Hi,
Being new to this site and having just purchased an investment unit in Pymble, I was just interested in everyone's opinions on this area. We bought the 2 bed unit + DLUG unit for 420k, around 125sqm total in size. I'm currently living around Epping and having seen the tremendous price rises over the last 1.5yrs, we thought a stagnant North Shore market made more sense to get into as its got good transport links, shopping centres in Hornsby and Chatswood and great schools in the area.
syang
Hello
I think you are very smart when you consider a new one bedder there is selling for over 500K
Why in gods earth people are buying new properties in this market and struggling to make 3% is beyond me.
All the old books before the boom said buy second hand properties.
A friend of mine in QLD just bought a 2 year old house in Coomera walk to bus and shops for $80,000.00 less marketing companies are selling in the same area.
If you are buying property from a "Mortgage Broker" you are an absolute idiot of the greatest order IMHO …
Buy in old established areas on train lines into CBDs just like Mr Yang has done … I also like West Pymble and old knock downs in St Ives for easy cash.
D
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