where would you buy in sydney sub $500k?

Viewing 6 posts - 1 through 6 (of 6 total)

alpina
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@alpina
Join Date: 2003
Post Count: 46
April 10, 2004 - 7:12 am
Hypotetical question
If you were one of the lucky first home buyers entitled to the fhog and stamp duty concessions where would you buy in sydney sub $500k? would you buy an apartment or a house? would you look for capital gain potential or big house on big block of land? eg, perhaps a reno with capital gains potential in the inner west or a brand new spanker in the west with nothing to spend.
I know it would depend on your personal circumstances and i guess family size and all the rest, but I’m assuming we are talking about a young couple here, perhaps with no children or 1 child under 5yo at best.
Will be interested to hear the forums thoughts.
Cheers,
Julie
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@piadmin
Join Date: 2013
Post Count: 3,225
April 10, 2004 - 7:24 am
Well Alpina, there is no doubt in my mind about it that the better dollar value is an existing house.
Pisces
Salubrious
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@salubrious
Join Date: 2004
Post Count: 252
April 10, 2004 - 9:13 am
Get some acres at Kurrajong Heights before the motorway goes in.
“Dont be looking in your back yard for a four leaf clover when the opportunity of a lifetime could be knocking on your front door….”
FFComm
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@ffcomm
Join Date: 2004
Post Count: 627
April 10, 2004 - 1:45 pm
Well think of this way – it applies to homes under $400K and where can you get those in Syd??? No where.
But what about other types of housing?? Like units??? And who are Bob Carrs largest donators (to the state labour party)?? Why unit developers are… Fancy that – Now that is a surprise! And such a coincidence too!!
Or perhaps not…. Perhaps Bob Carr knows that unit prices will fall, but by keeping at the sub $400K level he ensures that when developers release new units they now have a new market, who now can afford to buy this type (and only this type) of housing…
Somehow I think it is the 2nd. We really should give him more credit, now only if he had the interest of NSW ahead of his own political ambitions….
Rgds.
Lucifer_au
MiniMogul
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@minimogul
Join Date: 2002
Post Count: 1,414
April 10, 2004 - 2:36 pm
Marrickville. It’s in the top 10 most popular suburbs for Gen-Xers (double income no kids, but even when we have kids, we still want to live amongst the action) and the *only* one where the median price was under 500K. This courtesy of a sunday paper pull out a couple of weeks ago.
hate the place myself, but also see that it’s an ‘area in transition’.
Possibly Erko too i.e. Erskineville, maybe, not sure about under 500 though.
“a reno with capital gains potential in”…
yep I would say so. But then I’m a bit on the fence with ‘new’ on the whole.
I think federation outside tastefully opened up and add some ‘light’ inside, bit of an indoor-outdoor flow to the ‘outdoor room’ hehe, and you can’t go wrong. People just lap that shiznit up. love the Jamie Durie book, So very Sydney
Terryw
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@terryw
Join Date: 2001
Post Count: 16,213
April 13, 2004 - 1:49 am
There is still plenty of cheap stuff around in Sydney. You can get units in Campbelltown for $150,000.
Terryw
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North Sydney
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