Hi everyone
I am continuing to look for an IP in Sydney, but being in WA all my due diligence is from a distance. Can anyone help me with some comments or feedback on Pemulwuy (Greystanes) in Sydney?
Are there areas/streets to target, or in particular those to avoid? I have been looking at mainly units and townhouses. Is anyone familiar with Driftway Drive? Any feedback would be greatly appreciated. Thanks.
Angela
Hi Angela
No doubt Greystanes looks attractive to a non-local, as new estates and infrastructure often do
But I have to agree with some of the others on here, in that transport links are poor in Pemulwuy and your money would be better spent trying to stick to rail suburbs closer by, such as Wentworthville, Pendle Hill, Seven Hills or even further up the line. For those suburbs without rail, you do need to ensure bus links are consistent and available.
What you'll end up with also depends on your budget naturally. Many interstate investors don't want the hassle of maintenance, hence their preference to select newer properties but, in my experience, often older well maintained properties can be just as good, if not better value in most cases.
Agree with BV that a BA will save you time (naturally) and, being in the negotiating game on a regular basis, more than likely $$$. Don't want to blow my own horn, but I have stacks of clients who can attest to the fact that they were very very happy with the final price I purchased for them as well as the type of property.
Local knowledge is paramount, and though Margaret and others like her are researchers, not everyone has the time or inclination to conduct sufficient DD before embarking on an interstate purchase.
Angela, also check out the nearby other Parra suburbs around if you are keen on this area- there's lot to choose from!!