Looking for an investment property and thought about the suburbs mentioned in the title. Looking for a house where i could put a granny flat or rent them or even better a house at the back with the ability to subdivide.
1) St Marys/Colyton - South of the Great Western Highway - drove around here and have a few friends here. Seems like a nice place to live (not my intention). Houses seem to be going for $350k-450k (depends on land size and condition). Not near a train station (2-3ks away) so not too sure how it appeals to renters)
Still saw a few kids that looked like trouble but seemed more like isolated cases that could be easily handled. Personally find it a cheap location for what it is and due to crazy house prices in Sydney at the moment have some place to move in terms of CG.
2) Old Mt Druitt - Doesnt seem to bad of an area (crossing railways tracks is too much effort
). Lot of land here is close 1000m2 so subdivision is possible. Price seems a lot higher which is around 600k which seems a bit high to bother investing in this area (personally rather go Fairfield area which seems to have similar size blocks for a tad higher). On the other hand public transport and shopping centre are near.
I have also considered St Marys (north of Great Western). Near trains/CBD. Prices are actually cheaper (low 300s-400k). People around this area seem to be not appear as well off as above areas. As an investment seems have a few headache tennants. In terms of CG i actually have no idea but since prices are well below Sydneys average theres a place to move?
3) Rest of 2770 (DOH suburbs) - as the obvious lot of DOH houses, and would not be suprised that lot of the ex DOH still are home to questionable characters. Seems like finding a tennant would not be an issue (although may have a few headaches) Easily put a granny flat in most of these blocks being 550m2-650m2. As its in blacktown council may be able to subdivide corner blocks. Looks like the properties have done well over past 12 months in terms of CG. Prices seem to be Low 300s - 400k + (pending on condition).
Personally find Colyton/St Marys as a better option if i had to choose to live but I have no intention too. Maint objective is rental income and CG (looking more at a short term as well). I feel investing in suburbs that are on lower end of Sydneys Market would be ideal for a short term CG as.
These are just my personal opinon - Would love to hear yours
1) St Marys/Colyton - South of the Great Western Highway - drove around here and have a few friends here. Seems like a nice place to live (not my intention). Houses seem to be going for $350k-450k (depends on land size and condition). Not near a train station (2-3ks away) so not too sure how it appeals to renters)
Still saw a few kids that looked like trouble but seemed more like isolated cases that could be easily handled. Personally find it a cheap location for what it is and due to crazy house prices in Sydney at the moment have some place to move in terms of CG.
2) Old Mt Druitt - Doesnt seem to bad of an area (crossing railways tracks is too much effort
). Lot of land here is close 1000m2 so subdivision is possible. Price seems a lot higher which is around 600k which seems a bit high to bother investing in this area (personally rather go Fairfield area which seems to have similar size blocks for a tad higher). On the other hand public transport and shopping centre are near.I have also considered St Marys (north of Great Western). Near trains/CBD. Prices are actually cheaper (low 300s-400k). People around this area seem to be not appear as well off as above areas. As an investment seems have a few headache tennants. In terms of CG i actually have no idea but since prices are well below Sydneys average theres a place to move?
3) Rest of 2770 (DOH suburbs) - as the obvious lot of DOH houses, and would not be suprised that lot of the ex DOH still are home to questionable characters. Seems like finding a tennant would not be an issue (although may have a few headaches) Easily put a granny flat in most of these blocks being 550m2-650m2. As its in blacktown council may be able to subdivide corner blocks. Looks like the properties have done well over past 12 months in terms of CG. Prices seem to be Low 300s - 400k + (pending on condition).
Personally find Colyton/St Marys as a better option if i had to choose to live but I have no intention too. Maint objective is rental income and CG (looking more at a short term as well). I feel investing in suburbs that are on lower end of Sydneys Market would be ideal for a short term CG as.
These are just my personal opinon - Would love to hear yours
