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  1. Piston Broke

    Western Sydney/Parramatta region market is stupidly crazy

    That is a very important question we are not made aware of, as if the answer is a foregone conclusion. Is it not worth looking into? I think it is. I know i may seem a lil intense at times, but most people i know actually think I'm the happiest and most positive person they know. And I am! Some...
  2. Piston Broke

    Western Sydney/Parramatta region market is stupidly crazy

    I'm just bringing a different perspective to the calls of "crazy market boom" with a real example instead of medians and assumptions etc. Looking from the ppor view, it's not all that great. My PPOR ain't much different in terms of return. So what this also tells me is that my next PPOR could...
  3. Piston Broke

    Western Sydney/Parramatta region market is stupidly crazy

    haha i recon your older than me lol. What makes you think the place was rented?
  4. Piston Broke

    Western Sydney/Parramatta region market is stupidly crazy

    Previous sale 15 Oct 2005 $590,000 Compound growth of 6% not accounting for holding costs and improvements. With a 80% LVR and interest only the owner would have paid approx 220k interest holding it. 952-220-29(costs @5%)- 23 (agents fee @ 2.5%)= 680k 90k => 11.25k per year for 8 years. Not...
  5. Piston Broke

    Western Sydney/Parramatta region market is stupidly crazy

    Let's see what behind this hysteria.... PC 2146 18 Oct 2013 $440,000 23 Jul 2012 $425,000 No boom here, more like a loss after fees. 12 Oct 2013 $585,000 14 Nov 2007 $365,000 Renovated & rendered, still ok 1 Oct 2013 $445,000 18 Mar 2005 $334,500 Not much gain if it was a rental 28 Sep...
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