My wife and I until recently had 3 properties in NSW. We recently sold on the central coast, but still have 2 properties in Hornsby.
We are wanting to buy another 1 or 2 properties in Sydney as we feel now i about right in Sydney's cycle.
We have heard a lot of people talking about buying units in Sans Souci as they are undervalued and will be expecting good growth. I sort of understand this when you compare the prices of some of the units with the surrounding suburbs of Dolls Point and Sandringham ……………. the ripple effect. But I doubt if these will make consistently good growth long term. What do other think of Sans Souci?
The other, and probably preferred option is buying closer to the city (around Erskineville/Alexandria/Newtown). I feel that these properties, much closer to the city, and of older style have better and more consistent long term growth.
I want to see what other people think of this and also other areas of the Sydney market. Are people looking at buying in Sydney again? where and why?
Richard
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