Feb 16, 2008 1:56 pm
Is anyone feeling totally deflated with the market these days?
The problem with this boom, is owners are expecting BIG prices for absolute dumps! Prices have gone so high that they don't even bother to spruce up the place. It's really hard to find somewhere that looks half decent, doesn't cost the earth, nor need major reno work done to the point where it's often better to just demolish and start again.
With interest rates going up, one would hope that the demand would drop off just a bit and prices would go back to normal. It's seriously crazy times out there.
Re: Hunting for real estate in Melbourne3
Feb 17, 2008 1:19 pm
don;t be afraid of putting in an offer that you believe it is worth.
Which may be a long way below the asking price. They can only say no. Somepeople are just ill advised as to that it will get.
Yes booms are hard to buy in - but there are sometimes bargains out there - if you chase them.
Re: Hunting for real estate in Melbourne4
Feb 17, 2008 5:41 pm
Bargains in the real estate market?...ha!
Every place that i've had a partial interest in has gone for 50 to 150 k above what's quoted. There should be a crack down on under quoting. And don't tell me RA's are not doing it on purpose.
makes me mad
Re: Hunting for real estate in Melbourne5
Feb 18, 2008 9:09 am
Thats part of the reason why we built......
And as for real estate agents, you shouldnt be so harsh, it's only the 99.9% of them making the honest 0.1% of them look bad!!
Built Porter Davis "Dromana" 2007.
Re: Hunting for real estate in Melbourne7
Feb 24, 2008 8:32 pm
d@n - beware of media stories.
They sometuimes go off half cocked - so do your own research via several reliable and trusted industry sources and see what you think it is really worth.
Not what some non affected journalist thinks or heard half the story of.
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