Perth House Prices Cooling?
#181
Re: Perth House Prices Cooling?
Originally Posted by steve99
So where have you decided to buy in the end Renth?
I never thought id see the day when you'd say you "REALLY" Like somehere
I never thought id see the day when you'd say you "REALLY" Like somehere
#182
Re: Perth House Prices Cooling?
Originally Posted by renth
It's in Sorrento. I still don't think we'll get it, too much fannying around over our house sale in the UK.
Put the frightners on the agent that your prepared to make a strong offer now at a realistic current price level, and he could run the risk of not taking your offer and get no others before your UK sale finalises and then your in a position to offer considerably less than you would of done now becasue the market stagnated and your now in a much stronger bargaining position than you are today, (He might buy it )
It would be a shame for you to miss out after such a lenghty search.
What ever you decide, good luck with it.
#183
Re: Perth House Prices Cooling?
Originally Posted by steve99
Be positive, is it not worth making some sort of offer with a condition of subject to sale of the UK property?
Put the frightners on the agent that your prepared to make a strong offer now at a realistic current price level, and he could run the risk of not taking your offer and get no others before your UK sale finalises and then your in a position to offer considerably less than you would of done now becasue the market stagnated and your now in a much stronger bargaining position than you are today, (He might buy it )
It would be a shame for you to miss out after such a lenghty search.
What ever you decide, good luck with it.
Put the frightners on the agent that your prepared to make a strong offer now at a realistic current price level, and he could run the risk of not taking your offer and get no others before your UK sale finalises and then your in a position to offer considerably less than you would of done now becasue the market stagnated and your now in a much stronger bargaining position than you are today, (He might buy it )
It would be a shame for you to miss out after such a lenghty search.
What ever you decide, good luck with it.
I think things are definitely changing. I can't see a crash but I am confidently "top calling". I mean offering less than the asking price has been unheard of here for a number of months...
#184
Re: Perth House Prices Cooling?
Originally Posted by renth
Thanks Steve. Their agent rang last night and said they are about to remarket the property with a $50,000 price reduction and that they would accept an offer $100,000 less than the original asking price. So things are looking good. Not just for us but for anyone needing to buy at the moment.
I think things are definitely changing. I can't see a crash but I am confidently "top calling". I mean offering less than the asking price has been unheard of here for a number of months...
I think things are definitely changing. I can't see a crash but I am confidently "top calling". I mean offering less than the asking price has been unheard of here for a number of months...
Be interesting to see if the big drop in fuel prices is maintained and what happens as we head into Summer, will we get the traditional peak in activity in the Real Estate market.
#185
Re: Perth House Prices Cooling?
Originally Posted by renth
Thanks Steve. Their agent rang last night and said they are about to remarket the property with a $50,000 price reduction and that they would accept an offer $100,000 less than the original asking price. So things are looking good. Not just for us but for anyone needing to buy at the moment.
I think things are definitely changing. I can't see a crash but I am confidently "top calling". I mean offering less than the asking price has been unheard of here for a number of months...
I think things are definitely changing. I can't see a crash but I am confidently "top calling". I mean offering less than the asking price has been unheard of here for a number of months...
#186
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Joined: Jul 2005
Posts: 936
Re: Perth House Prices Cooling?
Originally Posted by renth
I think things are definitely changing. I can't see a crash but I am confidently "top calling". I mean offering less than the asking price has been unheard of here for a number of months...
Hope you get the house you're after.
#187
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Joined: Sep 2005
Posts: 567
Re: Perth House Prices Cooling?
Hi
To drop 100K, how much is the house? Seems a lot to me, are there more properties coming on the Market?
Cheers
Mick
To drop 100K, how much is the house? Seems a lot to me, are there more properties coming on the Market?
Cheers
Mick
#188
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Joined: Jul 2005
Posts: 936
Re: Perth House Prices Cooling?
Originally Posted by mickagnew
Hi
To drop 100K, how much is the house? Seems a lot to me, are there more properties coming on the Market?
Cheers
Mick
To drop 100K, how much is the house? Seems a lot to me, are there more properties coming on the Market?
Cheers
Mick
There seem to be a lot more houses coming on to the market, and staying on, as far as I can tell.
#189
Re: Perth House Prices Cooling?
Originally Posted by Exile
There seem to be a lot more houses coming on to the market, and staying on, as far as I can tell.
possibly to do with the interest rate rise and the next rise to come next month
#190
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Joined: Jul 2005
Posts: 936
Re: Perth House Prices Cooling?
Originally Posted by tucs
possibly to do with the interest rate rise and the next rise to come next month
#191
Re: Perth House Prices Cooling?
Originally Posted by Exile
The rate rise certainly seems to have done the trick. The jury still seems to be out on the next one. If it doesn't go up again, there could be another surge in activity, but I just think affordability has been stretched too far whatever the central bank does. Just my opinion...
#192
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Joined: Jun 2006
Posts: 1,145
Re: Perth House Prices Cooling?
Can anyone start this thread anew with a summary as I have kind of lost track over it
#193
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Thread Starter
Joined: Oct 2005
Location: Perth
Posts: 3,453
Re: Perth House Prices Cooling?
Originally Posted by tucs
he expects more houses to come on the market as people just cannot afford the costs of their mortgages.
I think this is the key.
People are just realising that paying $700K for a small house with not much garden in Perth is not on.
#194
Just Joined
Joined: Jun 2006
Posts: 9
Re: Perth House Prices Cooling?
Originally Posted by NKSK version 2
I think this is the key.
People are just realising that paying $700K for a small house with not much garden in Perth is not on.
People are just realising that paying $700K for a small house with not much garden in Perth is not on.
Absolutely.
Affordability is the key, and right now, Perth simply isn't very affordable.
Climbing rates, falling commodity prices, a downturn in the US economy and a spectacular run on property prices, generally mean one thing.
Interestingly, even the real estate agents are beginning to acknowledge this, with one or two (of the more open), beginning to concede the market is in need of a readjustment.
#195
Re: Perth House Prices Cooling?
Originally Posted by tickfollowedtock
Absolutely.
Affordability is the key, and right now, Perth simply isn't very affordable.
Climbing rates, falling commodity prices, a downturn in the US economy and a spectacular run on property prices, generally mean one thing.
Interestingly, even the real estate agents are beginning to acknowledge this, with one or two (of the more open), beginning to concede the market is in need of a readjustment.
Affordability is the key, and right now, Perth simply isn't very affordable.
Climbing rates, falling commodity prices, a downturn in the US economy and a spectacular run on property prices, generally mean one thing.
Interestingly, even the real estate agents are beginning to acknowledge this, with one or two (of the more open), beginning to concede the market is in need of a readjustment.
We just bought an investment property (mainly for the site plot but can still be rented as is). The sellers have lost 15% on the price they paid in 2003.