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The Bar For non Automotive Related Chat |
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#2161 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,855
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That doesn’t surprise me, but I can understand where you’re coming from.
Look at Risdon Vale as a template for rocketing values near a prison. The buyers you saw, may well have considered this aspect for themselves. Plus those of the mindset who want “new” and on virgin ground (so to speak). |
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#2162 | |||
Regular...with metamusal
![]() Join Date: Oct 2009
Location: Geeeloong
Posts: 6,387
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Quote:
seem to remember something similar down here where [i think?] all the blocks were auctioned off instead of a set price. would have got a way betterer price i'm presuming [?]. |
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#2163 | ||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,324
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yes there was an inundation of interest for these blocks for some reason. I would presume the Auction was a success and they got more than advertised.
__________________
"the greatest trick the devil pulled, is convincing the world he doesn't exist" 2022 Mazda CX5 GTSP Turbo 2018 Hyundai Santa Fe Highlander 1967 XR FALCON 500 Cars previously owned: 2021 Subaru Outback Sport 2018 Subaru XV-S 2012 Subaru Forester X 2007 Subaru Liberty GT 2001 AU2 75th Anniversary Futura 2001 Subaru GX wagon 1991 EB XR8 1977 XC Fairmont 1990 EA S Pak 1984 XE S Pak 1982 ZJ Fairlane 1983 XE Fairmont 1989 EA Falcon 1984 Datsun Bluebird Wagon 1975 Honda Civic |
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#2164 | ||
FF.Com.Au Hardcore
Join Date: Jun 2013
Location: Adelaide
Posts: 1,601
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My daughter just finished school near this site, it’s 20min from the CBD, 10mins from tea tree plaza, and central to almost every suburb north of the city. The area is full of hard working immigrants who value new builds over existing stock.
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____________________ 2019 LDV G10 2009 Mitsubishi Express-GONE 2011 Honda Jazz ____________________ |
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#2165 | ||
BANNED
Join Date: Jul 2012
Posts: 2,886
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I have a feeling it might be 0.5% tomorrow from the RBA.
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Please press the "Like" button if you enjoy my posts. (It's the red triangle with exclamation mark on the left) |
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#2166 | ||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,891
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0.15. And the papers will say, hey this lowe nuffie who got it so wrong maybe isn't so bad.
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~~~~~~~~~~~~~~ Rides (past and present) Current: 2004 Ford Falcon 5.4L 3v Barra 220, Manual Past: Mitsubishi Sigma (m), Toyota Seca (m), Toyota Seca SX (m), Toyota Vienta V6 (m), Toyota Soarer 4L v8 (a), BA XR8 ute (m), T3 TE50 (m), BMW Z4 (m) AFF motto - If contrary views trigger, please use ignore button. ![]() |
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#2167 | ||
Guest
Join Date: Aug 2018
Posts: 1,892
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#2168 | ||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,324
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a full sick garage???
![]() I reckon it will be a double storey row dwelling or townhouse of some description.
__________________
"the greatest trick the devil pulled, is convincing the world he doesn't exist" 2022 Mazda CX5 GTSP Turbo 2018 Hyundai Santa Fe Highlander 1967 XR FALCON 500 Cars previously owned: 2021 Subaru Outback Sport 2018 Subaru XV-S 2012 Subaru Forester X 2007 Subaru Liberty GT 2001 AU2 75th Anniversary Futura 2001 Subaru GX wagon 1991 EB XR8 1977 XC Fairmont 1990 EA S Pak 1984 XE S Pak 1982 ZJ Fairlane 1983 XE Fairmont 1989 EA Falcon 1984 Datsun Bluebird Wagon 1975 Honda Civic |
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#2169 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,855
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What’s the DCP say for ridge or eaves/parapet height, setback, side boundaries, number of stories, parking requirements, FSR, green space/permeable surface?
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#2170 | |||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,324
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Quote:
https://villawoodproperties.com.au/w...nes_Oct22.pdf? BEP https://villawoodproperties.com.au/w...lope-plan.pdf?
__________________
"the greatest trick the devil pulled, is convincing the world he doesn't exist" 2022 Mazda CX5 GTSP Turbo 2018 Hyundai Santa Fe Highlander 1967 XR FALCON 500 Cars previously owned: 2021 Subaru Outback Sport 2018 Subaru XV-S 2012 Subaru Forester X 2007 Subaru Liberty GT 2001 AU2 75th Anniversary Futura 2001 Subaru GX wagon 1991 EB XR8 1977 XC Fairmont 1990 EA S Pak 1984 XE S Pak 1982 ZJ Fairlane 1983 XE Fairmont 1989 EA Falcon 1984 Datsun Bluebird Wagon 1975 Honda Civic |
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#2171 | |||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,324
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Reserve Bank of Australia hikes interest rates yet again in November meeting
https://www.news.com.au/finance/econ...9c4c2dca88589f Quote:
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"the greatest trick the devil pulled, is convincing the world he doesn't exist" 2022 Mazda CX5 GTSP Turbo 2018 Hyundai Santa Fe Highlander 1967 XR FALCON 500 Cars previously owned: 2021 Subaru Outback Sport 2018 Subaru XV-S 2012 Subaru Forester X 2007 Subaru Liberty GT 2001 AU2 75th Anniversary Futura 2001 Subaru GX wagon 1991 EB XR8 1977 XC Fairmont 1990 EA S Pak 1984 XE S Pak 1982 ZJ Fairlane 1983 XE Fairmont 1989 EA Falcon 1984 Datsun Bluebird Wagon 1975 Honda Civic |
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#2172 | ||||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,855
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Quote:
Quote:
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#2173 | |||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,324
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Quote:
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__________________
"the greatest trick the devil pulled, is convincing the world he doesn't exist" 2022 Mazda CX5 GTSP Turbo 2018 Hyundai Santa Fe Highlander 1967 XR FALCON 500 Cars previously owned: 2021 Subaru Outback Sport 2018 Subaru XV-S 2012 Subaru Forester X 2007 Subaru Liberty GT 2001 AU2 75th Anniversary Futura 2001 Subaru GX wagon 1991 EB XR8 1977 XC Fairmont 1990 EA S Pak 1984 XE S Pak 1982 ZJ Fairlane 1983 XE Fairmont 1989 EA Falcon 1984 Datsun Bluebird Wagon 1975 Honda Civic |
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#2174 | ||
Donating Member
![]() Join Date: Jun 2007
Location: Checking out soft furnishings....
Posts: 8,687
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My mortgage has gone up $840 a month since this time last year and I don't have a huge mortgage at all. The banks are also frustrating, Look at NAB, 5.7% variable is the current rate. They've passed on every rise even though their base rate was already very high before the rises. I can't imagine people that owe 1.5m plus on their low income. Hard times coming for some, for sure.
Also rent rise is crazy. One of my places is $570 a week and i'm happy with that. I just got notification that the cheapest place rented in that complex besides mine is now $650 a week with an average of $700. This is a 2 bedroom, two bathroom one garage town house, crazy.
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Proud owner of the ugliest Ford ever made |
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#2175 | ||||
Donating Member
![]() Join Date: Mar 2007
Location: Heading thru Hell (Corner)
Posts: 8,182
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Quote:
Thankfully, the bold bit above means there's no contractual obligation for people to do so. Build a nice environment and people will make use of it, regardless of any obligation.
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Labels are for jars, not for people. Life is a journey, not a destination. ~~~~~~~~~~~~~~ Daily: 2013 FGII EcoLPi in Winter White Play: 2015 FG X XR8 in Emperor Show' N Shine thread Gone, but not forgotten: 2015 SZII petrol Titanium Territory in Emperor |
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#2176 | |||
Former BTIKD
![]() Join Date: Mar 2005
Location: Sunny Downtown Wagga Wagga. NSW.
Posts: 53,197
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Quote:
'Ang about...not Saturday? I wonder what Church is running the show.
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Dying at your job is natures way of saying that you're in the wrong line of work.
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#2177 | |||
Cabover nut
Join Date: Aug 2015
Location: Onsite Eastcoast
Posts: 10,827
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Quote:
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heritagestonemason.com/Fordlouisvillerestoration In order that the labour of centuries past may not be in vain during the centuries to come...... D. Diderot 1752
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#2178 | ||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,324
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I think its a bit of an encumbrance over reach to be honest. No developer has the right to specify how some is to live their life in that community.
__________________
"the greatest trick the devil pulled, is convincing the world he doesn't exist" 2022 Mazda CX5 GTSP Turbo 2018 Hyundai Santa Fe Highlander 1967 XR FALCON 500 Cars previously owned: 2021 Subaru Outback Sport 2018 Subaru XV-S 2012 Subaru Forester X 2007 Subaru Liberty GT 2001 AU2 75th Anniversary Futura 2001 Subaru GX wagon 1991 EB XR8 1977 XC Fairmont 1990 EA S Pak 1984 XE S Pak 1982 ZJ Fairlane 1983 XE Fairmont 1989 EA Falcon 1984 Datsun Bluebird Wagon 1975 Honda Civic Last edited by blueoval; 01-11-2022 at 05:35 PM. |
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#2179 | |||
Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
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Quote:
https://www.realestate.com.au/proper...atta-139715619 I really thought it was a mistake the first time... but alas it isn't. Saved in my watch list for shi75 and giggles... as I'm sure many others have also done. I can see the agent speaking to the vendor "Any time soon will be sold, it's being watched by 3,251 people! Amazing interest"!
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___________________________ I've been around the world a couple of times or maybe more....... |
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#2180 | ||
Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
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Slightly more than what I posted?
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___________________________ I've been around the world a couple of times or maybe more....... |
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#2181 | ||
FF.Com.Au Hardcore
Join Date: Jan 2019
Posts: 575
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Charliewool: Watsonia
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#2182 | ||
Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
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Looked at several properties over the past few weeks.
3 I was semi interested in went to auction, first 2 went around 400K over agents 'expectations' - so in other words they grossly under quoted to get lots of feet through the door and at the auction. One of the auctions had what was obviously a dummy bidder working for the agent. (Both the above properties were with the same office). Will not deal with them any more after their performance. Went to another auction - looked like a nice home, but had a large rear addition that was very low and appeared to have water damage that was painted over. Not one bid. Not 1. Why oh why does that happen to places I'm not interested in? There is still lots of interest at the low-mid end of the market ($1.1-1.4 mil) yet if you push the budget a little more to slightly over 1.5 mil there are some great buys to be had. Looked at some land today, a little too far from the kids schools, and has 1/100 flood zoning so not worth my efforts. Have changed my search criteria to older places that are livable and can be slowly renovated while living there. These properties seem to scare off prospective buyers it seems, especially with all the doom and gloom around building material pricing and tradie shortages. Will keep on the hunt. Got another place that has caught my eye - if I get it at the right price that is.
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___________________________ I've been around the world a couple of times or maybe more....... |
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#2183 | |||
Donating Member
![]() Join Date: Mar 2007
Location: Heading thru Hell (Corner)
Posts: 8,182
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Quote:
__________________
Labels are for jars, not for people. Life is a journey, not a destination. ~~~~~~~~~~~~~~ Daily: 2013 FGII EcoLPi in Winter White Play: 2015 FG X XR8 in Emperor Show' N Shine thread Gone, but not forgotten: 2015 SZII petrol Titanium Territory in Emperor |
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#2184 | |||
Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
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Quote:
Sent from my SM-G973F using Tapatalk
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___________________________ I've been around the world a couple of times or maybe more....... |
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#2185 | ||
FF.Com.Au Hardcore
Join Date: Apr 2005
Location: Canberra
Posts: 13,374
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My mum has finally exchanged contracts on her investment property. Took a $30k haircut on the list price after being ****ed around a lot.
But she is just glad to **** it off ![]() |
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#2186 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,855
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Where did your mother end up profit-wise, after how long, in net return?
A new semi near me has seen its auction deferred three weeks. I’m not sure why, it’s a Mediterranean build - not Chinese - so they don’t need the extra time for remedial works. Many of the latter you see major rework under warranty extending into the second year post-sale. |
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#2187 | ||
FF.Com.Au Hardcore
Join Date: Apr 2005
Location: Canberra
Posts: 13,374
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Bought 2 bed 1 bath apartment for $330k in 2010 sold for $400k so basically **** all. Listed in June at $430k
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#2188 | |||
BANNED
Join Date: Jul 2012
Posts: 2,886
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Quote:
percent..sounds ok to me..better than paying rent..
__________________
Please press the "Like" button if you enjoy my posts. (It's the red triangle with exclamation mark on the left) |
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#2189 | ||
Cabover nut
Join Date: Aug 2015
Location: Onsite Eastcoast
Posts: 10,827
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Zilo, he was referring to this.
__________________
heritagestonemason.com/Fordlouisvillerestoration In order that the labour of centuries past may not be in vain during the centuries to come...... D. Diderot 1752
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#2190 | ||
BLUE OVAL INC.
Join Date: Feb 2006
Posts: 8,645
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We've(Daughter and I) finally had our slabs and first frames completed on our builds which has now taken 13 months to achieve. Been keeping an eye on neighbouring property listings and at present lesser designs are listed and selling at 60k over build price so our $270k investments are already worth 20%+ more and rising.
Rental return is currently around $330pw on a $280pw mortgage. Still heaps of heat in the bottom end of our market. |
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