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.
While the credit crunch continues house prices will fall all over the world
house prices in oz are starting to fall as well they have higher interest rates than us and renting is more common anyway.
People are getting worried so will tend to stay put but the positive side of this is you may have to sell your house cheaper in uk but you will get a cheaper house in oz .
worrying times but not stopping me from moving.
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.
hi there -our house is up too and it is worrying. been waiting so long for visa ( still not got it) but then probably end up waiting for house to sell. my friend moved to perth in jan and says things are slowing there too. we're off to brisbane so hope that's the case there. doon't think there s a lot we can do about it really, houses are still selling but very slowly - good luck xx
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.
Hi, yes we are the same looking at news everyday wondering about getting a house sale. Put house up in november, feel fed up with all the negative news now. Had 5 viewers and one crap offer. Estate agents want us to reduce it again. Should we reduce it and go with less? Or wait and see? Cant believe this was our dream home and now cant wait to get rid of it! good luck to all house sellers jane
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Hi, I agree it is a worry. Its only a worry because banks have stopped or are being funny about lending to 1st time buyers, without 1st time buyers the market will stay still.......
We plan to put our house on the market when the visa application goes in, it took our neighbour 6 mths to find a buyer for there house but that was a year ago. I think if you are keen to move then you need to be realistic in your price.
I was under the impression the oz market was fairly stable. But as I don't live there yet, I probably got that totally wrong......
I wouldnt reduce it as our estate agent said if you start chipping away at the price people start to think there is something wrong with it or your desperate to sell and put in even further reduced offer. Also if you do that makes people panic into reducing their house and that also causes problems as house prices are really falling then if you get my drift and I think it will further fuel problems.
Funny cos Our agent has told us we need to reduce the price! We seem to be getting conflicting info from everywhere at the moment and it is hard to know what to do for the best. one hand we need enough equity to clear our debts and have enough to put down on a new place in perth but then if we don't sell we will be looking at forking our £5k for a validation trip! we do have a bit of equity to play with and the indications are that the prices in Oz are also coming down so it could all be swings and roundabouts!!
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Tracy & Geoff, Oliver (9) and Daisy (5), Visa applied for online 09/1/08, police checks sent 14/2/08 meds 18/1/08, finalised 11/2/08. visa granted 16/7/08
Hi all,
Dont mean to be the bearer of bad news but I've read a fair bit about house prices in Oz and from what I can tell they are still on the up. Hopefully they are slowing down compared to last year - Perth certainly is but Adelaide, Brisbane and Melbourne are all 15%+ growth in the past 12 months with more predicted although at a slower rate. I really hope you are right TheBrammies in what you are saying about the crunch affecting the world market but I am not convinced.....
hi all this doom and gloom in the media really depresses me all you hear about is no mortgages for first time buyers and very little for the ones who want to move up the ladder. we "sold" our house at the beginning of feb surveyor came out within the week and said they were getting one hell of a house for the price we were selling at ( we have only reduced 5k from the original asking price when put on market 11mnth since) still cos the buyer is first time (we know him ) and he is self employed but contracting and in long time contract he has had to literally had to give blood to prove he is who he says he is!!! hopefully he has got all his docs together after all this time so we can at least try and start to think YES! we are going tomoro!!!!! good luck and think positive xxxx
__________________ the hutchies:wubclub: visa granted 0ct 06 validated sept 07
good luck to all house sellers jane
