Cabarita Sydney - 900k in 8 weeks.

Discussion in 'Property Management' started by LifesGood, 23rd Oct, 2016.

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  1. LifesGood

    LifesGood Well-Known Member

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    Perth WA
    Just saw Tom Panos (Sydney Auctioneer) sell a property for 5.413mill. The current owner only settled 8 weeks ago for 4.5mill.

    I thought Sydney was seeing signs of a slowdown? Crazy.
     
    LifesGood, 23rd Oct, 2016
    #1
  2. TylerJamesson

    TylerJamesson Well-Known Member

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    I own x6 properties so I have a vested interest in capital growth but this kind of market behaviour fills me with dread.

    Not normal market behaviour in anyone's book. Have seen how big market blow off top moves plays out in the equity and commodities markets. Cheap debt and limited supply of a hard asset. It's never any different until the tide goes out due to an unforeseen event.
     
    TylerJamesson, 23rd Oct, 2016
    #2
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  3. hammer

    hammer Well-Known Member

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    Are Sydney taxi drivers giving out property tips?
     
    hammer, 23rd Oct, 2016
    #3
  4. dabbler

    dabbler Well-Known Member

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    I think they gave up long ago, their down time is much more productive out hunting and buying every sqm possible :)
     
    dabbler, 24th Oct, 2016
    #4
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  5. big max

    big max Well-Known Member

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    You should be happy to see this. Sell up. Take massive profit. Move it into the Gold Coast market and do it all over again.
     
    big max, 24th Oct, 2016
    #5
  6. Ace in the Hole

    Ace in the Hole Well-Known Member

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    Is there a story behind this?
    Why hasn't some journalist made a big deal of it yet?
     
    Ace in the Hole, 24th Oct, 2016
    #6
  7. Phase2

    Phase2 Well-Known Member

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    Probably still working out how to spin the story as though the vendor is a greedy villain!
     
    Phase2, 24th Oct, 2016
    #7
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