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8/8/15

Discussion in 'Investor Psychology' started by Redwood, 7th Aug, 2015.

  1. Redwood

    Redwood Well-Known Member

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    Hi everybody -

    You may sit there saying why is he posting a date?

    Well tomorrow in Melbourne and Sydney - I reckon there will be a heap of auctions killing the reserve.

    Why? eighth of the eighth.

    I know many agents that have marketed to this date and are not taking offers preparing to risk an auction and get the demand on the lucky day.

    Proof will be in the pudding, my brother has a large house at auction tomorrow in Balwyn in the 3+m range, lets see what he gets. Again, didn't take offers and let it go to auction.

    I know agents in Glen Waverley (SE Melb) are doing the same.

    Anyone got a auction tomorrow in a chinese demand suburb?

    Cheers Ivan
     
  2. HUGH72

    HUGH72 Well-Known Member

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    Sounds like a good idea with regards to the Chinese market. I know a street in Brisbane where the Chinese owners have changed their street mail box postal address for this reason.
    Now there are two number ___ in the same street!
     
  3. larrylarry

    larrylarry Well-Known Member

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    Hi Ivan

    It will be interesting for sure. My friend will attend an auction in Artarmon tomorrow. He's Asian but he doesn't believe in 8.
     
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  4. meme plecko

    meme plecko Well-Known Member

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    As previously mentioned in one of the threads, expected clearance rate is 88.8%
     
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  5. jins13

    jins13 Well-Known Member

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    I did the opposite. Have properties with the number 4.
     
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  6. Raydar

    Raydar Well-Known Member

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    Two of my groomsmen are Asian, but they have no money.
     
  7. Dan Donoghue

    Dan Donoghue Well-Known Member

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    Our neighbor who is Chinese has an open home tomorrow, hope it brings him luck, my bet was just a shave over 800 (810 maybe 815) for his 3 bed Townhouse :), be interesting to see how close I am.

    Plenty of Asian demand in Northmead :)
     
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  8. larrylarry

    larrylarry Well-Known Member

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    Nortmead is going crazy ATM.
     
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  9. Big Will

    Big Will Well-Known Member

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    I once sold a house 88 xx road, Bundoora for those who don't know Bundoora's postcode is 3088.

    Imagine selling that house at auction this weekend lol

    88 xxx Road, Bundoora 3088 on the 8/8/15 now that is LUCKY!
     
  10. Sashatheman

    Sashatheman Well-Known Member

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    I would love to see if there really will be a bump due to the number 8.
     
  11. larrylarry

    larrylarry Well-Known Member

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    http://news.domain.com.au/domain/re...is-seller-is-on-a-winner-20150807-git0qy.html

    "
    "We've got over 40 contracts out on it," Mr Goh says, most of them investors.

    "Most Asian buyers do have an affinity with the numbers so a large number of them are gunning for the lucky win on the 8th ... and down the track it will be a lucky property because they got it on the 8th."

    The feng shui, too, is right.

    "The Asian buyers appreciate the flow .... this property has all the right elements."

    He's fairly optimistic of exceeding the $795,000 price guide.

    "I don't have a crystal ball, but it might go for the $8 million, who knows," he says."

    Load of rubbish. Mr Goh is playing on emotions. No one would pay $8 million for a townhouse.
     
  12. neK

    neK Well-Known Member

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    I'm sure that was a tongue in cheek comment.
     
  13. Dan Donoghue

    Dan Donoghue Well-Known Member

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    Yeah i'm pretty happy about that I must say :p
     
  14. larrylarry

    larrylarry Well-Known Member

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    Probably. Let's see if the property will sell well. The number 8 may be a lucky number in Asian culture but I don't think Asians are reading too much into it.
     
  15. sumterrence

    sumterrence Well-Known Member

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    The average to high income Asians won't, the filthy rich asians will!!
     
  16. larrylarry

    larrylarry Well-Known Member

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    The filthy rich wouldn't buy in Carlo. Mr Goh is misguided. The filthy rich will buy in Epping or East, tear them down and build a new house (not develop into apartments) but yes build new house because they didn't like the look of a california bungalow.
     
  17. Hodge

    Hodge Well-Known Member

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    What is so special about the number 8? Why not 9? Do they also believe in the tooth fairy?
     
  18. larrylarry

    larrylarry Well-Known Member

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    It's a cultural thing. The number sounds like FA which means prosper. A lot of Asian business people like to have 8 or 6 in their phone numbers, addresses etc numerology. They avoid 4 which sounds like Die or death in mandarin or Cantonese. I guess it's a big thing for some of them. I bought a house numbered 4 last year and I was the only buyer. I'm bloody lucky you know.
     
  19. Hodge

    Hodge Well-Known Member

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    Thanks Larry Larry. Can it be a number that equals to 8 such as 62?
     
  20. larrylarry

    larrylarry Well-Known Member

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    62 doesn't sound like any Chinese word. 168 sounds like literally one road prosper, meaning prosper all the way. ;)
     
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