NSW Greater Sydney suburbs under $550k, for FHB?

Hi All,
Thank you in advance.
I have recently created my account on PropertyChat and this is my first post here. Are there any suburbs in Greater Sydney with house prices below $550,000 that can suit FHB (First Home Buyer) with non-school going kids (under 5 years age).

 

Mt Druitt area is doable

 

any particular suburbs in that area that you think should be a good starting point to search?

 

Lethbridge Park, Dharruk, Shalvey, Tregear

 

House and land in Cambridge Park and Gardens is still very possible, we helped a FHOB earlier this year. If you are lucky you might be able to get into Werrington as well.

 

You may be able to find units in Merrylands, Wentworthville, Pendle Hill, Girraween, Toongabbie.

Just don't buy OTP as valuations won't stack up.

 

The mt druitt suburb itself. Although you may get a townhouse for that amount because units are now pushing towards 400K there.

Try to stay in mt druitt avoiding the greater mt druitt

 

Thanks Tony, it is very encouraging to know that there is still some hope.

 

Staying away from OTP is a good advice. I am not interested in units at all. Are there suggestions around houses plz?

 

In which case... stick with Mt Druitt area if you can. Good luck

 

Next suggestion would be looking at Kingswood (around the vicinity of the NEPEAN Hospital) and Penrith (South of the train line). You would be able to find a decent 3br townhouse or villa within your price range.

Houses - as Gockie suggests, you'd need to look at Mount Druitt 'satellite' suburbs (not Mount Druitt itself).

 

Not possible for 550k. Hence my suggestion

 

If you want a large block of land in a livable house that doesnt need extensive reno you wont be able to find anything for that price.

If your lucky in Willmot, tregear, shalvey etc....Mt Druitt you wont get anything for $550k that I personally would live in in terms of whats been done to the house itself.

(i.e) Below example. Interior has been fixed and outside looks decent. It will sell for the upper range of that so probably close to $700k. For $550k no chance to get something like that.

13 Sage Street Mount Druitt NSW 2770 - House for Sale #126848086 - realestate.com.au

Cheaply renovated Willmot place. This will sell for around $550k.

Willmot address available on request - House for Sale #123746294 - realestate.com.au

Something like this in Tregear sold for $610k which is already $60k above your price bracket.

33 Mawson Road, Tregear, NSW 2770 - Property Details

Affordability is the MAIN driving factor now in Sydney. I was talking to an indian colleague today at work. He's on very very good coin and raising 2 kids under 5. Wife doesnt work. He has been trying to save $100k deposit for years and years still hasnt got there.

There is not much choice now even for people making well over $100k a year. Too many life expenses and bills etc....Just deposit money + duties and all the other fees its crazy.

 

Lurnea!!!!
Lurnea!!!!

next toLiverpool

And I put my money where my mouth is.

Real Estate & Property For Sale in Lurnea, NSW 2170 (Page 1) - realestate.com.au

5 Minutes to Liverpool station 5 Minutes to Casula station. 5 Minutes to Westfield

Train to City in 40 Minutes during peak.

 

Nothing in the $550k bracket that is free standing and livable on the first 2 pages of listings. Most over $700k

 

@ZeGe

Also in Lurnea 10 Child care centres within a few minutes drive 3 of which are brand new 2 storey centres

 

I just bought my place for a tad over $600k 556SQm 3 bedroom

Next door to my IP just sold(under offer) I cant see price but the agent told me I should have waited as this one went for less than mine.

So high $500k is achievable.

40 Marie Street, Lurnea, NSW 2170 - View Sold History & Research Property Values - realestate.com.au

This is the one a few doors down. I will see what it sold for Advertised $630k and u. Agent told me it was below that.

 

But is it a right time to buy at all? Won't market go further downward even in these suburbs?

 

If you go in hard, you may find something in the Mt Druitt suburbs, as a few have mentioned, but if that's not to your liking, try Ambarvale area. There's a few cheapies there, or maybe this one which I prefer to the older, ex-housing commission Liverpool suburbs:

36A Marsh Parade, Casula, NSW 2170 - House for Sale #126594186 - realestate.com.au

 

Second that for Kingswood and Penrith area. Also, there is the University of Western Sydney in the area and think it's the only area close to a university that's affordable.