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  1. W

    See Change and Richard Feynman . let's hype the sydney market thread .

    Yes you're right, certain ethnic groups are pushing the prices up certainly in Wenty, Greystanes and Pendle Hill. Same as it has done in Homebush. Having said that, the same has happened 10 years ago in Epping and Eastwood. So I guess it's just the cycle. So I think we need to consider the micro...
  2. W

    See Change and Richard Feynman . let's hype the sydney market thread .

    Totally agree. That's the same response I had. But it's actually 1.325mil for Wenty and 850k in Livo.
  3. W

    See Change and Richard Feynman . let's hype the sydney market thread .

    I was responding to posts about the 581 of Darling Square apartments that were all sold out within 5 hours: http://news.domain.com.au/domain/rea...23-gh822c.html There were posts 2 pages ago saying how outrageous an 800K 1 bed apartment in Darling Harbour was. I don't think this is any...
  4. W

    See Change and Richard Feynman . let's hype the sydney market thread .

    The sellers have done extremely well. In 2009 I had a look in the area and you could pick up a house on 600m2+ of land for around $500k. I feel that there's a lot of speculating developers or should I say wannabe developers buying big.
  5. W

    See Change and Richard Feynman . let's hype the sydney market thread .

    Yeah they look pretty nice for the owner occupier. Renovated, on largish pieces of land and on a bus route. Only thing is the road they're on is pretty busy.
  6. W

    See Change and Richard Feynman . let's hype the sydney market thread .

    In terms of money generated I stand corrected. Having said that I know that Parramatta contains a lot more hotted up cars with loud exhaust and even louder drivers than St Leonards and Chatswood. But if you had 1.3mil to spend/invest would you buy in Wentworthville, Chatswood or St Leonards...
  7. W

    See Change and Richard Feynman . let's hype the sydney market thread .

    I have driven up and down Bridge Rd a countless number of times and the streets that come off it where the 1.3mil house was situated and agree with you that they are total idiots or have some way to build a duplex and sell them for 1.2mil each. I am just saying that it is all relative. So if a...
  8. W

    See Change and Richard Feynman . let's hype the sydney market thread .

    So you would say Parramatta is a bigger commercial area than North Sydney, St Leonards and Chatswood?
  9. W

    See Change and Richard Feynman . let's hype the sydney market thread .

    I worked in Wentworthville for 10 years up to last year, so yes I visited the area frequently, more than you I would expect. How often do you go there? For 1.3mil I would rather live in Winston Hills, North Rocks or The Hills area or even Northmead.
  10. W

    See Change and Richard Feynman . let's hype the sydney market thread .

    Exactly!! Who are buying these houses? Surely not owner occupiers for the reason you outlined above. If you are on a 200k house hold income, let's be honest here, why would you want to live in Wentworthville?
  11. W

    See Change and Richard Feynman . let's hype the sydney market thread .

    The same people saying it is a bad buy are the same ones that said Barangaroo apartments were a bad buy. People are reselling now Barangaroo apartments for 23-35% profit form OTP prices. I'm not saying that I would personally buy a 1 bed apartment for 800k in Darling Harbour as I'm focused on 2...
  12. W

    See Change and Richard Feynman . let's hype the sydney market thread .

    1.5 years ago we were looking for a house in the inner west and prices were not 1.3 million. So yes, 1.3 mil is stupidly high for Wentworthville.
  13. W

    See Change and Richard Feynman . let's hype the sydney market thread .

    They've been saying Parramatta is the 2nd Sydney CBD for the last 30 years. Parramatta is just another large suburb. I would consider Chatswood a bigger business district than Parramatta.
  14. W

    See Change and Richard Feynman . let's hype the sydney market thread .

    I'd be more concerned about these people buying property out at Wentworthville for 1.3mil. I use to work in the area for 10 years so know the area well and if Wentworthville is 1.3mil then I see a 800k 1 bedder in the middle of Darling Harbour a good buy! At the end of the day it's all relative...
  15. W

    See Change and Richard Feynman . let's hype the sydney market thread .

    In Roseville this sold for 2.518mil in March this year http://www.realestate.com.au/sold/property-house-in-roseville%2c+nsw+2069%3b+/list-1?source=location-search Last sold for 1.7mil in July 2013.
  16. W

    See Change and Richard Feynman . let's hype the sydney market thread .

    Maybe you haven't been going to the open houses of late? There are many examples of houses being bought for 2 mil in 2012/2013 and being sold for 3 mil this year. Just go on house.ksou.cn. For example in Killara sold for 3.1 mil last month -...
  17. W

    See Change and Richard Feynman . let's hype the sydney market thread .

    Units increases are half that of houses, this applies to all regions be it south west to north shore. OTP and new units are even worse as price increases are factored in to the OTP price and you could spend years breaking even at times.
  18. W

    See Change and Richard Feynman . let's hype the sydney market thread .

    I worked in Wentworthville for 10 years and I know that street and it is nothing more than the average suburbia. Not that close to shops or the train station. Well that is if you consider 15 minutes walk close which I do not. The vendors must be laughing. Stuff like this should make my inner...
  19. W

    See Change and Richard Feynman . let's hype the sydney market thread .

    Lower north shore is hot but the move is made in the 1-3 mil mark. Houses that were 2 mil 2 years ago are selling for 3mil. In fact prices have moved the most in Sydney on the lower north shore - 10.5% for the last quarter...
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