As far as I can tell, the market still feels OK for the apartments. When it comes to the houses, it feels a lot less velocity. On the other hand, don't think the vendors have adjusted their price expectation too much either.
Personally, I suspect my requirements are similar to most folks. An OK house in reasonable/good condition on a reasonable patch of green stuff in a reasonable location (close to school/transportation etc etc...). I am not after one of those architectural masterpiece with a "w@@ker" street address with the view of the blue stuff. I don't plan to have to work until 2098 to pay off that super size mortgage.
There are two markers I am watching:
a) There are two houses on H**t avenue in Mosman. Both are slated to be auctioned in Feb. These two houses are interesting because a few houses on the same street were sold for $1.9 to low $2M last year. Per Realestate.com.au, the price range for these two houses are over $1.6 to $1.7M.
b) There are two "normal" large houses in Wollstonecraft (for sale) asking for $2M+. If buyers snap up these two houses at the indicated price range, the price gap between Mosman and surrouding suburbs would have become minimal. It would also suggest that there are still buyers out there who are quite aggressive.
Let the game begins !!!
Posts
No comments:
Post a Comment