neil248

For any body still in the UK and coming to the Gold Coast maybe this will help if they are looking to buy property when they get here.

Prices at the moment seem to be all over the place with some very nice properties in good areas coming on the market at what appear to be tempting prices, some with massive reductions on their original asking price.

Conversely other sellers have their heads in the sand and are still trying for $100,000 more than the house is worth, we attended an open house today and as we know the agent and are not really in the market at the moment she openly agreed that the vendor was asking at least $55,000 too much. She may not have have been so open with a serious buyer fresh from the UK.

Also use a website onthehouse.com.au as you can find out for free exactly what a vendor paid for the house.

The Bloke

I would take the dollar value of the site with a piece of salt, considering that the information is decades out of date as; the value of the property has usually increased, the relative value of the Australian currency has changed over time ie you could buy a house for $24 000 forty odd years ago (back then for the average worker that was a fortune with the wages of the day). Even the cost of a car back then was a considerable investment for many. As the site says it is really only historical information.

jad n rich

On the house now seems to have limited info... But at one stage it was giving heaps more info out. It had our house, last sale as $1 the old couple had sold it to their daughter. The agent had actually had people saying why are they asking XXX as they only paid a dollar, OMG people are so thick

NedKelly

It cost me $5 to register, how did you get it for free?

neil248

The information is not decades out of date. We sold our old house 17 months ago and the price is there for all to see. If our buyer was to put the house back on the market now for whatever price then that information may be of use to a potential buyer especially in the curent market, it certainly is not worth any more now. Obviously if the house was last sold 15 years ago then maybe not, but even then you can get an idea of how the property compared to others in the same street at the time.

Also most of the Gold Coast was not here 40 years ago and a transient population means many houses are turned over in a couple of years or so therefore the site may be of use.

neil248

Agree the information is more limited now but if you fiddle about enough you can usually find what you want or else pay the $5.

Also noticed properties sold for $3000 recently and even I managed to work out it must have been a transfer to a family member or something!

The house we bought was last sold 2001 so the dollar price irrelevent but it did show how the house compared with others in the street which were currently on the market.

harrip

Still is

neil248

Especially here where they want $3000 for a vehicle which would just go for scrap anywhere else.

viviennef

Old prices can also give you an idea of how much mortgage the owner may have on the property and therefore how much you can negotiate - not always obviously but sometimes

neil248

Exactly

folic

THE Gold Coast will be a hot spot for job losses and home repossessions as the global financial crisis worsens, a Griffith University study has found.

The findings suggest no Gold Coast suburb is expected to escape the impending recession.

A map of the city shows a sea of red or yellow 'high' or 'medium-high' risk alerts for job losses, compared to only partially affected areas in other major centres.

And it will not just be the traditional battler suburbs affected, with new mortgage belt suburbs that flourished during the boom times expected to feel the crunch.

Virtually all Gold Coast suburbs are expected to be job-loss hot spots, with Broadbeach, Surfers Paradise, Worongary, Coomera, Upper Coomera, Coolangatta, Parkwood, Gaven, Pacific Pines, Oxenford, Bonogin, Bilinga and Pacific Pines the worst affected.

Author of the Griffith University study Professor Scott Baum said the findings were based on Bureau of Statistics data combining information about industry employment, part-time workers and residents' tertiary qualifications.

He said unskilled workers in vulnerable industries including tourism, construction, property and retail were most at risk.

"On the Gold Coast, there is no suburb that is not going to be in trouble, which makes it one of the worst ranked against everywhere," he said.

"They will potentially come down to the ground with a big thump."

He said the Gold Coast was at higher risk than other regions because its key tourism and construction industries often suffered the worst during downturns.

Medium to high-risk suburbs include Arundel, Ashmore, Benowa, Biggera Waters, Broadbeach Waters, Bundall, Burleigh Heads, Carrara, Clear Island Waters, Coombabah, Main Beach, Currumbin, Hollywell, Labrador, Mermaid Beach, Merrimac, Mudgeeraba, Palm Beach, Paradise Point, Robina and Southport.


Exerpted from the Gold Coast Bulletin, 30 March 2009



For full article and accompanying map of Gold Coast suburbs affected,
see here:

http://www.goldcoast.com.au/article/...al-estate.html

IvanM

Centrelink by sea again The dole bludging surfers will be back.

brendarover

http://www.theaustralian.news.com.au...013404,00.html


How long till we see the same headline but about Brisbane and the East coast?

The median price for a Perth house is down to $412,500, after peaking at around $500,000 in 2007. The REIWA data shows almost $25,000 was sliced off the median price in just three months over the December quarter.

In a telling sign, the time taken to sell a home almost doubled from an average 40 days before prices soared in the boom, to 76 days, reflecting the strong position of buyers.

The vacancy rate of 2.4 per cent has tightened in recent months but is still significantly better than the 0.8 per cent vacancy rate in 2006.

Mr Druitt said that he expected vacancies would climb significantly.

Perth for me offers more than Brisbane; and Perth is falling like a whores knicks?


It does not look good for the great miracle?

ABCDiamond

Perth is following behind the rest of Australia.
WA was the last State to peak, and if it follows the trend, it will copy the East coast, but about 2 years behind.

Some older News Headlines: