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From: Jef .
I am another newbie who has been watching this forum for a long time. I have lot of admiration and respect for those who dare to venture and achieved success in the real estate game.
I am a bit of a faint hearted who, having bought at the height of market in 1988, have become reluctant to buy in the last few years. I have been waiting for prices to come down after the olympics as the experts predicted. To my horror, prices even went higher in the last year.
My patience is now exhausted after 4 years of waiting. We have again missed the boat. We now desperately need to upgrade our home as our current home is getting old and our kids are going to university next years, we need to move closer to the city and public transport.
I have been eyeing the Home bush Area in Sydney, since it seems to satisfy all our needs such as afford ability(~400K for a 3-4BR townhouse), good schools, public park land, sporting facilities, transports and distance to the city. Note that we are interested in small blocks of townhouses, not the big developments like Newingtons or Liberty Grove as we figure we cannot afford the body corporate for the extra facilities.
I would like opinions from more experienced investors in Sydney on prices and potential for capital growth in that area. Also should I wait longer for prices to come down so should I just go ahead and purchase if I come across something that I like. I guess that having bought at the height of the market 1988, I have been suffering from a serious case of analysis paralysis.
Any opinions, cautions or encouragement from experienced investors will be much appreciated.
I am another newbie who has been watching this forum for a long time. I have lot of admiration and respect for those who dare to venture and achieved success in the real estate game.
I am a bit of a faint hearted who, having bought at the height of market in 1988, have become reluctant to buy in the last few years. I have been waiting for prices to come down after the olympics as the experts predicted. To my horror, prices even went higher in the last year.
My patience is now exhausted after 4 years of waiting. We have again missed the boat. We now desperately need to upgrade our home as our current home is getting old and our kids are going to university next years, we need to move closer to the city and public transport.
I have been eyeing the Home bush Area in Sydney, since it seems to satisfy all our needs such as afford ability(~400K for a 3-4BR townhouse), good schools, public park land, sporting facilities, transports and distance to the city. Note that we are interested in small blocks of townhouses, not the big developments like Newingtons or Liberty Grove as we figure we cannot afford the body corporate for the extra facilities.
I would like opinions from more experienced investors in Sydney on prices and potential for capital growth in that area. Also should I wait longer for prices to come down so should I just go ahead and purchase if I come across something that I like. I guess that having bought at the height of the market 1988, I have been suffering from a serious case of analysis paralysis.
Any opinions, cautions or encouragement from experienced investors will be much appreciated.
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