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House Prices - Adelaide

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    House prices have fallen a few people have put there house up for auction only to be passed in the clearance rate is about 25% just now. A few people have put there houses on the market at unrealistic prices that they might have got a couple of years ago if they were lucky at the top of the boom, but are still sitting there 3-4 months later Its definite a buyers market out there just now land sales are slow as well not as many houses are being build.

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    Houses priced realistically are still selling - our neighbours sold recently for instance at the higher end of the market, but they were sensible about the price they were asking, and took a good offer when it was made. As anywhere though, house selling is a very emotional thing and the houses that aren't selling are probably those where the owners think their house is "worth" a certain amount, whereis in reality, as house is only really worth what someone is prepared to pay for it. You can definitely make a lower offer for a place here and might be lucky, particularly if the vendor is keen to move quickly or has already found a place they want to buy, so make sure you have done your research thoroughly on what other houses in the area are selling for, and decide what a particular house is worth to you, then stick to that when making our offer.

     

    HTH

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    Guest Rachael Reeve

    If you can get some good deals that means we may be able to drop our price down because we come over in March and it would be nice to sell before then!:wink:

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    In 2011 house prices dropped around 5-6% (depends on which stats you look at), units (flats) dropped less. House prices here peaked in 2010, so from peak they have dropped 8-9%. Despite attempts by the media to convince people that they are about to start rising again, the trend is still downwards.

     

    See http://www.whocrashedtheeconomy.com/

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