Where to buy in Sydney for MAX short term CG
- Thread starter JameZ
- Start date
Of course everything always looks overpriced when you're buying, but when you look back after owning for 10+years, we all say we wish we had purchased more of them at the time.
Yes, I would mind.
We buy a number (starts with "A" ends with "LOT") in the Inner West and are having a difficult (but moderately successful) time doing it.
Of course everything always looks overpriced when you're buying, but when you look back after owning for 10+years, we all say we wish we had purchased more of them at the time.
Yes, I would mind.
We buy a number (starts with "A" ends with "LOT") in the Inner West and are having a difficult (but moderately successful) time doing it.
Haha, I am sure there suburbs with a similar name across Sydney.
I think after this cycle, all the inner west suburbs are now blue-chips. Most of my mates who had purchased inner west houses are saying they will put the property in their Will and won't be selling them.
There's just not that many houses in the inner west circle
Sorry should have been more specific, was referring to the north west rail link, I don't think the existing train line is doing any favors for the suburb whatsoever, the northwest rail link should have an impact on prices in the area.
Riverstone current median price $546k
Was floating around 400k 2010 to 2012
Not much capital growth yet and that increase is probably due to new builds.
I'de expect prices to be similar to kellyville ridge once developed which currently has a median of $778,000
$546 does seem low, as ej89 said H+L is $650+ but 1mil would get a great big house on a block big enough for future subdivide.
Growth might be Slower than the 2 years your after though.
Agree with that view. I think the area is unlikely to see much (if any) correction before the NWRL opens in 2019. The rate of might slow though.
My place has gone up 15% in one year based on a valuation completed this week
I think the major issues i'd have with Riverstone compared to Schofields, Marsden Park and The Ponds is that Riverstone doesn't have a gigantic developer going in there and making proper estates. It's just a small dodgy development company atm thats building estates between houso homes and old ugly homes..these smaller companies are also using crappy builders like Eagle homes..
That median is around the 550k mark but is only getting high because of new builds and farms.. A $1m property will take you further than the 675k H&L but obviously check out the zoning and how much of the land you can use..
That median is around the 550k mark but is only getting high because of new builds and farms.. A $1m property will take you further than the 675k H&L but obviously check out the zoning and how much of the land you can use..
All the OTP packages have clauses that are favourable to developers. You cannot do anything about it as they are all selling like hot cakes for the last 2 years. I would stick with large developers like Mirvac, Stockland, Australand etc just for you to sleep easy.
The Ponds is already sold out (new lands of course). Schofields and Marsden Park have both Mirvac and Stockland either selling or going to sell H&L packages. There are major master plans for both suburbs.
Happens during the day in all new estates because the people living there are nearly all families. They are very quite during the day because the kids are all at school/daycare and the parents both out working. During the night is different though, that is a bit of a worry but again, it happens everyhwere.
Yep they usually favour the developer but I know I wont sleep at night if its some small dodgy developer who is selling H&L packages before even getting council approval.. What if the council comes back and makes em change the size of the land or move things around? Reason why Stockland, Mirvac, Lend Lease and Australand take so long is cos they get approval for each stage before selling.. At least then I know I actually own the land and how big it is
I think Sydney is crazy stupid atm. I don't think I've ever seen it this heated and IMHO it's as hot as it was in 2003. The party has to end at some point.
The horse has bolted there as well.
Ruse/Raby/St Andrews/Leumeah/Woodbine easily gone up 10% in the space of 2 months...still kicking myself for not delaying my overseas trip now I've gotta find an extra 50k from somewhere to buy something there.
Why do you have to buy there?
Normanhurst/Thorneigh are on a different line. Shouldn't be impacted by NWRL but will be affected by the freeway bypass of Pennant Hills Rd
Need something to house the outlaws at a reasonable distance from where I am. Anything near where I am is at least another $200k and the yield would be high 2's at best.
