People,
I'm looking to invest in Sydney area for a long term Capital Gain IP and perhaps moving on to the property as PPOR few years on.
so based on further browsing on the internet and this forum, here is my summary of findings to limit the scope of the area for invest:
Arncliffe, Blacktown, Harris Park, Auburn and Canterbury are examples of areas undergoing gentrification in the next 5 years.
I see them now as at pre-gentrification stage or very early stage
Arncliffe and Canterbury will become like Earlwood and Dulwich Hill that is the middle of gentrification stage right now.
3 years ago nobody like Earlwood.
Blacktown (known as high crime area) will be like the Hills District
Harris Park and Auburn (old area) close to 2nd CBD Parramatta is like Arncliffe and Canterbury close to City CBD.
Also the westconnex project make them more desirable in the future.
Please correct me if I'm wrong or if anyone here knows if I have missed on anything important.
I'm looking to invest in Sydney area for a long term Capital Gain IP and perhaps moving on to the property as PPOR few years on.
so based on further browsing on the internet and this forum, here is my summary of findings to limit the scope of the area for invest:
Arncliffe, Blacktown, Harris Park, Auburn and Canterbury are examples of areas undergoing gentrification in the next 5 years.
I see them now as at pre-gentrification stage or very early stage
Arncliffe and Canterbury will become like Earlwood and Dulwich Hill that is the middle of gentrification stage right now.
3 years ago nobody like Earlwood.
Blacktown (known as high crime area) will be like the Hills District
Harris Park and Auburn (old area) close to 2nd CBD Parramatta is like Arncliffe and Canterbury close to City CBD.
Also the westconnex project make them more desirable in the future.
Please correct me if I'm wrong or if anyone here knows if I have missed on anything important.