Monday, 7 May 2012

Oatley.. Ridiculous house prices...

12 years ago Oatley was a nice suburb, quiet, peaceful, clean, people were polite and no one really ever went there unless they lived there or were visiting someone..

Fast forward those 12 years and Oatley is no different to any other middle class suburb in Sydney - but apparently someone forgot to tell people that..  House prices continue to sky rocket to unbelievable levels, with people thinking that Oatley is a prestigious place to live...

In short, it isn't - don't get me wrong, it's lovely but I draw the line at $1.5M for a house on a corner block on two main roads that needs work..  No water views, no real redeeming features other than the fact it is just under a 1/4 acre block...

You can buy much more in other suburbs where the suburb and houses are just as nice..  Not get charged ridiculous amounts (and house buyers are responsible for driving prices up) for a house you need to spend money renovating.

Sydney - when does the lunacy stop?

http://www.soldby.com.au/display.aspx?LID=81506

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