housing dropping in the inner suburbs sydney, page-41

  1. 1,694 Posts.
    Go figure.....seems tasurfer has bought into the delusion he first identified.

    Post #: 43935
    Hi all - need some help - our son lives in Sydney and wants to buy around Darlinghurst/Surrey Hills - looking at a 1 br or studio. As parents we will be helping out.
    What do guys think about buying into this curent market+ area and are there mega pitfalls with body corporate's and fees etc...
    Its looks a bit scary - but he needs some security of tenure with rents skyrocketing!
    Appreciate any comments or advice - cheers tasurfer

    Post #: 43966
    ...trouble he is paying 400 per week now in Darlinghurst for a one bedder and looking at an increase too.
    Around $20k per year will fund a loan at interest only at least to get some stability and some security of tenure...

    Post #: 51540
    Here's the sums...SETTELD SUM $330K..fully renovated -beautifully 12 mths ago..

    Gross PA rental $24,000 [460 p/wk ]




 
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