This further complicates my situation, I'm about to buy an apartment, frustrating as Gold presents such a rare opportunity, while property prices are indeed massively overinflated, even a family relative of mine who's a real estate agent advised me to offer at least 10% less than the asking price is very reasonable.
In Perth there's a massive oversupply of apartments, established/newly finished and still in construction/off the plan.
For personal reasons I need to get an apartment asap (better for my sanity which my better judgement tells me this is the ultimate priority) yet the dilemma is also that I could wait for the crash (not if but when) but then inflation could be a b*tch.
Anyway not seeking advice as I have sought this already but just putting my thoughts out there as Gold and Property are on my mind few times a day nowadays!
On another relevant note, it just bewilders me how slack selling agents are in Perth .. they know there's massive oversupply, there are lots of genuine buyers yet prices are so disproportionately OTT and these selling agents show no appetite/hunger to work for a sale. My impression is they've had it so easy for a while that foreign investors just rock up with a wad of cash and now you ask an agent for simple answers (that anyone applying due diligence would do) and they're caught off guard. Anyway my 2c worth of rambling, the quicker I get that apartment at a good price, the sooner I can get back to putting more into BDR
BDR Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
