NSW What's my final sale price Eastwood NSW?

I figured the Brisbane ones were a let down and this one is interesting... quoted at 780-850k. Auction on the afternoon of 28th May.
Small land, old house....

14 Johnston Road Eastwood NSW 2122 14 Johnston Road Eastwood NSW 2122 - House for Sale #122562558 - realestate.com.au

 

My guess is 925k.
Its significantly higher than the guide price (small land and not near station either). But having said that, I think people may possibly push it well over the guide.

 

I saw this house via app this morning. Very small land in Eastwood. 910k.

 

for knock down and rebuild later… 900k

 

CNY 4.4mn

 

A very unlucky number!

 

860k. Even that looks a bit too much to me.

 

Yep!

 

Oh wow. Apparently last sold June 1984 for... $9,000! Is it missing a zero?
(Commbank App)

 

or zeros…

 

800k-900k for a lovely 2x1 asbestos filled cottage on 280sqm in a suburb 17km from cbd that, despite its positives, is hardly bondi or mosman or Paddington.

once rebuilt you're talking $1.5-2m depending on the house and still people don't think sydney is overpriced??

 

Just give us a guess... Feel free to even say something at about the 780k mark!

It is better than a unit or villa and villas can go for $1mill in Eastwood....

 

Im guessing $888k

@sanj thinking and reality are two different thing houses in my area are about 1.4m now and also 15-17km from city

 

I dont doubt what you're saying, what I'm saying is that it's bloody stupid. I mean seriously, $3000-3500/sqm for effectively land value in this part of town??

genuine question, who is the target demographic for the end product who would be happy to pay 2m or close to it for a home on a tiny block in Eastwood?

 

This is Eastwood. Overpriced is the norm.

 

If its still a hot market would say around $900K, if it had a larger component well into $1.2M


Keep us posted

 

Sanj
I think massively popular area with Chinese.

People lose their mind in booms, I am just not sure whether the area is still hot, not been watching lately.

The land component throws me a bit, though perhaps its a good entry point for those who can not afford the full block.

 

It's more than the land, it's the chinese community and primary school that buyers want to get into. Some will be ready to sacrifice space for proximity.

 

Who knows. It may fall into the 780-850k bracket due to distance to the station. Its effectively smack bang between Eastwood, Epping and Carlingford, but without being an easy walk to the town centres of any of them, which for me is a negative. But the land looks flat, shouldn't be hard to build on...
I have a Chinese colleague and he'd really like to buy in Carlingford because of the schools. But he thinks its very expensive. This is a very good alternative for anybody on a smaller budget.

 

That's all you need to drive price up