NSW Greater Western Sydney- First Home

Discussion in 'Where to Buy' started by abi1, 7th Jan, 2020.

Join Australia's most dynamic and respected property investment community
  1. abi1

    abi1 Member

    Joined:
    7th Jan, 2020
    Posts:
    22
    Location:
    Blacktown
    Hi All,

    We are new to Australia (and this forum too) and we live in Blacktown. We want to buy a 3 bed house. and our budget is $720 (max). It'll be PPOR.

    We are considering the following suburbs:
    Blacktown
    Quakers Hill
    Rooty Hill

    Any thoughts on these suburbs? Crime, Schools etc (we have a 2 year old).
    We 'may' change this to a rentvestment in the future.

    We also just started looking at newer suburbs like Schofields and Marsden Park but cannot find a good house and land for our price range especially in Schofields which is closer to CBD, (they seem to be 750K and above). I dont understand why its so expensive there especially since half of the suburb is still under construction. But then I am thinking once the metro is extended then prices may go up even more. Ideally want to buy somewhere with some decent growth especially if we decide to change it to an investment.

    Should we look at other suburbs?

    Thanks
     
  2. ndpjai

    ndpjai Well-Known Member

    Joined:
    15th May, 2016
    Posts:
    184
    Location:
    Sydney
    Hi

    For crime statistics pls visit Crime Maps | BOCSAR
    For schools- Quakers hill decent, have a look https://bettereducation.com.au

    If you can buy in Quakers Hill, better than the other two. Second choice, look for better side in blacktown as its growing as well, will be attractive when you rent it out later.
     
    freyja likes this.
  3. Thomacino

    Thomacino Well-Known Member

    Joined:
    9th Nov, 2018
    Posts:
    129
    Location:
    NSW - Sydney
    Structural and capital works does not qualify when the age of the dwelling is pre 1987. There are lots to think of if you intend to convert it to an IP in the future. - consult a tax specialist for specific requirements.

    Region wise, I am biased growing up in the north shore. As ignorant as it may sound and despite the gentrification of the three suburbs there is a negative stigma associated with the suburbs. Not quite 'ghetto' but would be an improved version.
     
  4. Trainee

    Trainee Well-Known Member

    Joined:
    24th May, 2017
    Posts:
    4,271
    Location:
    Australia
    how much land is 720k going to get you on the north shore?
     
    geeza and KateSydney like this.
  5. Thomacino

    Thomacino Well-Known Member

    Joined:
    9th Nov, 2018
    Posts:
    129
    Location:
    NSW - Sydney
    Not suggesting the OP attempt to purchase on the north shore with that budget. It was an attempt of justifying the stigma comment re; the three suburbs.
     
  6. abi1

    abi1 Member

    Joined:
    7th Jan, 2020
    Posts:
    22
    Location:
    Blacktown
    Which side of blacktown? Also looking at that map, it looks like more expensive suburbs like Stanhope gardens and Glenwood are no better than Blacktown!
     
  7. ndpjai

    ndpjai Well-Known Member

    Joined:
    15th May, 2016
    Posts:
    184
    Location:
    Sydney
    I'm not a local but visit on week-ends, generally south side away from station/shopping centre below bungarribee road or fairwater bvd towards west where newer developments. You may get in seven hills as well in your budget.

    Better you drive around say night time, week-ends, week-days to see various scenario to see which streets are better.
     
  8. abi1

    abi1 Member

    Joined:
    7th Jan, 2020
    Posts:
    22
    Location:
    Blacktown
    We will talk to tax specialist at the time. What I meant was that ideally we want to buy somewhere which has growth potential and good rental income if we decide to change to IP in case for example we have to move out of area because of jobs etc. Like I was thinking house prices will rise more in Schofields, especially, and Marsden Park once the new hospital and metro are built so better to target those suburbs?

    Also as others said, with our budget we wont be able to go anywhere near north shore.
     
  9. Trainee

    Trainee Well-Known Member

    Joined:
    24th May, 2017
    Posts:
    4,271
    Location:
    Australia
    elaborate on this? The stock is very different. How do you define better here?
     
  10. abi1

    abi1 Member

    Joined:
    7th Jan, 2020
    Posts:
    22
    Location:
    Blacktown
    House prices, driving around and the feel you get (and also talking to people). Like I said I havent lived in the area long, but its what I think suburbs north of M7 are nicer, but I could be wrong, hence I am asking.
     
  11. NewGuy88

    NewGuy88 Well-Known Member

    Joined:
    6th Feb, 2019
    Posts:
    130
    Location:
    NSW
  12. Clive Palmer's Yacht

    Clive Palmer's Yacht Well-Known Member

    Joined:
    23rd Apr, 2019
    Posts:
    59
    Location:
    Sydney
    Asquith, Mount Colah (upper North Shore past Hornsby) will get you that house and land at your price. Bit "nicer" than Rooty Hill and Blacktown maybe..
     
    ndpjai likes this.
  13. Trainee

    Trainee Well-Known Member

    Joined:
    24th May, 2017
    Posts:
    4,271
    Location:
    Australia
    Nothing below 750k. Examples?
     
  14. Clive Palmer's Yacht

    Clive Palmer's Yacht Well-Known Member

    Joined:
    23rd Apr, 2019
    Posts:
    59
    Location:
    Sydney
    Well, that is $30k over $720k..but maybe poster could stretch given it's a long-term investment?

    Nothing available currently I agree, but there's bugger all on market in other areas too. Time of year.

    There are a few sold examples in 2nd half of 2019 in range, however.

    I'd always suggest talking to local RE agents rather than dismissing out of hand based on Domain, Real Estate.com ads.
     
  15. abi1

    abi1 Member

    Joined:
    7th Jan, 2020
    Posts:
    22
    Location:
    Blacktown
    I dont think we can afford Asquit! :(
     
  16. abi1

    abi1 Member

    Joined:
    7th Jan, 2020
    Posts:
    22
    Location:
    Blacktown
    I've heard usually January is usually a quiet month for property sales, maybe more houses to come in Feb/March?
     
  17. Clive Palmer's Yacht

    Clive Palmer's Yacht Well-Known Member

    Joined:
    23rd Apr, 2019
    Posts:
    59
    Location:
    Sydney
    Don't write off yet if interested - talk to local agents for feedback. You may be surprised.

    Stock is at a seasonal low during what's been a more widely low stocked period in time, so you won't find heaps to choose from now or going forward. BUT you need to stay in the face of the agents.

    I'd also be looking at North West subs.
     
  18. hash_investor

    hash_investor Well-Known Member

    Joined:
    11th Oct, 2015
    Posts:
    2,115
    Location:
    Sydney / Canberra
    with 720 budget?
     
  19. Clive Palmer's Yacht

    Clive Palmer's Yacht Well-Known Member

    Joined:
    23rd Apr, 2019
    Posts:
    59
    Location:
    Sydney
    Yeah, not heaps to choose from I grant you Hash. But Kellyville has seen sales in past 6 months at around this level (eg $750k for 1 Greenwood Ridge in Jul).

    It's a tough budget for a house for sure. Stretching into the $750-800k range may be possible, and would prob open up more options outside of the subs the poster mentioned.

    If location is a bigger priority, then townhouses might be worth checking out (eg 10 Rocks St, Kellyville)

    As I said previously, lack of stock during 2019 makes it harder to say for certain that you're priced out of a particular market. Local agents still best bet to advise.
     
  20. abi1

    abi1 Member

    Joined:
    7th Jan, 2020
    Posts:
    22
    Location:
    Blacktown
    I dont want to buy townhouse or apartment.

    What about
    Plumpton
    Doonside
    Marayong

    I heard lots of land and house packages are coming up in Colebee too, I dont why that suburb is so expensive and it doesnt even have a train station, perhaps because they are people living in it!
     
    geeza likes this.