Browse Forums Building A New House Re: Mystique Wollert 57Oct 18, 2018 12:31 pm Hi all, YNWA and I, have created Facebook Closed Group for Mystique Wollert Community Address: https://www.facebook.com/groups/mwcomm or search: Mystique Wollert Community Cheers, Re: Mystique Wollert 58Nov 29, 2018 5:22 pm So has everyone got the email about the massive delays.......!!!! Consider this folks, establish houses are falling like a rock. By the time title is due or sunset period expires (which is more than likely the case) do you : A. Walk away from Mystique and buy an established house, or B. Continue with Mystique, pay a higher premium for *YOUR* land and hopefully turnkey in 2021? Look at these rough sums, using our budget (land+house+stamp duty is $700k) - Established house in Wollert: - November 2018 sale price 700k + stamp duty $39k........................... = $739 - November 2019 sale price (5% decrease) $665K + stamp duty $37k = $702 - November 2020 sale price (5% decrease) $631k + stamp duty $34k = $665 - November 2021 sale price (5% decrease) $600k + stamp duty $32k = $632 We can play the "what ifs" all night with the above figures but lets say house prices do fall by 5% each year until 2021. Why on earth would I stay with Mystique at spend $700k (not including the new land value post sunset) when I can buy pretty much the same thing for $70k less. Just think about this neighbours!!!!! MYSTIQUE -> WE ARE NOT HAPPY Re: Mystique Wollert 60Nov 29, 2018 10:04 pm ironbark211 So has everyone got the email about the massive delays.......!!!! Consider this folks, establish houses are falling like a rock. By the time title is due or sunset period expires (which is more than likely the case) do you : A. Walk away from Mystique and buy an established house, or B. Continue with Mystique, pay a higher premium for *YOUR* land and hopefully turnkey in 2021? Look at these rough sums, using our budget (land+house+stamp duty is $700k) - Established house in Wollert: - November 2018 sale price 700k + stamp duty $39k........................... = $739 - November 2019 sale price (5% decrease) $665K + stamp duty $37k = $702 - November 2020 sale price (5% decrease) $631k + stamp duty $34k = $665 - November 2021 sale price (5% decrease) $600k + stamp duty $32k = $632 We can play the "what ifs" all night with the above figures but lets say house prices do fall by 5% each year until 2021. Why on earth would I stay with Mystique at spend $700k (not including the new land value post sunset) when I can buy pretty much the same thing for $70k less. Just think about this neighbours!!!!! MYSTIQUE -> WE ARE NOT HAPPY Hi IronBark, join our Facebook Group https://www.facebook.com/groups/mwcomm To be honest, I am also have the same thinking as yours and will email Alok for a complaint, but yes, when we have a look at REA website, with our house and land price in Mystique, we actually can buy with the same price, bigger land and closer to city. |