Sutherland Shire, Sydney
- Thread starter Goose
- Start date
I've been looking around the shire for a while, in the higher end I don't see all that much happening.
Units seem mostly a little expensive to me atm.
Units seem mostly a little expensive to me atm.
I noticed in the SMH article yesterday Sutherland was among the fastest selling Sydney suburbs on average, so there is some activity in the region:
http://smh.domain.com.au/real-estat...-suburbs-defying-the-glut-20110520-1evc5.html
Whether or not this translates to any sort of appreciable capital growth in the next few years is anyone's guess. I do like the look of some of the beach side suburbs for investing, Cronulla and Woolooware might be good options for 1 and 2 bedroom units if that is what you are looking for.
http://smh.domain.com.au/real-estat...-suburbs-defying-the-glut-20110520-1evc5.html
Whether or not this translates to any sort of appreciable capital growth in the next few years is anyone's guess. I do like the look of some of the beach side suburbs for investing, Cronulla and Woolooware might be good options for 1 and 2 bedroom units if that is what you are looking for.
I agree, and vendors aren't very negotiable (yet).
The thing is, prices in cheaper suburbs have come up and there isn't as much price difference between average and better suburbs anymore so there will be price adjustments for sure.
I think that we'll either have prices in the better suburbs move upwards or the cheaper subs will have to pull back. Considering the low sales activity I think the high asking prices in the cheaper suburbs are unrealistic and they'll come back a bit.
Goose,
Hard to answer that question as "gods country" (yes its a local call to heaven from here.....) covers a diverse area.
I live in Cronulla, by the beach and its exy, bargains do not come up very often, and the market is robust and active. Returns here are appalling for an investor (unless you want a good tax write off) but the cap gain is fine.
Sutherland on the other hand has infrastructure, such as the rail hub (trains go to sutho and then either branch out to waterfall or Cronulla), and the hospitals, and Miranda has one of the largest westfields in the country. Its cheaper than cronulla to buy, but again the returns leave much to be desired.
Both have a large amount of rentals, and the rental market is very tight, but the investment returns are lousy (in my opinion) over the whole area. If your on to bargain, then grab it, and if you'd like an opinon of a certain street or area, then drop me a line, and I'd be happy to lend an opinion.
Personally, I like Gymea, it still retains the village atmosphere, is slightly off the radar and often has good priced old houses that can have dual occ potential.
regards
Luvvit.
Hard to answer that question as "gods country" (yes its a local call to heaven from here.....) covers a diverse area.
I live in Cronulla, by the beach and its exy, bargains do not come up very often, and the market is robust and active. Returns here are appalling for an investor (unless you want a good tax write off) but the cap gain is fine.
Sutherland on the other hand has infrastructure, such as the rail hub (trains go to sutho and then either branch out to waterfall or Cronulla), and the hospitals, and Miranda has one of the largest westfields in the country. Its cheaper than cronulla to buy, but again the returns leave much to be desired.
Both have a large amount of rentals, and the rental market is very tight, but the investment returns are lousy (in my opinion) over the whole area. If your on to bargain, then grab it, and if you'd like an opinon of a certain street or area, then drop me a line, and I'd be happy to lend an opinion.
Personally, I like Gymea, it still retains the village atmosphere, is slightly off the radar and often has good priced old houses that can have dual occ potential.
regards
Luvvit.
It's good to hear from a local
Hi Luvvit,
Thanks for your reply. I have just recently moved to the area and I am also a fan of Gymea, but I don't think I could afford a house in the area, probably just a 2 bedder unit. I think that 'The Shire' is a terrific spot, and I agree with your comments about the diversity of the area. My intention is to buy the best that I can afford in the best suburb I can afford, so I was thinking probably Wooloware or Cronulla, due to the proximity to the water. I have no doubt that values will continue to rise over time but I am trying to do things as smart as I can by avoiding buying at the top of the cycle. Do you think that now is a good time to be buying in this area?
Personally, I like Gymea, it still retains the village atmosphere, is slightly off the radar and often has good priced old houses that can have dual occ potential.
regards
Luvvit.[/QUOTE]
Hi Luvvit,
Thanks for your reply. I have just recently moved to the area and I am also a fan of Gymea, but I don't think I could afford a house in the area, probably just a 2 bedder unit. I think that 'The Shire' is a terrific spot, and I agree with your comments about the diversity of the area. My intention is to buy the best that I can afford in the best suburb I can afford, so I was thinking probably Wooloware or Cronulla, due to the proximity to the water. I have no doubt that values will continue to rise over time but I am trying to do things as smart as I can by avoiding buying at the top of the cycle. Do you think that now is a good time to be buying in this area?
Personally, I like Gymea, it still retains the village atmosphere, is slightly off the radar and often has good priced old houses that can have dual occ potential.
regards
Luvvit.[/QUOTE]
Sarcasm yo.
A free lunch at Zimzala's to anyone who wants to give me a 30min opinion of the area.
Only prerequisite it they own property there of course.
Only prerequisite it they own property there of course.
Having never been to Zimzalas, I guess the food isn't all that good there 
Having never been to Zimzalas, I guess the food isn't all that good there
Perhaps, or it could be the prerequisite
lol maybe I set the bar to high?
But really no point getting a property opinion from someone who does not have an IP or PPOR imo.
I been hearing a few complaints about some areas recently, mainly Gerale/Elouera strip.
But really no point getting a property opinion from someone who does not have an IP or PPOR imo.
I been hearing a few complaints about some areas recently, mainly Gerale/Elouera strip.
Hi PB,
What sort of complaints? Until fairly recently I lived in Cronulla for around six years and now have a PPOR in another part of the shire. I still get down there regularly. I wouldn't mind living in the area your talking about if I could afford something nice there. There are several drinking establishments in that area so there will undoubtedly be some alcohol related crime, but I have never felt unsafe when out. Another problem with those two streets is gridlocked traffic on summer weekends.
or maybe they don't want competition
That maybe true, but I don't think many here are looking for a waterview/front PPOR (house not unit) in the area.
On weekend nights it's noisy, dirty, drunks staggering home urinating, kicking garbage bins and other activities including sexual all around that area.
Go down Eloura from northies and you will see parties in many front lawns full of intoxicated people spilling out on the streets and loud music. Traffic is a PITA, but the least concern.
And it's quietened down now...
Can anyone tell me what issues may arise with a waterfront property?
Extra fees, taxes, environmental?
Extra fees, taxes, environmental?
