My choices:
Balmain – 2 bed unit with small 2nd bedroom, smallish bathroom in a 60's block – water glimpses – very close to ferry, bars, restaurants, etc
Five Dock – almost new 2 bed unit with large rooms thoughout – only public transport is bus to/from CBD – no bars or restaurants within walking distance
They are the same price.
So my choice is, smart flat in a not so good area, or not so smart flat in a great area. Which one is more
likely to go up in value in this context?Could someone with knowledge of the Sydney area give me some insight please?
Thanks!
You'll get some great rent at Balmain. As you said, it is
close to city, airport, beaches, has ferrry and bus access,
so no annoying trains
Fivedock area is being developed also with a lot of work
being put into the surrounding suburbs such as canada
bay (great chinese there!) Long bus rides if no carI'm not qualified to say what's your best bet, but I'll put
my money on balmain as it is right on the frindge of the
city, has great access, the precinct has a great council
that looks after the locality, great spot for NYE celebrations,
and a place you could live in if you decided move.
Great cosmopolitan neighborhood!I'm interested in the potential for capital growth here, not the rental income – which i believe will be the same in both places.
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