L
Lindz
New Member
Hi.
I hope someone with experience in property investment in Australia can help me here.
I have an investment property in Australia which I inherited from my father last October. As it is tenanented and currently managed by a property management company it was my intention to keep the property, sit back and let the money roll in! However my circumstances have since changed and I need to sell asap. The property has been on the market with an estate agent since before christmas, but nothing much seems to be happening with it, and despite the fact I have drastically reduced the price there has only been one viewing.
I live in the UK and have no experience of buying/selling property in Australia, or any knowledge of the market over there. Not sure what I can do to get the place sold other than reducing the price even further so any ideas/advice from experienced investors would be appreciated.
Thanks in advance for any help!
I hope someone with experience in property investment in Australia can help me here.
I have an investment property in Australia which I inherited from my father last October. As it is tenanented and currently managed by a property management company it was my intention to keep the property, sit back and let the money roll in! However my circumstances have since changed and I need to sell asap. The property has been on the market with an estate agent since before christmas, but nothing much seems to be happening with it, and despite the fact I have drastically reduced the price there has only been one viewing.
I live in the UK and have no experience of buying/selling property in Australia, or any knowledge of the market over there. Not sure what I can do to get the place sold other than reducing the price even further so any ideas/advice from experienced investors would be appreciated.
Thanks in advance for any help!