Just auctioned today for 1.3 Mil.
http://www.domain.com.au/property/for-sale/house/nsw/north-parramatta/?adid=2011962613
http://www.domain.com.au/property/for-sale/house/nsw/north-parramatta/?adid=2011962613
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Just auctioned today for 1.3 Mil.
http://www.domain.com.au/property/for-sale/house/nsw/north-parramatta/?adid=2011962613
Just heard from a friend of mine whose co-owned place in western Sydney was listed online today with offers from $599k.
Unconditional offer of $680k as soon as it hit the market.
Accepted.
I've been accused of being bullish , trying to hype or spruik the sydney market .
However confident I am in my own abilities ( believe me I'm not that confident , those on the forum who know me , know I'm a relatively quiet person ) I don't think I can do that ..
However rather than have people drip feed criticisms against me when ever I " report " an article that it is positive about the Sydney market I will post it here .
I have noticed there is another poster , Richard Feynman , who has been equally guilty as I have , so I've put his name up in the title as well . RF , I hope that's ok with you .
Disclaimer . I own several properties in sydney and at some stage will be selling one while keeping the other five.
As a buy and hold investment , at the moment I would not be buying in sydney
The first three articles have been posted elsewhere .
I will report the APM clearance rates . They consistently report higher levels so in the interest of a balanced approach I'll use them
Clearance rate over 80 % for four weeks
Strongest winter market since GFC
Buyers ignore RBA warning
My agenda is I'm watching the Sydney market closely so I can gauge the best time to sell .
Cliff
http://www.domain.com.au/property/for-sale/house/nsw/blacktown/?adid=2011940742
as per auction result this sold for $1,050,000
what the...
some time ago 56a newtown sold for $1,112,000
http://www.realestate.com.au/property-house-nsw-blacktown-119405367
i guess they newton one road sold for a bargain then.
somerhut
That's been the case for a while now (>12 months). To sell 12-15% over the asking price.
Wow! A place near my house just sold for $1.150 mill.
http://www.realestate.com.au/property-house-nsw-rouse+hill-119756699
This is $300k over my last valuation 2 months ago @ $850k, for a similar size and style of property with similar proximity to the town centre and train station under construction. I'm glad I bought my land and started the build when the market and the building industry was still quiet.
I was wondering if the blacktown block has some proposed zoning?
Hey Cliff, the last sentence of your post that got this thread started - how is your agenda going? Are you preparing to sell anything?
Wow! A place near my house just sold for $1.150 mill.
http://www.realestate.com.au/property-house-nsw-rouse+hill-119756699
This is $300k over my last valuation 2 months ago @ $850k, for a similar size and style of property with similar proximity to the town centre and train station under construction. I'm glad I bought my land and started the build when the market and the building industry was still quiet.
That's a beautiful house but yes on smallish land akin to a duplex or large townhouse
Similar price could buy something a lot closer to the city eg
http://domain.com.au/2011800864
Of course not everyone wants or needs to live close to the city
Congrats wombat on the extra equity! Fast way to make 300k
Lol. When I bought my land, I was worried that I was too eager and paid 20k over market value. That was a good investment to secure the block.
A large backyard was not a high priority. Proximity to the town centre and new train station was my main consideration for capital growth.g Plus I like the quiet neighbourhood.
Cliff, I think you mentioned on another thread that you stopped buying in sydney. Curious to know where this recent buy was, if you care to share? From memory you were eyeing off Brisbane? (Or was it Adelaide? Or a regional? My memory is shot, today!)