NSW $1m budget - Invest in Parra/Westmead or Hurstville/Penshurst

Discussion in 'Where to Buy' started by Adrian_91, 6th Jul, 2021.

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  1. Adrian_91

    Adrian_91 Member

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    If you had a budget of $1m and looking for a free standing house (not townhouse), would you rather buy in Parra/Westmead area or Hurstville/Penshurst??

    That's assuming I can find a house for that price around Hurstville. Most likely I'll have to look around cheaper suburbs on the Illawarra T4 line like maybe Banksia or Como.. somewhere around there.

    Basically this is a T1 Parramatta vs T4 Illawarra contest. And I'm only thinking in terms of finance and 5 year profit, not emotionally.

    So which one would you go for?
     
  2. Chabs

    Chabs Well-Known Member

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    I don’t think you can find land with a burnt down house for that price in Parra
     
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  3. Adrian_91

    Adrian_91 Member

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    Fair enough, then the battle has to be shifted towards Auburn/Granville which is definitely cheaper, or more West towards Wentworthville.

    But yeah good point, I guess what I'm trying to ask is $1m - T1 West or T4 Illawarra better?
     
  4. scientist

    scientist Well-Known Member

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    granville
     
  5. beachgurl

    beachgurl Well-Known Member

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    I think it depends on who you want your tenant demographic to be. East of Parra would be cheaper than West, but go pay the areas a visit, including the local supermarkets.
     
  6. Spad

    Spad Well-Known Member

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    Do you have a time machine?
     
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