<KS> said:
The main point I was stating was this:
Anchorage house value pre last quarter: $420,000
Anchorage house value post last quarter: $474,600 (13% last quarter)
So if you sold that house trying to pick the top of the market you are potentially costing yourself $54,000 in equity + selling costs + tax costs.
A total of maybe......$75,000?
You then face costs associated with re-investing your newfound capital.........maybe 10-20k?
<KS>
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Dear KS,
1. I'm curious to know where you get the figures from and how accurate and reliable are they, as they are quite different from those given by REIWA, isn't it?
2. Sometimes statistics does not tell the whole truth.
3. Your point is however taken, strictly from the $$ perspective;- though for me, I will still personally value my eligbility to qualify for the Australian Permenant Residency Status as being far more valuable than the potential additional profits to be made by delaying my own house sales further.
4. We can all ask for a high selling price yet what matters most ultimately is whether or not, does the house sale actually take place or not eventually.
5. You already know my unsuccessful sale experience when we were trying to sell the house at 26 Properjohn Drive with a $20,000 price discount at $339,000 last year. Yet I was able to sell it for $380,000 this year even though the bank valuation price was only $370,000. Ausprop has suggested that I have "undersold" this house which he thinks, should be fetching a better sale price of around $400,000-$420,000 price range
6. To me, each house has its own "rightful" owner/buyer who is able to appreciate the house and its true value and willing to pay its market price, no more no less.
7. Thus, though the house at 2 Properjohn Drive has achieved the highest single residential house sale price at $539,000 in the Anchorage Estate, to date, I am still unable to truly appreciate/understand the buyer's perspective, myself.
8. Having said this, there are actually more houses on sale now in the Anchorage Estate than before, with many of them still asking around the $450,000s price range.
9. This is despite your claim that the median house price for the houses in the Anchorage Estate has risen from $420,000 to $474,000 over the last quarter.
10. For your kind update, please.
11. Thank you.
regards,
Kenneth KOH