NSW SUggestion on PPOR

Discussion in 'Where to Buy' started by sdh, 14th Mar, 2019.

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  1. sdh

    sdh New Member

    Joined:
    14th Mar, 2019
    Posts:
    1
    Location:
    sydney
    Hi Guys,

    I have been looking for PPOR with budget around $850k in inner west, as my partner works here.
    Just checked this property listed on RE
    1 Magnolia Grove, Schofields, NSW 2762
    Please seeif the value looks good or wait for it to come down.
    Land size is quiet good.
     
    sdh, 14th Mar, 2019
    #1
  2. Someguy

    Someguy Well-Known Member

    Joined:
    11th Oct, 2017
    Posts:
    520
    Location:
    Sydney
    I’m confused Schofields is more than an hour away from inner west.
     
    Someguy, 14th Mar, 2019
    #2
    ashish1137 likes this.
  3. John_BridgeToBricks

    John_BridgeToBricks Buyer's Agent Business Member

    Joined:
    25th May, 2018
    Posts:
    2,427
    Location:
    Sydney
    Agree with Someguy's question above.

    Regarding that property, the price point for this based on recent sales would be high $700's. $840k seems a bit high based on comparables, so you have room to work on this seller. It's to the upper end of the acceptable range.

    Side access is a positive.

    Yes, if you like this property, don't obsess with timing, particularly as it is your PPOR. Everyone will have a view on this, but I don't think this correction will last as long as many think.

    Cheers,
    John
     
    John_BridgeToBricks, 14th Mar, 2019
    #3