Has anyone got any experience in the Western Sydney house market? I’ve been told its highly volatile due to its substantial wage spread.
Yorker- the WS market is not for me. I don’t think you get the rental % return on a lot of properties in the greater WS area, and I don’t think the properties are cheap enough to justify buying there. As you’d know, there has been phenomenal growth in all areas of sydney, and people have moved further and further out to be able to afford to buy. But you can generally get more rent from an inner-ring 1-bed apartment than you can from a 3-bedroom house an hour out of sydney in the western suburbs.
Proximity and yield are two of the most important factors to me in the sydney market. Then you have some of the other areas of sydney (south-west is a crime haven) and the north-west (bible-belt). Neither of those areas appeal either.
I’m an inner-ring person
kay henry
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