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Just to add one more thing into the mix, many agents are telling me that a lot of the investors buying are doing so using their SMSF's as the vehicle. This means wads of cash from the SMSF and a very low (if any) LVR loan used to purchase the property. The purchasers are chasing CG and yields...

tab, the Mrs & I have a lot of 1 brm granny flatted properties and the demand for 1bedders is huge, so I have no doubts about what you are reading - the demand is already here. I'm not saying 1 bedders aren't any good for CG or yield - just that I have not had much to do with them.....and the...

Yeah, I agree Thorpey. Just the cycle stuff - same ole, same ole.

Mmmm perhaps. Of course, others would say that the smart thing to do would be to jump in on a confirmed uptrend because it will be a long time before the I think this 'boom' has a way to run yet. ;)

You're welcome :) It was an exciting time ;):D

http://www.realestate.com.au/property-unit-nsw-croydon-106352967?tm=1269725971&c=18740782&t=res Formal Bank valuation done 2 days prior to auction: $485K Reserve price set by vendor 2 days before bank valuation: $465K Sold yesterday for $504K....and not to me This is just a number in a...

Most of my clients are investors and I've never had a single one ask for a 1 bedder UNLESS it has a study, which most 1brm don't and if they did - you are really back to a 2 bedder again :) (broardly speaking)

Hi tab, Erskinville is doing just as well as any of them. I don't buy 1 bedders though - so I'm sorry I cannot answer your Q from experience. My suspicions are that they go just as fast. I see them advertised and then I see them sold.

Haha, I am bidding at a couple this week-end too (and I'm not your BA, AFAIK). If we are after the same one or two - I hope your BA loses. :p;)

I've seen plenty of 2brm units that would sell for $420-430K at the end of 2009, now selling for $450-470K and people falling over themselves to buy them still.

I don't think it is a bubble. It is not uncommon for 40% or more CG in a single year at various times in the cycle. This might just be one of those times. Since it was relatively flat from 2003 to 2008, then I would expect some big numbers in some years to get back to trend of 8-10% pa if...

Housekeeper, I buy quite a bit in the Inner West and have posted on a number of threads on this issue. May I suggest you google: site:somersoft.com "propertunity" "inner west". Maybe you have seen me at some of the auctions / Opens. I reckon the market moved 10% from 1/7/09 to 31/12/09...