NSW Who wished they purchased in Sydney

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

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  1. Northy85

    Northy85 Well-Known Member

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    I agree it won't go bananas but will be a slow burn with ok growth for a longer period. For me that is much better anyway, as I'm young and can keep on buying every year or 2 with out worrying about where to park a massive bit of equity in one hit.
     
    Northy85, 25th Jul, 2015
    #61
  2. beachgurl

    beachgurl Well-Known Member

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    There are still a lot of PPR purchasers looking to buy, so while demand could drop from investors, O/Os are still prepared to buy at current prices.
     
    beachgurl, 25th Jul, 2015
    #62
    Eric Wu likes this.
  3. Shadow

    Shadow Well-Known Member

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    APRA's actions make it easier for the RBA to cut rates again. The RBA will cut, and investors won't be paying any more than they were before, while for owner-occupiers it will get much easier.
     
    Shadow, 25th Jul, 2015
    #63
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  4. Property Twins

    Property Twins Mortgage Brokers & Buyers Agents Business Member

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    @monalisa and I bought 2 early/mid 2013, one in Mounty County (Mount Druitt) and the other in Kingswood, both 50% growth.:)

    And a development site in Mount Druitt in August 2013, grown 65% in less than 2 years.
     
    Property Twins, 25th Jul, 2015
    #64
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  5. MTR

    MTR Well-Known Member

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    Your right, however investors are going to find it harder to source finance which is what is currently happening.

    MTR:)
     
    MTR, 25th Jul, 2015
    #65
  6. MTR

    MTR Well-Known Member

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    So not all credit cards are bad:eek:
     
    MTR, 25th Jul, 2015
    #66
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  7. JDP1

    JDP1 Well-Known Member

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    The rba will cut, and the banks may pass at least most of it on. if they don't pass it on, then they will be risking protecting their market share.
     
    JDP1, 25th Jul, 2015
    #67
  8. JDP1

    JDP1 Well-Known Member

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    I had no idea you can purchase real estate on plastic...I gotta figure out that trick...B-)
     
    JDP1, 25th Jul, 2015
    #68
  9. Property Twins

    Property Twins Mortgage Brokers & Buyers Agents Business Member

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    Haha yeh. A tad higher rate though. But that's minuscule when catching a rising market.
     
    Property Twins, 25th Jul, 2015
    #69
  10. DanW

    DanW Well-Known Member

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    Yeah its funny, but I actually heard of a guy in Adelaide that did this. Didn't let the deal get away :)
     
    DanW, 25th Jul, 2015
    #70
    Property Twins likes this.
  11. MTR

    MTR Well-Known Member

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    I have heard of this before, genius:)
     
    MTR, 25th Jul, 2015
    #71
  12. MTR

    MTR Well-Known Member

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    Yes I think you paid the interest on the credit card and some short change in your pocket.hehe
     
    MTR, 25th Jul, 2015
    #72
  13. Property Twins

    Property Twins Mortgage Brokers & Buyers Agents Business Member

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    Only interest :). Just transfer back the monthly payment back to the account :D
     
    Property Twins, 25th Jul, 2015
    #73
  14. Property Twins

    Property Twins Mortgage Brokers & Buyers Agents Business Member

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    Property Twins, 25th Jul, 2015
    #74
    JDP1, RetireRich101 and wombat777 like this.
  15. MTR

    MTR Well-Known Member

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    Thanks
    Nice numbers, that is what you call a boom:)
     
    MTR, 25th Jul, 2015
    #75
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  16. devank

    devank Well-Known Member

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    Nicely said.
    You do what you can do with the information you have. No point in wasting your energy on regrets. Simply learn from that and move on.
     
    devank, 25th Jul, 2015
    #76
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  17. jaybean

    jaybean Well-Known Member

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    I agree, all these APRA changes are designed to pave the way for more rate cuts. It's all carefully considered. They don't just meet each month and decide on the spot, I bet they have many scenarios, plans, and overall road maps already laid out and these changes play a role in all of these options. Also I believe the majority of activity you'll see in Brisbane will be first home buyers and people buying their PPOR. I think the dynamics / drivers will be slightly different from what we've seen in Sydney.
     
    jaybean, 25th Jul, 2015
    #77
  18. Steven Ryan

    Steven Ryan Well-Known Member

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    Anyone own houses in any of these suburbs?

    I remember getting a call from a friend about a year and a half ago, asking where I'd buy with his budget. I suggested an entry level house in Marrickville.

    He didn't buy though (I think cashflow was the reason).

    I would look like a prophet were it nor for the fact that 30 other suburbs did just as well.
     
    Steven Ryan, 25th Jul, 2015
    #78
    MTR likes this.
  19. MTR

    MTR Well-Known Member

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    Psychic:)

    These stats are for 2015, 6/12 month period.
    Would be great to view stats for Syd areas on growth from 2013-2015, as a way of comparing pockets. I think Syd Western suburbs were the first to move.

    MTR:)
     
    MTR, 25th Jul, 2015
    #79
  20. RetireRich101

    RetireRich101 Well-Known Member

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    Maybe another question to ask, are there any Sydney suburbs that didn't achieve a 50% increase in the last 2 years?
     
    RetireRich101, 25th Jul, 2015
    #80
    MTR likes this.
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