NSW IP in St Mary's

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

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  1. thunderstrike888

    thunderstrike888 Well-Known Member

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  2. Investor1234

    Investor1234 Well-Known Member

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    Nope. Bought in Sunshine Coast finally!
     
  3. Haseef Ahmed

    Haseef Ahmed Member

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  4. Haseef Ahmed

    Haseef Ahmed Member

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  5. skater

    skater Well-Known Member

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    Perhaps you should do a little research.
     
  6. Haseef Ahmed

    Haseef Ahmed Member

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    That's what I am trying @skater. Newbie so he guidance of this forum would be great
     
  7. skater

    skater Well-Known Member

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    There's a difference between guidance and doing the work for you. You should be able to work out the yield by looking at rents, and/or calling PM's, not asking for others to do that for you.
     
  8. Haseef Ahmed

    Haseef Ahmed Member

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    This still helps, thanks :) will call PMs and check rents...
     
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  9. gach2

    gach2 Well-Known Member

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    @skater might seem a little harsh but this questions gets asked everyday and lot of people expect to be spoon fed the answers (the way you worded it may also seem that)

    Read this tread from the start - will probably answer the questions to a generalised amount
    Then read a lot more of this forum (probably the best place to read up on stuff for free)

    If you still need further help after that or dont have the time (yes it will take you a lot of time but your considering investing nearly a million dollars) then you might want to consider a buyers agent

    In regard to that property the rent is mentioned and if your are really a newb then its not the ugly duckling you think it is. I wouldn't be suprised if this exceeds well over a million due to its development potential (though might need neighbouring blocks to actually do it)
     
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  10. DadWealth

    DadWealth Active Member

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    Agree with @gach2 above. The site has its zoning listed first up. Rent yields are going to by abysmal if you’re competing with builders who can build at cost to develop it with final sale price hedged to a frenzied market.

    @rvo If somebody is an early stage investor in accumulation phase like Haseef’s question would imply this property would sink borrowing capacity for future? Or maybe Haseef is a builder and this is a great block, we don’t know? More research around the market and investing in general needs to be done.

    @Haseef Ahmed nobody is really the single source of right and wrong, but the first 20 episodes of ‘The Property Couch’ are pretty good for basic knowledge. People on this forum are usually pretty advanced so you’ll find different strategies and people also at different parts of their own journey. It’s a minefield for trying to find advice that suits your specific circumstances. I suggest finding a few resources like The Property Couch to consume and the commonalities between what they each call the fundamentals will probably be the golden rules across most strategies. Hope this makes sense/helps, good luck!
     
    Last edited by a moderator: 5th Sep, 2021
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  11. Kevbo

    Kevbo Well-Known Member

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    Consider this recent transaction, also by Diamantidis - I would say it’s a bit of an outlier but be prepared for someone who would pay $1m+ for the property you are looking at.

    https://m.realestate.com.au/sold/property-house-nsw-st+marys-136185098
     
  12. Wills

    Wills New Member

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    Hi I am new here and looking for an investment property in St Mary's suburb. Can I buy a house in Edmondson Avenue ? Thanks. Will.
     
  13. skater

    skater Well-Known Member

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    You can buy a house in any suburb or street that you want, so long as you've got the finance for it.
     
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  14. Wills

    Wills New Member

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    Thanks for your reply.
     
  15. Wills

    Wills New Member

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    Is it worth to buy in St Mary's suburb? I have got a pre approval letter for 750k to buy an investment property. I heard that there will be direct connect metro from St Mary's Station to Western Sydney airport. Thanks.
     
  16. skater

    skater Well-Known Member

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    Is it worth it for who? You? Me? The 98yr old man across the street? This is something that only you can answer. Only you know your financial situation, risk factor, time frame, goals etc. This will be different for every person.
    And it sounds like it's burning a hole in your pocket.

    Don't get me wrong, it's great that you're thinking about investing, but don't just run out and buy the first house you see based upon what some stranger on the internet tells you. Go out, do some research first.

    First question to you. Why are you considering St Mary's? What's attractive about the area?
     
  17. Damon

    Damon Well-Known Member

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  18. thunderstrike888

    thunderstrike888 Well-Known Member

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    Greater Western Sydney absolutely flying!!! Look at these asking prices now for very ordinary places.

    Just realised almost everything is under contract or under offer pretty much immediately.
    Absolute Bonkers.

    There is not going to be a suburb under $700k soon the way its going.

    https://www.realestate.com.au/property-house-nsw-tregear-136755602
    https://www.realestate.com.au/property-house-nsw-tregear-136592854
    https://www.realestate.com.au/property-house-nsw-willmot-135477906
    https://www.realestate.com.au/property-house-nsw-whalan-136657694
    https://www.realestate.com.au/property-house-nsw-bidwill-136333926
    https://www.realestate.com.au/property-house-nsw-hebersham-136712218
     
  19. d3outguncom

    d3outguncom Well-Known Member

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    Can I ask where @Investor1234 ?
     
  20. mickyyyy

    mickyyyy Well-Known Member

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    I'm kinda glad you back as it was boring around here :)

    #inmountdruittwetrust