Western Sydney/Parramatta region market is stupidly crazy
- Thread starter MsAli
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- parramatta western sydney
Haha, thanks. Most of that growth is recent. Like in the last 12-18 months. I'm expecting it to keep going for a bit too.
Yes I think you're right Skater. I've been involved on the forum for a while now and watched at times you defend SW Sydney against those detractors.... I guess now its payday and propulsion into the next phase of your strategy whatever that may be. Well done. Sometimes it's not easy being a contrarian investor.
I just had a great result with a val out in Penrith so it's good news all round
Jack
Well, I just got a reval on the PPOR. Up $145k from purchase price 5 years ago.
I am surprised they could find any comparables for a large cat enclosure with attached 4br human retreat.
LOL! Poor valuer! He came in the house & asked if he could go outside. There's glass doors on either side of the meals/family room. I said for heavens sake, use those doors (pointing right), cause if you use the other ones, you'll get overtaken by a swarm of cats.
Yes I think you're right Skater. I've been involved on the forum for a while now and watched at times you defend SW Sydney against those detractors.... I guess now its payday and propulsion into the next phase of your strategy whatever that may be. Well done. Sometimes it's not easy being a contrarian investor.
I just had a great result with a val out in Penrith so it's good news all round
Jack
I have always made bold predictions about 2770. I predicted 350K houses. This has come true. Now I predict 400K entry prices for houses in, lets say, 12 months time.
Hmm......the ex-housie ones aren't at $350k yet, the ones that are selling at that price are nicer, on large blocks of land etc. I'd be happy with the ex-housies going for around $350k. I've got a couple that are earmarked to go, but not just yet.
It certainly is! I've got quite a bit of stock in West & South West Sydney, so I'm happy as a pig in mud.
Hi Skater,
What do you think of other SW areas such as Chipping Norton and Camden?
I'm not near either Chipping Norton or Camden. I've got stuff at Campbelltown. Things are moving along there too, but not to the extent of the West stuff.
For instance, when we bought our PPOR which is in St Clair, we already had an IP in Ambarvale, probably around the same value. Our Ambarvale property is lagging by around 50-60K at the moment.
http://www.realestate.com.au/property-unitblock-nsw-dundas+valley-115238523
Interesting project for those who know units, get on the west syd wave, and create some equity, cashflow depending on how much work is required to restore it and strata it if not already done
Interesting project for those who know units, get on the west syd wave, and create some equity, cashflow depending on how much work is required to restore it and strata it if not already done
Tony, the salesman, has got a great smile so I think it should be a bargain! Though I wonder if they are his real teeth?
west sydney is bit crazy..
found out my handyman has 10 house and all dual income
and my electrician has 5 all dual income..
now is the boss here!!
found out my handyman has 10 house and all dual income
and my electrician has 5 all dual income..
now is the boss here!!
Reminds me of the one at St Mary's not so long ago. Something like 30 Studios & it went for over $3m with a heap of money to spend on it & no way it would be able to be Strata'd.
Met this agent at a Mount Druitt villa last year... interesting guy lol
No idea about Camden but I'm on the other side of Newbridge Rd, pretty much the horse has bolted IMO. I think recently there's a few houses sold for 900+ and as much as $1.1...
He looks a lovely chappy. Never judge a book by its cover.
Too right. I'm going to start trusting RE agents, and used car salesmen. Don't forget politicians and tradies and mechanics. And last but not least..(drum roll)..landlords (yikes.. I'm one of those
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