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NSW Merrylands is peaked ?

Discussion in 'Where to Buy' started by acorn123, 9th Aug, 2015.

  1. acorn123

    acorn123 Well-Known Member

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    19th Jun, 2015
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    Location:
    NSW
  2. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    2,458
    Location:
    Sydney & Gold Coast
    Quite possible.

    Though one of those "passed in" is already labeled "under contract" and it may not be the only one now sold.

    Could also have been a result of oversaturation–multiple development sites for auction on the same day in the same suburb.
     
    acorn123 likes this.
  3. twobobsworth

    twobobsworth Well-Known Member

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    18th Jun, 2015
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    Location:
    Sydney, New South Wales
    No different to other activity starting to creep across Sydney. Yields on units are 4.5% or less. Prices need pull up till they get back in to 6%.