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The strategy has been to put funds into the SMSF as we are now in pension phase. I need to diversify into shares as there's too many eggs in property.

We've exchanged.

Now up $15.5k on original offer. But I suspect no more singing now.

Another $6k today. But I don't think there will be any more now.

Hmm. Not over until the horizontally challenged lady sings. Two parties are in competition and the offers have crept up.

Houston we have an offer. Not up to our highest expectations but much better than the initial offers.

Yes, I agree the confidence is low. There's still a lot of unknowns ATM. The timing was a bit poor, but we still have two weeks to see if there's anything happening. If we don't sell now we may do after a year or two. I suspect that this year's budget won't have much joy- traditionally bad...

We got a lowball offer. No way. If it hasn't sold by the end of January we're withdrawing it from sale. It's a good performer, so no pressure to sell too low.

There weren't any registered bidders on the night. The marketing didn't mention the rents, which I thought was the property's strongest selling point. So we are moving onto a straight sale to see if there's any interest. This time rents will be a part of the marketing.

Interest has been at a lower level. The auction is tomorrow night (Wednesday) at 6PM. It will still be on the market if it doesn't get reserve price. I don't have to sell. There's a hidden extra. There's a small 1BR "unit" which is not rented out as it's not approved as a residence. It...

I've moved off discussion about employment prospects in Canberra to a separate thread.

Thanks James. I've known Tim for quite a few years. I may have even bought the property through him, but I can't quite remember. I've dealt with your now colleague Jason for quite a while as well. But the business address on the page you link to is now incorrect.

I'm sure you would. That's where supply and demand comes in. You might demand that price, but I wouldn't supply it ;-)

It's only half the size of our PPOR block in Queanbeyan though. That makes it very private. Nobody can hear the arguments hehe

You have good taste in where you choose to live. But wouldn't an 1150sqm block allow you to build that monster McMansion your wife wants you to have?

Around $690K. It may go less on the day. At that price it would give 5.8% yield. While there are certainly a lot better yields around, it's not too bad for something which has shown excellent capital growth (it's been around 8% pa compounded since we bought).

I'm selling a property in North Lyneham, on the north side of Canberra, and on the outer ring of what is considered inner Canberra. It's been an excellent property for us- the only reason for selling is that in the transition phase of our super fund, it's a lot more tax effective to own a...