NSW Sydney Price Correction 2019 - post examples

Sure. 2122 = Eastwood.
Ps. This is free data. Go to the SQM Research website, go to stock on market, search by postcode then split the data by units vs houses

 

Buddy you and I and some others been saying that forever, AND taking action.

Whose smilin from cheek to cheek now


It's not rocket science. Look for value. Buy according to risk tolerances. Add value potential always good.

Rinse and repeat.

 

I am not following any particular areas, or losses, I know covid and the cash splashes and low IR fueled the pricing on many houses....

I noticed many units I was looking at in a few areas are at or below the price from 5 years ago ! That is a big loss if you sell.

We will see what transpires, been too many highs, I bet lot have piled on the debt too, might be time to buy again in Syd soon...wonder how low those units can go % wise if there is a correction from some other shock.

 

Can't figure out the result of this sale:
https://www.realestate.com.au/sold/property-house-nsw-castle+hill-136010974

$3,400,000 for 3,200 m² R3 zone close to Castle Towers and Metro. There are 4 separate titles included in this sale, so each owner receives just $850K???

Especially when this one sells just 1 week prior for a similar amount and it's R2 zone.
https://www.realestate.com.au/sold/property-house-nsw-castle+hill-136737802

 

No idea either.

 

I think 3.4M is only for 6 and 7 Wilton Close and not 4, 5, 6 and 7 as shown in the photo. The 3200 m² is probably for all four lots.

The reason is that if you check the sale history of 5 Wilton Close, it was sold for 1.97M this month:
https://www.realestate.com.au/property/5-wilton-cl-castle-hill-nsw-2154.

 

It makes sense price wise but what about number 4 then?

 

The vendor may want to keep number 4 or sell it in the future?

 

Correction? What correction?

Sydney house prices hit record high, with median climbing to almost $1.5 million — Domain

 

Bankstown LGA is "Inner South West", correct?

 

Yes. From ABS Maps | Australian Bureau of Statistics

 

Ps. I think the SA4 name “Ryde” should be changed to something else cause it even goes up towards Thornleigh, and people in Thornleigh identify more with Hornsby, it’s Hornsby council area.