Thanks ever to the SMH Punsters for our blog title and one of the few articles to highlight the problems we've been seeing on the ground. We keep reading that realtors are telling us now is the time to buy... but is it really? Really?
Over the past 4 months, us lowly first home buyers have been feverishly attending every open house inspection in sight, and keeping track of the auction and private treaty results, only to find houses quickly slipping through our fingers as quickly as they're listed, for mind-boggling sums way over reserve prices, seemingly all just to cash in on a measly $14000 first home owner's grant. Don't people know better than to pay retail?!
As we continue our search, with the first home owner's grant's end nearly in sight, we'll try to keep track of what you'd actually be paying for in a house in our part of the inner west, compared to the prices people are actually paying, in terms of location, land size, renovations, rooms, etc. Hopefully the more information out there, the less panic and confusion there will be and the better for all the rest of us.
This is mainly to help us research and keep notes on houses we might want to buy, but feel free to weigh in on what you kind of information you'd be interested in seeing.
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