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British Expats (https://britishexpats.com/forum/)
-   Australia (https://britishexpats.com/forum/australia-54/)
-   -   Buying property...offers?? (https://britishexpats.com/forum/australia-54/buying-property-offers-631940/)

ABCDiamond Sep 21st 2009 7:40 pm
Re: Buying property...offers??
 
Originally Posted by Tooterelli (Post 7953171)
Personally, the neighbours told us. It is widely known. There are many in our "tower" who saw $$$$ before their eyes and leapt into borrowing huge amounts from the bank in order to become " a house OWNER" The reality is the bank owns the property and the couple who have the mortgage around their neck have left what was their temporary posting in Oz.:
Are they HOUSE owners, or are they those people,who got caught in the tower block APARTMENT scams, buying off the plan, before it was built, as a profit making exercise rather than buying a home.

If so, that is not the same as most house buyers, especially those who buy established houses. Therefore there is no similarity whatsoever with the many thousands of others that you say are exactly the same.

You will find that those who got caught in those "Off The Plan" schemes are a minority, in the whole scheme of things.

Tooterelli Sep 21st 2009 7:53 pm
Re: Buying property...offers??
 
Originally Posted by ABCDiamond (Post 7953224)
Are they HOUSE owners, or are they those people,who got caught in the tower block APARTMENT scams, buying off the plan, before it was built, as a profit making exercise rather than buying a home.

If so, that is not the same as most house buyers, especially those who buy established houses. Therefore there is no similarity whatsoever with the many thousands of others that you say are exactly the same.

You will find that those who got caught in those "Off The Plan" schemes are a minority, in the whole scheme of things.

You don't give up do you. It's a villa we live in okay. Not off plan. Not an apartment in a highrise. It's a bloody villa with a garden. It's part of a tower complex. You obviously haven't sold your "investment" property.

SamSi Sep 21st 2009 8:50 pm
Re: Buying property...offers??
 
Originally Posted by Tooterelli (Post 7953095)
1) The property boom is over. The only people who tell you it's not are those with vested interests eg slimey estate agents
Speaking as a non-slimey estate agent..... I can assure you that certainly in Melbourne the boom is NOT over. Prices continuing to rise, no sign of abating. Every weekend at least once streets ceiling price gets smashed. The grants really don't come into play in the market I work in so can't blame it on them.

I would say however that the buyers are mostly (by some margin) Chinese.

Perhaps it's different where you live.

ABCDiamond Sep 21st 2009 9:52 pm
Re: Buying property...offers??
 
Originally Posted by Tooterelli (Post 7953245)
You obviously haven't sold your "investment" property.
My bank statement in 2005 says I did... umm but then you are an propertycrash expert, so you must know better than me, I suppose....

Hmm.. even less reason to trust the "experts" now...

Originally Posted by Tooterelli (Post 7953245)
You don't give up do you
Oh I see, I am supposed to stop first am I :rofl: I didn't know the rules ;)


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