A Sydney suburb few think is 'hot' is facing similar problems to Hong Kong's crazy property market Curious about this suburb. Why has the price gone up so crazily? I thought it had a bad name with it, often associated with lower social economic groups and crimes?
The price has just gone up like all the Sydney suburbs, a high tide lifts all boats. * It's middle ring. *It has a train line and train station. And the train line will be converted to a metro with trains running to the city every 4 minutes, as long as the plans go ahead. I guess the people there maybe do work for cash more so than for other areas, thus the stated income is low.... I have one IP in the local government area and my previous tenant/s may have technically been classed as unemployed (I don't recall), but the husband procured cars cheaply, did them up and resold for a profit. Otherwise, people who bought preboom... houses in the area was only around 500k preboom. Those mortgages are not unaffordable by Sydney standards.
True. Plus, even refugees arrive with substantial bank balances these days. Not that everyone there is a refugee, not at all. Apart from being a thriving hub and very convenient, there are established families who like to live near each other.
Only when it makes the news - at if all of the dubious elements have magically moved away from the south-west. It's still there and ACA ET Al have better sponsored content to cover.
Did someone say Pho in Bankstown? My ear are pin back and listening when you are going to buy me lunch.
