Wow Melbourne likely to out perform Sydney this Cycle

Discussion in 'Where to Buy' started by sash, 17th Sep, 2017.

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  1. Tranquilo

    Tranquilo Well-Known Member

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    Location:
    Mascot
    Bought 2012 PPOR Mascot 479k bank Val 839k
    Bought 2014 Geelong (Hamlyn Heights) 330k now 440k
    Bought 2015 Edens Landing 387,500 bank Val 465k
    Bought Ferny Hills, May 2017 522,500 did some cosmetic stuff I think now 540k

    Yay I'm a thousandaire lol
     
    Tranquilo, 18th Sep, 2017
    #21
    Becs, fols, Sackie and 5 others like this.
  2. sash

    sash Well-Known Member

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    Yep...that is why I went up market on Geelong...it is positively nuts...

    Nice work on yours...

     
    sash, 18th Sep, 2017
    #22
    melbournian likes this.
  3. sash

    sash Well-Known Member

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    There will me many more as ....Melbourne/Geelong is absolutely nuts.
     
    sash, 18th Sep, 2017
    #23
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  4. melbournian

    melbournian Well-Known Member

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    well there is are also other places where like one compares to Mexicans flocking over too. what a funny analogy which makes little to no sense. lol
     
    melbournian, 18th Sep, 2017
    #24
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  5. Chill2205

    Chill2205 Well-Known Member

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    Anyone who has got into the property game in this cycle are thinking, wow how easy is this! The next 2-3 years will reveal who actually did their numbers before their purchases.
     
    Chill2205, 18th Sep, 2017
    #25
    ej89 and ellejay like this.
  6. google boy

    google boy Well-Known Member

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    Location:
    melbourne
    came to australia 8 years ago in student visa from nepal with 2k travel cheque.

    bought in clayton off the plan townhouse in 2015 550k now worth of 820k-900k
    lalor bought in late 2016 585k now worth 760-800k
    atltona meadows bought in 2017 around 600k , now worth of 685-700k
     
    google boy, 18th Sep, 2017
    #26
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  7. Sackie

    Sackie Well-Known Member

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    Holy cow you're on fire! :cool:
     
    Sackie, 18th Sep, 2017
    #27
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  8. ellejay

    ellejay Well-Known Member

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    Not really, but have found my little niche that will keep delivering regardless of what the market is doing.
     
    ellejay, 18th Sep, 2017
    #28
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  9. private_number

    private_number Well-Known Member

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    Location:
    Melbourne
    Currently hunting in the Geelong region.

    Been bidding at Auctions and losing by 5k, sometimes even losing by 50k. Sometimes they get passed in, sometimes sell at reserve and sometimes being sold 150k over reserve. All of which mind you, are unreported in the auction results for domain/realestate.com.au
     
    private_number, 18th Sep, 2017
    #29
  10. TMNT

    TMNT Well-Known Member

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    If you dont mind me asking whats your strategy of buying so much land?
     
    TMNT, 18th Sep, 2017
    #30
  11. sash

    sash Well-Known Member

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    Buy it and build it cheap near or coming infrastructure.

    For example the Trillium purchase was on the back of Stockland development...the price differential even back then was 50k.....that did not make sense.....so the end value on my 301k product is now over 450k....and it rents for 365pw....this is positively geared...as I also fixed rates at 3.79%. I am about 2-3k positive plus depreciation.
     
    sash, 18th Sep, 2017
    #31
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  12. Cactus

    Cactus Well-Known Member

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    Writing off top of my head so could be some date and price mistakes, but to the best of my recollection here is 11 deals to over $1m in 2 years. Doesn't include a bunch of packaging I have done in that time that I never settled and doesn't include my townhouse subdivisions.

    1. 2015 Pakenham house and land $350k
    Worth $490k rented for $405pw

    2. 2015 Pakenham house and land $350k
    Worth $490k rented for $405pw

    3. 2015 Cranbourne North land $160k sold 2017 $230k

    4.2015 Cranbourne North land $160k sold 2017 $235k

    5. 2016 Pakenham house and land $315k
    Sold 2016 $430k

    6. 2016 Pakenham house and land $315k
    Worth $460k for sale right now

    7. 2016 beaconsfield house and land $415k
    Worth $600k just finishing for rent around $440pw

    8. 2017 Rockbank land $149k worth $205k not yet settled

    9. 2017 Rockbank land $163k worth $205k not yet settled

    10. 2017 delacombe land $138k prob hasn't moved

    11. 2017 Werribee land $175k prob worth $205k??
     
    Last edited: 20th Sep, 2017
    Cactus, 20th Sep, 2017
    #32
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  13. ashish1137

    ashish1137 Well-Known Member

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    You're the real slum lord. ;):p:D
     
    ashish1137, 20th Sep, 2017
    #33
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  14. aussie1

    aussie1 Active Member

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    @Cactus what Rockbank estates if you dont mind me asking?

    2015- Trugania house and land- purchase 420k -
    Est 500k

    2016 Laverton- 465k Purchase
    Est 590k

    2017- Deer Park- 445k Purchase
    Est 480k
     
    aussie1, 22nd Sep, 2017
    #34
  15. Cactus

    Cactus Well-Known Member

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    Melbourne
    Bridgefield estate.
     
    Cactus, 22nd Sep, 2017
    #35
  16. Cactus

    Cactus Well-Known Member

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    Just saw a new release puts this at $215k for the same product in the same estate not facing a wetland so could add another $10-15kfor the view being of a wetland rather than another house.
     
    Cactus, 22nd Sep, 2017
    #36
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  17. Cactus

    Cactus Well-Known Member

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    SOLD
     
    Cactus, 22nd Sep, 2017
    #37
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  18. sash

    sash Well-Known Member

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    noice.

    very curious how big was the land and house in sq.

    ya are killin it.....
     
    sash, 22nd Sep, 2017
    #38
    Cactus likes this.
  19. Cactus

    Cactus Well-Known Member

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    Location:
    Melbourne
    304m2 land and 172.48m2 home (18.57sq)

    10.5m frontage boundary to boundary garage and master bedroom and b2 then house steps in 1m both sides.

    Was on the market for 24 hours... prob could have got more if I was happy to wait but had immediate interest unconditional sale 30 day settlement. Price is more than I expected so not complaining.
     
    Cactus, 22nd Sep, 2017
    #39
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  20. Lacrim

    Lacrim Well-Known Member

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    What is the net profit after tax after buying and selling costs, holding costs etc?
     
    Lacrim, 22nd Sep, 2017
    #40
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