NSW Sydney..down turn is beginning..2018-2019 will present opportunities..

Discussion in 'Where to Buy' started by sash, 14th Aug, 2015.

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  1. Tekoz

    Tekoz Well-Known Member

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    @devank so in this case, we are better off investing in Stock market :cool: instead of Property ?
    or at least stay away from Sydney and Melbourne market and go to other area.
     
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  2. devank

    devank Well-Known Member

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    I would go where the herd is heading next. To me, that is QLD.
     
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  3. Azazel

    Azazel Well-Known Member

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    But but:

     
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  4. devank

    devank Well-Known Member

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    Did you miss the 'heading next' bit?

    I don't think the 'herd' has started moving to QLD yet. People on this forum is tiny little fraction of the real world.
     
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  5. LibGS

    LibGS Well-Known Member

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    I don't think so. There is a lot of negative sentiment in the stock market right now. This week, a 2% drop is predicted. And a lot of money is coming out of China due to the instability of the stock market there. Australian property is stable and good properties with a decent yield are available.
     
    Last edited: 24th Aug, 2015
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  6. Chris White

    Chris White Well-Known Member

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    I agree with that.

    Momentum is certainty building in SE QLD however, the herd is not there yet.
     
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  7. Steven Ryan

    Steven Ryan Well-Known Member

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    Wait until Sydney eases up and some of the growth data in Bris rolls in and the media will start huffing about Brisbane...

    That's when the herd will move ;)
     
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  8. Tekoz

    Tekoz Well-Known Member

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  9. Azazel

    Azazel Well-Known Member

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    If it were a choice between only those options, the second option.
     
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  10. spludgey

    spludgey Well-Known Member

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  11. Steven Ryan

    Steven Ryan Well-Known Member

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    Give it a year and we'll be calling $1.145m "unexpectedly low" ;)
     
  12. JDP1

    JDP1 Well-Known Member

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    why you ask:
    1. because I live there
    2. lots of infra spend as you point out
    3. comparatively cheap as you also point out
    other reasons include...
    4. lots of room to move [ ie property clock]
    5. stronger representation [ and continued development of] of non mining economic development. If this translates into jobs when gas prices turn around, then there will be a huge boom.
     
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  13. Azazel

    Azazel Well-Known Member

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    So when they do, you will be doing the opposite of the herd and selling?
     
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  14. devank

    devank Well-Known Member

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    If the numbers work then yes. If I'm better off selling than holding then yes.

    Are you asking these questions just to increase your post count?!?
     
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  15. sanj

    sanj Well-Known Member Premium Member

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    Thats a big call!
     
  16. Azazel

    Azazel Well-Known Member

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    Just trying to clarify your *****... I mean oxymoron.
     
  17. Steven Ryan

    Steven Ryan Well-Known Member

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    I won't be surprised if we're up 10% in a year.
     
  18. timetoact

    timetoact Well-Known Member

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    Also there is almost twice the amount of stock moving than this time last year.
    So compared to this time last year the actual number sold each week is much higher, even if the percentage is lower.
     
  19. sash

    sash Well-Known Member

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    Ooi Steve...stop talking up the Brissie market..I haven't finished buying yet!

    If it gets harder...I am coming looking for you....;)

    Just got back from Brissie and things are moving quickly if well priced. I liken it to the Sydney market in 2012.

     
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  20. Steven Ryan

    Steven Ryan Well-Known Member

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    I observed the same in the south, @sash.

    Well priced bread and butter homes = gone within a week.