Hey guys. Funny Coastal's dug this old post out. I'd even forgotten about it. But reading it again makes me remember all to well now ;-)
We actually drove by the Ponds 2 weeks ago and its looking like quite a nice area. The train line in 2019 will make a big difference although it will require a change in Chatswood.
The figures
620k would have got 480 sqm. Lets say $650k as these things always go over. Now the same block would prob be worth $850k. Putting it like that does hurt a bit ha ha.
What we did do was buy a house in Marayong 800m from the station for $435k. Reno'd it and put a GF on for $165k. So outlay was $600k. The house rents at $430pw, the GF at $370pw = $800pw.
The block now I'm not sure what its worth - say $650k. So not the kind of growth we may have had from the Ponds.
In terms of living there I'm glad we didn't go for that option. Its just too far and for us there's not much to do out that way. Another Kellyville as Beachgurl points out
Maybe would have been better off buying there as an Investment though. What do you reckon from the above figures? Am I a total failure and should i check myself into an asylum as EJ89 says (sob sob)
?