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RE: Embracing Mesolithicness...
I looked for 2 years and finally found the perfect place. If your in australia the market should calm down so will be easier to find a place with less competition. Keep in mind renovations can cost more than you would expect. You can use building estimate calculators to give you an idea on the costs. I decided not building my house until later in life, stressful to build and get approvals even though my job is designing houses and apartments ;) councils have become the biggest headache for most trying to build. Some councils are a joke. Over a year sometimes to give approvals now. Its amusing that some planners in council cannot read a plan to save their life.
So I have at least another year of looking is what you're saying aaaaaargh XD
Okay I changed my mind I'll keep looking x_x I'm in Australia, competition seems to be increasing with the warmer weather for some reason XD
Thanks for the advice :)
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No one knows what will happen in regards to the property market. So its opinion not advice hehe. Ive noticed in sydney prices are dropping in some areas and in my opinion 1 years time could be perfect time to buy. Just be patient. Make sure you get a building and pest inspection ;) i decided not to buy a property because there was storm water issues that would have cost atlesst 50k to rectify and electrical defects. The real estate were very pushy and criticized me for getting inspections and pulling out. I found a better home half a year later..... lol .
I think they're dropping around here too but I don't know how to read these things. I've been half-arse looking since December, we went away over Christmas and then I started looking bit more seriously halfway through January. At the present stage I've noticed some of the houses we've been looking at that haven't sold yet have either come down in price or turned into "offers" type things. Other ones are stubbornly holding out for the listed price/s but don't look in any danger of being bought anytime soon.
Silly REA, I think I would have been quicker to pull out if I was getting criticised for getting inspections done XD We're pretty undesirable buyers for most I think as we're subject to sale and prone to getting things checked out so we put up a whole pile of our own roadblocks too, they'd probably choose a different buyer if they had the choice XD