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NSW Areas not to buy

Discussion in 'Where to Buy' started by Darlinghurst Boy, 6th Jul, 2015.

  1. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

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    Posts:
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    Location:
    Darlinghurst Sydney
    Dont really like to start a thread like this,but there are areas which are not so good from an investment point of view.
    Of course we all have our own opinion and ones may not be yours, but I have listed some I know and please give your opinion if you think I may be wrong or it could have potential for the future.

    Suburb- Walgett,situated in Country NSW .
    .doesnt seem to have a lot of investment potential or Capital Gain.

    Negatives-- .a lot of Govt housing , highest crime rate in Country NSW
    Unemployment, domestic violence

    Possible future positives --could be a high rental area as most dont own their own homes
    -- New Government assistance programs will bring Government workers
    And staff into the town.
    --- Town should change over time, property prices are extremely low which has the advantage of rising.
    Verdict-- very risky investment
     
    Last edited: 6th Jul, 2015
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  2. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

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    Location:
    Darlinghurst Sydney
    Suburb /town----SCONE nsw

    Situated in the upper Hunter Valley SCONE is known for its Racehorses .
    Even has a statute as you enter the Town of a famous racehorse.
    Has a Railway Station with services daily to Newcastle and Sydney.
    Approx 3.5 hours drive to Sydney .

    Negatives-I have mixed feelings on SCONE as some give negative reviews due to the closing if the mines and others say mines are opening up?
    --unemployment is high,mines closing, house prices are too exprnsive in my opinion.
    - most houses for sale start from the high 200's,seems expensive.
    1 bedroom units are advertised at 210k
    -some say oversupply of rentals?

    Positives and future--has a lot of Tourists during its horse racing season.
    Heard there are a lot of renters with transient life.
    Mines may open again.

    Verdict--- too high price for me at the moment but I guess it may have potential.
     

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    Last edited: 6th Jul, 2015
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  3. Biz

    Biz Well-Known Member

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    Location:
    Sydney
    Suburb- Darlinghurst,situated in inner city Sydney .

    Negatives-- .Drug problems, street walkers, noisy clubs.

    Possible future positives - Excellent capital growth because people like living near drug problems, street walkers, noisy clubs.

    Verdict-- Get high, get loose and buy up big!




    sorry :D
     
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  4. Be Developer

    Be Developer Property Developer Business Member

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    hahaha @Biz!

    did you mean Darlinghurst or Ambervale (near Campbelltown)?
     
  5. Pistonbroke

    Pistonbroke Well-Known Member

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    Location:
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    Possibly thinking of Kanahooka Biz.
     
  6. WattleIdo

    WattleIdo renovating Premium Member

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    Location:
    Central West NSW
    I spent a week there one day.

    Went on a great family holiday up the east coast of Australia with the family (Mum, Dad, brothers, sister, dog) in the Valiant. Unfortunately, the old bomb kept breaking down. Sounds like it hasn't changed.
     
  7. Pistonbroke

    Pistonbroke Well-Known Member

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    Location:
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    .

    Time just dragged on eh wattle?
     
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  8. Tekoz

    Tekoz Well-Known Member

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    Without having to go around at night or on the area, how can you know about the House or some other drug related issue ?
     
  9. JDP1

    JDP1 Well-Known Member

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    Location:
    Brisbane
    Knowing what/where not to buy is often just as important as knowing what to buy...same coin..just different sides.