All Topics / General Property / Kingsford vs Maroubra, NSW

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  • Profile photo of xyaxya
    Member
    @xya
    Join Date: 2008
    Post Count: 62
    December 13, 2008 - 12:56 pm

    Hi all,

    I've been looking at some 2-3 bedroom units in Kingsford and Maroubra Junction area, but can't really decide which would is better in terms of investment returns and future capital growth. I intend to live in the unit initially but will then rent it out.

    Any opinions would be very much appreciated.

    Thanks.

    xya

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    December 13, 2008 - 10:35 pm

    Hard to say as they are both next to each other. Kingsford is closer to the city and the uni, but Maroubra closer to the beach and bigger shopping area. Some parts of Maroubra are a bit rough, there is some housing commission there too. If I had to chose one to live in I would go for Kingsford.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
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    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of xyaxya
    Member
    @xya
    Join Date: 2008
    Post Count: 62
    December 16, 2008 - 10:05 am

    Thanks for the comments, Terryw.

    I may buy the property in Maroubra Junction, mainly because it's much newer (I can get depreciation).

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856
    December 16, 2008 - 11:40 pm

    Watch out for the 'bra boys.

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