potts point / woolloomooloo

[Oscar]

http://www.realestate.com.au/property-apartment-nsw-potts+point-110792687

what do you cats make of this. Great pad for a couple to live in the big city? I've asked for price expectations. Great location.

 

[Oscar]

the address is 3/1A Wylde St. Potts Point.

 

[pieman]

How many $m is it?

 

[moyjos]

Doubt it would be a viable IP but it is lovely... I wouldn't say no if someone said I had to live there for a while ......although my husband would, he just doesn't do stairs

 

[Propertunity]

How many $m is it?

Unit 3 sold for $4.0M back in 2005. So I guess a bit more than that is, some 7 years later.

 

[china]

http://www.realestate.com.au/property-apartment-nsw-potts+point-110792687

what do you cats make of this. Great pad for a couple to live in the big city? I've asked for price expectations. Great location.

The first time I have seen us referred to as cats. Why not dogs or birds?

 

[travelbug]

Sold for $4M in 05.

Nearly doubled in price from 03-05.

Number 1 sold for $6M. NICE!!!!

Too quick for me Prop.

 

[wobbycarly]

Seems like the sort of place that you need to have the "right" furniture for, too. Wouldn't suit us!

 

[pieman]

Sold for $4M in 05.

Nearly doubled in price from 03-05.

Number 1 sold for $6M. NICE!!!!

Too quick for me Prop.

According to the doom and gloomers, a place like that is worth just shy of $400k as that's the "fair price" calculated from a multiple of the average salary.

 

[Oscar]

lets see what the agents come back with. it's only a 2 bedder, some 180 square metre internal living space. I'd be interested in anything under 2.5m.

 

[pieman]

lets see what the agents come back with. it's only a 2 bedder, some 180 square metre internal living space. I'd be interested in anything under 2.5m.

It sold for 4m a few years ago and you're expecting to get it for under 2.5?
Has the top end in Sydney had that much of a drop?
That would be near 40%

 

[Oscar]

2/1A Wylde St sold for around 4m and it's a 4 bedder with great harbour views. This is significantly smaller. No harm in trying. I should find out early this week.

 

[Jacque]

Hey Oscar

Getting itchy feet to move again? $4m is a big price even for that part of town but you do have good taste

On the upside, you could buy 5 or 6 three bed terrace houses for the same money and get some rental income

 

[Oscar]

The agent tells me the vendors expect $6m +.

I am simply out of touch with Sydney expectations. Been looking at Atlanta for too long!

Jaque - I was looking to take the opportunity to rent it out, before in-patriating (is there such a word?) myself back home in a few years.

 

[pieman]

Yeah its all doom and gloom over here mate, prices are down 40% across the board...

 

[Rolf Latham]

The agent tells me the vendors expect $6m +.

I am simply out of touch with Sydney expectations. Been looking at Atlanta for too long!

Jaque - I was looking to take the opportunity to rent it out, before in-patriating (is there such a word?) myself back home in a few years.

Good quality stock hasnt really been out of the market even though there has been a slow down.

ta
rolf

 

[Oscar]

Hey Oscar

On the upside, you could buy 5 or 6 three bed terrace houses for the same money and get some rental income

...or maybe 120 good quality homes in atlanta, georgia

 

[Ideo]

The agent tells me the vendors expect $6m +.

I am simply out of touch with Sydney expectations. Been looking at Atlanta for too long!

Jaque - I was looking to take the opportunity to rent it out, before in-patriating (is there such a word?) myself back home in a few years.

You could get a much nicer place on the other side of the harbour for that imo.

 

[Propertunity]

...I was looking to take the opportunity to rent it out, before in-patriating (is there such a word?) myself back home in a few years.

Close, but the word you're looking for is "repatriating"

 

[Oscar]

You could get a much nicer place on the other side of the harbour for that imo.

You're probably right Ideo. Every few months I fancy buying a nice PPOR for my eventual repatriation (thanks for the word propertunity), to Australia. The default plan is to move into my eastern suburb flat and mountain home. Clovelly and Leura are nice places to be - I should just stick with that and use the excess funds to enjoy life mortgage free.