All Topics / Help Needed! / Property in Blacktown

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  • Profile photo of empitempit
    Member
    @empit
    Join Date: 2010
    Post Count: 1
    June 16, 2010 - 5:43 am

    Hi,

    I am looking to buy a property in Blacktown, NSW. What do you think would be growth prospect of a property here. The growth trend since 2004 till 2009 is in negative for this suburb. Since 2009 it is picking up. I intend to liquidate the asset in 5 years time. Please suggest.

    Regards,
    Yuvaraj

    Profile photo of Matt_ArnoldMatt_Arnold
    Participant
    @matt_arnold
    Join Date: 2006
    Post Count: 142
    June 16, 2010 - 10:50 pm

    Hi Yuvaraj

    Straight up, i havn't seen any specific numbers on Blacktown, but i did have a look at a few places with my brother early this year. (He was simply looking for a PPOR around $250K…)

    My overall thoughts are that the 'stigma' once attached to Blacktown is beginning to fade.

    There has been some very nice unit blocks built that are well priced (anything that is reasonably modern, well kept and around the $250K mark in Sydney is cheap !!!). Add to this the fact that they are easy walking distance to a major train station and close to potential employment Eg. Norwest Business Park makes me think that Blacktown will do well.

Viewing 2 posts - 1 through 2 (of 2 total)

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