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both were sold at auctions, greed doesnt come into it. the market placed the price on these houses. which is why i am debating what has happened in 3 months, even through we have not seen an increase in interest rates or any significant event to cause this.

reasonable basis.!!! 1. similar land and property types (weatherboard) 2. the cheaper property is greater in land size, 3. right next to each other, its not like they are down the street. 4. we are talking location here, the actual house is worthless to be honest in an area like that where...

i dont think it will double every 10 years from now on (major cities), but will grow more sustainable. i think the past decade has seen the largest amount of immigration occur since the 70's, and with current government policies and issues such as house prices, i beleive the government will try...

hmm yes, a correction of 13% in 3 months is hard to fathom. but what happened to those bidders that pushed the price to that much, where did they all go. i am just trying to find the best time to buy, and i am thinking if there are more examples of this, it could be a good time to buy again...

okay, who paid too much and who got a great deal? this house was bought for $1.503M in March 2010 at an auction, http://www.realestate.com.au/property-house-nsw-malabar-106360619 the house right next door sold for $1.305M on the weekend July 2010 at an auction...

no wonder there was property crash in the US, who in their right mind would pay 1.4 million for that, it feels like that house is in the middle of nowhere and it looks like a new estate. i dont feel sorry for this person(s) stupidity. :confused:

Hi guys, anyone know got some good contacts who they can recommend or vouch for that can remove internal walls, someone with plenty of experience in the sydney area. cheers

can you go a bit further on how extensive the termite damage was ?, people immediatley get scared of the words termite, asbestos when it comes to their homes...every home in sydney will be at one point attacked by termites, how much damage it causes obviously varies.

i agree, buying in hurstville would have been good many years ago, dont know how well it will perform in the future. but despite that, the population is growing rapidly, and investment in infrastructure continues. if i was to buy an apartment, i would buy something on the north side towards...

interesting thread, which is probably why many are predicting investors will be the ones driving the housing market this year whilst FHB's drop off due to lending limitations, which means they will still be renting or more pushed into renting, it seems like the cycle continues.

good argument and points there. i have been there, i wouldnt make a comment otherwise, that would be ignorant.

st george area. now you can have your turn :)

call the office of state revenue, explain your circumstances and they will give you an answer immediately.

i still wouldnt live there :), the land of the new australians as they say. these are the areas that will feel a crash the most if ever one was to happen. over supply of housing, poor transport links and nothing out there. this is where you have an average of 2 people in a 5 bedroom house...

thats fair enough, but living in a large city like sydney, the sad truth is, you cant escape the smog , but i can understand where you are coming from. i also was looking at those areas at the same time frame as yourself, and alot of them did manage to sell, i remember seeing one place selling...

thats going a bit far dont you think? houses sell pretty fast around bardwell park. and if you go by that radius then earlwood would fit in there as well, and that suburb doesnt have problems selling. dont get me wrong i have dismissed houses within 500m of the stack, but not 2km...thats just...

the areas you have specified (hurstville, kogarah, rockdale) are fine, they are safe and desirable, maybe not hurstville as much :)...but you cant go wrong within a 5 minute walk of each of these stations, you will always get rent there. Also I would think prices would be similar to ryde to be...

well i do apply the rule when buying an IP, if cant see myself living there then i dont buy, which if you put it another way, for those areas i overlook is someone else's gain.

i agree with nek, a very undesirable area, and an area i wouldnt like to live in, because of the demographic living in that area and a few religious places of worship..:).. i am walking a tight rope here... (http://en.wikipedia.org/wiki/Lakemba,_New_South_Wales) its not to say it wont change...

how about narwee, riverwood, peakhurst, for that money you can easily find something. still very close proximity to the city and reliable transport links.