I believe the average price is a better indicator of what the market is doing.
No the average is definitely not better, which is why the median is always used.
Median is not affected by one or two really low or really high values in the set.
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I believe the average price is a better indicator of what the market is doing.
I have an IP in Whalan, rent is $360 pw and could probably be revised up a bit.
Don't get caught up in it...neutrally geared stock can be found in much 'nicer' areas...
3 or 4br?
What I dont get is why people pay that kind of rent in 2770 when there are much nicer houses in much nicer suburbs nearby for similar $ per week.
Nearby? Only thing nearby at that price would be St Marys. And thats like going from the fry pan into the fire lol!
Nothing in Minchinbury or St Clair at that price. These areas have alot of riff raff as well.
As a comparison, I live in a 3br mid 90's renovated brick veneer home with two living areas in one of the best streets in the suburb and pay $370pw.
A million is just crazy.
I would not buy in 2770 unless there are crazy yields and insta-equity up for grabs (will require significant reno work thanks to the current western sydney hype)
Don't get caught up in it...neutrally geared stock can be found in much 'nicer' areas...
3 or 4br?
What I dont get is why people pay that kind of rent in 2770 when there are much nicer houses in much nicer suburbs nearby for similar $ per week.
Nearby? Only thing nearby at that price would be St Marys. And thats like going from the fry pan into the fire lol!
Nothing in Minchinbury or St Clair at that price. These areas have alot of riff raff as well.
Sometimes people are willing to pay extra to stay close to family, school and friends. Keeps the kids happy.
Yep! We're the riff raff!You mean like myself and skater?
As a comparison, I live in a 3br mid 90's renovated brick veneer home with two living areas in one of the best streets in the suburb and pay $370pw.
Yes, cause every person that lives in 2770 trashes their homes.
I would not buy in 2770 unless there are crazy yields and insta-equity up for grabs (will require significant reno work thanks to the current western sydney hype)
not sure how you came to that assumption
I'm saying that anything half decent and rentable is getting picked up by mum and dad investors for inflated prices and the only real way to pick up a bargain and make money in 2770 nowadays is buying a dump and renoing
Nearby? Only thing nearby at that price would be St Marys. And thats like going from the fry pan into the fire lol!
Nothing in Minchinbury or St Clair at that price. These areas have alot of riff raff as well.
Sometimes people are willing to pay extra to stay close to family, school and friends. Keeps the kids happy.
My future inlaws live at Minchinbury in a 6 year old place they built in a street with similar quality homes. Probably the only thing it has in common with Whalan is the postcode.