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Hi, i need a bit of moral support and advice
We just bought a place, a really nice unit, great grounds, swimming pool etc, it's in a suburb one from Dulwich hill (hurlstone park), however with this crazy market we only saw it once, made an offer, pretty much signed the same day (agent kept saying loads of buyers interested etc usual stuff), it's our first house and we've been looking in eastern suburbs for ages, just accidentally found this place, not in an area we've ever been really but took a punt. Long story short we've got a rail line running at the back of our house. I reckon we've overpaid but mainly concerned about re-sell value as it's a small townhouse so we'll need to upgrade in a few years. Any ideas what can we do to make sure we do sell? ie add double glazing? Is there a chance that council or rail lines would add a noise reduction wall in between rail and our house? We're separated by a lane and a tree area, i'd say we're about 10-20m from the line but freight trains can be a nuisance (don't care so much about electrical passenger trains they hardly make any noise).
Thanks for your advice! i know we should have done more research but we're naive first time buyers, that's my excuse
I know dulwich hill is going up so hopefully it'll catch up on the hurstone park as well... We paid 10-14% more than what units in this block went in 2011-2012
The bad news is that there is a townhouse for sale in our complex now in similar renovated condition (maybe with a slightly older kitchen and bathroom) and the price guide is the same that we paid 9 months ago. Considering market has moved 10% since December it's not great.
The place currently for sale will sell much higher than quoted range. Don't worry about it.
I believe you're better off getting rid of a dog property during an upswing as you can then put the money to use elsewhere a i'd hopefully see some gains. Also, in a flatter market it can be harder to get rid of difficult properties as buyers have more choice.
The bad news is that there is a unit for sale in our complex now in similar renovated condition (maybe with a slightly older kitchen and bathroom) and the price guide is the same that we paid 9 months ago. Considering market has moved 10% since December it's not great.