Hi all. I am looking to buy one bedroom apartment + small study + car park + storage in Wentworth Point, NSW for myself. The asking price is 600K. The developer is Billbergia (no idea, if they are any good). Would anyone have any thoughts about getting a place over there? Thanks!
Buying property in Wentworth Point, NSW
Lsomebody123 on 26/09/2017 - 21:29
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Wife bought a 2bedder for $585k through Sekisui House a couple of years ago. There's a big oversupply of apartments in that area now, so you're sure to pickup a decent deal.
Any decent two bedder seems to be over 700K these days.
prices go up over time… and that was a couple of years ago (and sydney had that boom and great growth)
if so, end of the day - if the area is what you like, then go for it. given it's not your investment, then other factors come into play
Of course prices go up over time, my comment was just as a comparison (I should have made it clearer I guess), but also the rental market is getting hit at Wentworth due to the influx of new apartments hitting the market. If you're buying as rental, be prepared as many 2 bedders are renting for $500-520/week in the area (depending on the building)
@nafe - good day, I am first home buyer doing my research and found Sekisui which apparently is a Japanese developer and was intrigued.
IF you don't mind me asking, after living in a house built by Sekisui, was the quality good?
Just curious why you don't have a look at Strathfield or slightly more inner west. Yes they won't be brand new but better transport and closer to the cbd.
This units are made out of shoe boxes
I wouldn't waste my money there
Billbergia are a good builder developer. Just be conscious that all the buyers in wentworth point have traditionally been overseas investors.