NSW Run for the Hills?

Discussion in 'Where to Buy' started by sash, 26th Jun, 2015.

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  1. sash

    sash Well-Known Member

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    sash, 26th Jun, 2015
    #1
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  2. ej89

    ej89 Well-Known Member

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    Haha why? Cause first home buyers aint buying there? Thats a good thing... Always have negative comments regarding these suburbs.. You miss out on a deal there?
     
    Last edited: 26th Jun, 2015
    ej89, 26th Jun, 2015
    #2
  3. ej89

    ej89 Well-Known Member

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    To make you feel better, the ponds just hit it's two highest sold prices for single storeys... $1.11 and $1.2m in one week... Cashed up buyers fighting over the properties too..
     
    ej89, 26th Jun, 2015
    #3
  4. sash

    sash Well-Known Member

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    Nah..not negative on suburb and its inhabitants....but negative as a good investment.

    You have to be kidding to pay 700k for a block...no wucking way...that is going to correct and come down 20-30%....

     
    sash, 26th Jun, 2015
    #4
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  5. Eric Wu

    Eric Wu Well-Known Member

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    Eric Wu, 26th Jun, 2015
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  6. ej89

    ej89 Well-Known Member

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    The blocks selling for those prices were dual occ blocks from what I see. I know the girl who sold the 500sqm blocks for duplex for 800k.
    Suicidal to pay that amount for land if u can subdivide ay.
     
    ej89, 26th Jun, 2015
    #6
  7. Eric Wu

    Eric Wu Well-Known Member

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    that is purely craziness, even time is unable to heal the pending pain
     
    Eric Wu, 26th Jun, 2015
    #7
  8. ej89

    ej89 Well-Known Member

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    Your money should go to the other estates... The Ponds has been built out for over a year. Only couple lots here and there available.. The prices paid there were cheaper than the prices people have been paying in the last year for H&L in Western Sydney
     
    ej89, 26th Jun, 2015
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  9. ej89

    ej89 Well-Known Member

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    My mates bought 500sqm for 360 just 2 yrs ago.. Sash has seen the bloodbath before and I havent but if anything comes down its those people who got excited and overcapitalised and spent a crapload of money.. The higher end will come down.. Rouse Hill atm selling land at $2200/sqm..
     
    ej89, 26th Jun, 2015
    #9
  10. jins13

    jins13 Well-Known Member

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    Crazy prices and guess people want that sentimental feeling of being able to unpack and saying "It's our home". I live in a shoebox and have no plan to over extend myself for a PPOR during my acquisition period of my journey.
     
    jins13, 27th Jun, 2015
    #10
  11. Phantom_X

    Phantom_X Member

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    I live in a neighboring suburb and they have gone up dramatically, particularly in the last 6 months in The Ponds. We were contemplating moving to a bigger place near by but with these prices we have decided to stay put and keep focused on our acquisition journey.

    As mentioned there have been record prices of 1.2 mill in The Ponds recently. More than I want to pay.
     
    Phantom_X, 27th Jun, 2015
    #11
  12. Ouga

    Ouga Well-Known Member

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    "Trying is the first step towards failure" Homer
    1.2m to live at the edge of Sydney...PASS
     
    Ouga, 27th Jun, 2015
    #12
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  13. JDP1

    JDP1 Well-Known Member

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    Yup, I agree. This is kind of area that will get hit harder once rates rise or the market turns for whatever reasons...
     
    JDP1, 27th Jun, 2015
    #13
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  14. DaveM

    DaveM Well-Known Member

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    Dammit, I read this thread title and then had to go put on Iron Maiden :D
     
    DaveM, 27th Jun, 2015
    #14
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  15. ej89

    ej89 Well-Known Member

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    Have any stats to support your claim?
    What is "this kind of area"?
    You do realise this suburb was pretty much complete before the rates went down a few years ago so most of em have seen the higher rates..
     
    ej89, 28th Jun, 2015
    #15
  16. The_good_life

    The_good_life Well-Known Member

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    Is Ponds seriously considered to be on par with the suburbs that fall under the Hills Shire? (serious question)
     
    The_good_life, 29th Jun, 2015
    #16
  17. sash

    sash Well-Known Member

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    Lets put it this way....the value is driven by the prices certain ethnic groups are willing to pay for it....

     
    sash, 29th Jun, 2015
    #17
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  18. Tekoz

    Tekoz Well-Known Member

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    Hi Phantom, what about Marsden Park ?
    At least it is cheaper than The Ponds or Schofields :)
     
    Tekoz, 29th Jun, 2015
    #18
  19. Tekoz

    Tekoz Well-Known Member

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    Yes, I agree with you, my Real Estate agent who offered my this place now laughing at me since I don't take Schofields H&L package earlier this year :-/

    I guess he's right with the statistics below:

    [​IMG]
    the only place to buy next is Riverstone and Marsden Park, so if anyone of you missed out the deal here, you can register the EOI to my agent which I will give you through PM.
     
    Tekoz, 29th Jun, 2015
    #19
  20. Jacque

    Jacque Jacque Parker Premium Member

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    Hi Phantom
    Buying and selling in the same market is relative really. If you want to upgrade your PPOR (assume you're not renting?) now is as good a time as any. $1.2m is more than many people want to or can afford to pay, but this is not exclusive to The Ponds, or Kellyville or many suburbs that are a similar distance (and property type) from Sydney's CBD.

    These suburbs are popular in the current market because it's still possible to buy out here for less than $900K-1m in many cases, though obviously there's variances between particular suburbs, proximity to planned infrastructure, new vs old, features, size etc.
     
    Jacque, 29th Jun, 2015
    #20
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