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NOrth Penrith and North Kingswood have historically had more govt housing and still have that stigma. For nth penrith its all but gone, nth kingswood still has pockets. its like Nth and Sth St Marys... south is desired family housing, north is considered bad due to pockets of HC

Yep, I was looking at comparables for renovated 3 bedders in Willmot where I have an unrenovated 3 bedder, 245-265k is getting common. When I get around to it I will do a reno and get some equity out of it. Lots of the stigma of ex houso suburbs is going as they move into private ownership.

Another comment that my PM mentioned is that a number of vacancies are people movining because they cannot afford the rent... blue collar businesses in the area are cutting back hours, making people redundant, or closing down. Combination of investors seeking top dollar rents and lack of income...

Rents depend on the suburb and there are gluts that come and go. St Marys suffers from this more than the others... Mt Druitt has pretty quick re-tenant. There are a lot of rentals on the market due to high investor activity... people are upgrading from first home units to second home houses...

For yield, Mt Druitt is better. For capital growth, St Marys has done pretty well (cant buy anywhere near the 180's like you used to). For tenant quality/set and forget, Penrith South/Jamistown is generally a better grade of tenant than Mt Druitt or St Marys. Really depends on what you are...