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Just sold in Perth. Hold or buy now?
Topic Started: 23 Oct 2016, 09:36 PM (5,254 Views)
Madtaj
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Hi we have just sold our property in Perth- South of the River.

I am a little confused as over the past few weeks we have noticed a change - nothing staying on the market for very long in or suburb and more buyers out and about. Spring rush maybe?

Unfortunately we cannot find a house the suits what we are looking for which leads us to renting for sometime, with a tidy sum of money in the bank.

My father is old school has always told me to buy and sell in same market but we just cannot find anything we like. We have a train station opening very shortly in our suburb too and are concerned with rising prices in the area due to this........

Any advice negative or positive??
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Madtaj
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Hi,

We are a family of four who have just sold our property in Perth Southern Suburbs.

We have been looking at buying for sometime but cannot find the right property at present.

My concerns are (maybe it is a spring rush) but everything in our area has been selling quite quickly over past 4 weeks. I am not sure is this is due to the new train station which is due to open in around 4 months or some other factors?

We will be renting for a little while - question is, do we buy something we are not 100% happy with because we are fearful of prices rising in our area due to infrastructure or do we have time to sit back and wait? We have a tidy sum of money to put down on new property when we find the right one.

I know these are all crystal ball sort of questions - but need to hear some thoughts on this one.

Cheers.
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Foxy
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Zero is coming...

Hmmm.

Your question is a perennial one.

We have sold 4 properties in perth and bought 10 in Margaret River

We still have the bulk of our investment in perth.

I am not sure if you realise the complexity of the question you have asked.


More information please
Total income
Deposit
Price range
What job security do you have

Also who is the boss of your family???

And what advise has the boss given

Edited by Foxy, 24 Oct 2016, 10:45 AM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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newjez
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Madtaj
23 Oct 2016, 09:51 PM
Hi,

We are a family of four who have just sold our property in Perth Southern Suburbs.

We have been looking at buying for sometime but cannot find the right property at present.

My concerns are (maybe it is a spring rush) but everything in our area has been selling quite quickly over past 4 weeks. I am not sure is this is due to the new train station which is due to open in around 4 months or some other factors?

We will be renting for a little while - question is, do we buy something we are not 100% happy with because we are fearful of prices rising in our area due to infrastructure or do we have time to sit back and wait? We have a tidy sum of money to put down on new property when we find the right one.

I know these are all crystal ball sort of questions - but need to hear some thoughts on this one.

Cheers.
You will be a cash buyer in a buyers market. Enjoy. Low ball till someone bites.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Jimbo
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Madtaj
23 Oct 2016, 09:36 PM
Hi we have just sold our property in Perth- South of the River.

I am a little confused as over the past few weeks we have noticed a change - nothing staying on the market for very long in or suburb and more buyers out and about. Spring rush maybe?

Unfortunately we cannot find a house the suits what we are looking for which leads us to renting for sometime, with a tidy sum of money in the bank.

My father is old school has always told me to buy and sell in same market but we just cannot find anything we like. We have a train station opening very shortly in our suburb too and are concerned with rising prices in the area due to this........

Any advice negative or positive??
If I had a suspicious mind, I would imagine that you were Mikey, Matey or Skammy trying to beef up the Perth property market.

But, taking you on face value, you have sold a house to trade for another house in the same city.

Why? Do you need more rooms? Do you want to be closer to something?

And you sold your house without having anything lined up to buy?

It's an unusual approach you have taken to moving house. One which I wouldn't take and I am pretty sure anyone with half a braincell wouldn't take.

But seeing as you have done a very strange thing, you couldn't have picked a better time to do it.

Perth metro currently has a record realestate.com.au listings count of 19,629.

3,000 more than a year ago, 7,000 more than two years ago.

Don't panic buddy. Even if you can't afford to buy, there are 12,578 rentals available in Perth right now at renter friendly discount prices.

Luckily for you, there has never been a better time to be a clueless idiot.



Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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zaph
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Jimbo
24 Oct 2016, 12:31 PM
If I had a suspicious mind, I would imagine that you were Mikey, Matey or Skammy trying to beef up the Perth property market.

But, taking you on face value, you have sold a house to trade for another house in the same city.

Why? Do you need more rooms? Do you want to be closer to something?

And you sold your house without having anything lined up to buy?

It's an unusual approach you have taken to moving house. One which I wouldn't take and I am pretty sure anyone with half a braincell wouldn't take.

But seeing as you have done a very strange thing, you couldn't have picked a better time to do it.

Perth metro currently has a record realestate.com.au listings count of 19,629.

3,000 more than a year ago, 7,000 more than two years ago.

Don't panic buddy. Even if you can't afford to buy, there are 12,578 rentals available in Perth right now at renter friendly discount prices.

Luckily for you, there has never been a better time to be a clueless idiot.


Summed up in three words...

Uses ares a coint
Edited by zaph, 24 Oct 2016, 01:10 PM.
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Matthew
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Jimbo
24 Oct 2016, 12:31 PM
And you sold your house without having anything lined up to buy?

It's an unusual approach you have taken to moving house. One which I wouldn't take and I am pretty sure anyone with half a braincell wouldn't take.



You did the exact same thing.

Quote:
 
Luckily for you, there has never been a better time to be a clueless idiot.
I suspect that is your entire strategy.
My only hope for my three boys is that they turn out nothing at all like Chris.
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Jimbo
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Matthew
24 Oct 2016, 01:18 PM
You did the exact same thing.
Flushed you out Matey.

Wasn't hard.

Lurking all along there Matey in one of your many guises.

Creepy shit.

Really creepy.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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Matthew
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Jimbo
24 Oct 2016, 03:16 PM
Flushed you out Matey.

All you have flushed today is shit from your liver. Take the Tinfoil hat off Dim, I only post as Matthew.
My only hope for my three boys is that they turn out nothing at all like Chris.
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John Frum
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Jimbo
24 Oct 2016, 03:16 PM
Flushed you out Matey.

Wasn't hard.

Lurking all along there Matey in one of your many guises.

Creepy shit.

Really creepy.
This could be the cause of the increasing desperation that's convinced him creating a few concern trolls on a backwater internet forum might actually help swing the market:

https://au.news.yahoo.com/thewest/wa/a/32950418/applecross-tops-home-loan-arrears/

Ouch!
"It were not best that we should all think alike; it is difference of opinion that makes horse races." - Mark Twain on why he avoids discussing house prices over at MacroBusiness.
"Buy land, they're not making any more of it." - Georgist Land Tax proponent Mark Twain laughing in his grave at humourless idiots like skamy that continually use this quip to justify housing bubbles.
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