What would it rent for after you pay whatever it sells for?
Cheers Chrisv
For a PPOR
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What would it rent for after you pay whatever it sells for?
Cheers Chrisv
In light of the booming market in Melbourne anyone care to predict a selling price for this place?
http://www.domain.com.au/Public/PropertyDetails.aspx?adid=2006406908
For a PPOR
OK, still interested in the amount of rent this or a similar property in the area would attract.
Cheers Chrisv
600k give or take?
Cheers,
The Y-man
These are nearby, but are 3BR's....
http://www.domain.com.au/Public/PropertyDetails.aspx?adid=5295765
http://www.domain.com.au/Public/PropertyDetails.aspx?adid=5304971
http://www.domain.com.au/Public/PropertyDetails.aspx?adid=5292085
Cheers,
The Y-man
Hi,
How much do you think for this?
http://www.domain.com.au/Public/PropertyDetails.aspx?adid=2006414860
I do believe that in strategic locations we will see growth something like this
FY cg
2007 15-30%
2008 10-15%
2009 5-10%
2010 5%
2011 4-5%
2012 4-5%
An interesting article by Ben Schneiders and Chantal Rumble of the age and reproduced by Domain.com regarding pre auction price quotes. Below is an extract of a quote by Enzo Raimondo, head of the Real Estate Institute of Victoria.
Mr Raimondo said it was "very simplistic and not correct" just to compare the advertised and final sale prices. Agents argue that the difference between the quote and sale prices is the result of a rapidly moving market. "We have unprecedented demand in certain pockets of Melbourne," Mr Raimondo said.
But the REIV's data shows that prices — for auctions and private sales — in the first three months of the year fell across all price segments. In the top 15 per cent of the market, the median price dipped 3 per cent, while for the top 5 per cent, prices dropped 4.3 per cent.
My question:- Is Melbourne in the wake-up phase or are some trying to talk it up??
Input please.
Cheers Chrisv.
Two things to remember about real estate quotes in newspapers by real estate people;
1. newspapers make HUGE amounts of money from real estate advertising. Bad market, no sellers, no buyers = no ads = no money.
2. real estate agents only make money when they sell properties. If the market is bad they have no sellers, no buyers, no ads to make money out of = they make no money.
You won't hear about a bad market for very long out of these two "vested interest" parties.
LAAussie, do you think Melbourne is still in a slump and talk of increasing prices in Melbourne is just talk?