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Of course everything always looks overpriced when you're buying, but when you look back after owning for 10+years, we all say we wish we had purchased more of them at the time.Thanks Prop, I was looking at Lidcombe and Strathfield but everything looked overpriced.
Yes, I would mind.Would you mind being a little more specific on what parts of inner west were you referring to?
Of course everything always looks overpriced when you're buying, but when you look back after owning for 10+years, we all say we wish we had purchased more of them at the time.
Yes, I would mind.
We buy a number (starts with "A" ends with "LOT") in the Inner West and are having a difficult (but moderately successful) time doing it.
Riverstone already has a station
I had money on a H&L in Riverstone 2 months ago for 585k and when the rate got cut they started selling them for 685k..unfortunately due to dodgey *** developers and bad clauses in the contract I backed out..
You can put your money in NW and not lose imo. People willing to pay a crapload of money to live there.. SW growth centre has a cap in how high it can go I reckon. Thats just purely an opinion based on the fact that I live in SW and don't think people would be willing to pay 700k for a small 4 bedroom house on 300sqm with a single garage
I think the major issues i'd have with Riverstone compared to Schofields, Marsden Park and The Ponds is that Riverstone doesn't have a gigantic developer going in there and making proper estates. It's just a small dodgy development company atm thats building estates between houso homes and old ugly homes..these smaller companies are also using crappy builders like Eagle homes..
That median is around the 550k mark but is only getting high because of new builds and farms.. A $1m property will take you further than the 675k H&L but obviously check out the zoning and how much of the land you can use..
One of my friends who lives in the Ponds had someone try break into her house last night. Apparently break ins happen every week
All the OTP packages have clauses that are favourable to developers. You cannot do anything about it as they are all selling like hot cakes for the last 2 years. I would stick with large developers like Mirvac, Stockland, Australand etc just for you to sleep easy.
The Ponds is already sold out (new lands of course). Schofields and Marsden Park have both Mirvac and Stockland either selling or going to sell H&L packages. There are major master plans for both suburbs.
Seriously, can you throw a dart and achieve growth anywhere in Syd at the moment
Mtr
Some people have commented the outer south west hasn't moved as much as places like mt Druitt . So Liverpool and beyond might be worth a look . Jacquesland has moved .
Cliff
The horse has bolted there as well.
Ruse/Raby/St Andrews/Leumeah/Woodbine easily gone up 10% in the space of 2 months...still kicking myself for not delaying my overseas trip now I've gotta find an extra 50k from somewhere to buy something there.
Why do you have to buy there?