It does not work like that here on the SS forum, Alex. (welcome btw)I wanna buy 2 bedroom unit around 300k$ for investment in sydney.which suburbs do you recommend?please advise me
True.It does not work like that here on the SS forum, Alex. (welcome btw)
If you want free info, then do some of your own research, and come back and post "I've discovered x, y & z suburb units for under $300K, anybody have any thoughts on which would be better?"
This will get you some decent responses.
But no-one is going to do all this research for you
And its 4.2% here which ties in with the title of the articlethe top five suburbs for sales under $300000 were Liverpool, Blacktown, Mount Druitt, Penrith and Lakemba
For example, in Sydney, the top five suburbs for sales under $300,000 were Liverpool, Blacktown, Mount Druitt, Penrith and Lakemba.
But in Liverpool only eight of the 303 sales were houses, the rest being units. This was the case in every suburb in the top 20, except Gorokan in the Wyong area, which had 142 house sales and 35 unit sales.
In NSW regional areas, the figures showed almost the opposite.
In the regions, which included Dubbo, Orange, Goulburn and Taree, the number of house sales was considerably higher than that of units. The only places where units outnumbered houses in sales under $300,000 were the coastal towns of Port Macquarie and Coffs Harbour.
But price is not the only factor, especially for investors. Rental outlook and eventually a capital gain are other considerations.
Valuation firm Herron Todd White's recent monthly review, which looked at where investors were buying, confirmed most investment properties on the mid-north coast's main regional towns, such as Forster, Taree, Port Macquarie and Kempsey, were priced under $400,000 and rent for $150 to $400 a week gross.
Yes indeed, the Landing Project will be one piece of work!Considering Gosford myself - especially if the waterfront development takes off.
This is NSW. It'll never happen. (Or if it does, it'll go bankrupt within 1 yr.)Yes indeed, the Landing Project will be one piece of work!
My IP in Ambarvale (near Campbelltown) standard 3 bedder is rented for 380K...nothing flash mind you but near the giant Macarthur Square...you could try South West Sydney ...don't be afraid to venture out...
Thanks VirgoHi Mona Lisa
I have Ips in both Western Sydney and South West Sydney myself....i think when you say west sydney it covers a wide area..??
My favourite area is around the Parramatta surrounds...rents are very strong and my IP (in Greystanes) never remain vacant...
I know there are many investors who have ventured into the Mount Druitt area and are doing well too...but for me, i have not been there myself..
End of the day, whether it is West or SW Sydney, it all depends on the deal and also whether you want a bit of diversification...
Hope that helps