Don't ask me - I'm a real novice. I don't even own a house here...!!

Let me change that for you if you want?

There could be only one person left on the planet and 500,000 houses standing in Perth and that guy would still say the market was bouyant!

Hahahaha! See you never stop working do you?

Shouldn't you be out on the streets swindling old ladies out of their investments?


Seriously - we may buy at the end of this year. Strong Aus dollar, good UK tenant who wants to stay in our house for at least another 18 months, weak UK housing market and rising interest rates here means that we are in no rush to sell our house over there just yet.

I reckon he should be charged with reckless endangerment.

Tell it like it is.................. it's buoyant my ass.

A little bit of movement; marginal improvement................ but still lacking in the genuine buyer department.

Loads of dreamers and tyre kickers out there............. but lacking somewhat re fair dinkum serious buyers...............

Exception to the rule being in the top shelf department because as a rule those people are talking cash anyway so interest rate hikes have little or no effect on suchlike.

Have to stop working here now.................. got appointments to keep so it's back to the day/night job................. the missis would still prefer it if i was to get as she puts it......"A proper job?"

This is interesting:

http://www.nytimes.com/2008/01/22/bu...d7f&ei=5087%0A

Wonder if it will spark a deluge of cases, and force agents to be a little more careful?

Bob - question for you.

Does REIWA put any pressure on individual agents to distort the market?

e.g. price fixing on commission, always talking the market up, inflating rentals to push people into buying? etc etc

Absolutely not.............. no, not at all. Any such Agent who did would surely be shooting themselves in the foot?

Since deregulation came into effect several years ago............ our fees have always been negotiable.

Unfortunately it is a well known hard and fast fact that rentals are skyrocketing; Agents wouldn't have to make that up as Blind Freddie can see same.

At the end of the day our business is built on referrals and repeat business; obviously if we were to do the wrong thing by our clients we wouldn't see them again!

By the same token we aren't miracle workers either.............. if the market is flat............. it's flat and there's not a lot we can do about it; so occasionally some properties won't sell for whatever reason. Usual reasons are location and asking price.

Right now there's a lovely property on the market in Tapping............ nothing wrong with the house at all............. it's a cracker............. a real belter yet it's been on the market for just over 13 months........... and with a mainstream top Agent at that........... followed subsequently by another mainstream top Agent............. yet it's still on the market........ and no-one can answer why?

Have to sign off now............ day time job beckons.

This is really reassuring.






Don't believe you though - you're a real estate agent!

There are some straight people in the job.

Thanks for all the replies, Bobcat and Timber Floor some useful info cheers

At the end of the day, our house is definitely worth $400K. It's only been on the market just over a week so we are confident of getting that, and if we dont it comes off the market and goes back on in a couple of years when they've built the shops and stuff on our estate and the prices shoot up again. There are a couple of "under offer" and "solds" around here now, which is a good sign. It's not a case of making money on it, it's a case that we cant borrow any more so if we dont get the $400K it's off. Other houses our sort of size (but mostly without aircon/ on smaller blocks) are advertised at prices between $420K and $450K so we are definitely competitive. Just have to hang in there and try and remember the old saying: if it's meant to be.

From now on I will be here for all viewings and the home open though - apparently they used our loo as well.

First place i bought, cos me 420k

Re fenced whole place, fitted aircon, redecorated, built new sheds

Sold it for 420k

New owners, the Munsters, trashed it, and sold it 6 mths later 490k

There is no magic wand.

Ste

Your house my friend is worth what;

1) Someone is willing to pay for it?

2) Someone is willing to lend money for to pay for it?

3) Someone can earn enough to pay back the money borrowed to pay for it?

You house is worth zilch if all and none of these are true, similar to logic really, i think logic is a term which needs to connect to the property market rather the people's own expectations based on pure and utter speculation and greed?