Watching the Druie Drop in Slow Motion

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

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  1. hash_investor

    hash_investor Well-Known Member

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    hash_investor, 13th Jun, 2017
    #821
  2. TMNT

    TMNT Well-Known Member

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    So much real estate ego on these forums.....
     
    TMNT, 13th Jun, 2017
    #822
  3. sash

    sash Well-Known Member

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    Record set as five-bedroom Mount Druitt house plus furniture sells for $1.2 million

    Now this is taking the p^iss watch the moans when the market tanks when idiots like this overpaid and over capitalised.......who the hell pay 1.2m in the Druie.....you have got to be kidding...there are plenty of places closer in which I can think of...which are much nicer...

    This sort of behavior reminds me of what happened last cycle..and what happened in Perth ...interesting times indeed...
     
    sash, 13th Jun, 2017
    #823
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  4. S1mon

    S1mon Well-Known Member

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    give it a year that will be seen as a bargain ;)
     
    S1mon, 13th Jun, 2017
    #824
  5. sash

    sash Well-Known Member

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    Give it a year...and they won't be able to sell it for another 10-12 years.....at that price.......if they ever default they are screwed.

    Did you know for $1.2 you can buy houses in shire in much better locations? Even in some parts St George....
     
    sash, 13th Jun, 2017
    #825
    marty998, Brickbybrick and Darren A like this.
  6. See Change

    See Change Well-Known Member

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    I'm with sash on this one .

    who ever paid 1.2 for a house in Mt Druitt has got rocks in their head .

    Cliff
     
    See Change, 13th Jun, 2017
    #826
  7. Tonibell

    Tonibell Well-Known Member

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    Vendors could have sold it for $1.4 a year ago - hung on to it a bit too long ;)
     
    Tonibell, 13th Jun, 2017
    #827
  8. sash

    sash Well-Known Member

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    I have acquired a special set of skillsets......not only in property but also .....other very specialized skillets . ;)
     
    sash, 13th Jun, 2017
    #828
  9. S1mon

    S1mon Well-Known Member

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    I was only joking / agree that is silly ;)

    Sash where do you think shellharbour is heading over the next few years?
     
    S1mon, 14th Jun, 2017
    #829
  10. skater

    skater Well-Known Member

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    Me too! There have been a few nudging that amount, (and I thought they were crazy), but this one doesn't even look that special.
     
    skater, 14th Jun, 2017
    #830
  11. See Change

    See Change Well-Known Member

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    Phew ....

    Cliff
     
    See Change, 14th Jun, 2017
    #831
  12. larrylarry

    larrylarry Well-Known Member

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    I had to read the article twice. Best street in mount druitt and close to station, shopping centre and tafe. This price won't beaten for another 10 years saith the agent. Wow.
     
    larrylarry, 14th Jun, 2017
    #832
  13. sash

    sash Well-Known Member

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    With fhb market it had a little room to move the unknown is the baby boomer retirement market.

    They tend to be cashed up so less impact from interest rates and bank policies
     
    sash, 14th Jun, 2017
    #833
  14. sash

    sash Well-Known Member

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    Blood ugly inside decor.......puts me off big time
     
    sash, 14th Jun, 2017
    #834
  15. skater

    skater Well-Known Member

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    I couldn't find it. Do you have a link?
     
    skater, 14th Jun, 2017
    #835
  16. larrylarry

    larrylarry Well-Known Member

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    larrylarry, 14th Jun, 2017
    #836
  17. Cimbom

    Cimbom Well-Known Member

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    I just came into this thread to post the same thing lol. I feel very sorry for whoever is the unfortunate buyer of that property
     
    Cimbom, 14th Jun, 2017
    #837
  18. Cimbom

    Cimbom Well-Known Member

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    Cimbom, 14th Jun, 2017
    #838
  19. hash_investor

    hash_investor Well-Known Member

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    and a granny flat too at the back... have a look at how much house + granny flats are going for in the area and surroundings. This was just a tad bit higher because of newer build.
     
    hash_investor, 14th Jun, 2017
    #839
  20. larrylarry

    larrylarry Well-Known Member

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    Quite true. Electric gate that acts as electric fence to ward off intruders. no mention of lockup shutters though.
     
    larrylarry, 14th Jun, 2017
    #840
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