Sydney - market

Discussion in 'Property Market Economics' started by Noobieboy, 17th Feb, 2018.

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  1. Noobieboy

    Noobieboy Well-Known Member

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    I’m in Sydneeeeey today. Beautiful weather. Sunny and stuff. So I decided to go for a walk in inner Sydney. So many apartments.

    Anyhow. There are three apartments for inspection, sale or auction is coming up I don’t care. But I have noticed there are no people inspecting. Very odd. One apartment had only one couple inspecting. The real estate guys looked looked lonely. They even said “Hi” to me.

    I thought the market is still pretty hot. Two apartments in one complex and another in a completely different building.

    Odd. Am I just out on a bad day?
     
  2. eletronic_exp0430

    eletronic_exp0430 Well-Known Member

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    Which suburb? I'm at Wentworth Point and that has 1000s of apartments. Just went to 2 open homes and there was over 10 groups there.
     
  3. Scott No Mates

    Scott No Mates Well-Known Member

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    How do you hold 5 parties in two properties? Sounds like a wild area. :rolleyes:
     
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  4. eletronic_exp0430

    eletronic_exp0430 Well-Known Member

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    Fixed :)
     
  5. eletronic_exp0430

    eletronic_exp0430 Well-Known Member

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    I find it there are a few ppl continuously posting about no1 being in open homes etc etc....I think they want to spread false news in the hope they can get prices down for themselves. LOL

    Goodluck with that. Property chat members make up a tiny amount of investor numbers.
     
  6. Noobieboy

    Noobieboy Well-Known Member

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  7. Biz

    Biz Well-Known Member

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    Maybe they smell funny and no one wants to be around them?
     
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  8. WattleIdo

    WattleIdo midas touch

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  9. Noobieboy

    Noobieboy Well-Known Member

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    Thanks @WattleIdo. That probably explains it. Was still a good walk. Have heaps of time to waste, not leaving Sydney till later in the evening.
     
  10. highlighter

    highlighter Well-Known Member

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    I don't think it's that. Price indices are falling for Sydney and have been for a while. The slowdown isn't imaginary.
     
  11. fols

    fols Well-Known Member

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    It’s Saturday morning. Everyone was out on the Aperol Spritzers last night, so they’re still in bed hungover.
     
  12. Scandrew

    Scandrew Well-Known Member

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    It’s Lunar/Chinese new year weekend. Perhaps, many are too busy celebrating :)
     
  13. Noobieboy

    Noobieboy Well-Known Member

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    Hahaha. That’s actually possible.

    Damn. How come I missed the celebrations?

    That is true. I just chose to ignore those who contribute nothing to meaningful discussion. When it quacks like a duck, when it looks like a duck, it is a ?
     
  14. bookworm

    bookworm Well-Known Member

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    Definitely a lot of FUD here... I suspect they are people who missed the massive Sydney bull run - e.g. new members who push out post after post about an impending property crash in Sydney.
     
    Last edited: 17th Feb, 2018
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  15. sash

    sash Well-Known Member

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    Errr.....no ...Wentworth Point?Olympic park is on the list of suburbs listed by reduced lending due to oversupply.

    People may look but oversupply and people having trouble getting loans will impact that market and the associated prices.

    Zetland, Epping, Mascot, parts of Parramatta, Schofield are also affected.....
     
  16. sash

    sash Well-Known Member

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    Mate...that is how you find out what the market is actually doin'.....ignore the people who are posting diatribe...but no one has met them ..they hide behind keyboards.

    What you are picking up is exactly what I am noticing the sentiment in Sydney has change..and in some places the market is correcting quite quickly.
     
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  17. eletronic_exp0430

    eletronic_exp0430 Well-Known Member

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    You missed out on Bitcoin already. Many people including myself got another deposit out of crypto monies. BTW BTC is now over $10k USD again. Give it another month and it will be back at $13k-$14k.
     
    Last edited by a moderator: 19th Feb, 2018
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  18. Noobieboy

    Noobieboy Well-Known Member

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  19. sash

    sash Well-Known Member

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    Agreed...keep watching those markets...I reckon they are heading down agressively..also the banks are very reluctant to lend in those 2 areas...this will push prices down further.
     
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  20. Yek

    Yek Well-Known Member

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    Wow
    Words can't describe how much of a ******* these look like. $830k???!!!! I wouldn't pay $500k for those. It looks like someone opened up a flat pack ikea apartment set and Allen keyed it together.

     
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