Why You Would Not Buy in Sydney Now?

Discussion in 'Where to Buy' started by MTR, 18th Aug, 2017.

Join Australia's most dynamic and respected property investment community
  1. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,784
    Location:
    My World
    Returns for one???
     
  2. Ouchmyknees

    Ouchmyknees Well-Known Member

    Joined:
    30th Aug, 2016
    Posts:
    348
    Location:
    VIC
    Affordability.
     
    KayTea likes this.
  3. Biz

    Biz Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,517
    Location:
    Investard county
    Seen what happens from here before. Even if we see another 5-10% growth when there is a pull back it will be more in the order of 10-20% decline

    Scared of crap yields.

    Rates will only go higher from here.

    I'm more into buy and hold and would be holding for minimum of 5 years. 5 years worth of wear and tear for no return and it would be negatively geared anyway.

    Market has been booming for 5 years, how much longer can it really go?
     
    MikeyBallarat likes this.
  4. DaveM

    DaveM Well-Known Member

    Joined:
    14th Jun, 2015
    Posts:
    3,761
    Location:
    Adelaide & Sydney
    Nobody seems to make good coffee
     
    Kevvy7, Gladys, pwnitat0r and 3 others like this.
  5. Steven Ryan

    Steven Ryan Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,656
    I would, if I had deep enough pockets AND the right deal came up AND I was ok with waiting through til the next growth cycle AND I didn't feel I could get a greater return elsewhere.

    There's a lot of walkup apartment/houses flanking train stations along the Bankstown Line that I'd love to snap up ahead of rezoning.

    But doesn't make sense at this stage for me. Holding costs, minimal growth prospects for some time, better returns elsewhere etc.
     
  6. Biz

    Biz Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,517
    Location:
    Investard county
    Come on man, didn't the barista do the little love heart in the froth for you last time you where here or something?
     
    DaveM likes this.
  7. Eric Wu

    Eric Wu Well-Known Member Business Member

    Joined:
    8th Oct, 2016
    Posts:
    1,603
    Location:
    Australia
    If I have massive cash, not want to actively investing in other assets, am a passive investor, not concern much about rental yield. I will then buy a blue chip property in Eastern suburb or North Shore.

    for us investors wanting to invest well and create wealth, we are using the property cycles to shorten the time we need to spend to create wealth.

    and what we are trying to do is to find a growing market, buy into it while it still has reasonable rental yield ( to help with cash flow), and ride with the wave.

    by following this approach we could create lots more wealth in a few markets ( Sydney, Melbourn, Brisbane, Adelaide, Perth.....) in a relatively shorter period of time, then only buy-wait into one market ( aka Sydney)
     
    Lions4Eva, New2prop and Marg4000 like this.
  8. DaveM

    DaveM Well-Known Member

    Joined:
    14th Jun, 2015
    Posts:
    3,761
    Location:
    Adelaide & Sydney
    I only drink KFC coffee, with a dash of zinger
     
  9. sash

    sash Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    15,604
    Location:
    Sydney
    Now is the time to buy in Sydney for all the right reasons....the Druie has gentrified......Blacktown is rivaling Newtown for greenies.....wealthy immigrants ...are buying on Boxhill at $1800/sqm of land...rivalling Point Piper ....need I say more....;)
     
    MTR likes this.
  10. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,784
    Location:
    My World
    Melb, always good
     
  11. EN710

    EN710 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    3,218
    Location:
    Melburn
    You're not going to the right place.....
     
  12. DaveM

    DaveM Well-Known Member

    Joined:
    14th Jun, 2015
    Posts:
    3,761
    Location:
    Adelaide & Sydney
    Lived in Sydney for 17 years, and can prob count on one hand teh number of truly great coffees I have had from the myriad of places.

    Melbourne and Adelaide seems to have a greater hit rate, once you discount the huge market share that Lavazza and Vittoria have
     
    ollidrac nosaj likes this.
  13. ollidrac nosaj

    ollidrac nosaj Well-Known Member

    Joined:
    27th Apr, 2016
    Posts:
    1,480
    Location:
    australia
    Ouchmyknees and Poppy like this.
  14. DaveM

    DaveM Well-Known Member

    Joined:
    14th Jun, 2015
    Posts:
    3,761
    Location:
    Adelaide & Sydney
    House prices are directly related to the number of beards and man buns per square km
     
  15. Ouchmyknees

    Ouchmyknees Well-Known Member

    Joined:
    30th Aug, 2016
    Posts:
    348
    Location:
    VIC
    The author of the article is the owner of Village Real Estate which mainly operate in Seddon/Yarraville/Footscray/Newport, so I think he is a bit biased.

    I bought my PPOR from them, I'm very biased too. Footscray/Yarraville/Seddon are awesome. Great coffee, beautiful streets.
     
    ollidrac nosaj likes this.
  16. Steven Ryan

    Steven Ryan Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,656
    They were all $1 cups at 7-Eleven, right?
     
    DaveM and ollidrac nosaj like this.
  17. KinG3o0o

    KinG3o0o Well-Known Member

    Joined:
    17th Jul, 2017
    Posts:
    1,074
    Location:
    Sydney
    not buying residential cause its so low in return.. but commercial on the other hand. !
     
    DaveM and Scott No Mates like this.
  18. Cimbom

    Cimbom Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,568
    Location:
    Back in Canberra!
    Ridiculously overpriced. It is a massive land area that is being hyped up by the good qualities of a small proportion of the city
     
    MikeyBallarat likes this.
  19. jins13

    jins13 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    2,357
    Location:
    Sydney
    Ransom prices for the M4 and bumper to bumper traffic. If I was to move to any other states or territories in Australia, it'll be an indirect pay increase.
     
    MikeyBallarat and skater like this.
  20. eletronic_exp0430

    eletronic_exp0430 Well-Known Member

    Joined:
    26th May, 2017
    Posts:
    1,244
    Location:
    Sydney
    TBH I love the M4 now. Its so good when I was on it yesterday. You really got to ask yourself is it worth saving $4.50 to be stuck on parra road for 1.5 - 2 hrs? I'm quite sure your petrol cost would be getting close to that amount not to mention your time which is invaluable.