Kellyville Ridge and the Rouse Hill Town Centre

sounds overpriced to me, considering its far location. with 345k, have you considered a 2 br unit in Sydney's inner west? there'll always be  demand in the inner suburbs…. (just my 2 cents )

You cant go wrong with Rouse Hill, Kellyville Ridge, Glenwood suburbs at this moment – looks like a steep climb is imminent with Rouse Hill being the next CBD like Parramatta in the years to come. The T_Way is doing wonders, and there is a lot of infrastructure investments given that Sydney has to grow only one way, ie West! But having said this, "Units" in Rouse Hill dont sound like a good idea. You probably need to consider a house to do better, especially with dwelling to land component being very high in the lifestyle seeking western suburbs.

Oh and one more thing, your comment about ""there appear to be very few Unit blocks in the area – therefore demand is likely to remain high- encouraging capital growth"" does not seem to fit the Economics of demand and supply.

Well in the first place, there are few Unit blocks because Demand is LOW for Units. I know one block of Units being advertised for the last 15 months atleast in Kellyville ridge, and thats the only block of Units up there!

Cheers,

I agree with Bala in that those suburbs are poised for growth given the infrastructure and amenities. It's set to be like Parramatta of the Hills. I also agree with Bala that units are few reflecting the low demand in the area. I live in the Hills and majority of the population is families with children, and people here generally prefer houses. House prices in these suburbs are very high though.

On buying "off the plan", the price tends to take into account potential capital growth anyway and you'll be relying on the market to do all the work for you. Having said that though, the local council is planning to make the area an education hub and so attracting students, young couples, who might rent a unit. But we're talking long term here. Have you considered if this is in line with your investing strategy?

Hi investor newbie,

I live in north parramatta and i can tell you that you can buy a decent townhouse or a unit in the north parramatta which is a better side or buy a unit in the centre that is older.

I rather buy in parramatta then spend 350k+ to buy a unit in kellyville ridge!

i will almost always recommend to buy a crap house on a big block in those areas so you will attrack the tanants quicker, you can renovate and make more appreciation in the long term and subdivide in the near future!

cheers,

michael