Forced motivation

Discussion in 'The Buying & Selling Process' started by inertia, 26th Aug, 2016.

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  1. samiam

    samiam Well-Known Member

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    looks like somebody seriously took RE's advice :p
    at least as your ip is within the area- you are sitting on a million home too :)
     
  2. tomlemke

    tomlemke Well-Known Member Business Member

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  3. inertia

    inertia Well-Known Member

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  4. inertia

    inertia Well-Known Member

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    Not quite, my place is on the "wrong" side of both Stewart Ave AND Gordon Ave! Got the bank valuation back yesterday - $700k. 11% gain in 3 years though... plus we paid 20% deposit, and are now allowed to go 90% LVR without paying LMI, so still some equity for IP deposits.

    Cheers,
    inertia
     
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  5. MikeeIv

    MikeeIv Member

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    been observing the same thing.
     
  6. samiam

    samiam Well-Known Member

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    Could you explain me of wrong side? Is it by school zone?
    It should be only the matter of time!
     
  7. inertia

    inertia Well-Known Member

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    "Some" suggest Newcastle ends at Stewart Ave :)

    The prices drop dramatically when you go west of Stewart Ave, and again west of Gordon Ave (like 100-200k or more, just by moving 3-4 blocks). It probably suits us better anyway, on the east side you are seeing more and more empty nesters, plus older, whereas the west side has more younger families.

    Cheers,
    Inertia.
     
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  8. samiam

    samiam Well-Known Member

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  9. inertia

    inertia Well-Known Member

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    ah, see that is because it is on the "wrong" side of both Stewart Ave and Gordon Ave!

    Cheers,
    Inertia.
     
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