I've got my 20% deposit ready and finance pre-approved. Ready to go. Just don't know where to go hahaha
My budget is around 600k, I've been looking at areas like Dundas / Dundas Valley / Carlingford and I feel I can afford these areas but perhaps my knowledge is limited and that I should widen my search
My ideal is to be as close to the city as I can afford, or be close to a train station (with fuel prices ever increasing and peak oil and all that).
I'm also exclusively looking at free-standing homes, preferrably brick veneer. I don't mind a bit of renovation needed on the inside
Can you suggest some suburbs for me to look at? Any hidden gems in the north or south?
You could get something in Ermington, Rydalmere, Silverwater as well.
Further south possibly a fibro in Roselands, Wiley Park & surrounds.
Also on transport – seven hills, toongabbie etc
Possibly try Baulkham Hills, old castle hill Etc…….
Dundas, Carlingford etc is not the best place to live if you want good transportation, I grew up in Carlingford and it took at least an hour just to get to the city, unless you are close to the M2 bus as the train station there is pretty hopeless.
Eventually it should be upgraded with the North-West metro so by around 2020 hopefully it would be good, also assume this would increase property value in this area. Whether it ever gets built or not is another question.
I live in Seven Hills now and the transport is pretty good, train to the city is only about 30 minutes so cannot really complain with that. Parramatta would be better still with regards to transport into the city.
$600k would probably be able to get you something liveable in the innerwest as well, maybe around Dulwich Hill area, although whether you could get a free standing brick veneer home is another question. But since you do not mind renovating inner west is not a bad option.
Heaps of areas in Sydney basically so don't try and lock yourself into one straight away. If you can afford it I would highly recommend North Shore, around Chatswood, St Ives area, it is a very nice area and relatively close to the city and trains, and not far from the beaches either.
Can't afford St Ives / Chatswood – maybe in 10 years
So what's with the North West metro line – what's the current status of it? and who do I vote next election for to get it up?
You could get 3 houses out in Mt Duritt area for that.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Take a look at Tempe. This one's on for just under $600k and looks to be in very nice shape:
http://www.realestate.com.au/property-house-nsw-tempe-107511396Worth sniffing about to see if you could get a place that needs some work for a bit less….
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone MeVIC Buyers' Agents for investors, home buyers & SMSFs.
Saw that one but decided I prefer something with 4 walls
I know my pickiness has priced be away from these more convenient suburbs so I'm relegated to continue looking at ermington / rydalmere / dundas / carlingford etc
Terryw wrote:You could get 3 houses out in Mt Duritt area for that.But would you want them?
Why not?
High yields with good CG potential. At prices like that they would have to go up. Just get landlords insurances!
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
I agree with Terry.
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone MeVIC Buyers' Agents for investors, home buyers & SMSFs.
Terryw wrote:Why not?High yields with good CG potential. At prices like that they would have to go up. Just get landlords insurances!
I must admit, when I read the "what can I buy in Sydney for $600k" title, my first thought was three IPs out west. Insurance is definitely a must – as is a good property manager.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
The question is not "What can you buy for $600k in Sydney" but "How can I buy a house in Carlingford for $600k". I don't know why you have your heart set on that area.
Are you going to live in the property or simply rent it out?
If your goal is to eventually live in the city (but you can't afford it yet) then maybe it might be an idea to rent in the city and to buy investment properties further out with good rental yields.
Mount Druitt is the extreme, as obviously it is a pretty rough area. I'm not saying it is a bad investment, but you may want to look at investments in western Sydney, or even small towns just out of sydney and build up your portfolio.
As these properties increase in rent and value you may be able to use the equity to buy your dream home.
Ryan McLean
CashFlow Investor
Read my most popular blog post on 10 Places You Can Find Positive Cash Flow Property For Sale In AustraliaRyan McLean | On Property
http://onproperty.com.au
Email MeMy mate is just putting a deposit down on a solid well presented 4 bedroom house in Carlingford for just north of 600k. The owners were desperate to sell.
I've also had the option of purchasing a 2700m2 block of land with an old 5bdr 2 story house in Thornleigh for 800k. Unfortunately I couldn't get the funds together quick enough.
Keep an eye out, there are always bargains.
I'm in the same situation, I decided to look out west and purchase 2-3 properties, unfortunately nothing as yet. Hopefully in the next couple of months I can secure the first place.
You must be logged in to reply to this topic. If you don't have an account, you can register here.
