NSW Sydney Price Correction 2019 - post examples

You have a pretty strong opinion for a bloke looking to buy his first investment in hoppers crossing in 2017 about where the market is going.

 

Could be the demographic you are surrounded by

50+ years of age , savings kids grown up...


In my circles no one is moving ....That is right Zero


@sash as you are getting older. More people will think about retiring outside capital cities. This has been the Norm for generations.

 

Or it could be one of the 27,300 people that left Sydney last year.
3218.0 - Regional Population Growth, Australia, 2017-18

The fastest growing areas in Sydney are Leppington and Marsden Park, which are 40 and 50km away from the CBD respectively.

 

Not saying people didn't migrate.
Sydney is becoming more and more expensive and in the top few of the most expensive Cities of the world. IT is expensive and likely to become more so. Many will not keep up and will move for a cheaper better life.
Issue:
Using evidence . Like many "I" know is not something one should use as dogma.

 

No true...most of the people moving out to Brisbane/Melbourne are lot younger.

The coast fair enough are mostly baby boomers.....the stats show this clearly.....

You live in the Shire...one of the reasons why property prices is being smashed there is because a lot of baby boomers are moving away to the coast...and not enough young families willing to take up homes where transport access is poor.

 

lol... my missus got impatient and we ended up buying a townhouse . so i will be sitting out for couple of years i guess.

 

Why more families are quitting Sydney and leaving for Brisbane than ever

 

Yep...lots of that is happening....denial is the longest river in da world..

 

The majority will not keep up. If Brisbane had a stronger economy there would be more even people leaving Sydney for greener pastures.

 

If.....

 

Manhattan is also not for everyone.
Vancouver
Shanghai
Beijing
London

The list goes on.

 

Here is one in the Druie....515k..in 2017...indication that is is worth only low 4s....

https://www.realestate.com.au/property/5-horne-pl-blackett-nsw-2770

 

How to say hi in Mandarin

(Sorry, I had to)

 

27 Robina Street, Blacktown, NSW 2148

Positiives: 898m2, above the road, great location, good frontage, future development speculation.

Negatives: non rectangular block, very close to a petrol station

Decent block gone for $681k in Blacktown. I was at the auction but even at that price, wasn't keen. Too many other deals to try and grab.

 

Mount Druitt
Is not Blackett.

Kind of like talking about Maroubra than giving Matraville examples to prove a point.

Kind of what are politicians do
Full of BS.

Or am I missing something.

If talking about Druie give examples from suburb. But talking about Druie and giving examples from near by suburbs is .....well ..

 

I think you are well and truly misinformed.

Not only do you understand cycles...but you also fail to understand that Mt Druitt suburbs.

It is really annoying how you twist things around...but I guess it has to do with your view of the world.....and background! You have on numerous instances failed to accept that Sydney took a massive dive....you seem to have only seen this cycle. You also failed to see that prices have wound back to 2016...potentially they may wind back to 2015.

This means most of your properties in Sydney have mostly likely have come off 10-20%...that is fact. Yes...you will say it was coincidence to call that Sydney would come off on 2018-2022.

 

sash - what you reckon is in store for blue chip suburbs on upper north shore in 2019/2020? Still more to come off or are we done.

 

I reckon there is more to come off for houses in the Upper North Shore....there will be massive movement of Baby Boomers downsizing.

Smaller houses...villas and large units will be gold. There are not enough people to take up the slack ....that is why the Hills is dropping like a lead balloon...even though there have been new infrastructure. The best investments in the future will be 3x2x2 apartments or villas with no steps...and small court yard. Too many people are thinking of yesterday year...and our govt is not encouraging developers to build these products.

 

I agree with Sash regarding the hills. These huge homes aren't appealing to the 20/30 year olds with small families. When both partners work they dont have time to manage large properties

The game is close to the city, accessibility to work and low maintenance