Hi There, I am new to this website and found it interesting and helpful. I have a questiona and hope some members would be able to help me. Me and my hubby together is hoping to build a property portfolio. We have invested in property before and also have done well investing in our home. Our problem is with the high prices of sydney it is difficult to own a few at a time. Can anyone recomend areas in sydney that are affordable at present and are promising capital growth wise. What areas in sydney we could buy and retain the house in front and subdivide the rest and build on it? If we have $100,000 how could we spread it to invest a few homes? Thanks so much for reading my question.
Best regards
Sandra
I'd suggest researching the fringes of Blacktown/Toongabbie/Seven Hills/Winston Hills. The west has taken a battering over the past few years and presents reasonably good value (prices in the area need to catch up).
Blacktown – has a railway station & busway/regional shopping centre & is between M4/M7/M2. Close to the industrial area, uni of Western Sydney
Toongabbie – has a railway station/new shopping centre (and more approved development above), handy to M2/M4
Seven Hills – has a railway station/Close to the industrial area/handy to M2
Winston Hills – proposed North West Railway (2017?), major shopping centre/handy to M2The first 3 all have larger blocks, fibro houses, becoming an area with noticable migrant populations (renters), some areas have pockets of houses being redeveloped (slow change but a good sign of stability/improvement).
Thanks Scott for your reply. Those areas sure is promising. What do you think of Woy Woy, Windsor and Doonside?
Would anyone be able to advise me the pros and cons in buying commercial property. I mean shops.
Thanks
You must be logged in to reply to this topic. If you don't have an account, you can register here.
