What will stop the BOOM in Sydney and Melbourne

Discussion in 'Property Market Economics' started by MTR, 5th Nov, 2016.

Join Australia's most dynamic and respected property investment community
Tags:
Thread Status:
Not open for further replies.
Page 39 of 52
  1. P1ngu

    P1ngu Active Member

    Joined:
    31st Jan, 2017
    Posts:
    40
    Location:
    Melbourne
    PM'd @sash
     
    P1ngu, 20th Sep, 2017
    #761
  2. sash

    sash Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    15,663
    Location:
    Sydney
    Ta mate....
     
    sash, 20th Sep, 2017
    #762
  3. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,859
    Location:
    My World
    Blue chip - Cottesloe would be my pick in Perth market. Premier suburb but been hit hard.
     
    MTR, 20th Sep, 2017
    #763
  4. Ald

    Ald Well-Known Member

    Joined:
    6th Jul, 2016
    Posts:
    775
    Location:
    NSW
    Property prices in Sydney and Melbourne are way higher than the economic fundamentals would allow. Even in Perth now there are suburbs that you wont loose on but it aint the cottesloes and floreats because thats the top end of town and the price has remained high there over the last 3 years. karrinyup south however is the one that will turn a profit for other reasons. If was invested in sydney or melbourne now i would be selling everything and cashing in my chips and renting for a few years while waiting for a stock market crash and then buying asx10 stocks while property returns to 2013 prices and continues to stagnate. The Chinese will get burned on property just like the Japanese did on the gold coast. Property for the next ten years is a fools play.
     
    Ald, 12th Oct, 2017
    #764
  5. melbournian

    melbournian Well-Known Member

    Joined:
    2nd Sep, 2015
    Posts:
    3,038
    Location:
    melbourne
    LOL- yeah sure everybody wants to go edith cowan in WA to do medicine and I sold my Telstra shares for $8 a decade +ago.
     
    Last edited: 12th Oct, 2017
    melbournian, 12th Oct, 2017
    #765
  6. DowntownBlock

    DowntownBlock Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    483
    Location:
    Melbourne
    I like Cottesloe too.
     
    DowntownBlock, 12th Oct, 2017
    #766
    MTR likes this.
  7. melbournian

    melbournian Well-Known Member

    Joined:
    2nd Sep, 2015
    Posts:
    3,038
    Location:
    melbourne
    meanwhile on earth in Melbourne

    Mentioned this many times that geelong would be the next big thing (faster to get to CBD than frankston train line) same like @sash said. in btw I have taken the train at least a hundred times from frankston to CBD, so can't be wrong.

    Geelong house prices record strong annual growth

    upload_2017-10-13_11-39-26.png
     
    melbournian, 13th Oct, 2017
    #767
    wa2, josh123 and MTR like this.
  8. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,859
    Location:
    My World

    Keep going you beautiful thing.

    So don't see anything stopping Geelong growth
     
    MTR, 14th Oct, 2017
    #768
    larrylarry likes this.
  9. turk

    turk Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    926
    Location:
    Brighton
    turk, 14th Oct, 2017
    #769
    Perthguy likes this.
  10. sash

    sash Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    15,663
    Location:
    Sydney
    Yep.....don't get me wrong...Frangers has had some excellent growth..but it is pretty much at peak like some parts of Melbourne....Geelong has another 18-24 months of growth.

    You are absolutely correct....it is faster to get to Melbourne with the upgrades in rail there!
     
    sash, 14th Oct, 2017
    #770
  11. Ian87

    Ian87 Well-Known Member

    Joined:
    23rd Sep, 2016
    Posts:
    709
    Location:
    Melbourne
    Funny I bought in Franga 2 years ago, got 31%growth in 2 years

    Settle on a property in Geelong next month, if it gives me even half the growth of Franga I will be very happy.


     
    Ian87, 14th Oct, 2017
    #771
    josh123 and melbournian like this.
  12. melbournian

    melbournian Well-Known Member

    Joined:
    2nd Sep, 2015
    Posts:
    3,038
    Location:
    melbourne
    Dun get me wrong - Nothing wrong with frangas
    Reason why I took the train that many times is I grew up ard mt Eliza hence only way to cbd was Frankston with quite a few stops

    Geelong is a major attraction due to proximity and price bracket.
     
    melbournian, 14th Oct, 2017
    #772
    josh123 likes this.
  13. aussie1

    aussie1 Active Member

    Joined:
    13th Jul, 2017
    Posts:
    40
    Location:
    Brisbane
    At this point do you see more potential for gains in Geelong over outer Melbourne suburbs like Werribee?
     
    aussie1, 14th Oct, 2017
    #773
  14. sash

    sash Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    15,663
    Location:
    Sydney
    Yep plenty.....
     
    sash, 14th Oct, 2017
    #774
    josh123 likes this.
  15. WattleIdo

    WattleIdo midas touch

    Joined:
    18th Jun, 2015
    Posts:
    3,429
    Location:
    Riverina NSW
    Don't get me wrong but there's a lot more growth to come in Franga, whether you like it or not. Go Geelong - wish I'd bought there too.
     
    WattleIdo, 14th Oct, 2017
    #775
    MTR and melbournian like this.
  16. melbournian

    melbournian Well-Known Member

    Joined:
    2nd Sep, 2015
    Posts:
    3,038
    Location:
    melbourne
    I only used the comparison in terms of train taking as Frankston line is closer to cbd than Geelong. Nothing to do whether i like it or not
     
    melbournian, 14th Oct, 2017
    #776
  17. craigc

    craigc Well-Known Member

    Joined:
    25th Jun, 2016
    Posts:
    1,601
    Location:
    Melbourne
    For the Sydneyites as a reference - Geelong is closer to melb than Central Coast is to Sydney.

    Geelong however is not usually counted in greater Melb population whereas Central coast is considered part of greater Sydney.
    I heard on podcast the other day, If you included Geelong as part of greater Melb, ala central coast is counted in Sydney no's, Melb has already overtaken Sydney in terms of population size.
     
    craigc, 16th Oct, 2017
    #777
    Sticky likes this.
  18. melbournian

    melbournian Well-Known Member

    Joined:
    2nd Sep, 2015
    Posts:
    3,038
    Location:
    melbourne
    meanwhile in central melbourne....

    went to this apartment block launch by Malaysian developer OSK Property- 5 acre block off kavangh st southbank. Free coffee and tidbits plus some American cheese sandwiches pretty posh opening. they're building some parklands integrated into the building with child care, Woolworths supermarket they have like 1000+ apartments which already 400+ sold. which is good for 1st week. interesting. I realize the agents like are in a different league the Savills CBREs, thing is Melbourne for what is offers has among the cheapest apartments in the world if you compare to Sydney, Singapore etc

    upload_2017-10-16_17-10-32.png

    upload_2017-10-16_17-8-20.png

    upload_2017-10-16_17-8-53.png

    upload_2017-10-16_17-9-17.png

    upload_2017-10-16_17-9-49.png

    upload_2017-10-16_17-10-58.png

    upload_2017-10-16_17-11-22.png

    upload_2017-10-16_17-11-54.png
     
    melbournian, 16th Oct, 2017
    #778
    Perthguy and Air_Bender like this.
  19. DowntownBlock

    DowntownBlock Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    483
    Location:
    Melbourne
    Wow - yep Geelong underrated for sure
     
    DowntownBlock, 22nd Oct, 2017
    #779
  20. melbournian

    melbournian Well-Known Member

    Joined:
    2nd Sep, 2015
    Posts:
    3,038
    Location:
    melbourne
    have to agree with you on this one :)
     
    melbournian, 22nd Oct, 2017
    #780
Page 39 of 52
Thread Status:
Not open for further replies.