NSW Can we start a Newcastle thread

Discussion in 'Where to Buy' started by Brad81, 20th Jun, 2015.

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  1. Biz

    Biz Well-Known Member

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    If the security fence had spikes on top I would be all over that one!!!!!! :D

    The council plan is to sell of some of the public housing as I said previously but it's still going to have a lot of public housing once it is all done. New Masters is being built there though so maybe people will start tarting up their joints!

    ...I meant their houses not the....you know.
     
    Biz, 7th Nov, 2015
    #501
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  2. samiam

    samiam Well-Known Member

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    @larrylarry - I don't think it would slow down before christmas or not for next 6-12 mths. I know I am buying in "hot" market for ppor :p but won't be paying crazy. contemplating to buy a modest townhouse and live forever too. :rolleyes:
     
    samiam, 7th Nov, 2015
    #502
  3. samiam

    samiam Well-Known Member

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    :p:p:p
    Masters needs time they say...
     
    Last edited: 7th Nov, 2015
    samiam, 7th Nov, 2015
    #503
  4. larrylarry

    larrylarry Well-Known Member

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    Nope, maybe I should do it some time. I'm sure i will get some stares.
     
    larrylarry, 7th Nov, 2015
    #504
  5. samiam

    samiam Well-Known Member

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    one of my friend told me about a patient from windale- didnt want to stay in hospital more than 2-3 days as she was so certain (and worried) that her house be trashed…
    have driven around… don't think I want ip there
     
    samiam, 7th Nov, 2015
    #505
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  6. Biz

    Biz Well-Known Member

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    There is a small group of shops on South street there, if you look on Google street view it looks quite vibrant with a lot happening... Drive past and it is all boarded up and full of graffiti.

    The Google cam probably never made it out of there.. Someone living on Cherry street likely made a bong out of it.
     
    Biz, 7th Nov, 2015
    #506
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  7. inertia

    inertia Well-Known Member

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    inertia, 9th Nov, 2015
    #507
  8. larrylarry

    larrylarry Well-Known Member

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    Thanks. No idea but very well fortified. ;)
     
    larrylarry, 9th Nov, 2015
    #508
  9. larrylarry

    larrylarry Well-Known Member

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    larrylarry, 11th Nov, 2015
    #509
  10. AndrewTDP

    AndrewTDP Well-Known Member

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    I did some DoH inspections for redevelopment in Windale back in 09.

    Yeah, haven't been back since.
     
    AndrewTDP, 11th Nov, 2015
    #510
  11. samiam

    samiam Well-Known Member

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    imho, forget rail lines debates...what newy needs is a good sized exhibition centre near water so that town would get more exposure..
     
    Last edited: 12th Nov, 2015
    samiam, 11th Nov, 2015
    #511
  12. Tekoz

    Tekoz Well-Known Member

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    How about investing in Morisett ?
    Is it any good for existing house with large land component ?
     
    Tekoz, 11th Nov, 2015
    #512
  13. larrylarry

    larrylarry Well-Known Member

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    @Tekoz that's central coast.
     
    larrylarry, 12th Nov, 2015
    #513
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  14. Moych

    Moych Well-Known Member

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    Has anyone used Robinson Property Management out of the Junction? I was walking past their store the other day and saw an advertisement for Property Management from 3.96% (Robinson Property - Rental searches – Robinson Property). That rate seems a bit too low to get any quality to me, but would be interested if anyone on here has tried Robinson's and would recommend them?

    EDIT: Also am I getting it wrong or are Robinson asking for you to self-manage, but they will still take a commission?
     
    Moych, 12th Nov, 2015
    #514
  15. SaiMan23

    SaiMan23 Member

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    SaiMan23, 12th Nov, 2015
    #515
  16. Propertunity

    Propertunity Well-Known Member

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    I put HTW in the same category as BIS Shrapnel. They just struggle with the reality of the marketplace and their forecasting is often wrong.
    When property prices go up, rents stay the same as they are locked in on 6-12 month leases. Add to this that investors have been representing 60% of the market instead of the usual 30% and a lot of rental stock becomes available and there is more competition for tenants, causing a short-term softening of rental yields.
    Now when price increases pause for a breath, rents will go up over time and re-balance the rental yield back to more normal levels.
    Nothing to see here - but it does not make for exciting headlines :rolleyes:
     
    Propertunity, 12th Nov, 2015
    #516
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  17. krispy

    krispy Well-Known Member

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    Maybe we are just all waiting for the the "crash" :) No problem with rent % or filling my properties but then I bought 2 or more years ago and I am more suburb than city. If you have a serge of investors there is going to be an oversupply of rentals for a while in any area. I guess the trick to being a good investor is to take everything into account and hope you have covered all the what ifs?
     
    krispy, 12th Nov, 2015
    #517
  18. larrylarry

    larrylarry Well-Known Member

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    larrylarry, 12th Nov, 2015
    #518
  19. larrylarry

    larrylarry Well-Known Member

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    yeah many what ifs...
     
    larrylarry, 12th Nov, 2015
    #519
  20. SaiMan23

    SaiMan23 Member

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    Wow, that looks great. I hope it gets up. I was worried they were going to stack the rail corridor with apartments.

    Alan, if investors are comprising 60% of the market, and yields really are suffering, would this not potentially deter further investors, creating a downside risk? It seems a little precarious to me to have such a huge investor component. If for whatever reason Newy fell out of favour with the investor crowd, it would create quite a shock for demand. Or is this just the way things roll with the property cycle in Newcastle?
     
    SaiMan23, 12th Nov, 2015
    #520
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