Is it a short term boom or Death Cat Rebound? (地產繁榮或死貓反彈?)

bungyjumping999

https://www.trademe.co.nz/Browse/Listing.aspx?id=2428828307  - Sold for 1.053 million
Location: Glenfield

This property will shed some light whether this is a short term boom or death cat rebound in 2020.

A humble suburb of Glenfield but share school zones Westlakes boys and Girls. This area is a typical working-class and considers as less classy as Forest Hill, Sunnynook areas.

During downtime (last 2 years), this property would likely sold for mid to late $800K afterall, it is 2 bedrooms with a garage converted bedroom as 3rd and some renovations and landscaping. A lot of people at the open house last Saturday, a lot of discussions and guessing around the house.

Auction this evening at 7pm. Will it push over $1.10 million? Let's take a guess.

hj_win_1

感觉1M 妥妥的，1.1M会有点难，但是可能性也蛮大的。

还是回国吧

In Chinese it's called 回光返照

bungyjumping999

还是回国吧 发表于 2019-12-16 10:20
In Chinese it's called 回光返照

Oh, English is more crude - Death Cat.  haha......

keepower

Are we experiencing stagflation? That's the right question to ask.

Lease

On Saturday, I also went to an open home on the street I live. It's cross-lease but brand new four-bedroom house. I stayed there about 15 minutes and saw around 8 group of people came to view.

I've just received a call from agent who told me the house has got offer, and asked if I'm interested in it.

Looks market has really recovered, and let's see how it goes.

bungyjumping999

Agent used other property information on the same Street to imply it can be subdivided into 4 townhouses (that is the impression i got although they are silent on that).
The downloaded it to their Harcourts files. I think is not very fair to use other people's information to boost their own property.

They used 84 Bruce Road Glenfield information, it belongs to a Chinese Owner. Using other people's information to boost one's ego? Can i say that?

I will report back the outcome of the Auction this evening at 7pm.

ybbest

这个标题党有点。。。

bungyjumping999

Lease 发表于 2019-12-16 11:17
On Saturday, I also went to an open home on the street I live. It's cross-lease but brand new four-b ...

yes, i am taken by surprise.

Initially, i thought it is drumming up, people in the trade just want to talk up the market.
It looks like some full site property is snapping up fast with momentum is set for higher prices.

bungyjumping999

Sold at $1.053 million to Tofu student

yangranwu

bungyjumping999 发表于 2019-12-16 20:22
Sold at $1.053 million to Tofu student

恩，看来好是回光返照，1.1都卖不到，买房的还是再等等，不是最好的时机

阿海

后面地不大，分割了也只能建个小房。。。

Stormwater看上去是个问题。。。。
投资角度我觉得不值。。。

shirly.

This "boundary school zone" is very likely to be kicked out of the school zone under new zoning policy. What a poor buy

yangranwu

阿海 发表于 2019-12-16 20:36
后面地不大，分割了也只能建个小房。。。

Stormwater看上去是个问题。。。。

自立门户之后就拆台老东家，不仗义呀，哈哈哈

还是回国吧

bungyjumping999 发表于 2019-12-16 20:22
Sold at $1.053 million to Tofu student

how do you tell it's Tofu student? the sifu was there? haha

bungyjumping999

还是回国吧 发表于 2019-12-16 21:14
how do you tell it's Tofu student? the sifu was there? haha

Sifu bid for the student.
Tofu master stepped in, a strategy to show don't play with me, I have money. So, small players shake heads after a few rounds.

Saw a couple of real estate agents have to hug Master to receive the master's blessing.

yangranwu

bungyjumping999 发表于 2019-12-16 21:35
Sifu bid for the student.
Tofu master stepped in, a strategy to show don't play with me, I have mo ...

So this property sold 1.07m actually because 20k paid to sifu, market not too bad ,hahahhaha

还是回国吧

bungyjumping999 发表于 2019-12-16 21:35
Sifu bid for the student.
Tofu master stepped in, a strategy to show don't play with me, I have mo ...

Hug Tofu master and rub his belly，like弥勒佛  

x-ray

师傅亲自出马的话，至少是信心保证，只会买贵不会买错，哈哈！

看看未来人家怎么操作，能学点东西。