Suburb opinions for PPOR?

[sk280]

Hello All,

We are considering the following Sydney suburbs for our PPOR:

1. Lidcombe (Inner west)
2. Warwick Farm (West)
3. Pendle Hill (West)
4. Revesby (South-West)

Looking at long-term capital gains, which of these suburbs have the best fundamentals in place? Also your views on schools/shopping/transport/crime.

Thanks.

 

[sk280]

No takers for this question! Surprised this question does'nt deserve an answer!!

 

[Jacque]

Hi SK8

Can only comment on Pendle Hill as others are out of my search areas. Current median for houses is $422K
Cap growth last yr 7.14% and av cg over last 10yrs 9.33%
Mixture of old and new (knockdown rebuild) housing in this suburb. Area around the station not attractive but this is typical of many western suburb stations. Watch out for cheaper houses around the industrial areas (Burrabogee, Dunmore, Magowar Sts for example) but also check out nearby Toongabbie and Old Toongabbie, Northmead as there's some really nice homes with character there as well. Also Wenty has some charmers in lovely wide streets, that will cost you half of what you'd pay in the Inner West. I do believe that Parra and surrounds suburbs have some really good value in them right now and selecting something with a bit of character and streetscape may pay off over the long term.

If you have low $400K's to spend but still want to walk to rail, also consider Seven Hills and Quakers Hill (further out but cheaper housing). Best of luck with it all

 

[sk280]

Thanks much Jacque As always you are of great help