Good news on valuation

[T&T]

Just got a valuation back today for $400K on Darlinghurst unit bought 2 years ago for $297K. Pretty good growth in a flat market and not a bad return - have just got a tenant in for $460 per week.

 

[buzzlightyear]

Who said Sydney's market was flat It's a good feeling having your choice being vindicated in such a way. Good rental return as well.

Are you planning to use the equity to purchase again?

 

[Shuttergirl]

Wow, congratulations. You must be thrilled. Great to hear that your choice has done so well for you.

 

[T&T]

This was also with zero renovations so pretty happy with it. Am planning to refinance and buy again soon.

 

[Nathan]

T&T, yeh but you will be crying when the market falls and its only worth $150k. JK's

i have been doing research on sydney inner city units and sales prices, and they sure have moved over last 3 yrs. Good to see that some of the market has moved. fingers cross for west and centeral coast now.

 

[jingo]

Just got a valuation back today for $400K on Darlinghurst unit bought 2 years ago for $297K. Pretty good growth in a flat market and not a bad return - have just got a tenant in for $460 per week.

Congratulations T&T. That is sensational!

Did you buy the unit very cheaply at the time, or has the market moved significantly in this area?

Regards Jason.

 

[josko]

Good one T&T!

Regards JO

 

[Nth Brisbanite]

Good one T&T!

Regards JO

Well done!! I've just had a house in Brisbane valued as well and am also happy. ANZ valued it at 410K while 2 months later NAB valued it at 450K. Can't understand why it varies so much.

Valuers are not as conservative as I thought they would be.