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  1. Scott No Mates

    Outer inner west of Sydney

    For that money you can buy with good views in Mosman.
  2. Scott No Mates

    Outer inner west of Sydney

    Anything short of government bonds is speculative investment, even then you hope that the country doesn't go down the gurgler. Even gold is specky.
  3. Scott No Mates

    Outer inner west of Sydney

    What is your mind gives rise to having the better location? Neither DS or Caringbah are close to heavy rail transport, at least 6-10km further from the city/major employment zones and more reliant upon the road system. Even Parramatta is closer to the city than Caringbah. Doesn't the...
  4. Scott No Mates

    Outer inner west of Sydney

    Hurlstone Park and surrounds Getting back to the op - from the SMH Linky
  5. Scott No Mates

    Outer inner west of Sydney

    That is true, for equities. Harder to put into practice for lumpy assets like property where no two properties are identical, sold in a liquid market.
  6. Scott No Mates

    Outer inner west of Sydney

    Let them learn from their mistakes ;) & don't go for high leverage if you don't want high risk. This is up to the investor to decide upon their strategy. They are the only ones who determine their risk profile, whether they require cashflow or prefer to chase capital gains
  7. Scott No Mates

    Outer inner west of Sydney

    A few years in sales during the gfc (in my area) saw the numbers of listings drop from 3 year average of 150 sales in the area to《60 per year. Yields were increasing (as value of sales dropped). Investors weren't getting out in these suburbs it was the sell before they were forced, those who...
  8. Scott No Mates

    Outer inner west of Sydney

    In many cases the first things to go were the lifestyle investments ie holiday houses at Palm Beach. They rigidly held on to their city assets/ppor.
  9. Scott No Mates

    Outer inner west of Sydney

    Wrong side of the harbour ;) Disclaimer: 1. I (don't) live in this area 2. I grew up in the area
  10. Scott No Mates

    Outer inner west of Sydney

    Not as difficult as the adjoining suburbs of Lakemba, Roselands or Punchbowl. There must be a lot of porkies included in those stats otherwise there would be a large number of well below market rents out in most suburbs. Seriously, in Haberfield with a median repayment of $2,600/mth and rent...
  11. Scott No Mates

    Outer inner west of Sydney

    Not as difficult as the adjoining suburbs of Lakemba, Roselands or Punchbowl.
  12. Scott No Mates

    Outer inner west of Sydney

    Those who own in the better areas are less likely to become forced sellers - if it were the case, we would have seen Steven Keen's predictions of 20-40% drops in prices come true over the GFC. Most tend to have a reasonable control over their finances, don't live from pay packet to pay packet...
  13. Scott No Mates

    Outer inner west of Sydney

    Dual income, no chance of kids (alternative lifestylers).
  14. Scott No Mates

    Outer inner west of Sydney

    I followed that one as well (and picked the sale price within a few $000's). Whether it was highest and best use is debatable however it would be preferable to dealing with Ashfield council for a DA for a subdivision and second dwelling (for an abysmal residential return). You'd be hard...
  15. Scott No Mates

    Outer inner west of Sydney

    Big difference in the demographic of Haberfield to Strathfield, let alone Campsie/Belmore/Wiley Park. Most from what I would class inner west (includes Haberfield, Burwood Heights, Strathfield, Homebush & Five Dock) wouldn't venture into Belfield, Campsie or Wiley Park. Haberfield/Burwood...
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