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Huh? I'm not saying 1.4m is worth paying, I'm saying 500k is pretty light on. I'd buy the whole damn street if a renovated 2x2 terrace in carlton was only 500k

Come on, you know I myself have been saying some of the prices recently (especially in sydney) are stupid but if you only value a fully renovated 2x2 carlton tce at 500k then I suspect you won't be buying anything for a looooong time if ever

You're joking right?

no, ive not been in any other capital cities. i also have no access to google or the ability to think. i also have not taken into account high labour costs in sydney. ultimately i dont think FROM 800k for a 50sqm 1 bedder in a development with over 1000 apartments is a good deal, you...

and here we have it ladies and gentlemen, official confirmation of sydney's bubble.

I was referring to darling harbour, you said compared to wentworthville it was a good buy, I'm saying on a standalone basis it isn't. Just because there may be potentially worse buys out there doesn't make 800k for a 1 bedder a good buy

How is it a good buy? How would someone expect to make money on it if investing?

I don't know castle hill etc so can't comment but personally 800k for a small 1 bedder with likely high strata fees in a big complex at what must be fairly near the peak of the market doesn't quite make sense from a risk/rreward pov. People have lost their minds. In order for someone to make...

Jesus. 800k for a 50 sqm 1 bedder in a large development, albeit in good location. This is only going to end badly for buyers.

40% more? That would put median prices nearly into the $1.2s , do you see that happening?

But the issue is if someone's paying $1.23m for an old small house (perfectly livable though) to make say 30% on it it's gotta go up to what $1.7m or so? Over $2500/sqm for land in parramatta?? I just don't understand it but ultimately I'm just an observer from afar, I don't have any local...

I moved to perth 17 years ago but I'm not sure what that has to do with it. Nearly 1.25m for a small and dated house 20 mins walk to parramatta is crazy money imo, we're talking parramatta here not sydney or melbourne cbd. People are having to pay a ludicrous amount to live in somewhat ok...

That's just stupid and not sustainable imo. Can't be good for the economy to have people needing to spend such a high amount to live in fairly average accommodation

Yeah it's unfortunately out of your control. Ultimately price is always a consideration imo, if you didn't have to put so much into housing you'd have a fair bit more capital/cashflow available for other ventures

Ms ali below thought it was good value. Sydney is crazy, nearly $1m to live in a 14 year old dated house with average finishes and 1 car garage on 550sqm 30km from cbd As an example - similar sized house and spec levels, probably touch less dated than the sydney one. Bigger block by 20%...

Jesus 900k or so for a 14 year old home in pendle hill us considered good value?? I'm glad I don't live in Sydney, worse value for money city in Australia when it comes to housing imo