Originally posted by davids
I live in the gong and I am very interested as to what you believe is good value at the moment.
I grew up in the gong and moved to Sydney about 11 years ago....when I was living there I always told my dad to invest in Cliff Road. I was a kid and didn't know anything so of course he never listened to me....now who's kicking himself....?
Anyway, back to the point....currently i'm interested in Bulli, Woonona, Towradgi and Corrimal. I've seen enormous rises in Thirroul and Austinmer, but I haven't noticed rises to the same extent in these suburbs, although they have risen. Woonona and Corrimal are both experiencing rises now prompted by new unit development and a new developments currently in the pipeline, that haven't been undertaken in the area for many years. I'm positive you'd get some good deals in these areas, and especially if you're into reno's.
I'd also look at Coniston - it's always been the ugly duckling of the gong.....my grandmother used to live there and i remember hating that area when i was a kid, but I wouldn't look at Mt St Thomas.
Personally I'm not too keen on anything south past Unanderra (or even Figtree most probably)....although.....Shellharbour is a definate goer in my opinion.
Originally posted by davids
Another interesting aside to Wollongong is the proliferation of R/E agencies in the area. I wonder if and when a crunch comes how many will survive.
I have found it extremely frustrating and annoying dealing with agents in the area....their mentality is so BACKWARDS!! They are so not investment savvy....anything outside the square is just unthinkable! I hope a few of them do go out of business, although I won't name names
NOTE: Disclaimer Disclaimer Disclaimer....personal opinions only!!