Anyone selling?

Discussion in 'Investment Strategy' started by MTR, 15th Sep, 2015.

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  1. MTR

    MTR Well-Known Member

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    I will start, just sold 2 OTP townhouses to be completed around February 2016.

    The market is strong, Melbourne market.
     
    MTR, 15th Sep, 2015
    #1
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  2. Perthguy

    Perthguy Well-Known Member

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    Yep. Our Melbourne property is to be sold in the last week of October or last week of November. I have contacted 6 agents and they are putting their proposals through now. Market is particularly strong in our area.
     
    Perthguy, 15th Sep, 2015
    #2
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  3. MTR

    MTR Well-Known Member

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    Hi P G
    Melb market is hot so hopefully you will do very well
     
    MTR, 15th Sep, 2015
    #3
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  4. Biz

    Biz Well-Known Member

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    I'm something of a property hoarder, i never sell...

    THEY ARE MINE! ALL MINE MWAHAHAHA
     
    Biz, 15th Sep, 2015
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  5. MTR

    MTR Well-Known Member

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    ...luvin it, keep them close, jealous..hehe
     
    MTR, 15th Sep, 2015
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  6. Perthguy

    Perthguy Well-Known Member

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    Yeah, the agents are very upbeat. Their price estimates are bang on what I thought. Will be nice if we can get that! :p
     
    Perthguy, 15th Sep, 2015
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  7. Sackie

    Sackie Well-Known Member

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    Why be so greedy for...........
     
    Sackie, 15th Sep, 2015
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  8. datto

    datto Well-Known Member

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    Yeah I got one, currently on cooling off. With the proceeds I intend buying and running a relaxation centre.
     
    datto, 15th Sep, 2015
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  9. Vultures

    Vultures Well-Known Member

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    Yes, just sold our Sydney property, waiting for settlement. Might have got more if we waited another 6 months...? Maybe, but everything aligned nicely for us for a sale right now and I don't want to hold out for the "peak" and end up missing it.
     
    Vultures, 16th Sep, 2015
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  10. Handyandy

    Handyandy Well-Known Member

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    Looks like I might be selling one of my USA properties.

    This is not through choice but rather through their crappy HOA (Strata) systems and they having changed the HOA rules about being able to lease properties in the precinct.

    Exploring the 1031 Exhange rules to see whether I can just roll into another property.

    Cheers
     
    Handyandy, 16th Sep, 2015
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  11. HUGH72

    HUGH72 Well-Known Member

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    Relaxation Centre? Flat screen, XBOX and a new couch? Box of KFC?:p
     
    HUGH72, 16th Sep, 2015
    #11
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  12. Phantom

    Phantom Well-Known Member

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    That's not a relaxation centre!! That's heaven. :D
     
    Phantom, 16th Sep, 2015
    #12
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  13. Banister

    Banister Member

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    Sold Melb property 2 weeks ago at auction. Sold for 90% higher than val from 2 years ago
     
    Banister, 16th Sep, 2015
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  14. DaveM

    DaveM Well-Known Member

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    Is that the one upstairs above the book and toy shop on woodpark road in smithfield industrial park?

    But no I am building not selling.
     
    DaveM, 16th Sep, 2015
    #14
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  15. 158

    158 Well-Known Member

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    Sounds stressful.

    pinkboy
     
    158, 16th Sep, 2015
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  16. devank

    devank Well-Known Member

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    Sold one in Western Sydney last month but bought in Brisbane & S.A with the proceeds.
     
    devank, 16th Sep, 2015
    #16
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  17. twobobsworth

    twobobsworth Well-Known Member

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    Always thinking, how far will Sydney drop, how long will it remain stagnant, what is a satisfactory return after disposal costs...
     
    twobobsworth, 16th Sep, 2015
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  18. beachgurl

    beachgurl Well-Known Member

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    I might be selling a new build in Nth Brissie on completion in a month or so. Would be great to keep but not sure I need a negatively geared property at this point.
     
    beachgurl, 16th Sep, 2015
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  19. MTR

    MTR Well-Known Member

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    Thanks for sharing
    Interesting like more info on this, will contact you. Hope its not going to effect me as well, I have a few under this system.

    MTR
     
    MTR, 16th Sep, 2015
    #19
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  20. MTR

    MTR Well-Known Member

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    Negatively geared property a "dirty word", but what choice do you have if you are a developer if holding stock for projects.
     
    MTR, 16th Sep, 2015
    #20
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