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Where To Buy A House In Sydney?

Abo Bob

By Abo Bob,
in New South Wales

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NXTIME Grand Master

NXTIME

Posted
Posted

Adam,

I know the areas you are looking at well. And there have been a lot of good points made, especially with regard to public transport etc. I personally like Greystanes, but I don't use public transport, so that doesn't matter to me much. Merrylands is another option and in my opinion it is better than Granville, plus has a larger shopping centre (which is due to expand once the plans are finally approved). You may even consider a townhouse in the Holroyd Gradens area which is a new estate area close to the railway station and shops. Other factors that you need to consider are things such as crime rates and general safety and security.

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benm Grand Master

benm

Posted
Posted (edited)

My work depot is in Chester Hill, its surrounded by Woodville Rd, Hume Hwy and Parramatta Rd, couldn't ask for 3 busier roads really. That alone is enough for me to not like the area.

Then again, it took me over 6mths to realise I was driving past a golf course every morning because I used to arrive at work at 4am (now 5am) so i've only really seen it in the dark and peakhour traffic (7-8am when I leave my depot).

From what I have seen though the streets seem narrow, busy and the blocks seem smallish with plenty of run-down houses.

Edited by benm
TommO Grand Master

TommO

Posted
Posted

Agreed with what's been said, if you want to live in hills district (areas blk180 and ecr033 mention), allow at LEAST an hour into the city.

If I leave at 7am from baulkham hills I often get to work at 8:30am!!

If you want to keep your travelling times down, aim for somewhere near the train line (45mins from hills area to the city), or move closer :D

  • 2 months later...
impact_blue Grand Master

impact_blue

Posted
Posted

This has all been helpful for me. With the amount Bunta and I already have, it's going to be cheaper for us to buy than rent in Sydney.

I hope everything goes well with it from here on in :D

N1GTR Grand Master

N1GTR

Posted
Posted
This has all been helpful for me. With the amount Bunta and I already have, it's going to be cheaper for us to buy than rent in Sydney.

I hope everything goes well with it from here on in :ninja:

Im happy to help you out if you need any help on this sort of thing

Beer Baron Grand Master

Beer Baron

Posted
Posted
This has all been helpful for me. With the amount Bunta and I already have, it's going to be cheaper for us to buy than rent in Sydney.

I hope everything goes well with it from here on in :ninja:

i would think very carefully about this. at the moment you can rent in a very nice place for less than the interest on the mortgage on said place.

I have done both and I currently own an appartment in a desirable suburb in the city area. I never have trouble leasing it out, but the rent doesn't even cover the interest on the mortgage (well it almost does), and I'm charging $380 per week. AND I paid 20% deposit on the place so only borrowed 80%. Dont forget (if strata title) you will also have to pay into sinking fund, and other strata levies, home insurance, council rates etc. none of which you would have to pay as a tennant. The only downside is you dont make any capital gains and you lose some negative gearing benefits.

N1GTR Grand Master

N1GTR

Posted
Posted
i would think very carefully about this. at the moment you can rent in a very nice place for less than the interest on the mortgage on said place.

I have done both and I currently own an appartment in a desirable suburb in the city area. I never have trouble leasing it out, but the rent doesn't even cover the interest on the mortgage (well it almost does), and I'm charging $380 per week. AND I paid 20% deposit on the place so only borrowed 80%. Dont forget (if strata title) you will also have to pay into sinking fund, and other strata levies, home insurance, council rates etc. none of which you would have to pay as a tennant. The only downside is you dont make any capital gains and you lose some negative gearing benefits.

Is that the one you manage by yourself?

Or have you got an agent for it?

Beer Baron Grand Master

Beer Baron

Posted
Posted

steve this one I manage myself. no need for agent (sorry guys!). :ninja:

the current lease runs out at the end of the year and I will be putting the rent up. but not by much as I'm already doing very well rent wise for the area/size/etc.

also the negative gearing gains are aractive for me atm as I pay a lot of tax. but i would always rather a property that was cashflow positive and then find another way to minimise tax.

siddr20 Grand Master

siddr20

Posted
Posted (edited)

AHHH you moved to sutho eh.. heheh nice we got another SHIRE BLOKE!!

hope to see you around as well as your car..

So did you buy a house or a unit??

You made a good choice btw..

Easy access to shops, public transport and best of all you can now go clubbin at the seedy club called hunters lol hahahah

Edited by siddr20
impact_blue Grand Master

impact_blue

Posted
Posted
Im happy to help you out if you need any help on this sort of thing

Thanks mate :/

i shall call you bilbo baggins.

:P

i would think very carefully about this. at the moment you can rent in a very nice place for less than the interest on the mortgage on said place.

I have done both and I currently own an appartment in a desirable suburb in the city area. I never have trouble leasing it out, but the rent doesn't even cover the interest on the mortgage (well it almost does), and I'm charging $380 per week. AND I paid 20% deposit on the place so only borrowed 80%. Dont forget (if strata title) you will also have to pay into sinking fund, and other strata levies, home insurance, council rates etc. none of which you would have to pay as a tennant. The only downside is you dont make any capital gains and you lose some negative gearing benefits.

Thanks heaps for that! Very handy to have all this extra advice!

Andy's sister and brother in-law are land valuers and currently own several million dollar blocks, so they're giving us tips etc. It's just hard not being able to see properties as often as we'd like to (in Sydney that is). Chances are, we won't have enough time with starting new jobs etc. to actually FIND a decent place to buy, so we'll just end up renting :mage:

Sinful Grand Master

Sinful

Posted
Posted
Adelaide is cheap, you can get brand new 4br on 1/4 acre for $350k.

Or if you want sydney prices our neighbours are selliing 1.1m 3br on 1.4 acre.

Yeah I so know and love adelaide prices but I think its were you go to retire as nothing really there

Try the northern beaches, that sort of money could get you a deposit on a house, or even a 1br unit on a main road.

House prices are a joke in Sydney.....

Yeah North shore, northern beaches is really nice but a bit pricey .The house prices are a joke here but cant be helped.

We are thinking of moving to Gordon even Ryde, Castle Hill isnt to bad if you look around.

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