Pendle Hill is also in the dark green group (strong growth). Happy with Pendle Hill & Homebush
See Change and Richard Feynman . let's hype the sydney market thread .
- Thread starter see_change
- Start date
Agent quoted around 8's which we all know is BS anyway.
I figured it would sell around high 8's low 9'. So not well above what i thought, but well above what the agent said... but of course its "always hard to tell and there was unprecedented market demand".
Then again it could be have been because it was R3 zoning, there was one person who may have been a builder, they were the under bidder @ $1m.
You could clearly see that there were some disheartened people in the crowd who probably did B&P inspections based on the agents words.
Million dollar view with a million dollar price tag, can't really fault that one. It's those sheep paying half a million for a block of land 40km from Sydney that I think are nuts.
Skater and others will be pleased to know that mt Druitt is one place predicted to out perform the rest
Cliff
WooHoo!
But, I already knew that.
BTW, from what I've seen in the market, St Clair, Erskine Park are out performing any of the suburbs at the moment. It's a buying frenzy ATM.
We've been looking to upgrade the PPOR again and have found similar quality properties in neighbouring suburbs are substantially cheaper. By neighbouring suburbs, I do mean the better quality ones, not Letho.
For instance, we've looked at Claremont Meadows, Leonay, Emu Plains, Minchinbury & Quakers Hill. OK, some of them aren't neighbouring, but they have been of similar price in the past. Quakers has been more expensive, but not at the moment.
I'm thinking we may just stay put.
I made this, showing the APM auction median sale price over the last month and a half:
Looks like the old 'seagull topping pattern' to me, same as the 1987 stock market crash
Looks like the old 'seagull topping pattern' to me, same as the 1987 stock market crash
Hehe .... You are getting desperate ....
Cliff
Looks like the old 'seagull topping pattern' to me, same as the 1987 stock market crash
FMD,Hobo-Jo it was a different world back then,and there was less sophisticated investors as today and there was not the various specialists
to cast judgment on the likelihood of any economic-military,or political over any specified time frame,pick up any newsprint any day and you see so many different angles and 20 thousand predictions and most who forecast live week by week without investing in anything above their employer paid super..
But this is something to think about 85 million factory jobs will be leaving China over the next few years..
The chart was only a joke willair, but don't agree with this "less sophisticated investors as today", we repeat the same mistakes time and time again, it's human nature. Which is why I think a cyclical approach (such as that used by see_change) to investing makes sense, we just don't see eye to eye on how far along Sydney is in the current cycle.
Mate we both know how far this will run,and you don't need a "PhD" or any Degree to realize the real competence of journalists experts who write for the newspapers,the bell curve stops once the rates start to go skywards,when that happens if the base line for breakeven in iorn-ore
is around $50.00..
Sydney's best ever August........
The Sydney market has recorded its best-ever auction results for the month of August with 2660 listings and 1925 sales.
Low interest rates have been a key driver of housing markets activity over the past year. The Reserve Bank met last week and although economic indicators remain mixed the Bank left rates on hold for the 13th consecutive month ? the longest steady sequence since 2003. Although rates are set to remain on hold over the near-term, a weakening economy - particularly rising unemployment ? together with a stubbornly high dollar will continue to put a downward bias on potential interest rate outcomes ........
Cliff
The Sydney market has recorded its best-ever auction results for the month of August with 2660 listings and 1925 sales.
Low interest rates have been a key driver of housing markets activity over the past year. The Reserve Bank met last week and although economic indicators remain mixed the Bank left rates on hold for the 13th consecutive month ? the longest steady sequence since 2003. Although rates are set to remain on hold over the near-term, a weakening economy - particularly rising unemployment ? together with a stubbornly high dollar will continue to put a downward bias on potential interest rate outcomes ........
Cliff
Clean up this spring
Latest from SMH
View points from a few different agents across the city . Comments seem generally to the point in areas I know .
Agents say demand is strong across most price points as the market enters the peak selling season.
Cliff
Latest from SMH
View points from a few different agents across the city . Comments seem generally to the point in areas I know .
Agents say demand is strong across most price points as the market enters the peak selling season.
Cliff
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