When will Sydney property market going to crash ?

Discussion in 'Property Market Economics' started by Tekoz, 20th Sep, 2016.

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  1. Perthguy

    Perthguy Well-Known Member

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    Perth was a very unique deal. Forced sale of a duplex potential block with a house that has potential to add a lot of value immediately. It's basically a too hard to resist purchase. At a guess we will be adding $50k value in around 6 months. Then hold a positively geared property until it is time to demo and build 2. I can't see a downside unless the valuation comes in drastically low.

    Sydney is very different to Perth. Perth prices get lower every week!
     
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  2. Perthguy

    Perthguy Well-Known Member

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    Forgot to add that next purchases are Brisbane and Adelaide. I am way overexposed to the Perth market right now.
     
  3. larrylarry

    larrylarry Well-Known Member

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    Yes. Looking at Adelaide too. Where's the gun that I can pull the trigger on?
     
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  4. See Change

    See Change Well-Known Member

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    That's exactly the reason why we sell some properties when the we think the market is close to a peak . We have sold three properties in sydney in the last year , while buying in Brisbane . I expect to buy one in sydney in the next slump which will be a future downsizer , the one after the current one we live in which we bought in 2013

    Pay down debt , pay down LOC and have money available when the market is really crap , because at that point cash is king .

    To be honest , I can't be bothered running the numbers to see if it works out better doing it that way , but in terms of being less exposed , lower risk and being able to sleep at night , it wins hands down for me .

    Cliff
     
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  5. Tekoz

    Tekoz Well-Known Member

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    From memory Guest is living in Adelaide :cool:.
     
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  6. Tekoz

    Tekoz Well-Known Member

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    Hm.. that does make sense Cliff.
    It is too expensive now for Sydney property within 30 KM of Sydney CBD.
     
  7. hammer

    hammer Well-Known Member

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    This sounds like a sensible plan no matter what!
     
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  8. Perthguy

    Perthguy Well-Known Member

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    How's that crash going @Leo2413? Tick tock... ;) :) :D
     
  9. Sackie

    Sackie Well-Known Member

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    The Cash is going good ;)
     
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  10. sash

    sash Well-Known Member

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    lots of people laughed at him when he bought in Parkridge in Logan.....now he has had the last laugh.

    Any thing can happen......


     
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  11. Sackie

    Sackie Well-Known Member

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    @Perthguy @sash
    um...i never bought in parkridge...
     
  12. sash

    sash Well-Known Member

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    I was referring to Tekoz........also watch Sydney...some interesting things happening in the market there....the slow down is coming....OTP fallovers and some distressed sales are coming though...
     
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  13. Sackie

    Sackie Well-Known Member

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    Agrew OTP is gonna be a bugger for quite a few ppl.
     
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  14. sash

    sash Well-Known Member

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    Already a bugger....know one case 1brm in Meadowbank bought for 650k...vales coming in at 550k....another in North Ryde bought for 900k for 2brm....vals coming back at 750k.....interesting. This will eventually flow through to the entire housing market as people panic in Sydney.

    The other one...is people destroying the wealth in some parts of Sydney/Central Coast/Wollogong by selling now. I feel that next cycle some suburbs in Sydney will do well based on the transport infrastructure going...also Central Coast/Wollongong will go to the next step as baby boomers move out of Sydney in droves over the next 10 years.

    I see some people on her sell their holdings. For example 1 particular troll has sold quite a few properties and thinks that is the best thing to do. Selling for 200k is ok...but selling something with a 500k profit...wtf?
     
  15. Sackie

    Sackie Well-Known Member

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    Yeah those buys were very silly, not surprised they got hit with a dose of valuation reality. The people who got caught up in buying at ridiculous prices too late in the boom will be hit hardest.
     
  16. hammer

    hammer Well-Known Member

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    This is exactly how it played out up here 4 years ago.

    Did not end well....
     
  17. Sackie

    Sackie Well-Known Member

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    Some ppl in for a hammering. :D
     
  18. RetireRich101

    RetireRich101 Well-Known Member

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    Don't de hype Sydney yet, the little troll still have sell out of Sydney for 500k profit. I sold one last year, made 200k profit.

    But promise me and don't tell anyone yet until I sold my Sydney properties :p
     
  19. eletronic_exp0430

    eletronic_exp0430 Well-Known Member

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    Just going by the moving averages of each of the suburbs in Sydney I have investments I'm still making a killing each month. :)
     
  20. Lacrim

    Lacrim Well-Known Member

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