I'm sure I'm not the only one.
Haha well good luck to you, hopefully you have some buffers, insurance and risk mitigation in place.
market near the top
- Thread starter Deltaberry
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Haha well good luck to you, hopefully you have some buffers, insurance and risk mitigation in place.
Have townhouses on the market at the moment in Melb and my agent has confirmed that he has had many phone calls from Syd investors who are looking to buy in Melb, I think it has something to do with the price
Cheap as chips compared to SydWhat's the median in Syd.. around $920K, what's the median in Melb around $660K...
MTR
Thanks! Yes, yes and 7.2% yielding portfolio. So far. . . .
Certainly overhearing a lot of conversations about property.
People talk about whatever the media are huffing about.
I think there will be a lot more talk as Sydney approaches, then surpasses the $1mil median as measured by each of the major data providers.
Not to mention the media frenzy if rates drop again which, if it happens, will probably be right around that magic median milestone..
People talk about whatever the media are huffing about.
I think there will be a lot more talk as Sydney approaches, then surpasses the $1mil median as measured by each of the major data providers.
Not to mention the media frenzy if rates drop again which, if it happens, will probably be right around that magic median milestone..
Oh yes I am in Melb. I did say nearing the top. I suspect Syd is already at the top.
any words with Brisbane/Adelaide tax drivers talking property?
Lucky to find one in BN who speaks eeengalish
that has been my experience. last time there I asked to be dropped anywhere at south bank, driver didn't know where it was. is that weird?
Have been to a few. One property came up recently, would have put in an offer, but sold the day before I was able to get there for an inspection. I am not in a rush, but starting to actively look. Holdens is already laying off staff, unemployment rate is already fairly high in SA, it will probably get worse, but I'd be surprised if I haven't bought (at least once) before the "end of the car industry" (2017).
They are also probably putting in a (shorter term) growth peak, but I think it will be less significant than in Melbourne/Sydney... i.e. once Sydney peak is in it will probably be another 5+ years before further nominal growth (like the 2003 peak or worse).
I believe it ticked up recently (May graph).
Sydney has passed the top....the people buying now will regret.
Melbourne inner is at 12....middle is at 11...but outer is still at 8-9 o'clock.
Melbourne inner is at 12....middle is at 11...but outer is still at 8-9 o'clock.
I think Glen Waverly is already at 11pm....I was referring to all the cheap Melbourne suburbs that Melbournites like to bag....Wydnham Vale...Werribee...Melton South...Frankston North...Broadmeadows...etc...etc.
Best time to buy in glen waverly
Best time to buy in glen waverly
I'd have to sell some CBD commercial to afford a knock-down job in Glen Waverley.
Would argue inner is 11, middle east is 12:30am, right at the peak. Outer east also at 12:30am. North is 8-9. West is 10-11.
