VIC Thomastown/Lalor

Discussion in 'Where to Buy' started by Rockys, 20th Jun, 2015.

Join Australia's most dynamic and respected property investment community
Page 5 of 7
  1. Luca

    Luca Well-Known Member

    Joined:
    28th Jan, 2016
    Posts:
    1,019
    Location:
    Melbourne
    Good buy, how far from the station?
     
    Luca, 21st Mar, 2016
    #81
  2. melbournian

    melbournian Well-Known Member

    Joined:
    2nd Sep, 2015
    Posts:
    3,038
    Location:
    melbourne
    Congrats it's great he has a father that is pushing him along to invest
     
    melbournian, 21st Mar, 2016
    #82
    Eleven likes this.
  3. Coota9

    Coota9 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,286
    Location:
    Melbourne
    It's his PPOR but I have made sure that he is keeping his 2 bed unit in Reservoir
     
    Coota9, 21st Mar, 2016
    #83
  4. Eleven

    Eleven Well-Known Member

    Joined:
    27th Feb, 2016
    Posts:
    49
    Location:
    Melbourne
    Great stuff, I had the same guidance from Dad when I was starting out too.

    Invest, diversify and grow.
     
    Eleven, 22nd Mar, 2016
    #84
  5. Coota9

    Coota9 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,286
    Location:
    Melbourne
    Area is more West Thomastown
     
    Coota9, 22nd Mar, 2016
    #85
  6. Coota9

    Coota9 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,286
    Location:
    Melbourne
    Property purchased buy son is now unconditional so I thought I would post details.

    Sold Price for 29 Catalina Drive, Thomastown, Vic 3074.

    Interesting to note for some reason this listing was not with a local agent but with an agent located in a premium area of Ivanhoe,son used this to his advantage with his offer.

    Believe the agent did not know this market and that's why he expected an offer prior to auction as he received numerous queries after contracts had been signed.
     
    Coota9, 27th Mar, 2016
    #86
    David Le likes this.
  7. Coota9

    Coota9 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,286
    Location:
    Melbourne
    Coota9, 4th Apr, 2016
    #87
  8. melbournian

    melbournian Well-Known Member

    Joined:
    2nd Sep, 2015
    Posts:
    3,038
    Location:
    melbourne
    yes it does went to the inspections on this one - corner block you could slice the house (seen some guys do it) and then build a townhouse with it's own frontage and the setback would be less as in 2-3 meters compared to normal block. or demo and throw 3 on it. 3 corner blocks i went to within 6-7km of this site went for 601K, 700k and 715K
     
    melbournian, 4th Apr, 2016
    #88
  9. Big Will

    Big Will Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,517
    Location:
    Melbourne, Australia
    Agree with Melbournian with the subdividable potential (with the house being demo).

    Was at the auction and the opening bid was 300k, 350, 400, 420, 440, 450, 460, 465, 475, 483, 485, 487, 488, 489, 490, 496, 497, 500, 500.5, 501.5, 505, 505.5, 510, 510.5, 520, 520.5, 525, 525.5, 530, 530.5, 535, 535.5, 540, 540.250, 545, 545.250, 550, 550.250 and 555.

    Final price was 550,000.

    One guy went up by $500 and then $250 whilst the winner kept going up $5,000 each bid without delay.

    Sorry didn't write down who was each bidder was.
     
    Big Will, 4th Apr, 2016
    #89
  10. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,853
    Location:
    My World
    I doubt there will be money doing this on this block
     
    MTR, 4th Apr, 2016
    #90
    SOULFLY3 likes this.
  11. melbournian

    melbournian Well-Known Member

    Joined:
    2nd Sep, 2015
    Posts:
    3,038
    Location:
    melbourne
    probably not in thomastown. but who knows in couple years time.
     
    melbournian, 4th Apr, 2016
    #91
  12. melbournian

    melbournian Well-Known Member

    Joined:
    2nd Sep, 2015
    Posts:
    3,038
    Location:
    melbourne
    that's a very low start price. they hsould have just start at 430-450K - otherwise it be like underquoting attractions.
     
    melbournian, 4th Apr, 2016
    #92
  13. Big Will

    Big Will Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,517
    Location:
    Melbourne, Australia
    He asked for an opening bid, you are entitled to open at what you want, I could start any auction with $1 if I wanted to.
     
    Big Will, 5th Apr, 2016
    #93
  14. Timetogolf

    Timetogolf Member

    Joined:
    12th Nov, 2015
    Posts:
    7
    Location:
    Melbourne
    Timetogolf, 17th Apr, 2016
    #94
  15. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,853
    Location:
    My World
    MTR, 17th Apr, 2016
    #95
  16. Luca

    Luca Well-Known Member

    Joined:
    28th Jan, 2016
    Posts:
    1,019
    Location:
    Melbourne
    Yep, when things start making no sense...
     
    Luca, 17th Apr, 2016
    #96
    MTR likes this.
  17. Coota9

    Coota9 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,286
    Location:
    Melbourne
    Lalor 4 Bedroom Median 540k...ouch for buyer!!
     
    Coota9, 17th Apr, 2016
    #97
  18. Timetogolf

    Timetogolf Member

    Joined:
    12th Nov, 2015
    Posts:
    7
    Location:
    Melbourne
    Timetogolf, 6th Nov, 2016
    #98
  19. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,853
    Location:
    My World
    MTR, 6th Nov, 2016
    #99
  20. Coota9

    Coota9 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,286
    Location:
    Melbourne
    Based on recent sales(3 Ardenal Street sold in August for 622k)buyers paid at least 150k above its actual value..
     
    Coota9, 6th Nov, 2016
    #100
Page 5 of 7