Will units in western sydney go up again??

Discussion in 'Property Market Economics' started by samiam, 7th Jun, 2021.

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  1. samiam

    samiam Well-Known Member

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    on my way
    Well we made several financial mistakes which cost us hundreds of thousands (if not million) of opportunity cost :oops: And yes apartment in western sydney was one of them
    But hey we refinanced at peak, debt recycled into brisbane :cool: currently positively geared.
    At peak, it would have been 570k. Now 480k at best but needs few thousands touching up.
    Current tenants are leaving the unit in 4 weeks (leaving greasy kitchen and dirty bathrooms) so we are seriously considering of selling it.
    House prices are crazy atm, will unit prices follow? anyone got a crystal ball?
     

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    samiam, 7th Jun, 2021
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  2. ndpjai

    ndpjai Well-Known Member

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    Sure the gap between units vs houses is around 50%, which will be fixed in due course say in 12-18 months IMO once buyers find cannot buy houses lets move to units/townhouses
     
    ndpjai, 7th Jun, 2021
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  3. Gockie

    Gockie Life is good ☺️ Premium Member

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    Can’t predict a big boom for it, sorry. Loads of units around.
     
    Gockie, 7th Jun, 2021
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  4. Sackie

    Sackie Well-Known Member

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    Have to agree. Perhaps slowly chug along, but I really don't see big movement in unit prices there for awhile. It's really a housing market area.

    But anything is possible . Just unlikely.
     
    Sackie, 7th Jun, 2021
    #4
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