Hi all,
Does anyone have any knowledge of how Geelong sales have gone recently? eg say a property is advertised for between $A and $B, roughly where the range becomes the achieved price?
Thankyou
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone MeVIC Buyers' Agents for investors, home buyers & SMSFs.
I know some areas of Geelong quite well as we bought there recently.
A couple of examples:
Quoted $330k+. Sold for $370k
Quoted mid 3's. Sold for $430k
Quoted around $400k, sold for $435kGenerally if you are prepared to pay 10-15% above the quoted price, you should be in the game. Some agents quote prices more accurately than others of course.
I noticed the weekend we bought at auction (8th May), there was a number of auctions that went below what they would have gone for a few weeks earlier. I figured the interest rate rises were starting to scare people off. The numbers of people bidding also seemed to be dropping.
Let me know if you have any specific places you would like me to comment on.
Hi Benno
That's a great help – thankyou for your reply
Do you know much about the activity in Newcomb, Whittington, Corio and Norlane?Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone MeVIC Buyers' Agents for investors, home buyers & SMSFs.
I know those areas but don't have a great feel for prices there. I would say Corio and Norlane prices are going to be pretty flat over the years as it is a less desirable area.
Are you looking at an IP or PPOR?IP
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone MeVIC Buyers' Agents for investors, home buyers & SMSFs.
I think Newcomb and some parts of Whittington have better scope for growth and thats where I'd be looking.
Do you know much about the activity in Newcomb, Whittington, Corio and Norlane?You must be logged in to reply to this topic. If you don't have an account, you can register here.
