Elizabeth Downs -Hot lead for low cost Mortgagee Sale
- Thread starter Stangman
- Start date
Had this happen with a property in Brisbane recently. We put in an offer with a $1k initial deposit, with no ?balance deposit? (QLD contracts have two deposits as I?ve just learned). Offer was accepted by the vendor and signed and away we went. Agent called me about a week later and said ?I noticed you didn?t put anything down as a balance deposit, our standard practice is 5% of purchase price so do you want me to just put down $20k payable within 5 days of the contract date?? He said it as if I didn't know what I was doing and it was my mistake. I kindly advised the agent that we now have a binding contact given both parties had signed and for him to send me the trust account details so I can transfer the $1k initial deposit, but he won?t be getting a balance deposit. Nice try though I guess
Congrats!
About time though
Hopefully the vendor may twist the arm of the rea for the other place.Congrats!
About time though
Plenty of fish in the sea
Although not directly related to property investing,the ABC's Four Corners program on Monday provided some inside into Elizabeth.
http://www.abc.net.au/4corners/stories/2014/04/14/3982809.htm
As someone who has lived in Melbourne (most of my life), Perth, Brisbane and now Adelaide I really felt depressed about what this place has to offer, particularly places like Elizabeth. 12 years of Labor (and another 4 to go) certainly hasn't done this place any favors. Just look at the economic data.
http://www.abc.net.au/4corners/stories/2014/04/14/3982809.htm
As someone who has lived in Melbourne (most of my life), Perth, Brisbane and now Adelaide I really felt depressed about what this place has to offer, particularly places like Elizabeth. 12 years of Labor (and another 4 to go) certainly hasn't done this place any favors. Just look at the economic data.
Quite humorous seeing the spin on the 4 Corners episode. Pity they avoided showing the complete new development throughout, large new industrial facilities employing a multitude more than Holdens etc.
That was pretty sad
And not very reassuring
But like any tv show they make it seem worse than what it is.
Also Elizabeth has been a place of unemployment for decades. And it hasn't relied only on Holden's to survive. My dad has owned a buisness in Elizabeth for 30 years and I have the heard the storys about generations of family's never working
Also like cjay said, why didn't they mention Elizabeth/ northern suburbs has huge industries close by like the raaf, dsto etc
And not very reassuring
But like any tv show they make it seem worse than what it is.
Also Elizabeth has been a place of unemployment for decades. And it hasn't relied only on Holden's to survive. My dad has owned a buisness in Elizabeth for 30 years and I have the heard the storys about generations of family's never working
Also like cjay said, why didn't they mention Elizabeth/ northern suburbs has huge industries close by like the raaf, dsto etc
Watched this yesterday..............
http://mpegmedia.abc.net.au/news/fourcorners/video/20140414_4c_elizabeth_288p.mp4
Fascinating stuff of days gone by.
http://mpegmedia.abc.net.au/news/fourcorners/video/20140414_4c_elizabeth_288p.mp4
Fascinating stuff of days gone by.
Lawns and gardens in lizbef, and not a broken down VN in sight. What a change
Want to sell your tenants?
I've got my first Liz place settling next month. Wish me luck!
Want to sell your tenants?
I've got my first Liz place settling next month. Wish me luck!
Haha nah they just started year number 3
Thanks for sharing. It is me but I actually felt sad after watching it. I know it was an advertisement for Elizabeth but it seemed like SA had such a bright future then. It stagnated for so many years and perth/ brissy caught up and are way ahead now
Bez, I see where you're coming from but 'way ahead' doesn't always equate to 'better'.
People all have different ideas of what a nice place to live is. For me Adelaide is doing alright. It seems to be starting to modernise yet still retain the heritage and the wonderful natural environment so close to the CBD.
People all have different ideas of what a nice place to live is. For me Adelaide is doing alright. It seems to be starting to modernise yet still retain the heritage and the wonderful natural environment so close to the CBD.
'alright' is not good enough.The rest of the country has been ploughing ahead. Adelaide is on government funded life support. All major projects around Adelaide are publicly funded by the tax payer, there is very little private investment.
Don't get me wrong it has many good things to offer, but it has to stop being so conservative and it must find a way to attract big business.
A change in govt would help alot
Aman, I am mainly refering to Elizabeth. Please watch that video vs what elizabeth went to become. I think that it is definitely coming back though.
