Western Sydney to outgrow the nation
- Thread starter Propertunity
- Start date
That and Nathan.
This doesn't surprise me right now though time will tell now that the SD concessions have disappeared for FHB's. First week back I've enquired on about 7 new listings for one particular client in the Blacktown LGA, only to learn 4 of them have sold already (all listed in last two weeks) So much for the weak market... 
The popular picks are still houses in the sub $400K price brackets. Yields strong though keep in mind Virgo's yield includes a g/flat so certainly isn't typical of what is out there
The popular picks are still houses in the sub $400K price brackets. Yields strong though keep in mind Virgo's yield includes a g/flat so certainly isn't typical of what is out there 
Have been saying this for years...
This region I want to go up yet at the same time I want it to stay stable as I like being active out there.
I think there is some massive growth roper ties in this pocket and fear within 3 - 5 years that property investment out there will look vastly different.
This region I want to go up yet at the same time I want it to stay stable as I like being active out there.
I think there is some massive growth roper ties in this pocket and fear within 3 - 5 years that property investment out there will look vastly different.
keep in mind Virgo's yield includes a g/flat so certainly isn't typical of what is out there
Think her $530 is 2 x half houses at $220 each and garage leased to a tradie for $90 per week. Granny flat will be on top of that again.
Personally I am not a fan of the "cram a granny flat out the back" phenomena. Everywhere you look on the rentals on RE/Domain and the houses that hang around for rent or that come up for re-tenanting all the time are all the ones with "granny flat in the backyard leased seperately". Family renters dont like someone livinig in the backyard. And landlords trying to get $300pw for a granny flat when a house isn't much more.
Maybe I am short sighted, but I see GF's as a gimmick that ends up making good houses unappealing to much of the rental market. Short term gains for long term pain.
I know this is my first post and all but, have been researching real estate for the last few years and have lived in Blacktown all my life.
There is no doubt that there is money to be made in blacktown the in coming two years.
You can pickup a house on 700m2 for around 320 - 360 depending on the day and opportunity + how quick you are + seller circumstances.
Looking at the couple of suburbs east of blacktown towards Sydney. Seven hills and toongabbie, both have increased within the last few years. Blacktown, lalor park, doonside and marrayong are next on the list. Estimate a likely 50k CG within the next two years.
After Parra, Blacktown is set to be the next major hub along the western sydney train line.
No harm in throwing a granny flat at it if tennant are willing to put up with each other. Will turn it postive cash flow if the block is good and all sewrage and easments are clear.
Don;t think you can go too far wrong with good old blacktown right now. It's finally getting it's 15 minutes of fame soon, I think.
Just my 2 cents.
There is no doubt that there is money to be made in blacktown the in coming two years.
You can pickup a house on 700m2 for around 320 - 360 depending on the day and opportunity + how quick you are + seller circumstances.
Looking at the couple of suburbs east of blacktown towards Sydney. Seven hills and toongabbie, both have increased within the last few years. Blacktown, lalor park, doonside and marrayong are next on the list. Estimate a likely 50k CG within the next two years.
After Parra, Blacktown is set to be the next major hub along the western sydney train line.
No harm in throwing a granny flat at it if tennant are willing to put up with each other. Will turn it postive cash flow if the block is good and all sewrage and easments are clear.
Don;t think you can go too far wrong with good old blacktown right now. It's finally getting it's 15 minutes of fame soon, I think.
Just my 2 cents.
My 2cents, I am a strong believer in price relativity, why will you pay more in the long run for a house further away from the city/transport etc? When prices in the greater west start to outstrip those closer to town, the buyers will move on and prices will stabilise/crash.
Blacktown? Might get another 15 mins when somebody's mugged and beaten there.
Fast train can take you to the city in just 33 mins! Where else can you find a 700m2 property around 400K mark within 33mins away from the city??
Really!!!!
Can you please expand on your fear? How do you think it will change things?
I'm already seeing some houses getting very close to the $300K mark, and some of them aren't like the knock down rebuilds, just renoed houses.
Thanks.
