{"id":12970,"date":"2018-06-06T05:57:03","date_gmt":"2018-06-05T19:57:03","guid":{"rendered":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/?p=12970"},"modified":"2018-06-12T09:53:18","modified_gmt":"2018-06-11T23:53:18","slug":"buying-and-selling-at-the-right-time","status":"publish","type":"post","link":"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/real-estate\/buying-and-selling-at-the-right-time\/","title":{"rendered":"Buying and selling at the right time"},"content":{"rendered":"

Many believe that the \u201cprofit\u201d on real estate is made in the acquisition, not the sale. In reality, it\u2019s both.<\/strong><\/p>\n

Buying and selling at the right time will both make a difference to the equation. Of course, if you are moving to a similar property in a similar area, any capital growth may well be absorbed with the new purchase.<\/p>\n

However, the right decision made years ago can deliver a real bonus, especially for those seeking to downsize.<\/p>\n

In the September 2007 quarter, the median price of a house in regional Victoria was a then record of $264,500.<\/p>\n

Then followed a change of federal government, and the Global Financial Crisis, which caused great anxiety.<\/p>\n

The median price in regional Victoria did fall, but just 18 months later, it bounced to a new all-time high of $267,500 in the March 2009 quarter.<\/p>\n

So how has the market performed since then?<\/p>\n

In the March 2018 quarter, the median house price was $404,000 in regional Victoria, an increase of 51 per cent over the nine years.<\/p>\n

Some locations have performed considerably better. The house median sale price in Geelong West rose nearly 117 per cent to $685,000, while Newtown\u2019s latest median of $757,000 is 111 per cent higher than nine years ago. Medians in Highton and Belmont nearly doubled.<\/p>\n

Across the City of Greater Geelong, there was an increase beyond 64 per cent, reflecting the increasing popularity of the state\u2019s second city.<\/p>\n

The median lift in the City of Ballarat exceeded 43 per cent, with the strongest growth in Ballarat Central, with a median house price of $422,500, up 83.7 per cent. Wendouree saw a boost of around 40 per cent. Bendigo was the strongest performer in its region, surging 40 per cent to over $340,000.<\/p>\n

Gamblers say that \u201cone can\u2019t eat odds\u201d. Nor can one eat percentages. But those who purchased at the then-record median high nine years ago, and have been paying down a mortgage, are likely in a strong position to dine out well should they choose to sell.<\/p>\n

For more information on median prices, head to reiv.com.au\/market-insights.<\/p>\n","protected":false},"excerpt":{"rendered":"

Many believe that the \u201cprofit\u201d on real estate is made in the acquisition, not the sale. In reality, it\u2019s both. Buying and selling at the right time will both make a difference to the equation. Of course, if you are moving to a similar property in a similar area, any capital growth may well be […]<\/p>\n

Read More…<\/a><\/p>\n","protected":false},"author":54,"featured_media":5253,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[29],"tags":[],"post_folder":[],"class_list":["post-12970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"acf":[],"yoast_head":"\nBuying and selling at the right time - Surf Coast Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timesnewsgroup.com.au\/surfcoasttimes\/real-estate\/buying-and-selling-at-the-right-time\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buying and selling at the right time - Surf Coast Times\" \/>\n<meta property=\"og:description\" content=\"Many believe that the \u201cprofit\u201d on real estate is made in the acquisition, not the sale. 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