Coogee / Bronte / Clovelly Unit

Discussion in 'The Buying & Selling Process' started by miscg, 28th Aug, 2016.

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  1. miscg

    miscg Member

    Joined:
    25th Jun, 2015
    Posts:
    20
    Location:
    Sydney
    Hi Everyone,

    I am contemplating purchasing another IP in possibly Bronte, Coogee or Clovelly. I am thinking about a 2 Bedroom unit with car park.

    My question is given all the stuff going on about an adjustment in Sydney etc, what are your thoughts about buying now in these suburbs.
     
  2. Ouga

    Ouga Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    534
    Location:
    "Trying is the first step towards failure" Homer
    It's definitely a great location, always going to be in demand.
    Does it represent value at this stage though? Depends on the deal really
     
    bobbyj likes this.
  3. dabbler

    dabbler Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,383
    Location:
    Sid en e - olympic city
    The return is going to be poor, CG likely to be slow or none for some time & chance of a pull back, I feel rents will be flat for a while too.

    But no one has a crystal ball, I held off on something in Sydney a year ago and asking for similar is now 20%+ on when I was looking & sentiment was Sydney was dead.