NSW Sydney going OTT

Discussion in 'Where to Buy' started by Propertunity, 20th Feb, 2017.

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  1. Propertunity

    Propertunity Well-Known Member

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    Propertunity, 20th Feb, 2017
    #1
    Frank Manno, Observer, MTR and 2 others like this.
  2. Gockie

    Gockie Life is good ☺️ Premium Member

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    It really is madness... its closer to Homebush station than Strathfield.

    Saw an RP data blog today, Sydney now has more suburbs with a median of over 2 mill than suburbs under a 600k median...
     
    Gockie, 20th Feb, 2017
    #2
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  3. Blacky

    Blacky Well-Known Member

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    "Affordable entry into Strathfield"

    Strewth... I'd hate to see what an unaffordable entry into strathfield looks like.

    Blacky
     
    Blacky, 20th Feb, 2017
    #3
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  4. Propertunity

    Propertunity Well-Known Member

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    I've been pretty bullish on Sydney property for many years (still am with this sale :)) BUT even I am awestruck looking at this result :confused:. Great time to be holding Sydney property :p
     
    Propertunity, 20th Feb, 2017
    #4
    Jacque likes this.
  5. jodes

    jodes Well-Known Member

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    Honestly, that's totally ridiculous
     
    jodes, 20th Feb, 2017
    #5
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  6. AntW

    AntW Well-Known Member

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    if u bought 10 no even 5 yrs ago in syd - why would u ever sell the golden goose
     
    AntW, 20th Feb, 2017
    #6
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  7. Gockie

    Gockie Life is good ☺️ Premium Member

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    I know.... sold 2 last year... maybe should have held....
     
    Gockie, 20th Feb, 2017
    #7
  8. Indifference

    Indifference Well-Known Member

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    As a non-Sydneysider I find these tales insanely intriguing.... $2M is enough to retire on comfortably (be financially independent) nearly anywhere else in the country.
     
    Indifference, 20th Feb, 2017
    #8
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  9. Tonibell

    Tonibell Well-Known Member

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    About to sell one we have held for 12 years - hope things continue for another 3 weeks.

    Why sell ???? Over exposure to the Sydney market where we have already "made enough".
    It is a bit ridiculous to have 30+ years salary invested in a single market - no matter how good that market is perceived to be.

    Like to scale back/cash in a bit and move in to other markets (actually have done that a bit too much already).
     
    Tonibell, 20th Feb, 2017
    #9
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  10. Tonibell

    Tonibell Well-Known Member

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    Yep .......... but when your life is in Sydney ........ it can be a tough outcome for some.
     
    Tonibell, 20th Feb, 2017
    #10
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  11. Jello_B

    Jello_B Well-Known Member

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    Hoping to get some help here, I am willing to spend around $1.5M and looking to buy a house in Sydney. I like Glebe and around there. Also Kengsington and around there. Would like 3 br, green title. Could do a terrace style house but wouldn't want a shared wall.
    Any areas experienced Sydney people think I should be looking?
     
    Jello_B, 20th Feb, 2017
    #11
  12. neK

    neK Well-Known Member

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    Not too bad. House up the street (barely liveable) sold in Mar 2014 for 1.8m
    That said it was a 900sqm block, but given how much price shave moved during this period, $2.075m isn't a bad price.

    This other place sold for $3.175m on the same weekend
    4 Wallis Avenue, Strathfield, NSW 2135 - Property Details


    This - 45 Bareena Street, Strathfield, NSW 2135 - Property Details
     
    neK, 20th Feb, 2017
    #12
  13. Propertunity

    Propertunity Well-Known Member

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    I'll comment on your property search separately but first:
    There is no green title in NSW.
    Terrace style houses generally do not exist as a stand alone but more typically in a row with others sharing a common wall. There are some minor exceptions.
     
    Propertunity, 20th Feb, 2017
    #13
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  14. Propertunity

    Propertunity Well-Known Member

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    Thanks Nek. Spoken like a true Strathfield resident. :p
     
    Propertunity, 20th Feb, 2017
    #14
    neK likes this.
  15. Jello_B

    Jello_B Well-Known Member

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    What is the equivalent of green title, ie I don't want a strata. Yeah I've seen a lot of terraces with common walls, seen a few that haven't though (or thought I have).
     
    Jello_B, 20th Feb, 2017
    #15
  16. Jello_B

    Jello_B Well-Known Member

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    My lord that's miles away.
    I liked this one in Glebe but maybe a bit much.

    157-163 St Johns Road Glebe NSW 2037 - House for Sale #124640230 - realestate.com.au
     
    Jello_B, 20th Feb, 2017
    #16
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  17. Hwangers

    Hwangers Well-Known Member

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    who bought the knock-down rebuild in the OP? were you there Alan? @Propertunity close to stratty girls (decent) and homebush boys (so/so) closer to homebush than stratty though!

    wonder how much housing on the boulevard cost now!
     
    Hwangers, 20th Feb, 2017
    #17
  18. dabbler

    dabbler Well-Known Member

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    Yeah, I think they may have paid a little too much, but not too over the top when I think about places like Kingsgrove

    I know someone sitting on a better place not far away, but the 3 mil one is in a different , better part, lot of money there.
     
    dabbler, 20th Feb, 2017
    #18
  19. Propertunity

    Propertunity Well-Known Member

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    One of my BAs was there bidding for a client.
     
    Propertunity, 20th Feb, 2017
    #19
  20. Biz

    Biz Well-Known Member

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    People throwing around millions like they're lollies.

    Might be time to sell up and get out me thinks.
     
    Biz, 20th Feb, 2017
    #20
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