Join Australia's most dynamic and respected property investment community

NSW Lake Haven

Discussion in 'Where to Buy' started by Darlinghurst Boy, 6th Aug, 2015.

  1. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

    Joined:
    29th Jun, 2015
    Posts:
    866
    Location:
    Darlinghurst Sydney
    i really think this area will boom , Lake Haven on the NSW Central Coast.
    I get those secret investor reports in my email and it even mentioned this area so i decided the last few weekends to drive up there and try to buy, yes i said TRY because others are too.i think i have now succeeded and it was more because i bought in cash that i think they accepted so quick.
    I wouldnt of bought here if i didnt think it had potential.

    Houses are going up towards 400k and over now.
    I believe they will eventually hit 500k

    Big shopping centre , a lot of schools, 1 hour drive from Sydneys Northshore .
     
    Last edited: 6th Aug, 2015
  2. Befuddled

    Befuddled Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    251
    Location:
    Sydney
  3. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

    Joined:
    29th Jun, 2015
    Posts:
    866
    Location:
    Darlinghurst Sydney
    Because over 50 families every saturday are attending the open days and offering ridicilous prices.but great link thanks
     
    Last edited: 6th Aug, 2015
  4. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    3,505
    Location:
    Sydney
    How many areas are you looking at, at any given time? I'm not familiar with Lake Haven but what are the drivers for growth?
     
  5. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

    Joined:
    29th Jun, 2015
    Posts:
    866
    Location:
    Darlinghurst Sydney
    Families !!! That cant afford to live in City but go to work in Sydney .
    Big recreational centre, 5 minutes drive to Sydney and Newcastle Freeway.
    Big shopping centre.
    WaLk to schools.
    15 minute drive to beach.

    This is the Northern part of the Coast which in recent weeks is going bananas.
     
  6. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

    Joined:
    29th Jun, 2015
    Posts:
    866
    Location:
    Darlinghurst Sydney
    im now in the process of buying an IP in Lake Haven .5 minutes walk to the Shopping centres and schools.
    I told this agent that i had cash and he had 24 hours to decide my low offer , 10% down immediately, no cooling off period,and they took it.
    I will post pictures once its all settled.
     
    Last edited: 6th Aug, 2015
  7. See Change

    See Change Timing Lord Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    2,143
    Location:
    Sydney
    Lake Haven .

    Is that near lake munmorah ...........?

    Cliff
     
    WIB, blw101, shelleykins and 2 others like this.
  8. jins13

    jins13 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    943
    Location:
    Sydney
    Your making great progress with looking at half of NSW. Keep going but dont procrastinate
     
    Azazel and larrylarry like this.
  9. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    3,505
    Location:
    Sydney
    fast and furious! Do share your spoil. I thought you were buying in Newcastle Moree and Wellington. That's a very quick decision.
     
  10. jins13

    jins13 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    943
    Location:
    Sydney
    I concur with the above.

    I do worry on whelther you are buying on emotion or the 'not wanting to miss out sydrome' . Hope its a great buy for you and you have a good network of people providing you sound advice.
     
  11. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    3,505
    Location:
    Sydney
    @Darlinghurst Boy what's the expected rent? What is the net yield? So all done and dusted? Congratulations.
     
  12. Brian84

    Brian84 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    961
    Location:
    Sydney
    Damn, I was looking up there earlier this year but got knocked back from the banks cos I'm on compo so looks like I am missing some great deals. When I went to about 6-8 open inspections half were already sold before the first open and there were a stack of properties for $350k. Looks like some decent growth by the sounds of it.
     
  13. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

    Joined:
    29th Jun, 2015
    Posts:
    866
    Location:
    Darlinghurst Sydney

    Thanks Brian, i didnt know they could knock you back because your on Compo?
    It seems to be disability discrimination to me because you are still being paid a wage and have payslips.
    Maybe look more towards Budgewoi areas for under 350k .
     
    Brian84 likes this.
  14. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

    Joined:
    29th Jun, 2015
    Posts:
    866
    Location:
    Darlinghurst Sydney
    Your right, thats why i had told this agent emotionally i was sick of going to these open houses and waiting for weeks for prices to be accepted etc and i wrote that on this forum so i told him i had cash im not going to play around waiting weeks, your client has 2 days to decide, i will get the building pest inspection done etc and they accepted .
     
    Last edited: 6th Aug, 2015
    larrylarry likes this.
  15. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    3,505
    Location:
    Sydney
    well done. What's next?
     
  16. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,113
    Location:
    Brisbane
    That is a fair bit. Maybe Mum & Dads seen it as a hotspot in a magazine?
    Not a fan of buying near the peak.
     
  17. WIB

    WIB Member

    Joined:
    22nd Jun, 2015
    Posts:
    12
    Location:
    NSW
    Lake Haven is 12 kilometres from Lake Munmorah...
     
  18. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,113
    Location:
    Brisbane
    How much does it cost to get secret investor reports in your email?
     
  19. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

    Joined:
    29th Jun, 2015
    Posts:
    866
    Location:
    Darlinghurst Sydney
    $99 a year for NSW only.

    Lake Haven for those that dont know is around San Remo, Charmhaven , Bluehaven, Toukley, Areas.
     
    Last edited: 7th Aug, 2015
  20. blw101

    blw101 Member

    Joined:
    26th Jun, 2015
    Posts:
    13
    Location:
    Sydney
    WIB likes this.