Hi Kenneth
How lovely to hear from you, how are you holding up through this awful year we have just been through?
We sacrificed that one for $387,000 in the end, worse than that the valuer for ANZ (our bank valuer) I think from Herron Todd White only valued it at $380,000. I suspect he looked at the median price earlier in the year which was $380,000 in September but increased to $418,750 in October. Also he only did a drive by which is a bit disappointing.
Does anyone have any recent bank valuations on similar properties?
If you let me know which email address to use I can email to you a comprehensive report that our agent at Ray White prepared for the sale containing lots of handy statistics for the area.
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Dear Sparky23,
1. My email address is at
[email protected].
2. My brother-in-laws will help me "keep" his 2 rental properties at 15 FitzGibbon Road Rockingham and at No: 52, Waterfront Parkway, Shoalwater WA 6169 by continuing to service the monthly interest payment for its housing loans, on my behalf, until such times these 2 properties have become either "cashflow neutral" or/and " positive cashflow" subsequently.
3. Assuming the RBA further reduces its official Interest Rate by another 2% before June 2009, we are likely to be on target to achieve this objective by June 2009, after which we will lock-in onto the low Housing Loan Interest Rate for the next 3-5 years period.
4. In the mean-time, I am presently in Singapore, to try to sell off a fully-paid up HDB flat for S$600,000 in order to urgently raise the required cashflow for immediate use in Australia.
5. I am still trying to "save" the double-storey house at 26 Eldon Street, Shoalwater, WA 6169 as well as Lot 39 Vacant Land at the Haywards Bay Estate in NSW, from being foreclosed, in the mean time, if our God be willing.
6. What are your own investing plans for 2009, please? How are your own projects coming up at Hayward Bay Estate, please? And what are your own views on the various housing markets in Australia for 2009, in particular for the Sydney and Perth property markets please?
7. Looking forward to hearing and learning further from you, please.
8. Thank you.
regards,
Kenneth KOH