Quote:
Originally Posted by FTE217
External agents yer I'm sure is a factor but the locals are quite active as well.
The WFH adjustment I feel has contributed alot as well.
Many have decided they can move out of the burbs go up the coast or InterState for more affordable purchasing/living.
Ex Pats having come home is another.
Prior to the recent price rise's, just 2/3mths ago we were actively looking to buy a investment up the central coast.
We could have but already the the pricing was going ott.
One we were interested in Avoca the agent said it was listed for just a week.
Told me he's going back to the vendor recommending him to consider 3/4 offers above their expectations.
We had similar feeback elsewhere.
At the same time my son was looking to get in with his bride to be.
We went to many open days around inner west Sydney and north.
Heaps and heaps of normal looking aussies viewing to buy.
Can't believe what people are willing to pay right now.
Both of us are holding stations, sooner or later there will be a drop.
We can wait.
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This is exactly it. The bubble WILL burst, just a matter of when. It will come down to what side of it you are on.
I can confirm that the offers over asking price is true here in SA. I have friends who are looking to buy in Middleton/Goolwa areas of SA and have had to offer more than asking to be considered, but were priced out by desperate buyers who were willing to offer more on top. Great if you are looking to sell to go smaller or retire, bad if you are trying to get a toe in on the market.