Margaret3

ha! just as i thought, there is these god awful serviced apartments in GW, always getting advertised for around 500.000, there must be half a dozen on this site , reduced and been on the market for 2 - 300 days.

Fluid36

Good site HUP.

bcworld

The Refind site is wierd.

In my area it posts listings for properties where the photos relate to a different property entirely. For one place near me it's listed many times with 4 different photos - only 1 is the actual building in question.

Fluid36

Yeah I've noticed this sort of thing with quite a few of these sites, it's a pity that they aren't maintained better.

asprilla

Not that I know anything about IT, websites, etc etc... but I suspect that it is very hard to (1) obtain the info and (2) keep it up to date.

Lots of listings have no addresses. The ones that do, are quite often changed mid - listing by the real estate agent.... i.e. it will start off with no address, price might drop 3 weeks later, and then the address might become visible... that kind of thing.

Realestate.com.au will definitely maintain this info. I wonder if they use it at all.

Fluid36

Yeah that's right, they need access to up to date databases such as those used by realestate.com.au and domain. Getting their hands on it may not be straight forward/

HUP

It's a good place to start your search if you know what suburb you want because you can start assessing where they may be a bargain to be had

Perthine

Examples around Perth:
http://nfbpsh.blogspot.com/2011/03/h...operty-in.html

Vash the Stampede

Here.

Notice that two of them are from 2009 and the other two are from 2008.

Gibbo

At this point in time my property is worth 34x what I paid for it. Over the years it has fluctuated by $100,00. Prices rise and fall and the only ones who lose are those who buy to make a profit. The ones who buy a home to live in for the long term rarely lose anything

Steve2009

How long have you held it for out of interest?

Gibbo

A very long time! Possibly longer than you've been alive! I do believe however that if you find a property that you are happy to live in for the long term you won't lose.

Steve2009

No worries, I was just curious to work out the implicit rate of interest.

I strongly believe that there are bad times to buy and selling is not the only way you lose. My thoughts on the matter are well versed at this stage though and I won't bore you again.

Gibbo

We went through the 17% interest rate. When it went down we kept paying the same amount.

Steve2009

By implicit rate of interest I mean the implied rate of appreciation to multiply in value 34 times over a given period.

Approximate examples:
46 Years 8%
41 Years 9%
37 Years 10%
34 years 11%
31 years 12%
29 years 13%
27 years 14%
26 years 15%
24 years 16%
23 years 17%