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  1. T

    House prices in freefall

    Lalor Park is always 10% cheaper than Seven Hills even though they are in the same post code. However, I always treat all areas as Blacktown areas because if one area of them is up, all other areas will be up in a similar percentage. Magic number: most of suburbs in Sydney has 9 to 11% annual...
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    House prices in freefall

    See Change, nothing I can argue with your points. I bought a house at Doonside at A$230K one year ago from an investor who was bankrupt in the last cycle. I know a little bit about last cycle from him and I believe he is not an excellent investor because of selling. He sold all of his houses one...
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    House prices in freefall

    So, Aceyducey, you have agreed with LB's view about the market in certain degree, don't you?
  4. T

    House prices in freefall

    Keep posting LB please LB: Without your input, this forum seems going to one way - too positive. I have bought 4 houses around Blacktown areas in less than 12 months and the last contact was signed at July 2003. All of them have 10 to 60% capital growth. However, I have only...
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    House prices in freefall

    All house projections only have little value. I am holding two copies of APM Sydney Property Guilde of 2003 and 2004 published by Sunheral. Take a example: Blacktown (2148) house In 2003 copy: predicted by APM: (+)5-9% Actual growth: (+)21.5% Predicted by Economics: (-)20% In 2004...
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