Sydney Real Estate - $2.3M in Mount Druitt!

[@markharwood]

Dave please share some stories about living in the Druitt back then. Like the razor blades put in the water slides!

[@EEVblog2]

Well it's true that that rumor went around, scared the crap out of a lot of kids, you were always on the lookout for razor blades stuck in chewing gum. It actually changed the way everyone thought about the slides, you never wanted to go first any more, and the first one down crawled through to check. In the later years to save cost they would only turn on a certain numberof slides depending on how many were there, and if it was a cold miserable day and no one else was there you could ask them to turn off and on certain slides for you. I dislocated my thumb on the white water rapids once, I don't think they'd have that ride these days, OH&S would kill it. The smell of two stroke from the bumper boats was awesome.

[@EEVblog2]

The main Australian Tandy electronics HQ (Intertan) was at Mount Druitt, used to ride my bike there all the time. They also had a small store front that had a back room that had all the discarded repair and evaluation gear, so I'd spend hours every week rumaging through the piles of stuff, everything was like a few bucks. Carried big stuff home on my shoulder on my bike. When I was in year 10 they knew I was the only kid into electronics so they got me a work experience job for a few weeks at the repair center fixing Tandy Model 3's and whatnot, that was great.

[@andljoy]

The outside looks like a shipping container dumped next to a tesco metro. Rich people have zero taste .

[@Error42_]

I was thinking it looked like a bunch of badly stacked boxes.

[@SnabbKassa]

They can afford a philosophy. Architectural philosophies don't conform to popular taste. Some people are just opposed to all forms for modernism. But if I built a house that looked like Schloss Neuschwanstein, people would call that ugly too.

[@kisslab]

This thing is as cosy as a trashcan.

[@kisslab]

@@SurvivalSquirrel That is outside my imagination ;)

[@nommindymple6241]

I guess I'm just old. When I think of a $2.3M house, I think of something like Stately Wayne Manor (including the bat-cave) on some huge tract of land. Not a couple of cubes crammed onto an itsy-bitsy lot within feet of the neighbors.

[@marcogenovesi8570]

the future is now, old man

[@EEVblog2]

Welcome to Sydney

[@TheMrKeksLp]

Outside of cities you can actually still get /real/ mansions for 1-2 million. I don't get why people want to move to cities with these outrageous prices...

[@coopsnz1]

@@TheMrKeksLp no you wont a masnion on acre in the country 3.5 million

[@kevjaesome3809]

100% overseas investor

[@LawrenceTimme]

Chyknees

[@EEVblog2]

I actually think it might be local who grew up in the erea and has family nearby and they have a fair bit of coin now. I know a guy who made a fortune on Bitcoin and is building a mansion out south of St Mary's for the same reason.

[@MartinE63]

Back in 1992 I recall driving out from the CBD towards Bondi, the properties on the route reminded me of single storey 1950’s built properties in the UK. Been around the country a few times since, and considered moving there in 2005. The property prices were a deterrent then, as was the weather. But the reality is that I can only cope with the weather in Tasmania, and bits of Europe. It’s not as if there is a shortage of land in Oz, is the problem water scarcity? Transport? Whatever it’s nuts.

[@AdamSWL]

That shipping container prison watch house electrical substation look is rather popular down in Melbourne town too. With the entire dwelling in black colours which really suit the high heat summers we tend to get in Australia. And as far as renovating goes, the house will let you know it's time to do it when all the slapped together construction starts to fall to bits around your ears in short order. The monthly repayments and bills will be simply eye watering. Have a street view tour of Sanctuary Lakes in Melbourne if you like maximum tackyness!

[@FrankGennari]

Houses out here in the San Fransisco Bay Area are super expensive. A house like that would probably be $4-5M, and $2M just for the land. It's insane. My neighborhood also has a random mix of old and new houses, some of them with this modern style.

[@samh6761]

My hometown of Austin has been going through similar changes, especially directly east of downtown. Gentrification has swept out almost all of the original generational residents, and all of the culture went with it.

[@TheKnobCalledTone.]

$2.3M and yet you'll probably still get shanked if you walk outside your house at the wrong time

[@coopsnz1]

Emu plains 3.25 million smaller block

[@Markus1925]

They are the ones that shank others. Look at the owner.

[@TheMrKeksLp]

You pay for the experience

[@rabidsminions2079]

Redern was once a suburb that you didn't want to enter and thebprices are astronomical now.

[@rabidsminions2079]

Its a new 6 bed house on 1020m of land. Lots of bedrooms and a massive block of land.

[@sless6928]

In about 18 months they'll be able to sit with a glass of wine on their front balcony and watch the planes arriving and departing the Western Sydney Airport.

[@barrieshepherd7694]

With property in the City being sold for $12M that is probably a 'steal' - e.g. 12 Victoria Street Potts Point

[@one4stevo]

I done a lot of work in Mount Druitt for the housing commission, i never thought a house sell for 2.3m. Wtf crazy

[@tehsimo]

so you're telling me you don't like a 16ft tall glass wall 20 feet from the single-story neighbour? :)

[@heathwellsNZ]

Having only returned from a holiday in Sydney a few weeks back... is that nearby reservoir the one that is now called "Pondi" ?? We did a day trip to the Blue Mountains and we stopped somewhere where you could hear motor sports...

[@looksharpPT]

Very nice. But Imagine cleaning all that glass!

[@jaro6985]

That and the AC bill is going to be high. But otherwise glass is great.

[@arturperreira5680]

The concrete box, without roof, are a nigtmare to mantain, after 10 15 years, water infiltration id a real problem the house moves and crack the isolation materials, the cost of reseat some roof tiles vs remake the roof.

[@jameshackett9992]

With on average 80% defects on oz homes I give it less than 7 yes

[@malcolmtill]

You might try setting your VPN to Albania or Myanmar to overcome the adverts.

[@brasscog8890]

That sir is what we in Americu call gentrification, like the Camo Oklahoma map in the bathroom. It will hide the mold growing up the walls.

[@jasontang6725]

Just needs a Starbucks sign out front to complete the look.

[@TheScottytr6]

With 1/2 million down you're looking at nearly $12000 monthly mortgage payment. Sheesh!

[@grhinson]

Lyon Estates has been in the past a pretty working class neighborhood. Lord knows what it will cost to live there in the future the way things are going.

[@arturperreira5680]

In portugal cost the same, a good salary is 1500 aussie dollars, so were the money comes from?

[@TheBaldOne]

Abroad, "investors" wanting to park their "investment money". Por outras palavras, estamos fodidos.

[@marcogenovesi8570]

businness investors using houses as investment. THey buy and hold it for a while, they don't need to live in it or rent it

[@Mark.R_]

Chinese investors, I saw it when visiting Melbourne 1st hand in 2016. They were transported around the city by young Chinese ladies who looked as if they were attending a high-end fashion show. Looking totally out of place for the area!

[@peppybocan]

Austraya, so big, yet so empty. You gotta move out up north the coast, you gotta try and balance it off with the west coast. You will end up like the UK, where London is the epicentre and everything else is just a commute town to London.

[@ThatMusicGuyAu]

My grandfathers property on a corner clanged block in Tregear, the worst part of Mt Druitt, sold for $730K. The place was a 60 year old fibro shack that was barely livable. The trustee sold it earlier this year as he’s in dementia care with his wife. He bought it for $70k or so in the 90s. Unfortunately we were all written out of the will, even though I’ve gotta look after him and his affairs for the remainder of his days with the passing of my mother a few months back.

[@buda3d2007]

Id be talking with however is going to get the proceedes, that sound rude to leave you out of the will, a decent person would redraw the will.

[@EEVblog2]

My parents paid $12k for our place in 1970.

[@ThatMusicGuyAu]

@@buda3d2007 there’s a whole legal thing I’ll have to go through after his death as he wrote a will and left everything to charity. Because I’m now his carer and handling all his matters, I’ll be able to challenge the will in court easily and get the vast majority of it. Much easier process than dealing with my mother’s affairs after her murder this year. No will means going through the Supreme Court for letters of administration and all that stuff. Takes forever.

[@ThatMusicGuyAu]

@@EEVblog2 I’m 38 and there is literally no way on earth I’ll be able to own a place in Australia. My partner will inherit some from her parents one day maybe, but I’m not so lucky. Sucks there’s such a stark line now where the chances of owning your own home is predicated on whether your parents bought one in the past.

[@pahom2]

Owning a luxury house in a poor district is a Mumbai style

[@Markus1925]

Beautiful community like Lakemba.

[@EEVblog2]

My dad grew up in Lakemba, he was in the Lakemba Throttle Twisters motocycle club. My auntie still used to live there on a massive block. It was an aussie-as suburb back them. But then a certain ethnic and religious type slowly started to move in and started pushing everyone out. They would threaten my auntie to sell.

[@Markus1925]

@@EEVblog2 I hear you my friend and I know what's going on in those neighborhoods. Hope you and your family are doing well.

[@AdamSWL]

@@EEVblog2 Exactly the same is happening where I recently moved from. With antisocial behavior that quickly escalates if you show any sign of disapproval. Car hooning and loud gatherings well into the night on weekdays, culminating in street takeovers and other intimidating methods to get you out. I got out. Waaaaaay out!

[@AnarchyEnsues]

its well over a 1.2million dollar house.

[@coopsnz1]

more like 2 million 3 car garage

[@dosgos]

The interior work must have cost a fortune.

[@AdamSWL]

So will the remediation works when the Clag holding it all together starts to fail!

[@RoderikvanReekum]

I can't even afford a plane ticket to Australia. Are these prices only in populaire cities or in the whole of Australia?

[@EEVblog2]

You can buy a nice new house on a decent block for say $600k in a smaller town like Dubbo, 6 hours drive inland from Sydney. But basically that's pretty much the bottom of the aussie housing market. Maybe $400k in some even smaller towns.

[@pahom2]

Serious question: Does it have a solar roof or solar driveway?

[@Nordic_Mechanic]

neither, but they have a waterseer instead of a well and a hyperloop station next year

[@wobblysauce]

Wooo... times changed.

[@Thirsty_Fox]

As bad as it is in Australia, it's a bit worse yet in Canada. The housing market is no longer an essential living need, but rather a tool for large investment corporations and wealthy private investors to make huge amounts of money on something inhabitants actually need. And of course housing, despite being a fundamental living essential and not productive, is included in GDP figures but exluded from "Cost of Living" (inflation) figures.

[@mikesradiorepair]

Madness. Around here you could buy at least 100 acre lot and put a 3,000 to 4,000 sq./Ft. home, huge garage, pool and still have enough left over to furnish the home. And it's not like I live in fly over country. I'm basically 1/2 way between Washington, DC and Harrisburg, PA on the MD/PA state line. Sounds like property investors are cashing in and cashing in BIG down under.

[@coopsnz1]

taxes much lower in usa than australia why homes much cheaper

[@veryboringname.]

Rooty Hill. hehe. I wonder how the neighbours feel and what the interactions are like between them and the neighbours. I'm guessing the new owners grew up in the area and have an attachment to it. Maybe the family business is in the area so it makes sense to stay.

[@EEVblog2]

Yesh, makes sense, I know a rich guy like that, building a huge mansion south of St Mary's.

[@Bunjamin27]

It’s starting to almost get 1/3 as bad as a ‘Metics

[@SnabbKassa]

A lot of money illusion going on here with stupid clickbait headlines. People are used to 1 million of a currency being "a lot". That doesn't mean it will always be a lot.

[@coopsnz1]

thesha park mega mansion on a acre in south west sydney sold 7.6 million early this year

[@keithmarlow143]

McMansions often on a plot that doesn't leave you room to swing a cat outside. Given the choice I'd much rather live in an apartment. The reason the prices are shooting up is pure investment driven buying, sometimes backed with 'grey' money from overseas places, bought unseen. Last year more than one in four properties in NSW, Victoria and Queensland were bought with cash, not a mortgage, straight up cash. Also foreign investors can buy off-plan properties that have not been occupied, go figure... There is also another reason driving this, bracket creep, more people are pushed into negative gearing via no indexing on tax brackets. You either watch you disposal income get eroded or play the negative gearing game..

[@pr0engineer873]

I love the space inside those modern homes, they are very open and inviting, but on the outside they just look like a concrete box. Really don't like it. Almost brutalist.

[@graeme8755]

Dave 1012sqm land,

[@cinobro6393]

In Mount Druitt!!! Hope you’ve got good theft insurance for your cars out the front.

[@coopsnz1]

a 60s 3 bed dump on 600sqm block sold in beecroft 2 million you get what you pay for ! if it was a luxury home like this expect 6 million in beecroft on 1200sqm block

[@KeritechElectronics]

No thanks, I'd take the old school one... if I could afford it. Boxy, gray and sterile. Can it get any uglier?

[@coopsnz1]

kellyville 5 million that size so not suprised 2.3 million 1200sqm block in mount druitt !

[@bill6255]

Architect ripped off the designer of the shipping container & tire shop..

[@tonyarntz821]

The dumbest thing we humans have ever done in our breif existence is digging up 55 years of captured carbon and releasing it back to the atmosphere every day, but the financial world will probably implode first. I fear for my grandchildren.

[@fairhall001]

"sausage mansion"

[@WacKEDmaN]

i seen ya twitch post last night...i couldnt believe it.. but.. its changed A LOT out there..some big $$ around.. some very large houses, and expensive houses being built out that way....

[@alch3myau]

all the fobs buying up. thanks government !

[@coopsnz1]

Luddenham Mansion sold 4.7 million on 4000sqm block

[@SeanBZA]

By me the lowest price suburbs will be in at less than 5% of that price, and that is the good parts. You want the cheapest you will pay less than 1% of that price and get a house. But that is likely going to be the highest price paid there for a while, and again is proof that location matters, because they really went overboard, well above the location. Wonder what the rest of the surrounds goes for, because you can be sure the others are not that price. Yes you are right in that buying a fixer upper is better, because you can spread the cost out over a decade, and get it done for a lower price simply by choosing times when work is slow for the contractors, thus getting better quality and a lower price.

[@dolbyman]

Seems like a steal...*cries in Vancouver Canada real estate prices*

[@Boffin55]

Yawn; so what you're saying is that Sydney is cheap? A house that size, on a lot half that size would be closer to AUD$3m here; and you're still 20km from downtown Vancouver.

[@buda3d2007]

Hongcouver, so many high rises it looks like HK now, shame I used to love Vancouver now its overdeveloped, I'd still visit the place for friends and nature but I have no desire to live there now, I did decades ago.

[@dolbyman]

@@Boffin55 For this price (2million) you get a teardown here...

[@coopsnz1]

Emu plains on neapen river 3.25 million months ago only 800sqm block

[@EEVblog2]

Yeah, I was out there about 6 months ago and I couldn't believe it.

[@coopsnz1]

Rouse hill 2.86 million 800sqm block

[@coopsnz1]

that not the highest 2000sqm block sold in mount druitt 2.75 million in 2023 ! for land size it is record price

[@EEVblog2]

That would be sold to developers to build a block of units on it.

[@coopsnz1]

padstow heights south sydney 3.6 million new home near georges river

[@coopsnz1]

sinagpore a studio loft sold 1.9 million

[@coopsnz1]

Sinagpore ' Zurich ' Hongkong more expensive than sydney to buy a home

[@coopsnz1]

castle hill 2000sqm block mansion sold 6.5 million a few yrs ago ! what it worth now probably 8 million

[@EEVblog2]

Castle Hill hasn't actually maintained it's prestige.

[@coopsnz1]

@@EEVblog2 90s mansion sold in west pennant hills 8 million this yr ! 1300 sqm luxury home sold in castle hill 6.5 million this yr bro

[@coopsnz1]

milpera 1900sqm block sold 4 million months ago

[@coopsnz1]

new kitchen & bathroom over $100000 easily to renovate

[@coopsnz1]

new luxury home nora heads in central cost 5.6 million 600sqm block

[@coopsnz1]

20% more taxes under labor & green 2 yrs isnt helping

[@coopsnz1]

taxes much less in usa why i bought a investment property $500000 in new york cbd

[@coopsnz1]

mansion cost 4.5 million to build

[@coopsnz1]

it would cost 2 million to build i has 3 car garage & 6 bedrooms ! it sold to cheap i Harrigton park home sold 2.76 million 1000sqm block

[@rudiger86]

It will sell for 3mil in 6 months