(no subject)

[theducks]

Dear potential sellers of property,

A renovated 3 bedroom house in Greenwood is seemingly worth $395k (1, 2).

Given the above, despite what you may believe (or your unaffiliant and overly optimistic real estate agent), an unrenovated house a few streets away is NOT worth $390k (here). People don't pay for potential. People pay LESS because of the potential, generally by the amount it would cost to bring it up to spec, and minus a profit margin.

Sigh.

Comments

[dafwarg.livejournal.com]

It's possible that they're charging for proximity to school and park.. but yeah, looks overpriced when compared to the other 2 (both of which look really nice)

[dannipenguin.livejournal.com]

Regardless of your passive-aggressive letter they will never read, surely it is worth what someone will pay for it. Also, one of those more expensive properties is a duplex (apparently).

[theducks.livejournal.com]

Nah.. it's all too expensive, especially when compared to how much more it would cost than what we pay in rent, not even considering how much transport to and from work each day would cost us.

I was looking at prices in Melbourne and Sydney last week.. it's cheaper than here. Sigh. So depressing.

[silne.livejournal.com]

My current suburb is around the $300k mark. They're all 4 bedroom places here too and the majority have an ensuite and double garage.

Interested in living in Logan? :-)