Hi everyone,
I know there's been many threads on the Western Suburbs and I have trawled through most of it. My questions are quite specific so I haven't found exactly what I'm after.
We're ready to buy our 2nd IP now - a 2br unit around the $300-350K mark.
First one was in our own backyard (melb) so we're a very green and buying interstate is a bit scary.
I've narrowed it down to the areas around Parramatta, mostly because it's toted as the 2nd cbd and it is seems a good investment (maybe not as high a yield as some but we need a good long term with no work needed ).
As we live in Melb, hubby will be flying up there for a weekend to view 5-6 units. I am looking for validation that I have the correct ideas and haven't gotten it completely wrong, not knowing the local market can be a trap and I don't want to fall into any
The unit will be lowrise, low fees etc. near train but not too close to Parramatta road.
We have looked at using a buyers agent but have decided to do it ourselves this time.
Thanks
Jus
I know there's been many threads on the Western Suburbs and I have trawled through most of it. My questions are quite specific so I haven't found exactly what I'm after.
We're ready to buy our 2nd IP now - a 2br unit around the $300-350K mark.
First one was in our own backyard (melb) so we're a very green and buying interstate is a bit scary.
I've narrowed it down to the areas around Parramatta, mostly because it's toted as the 2nd cbd and it is seems a good investment (maybe not as high a yield as some but we need a good long term with no work needed ).
As we live in Melb, hubby will be flying up there for a weekend to view 5-6 units. I am looking for validation that I have the correct ideas and haven't gotten it completely wrong, not knowing the local market can be a trap and I don't want to fall into any
The unit will be lowrise, low fees etc. near train but not too close to Parramatta road.
- 1st choice is Parramatta (near station and westfield) - hard to find lowrise and meet our budget here.
- 2nd choice is Westmead (near hospital) - seem to be a few but also many rentals.
- Is a unit near the park considered a sought after location or the opposite?
- For other choices not sure whether to stay on the train line (Harris park, wentworthville & further west) or to venture to Parra north? Train line appeals to me but syd may be very diff to melb. Do most people commute to city from here?
- I get the impression that Merrylands may not be a great area as the prices are all under 300K.
- Does anyone know where all the council housing is or how I find out?
We have looked at using a buyers agent but have decided to do it ourselves this time.
Thanks
Jus