NSW Newcastle 2019

Discussion in 'Where to Buy' started by Aaron Duffie, 14th Jan, 2019.

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  1. Lizzie

    Lizzie Well-Known Member

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    Ah - it's dem banks and their strict new rules ... 15 years ago no probs ....
     
  2. dabbler

    dabbler Well-Known Member

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    Yeah I know, we are all in the same boat.......maybe they already let out too much water
     
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  3. Oliver Shane

    Oliver Shane Well-Known Member

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    You know the market has bottomed when we see 105% loans back on the market. The good old days...
     
  4. shreko

    shreko Well-Known Member

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    How good.. time to get myself back into some unhealthy debt
     
  5. balwoges

    balwoges Well-Known Member

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    Paid a visit to Westfield at Kotara yesterday, I have never seen the shopping centre so devoid of people - food for thought? ... :(
     
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  6. Islay

    Islay Well-Known Member

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    We were there on Wednesday and thought the same. Do you think it might be the expanded Green Hills? People from Maitland area used to travel to Kotara.
     
  7. balwoges

    balwoges Well-Known Member

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    I think people are saving their money and are worried about the present world economics and a possible recession. Dont think anything to do with Green Hills, that shopping centre has been around for a while now.
     
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  8. Islay

    Islay Well-Known Member

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    maybe. I was at Green Hills yesterday and the place was packed. The expansion there has made a hugged difference to the number of people there.
     
  9. Lizzie

    Lizzie Well-Known Member

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    Depends on the day. I've been in Greenhills during the week, and the staff outnumber customers. Weekends are pretty busy but still not much spending according to staff
     
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  10. Oliver Shane

    Oliver Shane Well-Known Member

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    Haven’t heard of any new business or business activity in Newcastle for a very long time... wages growth tepid at best.
     
  11. lightbulbmoment

    lightbulbmoment Well-Known Member

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  12. Propertunity

    Propertunity Well-Known Member

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    Only a $50K loss on the $1.0M last paid price in 2017 (+ transaction costs). If you buy and sell within 2 years, this is to be expected surely?

    There’d be sellers in Sydney very jealous of only losing $50K on their sale.
     
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  13. lightbulbmoment

    lightbulbmoment Well-Known Member

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    Dunno about you my friend but 50k and whatever the transaction costs where is a **** load of money to lose in 2 years. This just reinstates timing is everything when you buy. I have probably another five examples like this I can list tomorrow I’ll have to look through again. Only just the beginning as well
     
  14. lightbulbmoment

    lightbulbmoment Well-Known Member

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    In reality there was 100k lost here
     
  15. Lizzie

    Lizzie Well-Known Member

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    Looking at that property ... Wouldn't have paid $1mil for it I the first place
     
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  16. wilso8948

    wilso8948 Well-Known Member

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  17. Lizzie

    Lizzie Well-Known Member

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  18. The Prestige

    The Prestige Well-Known Member

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    Any property managers in Newcastle you guys can recommend?

    Just purchased a house in Waratah and looking to rent it out in Aug.
     
  19. Lizzie

    Lizzie Well-Known Member

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    All much of a much-ness methinks. The original company I started out with - 20 years ago - has been sold that many times. I'm using Dowling at Waratah and Realty Partners at Mayfield, they both seem pretty good ... must get around to consolidating under one ...
     
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  20. samiam

    samiam Well-Known Member

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    I go with safehands property management recommended by @Propertunity. Absolutely happy with them.
     
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