Hi all. We are doing the paper work to purchase a house in Emu Plains. It has been soooooo hot in this whole area including Penrith, South Penrith, Emu Plains, Kingswood, Blaxland. So hard to buy. Every house we saw there were at least 10 different groups going through. Basically houses just go after the first open. And the sold price tend to be around 20 to 50k higher then asking price guide. It takes a lot of gut to buy at this time of the cycle and at this high competition among buyers. But we have to buy because we are going to move there in the next 3 or 4 years. Chances of losing or winning is 50/50 (too high rick to my taste). But because we are going to hold it for long term so it should be ok hopefully.
Just wonder anyone here on the same boat.
Cheers
Just wonder anyone here on the same boat.
Cheers