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US is going through its worst phase…I have a relative in USA who is owner of 17 Dunkin Donuts Franchisees + couple of motels. He is on the verge of retirement (wanted managers to run the businesses)..Now he has decided to sell off everything & settle in India for his retirement. With the kind of money he would have after selling everything, he can surely live like a Royal King. I talked to him few days ago & he is very pessimistic about future of USA. I guess USA has lost its properity & unmatched shine that the world was envy of.
Micheal,
I have lived in Parramatta for about 5 years now. And I like you strongly believe that Parramatta has all fundamentals for a nice capital growth in future as soon as present sentiments improve even slightly.
A lot of large companies are moving their offices from Sydney CBD to Parramatta (Water Board, Deloitte, Robert Walters to count just a few). RTA Office in Parramatta is moving to another place. Why ? A 26 story Residential Apartment coming to its place (A friend of mine advised this, I have not confirmed yet with anyone)…Parramatta remains the obvious choice after Sydney CBS & North Ryde for business to move in…
Anyways, Blacktown – to understand the place, you actually need to see it yourself. I do not see any developments coming there, no good employment opportunities ( more people travel to City or Parramatta or other areas). I believe that any Suburb goes higher in value when people like you and me desire to live in the area. I do not see many desirable people around me.
Doonside – A good friend of mine lives in Doonside & does not rate this suburb as safe.
On top, fuel costs make it more difficult to travel to city.
Thanks.
Absolutely !!!! Considering the rising fuel costs, it is getting very essential to buy near a good train connection. Parramatta superbly connected with Sydney CBD & other major suburbs of Sydney.
Previously, I thought of buying a decent 3 bedroom house in blacktown or Doonside. Yesterday, took a decision NOT to buy there as Capital Growth would be minimal.
In the post above, in option 2 it should read like – "Buy a HOME PPOR using full savings $230K & for the rest use Home Loan for $70k.". Apologies for the error. Thanks.
