NSW Who wished they purchased in Sydney

Discussion in 'Where to Buy' started by MTR, 24th Jul, 2015.

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  1. MTR

    MTR Well-Known Member

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    With median at $1,000,000, the predictions by some originally on SS have come true. You little ripper:)

    What I wish - well I wish I purchased more than one property in Sydney, it has more than doubled and continuing to rise. Another 2-3 would have been pretty damn amazing.

    Good luck to those who got their toe wet in the Sydney market in the early stages and went hard, I think it may just be a tad too late now.

    Who would have thought, certainly I was spectacle that median would reach $1M:)

    Noice

    MTR:)
     
    Last edited: 24th Jul, 2015
    MTR, 24th Jul, 2015
    #1
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  2. D.T.

    D.T. Specialist Property Manager Business Member

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    Can't change the past.
     
    D.T., 24th Jul, 2015
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  3. Dan Donoghue

    Dan Donoghue Well-Known Member

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    I bought my PPOR in Syd in 2006, I often think "Jeez I wish I had bought two" but the reality is I didn't have any capital behind me (100% home loan) so no matter what predictions I could have used I would never have been able to get a second one. I have had massive growth off the PPOR which gives me equity to buy IP1 in the near future. It's a double edged sword, I would have liked an IP that did this growth but I needed this growth on my PPOR before I could get an IP :)
     
    Dan Donoghue, 24th Jul, 2015
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  4. jaybean

    jaybean Well-Known Member

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    Can't change the past. The only ones making a mistake are the ones sulking over it. If you sit there thinking oh I missed my chance poor me, then you have truly lost out. If you've said dammit let's see what else is out there interstate while I wait for the next Sydney cycle then you have only gained from this.
     
    jaybean, 24th Jul, 2015
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  5. OC1

    OC1 Well-Known Member

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    As @dt has alluded to, focussing on the present will yield better results than living in the past.
     
    OC1, 24th Jul, 2015
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  6. Pistonbroke

    Pistonbroke Well-Known Member

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    I have only dreams of what I want in the future and memories of what I have done in the past.
     
    Pistonbroke, 24th Jul, 2015
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  7. HUGH72

    HUGH72 Well-Known Member

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    Yep, no point looking back though. There's still plenty of opportunities around. I feel the same about 2003, should have bought a couple more.
     
    HUGH72, 24th Jul, 2015
    #7
  8. Tonibell

    Tonibell Well-Known Member

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    Definitely have some "coulda"s from Sydney 2012/3 - we looked at so many but only got one extra before moving our thoughts to Queensland.

    The US properties are a similar story for us - could see the value from all angles but felt the only choice was to swim with the sharks. So left it - I'm sure it is an outcome that beats Sydney.
     
    Last edited: 24th Jul, 2015
    Tonibell, 24th Jul, 2015
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  9. KDP

    KDP Well-Known Member

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    Who's to say Brisbane won't have just as much growth now?
     
    KDP, 24th Jul, 2015
    #9
  10. Pistonbroke

    Pistonbroke Well-Known Member

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    Even without cg you'd have made a killing.

     
    Pistonbroke, 24th Jul, 2015
    #10
  11. Sackie

    Sackie Well-Known Member

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    Me no regret. Purchased over 3mil of property/sites in Syd over the last 4 years :D:D Was following the state cycles and made an educated punt that when we bought, Syd was bottomed out and gonna make its move. It happened like clockwork. Kinda felt like you knew what the roulette number was gonna be before the ball landed :cool: You never really know when the 'boom' is gonna happen. All you can do is look at all the research, numbers etc and then make 'educated speculation.' We've done the same thing with Brisbane over the last 18 months. So hopefully in 12-24 months from now our 'educated speculation' will pay off big.

    But as Dave and Oc1 said, cant live in the past, gotta look to the future. I would add though, its important to learn from the past. Some of my best deals in property have come from analysing past decisions so I can improve on future decisions.
     
    Last edited: 24th Jul, 2015
    Sackie, 24th Jul, 2015
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  12. Northy85

    Northy85 Well-Known Member

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    Sydney was a case of needing money to make money for me and I didn't have the capital to invest in anything I was comfortable with.
     
    Northy85, 24th Jul, 2015
    #12
  13. HUGH72

    HUGH72 Well-Known Member

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    I hope it does but logically I just can't see it. There is the pressure of 4.5 million people in Sydney crammed between the Blue Mountains and the sea. Sure there are about 3.1 million people in SEQ but the sprawl can potentially continue further west towards the foot of the Toowoomba range, south and north. Good growth is likely as prices have been depressed but crazy town is unlikely IMO.
     
    HUGH72, 24th Jul, 2015
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  14. KDP

    KDP Well-Known Member

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    There's also all those Mexican investors.
     
    KDP, 24th Jul, 2015
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  15. Sackie

    Sackie Well-Known Member

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    KDP is really Donald Trump :D
     
    Sackie, 24th Jul, 2015
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  16. jaybean

    jaybean Well-Known Member

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    Stock type is important to consider too. In Sydney you have high rises everywhere outside the CBD but you don't see this in Brisbane. It's still very much a house and land culture when it comes to the suburbs. In fact some of the very first suburban high rises are starting to pop up in areas like upper mt gravatt and coorparoo and it's still a bit of a foreign concept to locals. So yes there is more land and less people, but I'm guessing the house to population ratio isn't bad as you would think.
     
    jaybean, 24th Jul, 2015
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  17. HUGH72

    HUGH72 Well-Known Member

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    That's what everyone is banking on and maybe a few more locals to awake from their slumber
     
    HUGH72, 24th Jul, 2015
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  18. See Change

    See Change Well-Known Member

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    May not be logical , but then we're talking about humans ...

    https://propertychat.com.au/communi...lets-hype-sydney-thread.73/page-13#post-27059

    Cliff
     
    See Change, 24th Jul, 2015
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  19. KDP

    KDP Well-Known Member

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    KDP, 24th Jul, 2015
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  20. jaybean

    jaybean Well-Known Member

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    I guess the difference might be:

    Supported my fundamentals - sustainable growth, less likely to see sharp corrections. Less stress long term.

    Not supported by fundamentals - should have a plan in place to cash in once you've made your money.

    But I could be wrong. You've been watching the market longer than most of us, what do you think?
     
    jaybean, 24th Jul, 2015
    #20
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