Watching the Druie Drop in Slow Motion

Discussion in 'Property Market Economics' started by sash, 17th Oct, 2015.

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  1. Chris White

    Chris White Well-Known Member

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    I have an interest in every area, that's what I do for a living :)
     
  2. sash

    sash Well-Known Member

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    Cliffy the above may result in Koombayaa .... I need a life down....my blood pressure dropped ...I am in shock .....that is 2 and 2 today ...in terms of shocks today....:D

    Agree 98% of what you ist sayin above....
     
    Last edited by a moderator: 7th Nov, 2016
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  3. dabbler

    dabbler Well-Known Member

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    The top end can also be the loss leader, the Eastern suburbs etc were often the ones in the most trouble when things turn, not recently or this time, but if things go really bad in business, then people do sell off the toys etc & there are none really wanting to take on the expensive homes, so they drop.
     
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  4. sash

    sash Well-Known Member

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    Yep the very top and very bottom suffer the most......
     
  5. skater

    skater Well-Known Member

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    SC, I mostly agree, but we are getting this now as well.

    Of course, throw in a few interest rate rises & it will be a different story.
     
  6. skater

    skater Well-Known Member

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    With all due respect, you can't know....really know....every area. You can get a bit of an idea, but you can't get to know EVERY area like a local.
     
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  7. RetireRich101

    RetireRich101 Well-Known Member

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  8. WattleIdo

    WattleIdo midas touch

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    Well that wasn't right, was it guys?
     
  9. WattleIdo

    WattleIdo midas touch

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    Try following the logic of those who happily discredit facts, data, graphs etc and you will get nowhere. Not everyone uses logic, reason, accuracy etc to become successful. They are nevertheless successful though it has probably taken them more moves than most to get there. They are legends in their own lunchboxes and there is a lot to be learnt from them.
     
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  10. sash

    sash Well-Known Member

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    I agree.....issue is too much is put on graphs and stats....the REAL investors got ahead of the curve...if one looks at data....it would have to be gathered on past history ....only way one can get ahead of the curve is via doing their on the ground research.

    The really successful investors on here have done exactly that...they get on the ground check the fact well before the herd comes there once the stats are there.

    Lot of people are getting way to emotional about investments........I still stand by Mt Druitt correcting by 2019...so the jury is till out....
     
  11. WattleIdo

    WattleIdo midas touch

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    Cards on the table.
    Show us what you've got.
    Please try to make it readable.
     
  12. sash

    sash Well-Known Member

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    Tell you what.....put your cards on the table first...show us what ya got........trawl through my posts and you will see where I am at....some of the trolls on here like stalking me..they might have all whatr you need to know.... ;)
     
  13. S1mon

    S1mon Well-Known Member

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    if slow motion drop = median motion increase, then sash is on the money!
     
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  14. sash

    sash Well-Known Member

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    The key is rates....watch that space....investors have pulled back......if rents trend down also...it will get interesting.....

    as always units/Townhouses always flatline first......2019 here come!
     
  15. ashish1137

    ashish1137 Well-Known Member

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    About 3 months back, any unit in my block was being snapped up quickly.

    Currently, there are two on market with no buyers. It seems buyers have backed out. Let's see how it goes further. I think stats will reflect it in next quarter. For those Not On Ground. :D:D:p
     
  16. gach2

    gach2 Well-Known Member

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    Ill post here since i dont want create a new thread

    When i was looking 2 years kept seeing agents promote corner blocks as being able to subdivide and there was a premium (5-10% etc). At the time due to Sydney's high building cost and the fact the positioning of HC stock meant that retaining dwelling were impossible the numbers did not work out. Are there people now building dual occs in 2770?

    @skater - tagged you as you seem to be the expert of 2770 :)
     
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  17. gach2

    gach2 Well-Known Member

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    @sash I feel like your dreaming
    while 400 - 440k may be right correction in 2019
    The only way 2770 is going to be 280-350 is when sydney medium goes back to 600-700

    You have put down Sydney and regions in Sydney in the past (im sure on SS as well) and since Sydney has probably done better than majority of any other region in Australia. Yea that may not continue moving on but i dont see Sydney correcting that dramatically any time soon.
    Then again who knows anythings possible (Just like this thread getting 36 pages of replies)
     
  18. RetireRich101

    RetireRich101 Well-Known Member

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    Does everyone still believe houses in those suburbs (Whalan; Tregear; Lethbridge Park; Emerton; Dharruk) were sold "...many over 500k compared to when it peaked." when this post started in Oct 2015?

    In this Post#85 back in Oct 2015:
    • I compiled rpdata for the suburbs Whalan; Tregear; Lethbridge Park; Emerton; Dharruk for Oct 2014-March 2015 ( would this be the peak months for 2770?)
    • According to 160 sales in that period, only 5 were over 500K. If you drill into those sales, they likely outside the norm sales, such as with Granny flat etc
     
  19. WattleIdo

    WattleIdo midas touch

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    I have already disclosed my properties, as you well know. Seems you can't do the same, oh well. Why anyone bothers, I don't rightly know.
    If anyone has the patience to read this hogwash thread, the state of mind we're looking at becomes only too clear.
     
    Last edited: 5th Feb, 2017
  20. Frazz

    Frazz Well-Known Member

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    Make of it what you will - rents for 3br houses in 2770 have dropped by 4.2% over 12 months. All houses are down 2.7%.Though not huge I suppose.

    upload_2017-2-5_13-51-53.png

    While the headline vacancy rate looks nice at 1.6%, there does appear to be an upward trend:

    upload_2017-2-5_13-53-57.png
     

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