Mt Druie Suburbs - revisited 2019....

Discussion in 'Property Market Economics' started by sash, 16th Mar, 2019.

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  1. sash

    sash Well-Known Member

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    Maybe......380k in Marsden is deceptive...have a look at average condition properties can by bought for under 320k still....and this one will cost at least 30k....
     
    sash, 2nd Jun, 2019
    #101
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  2. Codie

    Codie Well-Known Member

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    Codie, 3rd Jun, 2019
    #102
  3. skater

    skater Well-Known Member

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    You've gone from $50-$60k to $30k. That's a big jump!

    Based on what was shown on the photos, I could do that well under $30k. Paint is cheap, but time consuming. Patching of walls, the same.
     
    skater, 3rd Jun, 2019
    #103
  4. Marg4000

    Marg4000 Well-Known Member

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    Maybe it was all he could afford.

    If so, good luck to him. Hope he has a few mates to help out, and can move in as soon as basic plumbing and electrics ok.
    Marg
     
    Marg4000, 3rd Jun, 2019
    #104
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  5. sash

    sash Well-Known Member

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    What is your point.....I am already renovating a house....to do the lot is is not cheap..I get really go prices..and mine is pushing over 35k....

    How many renos have you done from a far??:rolleyes:
     
    Last edited: 3rd Jun, 2019
    sash, 3rd Jun, 2019
    #105
  6. skater

    skater Well-Known Member

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    What is your point? Did you read what I wrote, and what the article said?

    The purchaser is DOING IT HIMSELF. Therefore it is cheap, so long as he knows what he's doing. The main costs are the labor costs.

    And yes, I've done plenty of renos. Some worse than the photos of the house in question. Doing one as we speak.
     
    skater, 3rd Jun, 2019
    #106
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  7. Cate Bell

    Cate Bell Well-Known Member

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    It is a dud area. If it is his PPOR, maybe, but certainly not a "bargain". He will be lucky to get his money back- even if he does the majority himself. Opportunity cost, buy in better areas, get more $!
     
    Cate Bell, 3rd Jun, 2019
    #107
  8. sash

    sash Well-Known Member

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    I would run a mile on DIY renos...some shockers out there...
     
    sash, 3rd Jun, 2019
    #108
  9. sash

    sash Well-Known Member

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    100% agree......
     
    sash, 3rd Jun, 2019
    #109
  10. sash

    sash Well-Known Member

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    Give the real estate a medal.....he found a chump. ;)
     
    sash, 3rd Jun, 2019
    #110
  11. skater

    skater Well-Known Member

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    Yes, there are....but there are some great ones as well, but I did say IF YOU KNOW WHAT YOU ARE DOING. The purchaser might be a tradie, or he might be some smuck who has no idea. If he's a dumb smuck, then it'll end up either badly done, or well over budget, or both. But if he's a tradie or a good handyman & it's a PPOR, then he could do OK.
     
    skater, 3rd Jun, 2019
    #111
  12. skater

    skater Well-Known Member

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    The owner got a good deal.
     
    skater, 3rd Jun, 2019
    #112
  13. MTR

    MTR Well-Known Member

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    Bump or should I say boom

    update please. Fast forward 2021
     
    MTR, 1st Mar, 2021
    #113
  14. skater

    skater Well-Known Member

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    BOOM baby BOOM!
     
    skater, 1st Mar, 2021
    #114
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  15. mickyyyy

    mickyyyy Well-Known Member

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    If you don't invest in Mount Druitt do you even invest :D
     
    mickyyyy, 2nd Mar, 2021
    #115
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