fed up's Profile
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- Australian property (39 posts)
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Topics I've Started
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Police home invasion
21 November 2011 - 02:29 PM
Was taking a well earned painting break on the balcony of my apartment tonight and turned around to find 3 men in my living room. Two police and the security guard for my apartment block. They were looking for someone who had formally lived in my apartment (it has been vacant for 9 months and I have owned it for 6). The front door was unlocked so they just let themselves in. I had a calling card from them on Sat night and had called the station on Sunday to explain the circumstances. Yet they still made an unauthorised entry and had previously gone through my mail box. WTF I feel a bit violated. I am about to rent the place to a single young mum exec from Europe. How would she have felt if the same had happened to her? -
Bought a property last week
01 June 2011 - 02:22 PM
Despite the fact that I am extremely bearish on all things financial I did buy a property last week. I know you are probably thinking that is completely nuts but I found the perfect apartment for our situation and interestingly I could tell there was not one other buyer. Consequently, I was able to negotiate down as opposed to up and this has never before happened in the last 5 years or so that I have been looking for apartments. We wanted large and for that size you are usually looking at a penthouse but this was less than half the price of a penthouse so I grabbed it. I have well and truly done my homework.
Maybe it is just inner city Melbourne, but I can see the market is definitely falling off a cliff, big time. The opens are not attended and agents are actually treating you like a human being. My mother (super sleuth granny) has been watching the apartment opposite her. She has strategically placed a leaf in the doorway (don't you love it!) and it has not moved in weeks despite the fact that the place has been for sale all that time.
I have been struggling with the decision because I know the market is going down big time, but it was right for us and no mortgage so I can live with it. Also, I was a bit uncomfortable with all that cash sitting in the bank of which I am distrustful. I think we are in for unprecedented times and I am still completely unsure about how things will pan out, despite an economics background and extensive reading on the subject.
Anyway take from this what you will.
cheers

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