Is Sydney too Expensive?

Discussion in 'The Buying/Selling Process' started by noodles, 4th Feb, 2015.

  1. Phar Lap

    Phar Lap Member

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    Yeah, the comments will be "why didnt we get in back then?:eek:"
     
  2. Benvolio

    Benvolio Member

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    forgive me for thinking out loud
     
  3. neK

    neK Member

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    What kind of answer were you actually hoping for with a question like that? :confused:
     
  4. mini2

    mini2 Member

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    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.
     
  5. Benvolio

    Benvolio Member

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    not so much answer but perhaps opinions.. thats what normally happens on a forum right?
     
  6. MTR

    MTR Bling Bling

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    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:)
     
  7. hugh72

    hugh72 Member

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    Interesting article published by John Edwards in the Residex January Property Market Update yesterday urging caution in the Sydney market
     
  8. euro73

    euro73 Member

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  9. tess85

    tess85 Addicted to SS

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    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
     
  10. Rixter

    Rixter $uper Investor (Retired)

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    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
     
  11. Kipp

    Kipp Member

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    You should start a thread... for most over-priced property purchases ever. Not hard to pull out some rippers in this market!
     
  12. Logica

    Logica Buyers Agent

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    Really??? May I ask you what do you use then?
     
  13. C-mac

    C-mac Member

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    For buy-and-hold investors, I think yes, Sydney is now too expensive.
     
  14. scha9799

    scha9799 Member

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  15. KangaBanga

    KangaBanga Member

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    Properties in Sydney are starting to be sold and resold like shares in the share market. Too Hot and Expensive!
     
  16. JohnHenry

    JohnHenry Mister

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    What type of tenants renting in that area ?