840K IP in North Epping

Discussion in 'Where to Buy' started by bowfinger, 31st Aug, 2016.

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Hold or sell?

  1. Hold

    4 vote(s)
    100.0%

  2. Sell

    0 vote(s)
    0.0%
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  1. sash

    sash Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    15,663
    Location:
    Sydney
    If it is any comfort ...lots of this happening in Sydney....had a convo with my broker on 2 new purchases in VIC......he said last Friday he had 3 properties off the plan fell over:

    1. Duplex in Monterrey...valued only at 1.05m instead of $1.3m
    2. Unit in St Peters...valued at 1.1m instead of 1.25m
    3. Another out West ....valued at 505k instead of 535k

    He reckons this is only the start....and already he is seeing refinance with equity pull outs failing in the Blacktown, Hills, and Liverpool areas.

    Too many people are talking things up.....time will tell..have seen this before...some people have only one cycle. The grim reaper cometh.....in parts of Sydney...don't be holding the can when the music stops...
     
    sash, 5th Sep, 2016
    #21
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