Sydney Pied a Terre

Well slap my arse and call me Charlie, hasn't the property market gotten off to a flying start this year! Makes a nice change, I hope the momentum is sustained although I'm not sure prices will get back to their previous (admittedly insane) levels. I'm on the fence about this. On one hand I appreciate that Sydney real estate is completely unaffordable and for many, unattainable so a price drop is helpful. On the other hand, that kind of stuffs those of us that do have a fair amount of money already invested in property. A lot of people invested during the boom when prices were inflated. I did so with eyes wide open however the same can't be said for all. I'm not going to use this blog to get political however I do remember a certain federal Treasurer, during the height of the property boom, urging people to put their money into property. Some silly people trusted his judgement and while it may not have been their sole motivator, it was a reassuring voice. I'm no economic genius, far from it in fact but I saw the GFC coming. And the Treasurer didn't? What exactly is he doing these days? Exactly. NEVER trust a politician.

1212/73 Victoria Street, Potts Point NSW

This is the embodiment of a pied a terre and it's right in the centre of everything. Not very big but the space is totally functional. And isn't it dressed up to the nines! I love it. Only gripe I have is that it is really small, hasn't got a bathtub and also, I hate the laundry, I really prefer a separate and decent sized laundry that's in a room of its own. Other than that, I'd be in this place in a second. Click here for more info.

UPDATE: This sold (very quickly) for $1,050,000. Don't say I never tell you anything.

(click pictures to enlarge/launch slideshow)