NSW Newcastle NSW is absolutely booming

Discussion in 'Where to Buy' started by Ald, 28th Nov, 2016.

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  1. Micko

    Micko Well-Known Member

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    Sounds like a game of two up is the best way to settle this @samiam. Heads you buy Mayfield now, tails you leave it for 12 months :)
     
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  2. inertia

    inertia Well-Known Member

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    We bought a pair of houses that are each currently spit into 2 single bedroom tenancies (so 4 separate leases). Mid-longer term development opportunity.

    cheers,
    Inertia
     
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  3. inertia

    inertia Well-Known Member

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    Settled at the end of November.

    cheers,
    Inertia
     
  4. samiam

    samiam Well-Known Member

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    Wish it were that easyo_O.. maybe he knows it will always be heads if we do that way :D
     
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  5. pjames

    pjames Well-Known Member

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    this is the hot area at the moment from Mayfield, Waratah, Georgetown, Lambton areas are all getting a lot of buyers and prices are still realistic. Look for a property on a slight hill with a view, quiet but central and close to amenities. When you look on Google map of the area then all these suburbs are close to the city and to beaches (10 min drive) but are central to other areas too.
     
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  6. Ald

    Ald Well-Known Member

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    Newcastle is still absolutely booming and we are about to head into stage 2. Plenty of Sydney people will sell up and move to Newcastle.
    I expect Newcastle prices to go up another 30% on today's prices by the time we hit summer. There has been no slowdown over winter which is what you see normally.

    More people are buying houses than last year.
    Boots on the ground that's what is happening. And it's expected as Sydney sells up and moves out.

    Mark my words buying a property in Newcastle today and selling in 4 months time will be the finest decision anyone can make. Filthy riches being made in Newcastle by being smart.
     
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  7. bob shovel

    bob shovel Well-Known Member

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    Mark my words, no one is listening to your bs
     
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  8. drg86

    drg86 Well-Known Member

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    Haha he's back! Wouldn't complain if he was right but...
     
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  9. Ald

    Ald Well-Known Member

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    Do you deny the money being made mate. Interest rates are going to drop again all the bond indicators are there. Banks are going to make the levy money slowly over 5 years. Money is going to get even cheaper. Jobs are booming. Just go and buy properties mate, as many as you can close as you can to the cbd in Newcastle.
     
  10. Ald

    Ald Well-Known Member

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    I got banned from the other Newcastle thread because the real estate agents and mortgage brokers did not like me saying they were not required
     
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  11. Ald

    Ald Well-Known Member

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    There are so many Sydney people relocating up here. Surf is full of them now. New kids in our school from Sydney.
    Parking in the cbd has resulted in people having to park near further out because so many people have arrived Newcastle is just boooooooooooooooooooooommmmmmmmmmming!
     
  12. Ald

    Ald Well-Known Member

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    Brilliant Mate

    You will be a rich man next summer when you flip that
     
  13. lightbulbmoment

    lightbulbmoment Well-Known Member

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    Good to see your back mate, i welcome your posts.
     
  14. RetireRich101

    RetireRich101 Well-Known Member

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    throw in the steak knives son!
     
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  15. krispy

    krispy Well-Known Member

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    I can't keep up. Buy, sell, look at WA as only mugs buy in Newcastle.

    Love it. So much good advice.
     
  16. cberrell

    cberrell New Member

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    Yes, Newcastle is booming. When I was looking last Xmas, there were lots of groups at each inspection and people were paying more than the asking price ! Low vacancy rates as well.
     
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  17. TylerJamesson

    TylerJamesson Well-Known Member

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    Not booming that much -- someone tried to flip this house on Curry Street, Merewether after 12 months (bought for $1.5m 2016) didn't sell at auction with a guide at $1.8m in June 2017.

    Onthehouse.com.au: Your Home for Property Research

    With the renovation and stamp duty the owner might be lucky to break even.
     
  18. krispy

    krispy Well-Known Member

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    Maybe it's just overpriced. I don't think it's indicative of the rest of the city. Kicking myself I didn't buy more 2 years ago. Not sure it's worth looking at anything now. Even hard to get a house under $350 in Windale now.
    Do you all see another surge with the FHB incentive or would FHB already of bought if they were actually in a position to afford a mortgage?
    Any news on what is happening with the Mall after the Sydney developer purchased it?
     
  19. Ald

    Ald Well-Known Member

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    I think that for 1.8 million it's too cheap. There must be someone out there willing to pay 2.5 million. Property prices double in Newcastle every 10 years, prices never go down. Why hesitate. I spoke to a real estate agent and a mortgage broker and they all assure me that property is the best investment. The real estate agent even said to me how much great value buying a house is. I am so glad that real estate agents exist, they make it so easy for people to sell their houses. I don't think they get paid enough. I know they earn over $300k a year and that's for a mediocre one in a good suburb but really they should earn way more for the service they provide. Can we please start a petition to pay more money as fees to real estate agents and mortgage brokers, I reckon they should get paid at least $100k on a 1 million dollar house, they work hard. Their hairdressing expenses are very high and their suits and cars don't come cheap.
     
  20. Ardi

    Ardi Well-Known Member

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    You @Ald are an A grade twat
     
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