QLD Park Ridge QLD 4125 is now in the top 10 list of fastest growing suburbs in QLD !!!

Whoah, ur selling it already? Have you considered if u will even make a profit after u consider...
Initial stamp duty costs
Initial purchasing costs
Holding costs
Repurchasing costs of the replacement home
Stamp duty of the replacement costs

Crazy... go away and do ur maths again. Go aim to buy both, but selling this one to rebuy a replacement one is just nuts.

Do you realize extracting equity doesn't mean "selling and buying something else" ?

 

Tea Cozy
Time to buy in Coomera?

 

Take it the tenant didn't want to renew...

 

To be brutally frank, you would be better of buying another nearby IMO, putting money into Syd now will be def doing some dough for a period of time, unless you are making it home.

QLD in that area and closer to Bris has the potential to keep climbing.

NSW in and around Sydney has the potential to stall & fall.

I do not know what you paid all up, but you wont make 70k profit IMO.

 

If the build cost is roughly 100k all up I think he's good for the 70k profit after cost. The only concern I've got here is the lot size being a bit small for my like.

 

This is bait advertising for sure. Have seen the same thing going on in Toowoomba. It's the land only! No way you can buy a 4/2/2 for 210k even on 400m2. It's purely to generate enquiry.

 

I have saved the property on RE, interested to see the outcome.

 

Yep agree 100%. If you can get me a house like that in Park Ridge 4/2/2 tell me now. I'll pay for it cash.

Its bait or either it was jointly owned and one of the owners bought out the other and this will reflect the lowered price.

 

@Foxdan, yes I am selling the Park Ridge IP because I have seen in the news that the property growth in QLD has slowingdown.

I guess, I must jump off the ship before it is sinking down.

I have calculated, as at the moment if the price is higher than $32,500 I can still break event, anything lower than that will means a loss for me.

I appreciate your suggestion and the time for you to express your concerns on me mate.

 

@dabbler well, not sure where about to buy in QLD at this time.
since I am living in Sydney area, I might as well look for something to invest or maybe live in.

I know that it would be great to have $70k but yes, I must admit, that I need to recoup at least $32.5k to break event and cover the holding cost.

Thanks for the suggestion.

 

@sumterrence yes, in total the H&L package was $300k back then in 2015.

Hopefully someone kind enough to buy it for above or at least exact to the asking price.

 

@Richard if that sounds illegal, maybe we can report it to the governing body to teach them a lesson perhaps ?

 

@eletronic_exp0430 cool, I was shocked to see that price . I thought the QLD market has tanked already.

 

How much did you advertise it for?

 

Are you getting much interest in your property @Tekoz ?

 

Crazy. All your doing is generating sales commissions and stamp duty and taking on significant financial risk for no gain.
Your not property investing, your property trading.
If it was a good deal 12 months ago, how can it suddenly be a bad investment 12 months later.

Go take it off the market, sit back for 15 yrs and then decide if it all time to offload it.

Nuts

 

@Tekoz I strongly urge you to delete this post and all reposting with this post's contents. Asks the mods to help you. It is in your best interest to do so asap mate.

 

I mentioned to the agent for $369.9k is that a make sense / realistic price ?
because I can't get any financing from the CBA anymore to find better deals in NSW.

 

omg you do know your on a public forum with this information... on a property your currently trying to sell...wtf.. am I missing something...

 

Can't say that at the moment.
But the most important thing is, just one highest bidder to score some small profit.