NSW Whats wrong with Mt Druitt Now?

Discussion in 'Where to Buy' started by hash_investor, 4th Jan, 2016.

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  1. hash_investor

    hash_investor Well-Known Member

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    Mt Druitt. That is where all the apartments are.
     
    hash_investor, 9th Jan, 2016
    #41
  2. hash_investor

    hash_investor Well-Known Member

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    a work mate of mine has been saying that for last 5 years. And prices have been on a roller coaster since
     
    hash_investor, 9th Jan, 2016
    #42
  3. sash

    sash Well-Known Member

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    Question....how many properties do you have and how many cycles have you seen??
     
    sash, 9th Jan, 2016
    #43
  4. Tekoz

    Tekoz Well-Known Member

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    @Darlinghurst Boy yes it is still now in Doonside and Marrayong.
    Indian mostly in Parramatta, Westmead and Harris Park area.
     
    Tekoz, 9th Jan, 2016
    #44
  5. skater

    skater Well-Known Member

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    No! There are apartments in both Mt Druitt & Old Mt Druitt. There's not as many in Old Mt Druitt, but they are there, nonetheless.
     
    skater, 9th Jan, 2016
    #45
  6. RetireRich101

    RetireRich101 Well-Known Member

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    yawn........getting a bit lame isn't it sash?

    I am not interested in buying postage stamp block houses in outer melbourne sorry
     
    RetireRich101, 9th Jan, 2016
    #46
  7. Tekoz

    Tekoz Well-Known Member

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    @RetireRich101 what's outer melbourne got to do with Mt. Druitt ?
     
    Tekoz, 10th Jan, 2016
    #47
  8. hash_investor

    hash_investor Well-Known Member

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    You got me on that one.
     
    hash_investor, 10th Jan, 2016
    #48
    Tekoz and RetireRich101 like this.
  9. hash_investor

    hash_investor Well-Known Member

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    Are you talking about the buildings near the mt druitt market on Durham? I will never buy in there. If I ever invest in a unit in Mtt Druitt it will on hythe, meacher/methven st or carlisle av near the station.
     
    hash_investor, 10th Jan, 2016
    #49
  10. See Change

    See Change Well-Known Member

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    I've watched Mt Druitt for over 25 years ( and never bought once ...) but am open to the idea . Didn't buy in last cycle as we already had decent Sydney based holdings and didn't want to pay more land tax ...

    Sash maybe right re when the bottom is , but IMHO , I wouldn't buy at that stage as it will be a while before it moves . We've sold down in Sydney so have room to buy at some stage . Might be another potential down sizer , or maybe some potential medium term trades in Mt Druitt .

    Cliff
     
    See Change, 10th Jan, 2016
    #50
  11. sash

    sash Well-Known Member

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    I'm game for the Druie when the **** falls out of the market...it always does.....3 cycles prove this. It is your classic boom bust area.
     
    sash, 10th Jan, 2016
    #51
  12. DaveM

    DaveM Well-Known Member

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    I actively bought pre boom in western sydney and topped up at the peak and bought in other markets. I sold one property (strata) but held everything else and will till next cycle. Per sash's post above, if the prices fall significantly during this correction phase, I will be looking at buying in again.
     
    DaveM, 10th Jan, 2016
    #52
  13. dabbler

    dabbler Well-Known Member

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    dabbler, 10th Jan, 2016
    #53
  14. sash

    sash Well-Known Member

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    I am stalking you DaveM. :D..just had a B&P done on a house in Adelaide...some great buying there at the moment!
     
    sash, 10th Jan, 2016
    #54
  15. Yson

    Yson Well-Known Member

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    Ya, keen to buy in western if prices soften a bit, areas near Whalan
     
    Yson, 4th Mar, 2016
    #55
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