Now, thats risky....
Why is that risky? Do you think it's better that I pay 25% above what the place is worth just to get one? I don't think so, Tim! I have several options available to me, I'm just deciding which one to take.
Mark
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Now, thats risky....
Why is that risky? Do you think it's better that I pay 25% above what the place is worth just to get one? I don't think so, Tim! I have several options available to me, I'm just deciding which one to take.
Mark
how old was it??? 350k actually sounds a little cheap unless its a real oldie...
Alderley and surrounds are doing some bizarre things with prices at the moment.
had some t/houses in Aldereley itself end of last year - brand new 3 bed city views top class finish etc...all for high $400k's and now in Ev Park/Mcdowall border i can sell you a pre-construction 3 bed unit for $599k... couple of years back that was unheard of.
its all gone mad
2 bed units in Kedron are asking 300+ now... /quote]
bugger!!!
I made a flogging off them last year when 250-260k was top dollar...maybe i should've kept playing in there...
actually thinking about it, you're dead right - we sold a new two bedder in stafford for 349k a couple of months back and i remember thinking that was high - so over 300k for a 2bed in a 6pack is not all that surprising - especially if its in the avenues...
[/I]I think a large chunk of that 9.5% would have come from the first 6 months of 2007.
I wonder if the bank would take that into account as I'm getting valuations done atm to get finance.
Ah, but what would ANOTHER Bank value it at? If they want your business, it may well be a more reasonable valuation (based on current comps - rather than "history")I couldn't get the bank to revalue mine when we refinance, even though there was a $60k prices rise.
I couldn't get the bank to revalue mine when we refinance, even though there was a $60k prices rise.
I'm just hoping my houses will hurry up and get built so I can get rid of 2 of them to take advantage of the rising market.