NSW IP in St Mary's

Discussion in 'Where to Buy' started by Sady.Sydney, 6th Jan, 2021.

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  1. James.Syd

    James.Syd Well-Known Member

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    Haha don’t know how does that work.. still far from settlement date lol
     
  2. thunderstrike888

    thunderstrike888 Well-Known Member

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    If both parties agree you can ask for early settlement. I done that many times. 28 days instead of 42. I even heard of ppl doing 21 days settlement if the banks and buyer/sellers agree and can meet deadlines.
     
    Last edited: 22nd Feb, 2021
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  3. Investor1234

    Investor1234 Well-Known Member

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    Congrats. Well done. I have seen the numerous posts and threads you started here on PC. Seems like you rally put in the time and effort into researching the market, property type, council restrictions, etc. before making the purchase. Your effort and time spent, shoudl pay off now.

    Did you go for the larger land size (1,000m2) due to its future developement potential. What is the potential rent for this?
     
  4. Investor1234

    Investor1234 Well-Known Member

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    Do you know what your bank has valued this at?
     
  5. Investor1234

    Investor1234 Well-Known Member

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    Your property is a bit like this one right?
    55 Canberra Street, Oxley Park NSW 2760 | Domain

    Similar size as your one, R3 and on the same street too. Were you only looking only for R3 and maybe above 900m2 land sizes as that gives you the potential for multi dwelling housing (battle-axe lot)?
     
  6. James.Syd

    James.Syd Well-Known Member

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    Thanks.. potential rent is only $450 pw. There are plenty of newly built 3 bedder townhouses with two washrooms in range of $410 to $430 per. Yes I see a potential of development once St Mary metro station is built.
     
  7. James.Syd

    James.Syd Well-Known Member

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    Not yet done. I had pre approval so went for auction
     
  8. James.Syd

    James.Syd Well-Known Member

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    Yes it is similar to the land I bought.. the agent price guide when I checked last week was $920 to $940k. Yes there is potential of multi dwelling if in future Council change frontage requirements.
     
  9. NewBeeInvestee

    NewBeeInvestee Member

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    Happen to talk to RE today...it went for 790k
     
  10. thunderstrike888

    thunderstrike888 Well-Known Member

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  11. NewBeeInvestee

    NewBeeInvestee Member

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    Yup, Surprisingly not reflected on web yet....they were like 'll let u know if anything changes'...But 790k look quite high to me
     
  12. NewBeeInvestee

    NewBeeInvestee Member

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    Does anyone see any issue with North St Mart's as somewhere I heard it's a part of the housing commission,Is it a big issue.

    any perception for North St Mary vs St meary ,Oxley park ? as such
     
  13. Investor1234

    Investor1234 Well-Known Member

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    Which property has the guide for $920 to $940k? The one you bought or the one I posted.
     
  14. Investor1234

    Investor1234 Well-Known Member

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    Will be keen to know what it comes out as.
     
  15. skater

    skater Well-Known Member

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    Much of North St Mary's was developed by the Housing Commission. Much has been sold to private owners now.
     
  16. James.Syd

    James.Syd Well-Known Member

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    the one you posted..
     
  17. Onyx_OCAU

    Onyx_OCAU Well-Known Member

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    I am/was looking at North St Marys, possibly prior housing comission houses, within the past 6-8 weeks prior. Little 3 bed single bath cottages with asbestos fibro construction sitting on fairly large tracts of land and still <2km from St Marys train station. Been screwed around by non responsive agents I missed out on 36 Jackaranda Rd and 102 Magnolia St. My offer would have been good - I'd have gone $700k for no. 36 but instead it sold for "above 650k" according to the agent who didn't respond to my first initial offer and didn't call me back I had to email, message and call him to get a response out of him.
     
  18. skater

    skater Well-Known Member

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    I LOVE slack agents like that, if you can tie them down. You're less likely to be competing with as many people, as they annoy other buyers.
     
  19. NewBeeInvestee

    NewBeeInvestee Member

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    While reviewing the report of few properties around there I see

    Last sold on property as
    "Sale Method: Unknown, Sale Advised by:
    Government"

    What does this mean, is this of any concern while buying IP.
     
  20. AndrewLimestone

    AndrewLimestone Member

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    We're looking at a place in the Mt Druitt/St Marys area. We want to build a granny flat out the back but we're worried about the pipe running across the back corner. I've heard that it would need to be encased. Does anyone have any experience with this sort of thing? How much would it cost, for example?

    Here's the diagram. We're looking at No 20. Note the pipe running diagonally from the bottom right to the kink in the top boundary.

    Image from iOS (4).jpg
     

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