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TheFinanceShop
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January 23, 2013 - 12:31 pm
Units or houses? What's the strategy? I know those areas quite well.
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Shahin
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davidts
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January 23, 2013 - 12:51 pm
I am looking to to purchase 2 bed units with the strategy to hold for 5 – 10 years. I also trying to find 2 bed units in which I can renovate.
TheFinanceShop
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January 23, 2013 - 12:54 pm
If its units I would stick to Harris Park and Granville – yield is better and CG potential is stronger as well.
The only issue with Harris Park is the crime rate but thats been an issue for a very long time.
Granville had the same stigma but its changed a lot over the last few years.
Regards
Shahin
TheFinanceShop | Elite Property Finance
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davidts
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January 23, 2013 - 9:11 pm
I've been looking Harris Park, but units there tend to go very quickly. What do think about Guildford?
TheFinanceShop
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January 23, 2013 - 9:22 pm
Honestly I hate Guildford – there is/has been massive development in the area for several years and there is an over supply. Its not a very desirable suburb – its quite industrial. Its not on the train line to the City whereas Harris Park and Granville are.
Harris Park goes quickly because there is no more units that can go up – its developed to the rim (which is expected because its a small area/suburb).
Regards
Shahin
TheFinanceShop | Elite Property Finance
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JT7
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Join Date: 2010
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January 23, 2013 - 10:23 pm
I worked in the Parramatta area for several years. I think Harris Park is a good area because it's close to the Parramatta CBD and has very strong transport infrastructure including its own train station. Parramatta has developed incredibly quickly in the time I spent there most noticeably apartment development however, there is population growth to match.
Big Indian population in Harris Park so lots of tenants….walked into a couple of properties with multiple people residing in them, sleeping on the floor…Indian students etc. Just select your PM well and you shouldn't have any problems….
Jack