NSW Sydney Property Hype 2016

This one was sold for 5.3M today. 8 Havilah Street Chatswood NSW 2067 - House for Sale #123860594 - realestate.com.au

So the heritage house last week sold at 3.9M is still a bargain?

 

What drop? Average house. 1.3 !

40 Lapstone Street, The Ponds, NSW 2769 - Property Details

 

Scary thought... The Ponds is a stone's throw from the Druitt suburbs.
#justanalternativewayofseeingthings....

 

The buyers are probably from Druie made money in this boom and upgraded to the Ponds?? lol

 

I know of a lot of people splurging on upgrading homes as they have made so much money themselves through this boom..
I personally know of a lot of families who have sold up on apartments, duplexes, townhouses closer to the city/beach and have moved to the NW for what they see as great value for money..bigger backyard etc.
A lot of them actually have parents who live around the hills. So the generation who have moved out closer to the city..probably bought there and lived single/early married life and then come back near mum and dad when they have kids.

 

Is that signaling times to come for Old Mount Druitt (the suburb ...not the satellite suburbs )

 

I'd prefer to live some where that more than a stones ( or a rock ..) throw from Mt Druitt ......

Cliff

 

Wow. mount druitt gonna be the most walkable suburb of sydney.

Hurry people. buy a ppor there. may be you would be priced out after a year or so.

 

Why do you care about Mount Druitt so much?

 

Um....not really. It's quite a distance. If you said Ropes Crossing, well, that would be different.

Nobody from Mt Druitt is going to move to The Ponds

Oh, come on....you know they're too lazy to go too far. We moved to St Clair, which IS a stones throw, (still further than Ropes, though) and couldn't be happier. The suburb has a totally different vibe.

 

Actually I dont. rather that holds true for entire sydney.

Wanted to say something similar to what @skater posted. However, dint had patience to write words as has been used in her post.

Pardon my lack of skills.

Regards

 

Yes, West Pennant Hills has gone nuts!

From this...9 Corella, West Pennant Hills, NSW 2125 - Property Details

To this... 9 Corella Court, West Pennant Hills, NSW 2125 - Property Details.. Im told it went for over 3.5 Million

Yes, it's a stunning renovation, but thats a 2 million + increase in 4 years....

Its the upgraders driving this right now...

 

Meh. That's "chump change" at only $2109 per sqm of land.

 

Sydney's strength continues....
Saturday 19th November 2016
Property Snapshot
Number Listed Auctions: 768
Number Reported Auctions: 510
Sold: 430
Withdrawn: 31
% Cleared: 79 %
Total Sales: $448,653,138
Median: $1,221,500

 

WPH is also helped by North West Metro (via Cherrybrook station), even though most people who live in that pocket of WPH doesn't need the train anyway. That area is beautiful every time I drive past there.

 

90 percent of weekend auctions in four Sydney regions sold under the hammer: CoreLogic

Is it just me that finding lately the media is doing lesser doom-saying/scare mongreling?

I am not pay much attention to the Sydney market now...hovering around 80% means pretty heated still? Some of the lights are shiny on the north shore now it seems.
If Blacktown is over 60%, it's probably still heated market...

 

Just remember that many of these organisations (domain, realestate.com.au, corelogic, etc, etc) make their money selling stats, reports, subscriptions, listings, advertising, papers, etc. The better the confidence and selling activity in the market, the more money they make. We are also heading into the traditionally quiet part of the year for realestate. Their marketing/PR tempo doesn't take much of a break though.

Disclosure: I own shares in one of these organisations but the cynic cortex of my brain remains healthy.

 

I would like to know how the north western suburbs are classified. Does anybody have a map?

 

Epping is west

 

A few people I work with are looking to buy but are complaining about the lack of stock. This is probably pushing prices up as it makes those keen to buy a bit more desperate in their bidding.