THIS is my dream home. It is perfect for everything my partner and I need, in terms of practicalities AND that "feeling" I need in order to be blissfully happy in a property. Ahhhhh *basking in the glow of property-love*
http://www.realestate.com.au/property-unit-qld-mermaid+waters-109075316
Tragically, however, right now it is priced at $370,000. This is too high for us. We have not sold our own place yet, but based on other similar property sales in our area, we would expect to get around $320,000 and HOPE to get $330,000 - $340,000 at the most.
Does anyone here have any opinion (educated or not, lol) on whether the current price of $370,000 for this beloved property of our's is reasonable? I think it's at the high end for the street...Duet Drive is considered to be a bit of an undesirable street. We have never liked it, however this particular block is within the first third of the street. Any further and it begins to feel like you're walking forever (we don't drive). Also you tend to get a lot of cars parked all over the nature strips, and not so nice looking, very cheap rental properties with tenants that do not care about looking after them.
Apparently the median unit price for Mermaid Waters is $275,000 (or thereabouts). So obviously this is significantly higher than that, but that result is also skewed by the many expensive units in the better streets of that suburb as well as (mostly) by the large number of incredibly cheap and small units in the suburb (which is a large suburb).
In our experience, water-side properties in this street go for around $330,000 - $350,000. Non water-side maybe $270,000 - $320,000, depending how nice they are.
Other streets nearby (that don't have the "Duet Drive stigma"), water-side properties go for around $360,000+. But not always.
Any thoughts?
Edit - I also do not care who sees this post, like the agent or sellers or the property we love. I don't care who knows we love it. We WOULD pay the full asking price if we could. We don't care. We just WANT IT. So...yep. lol
http://www.realestate.com.au/property-unit-qld-mermaid+waters-109075316
Tragically, however, right now it is priced at $370,000. This is too high for us. We have not sold our own place yet, but based on other similar property sales in our area, we would expect to get around $320,000 and HOPE to get $330,000 - $340,000 at the most.
Does anyone here have any opinion (educated or not, lol) on whether the current price of $370,000 for this beloved property of our's is reasonable? I think it's at the high end for the street...Duet Drive is considered to be a bit of an undesirable street. We have never liked it, however this particular block is within the first third of the street. Any further and it begins to feel like you're walking forever (we don't drive). Also you tend to get a lot of cars parked all over the nature strips, and not so nice looking, very cheap rental properties with tenants that do not care about looking after them.
Apparently the median unit price for Mermaid Waters is $275,000 (or thereabouts). So obviously this is significantly higher than that, but that result is also skewed by the many expensive units in the better streets of that suburb as well as (mostly) by the large number of incredibly cheap and small units in the suburb (which is a large suburb).
In our experience, water-side properties in this street go for around $330,000 - $350,000. Non water-side maybe $270,000 - $320,000, depending how nice they are.
Other streets nearby (that don't have the "Duet Drive stigma"), water-side properties go for around $360,000+. But not always.
Any thoughts?
Edit - I also do not care who sees this post, like the agent or sellers or the property we love. I don't care who knows we love it. We WOULD pay the full asking price if we could. We don't care. We just WANT IT. So...yep. lol