Post to Facebook on 18/7/2020 12:51 PM
Commenting on “Curiouser and curiouser: Alice’s new house comes complete with its own looking glass”
https://www.domain.com.au/living/curiouser-and-curiouser-alices-new-house-comes-complete-with-its-own-looking-glass-971505/
As I have mentioned at least in one of my previous posts when the announcement was made on HomeBuilder grants that the house prices would rise by what the government is to top up. Well it is proven correct.
This is also true for First Home Buyer Grant, and for the tax dodging tradespeople and restaurants that offer discount if their customers pay by cash, and not issuing receipts or receipts from a different cash register not used for daily taking.
A lesson buyers must learn is never show too much enthusiasm even they are dying to buy the items. Indifference in negotiation really "kills" the seller, because every seller has a target to meet, or else even the JobKeeper scheme can't keep them in their job for long.
A number of members have asked me whether there will be a drop in house prices and when. The answers are there all over the news. The latest report shows that housing loan has dropped by 30%, and almost 51% of mortgage holders are in mortgage stress, honeymoon period for loan deferral will soon be over, JobKeeper scheme is very likely to terminate by the end of September. You do not need a PhD in real estate to figure out the answers.
But you must remember what I have said so many times - buy within your budget, with backup savings for rainy days, and not to invest in air but land.
One more thing to reminder - be careful of newly renovated house sold by people who just make money by flipping. You are likely buying a lemon.
Thank you for reading.
Commenting on “Curiouser and curiouser: Alice’s new house comes complete with its own looking glass”
https://www.domain.com.au/living/curiouser-and-curiouser-alices-new-house-comes-complete-with-its-own-looking-glass-971505/
As I have mentioned at least in one of my previous posts when the announcement was made on HomeBuilder grants that the house prices would rise by what the government is to top up. Well it is proven correct.
This is also true for First Home Buyer Grant, and for the tax dodging tradespeople and restaurants that offer discount if their customers pay by cash, and not issuing receipts or receipts from a different cash register not used for daily taking.
A lesson buyers must learn is never show too much enthusiasm even they are dying to buy the items. Indifference in negotiation really "kills" the seller, because every seller has a target to meet, or else even the JobKeeper scheme can't keep them in their job for long.
A number of members have asked me whether there will be a drop in house prices and when. The answers are there all over the news. The latest report shows that housing loan has dropped by 30%, and almost 51% of mortgage holders are in mortgage stress, honeymoon period for loan deferral will soon be over, JobKeeper scheme is very likely to terminate by the end of September. You do not need a PhD in real estate to figure out the answers.
But you must remember what I have said so many times - buy within your budget, with backup savings for rainy days, and not to invest in air but land.
One more thing to reminder - be careful of newly renovated house sold by people who just make money by flipping. You are likely buying a lemon.
Thank you for reading.
