I believe he said Sydney's coastal suburbs. There's no seasons or weekly tennants or lack of tennants.
There's absolute no doubt these suburbs will get beter growth than WS, the issue is one of affordability. But then again, I've seen older 1 bed apartments not far from the beach and city...
I just went and read that post. It implies nothing of the sort. In fact, I have mentioned several times that I do believe WS will boom - just not in the short term.
The OP has a $400k budget to buy a house in WS. He can't buy 2 houses with this amount which makes this argument irrelevant.
He can either buy a house out west or a unit close to the city. So the debate really centres around which one we all speculate is the better option.
Some of you are...
I was never arguing his strategy. His strategy is fine - that's what did when I got started. If you check the OP we are debating whether or not WS is a boom area. Rather than acknowledge my points, BV has resorted to changng the parameters of the debate and accusing me of being arrogant and...
Clearly that's a stab at me amongst others. Maybe you overlooked two very important questions:
1. Why was I the only person to pick the stats in that article as a fraud? Everyone one else gobbled them up as fact.
2. Where did I get those purchase prices from? What are the chances a...
What makes you think you are doing any different to me? I proved that the data supplied is a load of bollocks so now you're taken the high road and intimated that I am saying my way is better whilst you are not claming the same thing?
I'm here to discuss the pros and cons of WS vs other...
18.6% pa over 10 years? That means in 1996 the median house had to be worth approximately $30k.
Do you believe that?
Let me go check some sales history.
-----------------------------------
8 CATALINA ST, NORTH ST MARYS, 2760
Sale Price: 39,000
Sale Date: 15/10/86
Area: 626 m²...
Do you know those suburbs? They're all new suburbs. They start off as pieces of dirt worth $80k. Then houses get built and they sell for $200+.
It's a convenient piece borne out of intent to mislead, or poor inconsidered research.
You can't tell me that established out suburbs over the...
The opportunity cost of buying West is buyng Inner.
What are you on about?
Essentially I have stated my opinion about WS and you have got all offended about it. Harden up.
Ahh, the ld talk down to someone trick.
You seem to be inferring that you don't have a mrtgage because you have been...
Ahh, I get it now. You have the Westie chip on your shoulder.
When did I say anything about bad reputation? The simple facts are that property in most major cities grows at a faster rate close to the city. Economies of scale.
Firstly, I'm quite aware of this. Please remove the chip from...
So what?
The sentiment here seems to be "eventually it will go up so therefore it s a good investment".
I have stated that I think there will be better. You all want to argue with me but not one person has given me a reason why Western Sydney is a better option that Inner Sydney?
So what...