NSW Sydney prices going too far?

But the guys on whirlpool told me I’d be able to buy a home in Sydney with my Centrelink payments come April?!?!?

 

Entirely up to you as to what you do with it. Apartments in my block are rarely traded, so it's good to know what it could sell for. It seems most are still owned by their original owners from 1999.


Also I had a look at the development at "The Block" Redfern. It appears to be a lot lower density than what I think could have been developed. Considering the location (just opposite Redfern train station) it's really a lot lower rise than I expected. It surprises me. Anyway, it's visually appealing. Big tick. Seems to have below ground parking too. Fantastic.

 

Strong

 

Realtor warns Canadian home prices could fall 40 percent in major housing market correction

 

Just heard about a house in Avalon that just sold for 5 mil.

Not waterfront , No views , not a massive house but very nicely renovated . Not in avalon's " Golden Triangle "

https://www.realestate.com.au/sold/property-house-nsw-avalon+beach-135629402

If that correct , WTF !!!!

Cliff

 

Hold on - 5% in Brissy, 7% for Sydney for the 7 days into April? Or have I misread that?

 

Isn't it quarter on quarter change ?

 

But we're in a new quarter as of Apr 1? I'm sure I'm missing something, I've been doing renos all afternoon and I'm about to collapse in a heap lol

 

I thought it measures the last 3 months...I don't know I'm probably missing something too.

 

Read the text underneath the table. It is from the last 3 months.

 

Oh I see, they don't use regular business quarters, it's a rolling quarter. Got it.

 

I was out at opens in the Inner West today. This is what I heard outside a 3 bedder in Stanmore.

Buyer: “what’s the price guide?”

Agent: “we’re guiding $2m”

Buyer: “ I can go to $3m.

 

wtf

Was the agent wearing a "I'm with stupid" shirt?

 

I know right. Couldn’t believe what I was hearing.

 

Sounds like YOLO to me

 

@fols should have just said "I can go to $4m." and filmed it, would have looked something like this - fast forward to 35 sec:

 

Doesn't surprise me. The amount of folks who freely give agents information contrary to their own best interests is staggering. The best thing you can do if your selling is treat your agent as though they are the buyers, and If buying, treat selling agent as though they are the sellers.

Most folks don't realise that every single important piece of information you openly divulge, every insecurity, every vulnerability and anxiety, every avenue to apply pressure that you enlighten an agent to - will be used against you at some point. Regardless if they're 'your' agent or the other sides.

It's all about getting the sale closed.

 

Why Australian property prices are very affordable

 

Just came back from an auction in Cherrybrook. Tiny single storey house advertised as 4 bedroom but was really 2 bedrooms + 2 studies (3rd bedroom around 8sqm area and 4th bedroom around 9sqm area). Very close to New line road to factor in ongoing traffic noise and not at all presented for sale (not even lawns mowed for the auction day).

result: 3 bidders fighting it out to a whopping $1.791m sale price for an entry level Cherrybrook house. Majority of houses in cherrybrook are double storeys with massive internal areas. This house would have sold for $1.4m just few months ago so there’s definitely a 30-35% increase this year.

https://www.realestate.com.au/property/webview/15-purchase-rd-cherrybrook-nsw-2126?client=iphone

 

Wow...on a thoroughfare too no less. Proximity to Cherrybrook Tech would've made a massive diff though.