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Well just about all the Hills district will do well:
– Cherrybrook
– West Pennant Hills
– Castle Hill
– Glenhaven
– Dural
– Baulkham Hills
– Kellyville
– Glenwood
– Balla Vista
– Rouse Hill
– Stanhope GardensThese areas are all newly built (from 80s onwards) so a lot of them are McMansions over there.
But you have to look at the supply as well. There are going to be more and more McMansions built in Rouse Hill area so I am not so sure if you want to buy that far. But yes the rail link will make the area much more assessible.Not sure about South West because it is quite depressed at the moment.
I only joined today and this is my first ever post in PropertyInvesting.com.
Me and my wife are first home buyer (to live in as PPOR) in Sydney, and we looked to buy a place in Cherrybrook (northern region, nice area for families). You wouldn't believe it but in June at least 50% of all the stocks over the last 2 years were snapped up in one month! Unbelievable. By the time we go inspection over the weekend everything was under offer. So by mid July we looked enough and know that the supply is very few (most people who lived in Cherrybrook does not want to leave).
So we ended up buying a 4-bedroom house (luckily) which for older ones (like 20 years old) goes for low 600K, but it was a dutch auction and we ended up paying mid 600s. It was available for 2 days, open inspection on one Saturday and we just literally made an offer (and 0.25% deposit) to them without even doing all those inspection reports etc etc etc. to lock in the contract.
Now I looked at it and everything is beginning to go into 700Ks. I cannot believe it, especially my settlement date is yet to arrive.
