NSW Strategy. Sydney still works out to be profitable.

Discussion in 'Where to Buy' started by bobbyj, 13th Jul, 2015.

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  1. Tekoz

    Tekoz Well-Known Member

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    @sash my man...
    How do you know if the previous 10 years history is just a numbers that we don't need to worry ?

    isn't that obvious a red indicator ?
     
    Tekoz, 17th Jul, 2015
    #21
  2. sash

    sash Well-Known Member

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    Hmmmm....how do you know that the sun will rise tomorrow?

     
    sash, 17th Jul, 2015
    #22
  3. Tekoz

    Tekoz Well-Known Member

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    By looking at the weather report / forecast ;) at least it is predicted with high chance of occurence,

    Counter-Cyclical seems gambling to me. Yes, I know high risk high return.
     
    Tekoz, 17th Jul, 2015
    #23
  4. D.T.

    D.T. Specialist Property Manager Business Member

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    My picks at that price range (your strategy might differ) -
    Houses - Paralowie in the north, Morphett vale in the south
    Units - 2br in Henley Beach in the west
     
    D.T., 17th Jul, 2015
    #24
  5. sash

    sash Well-Known Member

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    I hope so......I have one in Paralowie has grown but would like more.....

     
    sash, 17th Jul, 2015
    #25
  6. sash

    sash Well-Known Member

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    Compared to what....:rolleyes: 900k units OTP in Pazzamatta?

     
    sash, 17th Jul, 2015
    #26
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  7. D.T.

    D.T. Specialist Property Manager Business Member

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    Oh , what kind of property do you have there?
     
    D.T., 17th Jul, 2015
    #27
  8. sash

    sash Well-Known Member

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    Just a house 3x1x2...nothing special bought for 195k many year ago.

     
    sash, 17th Jul, 2015
    #28
  9. See Change

    See Change Well-Known Member

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    To put it simply

    I don't know one forum member who's opinion I trust who would take this deal .

    Cliff
     
    See Change, 17th Jul, 2015
    #29
  10. See Change

    See Change Well-Known Member

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    Exactly .....

    That's why I'm buying In Brisbane . Sydney's had its growth .

    Cliff
     
    See Change, 17th Jul, 2015
    #30
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  11. D.T.

    D.T. Specialist Property Manager Business Member

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    Very nice. It's one of the more desirable areas in the north.
     
    D.T., 17th Jul, 2015
    #31
  12. Tekoz

    Tekoz Well-Known Member

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    @See Change / Cliff yes, that's correct, after having a multiple inspection in Liverpool for the Off The Plan unit in the Mills & Bindery project, driving alone at night in Liverpool doesn't give me safe feeling at all.

    Hence the price is not booming yet in Liverpool.

    I'd suggest to invest in Campbelltown, Wollongong and Blacktown instead of Liverpool at least when the OP wants to limit the buying in NSW area.
     
    Tekoz, 17th Jul, 2015
    #32
  13. HUGH72

    HUGH72 Well-Known Member

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    Thanks, sort of what I was thinking except Henley Beach. Might have to look further into that area. The south seems a little warmer, most reasonably priced stuff is moving fairly quickly. Yields not as good though.
     
    HUGH72, 17th Jul, 2015
    #33
  14. bobbyj

    bobbyj Well-Known Member

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    bobbyj, 17th Jul, 2015
    #34
  15. TyroneS

    TyroneS Well-Known Member

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    Wow, where have I been? I didn't realise units in the Liverpool area were even selling for half a million and I grew up in that area for a lot of my early childhood. Personally I'd look for 2 properties in Brisbane as what Sash has said as you would get a better return and spread your risk a bit rather than put it into one property in Sydney.
     
    TyroneS, 17th Jul, 2015
    #35
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  16. bobbyj

    bobbyj Well-Known Member

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    There are OTP units that offer 3/2/2 for $638,000 or something crazy like that.
     
    bobbyj, 17th Jul, 2015
    #36
  17. Tekoz

    Tekoz Well-Known Member

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    Whoa is that in Liverpool ?
     
    Tekoz, 17th Jul, 2015
    #37
  18. Daniel007

    Daniel007 Well-Known Member

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    How does Campbelltown and Wollongong have greater upside for growth? The amount of infrastructure to cater for badgerys creek is only going to benefit the area, i don't see how either of the areas you mentioned have anywhere as much potential in the next 5-10 yrs and similar amounts of capital investment flowing in. Happy to be proven wrong...

    Also, prices aren't booming? Have a look at houses with development potential in lurnea and surrounding areas, they have gone up significantly in the last 18 months. Anything with good street frontage, 700m2 + and r3 zoning is hitting 1 mill + in the current market.
     
    Daniel007, 17th Jul, 2015
    #38
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  19. bobbyj

    bobbyj Well-Known Member

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    +1
     
    bobbyj, 18th Jul, 2015
    #39
  20. HUGH72

    HUGH72 Well-Known Member

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    No, what if you bought in late 03 and sold 2012? The 10 year average is backward looking.
    A reg flag is buying AFTER 3 years of stellar growth, falling yields and a lot of hype.
     
    HUGH72, 18th Jul, 2015
    #40
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