Property Thread revisted

[kindred]

I wonder why the property market in South Austarlia is so screwed and when will it rectify???

 

[NightFallTech]

Its because 'Austarlia' is a fictional place where kualas, kongaroos and willabys live.

 

[KungFooGoo]

I bought my first at 21 also when i was earning the princely sum of 28k per year. I bought for 197k and sold for 370k and really wish i hadnt. I have my 2nd under construction at the moment - will cost about 335k.

Hopefully one day i have a large collection of houses.

What the fuck? l think we need to have a little chat... KFG has already talked to a property nerd burger but he seemed un interested / and or a little sleezy and douchebaggy. l think a few pointers from man of wing could steer me in the right direction.

 

[wingman]

What the fuck? l think we need to have a little chat... KFG has already talked to a property nerd burger but he seemed un interested / and or a little sleezy and douchebaggy. l think a few pointers from man of wing could steer me in the right direction.

You know where to find me (im still in your dungeon )

 

[walt]

You know where to find me (im still in your dungeon )

how many kids did kfg give you?

 

[wingman]

how many kids did kfg give you?

None with him since he's male.
Unsure on the figure with the general perth / adelaide female populace, could be millions.

 

[walt]

None with him since he's male.
Unsure on the figure with the general perth / adelaide female populace, could be millions.

your a male?

asif

 

[wingman]

your a male?

asif

Check your inbox, can prove it.

 

[walt]

Check your inbox, can prove it.

im waiting

 

[0ni]

I own a 7 acre property with 4 bedrooms and 3 bathrooms
I'm in ur country
Stealin ur jobs
an ur properties
sleepin with ur women
u mad

 

[wingman]

I own a 7 acre property with 4 bedrooms and 3 bathrooms
I'm in ur country
Stealin ur jobs
an ur properties
sleepin with ur women
u mad

You're in the armpit of South Australia, it's worth $5.

 

[oz_dude]

You're in the armpit of South Australia, it's worth $5.

Loled so efffing hard at that comment right now. OP I just put my house on the market in South Australia (i currently live in QLD) your lucky your in this situation in SA and not some other state where you couldnt buy a cubby house for $200,000 as the higher house prices would have lost you a lot more.

I can only suggest what has already been suggested and thats if you already havnt done it drop the loan to interest only repayments i did this 2 months ago (at a cost of $500) but it gives you some more wiggle room to get through the hard times. Also you should check if your payments are in advance at all so you could put your payments on hold if your struggling that bad, but just remember the payments will add back on to your loan and interest will need to be paid again on this amount... One other suggestion is rent the house out (to reputable tenants) get a depreciation report done on the property and claim against it while you live in a cheap unit and build some cash flow up. If your near a university rent it out per room as you generally get more money then renting it out as a whole house..... Also are you a handyman at all? if so you would be surprised what some fresh paint and cheap landscaping can add to the value of your house for work that can be done by yourself for next to nothing...

 

[uzaiir]

I bought a house at $230,000 from the government as part of an initiative designed to supply people on a low income with affordable housing. I now need to sell the house but due to the problems with the housing market it is now worth $200,000. My question is this. What the fuck am I going to do! I have had the house on the market for almost 4 months now and the highest offer was $200,000. I owe the bank $218,000 and the realestate company will cost me $5,000 as their fee for selling the house. So the lowest I can sell the house for is $223,000. I have lowered the price range to $226,000 to $229,000. I'm reluctant to lower it a second time as I'm affraid people will keep watching it expecting it to lower and lower. Should I lower the price to $218,000 and then take out a personal loan to pay the estate agent? I can't let the house out and wait for the market to rectify because I need a place to live myself. I had boarders living in it but they trashed the place and stole from me the ****s, so I wont do that again. Am I fucked without hope? Can anyone think of something that may help?

Property is a vital asset that can significantly impact your financial future. Whether you're looking to rent, own, or sell in NY, understanding the market dynamics is crucial for making informed decisions. The right approach can lead to successful investments and long-term wealth.