That guy's not going to be able to sell that property for that amount in the current climate, I'd guess.
Based on recent observation, the cash-ins of six to twelve months ago seem to be well and truly over. Most stuff like that is taking months to shift, and going at well below the first ad's valuation. I mean, it's not like that's a mansion.
"Now of course, we'd be fine, at $380k, but not $665k."
Yeah, there was a place on Hampden Rd in Freo that was exactly the same for us ... three or four months after we got our first mortgage we could've afforded it comfortably, but it had gone by then.
no subject
Based on recent observation, the cash-ins of six to twelve months ago seem to be well and truly over. Most stuff like that is taking months to shift, and going at well below the first ad's valuation. I mean, it's not like that's a mansion.
"Now of course, we'd be fine, at $380k, but not $665k."
Yeah, there was a place on Hampden Rd in Freo that was exactly the same for us ... three or four months after we got our first mortgage we could've afforded it comfortably, but it had gone by then.