If you had $500,000 to invest in a townhouse, which area would you invest it:
* North Parramatta
* Baulkham Hills
* KellyvilleYou could say that I am in a similar situation to this. At the moment, I am leaning towards North Parramatta purely due to location.
Thanks.
Regards,
Ajay
I beleive next month in Kellyville they are giving away a free RE agent with each town house (the ones next to the mall )
Agree on Nth Parramatta.
I am amazed at how many Town houses Apartments are coming up for completion in next 18 mths in a area that has yet to absorb a huge number of those released at end of last year. Thank god for the 1000 ppl moving into Sydney each week ( being sarcastic ….sorry could’nt help it )
So yep, Nth Parra looks better value for lots of reasons.
Would have thought you could get a lot better than 500K for a good Townhouse at the moment.
Have you thought about going closer to the city? All of those areas are way out west. You could still get something decent much closer in.
Hi Anubus & thanks for your reply,
Yep, you are right – $500,000 is a fair amount for a townhouse in Nth Parramatta.. the reason is that it is Defence housing.. so as you probably know, the higher price is justified since the house guarantees tenants through a 12-year lease… so I guess I am looking at North Parra as a long-term investment…
Thanks.
Regards,
Ajay
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