Browse Forums Real Estate 1 Oct 25, 2008 7:51 pm I have purchased a new block of land in victoria and need to sell my existing house in Boronia VIC to pay for this block by April next year. I am not sure whether I should sell now or wait and see if the property market picks up. Does anyone think that the effects of the economic crisis and the introduction of the first home buyers grant extra incentive will have much impact on prices in the next few months? I really need to sell before February next year. Re: advice on selling 4Oct 25, 2008 8:47 pm Southies Casa2 I think prices are going to keep dropping for some time to come. Of course, nobody know exactly what will happen. Agreed Yep...prices should drop but anything could happen. Clearance rate has been going down past few saturdays. Today was only 53%. Re: advice on selling 6Oct 25, 2008 9:25 pm Just a note that Melbourne house prices haven't been dropping like Sydney prices. Think there is still an awful lot of the Melbourne market that isn't far off what the peak was a short time ago. If you need to sell before February then list it now, give it plenty of time to get the price you want. Re: advice on selling 7Oct 26, 2008 7:19 am d@n Southies Casa2 I think prices are going to keep dropping for some time to come. Of course, nobody know exactly what will happen. Agreed Yep...prices should drop but anything could happen. Clearance rate has been going down past few saturdays. Today was only 53%. Yes I also see that clearance rates are going down but I also hear that first home buyers are starting to show interest in the market. Perhaps we will not see the effect of the FHOG for a few months. Not many first home buyers are going to buy a house immediately following the announcement of the FHOG. Re: advice on selling 8Oct 26, 2008 10:52 am drewy Not many first home buyers are going to buy a house immediately following the announcement of the FHOG. Very hard to judge that one. I think the economic crisis is factoring in on a lot of people. No point taking out a massive loan if you don't have a job to pay it back. That lesson has been learn't very well.. I am sick of hearing agents tell me it's a good time to buy. They told me the same thing 6 months ago. In another 6 months, it will be even better. We haven't even started to see the effects of what's happening in the US and overseas. Too many agents and vendors are still drunk on the high pricing from last year. Re: advice on selling 9Oct 26, 2008 11:25 am House price is dropping, but not in all areas, is your house in the area that house price is dropping significantly? or little or no much impact all..
I think you should make the decision based on your financial status. Unless you really need the cash and/or your property is in negative gain... otherwise i would keep it.. And if you sell your current home, where are you going to live? Since the vancacy rate below 1%, can you find a place to rent? you need to factor that cost, will it be better or worst off to you.. or if you can live with your family until your house build. There are a lot to consider Blog - http://clageonewhouse.blogspot.com/ Building Thread - viewtopic.php?f=31&t=10886&hilit=milan I am in, with my husband and my beautiful bunny Re: advice on selling 10Oct 29, 2008 5:19 pm Drewy, not knowing if you have a family, you need to consider them too.
Our last build, we sold our house so we knew what we had to spend and moved into a rental that we were able to get close to the new build. We had to pay more in rent than our former house payments at that point because we could not move far away from kindy and creche. We had to move in when the house was not "right" because we were being kicked out of our rental (they had sold the house while we were renting it). Our girls were 15mths and 4yrs, so we had to move in. The builder went broke two weeks after we moved in and there are still things that were never fixed and others we had to pay again to have fixed. This time, we are staying in our house until we know that we are six weeks - a month away from moving and then we'll put it on the market. We might lose money, we might not, but kids will go to the same school and life will go on either way. I never want to be in the position of "having" to move and moving in before they fix all the outstanding issues. Just my 2cents. Re: advice on selling 11Jan 05, 2009 11:56 am having worked in real estate for many years it is a very hard question. houses still sell in bad times it does take longer I have sold my houses in bad times ,It good times you get a lot of lookers we call them tyre kickers.Can you rent your home, but if have to sell very quickly you will need to drop price for quick sale.I am in qld we have seen no dropping in prices even thought they tell you this they are still selling.The property price will go up again it always does only trouble it will go up even more thought.As for when that is anyones guess.The way to tell this is when the professional investors start coming back into the market.If you donot have to sell donot, ask some local agents for their advice but get several in. finished building 40 square home on 5 acres with perry homes.working on the landscaping just finished pool deck with ://forum.homeone.com.au/viewtopic.php?f=31&t=2217 Versaloc is a mortarless besser block system that still needs a properly engineered footing. If you just do a 400x200 footing it will fail in time. At 17m long you need it… 1 18115 Hi All, I engaged a tradie to install concrete retaining wall 600-800mm high over 32 meters in Victoria. Sleepers are 200*75*2000 mm installed over 17 steel posts. I… 0 6917 Building Standards; Getting It Right! Don't think they are designed for double brick. WA has a particular way of building and unfortunately that's the way a large amount of sills are finished. 3 7012 |