Nov 25, 2007 6:11 am
Last thursday, We had our land contracts signed, Deposit paid to Metricon and plans submitted to council. On our way home we noticed a gorgeous house for sale, No doubt well out of our price rang but we called the real estate agent and asked if we could view it. We wanted to compare prices between this house and the house we were building. Our house (building) Is 28sq including garage and outdoor room with a block size of 760sq. This house (the existing house) is in the very best part of town, On an elevated 3/4 acre block with views. It has a 20x30 shed up the back, It has ducted vacuum, an awesome ducted aircon, 21sq living plus 5.5sq garage and 3 to 4 sq outdoor entertaining area. It's 18 months old but has only been lived in part time for the first 12 months. Asking price is $280,000 - $320,000. Our house to build was costing us $277,000 (we found a cheap block) Anyway, I told the real estate man that it was out of our price bracket and that we weren't interested in buying it as we were about to start building our own home. He was really nice and went through the pro's and con's with us between the 2 houses. To my surprise he recommended for us to build!
Fast forward to 8:30pm that night, mobile rings and it's the estate agent, the owners of the house are desperate to sell and are desperate for us to buy it, even though we didn't put an offer in. Estate agent says if we offer in the $260,000 it's ours, so i did, $261,000 ans guess what? We just brought a house!! The people spent $315,000 for house and land to build this place. We've had an independent valuation on the place which came in at $305,000. We just brought the bargain of a life time! The estate agent said his co-workers have been in the business for 20 years and even they are walking around shaking their heads wondering what just happened.. ehehe..
Anyway folks, Here's the link to our new place if anyone wants to check it out!
http://www.realestate.com.au/cgi-bin/rs ... 1195537945
Re: How quickly things change..2
Nov 25, 2007 9:33 am
Congratualtions Fional, you've done well.
But think of all the fun your missing out on getting a house built. Such an enjoyable experience. Just look in this forum for all the delightful, fun, smooth things that happen.
Demolition August 2009, Construction Started September 2009, Completed December 2010
Re: How quickly things change..4
Nov 25, 2007 10:24 am
Down here most people dreams about 3/4 of an acre and 21 squares is going to cost $200,000 to build and finish the garden etc.
Time for a tree change anyone??
Australia wide Local Call - 1300 130 336
Click here to look around: http://www.benq.com.au
Re: How quickly things change..5
Nov 25, 2007 11:43 am
WOW, you bargain hunter you!!!! That's fantastic Fiona, CONGRATULATIONS!!!!!!
I always wanted a minimum of 1/2 acre, lots of space. maybe next place. (room for horses, makeshift go-cart track for the kids, amybe some chickens), hmmmm how much are the properties up there again?????
Have you already bought your land though or was it a package through the builder? Think of it, nothing really to do - sit back and enjoy it. Hope it's a quick settlement for you. Have a champers for all of us.
Oh...do you guys have a ride on mower yet????? You might need one.
Re: How quickly things change..6
Nov 25, 2007 3:55 pm
House prices up here have crashed big time, It's a buyers market for sure.
Pheonix, We had just signed the contracts for the block of land then noticed that one listed in another real estate and thought we'd take a peek just to compare, We never dreamed that we would be able to afford it, that's why we never made an offer! Funny thing fate is..Lucky we were in our 5 day cooling off period! You mentioned about the horses and animals, Their is a little farm with a pretty little house on it selling up here, It comes with a pony, cows, kichen ect and a free range egg business.. Up for Auction EP is $280,00 to $320,000..
Thanks everyone! I love this forum and really don't want to leave.. Guess i'll have to smash some walls in so i have a reason to hang around
Couple more pics taken from my mobile..
The shed all the way up the back.. You can't tell but it's 20 by 30 meters!
Jase signing the contracts in the kitchen
View from the front door
Re: How quickly things change..7
Nov 25, 2007 5:08 pm
That is so awesome Fiona. If only it were that cheap down this way
Congrats on a bargain - it always feels much better if you get what you want AND you get a great deal!
Second Time 'Round
Re: How quickly things change..9
Jan 23, 2008 6:46 pm
K so, That house fell through! The vendors pulled out in the 3 day cooling off period. We think they got a better offer.. Anyhoo, We are now the proud owners of a 20 year old brick house with a lovely garden and in-ground concrete pool. We're in the process of paining and reno'ing it so here i am back again
Re: How quickly things change..11
Feb 01, 2008 10:47 am
Yes, We were disappointed to begin with but i guess it was a blessing in disguise! The way the market is here atm we got a great deal on a good sized house. The layout is perfect for us and it needs updating which is what we're doing. Hopefully we'll make a nice profit like we did on our last place
Re: How quickly things change..13
Feb 01, 2008 11:00 am
I don't know that the market here has anything to do with interest rates. I think it's more people are choosing to build here rather then buy established which is why there is an abundance of established houses sitting on the market stagnant. For a town which is on the smaller side, it has a heap of new estates popping up. To many perhaps.
Re: How quickly things change..16
Feb 01, 2008 2:29 pm
Cool - well not always - it can get a bit hot up there this time of year
Have you got your surfboard out - ready for the water comming down the Darling
Good to hear you've found a place.
Re: How quickly things change..17
Feb 01, 2008 5:50 pm
Weeeeeeeeellllllll, The place we're living in now is called Dareton. My hubby is a detective here. Anyhoo, Dareton is on the NSW side of the border and our water supply comes from the Darling river at Wentworth NSW. Mildura gets it's water from the Murry which is down stream from where the Murry/Darling join. So, Everyone on the NSW will gets their water from the Darling and Mildura side misses out because it's down stream from the Darling. Here in Dareton were on stage 4 water restrictions which were just lifted to allow people to water from 6pm-6am every night. Mildura chucked up a stick about it and now were the same as them, only watering garden beds 2 nights a week for 2 hours. So, It's all very political atm
Re: How quickly things change..19
Feb 02, 2008 6:42 am
Hang in there - there is a big flood in western qld heading your way - the darling is flowing and hasn;t done for many years.
I was up at tolarno station a while ago and the miniscule pools of water were in desperate need of a bit of water.
It'll be there soon.
Re: How quickly things change..20
Feb 02, 2008 7:24 am
And yes, It is hot! A stark contrast from Newcastle.
So Newcastle is where you were previously based? Cool, I'm a Newcastle girl born and bred myself .......
As for being hot ..... I guess if we get hot here we can always hit the beaches and cool down ...... not much of that option where you are now though
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