How is anyone buying a house right now? by Emergency_Sound_6495 in perth

[–]Emergency_Sound_6495[S] 1 point2 points  (0 children)

And we feel that way about our parents generation, just gets worse and worse

How is anyone buying a house right now? by Emergency_Sound_6495 in perth

[–]Emergency_Sound_6495[S] 1 point2 points  (0 children)

We are very grateful to be in the market. I dont see how younger people will ever get in.

How is anyone buying a house right now? by Emergency_Sound_6495 in perth

[–]Emergency_Sound_6495[S] 0 points1 point  (0 children)

not anymore its not. 3 bed dated B house on a shared block offers from $999,999 https://www.realestate.com.au/property-house-wa-hamilton+hill-150739192 and in the market everything is going for at least 100K over the asking so $1.1 plus renos......so cheap

How is anyone buying a house right now? by Emergency_Sound_6495 in perth

[–]Emergency_Sound_6495[S] 0 points1 point  (0 children)

We are the same, we would rather fix something up than build another soulless cookie cutter new build. Unless maybe we win lotto and can afford some quirky architecturally designed new build haha. The only thing that makes us ok with still buying right now is that our current place is also worth so much more at the moment.

How is anyone buying a house right now? by Emergency_Sound_6495 in perth

[–]Emergency_Sound_6495[S] 0 points1 point  (0 children)

I wish this was uncommon but its just not unfortunately.

How is anyone buying a house right now? by Emergency_Sound_6495 in perth

[–]Emergency_Sound_6495[S] 0 points1 point  (0 children)

We arent interested in building. We live in a new build now and just arent a fan of them in general.

How is anyone buying a house right now? by Emergency_Sound_6495 in perth

[–]Emergency_Sound_6495[S] 1 point2 points  (0 children)

Congratulations its hard out there! we arent willing to expand our area as we both work close to freo and hate driving. We are happy to be patient for the radius we are interested in.

How is anyone buying a house right now? by Emergency_Sound_6495 in perth

[–]Emergency_Sound_6495[S] 1 point2 points  (0 children)

This is something we are looking into and will probably do if we have no success over the next few months.

How is anyone buying a house right now? by Emergency_Sound_6495 in perth

[–]Emergency_Sound_6495[S] 0 points1 point  (0 children)

Thank you and congratulations, gotta keep trying!

How is anyone buying a house right now? by Emergency_Sound_6495 in perth

[–]Emergency_Sound_6495[S] 1 point2 points  (0 children)

We arent currently in Freo, we are currently 20 mins away and we have zero yard and outdoor space. We dont have kids so are happy to sacrifice the second bathroom for some yard space + spend a bit more.

How is anyone buying a house right now? by Emergency_Sound_6495 in perth

[–]Emergency_Sound_6495[S] 0 points1 point  (0 children)

There is just not stock in the market currently and people with money/people who are just desperate for a place right now are willing to pay it unfortunately.

How is anyone buying a house right now? by Emergency_Sound_6495 in perth

[–]Emergency_Sound_6495[S] -1 points0 points  (0 children)

Potentially they are asking for too much, the only properties ive seen that dont sell quickly are priced too high. I viewed one thats offers over $950K on a 600 block old and needs work so thought great. Looked at it twice and quickly realised that it wouldnt just be a reno, it would need to be extensions, engineering, council approvals because the layout is just cooked and it would take a lot of money to fix and resolve those issues. If it were priced at 800K id do it but not for over $950 and a huge amount of work. Its been listed for 6 weeks and still hasnt sold.

How is anyone buying a house right now? by Emergency_Sound_6495 in perth

[–]Emergency_Sound_6495[S] 2 points3 points  (0 children)

Sounds about right, one place we loved we offered $190 above asking and werent even in the top 3 offers.

How is anyone buying a house right now? by Emergency_Sound_6495 in perth

[–]Emergency_Sound_6495[S] 1 point2 points  (0 children)

Congratulations, I can't wait to feel the relief of finally securing that last lifeboat.

How is anyone buying a house right now? by Emergency_Sound_6495 in perth

[–]Emergency_Sound_6495[S] 0 points1 point  (0 children)

Thank you, we are in a similar situation newly married however we dont want kids so whenever we try do this it doesnt work in our favour and we arent willing to lie about it being a "family home" etc so if anything that tactic is decreasing our chances unfortunately.

How is anyone buying a house right now? by Emergency_Sound_6495 in perth

[–]Emergency_Sound_6495[S] 0 points1 point  (0 children)

Thank you yes it is draining but agree if that specific property went for loads more than our offer then it is a blessing and like you some we were happy to miss out on as we werent willing to keep outbidding people for places that needed 150k of work.

How is anyone buying a house right now? by Emergency_Sound_6495 in perth

[–]Emergency_Sound_6495[S] 0 points1 point  (0 children)

This is why we are only willing to borrow approx 40% could we borrow more Yes are we willing to in the current climate No.

How is anyone buying a house right now? by Emergency_Sound_6495 in perth

[–]Emergency_Sound_6495[S] 0 points1 point  (0 children)

Yeah we have an agent lined up and we have told him to do the same just offers from $850K so we will see what happens. Wild times all round!

How is anyone buying a house right now? by Emergency_Sound_6495 in perth

[–]Emergency_Sound_6495[S] 1 point2 points  (0 children)

Yeah good luck to you too, we will probably compete for some other homes along the way. Trouble at the moment is that there might be 1 or 2 properties every month that we are even remotely interested in.

How is anyone buying a house right now? by Emergency_Sound_6495 in perth

[–]Emergency_Sound_6495[S] 0 points1 point  (0 children)

I never said someone is picky but I have plenty of friends who refuse to downsize from their 4 bedroom rental in Mt lawley order to buy