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Oh my god 6 bedrooms 4 bathrooms; Disintegration of gold coast prices
Topic Started: 5 May 2012, 12:05 AM (2,970 Views)
Starlightdiscs
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6 Bligh court Benowa 1.4 mill 2 years ago. Mortgagee sale. Sold for $650.

My parents house 20 Taylor street north curl curl blue chip Sydney northern beaches. 2 years ago 2.5 million. Just accepted 1.7.

All you bulls you left the s*^t off the end. Australia hold on, we are in for a rocky road.
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Sydneyite
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Starlightdiscs
5 May 2012, 12:05 AM
6 Bligh court Benowa 1.4 mill 2 years ago. Mortgagee sale. Sold for $650.


Bullshit - from onthehouse for that address:

04/02/2012Government Notified Sale (Transfer by Third Party)Dwelling$650,000
15/03/2006Government Notified Sale (Normal Sale)Dwelling$550,000
31/08/2002Government Notified Sale (Normal Sale)Unknown$410,000
19/12/1983Government Notified Sale (Normal Sale)Unknown$127,500

Don't see a $1.4M sale there for 2010-ish? Nothing even close? In fact the previous owners made $100k between 2006 and 2012, and that's on the gold coast!!! Ground zero for the AU property crash right now! :dry:

Quote:
 
My parents house 20 Taylor street north curl curl blue chip Sydney northern beaches. 2 years ago 2.5 million. Just accepted 1.7.


More bullshit - again from onthehouse:

03/05/2012For SaleOnline Listing - AgentHouseOffers over $1,600,000
19/04/2012For SaleOnline Listing - AgentHouseOffers over $1,600,000
14/04/2012For SaleOnline Listing - AgentUnknownOffers over $1,600,000
12/04/2012For SaleOnline Listing - AgentHouseOffers over $1,600,000
06/04/2012For SaleOnline Listing - AgentUnknownOffers over $1,600,000
04/04/2012For SaleOnline Listing - AgentHouseOffers over $1,600,000
02/04/2012For SaleOnline Listing - AgentUnknownOffers over $1,600,000
29/03/2012For SaleOnline Listing - AgentUnknownOffers over $1,600,000
28/03/2012For SaleOnline Listing - AgentHouseOffers over $1,600,000
27/03/2012For SaleOnline Listing - AgentUnknownOffers over $1,600,000
19/02/2000SoldGovernment Notified SaleHouse$780,000

Looks like they got exactly what they have been asking for the place since March, + $100k! I don't see any $2.4M sale there do you? I was going to ask why they would ever sell for so much less than they paid, but turns out they DIDN'T! In fact they sold for 120% more than they paid in 2000. That's annual appreciation of nearly 7%pa - not bad at all.

Back to square one for you I'm afraid!
Edited by Sydneyite, 5 May 2012, 12:44 AM.
For Aussie property bears, "denial", is not just a long river in North Africa.....
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miw
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Sydneyite
5 May 2012, 12:42 AM
Bullshit - from onthehouse for that address:

04/02/2012Government Notified Sale (Transfer by Third Party)Dwelling$650,000
15/03/2006Government Notified Sale (Normal Sale)Dwelling$550,000
31/08/2002Government Notified Sale (Normal Sale)Unknown$410,000
19/12/1983Government Notified Sale (Normal Sale)Unknown$127,500

Don't see a $1.4M sale there for 2010-ish? Nothing even close? In fact the previous owners made $100k between 2006 and 2012, and that's on the gold coast!!! Ground zero for the AU property crash right now! :dry:




More bullshit - again from onthehouse:

03/05/2012For SaleOnline Listing - AgentHouseOffers over $1,600,000
19/04/2012For SaleOnline Listing - AgentHouseOffers over $1,600,000
14/04/2012For SaleOnline Listing - AgentUnknownOffers over $1,600,000
12/04/2012For SaleOnline Listing - AgentHouseOffers over $1,600,000
06/04/2012For SaleOnline Listing - AgentUnknownOffers over $1,600,000
04/04/2012For SaleOnline Listing - AgentHouseOffers over $1,600,000
02/04/2012For SaleOnline Listing - AgentUnknownOffers over $1,600,000
29/03/2012For SaleOnline Listing - AgentUnknownOffers over $1,600,000
28/03/2012For SaleOnline Listing - AgentHouseOffers over $1,600,000
27/03/2012For SaleOnline Listing - AgentUnknownOffers over $1,600,000
19/02/2000SoldGovernment Notified SaleHouse$780,000

Looks like they got exactly what they have been asking for the place since March, + $100k! I don't see any $2.4M sale there do you? I was going to ask why they would ever sell for so much less than they paid, but turns out they DIDN'T! In fact they sold for 120% more than they paid in 2000. That's annual appreciation of nearly 7%pa - not bad at all.

Back to square one for you I'm afraid!
Now if that had been stocks and not houses, you could go to jail for that.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
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peter fraser
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The Benowa house was listed for sale at $1.4M in 2009 but it didn't sell. The sale in 2006 was between related parties.

This time it was bought by an investment company who will do pretty well on this house.

Any expressed market opinion is my own and is not to be taken as financial advice
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TMR
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miw
5 May 2012, 01:44 AM
Now if that had been stocks and not houses, you could go to jail for that.
At the risk of being slow, what would be illegal?
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Frank Castle
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Business As Usual

Sydneyite
5 May 2012, 12:42 AM
BullBearshit- from onthehouse for that address:


More BullBearshit - again from onthehouse:


Back to square one for you I'm afraid!
The bears are getting increasingly desperate with their "making up" of stuff
How very sad of them :lol

Ignore posts by The Whole Truth · View Post · End Ignoring
The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
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Trojan
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Starlightdiscs
5 May 2012, 12:05 AM
6 Bligh court Benowa 1.4 mill 2 years ago. Mortgagee sale. Sold for $650.

My parents house 20 Taylor street north curl curl blue chip Sydney northern beaches. 2 years ago 2.5 million. Just accepted 1.7.

All you bulls you left the s*^t off the end. Australia hold on, we are in for a rocky road.
Some people think a drop in asking price is the same as a drop in housing value.
So if I list my house for $10mil and later drop the asking to $6mil, I can orchestrate a "40% crash"?
Alternatively, I can ask my parents to initially list their house for a lot more than its worth, so I can post the "proof of a crash" on the forums ....

p.s. Not sure if it was wise listing your parent's address in a public forum as many people have access to property databases and can look up names, etc.
Edited by Trojan, 5 May 2012, 10:05 AM.
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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PERTHBULL
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Stupid bear..
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TED BULLPIT
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Have a look at Noosa , some properties down close to 70% :lol .
And plenty more where that came from :D .
I think Bp must have read the latest june 2012 property investor mag and thats why he has dissapeared.
It shows prices have dropped quite a bit , to my astonishment really.
I looked at properties in WA starting with A-C because there were to many to do the whole thing.
I only listed suburbs with 75 sales or more for the year for greater accuracy.
In my July 2011 issue it shows 9 of the 41 properties has shown a decline over the last twelve months.
In my current issue it shows 34 of the 41 properties have declined over the last twelve months. Some substation loses and it looks like this all the way from A-Z.
Bp was right , Q3 was the turning point, of the new down cycle ;)
Edited by TED BULLPIT, 5 May 2012, 11:43 AM.
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miw
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TMR
5 May 2012, 09:27 AM
At the risk of being slow, what would be illegal?
Actually, not 100% sure about Australia. But in the US there have been some successful prosecutions aginst stock dumpers on forums. The trick is to short stock and then go to all the forums with some bullshit about a red flag event like an accounting scandal. You can get done for securities fraud.

Australia seems actually tighter than the US - to the point that it is not OK to gve specific buy and sell recomendations on web forums which is perfectly legal in the US.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
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