Panic Setting in Sydney

Discussion in 'Property Market Economics' started by sash, 13th Mar, 2017.

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  1. Biz

    Biz Well-Known Member

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    No iceberg guissss

    [​IMG]
     
    Biz, 25th Jun, 2017
    #621
    DowntownBlock likes this.
  2. radson

    radson Well-Known Member

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    According to SQM, vacancy rates in Collaroy and Narabeen etc are a massive 1.6%. Dee Why is 1.1%.
     
    radson, 25th Jun, 2017
    #622
  3. dan2101

    dan2101 Well-Known Member

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    Yeah doesn't sound too bad on paper. She said if you meet the market (which heaps of people don't want to do!) you will get your property leased in a few weeks but if you want summer prices it will sit vacant. Also people turning up at opens and seeing no one there so offering unders.
     
    dan2101, 25th Jun, 2017
    #623
  4. RetireRich101

    RetireRich101 Well-Known Member

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    mate, you did well....played in both Sydney and Canberra that are booming/boomed ( and I believed you put a GF in Canberra about 1-2 year ago)
     
    RetireRich101, 25th Jun, 2017
    #624
  5. S1mon

    S1mon Well-Known Member

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    good memory mate. doin ok...got the 2 cash (+ CG) cow grannies..tho held canberra for like 4 years before it started to move. radelaide not going so good either, maybe a few % a year

     
    S1mon, 26th Jun, 2017
    #625
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  6. Lilian

    Lilian Member

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    in apartments or houses? would you mind telling what suburbs in general your partner seen the over supply in? I have property in northern beaches so keen to know thanks!
     
    Lilian, 26th Jun, 2017
    #626
  7. RetireRich101

    RetireRich101 Well-Known Member

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    I read your other post...amazing returns on your gf airbnb ...if you outsourcing the cleaning you still pocket $500-550/wk...
     
    RetireRich101, 26th Jun, 2017
    #627
    S1mon likes this.
  8. Kevin Klien

    Kevin Klien Member

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    there will always be more and more day to day issues like you enumerated, but what's important is how to deal with them on a positive note..
     
    Kevin Klien, 26th Jun, 2017
    #628
  9. Kevin Klien

    Kevin Klien Member

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    can you share the URL on airbnb here? I would appreciate it .. thanks mate!
     
    Kevin Klien, 26th Jun, 2017
    #629
  10. sash

    sash Well-Known Member

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    nah...I was born a negative nilly.....its more fun.....
     
    sash, 26th Jun, 2017
    #630
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  11. God_of_money

    God_of_money Well-Known Member

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    God_of_money, 3rd Jul, 2017
    #631
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  12. jins13

    jins13 Well-Known Member

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    Good stocks are still selling but from some of the areas which l've been monitoring, the bad properties are not moving. Having said that, in the past couple of weeks, l'd posted up some examples of properties which experienced price reductions. Should be interesting with the activity caused by the FHBs.
     
    jins13, 5th Jul, 2017
    #632
  13. Poppy

    Poppy Well-Known Member

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    If you think Sydney's done then draw circles around the cbd

    Check the auction clearance rates in areas in each 10km ring. It seems the inner ring vendors are having to adjust their expectations.

    I guarantee at the 30k ring everything still rather hot..

    Things warming up in far outer rings. Look at train lines. They will lead you to the gold.
     
    Poppy, 10th Jul, 2017
    #633
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  14. hash_investor

    hash_investor Well-Known Member

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    The FHB market is very strong at the moment I can tell you that. Many units around 400K range in out west are under contract.
     
    hash_investor, 10th Jul, 2017
    #634
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  15. Jacque

    Jacque Jacque Parker Premium Member

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    I'd say the SD concessions for FHBs up to $650K have a lot to do with this :)
     
    Jacque, 28th Aug, 2017
    #635
  16. RetireRich101

    RetireRich101 Well-Known Member

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    In Blacktown, there were R4 sites that developers just land banking but suddenly more cranes are going up. Not sure it's a good thing as last cycle we saw the apartment market fallen/stagnate longer..

    Below R4 site, consisting of 4 ajoining properties. Wife could not believe they're actually knocking down a 40sq brick 10 year old house to make way for apartment build.

    upload_2017-8-28_12-43-2.png
     
    RetireRich101, 28th Aug, 2017
    #636
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  17. abbyfresh

    abbyfresh Well-Known Member

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    Is it reasonable to knock down such a new place purely so a developer can make a profit?

    It is very rare I have seen a case like this, mostly very old places are pulled down.
     
    abbyfresh, 28th Aug, 2017
    #637
  18. hash_investor

    hash_investor Well-Known Member

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    why is that a question?
     
    hash_investor, 28th Aug, 2017
    #638
  19. Jack Chen

    Jack Chen Well-Known Member

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    Wow! Land underneath must be super valuable to justify knocking it down
     
    Jack Chen, 28th Aug, 2017
    #639
  20. RetireRich101

    RetireRich101 Well-Known Member

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    The one with a beautiful house is on the same street as the one below. All R4 zoned., can't really differentiate which parcel of land is superior or inferior.

    9 Carinya Street, Blacktown, NSW 2148 - View Sold History & Research Property Values - realestate.com.au
    11 Carinya Street, Blacktown, NSW 2148 - View Sold History & Research Property Values - realestate.com.au
    Oct 2015 $2.75M 1226m2

    31 Carinya Street, Blacktown, NSW 2148 - View Sold History & Research Property Values - realestate.com.au
    33 Carinya Street, Blacktown, NSW 2148 - View Sold History & Research Property Values - realestate.com.au
    Aug 2016 $2.18M 1093m2

    It works out to be $2000-2200 per SQM.

    That beautiful house is on 765m2, so if we use the same price per SQM, this would be $1.5M-$1.68M. Probably compensated for slightly better house me thinks
     
    RetireRich101, 28th Aug, 2017
    #640
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