As an investor would you buy in sydney at current valuations?

Discussion in 'Property Market Economics' started by TheSackedWiggle, 16th Aug, 2019.

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  1. TheSackedWiggle

    TheSackedWiggle Well-Known Member

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  2. Sackie

    Sackie Well-Known Member Premium Member

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    @TheSackedWiggle


    I'd buy anywhere which shows a profit from adding value somehow .

    I'm currently very focused on Brisbane so I haven't been following Sydney markets that closely. Probably looking into Sydney very closely in about 12 months.

    My gut feeling though is there are probably some good unit Reno deals and sell in 12 to 18 months if you are able to buy well.
     
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  3. kierank

    kierank Well-Known Member

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    Not buying property anywhere as we are in pension phase (not accumulation phase).

    When the recession hits and hits really hard, I could be forced out of retirement as we have a $hite load of cash in our buffers :eek:.

    Then I would have to decide whether to go after shares or property.

    Not losing any sleep over it :D.
     
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  4. Woodjda

    Woodjda Well-Known Member

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    Having a stack of money in cash is a good place to be. In the next couple of years there will be some great buying opportunities it's just a question of what in.
     
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  5. skater

    skater Capitalist -- www.skatepro.com.au Premium Member

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    Yep! Already have. Bought, reno'd & sold. Gone unconditional, but not settled yet. Thread coming soon.

    When nobody else is buying, that's the time to get in there. Be picky & look for value. Go for auctions where there's no competition. If you've got the skills look for something that needs work. If you don't, stay clear and just look for a good deal.

    What I look for & what you look for might be completely different though.

    This!
     
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  6. Sackie

    Sackie Well-Known Member Premium Member

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    Sharing is caring.....spill it...:D
     
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  7. skater

    skater Capitalist -- www.skatepro.com.au Premium Member

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    Patience grasshopper.
     
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  8. kierank

    kierank Well-Known Member

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    Is that because @Sackie is into grass?
     
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  9. Scott No Mates

    Scott No Mates Well-Known Member

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    Nah, that's @datto. It's poor form to be smoking around home when you've got a littlie. :confused:
     
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  10. kierank

    kierank Well-Known Member

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    @Sackie might be selling it, not smoking it :D.
     
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  11. Oliver Shane

    Oliver Shane Well-Known Member

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    Now THAT is a way to make the investment fundamentals stack up in western Sydney despite the 2-3% yield, start a little indoor agricultural enterprise!
     
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  12. Sackie

    Sackie Well-Known Member Premium Member

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    Agree, very poor form. Annoyed that @kierank would suggest that. The most I'd let her do is help with the cutting and packaging.
     
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  13. kierank

    kierank Well-Known Member

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    C’mon, give her a cut of the loot :D.

    Kids should learn about risk vs reward from a very early age, if you want them to become good investors ;).
     
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  14. AnDy62

    AnDy62 Active Member

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    Probably a bit of tangential comment, but I was in Sydney recently running City2Surf. I had lunch in Manly and realised that even high earning professionals are living in apartments (not surprising when you're looking at 7 figures for 2-bedders). That just drove home to me how competitive good locations are in Sydney and will continue to be. So I can see the longer term rationale even with high entry costs. Don't know Sydney well enough to comment on where exactly I'd be looking.
     
  15. Sackie

    Sackie Well-Known Member Premium Member

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    I've got a whole shelf of books ready for her when she's ready. I've started reading it to her. Also take her to Renos and freedom. She loves to test out their couches while she learns design skills :D

    Ok back to thread.. Apologies for semi derailment.
    Screenshot_20190817-162121.png

    Screenshot_20190817-162057.png
     
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  16. skater

    skater Capitalist -- www.skatepro.com.au Premium Member

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    @Lil Skater used to love going to Bunnings when she was young. It was her favourite store.
     
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  17. datto

    datto Well-Known Member

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    It's official. It's in the media. Mt Druitt is the place to buy. More to come. A little busy right now.
     
  18. kierank

    kierank Well-Known Member

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    My oldest granddaughter (who will turn 5 at the end of next month) owns shares in Wesfarmers (WES).

    She makes her parents do their shopping at Coles (was part of WES before its demerger), Bunnings and Officeworks as they are her shops :D.

    Her father takes her to every OFI that he attends. She grabs a brochure and checks out the property, the cupboards, ...

    She is getting an all-rounded education ;).
     
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  19. Sackie

    Sackie Well-Known Member Premium Member

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    The whole nurture and nature thing. My pediatrician believes that nurture far outweighs nature. I reckon if I expose her to the whole property/design/Reno/development game from now... it's gotta rub off on her. And by the looks of what she likes already ( loves jewelry stores and hypnotised by the diamonds) she's gonna need big bucks for it!
     
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  20. AnDy62

    AnDy62 Active Member

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    Home of the great Nathan Birch investing story.
     
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