Selling harbor view apartment in Sydney's blue chip area

Discussion in 'The Buying & Selling Process' started by Sackie, 29th Jul, 2021.

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  1. Sackie

    Sackie Well-Known Member

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    Getting ready to list an apartment in one of Sydney's highest end blue chip suburbs.

    What: 2, 1 , 1 (lock up garage). Harbor and water views.
    When: Next few weeks. Just getting the final touches ready now that lockdown restrictions for renovations is eased.
    Selling method: 'auction' by highest offer at a certain date. Then get the top 3 offers to bid against each other.

    Will update progress, market interest/sentiment as it unfolds.
     
    wylie, Gen-Y, Colin Rice and 2 others like this.
  2. spoon

    spoon Well-Known Member

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    @Sackie You makes the ATO happy... Wishing you a well over reserved price... :D
     
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  3. skater

    skater Well-Known Member

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    Looking forward to some photos.
     
  4. Sackie

    Sackie Well-Known Member

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    Would love to but then privacy is out the window. Really wanted to post my Brisbane development sales photos, but privacy trumps all. :)
     
  5. Sackie

    Sackie Well-Known Member

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    I'm never afraid to pay tax if it fits into my overall goals. The Australian system has enabled me to grow a very large portfolio and live a lifestyle I am happy with. I have no issue giving back where appropriate ;)
     
    Last edited: 29th Jul, 2021
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  6. skater

    skater Well-Known Member

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    Nah, privacy is overrated. :)
     
  7. Sackie

    Sackie Well-Known Member

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    Tell the Mrs that! :D
     
  8. skater

    skater Well-Known Member

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    Ahhh, penny dropped. It's PPOR, not an IP?
     
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  9. Sackie

    Sackie Well-Known Member

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    No its an IP. But its very easy to find out personal information about someone from their IPs.
     
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  10. skater

    skater Well-Known Member

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    Call me naïve, but I don't understand.
     
  11. Trainee

    Trainee Well-Known Member

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    title search, council searches.
     
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  12. skater

    skater Well-Known Member

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    Fair enough, but sheesh, that's a whole lot of effort to find out some information about someone you possibly don't even know.
     
  13. Sackie

    Sackie Well-Known Member

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    Not everyone on here is decent.
     
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  14. skater

    skater Well-Known Member

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    Granted! Take any group of people & you'll always get a sub-set that are less than ideal, but the thing is, that most here are knowledgeable enough that even if they DID go to that effort, surely they'd realise that some contributors have other entities, so they could never really ascertain the full details of anybody else's portfolio.
     
  15. Sackie

    Sackie Well-Known Member

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    More wanting to keep family names, phone numbers etc private..... especially when considering it doesn't just affect me but others too. It's very easy to find these things out which is why most on here don't even post any details of their deals etc because they know many different characters lurk on line. I think it's reasonable for people to want some degree of privacy.
     
    Last edited: 29th Jul, 2021
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  16. skater

    skater Well-Known Member

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    I'm often happy to post photos, as photos usually can't equate to addresses which can give access to more information. Plus, our investing is only myself & Hubby. We don't have any other family interests involved. Not even the kids.

    I'm not one to say things like "I've got 26 IPs. Look how great I am". I've seen those kind of posts, many times, and the mind boggles as to why anyone would do that. When asked how many I've got, or what my net worth is, I'll usually say something like "Oh, I've got a few now" and/or "enough".
     
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  17. unicorntears

    unicorntears Well-Known Member

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    If it's any consolation, IDGAF about you, I just love seeing case studies and before and afters. ;)
     
  18. Colin Rice

    Colin Rice Mortgage Broker Business Member

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    That is a very clever reframe of which is essentially no one else's business, will use.
     
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  19. skater

    skater Well-Known Member

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    We tend to be a target for people asking how many properties we have, due mainly, I think, because we have a 'few', and they tend to be lower cost, higher yield properties. This used to happen moreso in the past, back in SS days when there were more investors around investing in the same type of property. In order to get any meaningful yield, so you can live off of them, you basically have to 'go hard, or go home'. Which is what we did.

    Although we held more than the average investor in number of properties, we're not anywhere in the same league as some who only have few, very expensive properties and have very high earnings, so number of properties is extremely misleading.
     
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  20. Gen-Y

    Gen-Y Well-Known Member

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    Woohoo.. you are on a roll.
    Keep them coming. LOL
     
  21. Sackie

    Sackie Well-Known Member

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    Market sentiment is extremely interesting. I had just listed a property on the market when COVID-19 broke out not long after. People were all low balling, interest was so bad. Which is understandable. I rented it and held. Fast forward to present time and I sold that property for a record price WHILST COVID-19 was much worse than when it first broke out.

    People have already digested covid and dont care anymore, hence market psychology did a 180 even though COVID-19 is much worse now. Market sentiment can sometimes change so rapidly for or against you.