What can you get for that money in Coogee?
I don't follow the market there, but would not imagine much could be had at that price.
Hopefully can get a 1 1 1 in a complex of circa 12. Still could be possible to get a 2 bedder but no parking
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
What can you get for that money in Coogee?
I don't follow the market there, but would not imagine much could be had at that price.
That was my question too. If you can only get say a 1 bedder and you're expecting up to 40% growth do you see it going up to say 800K? Surely that's impossible
No, but I know you are funny or try to be sometimes. Cheers.Are you trying to be funny?
Yes, can see this happening easily. 1 bedders already go for over 800k.
Older 1 bedders for 800k?? If that happens it would be time to exit the market imo
Looking at some of the discussion here lately I would say yes.
considering most folk here were talking about buying in Sydney 2 years ago....
Remember this place leads the pack , so when we get really excited and over exuberant , there is still some to go , but as
NO ONE KNOWS WHEN IT WILL STOP ,
THE LATER YOU LEAVE IT , THE RISKIER IT BECOMES
I have a low tolerance for risk , so I'm happy to watch Sydney from the sidelines , while planning my next buys elsewhere .
Cliff
So people here were talking about Brisbane late 2013 and last year ....
Cliff
I just achieved my goal of this thread - which was to get see change to post.
Good advice too Cliff. Do you think we are seeing wide spread silliness yet though? I myself don't think so which is why I think we have a while to run yet especially if the trend in interest rates is down still.
To me there is no herd effect yet but I think we are getting close. Once the herd starts then I still reckon you have a year to run. What was the experience in 03/04?
Not many older 1 bedders about. From year 2000 on they started to build a few 1 bedders.
I reckon everything has a relevance factor. If a 2 bedder is selling for $800k and a one bedder is selling in the same market for 600k then when the boom is over and the two bedder is worth 1200k then the one bedder should be worth 900k. Both a 50% return. There will of course be variations in prices for properties in individual cases but as a general rule I believe in this theory. How about you?
Cliff,
You and Richard make me re-consider sell/postpone every week. I monitor the auction result with eagle eye every week. Read Skater, and other people sell their west syd makes me wonder..
Definitely open my mind more every single day
Remember this place leads the pack , so when we get really excited and over exuberant , there is still some to go , but as
NO ONE KNOWS WHEN IT WILL STOP ,
THE LATER YOU LEAVE IT , THE RISKIER IT BECOMES
I have a low tolerance for risk , so I'm happy to watch Sydney from the sidelines , while planning my next buys elsewhere .
Cliff
My post was answering the question whether the market was entering a euphoric state in Sydney, not whether there was more growth left. You'll only know that when it's over.