NSW Can we start a Newcastle thread

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

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  1. AndrewTDP

    AndrewTDP Well-Known Member

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    You mean to say that the normal property cycle exists? Shocking news :p

    I've noticed a slight softening in prices in Carrington (flood of purchases of investment properties basically), but most places have seen an increase since I last looked in 2013.
     
    AndrewTDP, 12th Nov, 2015
    #521
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  2. samiam

    samiam Well-Known Member

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    @AndrewTDP - did it go down much with last syd cycle?? or cycle ever exist in newy??
     
    samiam, 12th Nov, 2015
    #522
  3. larrylarry

    larrylarry Well-Known Member

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    I doubt it will go down much. There are stimulus in the pipeline. Time will tell I guess with my carrington property. Are you waiting for prices to go down? New lambton prices continue to move.
     
    larrylarry, 12th Nov, 2015
    #523
  4. samiam

    samiam Well-Known Member

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    not waiting to go down. looks like we might have to move again for jobs :(
     
    samiam, 12th Nov, 2015
    #524
  5. AndrewTDP

    AndrewTDP Well-Known Member

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    Nah, only thing I'm waiting for is the right property and to get back from overseas.

    Have to stop sending all the good sites on to clients.
     
    AndrewTDP, 12th Nov, 2015
    #525
  6. larrylarry

    larrylarry Well-Known Member

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    Move again? You or partner? What do you do?
     
    larrylarry, 12th Nov, 2015
    #526
  7. larrylarry

    larrylarry Well-Known Member

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    As long as you're making money the right property will come.
     
    larrylarry, 12th Nov, 2015
    #527
  8. Propertunity

    Propertunity Well-Known Member

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    That was the risk the RBA was concerned about too, and has largely been resolved now (by the looks of it) with the APRA tightening on lending having its desired effect.

    There is nothing to suggest a cause for this.

    That's the way the cycle has been running for all booming areas, not just Newcastle.
     
    Propertunity, 13th Nov, 2015
    #528
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  9. lightbulbmoment

    lightbulbmoment Well-Known Member

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    Just looked at rent section of real estate for newcastle greater area.

    Lots of nice places that look more like an upgraded ppor family home for rent greater than 700 a week.

    people are obvs buying but cant afford now but wont to live in later.
     
    lightbulbmoment, 13th Nov, 2015
    #529
  10. larrylarry

    larrylarry Well-Known Member

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    Which burbs?
     
    larrylarry, 13th Nov, 2015
    #530
  11. lightbulbmoment

    lightbulbmoment Well-Known Member

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    One in broadmedow and one in new lambton.
    Not your ip type houses would be a shame to get trashed.
     
    lightbulbmoment, 13th Nov, 2015
    #531
  12. Mr Dabolina

    Mr Dabolina Well-Known Member

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    Last edited: 13th Nov, 2015
    Mr Dabolina, 13th Nov, 2015
    #532
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  13. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

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    Anyone else noticing prices falling in areas such as Jesmond ?
    And around the University areas ?
    Noticed several houses I looked at in July 2015, now much cheaper with some with 100k off the price ! Actually two with 100k knocked off the price.

    I really love the Jesmond area but seems houses are slow sellers around there.
     
    Darlinghurst Boy, 16th Nov, 2015
    #533
  14. larrylarry

    larrylarry Well-Known Member

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    Maybe there are bargains now to be had. I haven't looked into Jesmond at all so can't comment further. Are you looking at CF+ and that's why Jesmond might fit the bill? I have agents calling me now about properties (new listing) in Newcastle. Signs?
     
    larrylarry, 16th Nov, 2015
    #534
  15. Propertunity

    Propertunity Well-Known Member

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    Why would anyone buy an IP that will settle before Christmas, right mid student holiday period, and suffer vacancy until probably March 2016?
    Additionally, the Uni has its own student accom. that you as a private LL are competing with.
     
    Propertunity, 16th Nov, 2015
    #535
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  16. Biz

    Biz Well-Known Member

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    I blame ze Germans.
     
    Biz, 16th Nov, 2015
    #536
  17. AndrewTDP

    AndrewTDP Well-Known Member

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    And Council is cracking down on them as well.

    You cannot take one tiny segment of the market as an overall indicator.
     
    AndrewTDP, 16th Nov, 2015
    #537
  18. AndrewTDP

    AndrewTDP Well-Known Member

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    I've gotta stop flicking on development sites to clients :(

    I'm back in the game in the new year. Gone for a nice long term rental that we're actually going to be happy in rather than the current dive and will be pursuing a 4-6 townhouse development site in the new year.

    We had a long chat, and have agreed that it's a better long term option.
     
    AndrewTDP, 16th Nov, 2015
    #538
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  19. larrylarry

    larrylarry Well-Known Member

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    Thumbs up!
     
    larrylarry, 16th Nov, 2015
    #539
  20. lightbulbmoment

    lightbulbmoment Well-Known Member

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    Good to hear. 568 glebe road is a 4 townhouse development project wouldnt of thought you would get 4 on there but looks like you can.
     
    lightbulbmoment, 16th Nov, 2015
    #540
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