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NSW See Change and Steven Ryan - lets hype Sydney thread

Discussion in 'Where to Buy' started by See Change, 18th Jun, 2015.

  1. See Change

    See Change Timing Lord Premium Member

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    ok

    No pretensions here . Sydney still has another 50 % and another three years to go before is gets close to topping .

    Go you good thing !!

    Cliff
     
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  2. Azazel

    Azazel Well-Known Member

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    Groan...
    Some things should be left in the past.
     
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  3. qonyx_sydney

    qonyx_sydney Well-Known Member

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    Question: Is there anywhere in the Sydney basin that is offering decent enough yields where it could make sense to purchase. I've been thinking that some pockets around Campbelltown have yields seem much better than the rest of Sydney. Is this a sign that there could be some growth for these properties...

    I've noticed the yields around Blacktown, Liverpool & Parramatta have dropped significantly.
     
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  4. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

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    [​IMG]

    I reckon a few people might find this discussion to of interest :)



    I would be taking a much wider view than yields alone as a predictor of future capital growth. Yields have fallen significantly across Sydney because prices have shot up during this growth cycle. Key word being cycle.

    Perhaps that's an indicator that there might be other cities worth investigating.

    That said, I'm still of he belief that Sydney has some steam left in it but I stopped buying there more than a year ago.
     
  5. WattleIdo

    WattleIdo renovating Premium Member

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    Your avatar is amazing!
     
  6. WattleIdo

    WattleIdo renovating Premium Member

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    [​IMG] or


    [​IMG]
     
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  7. Darren A

    Darren A Well-Known Member

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    Hi See Change do you seriously think this or is this just a hype gee up? This is a serious question.
     
  8. WinDyz.

    WinDyz. Well-Known Member

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  9. See Change

    See Change Timing Lord Premium Member

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    That was hype :D Serious answer is I don't know . .

    I certainly don't see a reason for sydney to suddenly crash . The recent changes in Borrowing capacity don't seem to have made much impact at this stage , though sometimes it takes a while for changes to filter through .

    I haven't checked out charts on Sydney's growth recently , but a few months ago it was only just up to it's long term average , so I'd expect it to grow probably another 10 % , but this will vary from place to place . Where we are , I'd expect another 10-20 % , but the upper segment hasn't moved that much ( over 2 mill ) so there maybe more to go in that area .

    cliff
     
  10. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

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    I'll make a serious prediction, Darren.

    10-15% left this cycle, before flattening out for a loooong while and correcting a little in the areas with gluts of apartments (south of CBD etc).

    If I'm off, I believe I'll have been too conservative.

    This hinges on what happens globally and nationally though. The RBA and APRA have powerful levers.
     
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  11. WinDyz.

    WinDyz. Well-Known Member

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    Nobodies knows... but it will level out eventually.. My guess is end of this year.
     
  12. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

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    Do you think an external force will halt it (e.g. rate movement, policy changes), or the cycle will have run its natural course in 6 months?
     
  13. WinDyz.

    WinDyz. Well-Known Member

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    I think Cycle Natural cause.... Big deposit and huge stamp duty will slow it down.
     
  14. mini2

    mini2 Well-Known Member

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    Another 10-15% would be nice and let it plateau for couple of years...I'm not that greedy.
     
  15. Ouga

    Ouga Well-Known Member

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    "Trying is the first step towards failure" Homer
    I too see it go a bit longer this cycle
     
  16. Brady

    Brady Well-Known Member

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    From memory I was around the 10-15% growth for Sydney, don't seeing dropping off the boil straight away
     
  17. Kael

    Kael Well-Known Member

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    I'm going to have a guess and say I think it will continue with 10% growth but will slow down big time next February or March. Just my guess though :p
     
  18. King

    King Active Member

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    if fixed interest rate is anything to go by then there shouldnt be much of a slow down.
     
  19. Darren A

    Darren A Well-Known Member

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    Thanks for the reply Steven and See Change.

    I would be happy as would any investor invested in Sydney if it has got some increase left. I wouldn't be surprised if we have moderate growth until next Autumn. The bad press reports will have some impact I think.
     
  20. mini2

    mini2 Well-Known Member

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    Heh the Daily Telegraphy's doom and gloom self-fulling prophecy...

    She'll be right, there's markets within the market itself. It probably means more families will need to pool all their resources together to get something and some culture are already doing that.