DON'T BUY A PROJECT HOME IN SYDNEY! Bad Investment!

[@theesanpanther5786]

There's some valid points in this video but not much everyone doesn't already know. "Location Location Location" is pretty much the #1 rule of property & common sense. "Buy a bigger block, Value is in the land not the house.." Groundbreaking stuff. Telling people H&Ls or kit/spec homes "wont go up in value.." as much as a waterfront property - Is both obvious & dangerous. A massive massive portion of existing homes here in Sydney all started out as H&L packages, They are not a new phenomena- They have been doing them since the 70's in massive volume, throughout suburban Sydney where they have gone up literally thousands of percent in most areas so telling people today's wont go up in value now is not only irresponsible but exposes limited awareness of Australian property. Yes the land is smaller now, But it is scarce - There is not actually an abundance of land left in Sydney's developers to buy for "pennies on the dollar" as repeated at least 4 times in this video. The blast radius of development right now is pushing into the floodplains before the mountains already. In Marsden Park arguably Sydney's most active new suburban estate area, They are already building on flood plain already, Just passed Box Hill the other most popular suburb for new builds its also low lying land or flood plain (pitt town etc) then after that you hit the Hawkesbury & the Mountain Ranges - There is very little land left in NW Sydney apart from tiny pockets in between exiting older suburbs & established estates that have already gone up in price & therefore cost way more to acquire where the price will be passed on to the consumers. If you have $850,000 and you want capital growth (fast) you kind of have to invest in kit homes on smaller blocks in newer areas where there is capital growth due in short-term via value adding infrastructure, unless you want to buy in a really crappy low socioeconomic area in Western Sydney that already has it all. Simply put, Not everyone can afford bigger blocks closer to the city in old areas OR waterfront property in NSW which is all already way way overpriced.

[@MARKetingJOHNSON]

Some very valid points in this! I hope i didnt come across to hard saying they wont go up in value because i think they will. Just not as fast as more desirable land. Obviously the more money printing the gov does, the more assets should go up. The video is more so geared to people who want to skyrocket there networth in realestate by adding value and creating instant equity. As i said at the beginning if i made millions each year then i would think about parking some money in these kit homes. But we need to remember we are in the information age now, meaning things might look very different in a few years. Houses may be getting cheaper to build and people will be working from home instead of driving into the city each day. This has me thinking people will want views and beaches close to where they live. So we might see people trending up the coast newcastle, lake mac Etc

[@deadjoker1001]

Informative video. As an agent, our firm sells many of these properties. Depending on the area, some do actually go up. Regardless, many do go down. However, people mostly buy these to live in and not as an investment. Keep up the great content.

[@MARKetingJOHNSON]

Thanks for the feedback! Hit me up if u have any old run down houses for sale!

[@ramzanmohammadi1537]

It’s sad that this guys makes videos that we can learn things from but no one watches it but if a girl makes a video 10 million Views