What's gonna stop the Sydney boom?

Discussion in 'Property Market Economics' started by ej89, 27th Apr, 2015.

  1. JohnHenry

    JohnHenry Mister

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    Cliff,

    I don't means to disrespect you, but I'm curious to know how and where did you get the information that Mt. Druitt won't be gentrifying ?

    I've searched in this website: http://www.urbangrowthnsw.com.au/ but there is now result returned.
     
  2. see_change

    see_change Apprentice Timing Lord

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    Because it's in the middle of the outer western suburbs . It has no distinguishing geographical features .

    It's a long way for the city.

    It's still has a significant level of housing commission property's.

    It is very much at the bottom of the Socioeconomic ladder and I see no reason why that will change .

    I first worked out there 30 years ago and have spent a total of over twenty years working out there and I've seen absolutely no change since then .

    One of the last social challenged suburbs to gentrify in Sydney is Redfern and that's one suburb out from the centre of the city and that's really only just changed significantly in the last decade .

    Why is a non descript suburb with a whole pile of social problems , no specific convenience or geographical attractiveness suddenly going to move upmarket ?

    There is no logical reason when there is lots of new land to be developed out there ....

    Cliff
     
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  3. JohnHenry

    JohnHenry Mister

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    Ah cool, that does makesense Cliff.
    I appreciate your response and explanations.

    Many thanks for sharing it with us here.
     
  4. windyzz

    windyzz Member

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    Make sense... Thanks for the information.
     
  5. unloadmymind

    unloadmymind Member

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    It has a train station
     
  6. see_change

    see_change Apprentice Timing Lord

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    So do many other places in Sydney :cool:

    Ahhhh

    The train station .... Great place to get mugged in the evening :D

    Reminded me of the old waterworks " fun park " that was there many years ago . Had to close due to cost / risk of litigation .

    Friendly people used to put razor blades in the walls of the water slides . Saw a few nasty lacerations while working in cas from those ... Fun days .

    Cliff
     
  7. 2FAST4U

    2FAST4U Member

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    I think a lot of suburbs get labelled as gentriying when the only reason they increased in value was the domino effect from other suburbs increasing. That's my take on Mount Druitt.
     
  8. unloadmymind

    unloadmymind Member

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    give it time. the state government will sell off those housos and let developers take over.
     
  9. The Falcon

    The Falcon Member

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    Geez I thought that was an urban myth !
     
  10. JohnHenry

    JohnHenry Mister

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    yeah but how long ?
    I've been waiting for the one in Riverstone to be fully closed down so that my H&L package property could grow into a million suburbs like Baulkham Hills :)
     
  11. see_change

    see_change Apprentice Timing Lord

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    unfortunately no .

    Saw several myself .

    Cliff