NSW Watching the Druie Drop in Slow Motion (2019)

Discussion in 'Where to Buy' started by Scott No Mates, 6th Apr, 2019.

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  1. Scott No Mates

    Scott No Mates Well-Known Member

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    Saw that this one sold in Letho - linky

    Princely sum of $365,000.

    Terms were 28 Day settlement.
     
  2. dabbler

    dabbler Well-Known Member

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    Nice photos...lol....

    @sash will say still too much.....and prob right....asbestos laden heap of dung.....
     
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  3. sash

    sash Well-Known Member

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    'ang on guv...some of the Druie princesses use dung as perfume. Let me ask @datto ....Datts what sez youse?

    As for the price stll to much. But if the Druie can drop like this...which is lower priced....some other areas have dropped even more...interesting....so the people crowed about Sydney being different...and say made 800k profit woul be sitting on 550k by next year...dems how it works
     
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  4. datto

    datto Well-Known Member

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    Right on.

    Dat arnt dung. Dem endorfins. Smeeel gud. Make datoo go creezy wen he smelt dem.
     
  5. sash

    sash Well-Known Member

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    Onya...dats....dhats why youse the king of the Druie!!
     
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  6. Scott No Mates

    Scott No Mates Well-Known Member

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    The two places to the right look like they have been rebuilt (6 x new dept housing accommodation) and another nearby sale in 2014 was $360k for a non-subdivisible block. So $185k each for a duplex + $120k each construction +>35% risk & profit. (there are some sales for newer houses in the $500's but that went BOOM! If you could pull anything better than low $400k for each in this market you'd rinse and repeat.
     
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  7. dabbler

    dabbler Well-Known Member

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    You been eatin an smokin too much or your own ohm grown :)
     
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  8. sash

    sash Well-Known Member

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    You be smokin' ganja mon!

    There is no way... no way...you could build a Duplex in Sydney for less than 650k.....add to dhat the cost of 360k land + stamps/legals of 15k + 25k demo + 60k holding/sell costs...you aint got no profit at 555k a piece....and I'll be damned if some idiot pays that much in the Druie a Duplex!!!
     
  9. dabbler

    dabbler Well-Known Member

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    Maybe there is a waiting list of PC subscribers who are silent ?

    Anyway, not this black duck....:)
     
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  10. sash

    sash Well-Known Member

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    If ya stop floggin' like a roman navy slave driver.....they might peek their head out....!!!!!

    On a more serious note.....there has indeed been deafening silence!!!
     
  11. Scott No Mates

    Scott No Mates Well-Known Member

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    You're building in the Druie not near Woolahra station
     
  12. skater

    skater Capitalist -- www.skatepro.com.au

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    Precisely! That is a sub dividable lot. If it were me I'd be putting 2 x basic 3bed, 2bath homes cheap Project homes on Torrens Title.......4bed if the budget allows.
     
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  13. sash

    sash Well-Known Member

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    When was the last time you actually built a house?

    Do you even know that even a small 15sq duplex half is going to cost at least 250k? That is without landscaping and driveway. You should do your homework.

    Even in Victoria it will cost 220k on existing land.
     
  14. sash

    sash Well-Known Member

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    Let me ask the question when did you price out a simple home last?
     
    Last edited by a moderator: 9th Apr, 2019
  15. skater

    skater Capitalist -- www.skatepro.com.au

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    Not that long ago, as a matter of fact.

    O
     
    Last edited by a moderator: 9th Apr, 2019
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  16. Scott No Mates

    Scott No Mates Well-Known Member

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    Something along these lines. Nothing glamorous.

    Linky
    Lanky

    Bound to find something cheaper with a little looking.
     
  17. sash

    sash Well-Known Member

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    I'll tell you what if you can build it sub 500s youse on a winner....but i very much doubt you can do it. Have already cecked it out on existing sites you are adding about 50k....plus another 250 to 270k to build. Then add demo costs and holding does not make sense.

    Lots of dreamers out there. Have built quite a few.. and NSW in my view has the highest costs...followed by Qld among the larger states. Wa is the cheapest and they do doulble brick as standard. Vic is also great...you need to know what you are doing ...too many noddies out there thinking by researching they know....you have to experience some of the pitalls.

    To many people on here claiming anonymity and privacy have done diddly squat...if you cant share then youse a fraud.
     
  18. sash

    sash Well-Known Member

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    That is a teaser add...does not include flooring...site costs...etc ...etc...

     
    Last edited by a moderator: 9th Apr, 2019
  19. sash

    sash Well-Known Member

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    Lets put it rhis there are areas i am looking at where i can put a fully complete house with land for 370k tops and flog it forc470 to 490k
     
  20. Scott No Mates

    Scott No Mates Well-Known Member

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    @sash, even @$200k each it's still a big jump to $650k regardless.

    And I couldn't justify $200k.