NSW See Change and Steven Ryan - lets hype Sydney thread

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

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  1. See Change

    See Change Well-Known Member

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    Thanks for the link Azazel .

    Louis Christopher is IMHO one of the more balanced commentators on the property market . He raises a valid point that we haven't been exposed to macro prudential tools before so we don't know how the market will react . So far there doesn't seem to be any dramatic changes in the market to what the banks have done in terms of LVR's and serviceability calculations .

    I think the logical next change would be targeted Sydney restrictions . For the overall economy this enables the RBA to keep rates low and dozens stifle the rest of country .

    A few years ago NSW was the Economic basket case on the country and the property boom has played a part in boosting everything . I think the other states would benefit from the similar effect .

    On a personal basis we sold the one Sydney property we were going to sell in dec last year . The rest are long term holds .

    If Sydney cools with no increase in rates , then I believe that will be a factor in pushing Brisbane and Adelaide up .

    Cliff
     
  2. Gockie

    Gockie Unicycle anywhere and everywhere... Premium Member

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    I have the perfect solution, just change your real name to Richard Feynman by deed poll. :p
    Ta-da! And then we can change the name of this thread back! :D:p
    It was an epic thread I followed all the time on SS. The thread name just had that certain ring to it, I'm sure you know what I mean.
     
  3. Perky29

    Perky29 Well-Known Member

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    A 83% clearance rate is still a good result.
    I hope this keeps going for another 12 months !
    David
     
  4. See Change

    See Change Well-Known Member

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    So do I . The more money people make in Sydney , the more people will be aware " how easy it is to make money in property " , so more people will be looking for the next big thing .

    Cliff
     
  5. sash

    sash Well-Known Member

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    This is what APRA is aiming at...I believe I saw that ING want a 20% deposit for Sydney loans...

     
  6. Ouga

    Ouga Well-Known Member

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    "Trying is the first step towards failure" Homer
    Has anyone got the APM list of auction result for yesterday 20th June? There was an auction nearby we intended to go have a look at but we missed it unfortunately and are very curious about the result. I know some people use to post it in the thread on SS, but I don't know where to get it from.
    Ta
     
  7. Darren A

    Darren A Well-Known Member

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    Here is the link for APM Sydney's auctions yesterday
    https://www.homepriceguide.com.au/saturday_auction_results/Sydney.pdf
     
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  8. Ouga

    Ouga Well-Known Member

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    Thanks Darren!
     
  9. Steven Ryan

    Steven Ryan Well-Known Member

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  10. Ouga

    Ouga Well-Known Member

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    "Trying is the first step towards failure" Homer
    Thanks! Will save the link then!

    Cheers
     
  11. Azazel

    Azazel Well-Known Member

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    No worries. There was a very similar article by him on Michael Yardney's site as well.

    That would make sense, and would prevent possibly impacting other markets that aren't doing so well at the moment.
     
  12. See Change

    See Change Well-Known Member

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    If anything , if sydney slows down and is perceived to have done it's dash , people will start looking for the next big thing and IMHO at this stage it's not Rocky …. ( vacancy rates are up , though to be honest I'm not sure what they were when I invested before , I just knew I was buying things that would rent easily )

    Brisbane and Adelaide seem to the general consensus .

    Once they've started , then the next ring out will pick up further , Including …… Cairns ! though from Kinnon and your reports there has been some growth there .

    Cliff
     
  13. JenJen

    JenJen Well-Known Member

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    See Change, the Cairns market is out of sync, and defying expectations. Post GFC and economic gloom saw it very depressed. Subsequent economic diversification, plus the resurgence of tourism sees it more aligned with the Gold Coast, and one of the fastest growing property markets in Qld.

    Jen
     
    Last edited: 21st Jun, 2015
  14. JenJen

    JenJen Well-Known Member

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    Re. Rocky, it's being influenced by the post cyclone recovery process - tradies have been flat out for months!
     
  15. Gockie

    Gockie Unicycle anywhere and everywhere... Premium Member

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  16. JRS

    JRS Member

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    Brisbane and Melbourne both listed as Rising Market on the property clock, does everyone here see it the same?
     
  17. sash

    sash Well-Known Member

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    I see Melbourne ahead for Brissie....jobs is the issue with the latter....
     
  18. Shadow

    Shadow Well-Known Member

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    A property near me on the Northern Beaches was purchased for $800K in 2012.

    The buyer spent half a million renovating and adding a third floor.

    Sold at auction last weekend for $2 million.

    $700K profit in three years.
     
  19. wombat777

    wombat777 Well-Known Member Premium Member

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    This pic is perhaps telling of the under-supply of land in Sydney ( or over-supply in Melbourne? ). The number of land estates - Sydney versus Melbourne.

    image.jpg
     
  20. sash

    sash Well-Known Member

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    Definitely more land estate....but do they have anything to build on immediately...the answer is not many blocks....

     
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