Your situation would be considered different as you are making changes to immediately increase the value of the property by single title.
Whereas just purchasing property in ideal location / best street possible for suburb.
Streets to avoid in Blacktown, Seven Hills and Doonside
- Thread starter mumbai
- Start date
Your situation would be considered different as you are making changes to immediately increase the value of the property by single title.
Whereas just purchasing property in ideal location / best street possible for suburb.
Hi Dream
Lucky I have a little spare time to help here
Here's my thoughts numbering 1 through to 7:
1. West side of BT less well regarded but OK street. Not much HC in this actual street but go for a drive to streets backing- Pank Pde and McClean St to see what you think. Lots more HC housing here. Also a long hike to the station.
2. Still west side but I'd be concerned being next to open space here. Street itself OK.
3. Scattered HC stock in nearby streets (eg Tulloch)
4. My pick of the bunch but this is a small and fairly unattractive house- 2 beds wouldn't be my first pick but good value for money in this part of BT. Choice of streets well above all others here.
5. About 40% HC stock. Not the nicest street in between 1 and 3.
6. Too busy to consider.
7. West side of Doonside closer to station and not in an HC area. I'd prefer BT for location given train timetables but be interested to see how you go here. Expect to pay less than BT overall.
Happy hunting and enjoy your Saturday! Hope this has helped a little.
My point is the streets not that flash,but its a good little cash cow.Personally,i wouldnt live there,but its always popular and leases(both) quickly.
Trying to disect whats good,whats bad............the world changes every minute!!!!!!!!!
100% agree with that.
Of all the house ive looked at in person and on the net I would probably only live in maybe one.
It definitely has to be a commerical decision, it is an investment after all.
What is the zoning on the block?
Hehehe no I'll keep it a secret. What I meant was - is the zoning say 2c or 2b or ?
Had a loooong day inspecting the above mentioned + many other properties over the weekend. Looking/waiting at the streets did not give much idea about it being 'good'. However, streets in south blacktown did seem to be more expensive and the agents calling them 'better' than rest of the balcktown.
Two of the properties that I would like to consider are:
54 tara road, blacktown (can nego to 390K)
9 highview street,blacktown (cant get them below 425K)
Any views on these properties?
On a separate note, I had one of the agents suggesting this property in west ryde:
70/20 Herbert street, West Ryde (advertised at 475K, but I hopefully nego to 445K)
From an IP perspective, what would you guys suggest out of the three properties?
Two of the properties that I would like to consider are:
54 tara road, blacktown (can nego to 390K)
9 highview street,blacktown (cant get them below 425K)
Any views on these properties?
On a separate note, I had one of the agents suggesting this property in west ryde:
70/20 Herbert street, West Ryde (advertised at 475K, but I hopefully nego to 445K)
From an IP perspective, what would you guys suggest out of the three properties?
If you are trying to make the comparison between a house on land in Blacktown or a unit in West Ryde - see the attached chart.
If you were making the decision 15 years ago and only on the basis of CG, then the best place to choose was the Blacktown house. Now, what's your best guess for the next 15 years?
If you were making the decision 15 years ago and only on the basis of CG, then the best place to choose was the Blacktown house. Now, what's your best guess for the next 15 years?
Attachments
Hey guys,
I have been advised to look into areas like Bidwill, blackett (basically Mt Druitt suburbs) for investment purposes to get a 7% yield on the IP.
I saw an IP on devaney street, Blackett for around 220K and potential rent is around 280-300 pw.
Can someone advise regarding this.
Is it OK to ask this in the thread regarding blacktown or should I start a new one ??
I have been advised to look into areas like Bidwill, blackett (basically Mt Druitt suburbs) for investment purposes to get a 7% yield on the IP.
I saw an IP on devaney street, Blackett for around 220K and potential rent is around 280-300 pw.
Can someone advise regarding this.
Is it OK to ask this in the thread regarding blacktown or should I start a new one ??
I live in Mount Druitt, about a 5 to 10 minutes drive from Devaney St, and I'll say that it's worth considering for the yield but just take a little bit of extra care with tenants (and the NEIGHBOURS!). But it's definitely not worth ignoring it because of the stigma - I know plenty of decent renters out this way (several of us saving with cheap rent to afford more IPs!).
Most people investing around here do so to put a granny flat on to push up to the realm of 9 to 11 per cent yield. I have a bit of a thought that maybe there's a granny flat "oversupply" though?
Cosmetic renos work great here too.
If possible, look closer to Mt Druitt station. More chance for cap grth etc I think.
Mmmmmm probably not, no definitely not.Isn't the world going to end in 2012
It will end for some people, but most if us will still be here
I still prefer house on land in Blacktown than a unit in West Ryde. That's my personal preference - I just tend to go for house and land due to the many kinds of investment potential to add value to it over the long term, and I don't like units that come with the added cost of strata.
But when it comes to capital growth for the next few years, I'd first look at whether the proeprty stacks up in the numbers for beign positive geared. Once it does, then I look at the capital growth prospects as my second criteria.
But when it comes to capital growth for the next few years, I'd first look at whether the proeprty stacks up in the numbers for beign positive geared. Once it does, then I look at the capital growth prospects as my second criteria.
It's industrial and known as Huntingwood- nothing to worry about impacting on resi as it's wedged between the highway and M4
Becharry Road Blacktown
Hi,
Just wondering if anyone could give some insight into whether Becharry Road Blacktown is a good street? I have read some of the posts about Blacktown West being not as desirable and even saw the dated map where it clearly marks Becharry road as one to steer clear of but just wanted a more recent review. Really appreciate any help
Hi,
Just wondering if anyone could give some insight into whether Becharry Road Blacktown is a good street? I have read some of the posts about Blacktown West being not as desirable and even saw the dated map where it clearly marks Becharry road as one to steer clear of but just wanted a more recent review. Really appreciate any help
Hi,
Just wondering if anyone could give some insight into whether Becharry Road Blacktown is a good street? I have read some of the posts about Blacktown West being not as desirable and even saw the dated map where it clearly marks Becharry road as one to steer clear of but just wanted a more recent review. Really appreciate any help
A number is needed here.... Becharry Rd is ok in parts in MHO but we require more information.
