Well we have dropped our house price now from 289990 to 250000 in the space of 10 weeks and only had a couple of viewings. House is only 4 years old.
Agent we are going to go with on 1st July said even the rental market is flooded cos people are going to put their homes out for rent as they cant sell.
Problem with that is they are only 3 or 6 month short lets and no guarantees of people always being in.
AND............ if no one is in home you would still have to pay percentage of council tax, buildings insurance and contents insurance plus risk burglary or squatters if it lies empty while you are on the other side of the world, oh and if you have a garden, you would need to arrange a gardener as well, so all costing you.
We was told that if we dropped to 250000 it would sell, well that is what we paid for it 4 years ago so by the time we pay our fees etc we have made a loss.
Caz
Hi Caz,
Thanks for your reply, sorry to hear that you are having problems selling, its such a fustrating time. Makes me wonder if the estate agent told you that about the rental market as they are just eager to get their commission from the sale but I also know what you mean about the house being left empty when you are in another country. It is a worry when it is empty and you are not about, i have had that experience before. At least we are moving to sunnier climes. Good luck with your new life in Oz. Best wishes pandy
The Estate Agent I am with at present which I will be dumping on July 1st rang to say someone wanted to come round today at 2pm and would we be around. I said Yes so she said I will contact the viewers and let them know. Well 2pm came and went as did 2.30pm so I rang the agents and asked where my viewers were.
Oh we forgot to ring them to confirm that it would be Ok to call round and view your home she said.
I will do that straight away and get back to you.
Well she did ring them and they called round but they have not even got their house on the market yet, what a waste of time in this climate crunch.
I was thinking that if they forgot this time, how many more times in the 10 weeks that we have been with that agent have they forgotton to arrange any viewings AAAAARRRRGGGGHHHHHH
We are in same position as you. We are currently waiting on Visa and need to sell in UK. We are also going to Brisbane - Redcliffe area.
I wouldn't worry about houses over near Brisbane, my sister lives in Queensland and says housing market is slowing down there too! Hopefully if you lose at this end, you should still be able to gain at the other end also.
Hi Everybody, I also think that the property prices in Australia will fall with the way the financial market is going. The only good thing about the Australian market is when they reduce their property price they do it in big chunks i.e. 20,000 to 50,000 dollars which is good for us here. I think if it were not for the exchange rate at the moment then we would all be happier dropping knowing that we would still be able to afford a reasonable house in Australia with less of a mortgage. I think at the moment its the whole thing i.e. our house prices, their house prices the interest rate and their high interest rates.
Anyway having said all that something will have to give soon !
I am seriously considering at the moment part-exing my home, just to open my options so that I can get to Australia quicker
just back from perth checked out suburbs. prices have slowed but not going down levelling out you might say.
eugene
Difference here is there are no small houses very little 2 beds all new builds are mostly 3 and 2 upwards but the difference in oz you buy a plot and get a builder to build on I have noticed plots are getting smaller cottage plots being the new trend they are about 280 to about 400 metres
Malx
aka Billy Nm
__________________
Here at last:jiggy:
SUFC life not a pastime I limit myself to 2 drinks a day, I`m now 10 years in front make that 15
Looking at the British press they are all saying to first time buyers "don't buy yet" which is having a negative effect on the market.....I don't miss the British press and media always looking on the negative side
Looking at the British press they are all saying to first time buyers "don't buy yet" which is having a negative effect on the market.....I don't miss the British press and media always looking on the negative side
E
Get yourself back pronto mate you could be editor of any of the papers you`ve got the perfect credentials
Malx
aka Billy 1M
__________________
Here at last:jiggy:
SUFC life not a pastime I limit myself to 2 drinks a day, I`m now 10 years in front make that 15
Is anyone really worried about this? Every day I put the news on and its in all the headlines and frightening the life out of me and husband. We put our house on the market last week and getting very worried we'll be in for a long and rocky journey. Does anyone know if oz is experiencing the same problems? If we get less for our house (that's if we can even sell it) not going to be able to afford that house we want in oz, you know the 4 bed, pool, room for a pony! ha ha Are house prices stablising/dropping in oz. We are looking Brisbane, Mango Hill, Narangba, Redland Bay etc.
Yes we are also very worried about not getting the house sold and how it will affect us in Aus, we are going to the Gold Coast and have been for a visit, My OH has kept a check on the market for renting and buying and a lot of the prices depend on the time of year we notice they are cheaper in Feb /March and Sept /Oct My Daughter and her family are in Sydney and have told us prices are slwig down just like everywhere but we are not looking for a big house with a pool etc as there is just the 2 of us but very depressed as don't know how long it will take to get a buyer and once you get your visa you just want to go but not a lot we can do but hang in there.
Hope all goes well for you
Evelyn
