Hi all, I've been thinking about purchasing an IP in NSW and am looking around South West Sydney and the Central Coast. I understand prices have come down in the last few years in South West Sydney but have been fairly stable in the Central Coast. Yields are similar for the properties I'm looking at. In my view: South West Sydney Pros Greater potential for growth given its part of Sydney? Benefit from infrastructure development in the west Transport and distance to Sydney Cons Slightly higher budget A bit run down Prices have come down in recent years but that's not indicative of future performance of course South West Sydney Pros Stable prices Nice environment Slightly lower budget compared to SW Sydney Benefit from migration from Sydney? Cons Far from Sydney Lack of growth? Want to get your view on which area would be better for IP: obviously I'm aiming for the holy grail of yield + cap gain Cheers
I agree with you. But what about from an investment point of view? Would your preference be different?
Jacko, Just to be really clear: when you say SW Sydney, are you talking about Liverpool specifically?