G’day,
I’ve been searching for property in Sydney suburbs.
The lemmings are looking everywhere but Sydney.According to an article in the Sydney Morning Herald, People are buying houses over the phone in there droves in Kalgoolie, West Aust.
The estate agent just paints them a picture of the little place lovingly waiting for a new owner. Bingo house sold.Me, I looking in the only place I know to buy a investment property.
Now.
Sydney.The best I can do for gross return is 4%.I know this is not to good, but it has to change in the future as Sydney property must rise due to lack of room to expand.
Looking for your thoughts.bruham.[blink]
Many people are buying in Sydeny, but the investors are nearly all CG oriented, not CF oriented. If you buy now for 4% then you’ll have to double your rent to get to 8%. I don’t see house prices halving or rents doubling in the short term. Also, if there is a housing shortage then house prices will continue to rise, leaving yields in the trough.
Just my thoughts
Originally posted by bruham:Sydney property must rise due to lack of room to expand.
Looking for your thoughts.bruham.[blink]
Right now folks, they seem to be going up.I know what people are saying about the city apartments but medium high density is happening all over the place.
Have blocks of town houses in our area (Hills) that are not selling. One O/55 has sold none of 8 in 6 mths, just one of many examples, and yet other projects are right now breaking ground.
Should be interesting.gmh454,
I’ve been looking just below the hills area.
I’m after a whole duplex.Value of approx. $600 – 650k.
My chosen area is Quakers Hill.
Have you any news on this suburb?
Location seems right. Train, schools. And at last,a decent new road system. Not that far to Westfields shopping at Blacktown.
Then again, not to close, either.bruham.
Hi bruham,
There should be a fair bit to choose some there, although my Q is why limit your self to a suburb or state? why not diversify your investments?
Happy to help.
Roy H.
L.R.E.A., Dip FS (FP)Guardian Property Specialists (GPS) is a research-focused company that specialises in sourcing and providing residential investment properties Australia wide!
Quakers Hill is a good area and will do well long term,
but I know Riverstone (just nearby) has dropped a fair bit in the last 6 months.
If you are happy to cover a big mortgage in the short term for growth a fair way down the track I would say do it, but I wouldnt buy there now.I have done a few commercial deals around the hills(norwest and castle hill)and Norwest will increase in the long term but short term(including the past 9 months) it wont do much as there is so much development going on,and premiums are already high.
Regards
DematioWe’ve got 70 yrs on planet earth,Lets make the most of every day!
Luke Taylor | Hope Property Investing
http://hopepropertyinvesting.com
Email MeProperty Support,Strategist and Buyers Agent
G’day W.C.,
I think I better call you Dematio.
Thanks for your comment. Yes, all those suburbs values are falling. Very slowly.
I’m now in no hurry to buy. But I’m still keen on Quakers Hill.
The only thing that might be a draw back is the sewerage treatment works.
On hot summers nights that aroma permeates far and wide.
So that’s the only worry of this suburb.bruham.
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