Milosyd Posted July 27 Share Posted July 27 I am looking at prices of 2 bed flats to rent or buy in sydney, Mosman, Manly or Freshwater and I wondered if the advertised price(when there is one) is accurate? So if a house is for sale for say 1.5 million aus dollars but going to Auction, will it likely go for much more or around that? Similarly for renting, do they tend to go for advertised price or above? Thinking about moving over from London but hard to tell if we will be better off or not! Quote Link to comment Share on other sites More sharing options...
Ausvisitor Posted July 28 Share Posted July 28 The last Sydney auction I went to was a 2 bed apartment in marrickville. Guide price 850k, it sold for 1.45m That wasn't an anomaly, Sydney guide prices are about 500k out from reality Quote Link to comment Share on other sites More sharing options...
Toots Posted July 28 Share Posted July 28 38 minutes ago, Ausvisitor said: The last Sydney auction I went to was a 2 bed apartment in marrickville. Guide price 850k, it sold for 1.45m That wasn't an anomaly, Sydney guide prices are about 500k out from reality Yes and going by your experience in Marrickville I dare say Manly and Mosman would be even more expensive. Freshwater possibly too. Quote Link to comment Share on other sites More sharing options...
Skani Posted July 28 Share Posted July 28 14 hours ago, Milosyd said: I am looking at prices of 2 bed flats to rent or buy in sydney, Mosman, Manly or Freshwater and I wondered if the advertised price(when there is one) is accurate? There are a couple of websites which show the actual sold price - if the real estate agent publishes it. One of these is Onthehouse.com.au: Your Home for Property Research You can search for "Sold" in the suburbs in which you are interested and hope there are enough disclosed sale prices to be informative. I'm not sure what the legal situation is re rentals in NSW. In some states I believe it is illegal to offer or accept rent above the advertised price but I don't know whether this applies - or is observed - in New South Wales. Quote Link to comment Share on other sites More sharing options...
altymatt Posted July 28 Share Posted July 28 Auction guide prices are usually way below the seller's reserve. Agents do this to get as many prospective buyers to attend. Private treaty sales sometimes have an advertised price, or you can contact the agent to as them. Rentals go for the advertised price - there is no bidding. However, there is a shortage of good rental properties, so expect to be competing with several other appicants. Quote Link to comment Share on other sites More sharing options...
Marisawright Posted July 28 Share Posted July 28 20 hours ago, Milosyd said: Similarly for renting, do they tend to go for advertised price or above? Thinking about moving over from London but hard to tell if we will be better off or not! Others have answered the buying question. As for renting -- it's illegal for real estate agents in NSW to "solicit a higher price from potential tenants". However, it's not illegal for you voluntarily offer a higher price, and that does happen. The most important thing to be aware of, is that the property may look nothing like the photos. Agents shamelessly photoshop the images they put on the real estate sites. They use fisheye lenses so the rooms look bigger, they change the lighting, they paint out flaws. Never ever offer to rent a place sight unseen. Always check the floorplan rather than judge the size of the flat by the photos. Check that all the rooms have windows (they're not above calling a cupboard a bedroom). Quote Link to comment Share on other sites More sharing options...
DukeNinja Posted July 29 Share Posted July 29 Researching sold prices of identical properties within the past 3 months should give you a rough idea of where the sale price will end up. However, a property is only worth how much one is willing to pay for it. A good property will almost always attract a higher price, especially if it's a multi-offer situation. I would not consider the guide price as anything but opium to attract more interest. 1 Quote Link to comment Share on other sites More sharing options...
Azzoz88 Posted August 19 Share Posted August 19 On 29/07/2024 at 11:03, DukeNinja said: Researching sold prices of identical properties within the past 3 months should give you a rough idea of where the sale price will end up. However, a property is only worth how much one is willing to pay for it. A good property will almost always attract a higher price, especially if it's a multi-offer situation. I would not consider the guide price as anything but opium to attract more interest. Hi mate can you make me a favor on how to write my CPD for ASMIRT assessment? where can i find a template? many thanks in advance? Quote Link to comment Share on other sites More sharing options...
DukeNinja Posted August 20 Share Posted August 20 Try this: https://www.ahpra.gov.au/documents/default.aspx?record=WD20%2F29828&dbid=AP&chksum=ouTF5ok7R%2FbTv6a3JfoPLw%3D%3D Quote Link to comment Share on other sites More sharing options...
Azzoz88 Posted August 20 Share Posted August 20 7 hours ago, DukeNinja said: Try this: https://www.ahpra.gov.au/documents/default.aspx?record=WD20%2F29828&dbid=AP&chksum=ouTF5ok7R%2FbTv6a3JfoPLw%3D%3D appreciate your attention the page shows me an error that the file is not found any more, here is the message content: Server error 404: Content not found Unfortunately the web page or document that you were trying to access could not be found. The item may have been moved, renamed or unpublished. Use your browser back arrow to return to the previous page. Quote Link to comment Share on other sites More sharing options...
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