NSW Buying in Established vs New Suburb

Discussion in 'Where to Buy' started by WhereismyHouse, 6th Feb, 2020.

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  1. WhereismyHouse

    WhereismyHouse Member

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    I am sure this has been discussed before and some would say it's a personal choice, but still want to go ahead with this question.

    What would you prefer

    1. Buy a 2bed unit/townhouse in Epping/MacquariePark etc ( old style) for 900k
    2. Buy a house in the far west like Schofield, Kellyville ridge.vetc

    I have been suggested, those good suburbs will always retain their value plus will appreciate more as everyone wants to live their( high demand)

    Assumption : This is the first property to buy in Australia

    Thoughts please?

    Cheers
    -M
     
  2. Property Twins

    Property Twins Mortgage Brokers, Buyers Agents & Mentors Business Member

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  3. WhereismyHouse

    WhereismyHouse Member

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    Sorry, should have mentioned. Owner-occupied. But looking for decent capital growth as well.
     
  4. Trainee

    Trainee Well-Known Member

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    But you are comparing townhouse to house.

    A better comparison might be schofields etc v house in seven hills etc
     
  5. WhereismyHouse

    WhereismyHouse Member

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    I am trying to compare an established location vs a new one for PPOR. why I choose Epping and Macquarie is because I understand it has good schools, proximity to the city and I have seen most of the properties going above the reserve
     
  6. richy

    richy Active Member

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    I'd like to revive this thread as I am in a similar position as OP albeit a lower budget (700-750k). I have narrowed down my choices to:

    1. Townhouse in Dundas/Telopea (I currently live in Ryde but I can't afford a townhouse there so I looked at the surrounding area. We decided not to go for an older apartment unit.)

    2. Schofields H+L package within 1.5km from the station

    3. New H+L packages near Tallawong Station in Rouse Hill.

    This property is for PPOR. Any thoughts in terms of livability, sense of community, safety, demand, capital growth would be appreciated. Thanks!
     
  7. Trainee

    Trainee Well-Known Member

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    The two most important you havent mentioned.

    supply
    do you want new

    if you say you want the brand new house, its your life.
     
    Last edited: 18th May, 2020
  8. richy

    richy Active Member

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    Thanks @Trainee for your response. I am actually aiming for secondhand townhouses in Dundas/Telopea that are at least less than 10 years old if we can find any.