It's almost started!
I've heard about pre-sale of properties in Duffy, ACT, which has been very badly damaged.
An agent has been approached already by two parties who were not insured, and who wish to sell their properties.
I'm not familiar with the suburb's values. But I do know that the value ranges a lot, from the streets which (used to) be next to the forest, with views, to those at the bottom- normal suburban streets.
But a check of properties onhttp:// www.allhomes.com.au shows houses ranging from $270K to 400K +
The agent did not know how to value these- there have not been sales of new land in the suburb for many years- the suburb, I guess, is 30+ years ago (I lived in that suburb in 1974, and it was established).
I believe he's intending to put the blocks on the market at $250K. The belief is, that, as a suburb of quite new houses (as it will be), the value will rise substantially.
I suspect that new houses in this climate will be more costlier than normal. But I'm posting this for information.
btw, I know of two familes in the suburb who have had houses destroyed- and others who have not.
I'm posting for information about what is going on, not as a "chance" to find a "motivated seller". Indeed, the agent believes there will be a lot more motivated buyers than sellers- when it does go on the market.
I've heard about pre-sale of properties in Duffy, ACT, which has been very badly damaged.
An agent has been approached already by two parties who were not insured, and who wish to sell their properties.
I'm not familiar with the suburb's values. But I do know that the value ranges a lot, from the streets which (used to) be next to the forest, with views, to those at the bottom- normal suburban streets.
But a check of properties onhttp:// www.allhomes.com.au shows houses ranging from $270K to 400K +
The agent did not know how to value these- there have not been sales of new land in the suburb for many years- the suburb, I guess, is 30+ years ago (I lived in that suburb in 1974, and it was established).
I believe he's intending to put the blocks on the market at $250K. The belief is, that, as a suburb of quite new houses (as it will be), the value will rise substantially.
I suspect that new houses in this climate will be more costlier than normal. But I'm posting this for information.
btw, I know of two familes in the suburb who have had houses destroyed- and others who have not.
I'm posting for information about what is going on, not as a "chance" to find a "motivated seller". Indeed, the agent believes there will be a lot more motivated buyers than sellers- when it does go on the market.