Hi guys,
If you were given an opportunity to purchase a house of between 400 to 550k in Sydney right now, which suburb(s) will come to your mind first? Or perhaps, would you go West or go South or maybe South West?
Our instinct is telling us Mt Pritchard at the moment, not sure if thats a good thing or a bad thing :D
Haven't really been there before, maybe i ll drive around to see this weekend :)
@lokesh7 Ahaha you're dreaming at that price in westmead
I'd try and find a nice apartment/townhouse in the northern suburbs (Carlingford, Eastwood, Epping) or even the north shore (Turramurra, Pymble, Chatswood, Artarmon).
If you're looking for a house, I'd save up a bit more and buy in a 'better' suburb (in terms of crime rates, socioeconomic class, areas of high growth in property value, proximity to CBD, public transport options etc). I'd generally avoid the west and south west.
Agree with the sentiment, but in this market $400-$550k is 1 bedder money on Sydney's lower north shore which may be too small for OP
You won't get a house for that price
Yeah Im looking for something 3 beds, so almost no chance for northern suburbs, north shore would be like heaven. We have been renting in Ryde for 3 years, it is indeed a very good area to live in, but we got really tired of paying rent..
What about South, like Miranda and surroundings?
Well depends which you can offord and repay after home loan, also which has the most convenient location like train, shops etc. did you want to live next to family members?
I moved north shore (Turramurra) from Surry Hills. Haven't regretted it at all. Great if you have kids.
Maybe with your budget you could go a little further north and try Hornsby. There's places two streets away from Wahroonga and just because it's a different suburb the prices drop by a couple of hundred thousand.
Move to Adelaide and get a seriously nice house in one of our best suburbs…the Australian dream is all but over in Sydney these days unless you want to live in an area that might end up Sydney's second airport.
I think best bet is always to buy the house you want to retire into. While you work negative gear it and rent where is convenient for work/lifestyle then move in and never pay capital gains tax.
If your looking at Mt Pritchard, also look at Lurnea.
Do you commute? If city then think about Wollongong, you'll get beach suburbs with similar commute to Mt Pritchard and similar price.
Check out the new train line, maybe you can find a property which will appreciate faster when train line added.
Glenfield/Ingleburn worth looking at for value for your dollar, they are on a fast train line but considered a bit rough, i can see that changing as people have to move further out.
In Sydney best bet is probably to buy the biggest block you can as far out as you can. Maybe put a nice pre-fab Granny flat on it for $100K and rent it out for $250pw
I know a gem of a suburb that would fit OP's budget while still have good access to rail and transport - Hammondville. It's a very small suburb south of Sydney next to Wattle Grove/ Moorebank/ Liverpool. Have a look when you can, with 550k you could score yourself a 3-4 house.
There are plenty of areas in south west Sydney with recent developments over the last decade that are not riddled with crime like some people would have you believe. I would recommend the housing developments being built around the new south west rail line. The north shore is by far the best place to go. You do not want to be under crippling debt and it's best to start small and build up your equity from there. Good luck with house hunting!
Westmead?