NSW When to buy in Sydney again

What is greed? Living in a large empty nest or sharing the place a little?
The way I see it, this isn't too different to a granny flat setup.

 

I guess the difference is in all previous generations it was the grandparents in the granny flat!

 

From Charles Touma weekend review. (Very good weekly email btw for near city areas).

"In spite of this recent softening, SQM are predicting that the Sydney market will increase between 4 and 8% next year, as long as interest rates remain relatively stable."

 

Greed is in the eye of the beholder .. but of a pointless discussion .

Obviously someone has a bee under their bonnet , or maybe they just don’t have a place in Sydney and think they’re entitled to ...

Cliff

 

Wow I have seen this one piece of research which is the only one I have seen predicting price growth in Sydney on about 4 different threads..

So now Sydney is at -3% it needs to have a big turnaround like +11% in next 6 months to hit this target... tell em they're dreamin

 

Indeed sir!

 

How are the letter box drops going? I will be very interested to see what responses you are getting, and how they change over time also.

Cheers

 

Greed is bad, ambition is good

 

Lol

 

what a rascal

 

One of the most astute comments on here I reckon.

@wannabe how many yrs will you wait for a bargain?? Getting cheaper by the day now..

 

Following the trend is not necessarily going to get you what you want. In a downturn that's when the opportunities are. When every man and his dog sees market shift you will still make money but you are late to the party.

Some of my greatest purchases were in major downturns.

You need to do your own research and exercise opportunities when they present themselves.

You have to remember even on this forum there are plenty of keyboard warriors with little results.
Being on this forum does not make the advice you get necessarily good.

Lastly people here have vested interests as well . Some want to get into the market some want to grow portfolio and will give you advice on how it suits them.

 

You missed an important one - recognising when a signficant turn in the market has occurred.

We now have 6 months of prices going down in Sydney overall -2.4% and more in particular pockets . . . Now with peak supply coming online in next 6-12 months in Sydney it looks like Sydney will have first year of negative -5 or -10%.

I feel for the ppl who have bought in last year or two at silly prices and will have their deposit equity wiped out. Most on here think this is a sensible correction but we just don't know how ppl will react to the negative data.

I'm looking elsewhere for IP's.

 

Are you selling off your Sydney stock now to re-invest now that you have identified this significant turn? Or just hold and know that prices will not drop below when you bought?

 

holding a 2 bedder in Glebe but this is PPOR and actually looking to upgrade in next year or two.

So I guess holding (in a small way), but it's also PPOR.

I have sold my Sydney IP's.

 

I didn't miss the point.

You are assuming Sydney will drop 10%.
In what markets in Sydney?

If you loose 10% but attain a Valuable 900sqm corner block with amazing future potential did you loose? or is the fear in people a great time to secure a site which in 5 years you will not be able to?


Like I said if you think Sydney will universally drop 10% I don't think you are right. Yeah sure OTP in Alexandria, Zetland, Pagewood ....I can go on yeah you will loose. In a rising market time just fixed the fact you over paid.

To be honest I cant be bothered.

Sell run buy in in Brisbane or Geelong.

 

Dude - Sydney has already dropped 10% in many suburbs.

the question for many of the sensible investors on here is how much further it will drop.

I know you bought recently in western Sydney... so if you bought a 20% discount to MV corner block.. happy days, i don't think that value has been in Sydney for a while though.

 

Saw this the other day, saying that with CPI inflation dropping and still outpacing wage growth, we may even see a rate drop. If this happens, we could see a boost to property values next year.

 

Futures market with billions of dollars at stake is pricing in a 85% chance of 2 rate hikes by end of next year.

 

If your single advice is to buy in a rising market you don't know enough about property investment to advise others.

Same with stocks. Any idiot can make money when asx is rallying. Good investors make money in all markets.

So you are going to sit in PC chat and bash Sydney for the next 4 years.