NSW Illawarra likely to see growth in below $600,000 properties: HTW

Illawarra in NSW has seen reasonable growth in the past 12 to 18 months in all sectors and there is a sense in the market that it will continue, particularly in the below $600,000 section of the market, according to recent sales and agents’ advice, say Herron Todd White in their March property clock.

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Happy Days for those us who invested in the area.

 

You could pretty much say that for most of Outer Sydney suburbs as well though... I'm not an investor but I don't think anyone has gone bad if you bought anything in and around Sydney 4 years or more ago. The key will be when interest rates rise and see if the Gong falls more than Western Sydney?

 

I was quite surprised with a recent valuation that came in from my REA on an IP I purchased approximately 9 months ago in the Gong. The property has already increased in value by over $50k, albeit I think I did get it for a good price at the time. Glad I made to switch to invest down there, looking away from the craziness that was the Sydney market at the time.

 

I bought down there over a year ago and seem to have had some good gains. Hope it continues