- zakiMember@zakiJoin Date: 2009Post Count: 5
Been looking at buying an investment property in Sydney
and have come up with the following locations: Balmain, Wentworthville, Chatswood, Camperdown
Any thoughts on the above areas or any other areas you think are great spots
Looking to spend between 300 to 500k on it and then rent it accordingly…..
Don't know of any houses in Balmain, Camperdown or Chatswood for that price range, do you mean units? (Even then you'd struggle for anything more than a decent/modern one bedder except at the top end of the price bracket).zakiMember@zakiJoin Date: 2009Post Count: 5
Yep sorry , meant to say Units….new or used
What do you think of the locations?
or any others you reccomend?
Being a sceptic of median house prices, get hold of a copy of the SMH or other median price guide for 2009. Look for suburbs which had massive rises in median unit prices eg Greenwich. This is not generally indicative of huge cap growth but of recent sales of new units which have skewed the results – 2009 will show a drop in median prices (unless there are other stages/developments to come online this year). Those suburbs which have had big drops have been affected by both the general slowdown and the previous years developments having washed through the stats.movemysuperMember@movemysuperJoin Date: 2009Post Count: 2Richard TaylorParticipant@qlds007Join Date: 2003Post Count: 11,879sweeper2009Member@sweeper2009Join Date: 2009Post Count: 22Qlds007 wrote:I hope you mean Invest rather than Incest.
i freak out when i saw that 1. lolMark.pMember@mark.pJoin Date: 2006Post Count: 35
Sorry for bringing the topic back alive… but any thoughts on wentworthvile and surroundings areas e.g westmead and Pendle hill?.
also does anyone know any area that maybe a good place to start your first investment property? with a price range between $250-$330?
Mark, units around Penrith tend to be around those numbers, some will be close to CF+
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