All Topics / Creative Investing / Sydney – which suburb to invest in ?

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  • Profile photo of zakizaki
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    @zaki
    Join Date: 2009
    Post Count: 5
    June 3, 2009 - 3:59 am

    Hello All…..

    Been looking at buying an investment property in Sydney

    and have come up with the following locations: Balmain, Wentworthville, Chatswood, Camperdown

    Any thoughts on the above areas or any other areas you think are great spots

    Looking to spend between 300 to 500k on it and then rent it accordingly…..

    Profile photo of Scott No MatesScott No Mates
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    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856
    June 3, 2009 - 4:42 am

    Don't know of any houses in Balmain, Camperdown or Chatswood for that price range, do you mean units? (Even then you'd struggle for anything more than a decent/modern one bedder except at the top end of the price bracket).

    Profile photo of zakizaki
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    @zaki
    Join Date: 2009
    Post Count: 5
    June 3, 2009 - 4:56 am

    Yep sorry , meant to say Units….new or used

    What do you think of the locations?

    or any others you reccomend?

    Profile photo of Scott No MatesScott No Mates
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    @scott-no-mates
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    June 3, 2009 - 5:46 am

    Being a sceptic of median house prices, get hold of a copy of the SMH or other median price guide for 2009. Look for suburbs which had massive rises in median unit prices eg Greenwich. This is not generally indicative of huge cap growth but of recent sales of new units which have skewed the results – 2009 will show a drop in median prices (unless there are other stages/developments to come online this year). Those suburbs which have had big drops have been affected by both the general slowdown and the previous years developments having washed through the stats.

    Profile photo of movemysupermovemysuper
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    @movemysuper
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    June 4, 2009 - 6:48 am

    the best way to get it done is that incest for your pension and get relaxed about the future.

    Super Funds

    Profile photo of Richard TaylorRichard Taylor
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    @qlds007
    Join Date: 2003
    Post Count: 12,024
    June 4, 2009 - 7:42 am

    I hope you mean Invest rather than Incest.

    Richard Taylor | Australia's leading private lender

    Profile photo of sweeper2009sweeper2009
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    @sweeper2009
    Join Date: 2009
    Post Count: 22
    June 4, 2009 - 8:09 am
    Qlds007 wrote:
    I hope you mean Invest rather than Incest.

    i freak out when i saw that 1. lol

    Profile photo of Mark.pMark.p
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    @mark.p
    Join Date: 2006
    Post Count: 35
    August 19, 2009 - 11:51 am

    Sorry for bringing the topic back alive… but any thoughts on wentworthvile and surroundings areas e.g westmead and Pendle hill?.

    also does anyone know any area that maybe a good place to start your first investment property? with a price range between $250-$330?

    cheers

    Profile photo of Scott No MatesScott No Mates
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    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856
    August 19, 2009 - 1:06 pm

    Mark, units around Penrith tend to be around those numbers, some will be close to CF+

    Profile photo of Mark.pMark.p
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    @mark.p
    Join Date: 2006
    Post Count: 35
    August 19, 2009 - 9:20 pm

    is anything happenind in penrith? any new devolpment? would it be a good start for an investment property?

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