NSW Who wished they purchased in Sydney

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

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  1. jaybean

    jaybean Well-Known Member

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    I suggested that to him once, he said wait until he's finished buying:)
     
    jaybean, 24th Jul, 2015
    #21
  2. Sackie

    Sackie Well-Known Member

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    Very good point and I agree. I'm very big on investing in what the overwhelming demographic is and want for any area. Really important imo.
     
    Sackie, 24th Jul, 2015
    #22
    Eric Wu likes this.
  3. See Change

    See Change Well-Known Member

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    Haven't finished buying yet :eek:

    Cliff
     
    See Change, 24th Jul, 2015
    #23
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  4. HUGH72

    HUGH72 Well-Known Member

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    HUGH72, 24th Jul, 2015
    #24
  5. KDP

    KDP Well-Known Member

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    Me neither, give us a couple more months.
     
    KDP, 24th Jul, 2015
    #25
  6. See Change

    See Change Well-Known Member

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    Jaybean

    The main time I look at fundamentals is in looking at where I'm buying . For example after Brisbane boomed in last cycle we looked at all the major coastal towns in q'land and decided to buy in rocky and Townsville as they had more diversified economies . Didn't buy in Mackay , Gladstone and cairns . I know people who did well investing in all of those , but there were some poeple who got badly burnt in Gladstone when their timing was out and they had cash flow issues .

    Cliff
     
    See Change, 24th Jul, 2015
    #26
  7. See Change

    See Change Well-Known Member

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    Those factors may help a bit , along with any other fundamental insights such as rezoning , gentrification etc but the majority of the gain for most of us comes for the market moving as a whole .

    Cliff
     
    See Change, 24th Jul, 2015
    #27
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  8. Chilliblue

    Chilliblue Well-Known Member

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    Agree with not looking to the past.
     
    Chilliblue, 24th Jul, 2015
    #28
  9. Sackie

    Sackie Well-Known Member

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    Agree @See Change. For me, a lot of my gain has also been from being able to add value. That's really been a biggie for me. I wont buy anything really unless it has scope to add decent value and manufacture equity. Its just part of my strategy.
     
    Sackie, 24th Jul, 2015
    #29
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  10. Sackie

    Sackie Well-Known Member

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    Unfortunately, ppl are still buying. I wont mention who or which one, but even last year, a 'well known' QPIA who advertises in one of the property mags was trying to flog units in Gladstone as great investments to investors. I know this first hand from a reliable source.
     
    Sackie, 24th Jul, 2015
    #30
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  11. Steven Ryan

    Steven Ryan Well-Known Member

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    If I'd have known more about how investing worked a bit earlier I could have loaded up on more, and earlier but I busted my backside and lived extremely frugally to buy as quick–and as much–as I could once I knew how to invest.

    I'm glad I passed up buying in Brisbane to focus on Sydney, too. I ought to get another $250k out of my Sydney stuff before it flatlines.

    My Bris one ought to grab the growth baton from there.

    Should be a good ride for the next couple of years.
     
    Steven Ryan, 24th Jul, 2015
    #31
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  12. JDP1

    JDP1 Well-Known Member

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    Yeah agree ..I bought in brisbane a few yrs back instead of Sydney.It might take another 7-10 years of growth to post what Sydney has done in 3 yrs...But it'll get there. Just need to hang on and be patient and enjoy the continued success of the maroons vs the blues in the meantime ...
     
    JDP1, 24th Jul, 2015
    #32
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  13. Beelzebub

    Beelzebub Well-Known Member

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    I think everyone wished they purchased in Sydney. If I had 20-20 hindsight I could probably be a billionaire.
     
    Beelzebub, 24th Jul, 2015
    #33
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  14. See Change

    See Change Well-Known Member

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    Maybe the blues winning consistently will be the trigger for Brisbane to take off property wise , but I hope not . If that is the case , we might be waiting for a long long time .....
     
    See Change, 24th Jul, 2015
    #34
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  15. HUGH72

    HUGH72 Well-Known Member

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    Halley's Comet was last seen in 86, not due again till 2061.
     
    HUGH72, 24th Jul, 2015
    #35
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  16. See Change

    See Change Well-Known Member

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    And even Longer till the next century starts ....
     
    See Change, 24th Jul, 2015
    #36
  17. Gockie

    Gockie Life is good ☺️ Premium Member

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    I am totally happy with all my Sydney properties and rightly or wrongly did what I could with the amounts I was told I could borrow. Now I have over $2mill of property there. Yikes. I cant believe it. No regrets.
     
    Gockie, 24th Jul, 2015
    #37
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  18. Tonibell

    Tonibell Well-Known Member

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    Is that a studio apartment in Newtown ?
     
    Tonibell, 24th Jul, 2015
    #38
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  19. Gockie

    Gockie Life is good ☺️ Premium Member

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    Hahaha 2 units, a townhouse and a part ownership of a house. 2mill+ sounds impressive but in reality it doesn't get you too much in Sydney....
     
    Last edited: 24th Jul, 2015
    Gockie, 24th Jul, 2015
    #39
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  20. MTR

    MTR Well-Known Member

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    Absolutely, and perhaps some have already made double digit profits, good luck to them.

    MTR:)
     
    MTR, 24th Jul, 2015
    #40
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