Comments on: Memo from the bright side: Sydney real estate is booming http://www.crikey.com.au/2009/02/03/memo-from-the-bright-side-sydney-real-estate-is-booming/ now with extra source Sun, 12 Feb 2012 11:36:30 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Graeme http://www.crikey.com.au/2009/02/03/memo-from-the-bright-side-sydney-real-estate-is-booming/#comment-13041 Graeme Thu, 01 Jan 1970 10:00:00 +0000 #comment-13041 Well, he would say that, wouldn't he! Well, he would say that, wouldn’t he!

]]> By: Helene http://www.crikey.com.au/2009/02/03/memo-from-the-bright-side-sydney-real-estate-is-booming/#comment-13042 Helene Thu, 01 Jan 1970 10:00:00 +0000 #comment-13042 I'm so glad to see this piece as I thought I was going nuts! In the period of a couple of weeks I know of two Sydney properties for sale in which there has been great interest (not because they are special). One suburban family home at Thornleigh sold after the first open house at a price greater that the vendors expected. The other, a deceased estate although not advertsied as such, in Denistone is going to auction but the crowds looking at it on open days and driving by at other times, are just amazing. I’m so glad to see this piece as I thought I was going nuts! In the period of a couple of weeks I know of two Sydney properties for sale in which there has been great interest (not because they are special). One suburban family home at Thornleigh sold after the first open house at a price greater that the vendors expected. The other, a deceased estate although not advertsied as such, in Denistone is going to auction but the crowds looking at it on open days and driving by at other times, are just amazing.

]]> By: Rob http://www.crikey.com.au/2009/02/03/memo-from-the-bright-side-sydney-real-estate-is-booming/#comment-13043 Rob Thu, 01 Jan 1970 10:00:00 +0000 #comment-13043 Since when did Crikey revert to talk up tactics for Real Estate sloths? I bet Michael Chatfield hopes this is the case so that he can go back to his fat, overpaid commission bonuses & sit on his fat, overpaid over-commissioned ass in Crows Nest ! This is crap crap crap Crikey - tardy work indeed. Next we'll be hearing how hard up future traders/hedge managers direct from the market. Oh boo hoo. Since when did Crikey revert to talk up tactics for Real Estate sloths? I bet Michael Chatfield hopes this is the case so that he can go back to his fat, overpaid commission bonuses & sit on his fat, overpaid over-commissioned ass in Crows Nest ! This is crap crap crap Crikey - tardy work indeed. Next we’ll be hearing how hard up future traders/hedge managers direct from the market. Oh boo hoo.

]]> By: Timothy.Nash http://www.crikey.com.au/2009/02/03/memo-from-the-bright-side-sydney-real-estate-is-booming/#comment-13044 Timothy.Nash Thu, 01 Jan 1970 10:00:00 +0000 #comment-13044 <br /><br />Just recently my Girlfriend and I (Who live in Newcastle) have been looking into buying a house. After weeks of inspecting houses and deliberating about exactly what we want one thing has been very clear.<br /><br /> A) The market is desperate to the point of being freaky scary. (Or maybe that is normal?)<br /> <br />B)Real estate agents have no idea what is going on in the market and don't seem to communicate much with other real estate agents about whats going on.<br /><br />So should we trust Micheal the real estate agent from Sydney<br /><br />Don't think so. Just recently my Girlfriend and I (Who live in Newcastle) have been looking into buying a house. After weeks of inspecting houses and deliberating about exactly what we want one thing has been very clear.

A) The market is desperate to the point of being freaky scary. (Or maybe that is normal?)

B)Real estate agents have no idea what is going on in the market and don’t seem to communicate much with other real estate agents about whats going on.

So should we trust Micheal the real estate agent from Sydney

Don’t think so.

]]> By: Robert Simeon http://www.crikey.com.au/2009/02/03/memo-from-the-bright-side-sydney-real-estate-is-booming/#comment-13045 Robert Simeon Thu, 01 Jan 1970 10:00:00 +0000 #comment-13045 "Sydney real estate is booming" Of course it is and today's $42 billion stimulus package is actually just a dress rehersal in case things really get bad. Or possibly this is all a mirage so long as you live under an open for inspection board. Imaginations are the things that keep booming! “Sydney real estate is booming” Of course it is and today’s $42 billion stimulus package is actually just a dress rehersal in case things really get bad. Or possibly this is all a mirage so long as you live under an open for inspection board. Imaginations are the things that keep booming!

]]> By: David Sanderson http://www.crikey.com.au/2009/02/03/memo-from-the-bright-side-sydney-real-estate-is-booming/#comment-13046 David Sanderson Thu, 01 Jan 1970 10:00:00 +0000 #comment-13046 Have you ever met an agent who did not say that now, yes right now, is the perfect time to buy a house? It is a congenital condition in the real estate business and should be ignored for the self-serving tripe that it is.<br /><br />I have one question for Mr Chatfield. In 2003, at the height of the boom, were you advising buyers that the market was over-heated and they would do much better in a year or two?<br /><br />If the answer is yes then you showed extraordinary restraint in forgoing potential commissions - although your vendors would have cause to be very pissed-off. <br /><br />If the answer is no then I suggest you keep your sales patter, as outlined above, to yourself. Have you ever met an agent who did not say that now, yes right now, is the perfect time to buy a house? It is a congenital condition in the real estate business and should be ignored for the self-serving tripe that it is.

I have one question for Mr Chatfield. In 2003, at the height of the boom, were you advising buyers that the market was over-heated and they would do much better in a year or two?

If the answer is yes then you showed extraordinary restraint in forgoing potential commissions - although your vendors would have cause to be very pissed-off.

If the answer is no then I suggest you keep your sales patter, as outlined above, to yourself.

]]> By: Russell http://www.crikey.com.au/2009/02/03/memo-from-the-bright-side-sydney-real-estate-is-booming/#comment-13047 Russell Thu, 01 Jan 1970 10:00:00 +0000 #comment-13047 Keep publishing bullshit like that and I'll cancel my subscription. Keep publishing bullshit like that and I’ll cancel my subscription.

]]> By: Cate Morris http://www.crikey.com.au/2009/02/03/memo-from-the-bright-side-sydney-real-estate-is-booming/#comment-13048 Cate Morris Thu, 01 Jan 1970 10:00:00 +0000 #comment-13048 Michael that's bollocks. Westpac has been shedding its Department of Defence Housing portfolios like crack in a police raid, units in the Homebush area are as popular as hotcakes of the yellow variety and zilch is moving over on the upper North Shore with most agencies stuck with full showcases. If this is a personal or Hooker theory then you should qualify your story. Michael that’s bollocks. Westpac has been shedding its Department of Defence Housing portfolios like crack in a police raid, units in the Homebush area are as popular as hotcakes of the yellow variety and zilch is moving over on the upper North Shore with most agencies stuck with full showcases. If this is a personal or Hooker theory then you should qualify your story.

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