Hi. Am wanting to invest on the Northern Beaches but looks like Dee Why is the really affordable area.
I have mixed feelings about the area.
Close to the city, Manly, nice beach and shops/cafe. But the area seems to have a "rough" edge about it. Will it improve? Also there are numerous units (to say the least) in Dee Why so is it a risk investing in the area if wanting to rent (vacancy rates) or ever needing to re-sell?
Am looking forward to your feedback.
Thanks.
Manly vale also had that stigma but its changed and the prices have risen dramatically. As you have noted there are a lot of units. I would be pushing for houses in Dee Why. There are some older houses on good blocks of land but they are quite rare so you need to be on the look out for a far period of time.
Another benefit of Dee Why is that it only takes about 35 min to get to the city via bus.
Regards
Shahin
TheFinanceShop | Elite Property Finance
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I'm actually quite interested in this area too.
Went to Manly for a holiday (no never invest on holidays) but there did seem to be quite a bit of new activity (signs for planning permits, construction etc).
I think this is an interesting area to keep an eye on for long term growth or maybe a house/unit reno.
QM, when you say "rough edge", can you please elaborate, as one persons rough is another persons idea of a quiet day!!
Cheers
D
DWolfe | www.homestagers.com.au
http://www.homestagers.com.au
Email MeWe were looking to move to the Northern Beaches last year (finally had enough of the Canberra weather). We done a fair bit of research and got the impression that Dee Why was a little rougher in areas compared to other suburbs in the Northern Beaches. I have no hard facts – just lots of googling. The prices in Dee Why seem a fair bit cheaper when compared to other areas close by.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
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Deeply Why has its fair share of govt services occupying several office buildings in the main strip on Pittwater Rd. Traditionally it has been the cheapie suburb with lower social demographics but with the recent redevelopment of Dee Why Central and several blocks of units the prices have been pushed upwards with a changing of faces of the locals.
Jamie what is the difference in the weather between the two?
Don't tell me in NSW they down need umbrella's ?
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
lol – massive difference.
Canberra winters are ridiculous.
I was up in Sydney on the weekend and the weather was amazing. Their winters aren't as harsh either.
The biggest draw back is what money can buy in terms of a PPOR. I can buy a 5 bedroom house with a decent yard in Canberra which is less than 5kms from the CBD for the same price as a two bedroom unit on the Northern Beaches.
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]
Haha,
How amusing! My other half really wants to move to Northern Beaches…. I think Melbourne winter has worn him down! Probably not as bad as Canberra! It snows there right!?!
Interesting what you say Scott, new development is generally a good sign that the area is on the rise..
Cheers
D
DWolfe | www.homestagers.com.au
http://www.homestagers.com.au
Email MeYep, we get the odd bit of snow. I think the last time was only a few weeks ago.
The nights get really, really cold!
I love the Northern Beaches. Great beaches, cafes, bars – plenty to do.
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]
You could always look at Wheeler Heights if you want rough
and the northern beaches.
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