Hi All was wanting to know what you think about the growth prospects of outer Western Sydney ie - kellyville, rouse hill, beaumont hills etc. . .
I have recently purchased a 4 bedroom + study off the plan for $535,500. Although the block of land is quite small the area has a good vibe to it with nice pool and shared entertaining area. They are also building a stack of ovals, tennis courts, netball courts and fields just 200m away from me.
I have been looking around Baulkham Hills, Castle hill and sorounding areas for awhile now however decided to stick with something off the plan in kellyville ridge. Even for $550k there isnt much out there besides from places that need alot of work, time and effort.
I was reading the paper the other week and they predict growth of 7% per anum for the next 8 years for kellyville ridge as well as Rouse Hill. Makes sense with the amount of money going into the area. Over $1bn spent on Rouse hill shopping centre. Just wondering what your thoughts are on this area. I am not a huge fan of these types of places where the houses are just "rolled out" however after awhile of looking and getting pushed out of the market by "emotional" home buyers this seemed like a good fit.
The area reminds me of suburbs like Cherrybrook 25 years ago where there was nothing there and it seem to be out in the middle of nowhere. In the short term capital growth probably wont be to crash hot because there is still a little bit of land release however hopefully once the land starts to relinquish prices will start to head up.
What are your thoughts? The median price in kellyville ridge is $500k and the rentral yield is about 5.4%
I have recently purchased a 4 bedroom + study off the plan for $535,500. Although the block of land is quite small the area has a good vibe to it with nice pool and shared entertaining area. They are also building a stack of ovals, tennis courts, netball courts and fields just 200m away from me.
I have been looking around Baulkham Hills, Castle hill and sorounding areas for awhile now however decided to stick with something off the plan in kellyville ridge. Even for $550k there isnt much out there besides from places that need alot of work, time and effort.
I was reading the paper the other week and they predict growth of 7% per anum for the next 8 years for kellyville ridge as well as Rouse Hill. Makes sense with the amount of money going into the area. Over $1bn spent on Rouse hill shopping centre. Just wondering what your thoughts are on this area. I am not a huge fan of these types of places where the houses are just "rolled out" however after awhile of looking and getting pushed out of the market by "emotional" home buyers this seemed like a good fit.
The area reminds me of suburbs like Cherrybrook 25 years ago where there was nothing there and it seem to be out in the middle of nowhere. In the short term capital growth probably wont be to crash hot because there is still a little bit of land release however hopefully once the land starts to relinquish prices will start to head up.
What are your thoughts? The median price in kellyville ridge is $500k and the rentral yield is about 5.4%