NSW Investing for Cashflow in Greater Parramatta area ?

I didn't work for RTA, but RTA engage us (IT consultant) for 9 months job (Mid 2009 - early 2010) where 2 of us need to work closely with Database team

 

Another OT,
@ZachAnsel does the Data Center still with FAL ?

 

Pretty sure there's a GovDC where everyone goes to.

 

If that.... I'd say its 6-7 minute walk from Holroyd Gardens to Merrylands Station.

 

That's the old brickworks, inside the Holroyd Gardens Estate. It's been left there for heritage reasons... but there is no railway station inside that particular estate. Only a very short walk to merrylands station from there, however.

And you're right, the area between Merrylands Station and Holroyd Gardens, on the corner of Pitt Street and Neil Street, was purchased by Dyldam several years back, - so basically that entire site, which consists of the old Rossitano store, the old Bing Lee store and the Kmart Tyre place and a massive un-used car park, will be developed soon enough. I guess Dyldam have been pretty busy the past 2-3 years, so maybe they need to get finished with the half dozen other projects they have going on around Baulkham Hills ( 2 large projects) Northmead , Harris park and Carlingford, at the moment, before starting on this one..... they already have another one going on in Merrylands

PIA Projects List





But back on topic. Parramatta and its surounding suburbs are going to present lower yields than you can find in other states and cities, because prices have exploded over the past 2-3 years but rents havent kept up. I agree that the infrastructure spend over the next decade is going to catapult Parramatta and its surrounds into a genuine 2nd CBD, but thats going to take time and it wont improve yields in the short term. You'll be looking at 10+ years for the payoff from those billions in infrastructure spending in and around Parramatta. The only way you could get the yields you are chasing within the Sydney metro area now would be NRAS, which will provide you with the significant cash flow yield you want , but failing that you should look to regional areas or outer Brisbane suburbs or perhaps even Adelaide , where yields are superior to Sydney because prices are so much lower