Anyone waiting to sell?

Discussion in 'Investment Strategy' started by JL1, 7th Jun, 2021.

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Do you want to sell but are withholding while the is rising?

  1. No - my investments are long term plays. I avoid selling.

    13 vote(s)
    41.9%

  2. Yes - i have a property i want to sell but I'm riding the wave.

    18 vote(s)
    58.1%

  3. Neither - I am trying to sell now.

    0 vote(s)
    0.0%
  1. JL1

    JL1 Well-Known Member

    Joined:
    24th Dec, 2016
    Posts:
    1,134
    Location:
    Australia
    Do you want to sell but are withholding while the is rising?

    I for one have at least one property that i had plans to sell around 2020/21, but given the current market i am withholding for the time being.

    Keen to know how many others are in a similar boat
     
    JL1, 7th Jun, 2021
    #1
  2. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,058
    Location:
    Vaucluse, Sydney.
    I have sold and a couple more sales to go. Putting most of the capital from sales into commercial ventures, most recent a shopping centre. 9% yeild, 7 year term, good CG upside.

    Also bought a gut and reno luxury apartment to do up.
     
    Last edited: 7th Jun, 2021
    Sackie, 7th Jun, 2021
    #2
    oracle, craigc, The Y-man and 2 others like this.
  3. Stoffo

    Stoffo Well-Known Member

    Joined:
    14th Jul, 2016
    Posts:
    5,328
    Location:
    In the Tweed
    Am waiting till early Spring now :cool:
    Market will ease/stagnate over winter
    Should be a good uplift to be had as the weather gets warmer :D
    Will base next sale on perceived valuation then ;)
     
    Stoffo, 7th Jun, 2021
    #3
  4. Firefly99

    Firefly99 Well-Known Member

    Joined:
    24th Jul, 2020
    Posts:
    1,732
    Location:
    Qld
    I’m tempted to. Not sure… I either need to sell now or wait at least 5 years as I’m about to go non-resident and don’t want to sell as a non-resident (due to insane tax rates).
     
    Firefly99, 7th Jun, 2021
    #4
    JL1 likes this.
  5. thunderstrike888

    thunderstrike888 Well-Known Member

    Joined:
    6th Jan, 2021
    Posts:
    2,018
    Location:
    Sydney
    I'm NOT selling a single house. Going to ride the wave completely and even when it settles down I doubt we'll ever see prices below what we saw sub 2017 peak.

    Been reading everywhere that this is the boom of all booms anyone has ever experienced. The conditions currently at play have never been so aligned and working together to support insane house prices.

    Smiling every single article I read about how crazy Sydney and Brisbane is. :)

    What might change is the early retirement plan. If it keeps going crazy like it is its going to move my retirement much much earlier.
     
    thunderstrike888, 7th Jun, 2021
    #5
    Heinz57 likes this.
  6. Frenchie

    Frenchie Well-Known Member

    Joined:
    12th Feb, 2020
    Posts:
    324
    Location:
    Melbourne
    I am selling a lemon. Good time, people don't do due diligence.
     
    Frenchie, 7th Jun, 2021
    #6
    See Change, JL1, Shazz@ and 3 others like this.
  7. Rowan

    Rowan Well-Known Member

    Joined:
    14th Nov, 2016
    Posts:
    93
    Location:
    Sydney
    Selling a house, my goal is to consolidate all investments into the best PPOR possible in the next couple of years..
     
    Rowan, 7th Jun, 2021
    #7
  8. MGVP

    MGVP Member

    Joined:
    30th May, 2019
    Posts:
    24
    Location:
    MELBOURNE
    Selling one this month and putting the money in other ventures.
     
    MGVP, 7th Jun, 2021
    #8
  9. Chabs

    Chabs Well-Known Member

    Joined:
    24th Jun, 2015
    Posts:
    577
    Location:
    Sydney
    Seriously considering selling something I’d consider overvalued .. to chase a development opportunity elsewhere.

    getting strong déjà vu with the current market and the 02-04 market, when houses in Kellyville were going for 750k, and then tanked to 450k..

    now land in kellyville is going over 1m, without houses on the parcel!

    you can still read up the chats on Somersoft...
     
    Chabs, 7th Jun, 2021
    #9
    JL1 likes this.
  10. Owlet

    Owlet Well-Known Member

    Joined:
    25th Jun, 2015
    Posts:
    757
    Location:
    VIC
    Considering selling.
    The main reason is the changes to Vic tenancy rules.
    Prices are currently good - so may be a time to sell and pay off the ones we plan to keep??? This is 5 years earlier than we had planned.
    Alternatively where else can the profits be invested?
     
    Owlet, 13th Jun, 2021
    #10