Sydney first-home buyers sacrificing car spaces to get on the property ladder

Discussion in 'What to buy' started by Kevbo, 19th Jul, 2021.

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  1. Kevbo

    Kevbo Well-Known Member

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    Kevbo, 19th Jul, 2021
    #1
  2. Trainee

    Trainee Well-Known Member

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    Brand new, giant development, focus on all the fhb grants.

    ‘wanted something nice but not too expensive’

    fair enough. But choices have consequences.
     
    Trainee, 19th Jul, 2021
    #2
  3. Gockie

    Gockie Life is good ☺️ Premium Member

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    Its a Domain article paid for by a vendor/company for promotional purposes and Domain would be shooting themselves in the foot if they wrote an independent article saying people shouldn't buy carspace free apartments...
     
    Gockie, 19th Jul, 2021
    #3
  4. Noobieboy

    Noobieboy Well-Known Member

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    Agree with @Gockie. Didn’t find the article amusing.
     
    Noobieboy, 19th Jul, 2021
    #4
  5. Kevbo

    Kevbo Well-Known Member

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    I certainly wasn’t aware that Domain isn’t independent - always learning something new.

    These articles would have the effect of swaying some people into buying off the plan 1-1-0 - possibly one of the worst investments you can make in Sydney.
     
    Kevbo, 19th Jul, 2021
    #5
  6. thunderstrike888

    thunderstrike888 Well-Known Member

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    Well its not going to get any better imho. I was reading and discussing only a few days ago that Lockdown was going to cause MORE demand in housing and today look what comes out on RE. LOL

    Sydney in lockdown: ‘FOMO’ intensifies as restrictions drive huge drop in property listings - realestate.com.au

    This was always going to happen. Buyers pulling their listings until lockdown is over, pent up buyer demand, Cash in the bank doing absolutely nothing for you, low low stock, huge increase in investors.......ahhh

    We are going to be in for a hell of a Spring season I'm telling ya. Huge price rises yet to come. I can see it already.
     
    thunderstrike888, 19th Jul, 2021
    #6
  7. mickyyyy

    mickyyyy Well-Known Member

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    Happened in last lockdown so makes sense
     
    mickyyyy, 19th Jul, 2021
    #7
  8. Colin Rice

    Colin Rice Mortgage Broker Business Member

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    Do they get street parking with a permit?
     
    Colin Rice, 19th Jul, 2021
    #8
  9. Mark F

    Mark F Well-Known Member

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    Many inner city Millennials etc don't own a car and don't intend to - just need space for their eScooter :D. Personally I would buy with a parking space and then rent out the parking space to cover the extra cost.
     
    Mark F, 19th Jul, 2021
    #9
  10. Marg4000

    Marg4000 Well-Known Member

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    I’m amazed that people pay many millions for a terrace in Paddington (Sydney) with no car parking!
     
    Marg4000, 19th Jul, 2021
    #10