If labor is in power tomorrow or in 3 years later, investor tax is re-introduced again. Then, the market will turn without any changes on fundamentals.
is conflicting to:
I cannot see both are going together.
The Sydney property market will crash if interest rate is more than 6%, but what happens if IR is going down bellow 1%, with A$ down to 60US cents, by year 2017?
Why not go to onthehouse.com.au to check the price history from the end of 2008 until today?
There are plenty of similar cases in Sydney. For example, I am told that the houses close to Epping railway station was selling 1M not long ago. They are selling 3.5M now.
Tungarra Road, Girraween. It is 1223 sqm with zoning changes, 8 units can be built. Just search the price history in the street and you can get the results.
There are some lucks here as well because the houses in another side of street have no zoning changes. They cannot be sold in a higher...
I did spent about 100K to buy a 499K property during GFC. The capital gain for this property is over 1M today.
Now, like See-Change, I am selling one property and hopefully have 800K to 1M cash on hand.
I think they are seriously looking for it during last few months in Parra, Westmead, Mays Hills with walking distance to train station. They saw the price is going up from under 800K to over 1M in very short period. And they known those houses were selling around 500K few years ago.
My friend failed to secure any property in areas between seven hills and Parramatta again on last weekend. His budget is about 1M mark.
He was outbid at Westmead which is a normal single story house, but was sold for 1.3M.
Simply, not many houses for sale in Westmead area. I hope he can...
What do think this block of land is sold in auction for A$966K at Westmead today?
The first bid was 800K. An elderly in the local was very surprised for this bid and said the bidder has no brain.
I would like to live in Parramatta rather than Chatswood for many reasons:
My wife can walk to her shop, church and Westfield;
I can walk to Wanderer home ground and easily get into the train station to everywhere in Sydney.
Can Chatswood provide all of those?
Second airport is in Western...
I think those auctions will push up parramatta price up to 1m.
Before the auction, everyone including the agents, vendors and buyers are expecting around 900K.
Now, my friend and many other buyers are preparing to pay 1M in order to get into the area.
Vendors should get the information...
My friend is bidding two properties today and is outbid in half way:
Property one in Mays Hill.
Similar property was selling 800K weeks ago. But this one is sold 1.01M in Mays Hill.
Property two in parramatta is sold 1.235M today. The reserve price is 900K only.
Parramatta and its...