Yateleyhants

With regards to the UK housing economy. Is anyone who has been fortunate to sell their property and moving over to Oz, going to leap into a buying a property in Oz or are you going to be more careful and wait to see how things pan out.

Kingseat

Sold our Uk property in 8 days but waiting for at least a year or so here.

TheSubMainMan

we can rent at 1/3 the cost of buying, buying a house is not a good investment at the moment and probably wont be for another ten years or so.

Certanly do not go in to debt to buy one!

take your time and don't get fooled by the green shoots theory, it's all clap trap.

Vash the Stampede

Our UK house has been on the market for more than two months without success. We'll have to try and rent it out when we leave.

ronnie98

mine has just sold after 18mths!!!!!!!!

Juliecabs

I think I may have set a record here - my house has been on the market for 2 years, 2 months and 2 weeks and 1 day
And we've dropped it by £80K.

Julie. x

Nu-Shooz

At least you're willing to drop. As a buyer in UK, 3 offers have been refused as the sellers won't drop a penny. Houses are only worth what the buyers are willing to pay as they say.

Good luck, lets hope you sell soon.

paulry

Sold ours in two weeks but a change of plan has meant that we have just bought another. We plan to live in it for two years and then let it out for a few years after that until the forex and house prices situation is more favourable.

louise

Nope, sorry, 2 years 9 months and still waiting, supposed to complete in October (won't hold my breath)

Yateleyhants

At least in the UK you are informed on what the markets are doing. In Oz they seem to think everything is rosy and think positive (which is good most of the time) but when you are getting into debt with a large mortgage its best to know all the facts before you jump in. Most TV programmes in OZ do not report on the actual housing bubble which is going to pop sooner or later. So most Ozzies are living in the dark I assume most Brits moving over to Oz will probably be wiser this time round and take their time before buying in Oz.

Amazulu

Totally disagree. The information is out there. Anyone who does not research before buying a property is a f**kwit.

Yateleyhants

First time buyers are being suckered into buying because of the govt first home owners grant which has increased prices even further to cause a mini boom and yet current affair programmes (all, I might add) continue to tell people its a good time to buy. You may be older and wiser but not all the young people of this country unfortunately have that wisedom or knowledge.

jimbo_d

http://www.theage.com.au/blogs/econo...0914-fnh5.html

It's becoming a very mainstream view now that people sucked in by the FHB boost may have been buying a lemon

No rush to buy houses, they will probably stagnate for quite a while without the demand, but unlikely to fall significantly, maybe only with inflation eroding away at the value

Alfresco

Over two years!

Our neighbour (2 houses down) just sold his pad within a week of going on the market! Good price too!

Where are you planning to move to when you sell Julie?

paulry

Properties here in the south are moving fast. A couple of weekends ago we were house hunting around Hampton. 4 out of 5 for sale signs had a sold card on them. Also we had to queue up to view some. Around there we were also amazed at the high prices being asked for some very small and shabby looking houses (£350K +).