hello all

Discussion in 'Introductions' started by frankjeager, 3rd May, 2019.

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  1. frankjeager

    frankjeager Well-Known Member

    Joined:
    2nd May, 2019
    Posts:
    734
    Location:
    sydney
    gday guys, just thought id make a quick introductory post as it is recomended when signing up. im on this forum to try and stay more informed on property.

    i have recently been lucky and sold my ppor about a year ago and achieved what id consider peak price for the property (looking back at it in hindsight, at the time i thought pricing could still keep going up) so i am in the market to upgrade to a larger better located ppor, im looking in greater west/blue mountains/ penrith area, 850k-1mil range.

    i also have an IP that is neutrally geared worth roughly 350k

    looking to get advice on when to buy, how long/far this current decline in prices will go, penrith has seen 15-20% decline in prices for kind of house i am looking at, which is obviously lucky for me. i am actively looking for this ppor, bargaining hard for homes i like but willing to wait if need be. after this purchase i will be looking to purchase another IP possibly in sydney/ west sydney area depending on how far price correction continues.
     
    Eric Wu and Jess Peletier like this.
  2. Jess Peletier

    Jess Peletier Mortgage Broker & Finance Strategy, Aus Wide! Business Member

    Joined:
    18th Jun, 2015
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    6,673
    Location:
    Perth WA + Buderim Qld
    Welcome Frank! Nice timing! :)
     
  3. Eric Wu

    Eric Wu Well-Known Member Business Member

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    1,603
    Location:
    Australia
    welcome to the forum @frankjeager

    what a good timing: sell high & buy low

    have you been looking at Penrith for long?
     
  4. frankjeager

    frankjeager Well-Known Member

    Joined:
    2nd May, 2019
    Posts:
    734
    Location:
    sydney
    thankyou, timing just worked out well for me, its nice to get lucky every now and then!
     
  5. frankjeager

    frankjeager Well-Known Member

    Joined:
    2nd May, 2019
    Posts:
    734
    Location:
    sydney
    thank you !

    yes i have been looking at penrith for years. i have lived in and around the greater area my whole life, i know alot of jokes and stereotypes around penrith and the west in general, but honestly i cant think of an area in sydney that id rather live in than the nepean/lower mountains area. some really beautiful spots around the river/mountain ranges
     
  6. Eric Wu

    Eric Wu Well-Known Member Business Member

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    8th Oct, 2016
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    1,603
    Location:
    Australia
    Penrith and the mountains have transformed a lot in the past few yrs, you would have seen all these positive changes.

    happy to run some RPdata reports for you to help with your research. :):)
     
  7. frankjeager

    frankjeager Well-Known Member

    Joined:
    2nd May, 2019
    Posts:
    734
    Location:
    sydney
    that would be extremely helpful, id appreciate that !
     
  8. Eric Wu

    Eric Wu Well-Known Member Business Member

    Joined:
    8th Oct, 2016
    Posts:
    1,603
    Location:
    Australia
    Welcome

    Just drop me an email with the addresses :):):)