Hi all. We have been looking on and off in Penrith area (South Penrith, Penrith, Kingswood, Jamisontown) for the last few weeks. It is going crazy there. Houses gone in the matter of hours not days. Any of you guys are buying there? Any of you guys are selling there. I have noticed that the vacancy rate has gone up a bit and the rent has gone down as well. Any other observations?
We want to buy as investment first and then move in after 3-5 years. Really do not know we should buy now or wait for a little while to see if it is going to calm down. Or simply just buy in Katoomba where the market is still quite flat.
Cheers.
We want to buy as investment first and then move in after 3-5 years. Really do not know we should buy now or wait for a little while to see if it is going to calm down. Or simply just buy in Katoomba where the market is still quite flat.
Cheers.