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NSW The market is still hot & crazy in Sydney

Discussion in 'Where to Buy' started by htopg, 28th Jul, 2015.

  1. htopg

    htopg Well-Known Member

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    The following property was advertised at $1,300,000 on the first day of posting.
    http://www.realestate.com.au/property-house-nsw-wahroonga-120204997

    The agent changed it to "Expressions of interest" in next few days.
    The property got sold for $1,490,000 at the end.
    An increase of $190,000 in just two weeks!!
    I went to inspect the property, while there were good potentials, but the "environmental" factors did not impress me at all.

    The good:
    1. 650 metres to train station
    2. corner block with sub-division potential (but house is right in the middle of the block)

    The bad:
    1. next to rail way
    -> occasion noise (health concern)
    2. 5 metres from main road
    -> constant noise, polluted air (health concern)
    3. 20 metres from Pacific Motorway
    -> constant noise, polluted air (health concern)
    4. 400 metres from the exhaust stacks of M2-M1 link tunnel
    -> concentrated polluted air (huge health concern)

    Obviously, money before health :)
    And of course, kudos to the agent as a seller agent. She just got $186,200 more for the seller (& $3800 for her company).
     
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  2. Biz

    Biz Well-Known Member

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    The bathroom is hot and crazy.
     
  3. Hanison

    Hanison Well-Known Member

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    Bathroom sold it....o_O
     
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  4. Depreciator

    Depreciator Moderator Staff Member

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    Love that stone façade. And the bathroom, of course.
     
  5. Chilliblue

    Chilliblue Well-Known Member

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    + 1 for the stone facade
     
  6. Propertunity

    Propertunity Exclusive Real Estate Buyers Agent Business Member

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    It should never have been advertised at $1.3M in the first place. This is Wahroongah after all. But that bathroom belongs in an Art Deco property. The kitchen belongs in the skip bin or a $400K IP.
     
  7. Tekoz

    Tekoz Well-Known Member

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    @htopg: if it is for Investing purpose, you do not need to worry about the health concerns mate, it's not you after all who live there.

    But yes I agree it is hot investing season at the moment, let's just focus on Brisbane and back to Sydney when the interest rate is increased 2%+ after 2017-2018
     
  8. bythebay

    bythebay Well-Known Member

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    By the bay
    Not bad value given land size!

    Development potential with dual street fronts?

    You'd be lucky to pick up a 2br terrace on 150sqm land in Balmain or 2br OTP 100sqm apartment in Chatswood for similar price
     
  9. wombat777

    wombat777 Well-Known Member Premium Member

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    33°41'24.7"S 150°55'34.3"E
    Hot market? - 650m to train station ( 42min train to Town Hall), 1100sqm and sub-dividabble!

    That's a bargain compared to some prices in the Hills District and the Ponds ( on a price / sqm basis ).

    That's some weirdness in that part of the market. I would have expected a price much higher in Wahroongha, but not really following that part of the world.
     
  10. larrylarry

    larrylarry Well-Known Member

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    It's close to the smoke stacks.
     
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  11. Gibson

    Gibson Well-Known Member

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  12. Mick C

    Mick C Well-Known Member

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    That's a bargain given the location + Brick and SIZE!!!
     
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  13. TaylorChang

    TaylorChang Well-Known Member

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    It's close to railway and main road + subdivision potential ;) SOLD
     
  14. slumdogmillionaire

    slumdogmillionaire Member

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    oh really... didn't know there was one near that!
     
  15. larrylarry

    larrylarry Well-Known Member

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    Wahroonga real estate has been affected to some extent. Whether it is 100m away or 1km, the news of stacks affected sales.
     
  16. htopg

    htopg Well-Known Member

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    Ah.. That explains it. Places near smoke stacks are literally hot. :D
     
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  17. Tekoz

    Tekoz Well-Known Member

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    Esh likes this.
  18. Breeamy

    Breeamy Member

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    :) hope so!, will be interesting to see what spring brings!
     
  19. See Change

    See Change Timing Lord Premium Member

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    I've lived a fair percentage of my life in Waroonga or the suburbs on either side , Warrawee and currently Turramurra

    The stacks are having an impact in the immediate vacinty ( eg Barrena , numerous sales ) , but 1 km away , don't think so .

    The reason this only sold for just under 1.5 are

    It's on the " wrong " side of the motorway , it's close to the motorway , pacific hwy and the railway . Convenient to transport it maybe , but it doesn't cut it up there .

    Wouldn't touch it with a 1 km barge pole .

    At anytime other than a boom this would sit on the market doing nothing .

    Personally I think 1.49 is over the top for this unless they are able to put units on it .

    Cliff
     
  20. WattleIdo

    WattleIdo renovating Premium Member

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    Definitely wrong side of the M1 but a convenient area and nice house.
    Have saved bathroom pic and may emulate. Always loved an Art deco apple green bathroom with black trim.
     
    MsAli likes this.