On the down side Auburn now has the highest level of mortgage stress in Nsw (50.8% of residents)
Why is that a downside? When you hear an area has mortgage stress your antennae should be perking up.
Alex
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On the down side Auburn now has the highest level of mortgage stress in Nsw (50.8% of residents)
Downside meaning potential downside in current prices .
Some may argue upside constraints due to clear affordabillity issues with local demographic.
That's the great thing about property. There is no such thing as a current price. It changes because most of it is just in the heads of buyers and sellers.
If there is downside to current prices, don't pay current prices.
eternit stay away from cabramatta! since 04 its gone down hill big time do your research high crime area and low income.
eternit stay away from cabramatta! since 04 its gone down hill big time do your research high crime area and low income.
not sure about rental though id assume its nothing to write home about.
yes i live close and i have family there, how much and whats changed.
and dont give me media and govt stats that say otherwise (beauracratic lies)as any investor willing to go there for an hour will still see drug runners doing biz while police are 50mtrs away.
maybe it has improved a little but its still a high crime area
compared to .....................................................................................................................................................................................................................................................EVERYWHERE!
oh i knew you lived in cabra!
yeah everywhere but puncbowl auburn mt druitt etc you know the list
all of south western and most of western sydney could be considered "high crime" and "lower income" areas, compared to what though? Mosman?
There's crime in Mosman and there's crime in the southern and northern suburbs, the media just love to report on the west.
Heres a true story ....
A chap I used to know with a bad scar on his face put it to me like this " I grew up in Liverpool and never had a problem, came to Turramurra for the first time and got my face slashed with a knife"
Cheers
It can happen anywhere - there was that stabbing at St Ives last year as well.. Hornsby has its share as well
And where I live.. Maroubra, its expensive but dangerous. The price tag doesn't always reflect how safe an area is. JCDeceaux the bus shelter company has to hire private security guards in Maroubra to protect their bus shelters from being smashed!