NSW Sydney taking a pounding

Discussion in 'Where to Buy' started by mtooler, 4th Nov, 2018.

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  1. mtooler

    mtooler Well-Known Member

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    mtooler, 4th Nov, 2018
    #1
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  2. TMNT

    TMNT Well-Known Member

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    How about choosing one of the 1,588,578 other threads saying the same thing and positing in that???
     
    TMNT, 4th Nov, 2018
    #2
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  3. TMNT

    TMNT Well-Known Member

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    "After the gavel fell, the agents managed to get the bidder up to $1.67 million, but it was still a way off the $1.75 million reserve."

    1.67m bid with 1.75m reserve, $80k difference is "way off"???????

    Author is an idiot
     
    TMNT, 4th Nov, 2018
    #3
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  4. Casteller

    Casteller Well-Known Member

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    Still seems way too much for a suburban place like that so far from the coast
     
    Casteller, 5th Nov, 2018
    #4
    mtooler likes this.
  5. Gockie

    Gockie Life is good ☺️ Premium Member

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    The family paid only 5000 pounds for it originally.

    Ps. Now that it has been made into an article, I think they'll get good money for it. It's advertising.
     
    Gockie, 5th Nov, 2018
    #5
  6. kierank

    kierank Well-Known Member

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    What absolute crap!!!

    The results of one auction/sale does not dictate how property in a city is going.

    I go to auctions regularly in Brisbane every Saturday. I was at one last month with 6 registered bidders.

    The property was passed in at $2.0M. Apparently the reserve was $3.2M. Shortfall of $1.2M.

    I did NOT leave thinking “Brisbane is taking A pounding”.
     
    kierank, 5th Nov, 2018
    #6
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  7. Westie

    Westie Well-Known Member

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    I reckon all these threads about house prices dropping are being started by the same person with different usernames. What purpose does it serve other than some sorta self-gratification or something?

    Mods - can you not delete such threads or club them into a - bought at peak/naysayers thread - or the like thread?
     
    Westie, 5th Nov, 2018
    #7
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  8. hammer

    hammer Well-Known Member

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    I don't think this one is, (@mtooler is moving to Darwin) but I suspect a lot of them are.
     
    hammer, 5th Nov, 2018
    #8
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  9. bumskins

    bumskins Well-Known Member

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    bumskins, 5th Nov, 2018
    #9
  10. TMNT

    TMNT Well-Known Member

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    Wow $60k off reserve

    Thats even more "way off"
     
    TMNT, 7th Nov, 2018
    #10
  11. mtooler

    mtooler Well-Known Member

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    Wow some seriously upset posters in here lol, guessing they lost some money in the Sydney property market?
     
    mtooler, 7th Nov, 2018
    #11
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  12. dabbler

    dabbler Well-Known Member

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    There is a lot of threads on Syd, but hey, he did not write the article.....

    People used to pump the positive, surely the negative has to be allowed ?
     
    dabbler, 7th Nov, 2018
    #12
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  13. Cookieman100

    Cookieman100 New Member

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    I attended 4 auctions in North Ryde area today. All houses. All passed in. The first one had only 1 bid of $ 1M. (100k below vendor bid). The other three had no bids at all. Even the last one had no one registered.
     
    Cookieman100, 10th Nov, 2018
    #13
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  14. dabbler

    dabbler Well-Known Member

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    The auction performance has been poor for some time, many vendors may still think they do not have to meet the market, or not sell ? Maybe agents are still not telling them the full story.
     
    dabbler, 11th Nov, 2018
    #14
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  15. Angel

    Angel Well-Known Member

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    They inherited the property, ie it was free. They rewired, repainted and polished the floors. What, $20K?

    Dummy-spit.

    They can be happy that their family home isn't in any other city where it would have sold for even less.
     
    Angel, 11th Nov, 2018
    #15
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  16. Jello_B

    Jello_B Well-Known Member

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    Heartbroken I can’t get my free $1.7M. They are the ‘garbage’.
     
    Jello_B, 11th Nov, 2018
    #16
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