Is Sydney too Expensive?

Plenty of stuff in your neck of woods - Minto/C'town/Raby/Ambervale (<- not desirable, I know) etc. Not CF+ but far better than what other areas in Sydney.
 
Has Sydney market been rising for 3 years??
Don't bull markets usually go for 18 months - 2 years?? Am also thinking out loud:)

Also, if certain pockets have gone gang busters, is it time to be looking at regionals or areas such as Newcastle? Just throwing ideas out wondering whether there are actual markets in Syd that are close to peak and the ripple effect is happening where investors should be targeting these areas as they will be the next to go.

Often investors jump into markets when they are close to peak, very dangerous as the Syd market has been moving for I believe 3 years?? time to be cautious I would think

MTR:)
 
Interesting article published by John Edwards in the Residex January Property Market Update yesterday urging caution in the Sydney market
 
I'm starting to be increasingly gobsmacked at prices paid in my area

$1.812m, renovators delight in Croydon NSW!!
http://www.domain.com.au/property/for-sale/house/nsw/croydon/?adid=2011695602

The prices are really starting to not make sense for me.

I was looking in this price range about 7 months ago (or a tad under), and there is no way I'd be paying $1.8 for this...

Things have moved so quickly in 7 months.

Check out the difference a mere 7 months has made!

19 Acton Street sold for $1.78m, ultra-renovated
http://www.realestate.com.au/property-house-nsw-croydon-117245091
 
Excellent ..

Have you sat down to work out the specifics such as What size asset base & annual income you need it to be generating so you can retire in 18 years?

How do you plan to generate it?
Reduce your plan to writing. The moment you complete this, you will have definitely given concrete form to the intangible desire.

- Napoleon Hill - 1883-1970, Author of Think and Grow Rich
 
I'm starting to be increasingly gobsmacked at prices paid in my area

$1.812m, renovators delight in Croydon NSW!!
http://www.domain.com.au/property/for-sale/house/nsw/croydon/?adid=2011695602

The prices are really starting to not make sense for me.

I was looking in this price range about 7 months ago (or a tad under), and there is no way I'd be paying $1.8 for this...

Things have moved so quickly in 7 months.

Check out the difference a mere 7 months has made!

19 Acton Street sold for $1.78m, ultra-renovated
http://www.realestate.com.au/property-house-nsw-croydon-117245091
You should start a thread... for most over-priced property purchases ever. Not hard to pull out some rippers in this market!
 
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