NSW Help buying a house in Sydney West

Thanks Gockie for your advice .

 

I personally would wait...those Shiny new houses or blocks of land in Marsden Park/Schofiled/Box Hill are about to take a tumble..I can see some smaller houses in Schofields on small blocks be under 600k......

 

I have waited several years. Now running out of patience. it feels like the market is controlled in various levels. As long as the other factors like immigration, government policies, supply and so on won't change, there is less likely to see a tumble I reckon.

 

I would tend to agree with Sash.
There are a number of developments going in around the Schofields / Colebee area currently, which will lead to a large oversupply. A couple of interest rate rises and the prices will drop.

 

This is exactly how people make mistakes...after waiting...they think there will be no change. This could take another 1-2 years to play out ...but it will happen.......fortune favors the patient...

 

You got a point!

 

Thank mate. That's a good info to know .

 

What do you think will be the catalyst?
Do you think the West will be better protected this time given higher rental yields (for properties with say for example granny flats)

 

Ah ok no worries.

18 Prescott circuit which is a 4 bedder got sold recently for 1 Mil 35k. Hence I was checking as the Sheriidon one was a good price for that area.

 

Hi team, How is the market now for these areas. I find most of the places in Quakers hill / KL / Stanhope Gardens price didn't change lot. Where can we see big bargain in these areas?

 

Big bargain in Blacktown... Wait for another 10% free fall this year here.,.

 

Changed a lot already. Have a look at the sold prices

 

any idea how much does it already done. Have anyone got the loan / remortgage from big4 for recently. how are they doing valuation now?

Thank you. its quite difficult to understand the market as asking price is very much higher than selling price. And lot of houses are there more than 100 days in the market...

 

Does anyone have idea about
22 Tilbury Avenue Stanhope Gardens, NSW 2768.

this is very nice house and I don't find anything wrong here.
It was sold for 726K on 2014 Dec.
Again sold for 860K on 2018 Dec.

so its about 4 years time gap and price change about 18%. DOES THIS TELL ANY STATS HERE.

 

Did you check the sold prices around?

 

Why do you expect more for 386 land? Lower the land component, lower the price appreciation will be. It is pretty common. We can see this in 10 years old area like Stanhope, Parklea, etc. I am sure same thing will repeat in The ponds, Schofield, etc for 350 land properties. Capital gain wise not much worth..

 

This is one of the reason you should look for the higher land component which is offered in suburbs like Quakers hill