Another crazy Sydney price

Discussion in 'Where to Buy' started by Depreciator, 8th Feb, 2021.

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  1. Depreciator

    Depreciator Well-Known Member

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  2. hash_investor

    hash_investor Well-Known Member

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  3. qak

    qak Well-Known Member

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    There's some place in Kellyville thats going for something like $3.5-4m?
    Have to find a link, bit busy right now.
     
  4. Lacrim

    Lacrim Well-Known Member

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    What do you reckon the pre-COVID price would have been...say late 2019?
     
  5. spoon

    spoon Well-Known Member

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    A lesson learned. In 1991 I bought a property in Wagga, $108k. The estimate today is $360k. This property bought in 1992 @ $168k, now sold for $1.73M. Who said city and location are not important? :(
     
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  6. jaybean

    jaybean Well-Known Member

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    wont you look silly when all 7 million people leave Sydney.
     
  7. hash_investor

    hash_investor Well-Known Member

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  8. Depreciator

    Depreciator Well-Known Member

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    I'm not sure, but I suspect not that high. Prices were a bit softer then.
    This one also could have been a result of a couple of especially determined buyers at a well patronised auction. That can skew things pretty quickly.
     
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  9. spoon

    spoon Well-Known Member

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    I am not sure if that would happen. Covid will eventually pass. Sydney will be Sydney again. I believe. Time will tell...
     
  10. jaybean

    jaybean Well-Known Member

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    it was a joke :)
     
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  11. Lacrim

    Lacrim Well-Known Member

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  12. spludgey

    spludgey Well-Known Member

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  13. Redom

    Redom Mortgage Broker Business Plus Member

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    Does double lot mean anything? Maybe its a development premium on it?
     
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  14. hash_investor

    hash_investor Well-Known Member

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    Even the losing participants ;) I called the agent to confirm.
     
  15. datto

    datto Well-Known Member

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    Watch all those people who left Sydney get bored shirtless and start coming back to the big smoke.
     
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  16. MWI

    MWI Well-Known Member

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    Price guide was $1.3M, and quite small block around 333-341msq. Low Density residential, and building 125msq.
    I think the higher income price bracket in those suburbs perhaps is pushing prices and more young and hip demographic all want to live there as apparently that's where all the action is?
    Just check out the demographics:
    Marrickville - Property Sold Prices
     
  17. unicorntears

    unicorntears Well-Known Member

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    In Marrickville, 33 buyers registered to bid on a two-bedroom house at 2 Harney Street.

    The 341-square-metre block was on the market from the opening bid of $1.4 million, which was bang on the reserve price.

    The deceased estate sold for $1.73 million, $330,000 above reserve, to a buyer who was looking to build a house for his son, according to Adrian William’s Adrian Tsavalas.

    The property last sold for $168,500 in 1992, records show.

    Sydney auctions: Camperdown townhouse that failed to sell last year snapped up for $1.8 million
     
  18. jaybean

    jaybean Well-Known Member

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    The reason I know about this property was cause the whining whiners on Whirlpool where whining about it lol
     
  19. thunderstrike888

    thunderstrike888 Well-Known Member

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    LOL Whirlpool. A bunch of guys that mostly downramp property 100% of the time.

    I got banned from Whirlpool many years ago for arguing with some monkey about why he thinks property was going to take a massive dive imminently. I wonder how that guy is doing seeing what property is doing right now. LOL
     
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  20. jaybean

    jaybean Well-Known Member

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    Ok so here's the thing. It's such a toxic place that I left years ago, but recently I've found myself back there just to bask in their salty tears. I've been having so much fun just reading, and refrained from joining the conversation, but this reply really caught my attention yesterday:

    [​IMG]

    You can almost taste the salt in his reply. Oh my god it's almost tangible. Here you have two pessimists eating each other alive. There's no concept of a spectrum of wealth anymore, there's just the greedy fat cats and the "good guys", nothing in between. If you have even $1 more than me, you're lumped together with all of them. The absurdity of this reply really made me laugh out loud. It epitomizes so much of what's wrong with that community. I felt like replying "Bull-shark...you can afford electricity to your house to type that reply??? Ooo lala look at you, you rich snob.". But alas I couldn't remember my password lmao. Worked out for the better anyway, I just don't have the appetite to argue with those sorts of people.
     
    Last edited: 9th Feb, 2021
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