NSW Central Coast vs SW Sydney

Discussion in 'Where to Buy' started by Jacko, 12th Mar, 2020.

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  1. Jacko

    Jacko Well-Known Member

    Joined:
    21st Nov, 2019
    Posts:
    99
    Location:
    Melbourne
    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 :D

    Cheers
     
  2. Andrewjh

    Andrewjh Well-Known Member

    Joined:
    21st Sep, 2019
    Posts:
    72
    Location:
    NSW
    I've lived in both and I know where I'd rather raise a family... And it's not SW Syd
     
    GenericName and David_SYD like this.
  3. Jacko

    Jacko Well-Known Member

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    21st Nov, 2019
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    Location:
    Melbourne
    I agree with you. But what about from an investment point of view? Would your preference be different?
     
  4. John_BridgeToBricks

    John_BridgeToBricks Buyer's Agent Business Member

    Joined:
    25th May, 2018
    Posts:
    1,201
    Location:
    Sydney
    Jacko,

    Just to be really clear: when you say SW Sydney, are you talking about Liverpool specifically?
     
  5. Jacko

    Jacko Well-Known Member

    Joined:
    21st Nov, 2019
    Posts:
    99
    Location:
    Melbourne
    Hi John,

    I was thinking areas like Campbelltown.