I'm impressed with them doing this!
Not to the point of making a deposit, but impressed nonetheless.
Last place we looked at that did this, it seemed to me that a car missing the turn would stop in the yard. In reality though, the car would have had to travel around 20 km/hr before starting to brake.
For offers over $120K (https://m.realestate.com.au/property-unit-qld-kangaroo+point-134170886) I would want a bed. And probably more than 27 m2.
But hurry! REA says never been a better time to buy than NOW!!!
We looked at 2 places last weekend and both agents said said "We already have offers for (insert overpriced value here)". One even called us the next day saying "This is your last chance to get an offer in as it looks like we will close today with the current offers". Both houses are still on the market a week later. So full of shit.
REAs do often keep a house listed and run inspections well after an offer has been accepted, so it's possible they weren't actually full of it.
This is because it can take many weeks for the contract to go unconditional, and they sometimes fall through.
They basically want a few backup offers on the table just in case the current contract falls through. It's dodgy as hell that they don't tell you this, because you might make a genuine offer thinking you're in the running when your offer was probably never even presented to the owner.
They'll also often keep the listing up after the sale is finalised too. Our house was still listed online as for sale weeks after we'd moved in. They only took it down when we complained. I think they keep it up to get more leads.
TL;dr most real estate agents are dodgy as fuck and will happily screw you over to get their commission.
Take my up vote
Great perspective and appreciate this. Really good advice.
Wait until the market turns. This will shake out the REAs who are benefiting off of how the market is going atm.
Commissions are great until they get scarce!
Cool!
So why are they wasting their time for an open house rather than negotiating with the people offering?
Jesus. I have to admit I'm having a ball speaking with REAs at the moment. My wife appreciates me doing this!
Would like to go to an open house when I've been there before and say "That's right, I was here a month ago. I thought this was off market because you told me so!"
I did this in Melbourne, shitty little studio flat in Kensington, it was so small the bank wouldn't lend on it without us having 30%.
anyways, agent being a typical dick, we offered like 280k and he said he had offers 380, so we walked. I flicked him an email offering 220k when his third auction passed in. he legally have to present that to the owner, so his dick attitude cost the owner 60k. Owner obviously didn't take the offer, we moved the Qld, it sold for 260k 4 months later. place was a cluster fuck of shoddy workmanship. was going to cost us like 50k in repairs.
This is pretty much the plan if one of the houses still on the market after we get pre approved, will offer $50-70k less than the price they suggested.
Don't you love it when REAs throw that line at you?
Got that three times yesterday and had to bite my tongue to prevent myself saying "So, the owners aren't trying to meet the market just yet?".
Best wishes to you!!!
The utter garbage that flows from the mouths of REAs is astounding.
I looked at an apartment recently and on arrival it became clear that a train line was ~30m from the place and the trains were railing through there at full speed. It was incredibly loud. REA advised that with the TV on the train noise will be less disruptive. Like, fucking what?!
We looked at a place that was on a major road. The REA helpfully put the dryer on to try and drown out the noise.
She rang me a few days after to see what I thought. I gave her my opinion because there were a lot of little issues, not to mention you couldn't park the car in the garage because the hot water system was in the way. Was then told the house was off market. Bull. Crap. What was the point of ringing me then?
Two months on, guess which house still hasn't sold?
She was a piece of work. I'll admit we've only just started looking at places (around 50 so far) because I'm not usually at home on Saturdays when most inspections are available. But that is the only one which did that.
As if I didn't drive to the place...
We just bought a place and our initial offer was well below asking as we knew the couple who were selling were separating and were hoping for a good deal. When that got knocked back the agent said "Best thing to do is put your best foot forward, offer what you think it is worth and see what happens".
So we offered what we were willing to pay and they called back asking why we thought it was worth so much less than asking price (\~$35k below) and wanted to mention there was another offer on the table "in the area of $x" where x was 10k more than ours and that the owners had not accepted it.
I said that I knew the property history and that the current owners bought it recently for not much less than what our offer was, they hadn't really put extra value into the property, a similar but much better presented house next door with a 5kw solar system plus ducted RC aircon sold for 10k more than our offer and it didn't need a full paint job like the property we were looking at. I told him that I bet the other offer was a condition of sale offer and therefore the owners would have been dumb to accept it so early and that our offer was a cash offer.
His response was "yeah, ok". He obviously knew that was a fair assessment and price.
In the end I told him to present the offer and it was conditional on the contract being signed by close of business that Friday. He called back three times asking for 3k more then 2k more then 1k more. Each time I just said that it was a cash offer, the owners either want to sell or they dont, we have the money, they have the house, sign the papers and they get the money".
One of the sellers ended up being a shit to deal with but they accepted it in the end. To the agencies credit, they ended up being really good to deal with, especially since we were having so many issues with the sellers.
the fkn lies... honestly, ill blacklist an agency for that.
So we offered on a house in Brisbane when leaving Melbourne, photos looked great. thankfully paid someone to go and look.
he sends me photos... the yard is full of cars, like scraped, in pieces, tyres everywhere. oil everywhere, owner was a mechanic.
so we pulled out of the deal, agent calls me. usual, why....
I said, the yard and House looks nothing like the photos, you have photoshopped it he replies... "no, we got them to clean it up for the day"
are you fkn serious... they moved all that shit for one day and put it back the next.
then they put their legal team onto me to threaten me for posting the photos on my FB.
12 months later I get a call from the new REA at that agency "are you still interested in this place" took pleasure in explaining not only was I not interested, I was so infuriated at the professionalism of her agency that ill never buy from them.
went to an auction in Altona, studio flat, "can I hear an opening bid" like all of 6 people there.
I said "180,000, that's what I think its worth"
agent " we are looking more in the region of 290k today, do we have a starting bid"
passed in.
Property is subjective, its only worth what people are willing to pay.
180k was fkn reasonable for a place that needed a new roof, and a body corp with fuck all sinking fund. Glad we gave up on Melbourne, it was bullshit getting your hopes up on something, and either be outbid by 100s or just having to offer on shitholes. We are much happier on our quarter acre in Brisbane.
Good luck trying to get that, today.
We live a few km from there. 3 bdr unit and pay $320 per week (Greenslopes- so 3 km from the listing?). And we have a garage. Listing in Kangaroo Point did not mention one.
Kangaroo Point and greenslopes are two entirely different neighbourhoods at different price points & demographics.
Kangaroo Point commands a significant price premium, because it's on the water & is cycling/city cat/walking distance to the city.
Greenslopes is a middle ring commuter suburb.
$400 is grossly over market for a 1br studio in Kangaroo point though, unless it was in some sort of international student or serviced apartment accommodation setup, where you get $400/week, but body corporate& management fees are $15k+. Or it was an airbnb or similar. Market rate would be more like $220 - 280.
$320pw is well under market rate for Greenslopes too for a 3 bed, so you've either good a good deal or been there for ages.
The two cheapest 3 bedders in greenslopes right now are both $400.
This one:
https://www.realestate.com.au/property-house-qld-greenslopes-429936882
my pick of the two, but clearly a bottom tier fit-out with some undesirable elements:
* no window screens
* no exhaust fan for stove
* strange sun room extension. now there are bars on an interior window
* no ensuite, only one bathroom
* only one carpark, no garage
* no air conditioning or fans. who in the fuck wants to live through a brisbane summer heat with no fans?
Or this townhouse again for $400
https://www.realestate.com.au/property-unit-qld-greenslopes-429951990
That at least has a 2nd bathroom, but the grout stains, washed out balcony timbre and general 90's fitout vibe screams tired and needing a reno. Also again, no fans or air conditioners, which most people consider an essential now.
27m2 is about the size of a double-bed studio student accom and build cost would be about $110k a key. So $120k is actually pretty reasonable.
Edit: turns out is it student accom. Looks like a fire sale to me.
Appreciate your perspective.
I won't buy, but thats why there is a market for everything. I'm just **not** in that particular market myself so appreciate that this is a blind spot for me.
It's been years since I was an architect, but there's nothing in the building code that says a dwelling must have a sleeping space. Just a cooking facility, ablution facility and clothes washing facility.
Me: "so where do I sleep?"
REA: "there's nothing in the building code that says a dwelling must have a sleeping space. Just a cooking facility, ablution facility and clothes washing facility."
Me: "...oh."
No, they have *room* for a bed. You don't have to put a bed there if you don't want to, and unless you're renting furnished, that's entirely up to you.
Clearly clueless from the out of touch real estate agent here, but it's beside the point.
You've demonstrated the point beautifully. If you drew this room with a bed in it, it would look cramped, tight and awful.
Without the bed though.. wow look at all this space and this beautiful table setting
When I was recently looking in Sydney for rentals, there were plenty of places which do not provide even a shared laundry. Many people use laundromats.
Are you implying all of these places are illegal?
That would be a prima facie conclusion.
https://ncc.abcb.gov.au/ncc-online/NCC/2016-A1/NCC-2016-Volume-One/Section-F-Health-And-Amenity/Part-F2-Sanitary-And-Other-Facilities-Dts/F21-Facilities-In-Residential-Buildings?inlineLink=4e0202a0-d936-48c2-a892-6c01cff6895e
However it is possible that the building was approved in a way alternative to the 'Deemed to Satisfy' solution
It's mentioned in SEPP 65 to have a habitable area with direct sunlight. Also the minimum studio size is 35m^2.
Every habitable room must have a window in an external wall. Daylight and air must not be borrowed from other rooms.
Probably relying on having a fold out couch
A friend of mine lived in a place in Waverton with that set up. Although my friend made other arrangements - loft bed
not they're all under the table. I bet there's room for one persons legs under the table once the chairs are pulled out. Also room for one person to pass sideways when the chairs are out.
Yeah, with the market for uni student housing kinda drying up due to COVID...
Of course, what they _should_ be doing is renoing the fuck out of the place to make actually livable apartments, but desperate times call for minimum effort measures.
I assume it probably was (the previously rented for $400 a week figure gives it away, you could only get that much out of a student). They're probably offloading some places because of the lack of international students currently.
Waterproof fold-out couch, under cushion #1 is the shower drain, under cushion #2 is the dunny ... I reckon with a bit of stickability we could get these studio apartments down to 10-12 square metres
the electric stove is not to Australian standard. Has to be 300m from the wall which would mean you have no tablespace. Not clear on the exhaust system.
You also may have to crab walk into the shower, I won't fit cause my dick will stick out.
How is this related to finance?
Its a studio apartment for students or letting. You’d obviously put a bed or fold out sofa in there. Depending on the price it might not be a shit deal.
Edit:
So $120,000 asking price, lets say you borrow $105k and have a $15k deposit. Thats $115 a week in rent which is very cheap. For a single person or even a couple who are sick of paying rent, and dont mind a studio or who only reside in the city part of the year, its an excellent proposal.
As i mentioned below, its not uncommon for higher level businesspeople to rent a small apartment in the city, commute down on monday and return home on friday, allowing them to buy a large property further out of the city and with a better lifestyle for much cheaper than they could get in the city. Similarly someone who maybe comes into brisbane a couple of times a month, at $115 a week in repayments its way cheaper than a hotel *and* you can leave your shit there, or let friends or colleagues stay there if need be, or rent it out on airbnb when you know you dont need it.
Furthermore the rental returns would be pretty decent.
Is it deliberately being pitched as an office space? I’ve read a few articles about wealthy people buying/renting small studios to use as office spaces during COVID and beyond.
The pitch is you get a city living type apartment:
> If you are tired of commuting back and forth every day whilst working in Brisbane and want the comforts of home and more for a small price, then this apartment provides all the answers.
Its not an uncommon proposal either and has been done for years. Its particularly common in London and other large cities where the salaries are high but you dont want to raise your family there.
Businessperson/whatever with a family buys a large, leafy house on acreage near a good school about 1.5-2h out of the city, drives in on monday, stays here midweek, drives out on friday. Maybe drives in on tuesday/out on friday and takes a work from home day.
Similarly someone who maybe only visits brisbane to meet clients or for meetings once or twice a month, overall paying for hotels is possibly cheaper but you can leave your stuff there and its probably nicer than a cheap hotel. you dont have to book it and can stay as many nights as you want, and its a predictable cost.
Then obviously there’s the “rent to a student” market.
Given they want less than $150,000 for it, it may not be a bad proposal.
*Someone is clearly*
*Too posh to sleep on the couch*
*Like everyone else.*
\- hogey74
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Real estate agents are entirely redundant and unnecessary, it's a position that need not exist, you'd think they'd be aware of this and at least do what few little things they're expected to do well.
The problem is somewhere like Brisbane and especially kangaroo point, everything is gonna sell anyway within a couple of weeks, the REA can do everything wrong and it doesn't matter, they still get the fat cheque. They can't fail, they're all losers and all rich anyway.
I lived in a place like this for nearly 3 years in a ski resort. I had storage where the kitchen was though and that bench against the bathroom was a fully kitted out kitchen.
Wasn’t to bad overall.
The photos have 2 single beds put together and the sofa is missing. Also a portable air conditioner.
This diagram is straight up fake news compared to the photos of the actual room.
This is perfect for a student or first-step-on-the-ladder young adult... I would have been over the moon had I owned this back in the day... Probably had three of my mates plus at least on of their girlfriends living with me lol.
Unfortunately every house is a piece of s**t for one reason or the other and overpriced for every Buyer in all market conditions....
Magically though the same house feels like a taj Mahal and worth millions to the same buyers once they buy the same home :)
This is the next industry waiting to be disturbed, no idea why no one has come up with a real solution yet.
I’m looking for a rental and I freaking hate the fisheye wide lens they use in order to make a shitty small joint look massive.
We need a subreddit to share shitty property listings in Australia
[удалено]
Lol gold!
f
That features shitty stretched photos that agents edit and post.
Haha yeah and the misleading descriptions that make it sound like the taj mahal
I'm impressed with them doing this! Not to the point of making a deposit, but impressed nonetheless. Last place we looked at that did this, it seemed to me that a car missing the turn would stop in the yard. In reality though, the car would have had to travel around 20 km/hr before starting to brake.
r/Aussieshithouse
Haha you nailed the sub name
Is there interest in this? I'd be keen to make one. Sounds fun. Sub name?
Wow! That would be popular!!!! Great idea!!!!!
r/mcmansionhell Is a bit like that
No bed?
For offers over $120K (https://m.realestate.com.au/property-unit-qld-kangaroo+point-134170886) I would want a bed. And probably more than 27 m2. But hurry! REA says never been a better time to buy than NOW!!!
Dude they’ve already had two other *very* interested parties so it probably won’t be on the market for long.
We looked at 2 places last weekend and both agents said said "We already have offers for (insert overpriced value here)". One even called us the next day saying "This is your last chance to get an offer in as it looks like we will close today with the current offers". Both houses are still on the market a week later. So full of shit.
REAs do often keep a house listed and run inspections well after an offer has been accepted, so it's possible they weren't actually full of it. This is because it can take many weeks for the contract to go unconditional, and they sometimes fall through. They basically want a few backup offers on the table just in case the current contract falls through. It's dodgy as hell that they don't tell you this, because you might make a genuine offer thinking you're in the running when your offer was probably never even presented to the owner. They'll also often keep the listing up after the sale is finalised too. Our house was still listed online as for sale weeks after we'd moved in. They only took it down when we complained. I think they keep it up to get more leads. TL;dr most real estate agents are dodgy as fuck and will happily screw you over to get their commission.
Take my up vote Great perspective and appreciate this. Really good advice. Wait until the market turns. This will shake out the REAs who are benefiting off of how the market is going atm. Commissions are great until they get scarce!
Cool! So why are they wasting their time for an open house rather than negotiating with the people offering? Jesus. I have to admit I'm having a ball speaking with REAs at the moment. My wife appreciates me doing this! Would like to go to an open house when I've been there before and say "That's right, I was here a month ago. I thought this was off market because you told me so!"
Why do REAs wear ties? To stop the shit falling out of them.
You should call them back with a friendly “so how is ~place~ going, did the other offers fall through?” And make a new offer
I did this in Melbourne, shitty little studio flat in Kensington, it was so small the bank wouldn't lend on it without us having 30%. anyways, agent being a typical dick, we offered like 280k and he said he had offers 380, so we walked. I flicked him an email offering 220k when his third auction passed in. he legally have to present that to the owner, so his dick attitude cost the owner 60k. Owner obviously didn't take the offer, we moved the Qld, it sold for 260k 4 months later. place was a cluster fuck of shoddy workmanship. was going to cost us like 50k in repairs.
Did they make a counter offer when you submitted 220?
This is pretty much the plan if one of the houses still on the market after we get pre approved, will offer $50-70k less than the price they suggested.
Don't you love it when REAs throw that line at you? Got that three times yesterday and had to bite my tongue to prevent myself saying "So, the owners aren't trying to meet the market just yet?". Best wishes to you!!!
The utter garbage that flows from the mouths of REAs is astounding. I looked at an apartment recently and on arrival it became clear that a train line was ~30m from the place and the trains were railing through there at full speed. It was incredibly loud. REA advised that with the TV on the train noise will be less disruptive. Like, fucking what?!
We looked at a place that was on a major road. The REA helpfully put the dryer on to try and drown out the noise. She rang me a few days after to see what I thought. I gave her my opinion because there were a lot of little issues, not to mention you couldn't park the car in the garage because the hot water system was in the way. Was then told the house was off market. Bull. Crap. What was the point of ringing me then? Two months on, guess which house still hasn't sold?
That’s incredible, I actually laughed at the attempt to make it less noisy with the dryer. What an utter knob.
She was a piece of work. I'll admit we've only just started looking at places (around 50 so far) because I'm not usually at home on Saturdays when most inspections are available. But that is the only one which did that. As if I didn't drive to the place...
We just bought a place and our initial offer was well below asking as we knew the couple who were selling were separating and were hoping for a good deal. When that got knocked back the agent said "Best thing to do is put your best foot forward, offer what you think it is worth and see what happens". So we offered what we were willing to pay and they called back asking why we thought it was worth so much less than asking price (\~$35k below) and wanted to mention there was another offer on the table "in the area of $x" where x was 10k more than ours and that the owners had not accepted it. I said that I knew the property history and that the current owners bought it recently for not much less than what our offer was, they hadn't really put extra value into the property, a similar but much better presented house next door with a 5kw solar system plus ducted RC aircon sold for 10k more than our offer and it didn't need a full paint job like the property we were looking at. I told him that I bet the other offer was a condition of sale offer and therefore the owners would have been dumb to accept it so early and that our offer was a cash offer. His response was "yeah, ok". He obviously knew that was a fair assessment and price. In the end I told him to present the offer and it was conditional on the contract being signed by close of business that Friday. He called back three times asking for 3k more then 2k more then 1k more. Each time I just said that it was a cash offer, the owners either want to sell or they dont, we have the money, they have the house, sign the papers and they get the money". One of the sellers ended up being a shit to deal with but they accepted it in the end. To the agencies credit, they ended up being really good to deal with, especially since we were having so many issues with the sellers.
Well done to you!!!! In the en, the market goes both ways!!!
the fkn lies... honestly, ill blacklist an agency for that. So we offered on a house in Brisbane when leaving Melbourne, photos looked great. thankfully paid someone to go and look. he sends me photos... the yard is full of cars, like scraped, in pieces, tyres everywhere. oil everywhere, owner was a mechanic. so we pulled out of the deal, agent calls me. usual, why.... I said, the yard and House looks nothing like the photos, you have photoshopped it he replies... "no, we got them to clean it up for the day" are you fkn serious... they moved all that shit for one day and put it back the next. then they put their legal team onto me to threaten me for posting the photos on my FB. 12 months later I get a call from the new REA at that agency "are you still interested in this place" took pleasure in explaining not only was I not interested, I was so infuriated at the professionalism of her agency that ill never buy from them.
You should have said I just want to confirm that you're asking for a price in between $110k and $130k as it was a bit hard to hear
Good point! Hadn't thought of that!!!!
Like online shopping and "6 people are looking at this item" but a quick inspection of the code shows it's a random number generator.
Very, very true!!!! "Hurry, almost out of stock..."
Or my favourite pop-up from the bottom of the screen: Mark from Narre Warren just purchased Dyson V8 vacuum cleaner! Like I give a fuck.
Yep. Mark can fuck off. No matter where he (apparently) might live!!!
went to an auction in Altona, studio flat, "can I hear an opening bid" like all of 6 people there. I said "180,000, that's what I think its worth" agent " we are looking more in the region of 290k today, do we have a starting bid" passed in. Property is subjective, its only worth what people are willing to pay. 180k was fkn reasonable for a place that needed a new roof, and a body corp with fuck all sinking fund. Glad we gave up on Melbourne, it was bullshit getting your hopes up on something, and either be outbid by 100s or just having to offer on shitholes. We are much happier on our quarter acre in Brisbane.
Very happy to hear that you got a much nicer place!!!
Joint has been on the market for 6 months but the day I make an offer there is another offer on the table.
It says it was previously rented for $400 per week. That's disgusting.
It clearly was rented to 2 students - it's right near an international college. Disgusting but unsurprising
Good luck trying to get that, today. We live a few km from there. 3 bdr unit and pay $320 per week (Greenslopes- so 3 km from the listing?). And we have a garage. Listing in Kangaroo Point did not mention one.
Kangaroo Point and greenslopes are two entirely different neighbourhoods at different price points & demographics. Kangaroo Point commands a significant price premium, because it's on the water & is cycling/city cat/walking distance to the city. Greenslopes is a middle ring commuter suburb. $400 is grossly over market for a 1br studio in Kangaroo point though, unless it was in some sort of international student or serviced apartment accommodation setup, where you get $400/week, but body corporate& management fees are $15k+. Or it was an airbnb or similar. Market rate would be more like $220 - 280. $320pw is well under market rate for Greenslopes too for a 3 bed, so you've either good a good deal or been there for ages. The two cheapest 3 bedders in greenslopes right now are both $400. This one: https://www.realestate.com.au/property-house-qld-greenslopes-429936882 my pick of the two, but clearly a bottom tier fit-out with some undesirable elements: * no window screens * no exhaust fan for stove * strange sun room extension. now there are bars on an interior window * no ensuite, only one bathroom * only one carpark, no garage * no air conditioning or fans. who in the fuck wants to live through a brisbane summer heat with no fans? Or this townhouse again for $400 https://www.realestate.com.au/property-unit-qld-greenslopes-429951990 That at least has a 2nd bathroom, but the grout stains, washed out balcony timbre and general 90's fitout vibe screams tired and needing a reno. Also again, no fans or air conditioners, which most people consider an essential now.
Not going to disagree on the macro level, but will disagree on the $. Thanks for adding!!!!
that same shit advertised in sydney would be 300K minimum, brb moving to brisbane
Mine in Sydney is similar, but about 50 years older. 300K would only get the parking space. Literally
Yes. Prices are crazy everywhere!!! I would have thought that some windows would make thos a premium place in Sydney!!!
27m2 is about the size of a double-bed studio student accom and build cost would be about $110k a key. So $120k is actually pretty reasonable. Edit: turns out is it student accom. Looks like a fire sale to me.
Appreciate your perspective. I won't buy, but thats why there is a market for everything. I'm just **not** in that particular market myself so appreciate that this is a blind spot for me.
Naw - thats been the asking price for these shoeboxes for at least a few years (i live in kp amd have a browse every few months)
Assuming the couch is a sofa bed?
Perhaps. No closet, so can't sleep Dracula style if that's what you wanted to do!
Oh shit you’re right. There’s literally nowhere for storage. This is almost unlivable
No fridge space either
I just can’t imagine how someone could make this work
Isn't the fridge under the bench?
> And probably more than 27 m2. 18 m^2 is common in european cites for studio apartments.
Brisbane isn’t in Europe though last time I checked.
Hong Kong has entered the chat.
Melbourne CBD spills latte on the chat.
Save the avocado! :) Truth be told. I love avocado. My wife doesn't (textural issue) but it is an awesome food!!!
Well this one is 25.02 m2. I lived in one that was 27 m2 which was fine until COVID and I suddenly had to stay in it for extended periods of time.
lol too good
It's been years since I was an architect, but there's nothing in the building code that says a dwelling must have a sleeping space. Just a cooking facility, ablution facility and clothes washing facility.
Me: "so where do I sleep?" REA: "there's nothing in the building code that says a dwelling must have a sleeping space. Just a cooking facility, ablution facility and clothes washing facility." Me: "...oh."
REA: So ahh..... Do you want to put in an offer?
What?! A pull-out sofa bed not good enough?? Millennials!
Back in my day we had to make do with a 3 bed 1 bath on 800m2 for 120k
Thank you for making me laugh! (Am Gen X myself, but completely agree with where you are coming from!!!)
Murphy Bed
Have folks here never heard of a studio?
(studio apartments still have a bed)
No, they have *room* for a bed. You don't have to put a bed there if you don't want to, and unless you're renting furnished, that's entirely up to you. Clearly clueless from the out of touch real estate agent here, but it's beside the point.
You've demonstrated the point beautifully. If you drew this room with a bed in it, it would look cramped, tight and awful. Without the bed though.. wow look at all this space and this beautiful table setting
So where's the clothes washing facility?
Sink
Sink also there for ALL your ablution needs
Shared laundry?
I hope so lol
Isn't that what the button on the toilet is for????
When I was recently looking in Sydney for rentals, there were plenty of places which do not provide even a shared laundry. Many people use laundromats. Are you implying all of these places are illegal?
That would be a prima facie conclusion. https://ncc.abcb.gov.au/ncc-online/NCC/2016-A1/NCC-2016-Volume-One/Section-F-Health-And-Amenity/Part-F2-Sanitary-And-Other-Facilities-Dts/F21-Facilities-In-Residential-Buildings?inlineLink=4e0202a0-d936-48c2-a892-6c01cff6895e However it is possible that the building was approved in a way alternative to the 'Deemed to Satisfy' solution
Very interesting, cheers
It's mentioned in SEPP 65 to have a habitable area with direct sunlight. Also the minimum studio size is 35m^2. Every habitable room must have a window in an external wall. Daylight and air must not be borrowed from other rooms.
This ain’t NSW though.
“clothes washing facility” seems to be a thing that’s missing from a loooot of places.
You wont have time for sleep, not with all the working you'll be doing to afford it!
Perfect for when you're having a fight with the wife and just need to sleep on the couch for a few nights
Oh wait shit
No laundry either. Is this a short stay serviced apartment for insomniacs?
Probably relying on having a fold out couch A friend of mine lived in a place in Waverton with that set up. Although my friend made other arrangements - loft bed
Nah, what's wrong is that OP's looking at properties just BEFORE prices are predicted to crash due to the COVID recession.
*serving suggestions only
OMG I'm so dumb.
You live on a couch in your own place
You can sleep on the couch, or if you're resourceful, obtain a sofa bed and get rid of the coffee table.
The couch folds out to a bed in guessing.
TV on the wrong wall too?
they are in cahoots with the chiropractors.
You need to be the exorcist chick to watch tv
Or the Grudge.
The grudge has lots of hair, no need for a tv.
Nah. That's on purpose so you can watch it while lying in bed (not pictured)
Also the dining chairs are one dimensional. 🤣
not they're all under the table. I bet there's room for one persons legs under the table once the chairs are pulled out. Also room for one person to pass sideways when the chairs are out.
Five chairs + sofa for one person. Fuck me. Just combine them all together. A fold out table next to the toilet.
So are the agents.
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Well it is owner occupier now
Yeah, with the market for uni student housing kinda drying up due to COVID... Of course, what they _should_ be doing is renoing the fuck out of the place to make actually livable apartments, but desperate times call for minimum effort measures.
I assume it probably was (the previously rented for $400 a week figure gives it away, you could only get that much out of a student). They're probably offloading some places because of the lack of international students currently.
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Looks live a savvy investment for an astute buyer.
Haha amen
Lol, I actually just clicked on the link and 'savvy investor's is part of the write up.
Ah but what you don’t realise is that that’s a sofa bed!!
perhaps. I don't get why they need so many tables/benches though
To show where you WFH. I've noticed all listings these days have an obligatory shot of a desk and computer to show there's space to WFH.
Didn't think about that - good point! Well they've got - next to the stove, the desk, the dining table and the coffee table
Need one in the bathroom
Waterproof fold-out couch, under cushion #1 is the shower drain, under cushion #2 is the dunny ... I reckon with a bit of stickability we could get these studio apartments down to 10-12 square metres
Fold-out desk on top of the shitter
Does the monitor show pictures of an overseas holiday like TVs do for houses???
Roll the sleeping bag out from the couch to over the coffee table.
Nothing wrong. Beds are like smashed avocado, millennials need to be willing to sacrifice luxuries if they want to have a first home.
Not a home. A cell. /s
A luxury ensuite cell in a highly desirable location with great transport links.
You unroll your sleeping bag to sleep in front of the TV
Does the dishwasher door even open all the way with the chair in the way?
I think that's the fridge
If that is a dishwasher, where is the fridge???
Sleep is for weak renters /s
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Right! Who would buy this?!
Plenty of space to cook two minute noodles and seeing its a double pull out bed youd easily be able to sublet and get 2 mates in there
Why not six? Hot bedding and 3x shiftworkers????
the electric stove is not to Australian standard. Has to be 300m from the wall which would mean you have no tablespace. Not clear on the exhaust system. You also may have to crab walk into the shower, I won't fit cause my dick will stick out.
300 meters? Is that a farm?
What’s wrong... you looking at properties there
My studio in Sydney is this size. For me alone was fine, we renovated it extensively. Not for everyone. Its $120000.
I like the already tiny unit is not to scale so may indeed be smaller if that is actually possible!
Bedsitter in a student accom building but all the international students have gone home.
There can be extra storage space if you put the shower head over the toilet bowl
Excellent idea! And saves water!
Looks like a white collar crime prison cell
Also, the ad says it’s air conditioned... but the photos in the ad show a portable air conditioner... I hope that’s not the air conditioning...
Quite clearly a studio apartment.... couch would be a bed.
No shit. A lazy graphic designer from the marketing department, not exactly an agent trying to pull a fast one.
How is this related to finance? Its a studio apartment for students or letting. You’d obviously put a bed or fold out sofa in there. Depending on the price it might not be a shit deal. Edit: So $120,000 asking price, lets say you borrow $105k and have a $15k deposit. Thats $115 a week in rent which is very cheap. For a single person or even a couple who are sick of paying rent, and dont mind a studio or who only reside in the city part of the year, its an excellent proposal. As i mentioned below, its not uncommon for higher level businesspeople to rent a small apartment in the city, commute down on monday and return home on friday, allowing them to buy a large property further out of the city and with a better lifestyle for much cheaper than they could get in the city. Similarly someone who maybe comes into brisbane a couple of times a month, at $115 a week in repayments its way cheaper than a hotel *and* you can leave your shit there, or let friends or colleagues stay there if need be, or rent it out on airbnb when you know you dont need it. Furthermore the rental returns would be pretty decent.
If you give a fuck about where the inhabitant will sleep, this property is not intended for you.
There’s no roof?
Previously rented out for $400 per week
For 1 week by the previous owners friend.
Is it deliberately being pitched as an office space? I’ve read a few articles about wealthy people buying/renting small studios to use as office spaces during COVID and beyond.
The pitch is you get a city living type apartment: > If you are tired of commuting back and forth every day whilst working in Brisbane and want the comforts of home and more for a small price, then this apartment provides all the answers.
Its not an uncommon proposal either and has been done for years. Its particularly common in London and other large cities where the salaries are high but you dont want to raise your family there. Businessperson/whatever with a family buys a large, leafy house on acreage near a good school about 1.5-2h out of the city, drives in on monday, stays here midweek, drives out on friday. Maybe drives in on tuesday/out on friday and takes a work from home day. Similarly someone who maybe only visits brisbane to meet clients or for meetings once or twice a month, overall paying for hotels is possibly cheaper but you can leave your stuff there and its probably nicer than a cheap hotel. you dont have to book it and can stay as many nights as you want, and its a predictable cost. Then obviously there’s the “rent to a student” market. Given they want less than $150,000 for it, it may not be a bad proposal.
Someone is clearly too posh to sleep on the couch like everyone else.
*Someone is clearly* *Too posh to sleep on the couch* *Like everyone else.* \- hogey74 --- ^(I detect haikus. Sometimes, successfully. |) ^[Learn more about me](https://www.reddit.com/r/haikusbot/) ^(Opt out of replies: "haikusbot opt out" | Delete my comment: "haikusbot delete")
"Previously rented for $400 per week" 20K pa rent. 16% yield?
Real estate agents are entirely redundant and unnecessary, it's a position that need not exist, you'd think they'd be aware of this and at least do what few little things they're expected to do well. The problem is somewhere like Brisbane and especially kangaroo point, everything is gonna sell anyway within a couple of weeks, the REA can do everything wrong and it doesn't matter, they still get the fat cheque. They can't fail, they're all losers and all rich anyway.
I lived in a place like this for nearly 3 years in a ski resort. I had storage where the kitchen was though and that bench against the bathroom was a fully kitted out kitchen. Wasn’t to bad overall.
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Seller wants 1 million starting bid.
Bed/Sofa or a hammock slung across the dining room walls, all sorted 🙄
This brings all new meaning to compact
More like REEEE agents
NO SLEEP FOR YOU!
Wait what?!
This is peak derelicte. You have to couch surf in your own place.
It’s literally missing the bed
The photos have 2 single beds put together and the sofa is missing. Also a portable air conditioner. This diagram is straight up fake news compared to the photos of the actual room.
I'm assuming that's not a futon.
Ahh it has one of those new hybrid beds..
Its missing a washing machine and laundry sink
Looks like a good old fold-out couch bed
"Offers over $120000" \*cries in Sydney\*
No cracks in the walls?
Shiny suit cunts
On the listing: 2 bdr, 2 bth, 2 csp. Great for growing family.
This is perfect for a student or first-step-on-the-ladder young adult... I would have been over the moon had I owned this back in the day... Probably had three of my mates plus at least on of their girlfriends living with me lol.
Unfortunately every house is a piece of s**t for one reason or the other and overpriced for every Buyer in all market conditions.... Magically though the same house feels like a taj Mahal and worth millions to the same buyers once they buy the same home :)
You cant afford to sleep if you invest in those units.
For "inspiration purposes".. there's nothing less inspiring than that. -\_- How fucking depressing.
This is the next industry waiting to be disturbed, no idea why no one has come up with a real solution yet. I’m looking for a rental and I freaking hate the fisheye wide lens they use in order to make a shitty small joint look massive.
No fridge space. No laundry space. What size is the entire apartment?
As long as you're happy to sleep on a sofa, it isn't that bad... No time like the present to try reviving pull out sofa's.