NSW Sydney appartment price crashing may be bigger than I thought !

Very nice... I've got mine on the border of Darlington, Chippendale and Redfern, and I've potentially made a 37% capital gain on it since late 2014, judging by the valuation a neighbour got on theirs. And it's yielding really well too. It's a property I plan to simply keep holding. And if push came to shove i'd happily live there.

Ps. Long time owners in the complex say that the area has really improved over time.

 

What is the strata? They have lift access as well. Strata is known to be artificially low in new developments.

 

Around 500.

 

Overpriced / better value to be had elsewhere.
$500 won't stay that way for long. as said above these new devs have their strata artificially lowered to attract buyers.

But each to their own.

 

No. Will have to accept its not overpriced

 

@hash_investor
I'll assume you were being sarcastic in the above comment

 

At some point in time down the track, lifts may need a major repair. And guess who pays?

 

but you depreciate it

 

I have also watched this market reasonably carefully for the last 6 or 7 odd years and have also missed this @eletronic_exp0430 would you mind sharing the details on this please?