In terms of money generated I stand corrected.
Having said that I know that Parramatta contains a lot more hotted up cars with loud exhaust and even louder drivers than St Leonards and Chatswood.
But if you had 1.3mil to spend/invest would you buy in Wentworthville, Chatswood or St Leonards?
Totally different demographics. Take a look at who's buying in Wenty. Particular ethnic groups who have settled in the area and their relatives want to live there too. I see that being the major reason why the Wentworthville/Pendle Hill/toongabbie/Girraween area has exploded in price.
As for Pemulwuy, I built there and it is a lovely place to live. It is extremely popular for double income professionals who commute to the city. Low maintenance properties but many have top of the line interiors. Good bang for your buck if you want a nice house without spending your weekends mowing the lawn and tending to the gardens.
I Agree.. I think this is why the prices has gone up through the roof around Sydney Regardless how far the suburb is from CBD...
It doesn't make sense at first, but I guess some ethnicity preferred to live around the area with the same background.
Still.... If I have 1.3 mill to spend, No way i'll buy in Wenty..... I'll look at north shore and Lower north shore first.