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Our house is up for auction tomorrow!; Anyone want to guess how the market has performed in the last 5 years?
Topic Started: 26 Aug 2011, 12:44 PM (18,694 Views)
Trojan
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3 bedroom full brick house in Sydney's Inner west
Bought for around $500k in 2006 (received $7k FHOG and stamp duty exemption)
Did roughly $100k of renovations to it over that time (quality renovations because we had no intentions of selling)
Had a 4 week marketing campaign
Over 50 groups attended
11 contracts issued
4 individuals requested to vary the contract (settlement date, deposit size, etc) which we agreed to
1 pre auction offer was made which we rejected (politely)

Anyone want to take a guess what the bids will go up to?
Edited by Trojan, 26 Aug 2011, 05:45 PM.
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
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kennyjaiz
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Trojan
26 Aug 2011, 12:44 PM
3 bedroom full brick house in Sydney's Inner west
Bought for around $500k in 2006 (received $7k FHOG and stamp duty exemption)
Did roughly $100k of renovations to it over that time (quality renovations because we had no intentions of selling)
Had a 4 week marketing campaign
Over 50 groups attended
11 contracts issued
4 individuals requested to vary the contract (settlement date, deposit size, etc) which we agreed to
1 pre auction offer was made which we rejected (politely)

Anyone want to take a guess what the bids will go up to?
Certainly sounding promising for you - likely to achieve a good result!
All the best with the auction tomorrow.
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Shadow
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Evil Mouzealot Specufestor

Trojan
26 Aug 2011, 12:44 PM
Anyone want to take a guess what the bids will go up to?
I wouldn't guess without seeing it, but good luck!
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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sentsie
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Trojan
26 Aug 2011, 12:44 PM
3 bedroom full brick house in Sydney's Inner west
Bought for around $500k in 2006 (received $7k FHOG and stamp duty exemption)
Did roughly $100k of renovations to it over that time (quality renovations because we had no intentions of selling)
Had a 4 week marketing campaign
Over 50 groups attended
11 contracts issued
4 individuals requested to vary the contract (settlement date, deposit size, etc) which we agreed to
1 pre auction offer was made which we rejected (politely)

Anyone want to take a guess what the bids will go up to?
Good Luck Trojan, all the best.

Just curiosity, are you upgrading ?
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Trojan
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Thanks for the well wishes guys
We have our hopes up high as well ... so far it doesn't sound like the Sydney market is dead - of course final confirmation will have to wait till tomorrow.

Sorry shadow, didn't want to post too much info on a public forum so I won't post links or photos.

sentsie, wife is pregnant again and we need a bigger house.
We bought an old house in the North shore and will be knocking it down and building our dream home there so yes we are upgrading.

Edited by Trojan, 26 Aug 2011, 01:03 PM.
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
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Shadow
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Evil Mouzealot Specufestor

Trojan
26 Aug 2011, 01:02 PM
Sorry shadow, didn't want to post too much info on a public forum so I won't post links or photos.

Absolutely! Wasn't suggesting you do - I wouldn't either.

Quote:
 
sentsie, wife is pregnant again and we need a bigger house.

I think this once again disproves Pauk's theory that babies don't create demand.

We did the same - upgraded when we had a child. I think many people do.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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woozle
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Shadow
26 Aug 2011, 01:10 PM
I think this once again disproves Pauk's theory that babies don't create demand.
forums nice & peaceful without his petty fighting with the bulls and his age quake spamming, wonder what he's up to ?
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hoofarted
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Quote:
 
I think this once again disproves Pauk's theory that babies don't create demand.

So they need 2 houses or a bigger house? The demand is for more space / room, not for an additional house. The baby has not increased demand for the house they are selling. Your perception of demand is interesting.
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zaph
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Shadow
26 Aug 2011, 12:54 PM
I wouldn't guess without seeing it, but good luck!
neither would i (and also not knowing Sydney). but i love a guess how many lollies in a jar competition. so here's my guess - $685 326 highest genuine bid.
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matthew_50
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should do quite well.

Sydney's market is the best atm.
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