South West Sydney PPOR
I have had a read of the many recent South West Sydney posts which have recently emerged.
It seems that people generally agree that there will not be a huge amount of capital growth in this area in the next few years or more and it is probably not a great time to invest.
Although it is a growing area and well positioned in long term developments, close to inudustrial areas and badgerys creek.
I am currently renting in Sydney and have been happy to stay out of the heated market, recently purchasing 2 IP's in Brisbane.
I also have a PPOR currently rented out in Port Stephens, our plan was to hold this while we are in the no CGT 6 year threshold in case of any CG although I am expecting very little.
I am now considering selling the Port Stephens property to purchase another PPOR in Sydney which I have no doubt would eventually turn IP.
Possibly the Oran Park area as I will be working in Prestons. We could potentially live in it for around 5 years.
I understand that it may not be a great time to invest in the SWS market but given our circumstances and being in the position to pay no CGT on a growing area, would now be a good time?
Or do people see prices of HL packages actually dropping as the market cools down?
We cant afford our dream house yet, its something we are happy to work up to but I think that when its possible to place your PPOR in a growth area its worth taking advantage of.
I have had a read of the many recent South West Sydney posts which have recently emerged.
It seems that people generally agree that there will not be a huge amount of capital growth in this area in the next few years or more and it is probably not a great time to invest.
Although it is a growing area and well positioned in long term developments, close to inudustrial areas and badgerys creek.
I am currently renting in Sydney and have been happy to stay out of the heated market, recently purchasing 2 IP's in Brisbane.
I also have a PPOR currently rented out in Port Stephens, our plan was to hold this while we are in the no CGT 6 year threshold in case of any CG although I am expecting very little.
I am now considering selling the Port Stephens property to purchase another PPOR in Sydney which I have no doubt would eventually turn IP.
Possibly the Oran Park area as I will be working in Prestons. We could potentially live in it for around 5 years.
I understand that it may not be a great time to invest in the SWS market but given our circumstances and being in the position to pay no CGT on a growing area, would now be a good time?
Or do people see prices of HL packages actually dropping as the market cools down?
We cant afford our dream house yet, its something we are happy to work up to but I think that when its possible to place your PPOR in a growth area its worth taking advantage of.
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