NSW When to buy in Sydney again

Schofields specifically mentioned here......

Riskiest suburbs to buy new units

 

That's mainly to do with otp apartment market @sash which has been discussed for a while...If property in epping dropped by 20 percent I will jump in!
The impact of nw rail is yet to be examed. From Cuddgeecon to Chatswood will only take 37min and you can get a two storey house in schofields for 800k, I see the value there but let's see how the train line pans out.

 

This weekend's preliminary results for Sydney are lower than last weekend's, much lower than same weekend last year, and lower than same weekend 2016 when prices were falling. Given the low response rate, the final clearances should be in the 50s which denotes price falls to come.
But do keep spruiking away...

 

Again back to a pretty decent auction clearance rate last week.. market seems to continue proving many people wrong?

 

You are about to Be screamed at by many people hide. Put a helmet on take a Blanket and run for shelter.

 

No point. The gullible will believe anything. Boom times are back, hooray!

 

Is the below a good investment:
2 bed unit in macquarie park , built in 1973 , rent yield about 3.7% at this stage.
++ close to city , shopping mall , university , hospital and lot of companies .All these will attract tenants

--- Too many new apartments coming up around macquarie park

 

on the auction results, how do they work out the % of success..
do they include withdrawals ??

 

I'll say yes if there's any chance it will be changed to high rise like others in the area have

 

Is it true that Schofileds is amoungts the suburbs where banks ask for 30% deposit ? I am looking to buy a property in Schofileds in coming months and will have to reconsider my plans if thats the case..

 

Quick way to test it..pick a H&L and go to the bank and see if they will finance ya?

 

I know a friend who recently got his construction loan(PPOR) approved with 10% deposit from ANZ . i

 

I havent heard anything of that sort. Also, I feel close to the macquarie center there are still lot of old units which may attract the builders than the unit I am after . This is like 15mins walk to macquarie center..