Market change

Viewing 6 posts - 1 through 6 (of 6 total)

comdom
Participant
@comdom
Join Date: 2003
Post Count: 92
November 18, 2003 - 1:46 am
Just spoke to a realestate agent in my home town Albany Creek (Northside Brisbane 12km from city )and
enquired about 3 bedroom house offers over $280000
started at $315000.The agent told me that the market has really changed and their are a lot less buyers,rent has also dropped they are paying $210 per week (long term tennants 7 years).I am not sure how much it would have gone at peak time say 3 to 6 months ago but i think this is a good indication of a falling market.Any similar stories.
Dom[]
jcfreak
Member
@jcfreak
Join Date: 2003
Post Count: 2
November 18, 2003 - 3:49 am
I am also in Albany Creek. If you want to touch base please let me know.
Just spoke to a realestate agent in my home town Albany Creek (Northside Brisbane 12km from city )and
enquired about 3 bedroom house offers over $280000
started at $315000.The agent told me that the market has really changed and their are a lot less buyers,rent has also dropped they are paying $210 per week (long term tennants 7 years).I am not sure how much it would have gone at peak time say 3 to 6 months ago but i think this is a good indication of a falling market.Any similar stories.
Dom[]
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comdom
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@comdom
Join Date: 2003
Post Count: 92
November 18, 2003 - 4:24 am
Hi,
Jcfreak have you any properties in albany creek?
Dom[]
ActToday
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@acttoday
Join Date: 2003
Post Count: 232
November 18, 2003 - 8:13 am
My Agent in Armadale W.Aust. says prices are falling and numbers sold have dramatically dropped in the past two weeks. They again have properties on the books instead of everything selling within a week.
Comsol
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@comsol
Join Date: 2003
Post Count: 38
November 18, 2003 - 9:56 am
Hi Judith,
Are you able to recommend your agent in Armadale. I am in Perth and Armadale is one of the areas I had highlighted to check out. If prices have started dopping there I would like to keep in touch with it.
Cheers,
David []
OPM – use Other People’s Money and learn from Other People’s Mistakes
[email protected]
enduser
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@enduser
Join Date: 2003
Post Count: 74
November 18, 2003 - 1:55 pm
Several agents in the South Yarra, Elsternwick and Prahran areas have told me that the market is flat, or even a little down now. Note last weekend’s auction clearance rates were in the 50%+ range!
Time to cash up and wait for the bargains to appear. Apparently in Melbourne are a group of investors who can’t wait for Docklands to crash so that they can buy in at bargain prices and hold.