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Houses in my Western Sydney suburb seem to be dropping; Proof included ;)
Topic Started: 19 Apr 2012, 09:55 AM (4,429 Views)
CareBear
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Hi guys
I've been open to the idea of buying my first home for a couple of months now. I've been actively looking in some of the 'nicer' suburbs in Western Sydney during this time.

One thing I've noticed is just how long some of the houses are on the market!

For example, one of the first houses I looked at in February was a beautiful home in probably the best street/location in my preffered suburb. Was on the market for $700k. I like the house, but not quite what I am looking for.

While I've been looking at other places I've watched the advertised price go from 700k to 660k and is currently at 625k.

I did some research and the house last sold in 2007 for 680k....

Is this a sign of things to come?
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TED BULLPIT
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CareBear
19 Apr 2012, 09:55 AM
Hi guys
I've been open to the idea of buying my first home for a couple of months now. I've been actively looking in some of the 'nicer' suburbs in Western Sydney during this time.

One thing I've noticed is just how long some of the houses are on the market!

For example, one of the first houses I looked at in February was a beautiful home in probably the best street/location in my preffered suburb. Was on the market for $700k. I like the house, but not quite what I am looking for.

While I've been looking at other places I've watched the advertised price go from 700k to 660k and is currently at 625k.

I did some research and the house last sold in 2007 for 680k....

Is this a sign of things to come?
Welcome aboard CareBear , some clown on here tried to tell me a few days back that western sydney was not dropping , I told them it was next.
Western Sydney will be smashed , mortgage capital , you need to just sit back and watch it collapse , forget about buying now, there is no rush and never will be ;)
The longer you wait the better off you will be. Bet the bulls would not have entertained such an idea not long ago but now it is reality , nearly full time bulls. :lol
Edited by TED BULLPIT, 19 Apr 2012, 10:09 AM.
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Trojan
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CareBear
19 Apr 2012, 09:55 AM
Hi guys
I've been open to the idea of buying my first home for a couple of months now. I've been actively looking in some of the 'nicer' suburbs in Western Sydney during this time.

One thing I've noticed is just how long some of the houses are on the market!

For example, one of the first houses I looked at in February was a beautiful home in probably the best street/location in my preffered suburb. Was on the market for $700k. I like the house, but not quite what I am looking for.

While I've been looking at other places I've watched the advertised price go from 700k to 660k and is currently at 625k.

I did some research and the house last sold in 2007 for 680k....

Is this a sign of things to come?
Sounds like its description of what has happened :)
Edited by Trojan, 19 Apr 2012, 10:33 AM.
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
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Sweetdish
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TED BULLPIT
19 Apr 2012, 10:08 AM
Welcome aboard CareBear , some clown on here tried to tell me a few days back that western sydney was not dropping , I told them it was next.
Western Sydney will be smashed , mortgage capital , you need to just sit back and watch it collapse , forget about buying now, there is no rush and never will be ;)
The longer you wait the better off you will be. Bet the bulls would not have entertained such an idea not long ago but now it is reality , nearly full time bulls. :lol
Sounds about right.
A friend of mine bought in Leichardt a year ago for $700K.
His house is now worth about $650K going by the neighbours sales.

Remember that these inner West suburbs had some pretty strong capital gains over the past few years and it may just be a case of it coming down a bit of the top to stabilise. And it may very well be a good time to buy with some bargains floating around.

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TED BULLPIT
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Trojan
19 Apr 2012, 10:32 AM
CareBear
19 Apr 2012, 09:55 AM
Hi guys
I've been open to the idea of buying my first home for a couple of months now. I've been actively looking in some of the 'nicer' suburbs in Western Sydney during this time.

One thing I've noticed is just how long some of the houses are on the market!

For example, one of the first houses I looked at in February was a beautiful home in probably the best street/location in my preffered suburb. Was on the market for $700k. I like the house, but not quite what I am looking for.

While I've been looking at other places I've watched the advertised price go from 700k to 660k and is currently at 625k.

I did some research and the house last sold in 2007 for 680k....

Is this a sign of things to come?
Sounds like its description of what has happened :)
You wish , sounds like the beginning of the end for the housing market , you out that way Trojan , bummer :o
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Frank Castle
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Business As Usual

CareBear
19 Apr 2012, 09:55 AM
Houses in my Western Sydney suburb seem to be dropping; Proof included ;)





Waiting for that proof , thanks. :bye:

Quote:
 
For example, one of the first houses I looked at in February was a beautiful home in probably the best street/location in my preffered suburb. Was on the market for $700k. I like the house, but not quite what I am looking for.


Hmm, when I think western Sydney I think suburbs such as Blacktown, Seven Hills etc where mid $3's is more the norm

Edited by Frank Castle, 19 Apr 2012, 11:57 AM.
Ignore posts by The Whole Truth · View Post · End Ignoring
The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
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TED BULLPIT
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Frank Castle
19 Apr 2012, 11:57 AM
Houses in my Western Sydney suburb seem to be dropping; Proof included ;)





Waiting for that proof , thanks. :bye:




Hmm, when I think western Sydney I think suburbs such as Blacktown, Seven Hills etc where mid $3's is more the norm

[/quote]I dont need any proof , but agree with you that mid 3,s is enough to live in the Sahara , he is probaly talking more Baulkim hills , Kellyville ect.
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CareBear
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Frank Castle
19 Apr 2012, 11:57 AM
Waiting for that proof , thanks. :bye:




Hmm, when I think western Sydney I think suburbs such as Blacktown, Seven Hills etc where mid $3's is more the norm
For privacy's sake (for the poor current house owner) I don't want to give too much info.... trust me I have proof of last sale date and price.
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TED BULLPIT
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CareBear
19 Apr 2012, 12:04 PM
Frank Castle
19 Apr 2012, 11:57 AM
Waiting for that proof , thanks. :bye:




Hmm, when I think western Sydney I think suburbs such as Blacktown, Seven Hills etc where mid $3's is more the norm
For privacy's sake (for the poor current house owner) I don't want to give too much info.... trust me I have proof of last sale date and price.
Dont worry son , we believe you , you dont need to prove anything . Its just that Mr Castle is finding it hard to believe , believe it Mr Castle , it is happeneing , full time for the bulls is nearing . Reality is finally kicking in Mr C , enjoy your downward ride for many many many years to come :lol

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themoops
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Ruby Member
The crash is happening. You just won't hear about it in the media much, and the bulls and the media will continue to lie through their teeth and spruik.

refindhouseprices.com is a good tool.

Unfortunately it sounds like Frank will probably be fine financially if there's a crash, even though he is by far and away the most deserving of going broke!
stinkbug omosessuale


Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments.
Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck!
See here
Property will be 50-70% off by 2016.
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