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aussieboy

Postcard From The Market

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As previously posted, we're in a chain. Buying for utility not for profit (despite bricks and morter being a better long term investment than my pension as discussed previously ad nauseam) so am quite happy to ride out any slump over the short / medium term. However, in this chain, it looks like most of the properties have received offers (obviously no closed sales yet) over the asking price, probably due to the silly sealed bid process that others in the chain have had to go through.

Looks like the market is still moving...

Edited by aussieboy

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As previously posted, we're in a chain. Buying for utility not for profit (despite bricks and morter being a better long term investment than my pension as discussed previously ad nauseam) so am quite happy to ride out any slump over the medium / long term. However, in this chain, it looks like most of the properties have received offers (obviously no closed sales yet) over the asking price, probably due to the silly sealed bid process that others in the chain have had to go through.

Looks like the market is still moving...

phew! care to say where you are? oh and you dont mind a slump over medium to long term? eh?

Edited by theChuz

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phew! care to say where you are? oh and you dont mind a slump over medium to long term? eh?

As long as it is a better long term investment than his pension.... I'm assuming he's referring to the enjoyment he'll receive from the property.

Is it normal to get detailed info on the bidding processes further down the chain?

btp

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phew! care to say where you are? oh and you dont mind a slump over medium to long term? eh?

Good point (edited). Location is South Yorks: nice four bedroom place in decent area for <200k. Not sure where else in England you can do that these days.

BTW WRT Sydney, mixed messages. The house next door to mine in the Eastern Burbs sold 10 months ago for 30% more than we paid for ours four years ago. Friends sold a unit on Moore Park Road in Dec last year, a place not known for a lack of supply of units, and had a bidding war. On the other hand, heard a few less positive stories from areas west of the city. Market seems very patchy.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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