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Leon. What made you think its Edward or Matt?

Spoke to a local agent at E!ders Toonie with a lot of experience in the areas being discussed in this thread. He reckons within 3 years properties will be selling for a million plus in these areas - I take it this is for established homes - which are mostly very old. I think with...

Hang in there :)

How is your search coming along? I noticed you are looking to build. Where are you looking to build?

I had one of the agencies (Parra region) call me this week... asking we were looking to buy back in 2009, and whether we have bought anything since ... I was like ummm... yes!!! Must be number of buyers starting to drop. The agent said buyers are being careful, and market is stabalising - and...

Definitely. Don't buy something for the sake of buying. I think quality matters. What is the point of buying a block of land with uneven shape for example. You want something which will still be in demand regardless of the market (with potential for growth etc). There is always demand for good...

write2Abdul - did you check out 11 Scott Street Toongabbie? I wonder why it hasn't sold still? Must have some issue. Appears it was advertised earlier this year too, and didn't sell.

11 Scott is advertised at offers over $630K. I think we should add 10% to it - making it close to 700K. nearly a 1,000 views - been on the market a week only. This has an open home over the coming weekend - may be they didn't get the offers they were looking for? 5 Cooyong is advertised at...

This sold today for 771K http://www.domain.com.au/public/Propertydetails.aspx?adid=2011211346 shocking - 556sqm only.

No. Its a risk one has to take.

You can do these things during cooling off!!You get 5 days in NSW, which can be extended to 10 days. We always ask for 10 days to allow time for any paperwork and investigation.

I guess you may not be able to find out the other offers... I guess listen to the agent, then make a quick decision!! No time to wait. Having said this, no one has a crystal ball on when the market will slow down etc. I understand good properties are still selling.

Yeah, there is a fair bit of competition in these areas. We also had to do the same, sign before hand. Build a relationship with the agents. I know elders toongabbie are the most challenging ones to build one with. They were the least helpful. Goodluck with the search.

No :D ..... as noted previously, you will struggle to get a decent place for $650K - as this is not the current market value - even if someone sold directly to you, and saved on agent commission.

Ok - I didn't know that. nevertheless, proximity to the school... people with children would obviously want to live closer to school.

I think its just the selective school. I guess similar to yourself, people want to reside here, so its within the school's catchment etc.

Too shocked to see this sell for $804K in Girraween... just because of proximity to the selective school. http://www.realestate.com.au/property-house-nsw-girraween-116801323 I would have thought $730 - 750K max. Was advertised at offers over $649K. Lucky vendor!

Further out west. Suburbs between Seven Hills through to Mount Druitt. Mount Druitt has express trains to the city. I know Mt Druitt has been discussed as a place where people invest only, and not buy PPOR. Just depends on if you are OK with it? Mt Druitt has express trains to the city. It is...

I second this. We used to travel bus + train a few years ago. We recently purchased a place for knock down rebuild near Parramatta, 10 minutes walk from the station. We could have purchased in the North West corridor, but we wanted the convenience of train.

Not sure if you'd manage to get a decent house in Girraween, Pendle Hill or Toongabbie for that price. A lot of competition and lack of good stock IMO. How have you found the market so far?