See Change and Richard Feynman . let's hype the sydney market thread .

Discussion in 'Where to Buy' started by see_change, 1st Sep, 2014.

  1. MsAli

    MsAli www.propertytwins.com.au

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  2. ej89

    ej89 Member

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  3. see_change

    see_change Apprentice Timing Lord

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    I've decided I like the the results from RE.Com better

    They sent me an email

    Today?s auction results for New South Wales

    Number of auctions 557

    Percentage of auctions cleared (sold)
    Reported auctions
    90.24%


    Ok it's NSW , but I'm happy to go and pretend it's Sydney . Let's face it is there anywhere in NSW that's worth checking out , so it must be all sydney

    :D

    Cliff
     
  4. XMW

    XMW Member

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  5. cadence

    cadence Member

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  6. sanj

    sanj Member

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    You're joking right?
     
  7. skater

    skater Capitalist

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    It's got land and it's in WATERLOO! I'm not surprised by the price.

    Give him a break! He's from Adelaide! Anything over $150k is too expensive!;)
     
  8. eyespy

    eyespy Member

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    Prices in sydney are still going crazy. Would have thought the stricter lending criteria to have some effect on the market .....maybe not enough time to flow in yet or maybe a lot of the sales are to owner occupiers ? Or are some people buying presuming they have finance.....may get a rude shock when finance is rejected.
     
  9. Swearengen

    Swearengen Member

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    The lending criteria hasn't changed all that much - no discounts on interest rates come on its lip service from the banks to apra.
     
  10. hobo-jo

    hobo-jo Not a bear just a realist

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  11. twobobsworth

    twobobsworth Member

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    Adelaide can't really be called a city.
     
  12. ej89

    ej89 Member

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    It aint cooling down anytime soon.. Owner occupiers are paying these prices not investors
     
  13. devank

    devank Why why why?

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    Don't be mean. It has about 25% of Sydney's population :)
     
  14. RetireRich101

    RetireRich101 Member

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    http://www.realestate.com.au/propert...town-119405367
    no it's just R2. Directly across the road is R4. I live 50m from subject prop.

    Newton is a busy road.
    It is not a regular granny flat build at the back. Submit as dual occupancy, hence they can build bigger than 60m2.

    I think the owner did a good job on the presentation which got this property sold at such good price.
     
  15. ej89

    ej89 Member

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    Can anyone get stung post-auction by tightening of lending or have they all got approvals when they go to auction? Imagine putting 10% down and then losing your money by not getting a loan
     
  16. sanj

    sanj Member

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    Come on, you know I myself have been saying some of the prices recently (especially in sydney) are stupid but if you only value a fully renovated 2x2 carlton tce at 500k then I suspect you won't be buying anything for a looooong time if ever
     
  17. monalisa

    monalisa Member

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    Wow! R2 - may be the buyer has hope that zoning will change to R4?

    Btw I am talking about 55 Patrick Street Btown.

    Don't understand what you mean by being able to build >60sqm. From what I understand Btown council is very rigid.
     
  18. RetireRich101

    RetireRich101 Member

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    Under sepp aka granny flat allowable is 60m2. If you need more than this, you can submit DA but car space and private open space applies. Though you cant strata title the end product under blacktown council
     
  19. hobo-jo

    hobo-jo Not a bear just a realist

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    I'd be looking at small commerical properties before wasting $1.4M on a tiny home like that. But each to their own, if you think that it's low risk, would bring a nice yield & is good value or has good growth prospects then go for it. To me it looks way overpriced & like the sort of property that would be smashed in an economic downturn and will stick to bread & butter properties.
     
    2FAST4U likes this.
  20. sanj

    sanj Member

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    Huh? I'm not saying 1.4m is worth paying, I'm saying 500k is pretty light on. I'd buy the whole damn street if a renovated 2x2 terrace in carlton was only 500k