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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 (18,706 Views)
earthsta
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Sydneyite
27 Aug 2011, 10:07 PM
earthsta
27 Aug 2011, 08:20 PM
Should have accepted the offer.

You'll be chasing the market down from here on
Yea like he has been since 2006...... you know nothing about the Sydney market Earthsta!
I know I'm closer to the mark this year then shadow is :lol: :lol: :lol:
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Shadow
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Evil Mouzealot Specufestor

earthsta
28 Aug 2011, 07:54 PM
I know I'm closer to the mark this year then shadow is
Well, there's a first time for everything, but I think you'll be proved wrong once again by the end of the year.
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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ajGold
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Trojan, any objection to confirming that your house is not listed on these auction results?

http://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf

If it's not marked as PI, I would be interested to know whether you had any say it being unreported or marked as withdrawn, or if the agent indicated anything to that effect on the basis of the ongoing negotiations.
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raveswei
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Strindberg
28 Aug 2011, 07:22 PM
you have opportunity to look in past events but still your conclusions are BS

Quote:
 
Housing costs unchanged since 1994


Australians are the third wealthiest in the World


1990-2010 House price growth the SLOWEST since 1950-1970


Anyway, I do not expect form you to understand meaning of term "certain" - that is obviously beyond your mental abilities
http://popping-bubble.blogspot.com/

Thinking of an Australian property speculator (PI):
Inaction = missing opportunities.
Missing opportunities = losing.
Too much thinking = inaction.
Thinking = missing opportunities.
Therefore thinking = losing.

disgraceful little man Frank Castle owes a house to Salvation Army

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Trojan
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ajGold
28 Aug 2011, 10:00 PM
Trojan, any objection to confirming that your house is not listed on these auction results?

http://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf

If it's not marked as PI, I would be interested to know whether you had any say it being unreported or marked as withdrawn, or if the agent indicated anything to that effect on the basis of the ongoing negotiations.
My house is NOT listed in that list and I did not request for it to be withheld nor did he indicate he was going to do that.
In his defense though, we were in negotiations till quite late in the day and he kept saying if we could get them to sign before midnight, it would still be under auction conditions so maybe he just wasn't certain what the results would be.

Edit:
Actually looking at the time of this post
http://australianpropertyforum.com/single/?p=8244444&t=8385815
the list was compiled before 6:30pm and yet at 6:00pm we were still negotiating with a hope it would be sold that day under auction conditions.
Edited by Trojan, 28 Aug 2011, 11:38 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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Trojan
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raveswei
28 Aug 2011, 11:18 PM
you have opportunity to look in past events but still your conclusions are BS




Anyway, I do not expect form you to understand meaning of term "certain" - that is obviously beyond your mental abilities
raveswei, its obvious you have nothing to add to this topic/thread.
Go and wriggle and squirm in another thread please.
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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Sunder
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Strindberg
28 Aug 2011, 07:22 PM
..so all your posts where you have been saying what "will" happen are bullshit.


In the words of the master wordsmith himself:

"For tis the sport to have the enginer hoist with his owne petar"!

Property speculation is a type of gambling... But everyone knows that in gambling, the house always wins in the end.
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matthew_50
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"Kids don't need their individual rooms yet at this age so we will delay building our dream home until the market picks up and we can sell this house for more."

cool, just as long as everyone else doesn't think that...

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Trojan
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BubbleTrouble
28 Aug 2011, 04:35 PM
What does $850K buy in Inner West Sydney anyway? Something built or renoed in the last 10 years and 20+ squares of living plus double car accommodation, 4 BRs and a bit of a yard? Or does one have to push $1M to get that? Just curious as to how crazy our prices really are.
Sorry, missed this post.

When I was looking for an engagement ring for my now wife, I researched about diamonds.
Caret, Clarity, Color and Cut

If you wanted a diamond with all the above features, it will cost you a mint as that is what everyone else was looking for as well.
However if you are willing to compromise on 1 or more of the above features, the price rapidly drops


My feeling about the Sydney Inner West property market is similar
If you want good suburb, close to city, close to transport, new or renovated, not on main road, big interior space, big yard, then you are going to have to pay a fair bit for it as that is highly demanded.
But if you compromise a bit the price comes down fairly quickly.

i.e. If you went down to a 2 bedroom apartment, you could get it for half of $850k
or if you were willing to put up with main road, once again it will be a lot less than $850k
or if you were willing to live in a seedier suburb (think housing commission area) then once again you will get a lot of change from $850k

To answer your question whether you could obtain everything in your list for $850k, the answer is yes you can - but don't expect it to be perfect.
The perfect ones costs more than what an average man can afford - kinda like diamonds really. :cool:
Edited by Trojan, 29 Aug 2011, 04:40 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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Mc_Gusto
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mcgusto

Trojan - you asked the question 'does anyone want to guess how the market has performed in the past 5 years'
Well how has it performed?? Cos reading through this post it sounds pretty shit to me.

Bang bang
Edited by Mc_Gusto, 29 Aug 2011, 05:15 PM.
Silence of the BULLS

HA HA
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