What do people think about the report that Chippendale is likely to be Australia's best investment opportunity? I am gathering they are basing this prediction due to the planned $2 billion redevelopment of the former CUB brewery?
http://www.news.com.au/dailytelegraph/story/0,22049,23615408-5013110,00.html
For me this makes me wonder is it likely to be a good investment opportunity, or likely to become saturated and overcrowded due to new developments planned. And if not, how long before an investment starts to come into its own with the re-development planned to take 8 years I believe.
What do people think?
I am a bit biased shay, because I have bought in the area. After some research and advice from people whose advice I respect, I have invested in a property there. I obviously think that certain properties in the area are going to do very very well, and I have put my money on that. But that is just me.
Different people look at different things, but what some of the factors I considered were:
- Close to Sydney, the city which has not performed well and is showing signs of localised recovery
- close to transport
- close to pool of variety of tenant demographic (University Student or employee/Sydney CBD worker/Hospital worker)
- A considerable amount of future infrastructure planned
- Good rental return
- Very good potential for capital growth
- advised that it was a good area!!
There are many other things people look at, but there you go, that's just me.
Bear in mind though, I would be very choosy on the type of property. I haven't gone 1 or 2 bedrooms or within a large complex (although these types may do quite well too…). Just my humble thoughts.
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