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NSW Camellia / Rosehill / Clyde / Granville - NSW

Discussion in 'Where to Buy' started by C-mac, 19th Jul, 2015.

  1. C-mac

    C-mac Well-Known Member

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    Hi folks,

    Just caught a cursory glance at this news piece on industrial area Camellia, about 2KM east of Parramatta CBD:

    http://www.smh.com.au/nsw/industria...t-to-become-new-neighbourhood-20150718-gicvdq

    Wishing I hadn't sold my north Granville unit earlier in the year, now!
    Still, neighbouring Rosehill has some great house and apartment stock already, and some actually pretty quite streets nestled in an otherwise busy and noisy grid. Could Rosehill see good gains in light of the light-rail and general cleanup and development of neighbouring industrial areas?
     
    Gibson likes this.
  2. wombat777

    wombat777 Well-Known Member Premium Member

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    It will always have a stigma amongst people that know the history. Once the cleanup is done, plenty of unknowing buyers will still buy.

    One thing that might in time help is the extension of the line to Epping or replacement with light rail.

    I rented at Telopea from '96 to '02. Line extensions were being talked about then but never eventuated.
     
  3. WattleIdo

    WattleIdo renovating Premium Member

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    Would be good to see the end of those smelly smoke stcks. I hope they keep some of the industrial aspect though. It can be attractive when it doesn't smell, make a noise or affect health.
     
  4. Gibson

    Gibson Well-Known Member

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    The toxic legacy of Rhodes hasn't stopped that area from booming. Just watch how they frame the redevelopment of Camelia... Words like 'peninsula, waterfront'
     
    Gingin likes this.
  5. larrylarry

    larrylarry Well-Known Member

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    I see great potential and surrounding areas.
     
  6. Chilliblue

    Chilliblue Well-Known Member

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    The mayor is focusing on the river and jobs
     
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  7. larrylarry

    larrylarry Well-Known Member

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    And for that matter, newington.
     
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  8. Be Developer

    Be Developer Property Developer Business Member

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    I m loving the parramatta development.

    Council have been pumping money in to parramatta over last 10 year.

    Fringe suburbs of parramatta is been ticking along nicely, be it greystanes, westmead, nortmead,ermington, cameila, Rose hill and Harris park.
     
  9. larrylarry

    larrylarry Well-Known Member

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    @Be Developer do you currently have development sites in Parra LGA?
     
  10. Be Developer

    Be Developer Property Developer Business Member

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    @larrylarry

    I personally don't have any..I sold one last year.

    We are managing build for couple of clients in various Western sydney council ATM.
     
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  11. Tekoz

    Tekoz Well-Known Member

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    yes, I agree, what about Breakfast Point ? it used to be the waste area but now it has become one of the new elite suburb in Innerwest :)
     
  12. Pistonbroke

    Pistonbroke Well-Known Member

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    So was Waterloo, (not so) Green Square etc.
     
  13. Gibson

    Gibson Well-Known Member

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    Actually Breakfast Point is on the site of the old Australian Gas and Light (AGL) plant at Mortlake which is in Canada Bay Council. It was there from the early 1900s until the late 1990s. Large chunks of Upper Parramatta River have lost its industrial heritage. I grew up on the muddy bays around there!!
     
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  14. Tekoz

    Tekoz Well-Known Member

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    Yeah I know, I was about to buy one in Breakfast Point (by Rose developer) but it was already expsive and most of the advice in the SS forum were against OTP apartment in general.

    I'll look around in Meadowbank next week.
     
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  15. larrylarry

    larrylarry Well-Known Member

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    Massive site for development in Parramatta.
     

    Attached Files:

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  16. Tekoz

    Tekoz Well-Known Member

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    Yeah, that's why some people think that it is always a good buy to invest in Parramatta area.
    isn't that right @WinDyz. :eek:

    But not OTP property otherwise @sash might come and laugh at me so hard ....
     
  17. sash

    sash Well-Known Member

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    Actually one development IF you would have bought 2 yrs ago you would have made money now!

     
  18. Tekoz

    Tekoz Well-Known Member

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    @sash Yeah, I should've bought that one 2 years ago.. (-_-)"..
    but back then I wasn't actively looking.
     
  19. C-mac

    C-mac Well-Known Member

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    Parramatta could be at risk of oversupply in the next 24 months.

    But it is these areas around parramatta - well connected and convenient commuting to both parramatta and Sydney's CBD's, that could grow well in the next 10 years (I.e. next Sydney cycle).
     
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  20. larrylarry

    larrylarry Well-Known Member

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    a radius of 5km from the centre of Parramatta?
     
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