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  • Profile photo of SupachickenSupachicken
    Member
    @supachicken
    Join Date: 2004
    Post Count: 6

    Hello Terrry,

    Thank you for your reply. I have looked into these a bit more and they do not look that good at all.

    Will just keep looking. If anyone knows of units for sales around the $100K mark in Sydney I would be extremely interested.

    Cheers,
    David.

    Profile photo of SupachickenSupachicken
    Member
    @supachicken
    Join Date: 2004
    Post Count: 6

    Hi Steven,

    Thanks for the reply. I have looked at the stamp duty and so on and I think it will be around $2400 or there abouts. I think I am going to talk to some non-bank lenders and see what they say, but I need to start studying hard on resedential mortgages I think[biggrin]

    Cheers,
    Dave.

    Profile photo of SupachickenSupachicken
    Member
    @supachicken
    Join Date: 2004
    Post Count: 6

    Hello,

    Thankyou very much for your replies. I do not have the finances yet to go ahead with any purchase so I will doing constant reseacrh for a long while before I even go into put a deposit down.

    Everyone has said that Penrith is a very nice spot at this point in time but there is one place that has captured my attention.

    When driving down Castleraigh St from Penrith/Werrington through to Richmond there are big developments going on as we speak. There plans to submergew most of that land into water and create a harbour side area around there, talking of the developments as they will be the next Syndey harbour.

    I know if this is the case there will be surley a lot of over development and so on with you units and appartments most probally popping up everywhere that the sun could quite possibly shine, but perhaps rather then housing there land may be quite a substantial investment. Has anyone put much thought into this? Or is not really all that concievable?

    Thankyou very much,
    Dave.

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