The PROPERTY DOCTORS, Sydney Australia Novak Properties
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The PROPERTY DOCTORS, Sydney Australia Novak Properties
EP. 1322 WHY LIVE IN DEE WHY?
What makes a suburb like Dee Why the ideal real estate gem, promising high returns and a desirable lifestyle? Join us alongside Dee Why enthusiast Billy Drury as we uncover the secrets behind this suburb's spectacular capital growth. From its irresistible beachside charm and diverse housing options to excellent transport links and shopping facilities, Dee Why's unique blend of features makes it a standout. We dive into the essential checklist for smart real estate investments, highlighting the crucial role of limited supply in driving demand. Discover why clustered communities near urban offerings naturally attract people and how proximity to key amenities like metro stations, hospitals, and beaches can impact your investment decisions.
Explore the transformative "Classy Suburban Principles" that redefine lifestyle accessibility beyond traditional class lines. We discuss how a sophisticated lifestyle can accommodate a range of budgets, making it an inclusive experience for everyone. Drawing from decades of real estate wisdom, we emphasize the importance of these principles across various locations, ensuring that class and sophistication are universal experiences. Whether you're a seasoned investor or a newcomer to the market, this episode offers valuable insights into choosing the right suburb to maximize your investment potential.
Alright, guys and girls, real estate and suburbs in real estate. How to understand why suburbs pump and why they don't pump. We're going to use DY as an example of capital growth, suburbs pumping and how you can apply it to your suburbs. Stay tuned, billy Drury, there he is. How are you?
Speaker 2:DY Enthusiast I love DY.
Speaker 1:Wow, you've even got the right way around.
Speaker 2:We've got a collection of these beautiful magnets. They're on offer.
Speaker 1:Why? Why would you have 20,000 magnets to go out to the world?
Speaker 2:Why we just feel passionate about dy. We love it why not?
Speaker 1:why not like? Um, we've had this campaign, we've been running guys and girls the last two weeks, where we got fridge magnets, super strong fridge magnets, by the way, triple thickness we ordered. They're like those skinny ones that keep falling off. And um, we thought, support, support, uh, you know, love the one you with is what we thought. And the I love, I love dy promotions been born and boy, boy, it's been popular, it's it's weird. Some people Boy, it's been popular, it's weird. Some people zero response. Some people, oh my God, can I have three, five, a whole bundle.
Speaker 2:Yeah, kids love them. Parents pick them up at the open homes and say, yeah, have this, this is something you can take home. Yeah, it's been popular.
Speaker 1:I found them in service stations in mossman. Great the. I love dy magnets everywhere.
Speaker 1:Yes and they're everywhere, they're everywhere um, billy bob, tell me, um, while even dy, what the the makeup of a suburb, it you know over 30 years of a real estate agent. I'm going to share insights of what I see and don't see the magic that creates capital growth in suburbs. You know, I think people often think am I getting onto a winner when I'm buying in a suburb or am I buying a dud when I'm getting into a suburb? And there's a couple of components also where yesterday I had a chat with someone and they were massively attracted to the high rent they would get when they're buying something, the yield, and they didn't even consider capital growth. And I was like you know, different things attract people to different suburbs. So we're going to rip DY apart today and put it all back together.
Speaker 2:Well, it's quite a unique suburb in its composition. It's beachside for a start. So, like the northern beaches, you've got these beachside suburbs that are, I guess, particularly popular when it comes to their coastal offering nice and close to the water. But also it's very unique in its sort of diverse apartment and house setup and then also the transport, the shops. We'll get into that in a little bit more Before we sort of jump into the 10 interesting things about dy. What's your favorite, first of all, as a dy local beach? Well, I think mine's the um, all the shops it's.
Speaker 1:You've got to understand, guys. When you're buying into a suburb, it's nice to have what. When you're buying anything, it's nice to have a limited edition, not because it's limited as in the word, but because it's desirable, and there's not many of them. And I do like, when you're looking at buying real estate, if you can buy something and you know, billy, you say it really well supply is the enemy of capital growth. Supply is the enemy of capital growth when something has a limited offering and it's sought after by everyone. That's going to push the prices up equals capital growth. So I like the beach. I think, if you have a good common sense approach and have a little hover over Sydney, you've got your Bondi's, your Bronte's, you've got your Manly's, you've got your DY's. There's not many precincts that have level walk, excellent transport, excellent restaurants, excellent shopping and a beach. So when you combine those three things you start to go from maybe two dozen beachside suburbs to half a dozen beachside suburbs. At best I might even say there's a, there's only, there's only a couple maybe.
Speaker 2:Yes, you've got manly dy bondi spot on and we encourage when you, when you're going through the buying process or looking at where you're going to put your money, go through the checklist. I guarantee you you take some of these red hot um suburb names, the ones that everyone just know because they know it, such as bondi.
Speaker 1:Everyone knows bondi for the beach, but so much more than just the beach and compare, a really good thing to do um yeah, I, I think you know, I think a good old-fashioned hard copy on paper box tick checklist, I think you'll be surprised with the offerings of suburbs where you are and those things, uh, can't be taken away, are the important things that should go in those boxes. Ie, you know, new hospital, tick ie metro station, if you're in that area. Wherever tick, ie beach tick, not just talking about de-wild, I'm just saying check that, check that checklist that you're talking about, billy, those fundamentals that you're talking about cannot be taken away. They are so important to buying in a good suburb, um, something that we, we've danced around that I got a hit between the eyeballs and people would not have agreed with me of late. But proximity to a city. So, um, you may not think so, but people are quite tribal.
Speaker 1:Um, humans are quite tribal. They like to cluster into communities, they'd like to cluster in to, into, towards big villages, they like to cluster towards the city. So if you look at worldwide, um, cities that are super successful, a lot of them have the common denominator that they're they're, you know, or you know, the cbd offering super essential where they can dwell. It's got to be close to that water, water being harbour or water being, uh, um, beach, those two things absolutely critical. And again, they can't be taken away. They're back to your checklist, billy, they're on there, they're ticked and they can't be taken away. So back to suburbs that thrive. You know, your manly and your bondi and your rose bay and your double bay, all that stuff. A lot of these are on the water and they're very close to our city.
Speaker 2:So city proximity radius massive I also want to give you a bit of a history lesson on dy, because people, people would, uh, maybe not assume that it's actually quite an old suburb, but by sort of sydney australia standard, how old 1814 everyone yeah, everyone thinks dy has only been alive for 50 years, 60 years. No, quite the opposite. 1814, and there was a survey. What's 1814? That was when DY was put on the map from the records of European history, and obviously way before that with the Eora Nation.
Speaker 1:Respect. So 210 years, if my maths are right. We're celebrating DY. What?
Speaker 2:yeah, yeah, and the the actual term dy. They're not sure whether it's, you know, got any meaning behind. It could have been shorthand at the time, literally d, y, and then it was extended out to its longer, longer name, as it is now um. But there you go solid.
Speaker 1:What else? What else makes up DY or a good suburb?
Speaker 2:I think, the diverse sort of people. We've got such a huge mix of cultures, which I love. You can get every type of food, every different kind of shop in DY.
Speaker 1:It's quite shocking. It is a beautiful blend of all of all cultures across the world. I find I I just think it's yeah, bang on with that one, billy bob and I think that's you know.
Speaker 2:Community gets behind that. There's a festival going on, different happening locally, locally festival going on different happening locally.
Speaker 1:Well, they're almost, and I love you know, I like how these communities integrate in DY and I like also how they separate, so they separate enough to be to to enjoy their, their, their overseas cultures, um, whether it's their church or you know, whether it's you know, uh functions that they get together but they they simulate beautifully with the community as in it's never like. You know, you're not welcome um. I find nepalese, thai, vietnamese, um, serbian, italian, greek, um, they're all such welcoming cultures in our Israelis, thai, vietnamese, serbian, italian, greek. They're all such welcoming cultures. In Australia and I think in DY you know, you can go to one of their restaurants and feel like you know, you're one of them and you're part of them. You can go into their homes and they're always welcoming. So I think when you've traveled so far across the seas, you're probably open to um, to uh open-minded and mix it up. A lot of people from the uk, a lot of ponds, uh, it's amazing in dy, the eclectic mix and and.
Speaker 2:And my finishing statement here is the price points are so diverse and that's so important for people to you know, recognize when they're buying. Because if you can buy in a suburb that you the same amenities, the same benefits, properties are selling at 10, 20 million dollars and you can get in there for 500 000 or a million bucks, you're winning, you really are winning, and everything you know, brought up together, and I never thought about that.
Speaker 1:Can you expand on that? That's a cool one.
Speaker 2:That's a very cool one if you look at the the best suburbs, the best cities in the world, and and it's like the old fashion statement of picking the the worst house on the best street, it's that kind of thinking. Um, if you look at some suburbs, you simply can't get in. The. The price points, the entry level price points, are so high. You just can't get in, so you're forced to look further afield, but somewhere like dy we.
Speaker 2:We have a magic um, you know, a magic price point and entry where where you can get into the suburb and enjoy all the same shops, the same beach, the same transport, everything. Everything's the same at 500 000 or 600 000 for a one-bedroom apartment, as 10 or 20 million dollar homes have I really like that.
Speaker 1:it's it's it's not just upper class or lower class or middle class or any class, it's all class.
Speaker 2:Yeah, it's classy and everything goes up together.
Speaker 1:Yeah, and you know you've got money in the back of your pocket. It can cater for all food budgets, all shopping budgets, all budgets.
Speaker 2:Yeah, it's just class.
Speaker 1:DY all class, nothing more to say. There you're a legend, billy bob everyone. I hope you enjoyed today, and it's not just about d y today. In conclusion, it's about applying these principles to your suburbs, wherever you may be agent for 30 years and people are always asking the question about suburbs, and today's a little bit about answering that.
Speaker 2:Yep yep see.
Speaker 1:Billy Bob.
Speaker 2:I'll agree. Why?
Speaker 1:210 years. Woo woo, See you later.