I read at least 50% of this and to me it was developer's hype.
How can it be developers hype when they are not a developer (in Gladstone anyway) and it is based on a CQU study.
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I read at least 50% of this and to me it was developer's hype.
Anyone affected by the rain in Gladstone?
Cheers,
James
just seems like an over kill, who is buying them and who's going to live in them? Unless something changes I think there will be a lot of vacant buildings in the near future.
You are right
I bought it in 2011 and struggling to sell it now even with 30K loss.
Oversupply was much anticipated one but the disaster struck much earlier than anyone could imagine. ................very expensive learning!
You are right
I bought it in 2011 and struggling to sell it now even with 30K loss.
Oversupply was much anticipated one but the disaster struck much earlier than anyone could imagine. ................very expensive learning!
Your learning has a way to go unless you learn to invest for the long term rather than speculate in the short term.
Your learning has a way to go unless you learn to invest for the long term rather than speculate in the short term.
The point that we are making is that the transaction costs in Australian property are very high. When you purchase you are basically -7% at day 1. Roughly 5% in closing costs and when you sell, another 2%+ in agency fees.
7% does not include agent fee 2% otherwise it will be total loss of 9%. I am dropping 30K from actual value ,I did not include conveyancing fee and buying cost. This is heartbreaking; I am not happy but much better than selling it with 100K loss next year
This devastating market that I blindly support has given me a cracking return for the past 13 years.
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