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Units under $400K?

Discussion in 'Real Estate' started by simondema, 22nd Dec, 2011.

  1. simondema

    simondema New Member

    29th May, 2011
    Sydney, nsw
    Hi all
    My GF has been looking for a DECENT unit in Sydney to live in for the past 5 months, and so far nothing! Looking for 2 bed/1 bath/1 garage/carport around Sutherland, St George area, Lower North Shore. It has been very difficult to find units which fit the criteria, and when you find one, there is always something that is not quite right (shared laundry, no car space, next to railway line, next to housing commission, far from shops, etc.)
    Are we being unrealistic within this price range, or have the units for sale just got worse in this price range?
    Interested to hear what others think.

  2. Insight

    Insight Brisbane Buyers Agent

    24th Sep, 2006
    Hi Simon, Why not give Jacque, one of the forum owners a call?

    About Us » House Search Australia – Sydney Buyers Agents

    If you have been looking for 5 months then it's a sign your criteria is strict and having problems agreeing with reality, also depends on your skill level searching but definitely not an easy criteria if you haven't found any targets yet.

    Property = compromise. Always. Even when you are looking with budgets 1-3m there are compromises to be made as you are usually trading up to more expensive suburbs and houses.
  3. vanessa

    vanessa V J Tait & Associates

    15th Jun, 2011
    West Pennant Hills, Sydney, NSW
    Hi Simon,

    I totally endorse what Insight (Allan Real Estate) said, try contacting Jacque at Housesearch Australia. I have worked with Jacque in the past and she is very realistic and will assist you to find exactly the right property.

    Unfortunately if your GF is a first home buyer, she is no longer able to get stamp duty exempted if she purchases an existing property. New Properties still receive stamp duty exemption.

    However the grant is still available.

    Don't loose interest, there is a property out there for you :)

  4. Jacque

    Jacque Team InvestEd

    16th Jun, 2005
    Hi Simon

    Thanks for the kind words Andrew and Vanessa :)

    I can't comment on the southern suburbs as we don't cover these but $400K won't get you a 2 bedder with parking on the LNS area. You will need to compromise to buy under $400K either on features, position or condition. Lane Cove is probably your best bet but you really need $430K+ for a 2 bed with parking here- even then it's not going to be in a quiet st or may be in original older condition. You may need to cast the net further to include other northern suburbs- best of luck with your hunt.