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  • AZAZL
    replied
    Originally posted by chew View Post
    Better for who?


    Not bought a new bike in years.

    well, 2...

    Leave a comment:


  • chew
    replied
    Originally posted by BJMac View Post
    Probably incomplete data pending settlements?

    Sales numbers off reiwa show slow and steady, and days on market are still up there, but there are ~1,000 less properties on the market than this time last year.

    If not frothing, one could have cause to be mildly optimistic for a better 2018.



    Sent from my SM-N950F using Tapatalk
    Better for who?

    Leave a comment:


  • BJMac
    replied
    Originally posted by chew View Post
    Buy on the first rise, sell on the first fall.

    Buy, buy, buy!!!



    What has skewed this graph?

    Higher end sales?

    Should have the salespeople frothing.
    Probably incomplete data pending settlements?

    Sales numbers off reiwa show slow and steady, and days on market are still up there, but there are ~1,000 less properties on the market than this time last year.

    If not frothing, one could have cause to be mildly optimistic for a better 2018.



    Sent from my SM-N950F using Tapatalk

    Leave a comment:


  • AZAZL
    replied
    Apartment across the road sold quickly at auction last week for 660 but the owners took a bath after buying for 700 in 2014. Comparable was the next door identical apartment 640 in 2011.

    Things are moving again if they are priced right.

    Leave a comment:


  • chew
    replied
    Buy on the first rise, sell on the first fall.

    Buy, buy, buy!!!



    What has skewed this graph?

    Higher end sales?

    Should have the salespeople frothing.

    Leave a comment:


  • BJMac
    replied
    Originally posted by shaynus View Post
    So would that be 100k for the house + 60k for 'fees & charges'?
    I would think equity of ~$130k would let you sell, buy if you wanted to avoid LMI. ($17k SD, ~$8k agent fees, and a buffer of ~$7k for part rates, water, minor repairs etc)

    Could move with substantially less, but that would likely involve LMI.

    Sent from my SM-N950F using Tapatalk

    Leave a comment:


  • BJMac
    replied
    Originally posted by shaynus View Post
    I'm wondering, how much does it cost to move house?
    Say, for argument's sake that we sell our house for $400k and buy one for $500k.
    What sort of typical costs are we looking at - agents fees (to sell), inspections, government fees, etc? Any 'hidden' costs people never think of until later? Probably wouldn't need removalists as we wouldn't be going far and that's what mates are for, right? :-)
    Agent fee is the biggest one ~$6-10k ish. IMHO a genuine good agent is worth paying for, but ymmv.

    Buyer pays stamp duty, pest and building inspection - you may have some hidden costs if anything comes up in those.

    Edit (inspections that is- not Stamp Duty! )

    Assuming the house has only been your main residence, CGT wouldn't apply (but that can be a huge hidden cost if applicable)

    Loan costs - particularly if you happen to be in a fixed rate.

    Obviously you pay for Stamp Duty on the new place - about $17k on an established $500k home, or about $7k if you build (assuming land and build at $250k each)

    ...

    Other thought to consider: obviously it's a buyer's market at the moment, although the recovery probably isn't ages away.
    If you can buy the $500k home now but hold on to the $400k property for better market conditions, you could potentially get the best of both, and that could far outweigh agent's fees etc.

    Quite a few of our clients have done just that over the past few months, but naturally you'd need to be comfortable to hold the old home as a rental.

    Sent from my SM-N950F using Tapatalk

    Leave a comment:


  • Halo_2
    replied
    Yer

    There is also talk of interest rate rise coming, something you should also consider.

    Leave a comment:


  • shaynus
    replied
    So would that be 100k for the house + 60k for 'fees & charges'?

    Leave a comment:


  • Halo_2
    replied
    Do you have lots of equity, I would estimate about 160K in debt for trading up... I’m sure someone could work it out.

    Leave a comment:


  • shaynus
    replied
    I'm wondering, how much does it cost to move house?
    Say, for argument's sake that we sell our house for $400k and buy one for $500k.
    What sort of typical costs are we looking at - agents fees (to sell), inspections, government fees, etc? Any 'hidden' costs people never think of until later? Probably wouldn't need removalists as we wouldn't be going far and that's what mates are for, right? :-)

    Leave a comment:


  • MikeL
    replied
    Originally posted by datsikk View Post
    Met a bloke recently..He had agents "looking after" his investment property. The tenants left the joint owing him 6 months rent..

    The agents did SFA about it...I wonder if the agents got their cut?
    Unlikely. My experience is that the agents take 'their cut' from the incoming rent. No incoming rent == don't get paid.
    Interestingly, when I got paid by my insurance for loss of rent after evicting a belligerent non paying tenant, the agent expected to be getting his percentage of that too.
    To be totally fair, he did do the work to get the tenant evicted, so I let it slide.
    It is only money, after all.

    Leave a comment:


  • datsikk
    replied
    Originally posted by Halo_2 View Post
    Only problem is when you get feral tenants that trash the house/not pay
    Met a bloke recently..He had agents "looking after" his investment property. The tenants left the joint owing him 6 months rent..

    The agents did SFA about it...I wonder if the agents got their cut?

    Leave a comment:


  • INTJ
    replied
    Originally posted by Halo_2 View Post
    Con:
    Trying to find someone to rent a larger house in the current economic climate.
    People are having trouble renting out a cheap house.
    I rented a place for over $400 p/w - a few caveats, it was the only one willing to do a short-term (4 month) rental and accept dogs so we couldn't be fussy. Probably overpaid by about $20

    It now rents for mid-$300's

    20% drop

    Leave a comment:


  • Prefectionist
    replied
    Originally posted by BJMac View Post
    Howdy brainstrust,

    Wondering if anyone on here is, or can recommend, a building inspector. For a new house construction handover.

    Sent from my SM-N915G using Tapatalk
    I had one of my soon to be neighbours recommend these guys.

    "Joshua Briggs

    Director
    Master Building Inspectors
    Registered Builder # 101288

    P: 1300 852 496 / M: 0415 237 273
    E: [email protected]
    W: www.masterbuildinginspectors.com.au
    PO Box 6249 Swanbourne WA 6010"

    Leave a comment:

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