NSW Investment Property in Penrith or Campbelltown

Discussion in 'Where to Buy' started by rodney, 16th Mar, 2019.

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

    rodney Member

    Joined:
    11th Jul, 2018
    Posts:
    5
    Location:
    Australia
    Hello,

    I'm interested in buying an investment property (house) in either Penrith or Campbelltown? My budget is $600k

    Just wondering which one will you guys pursue if you are in my situation and why? I did some background research however have received mixed opinions online and in person about each suburb

    Please and Thank you all
     
  2. Property Twins

    Property Twins Mortgage Brokers & Buyers Agents Business Member

    Joined:
    18th Jun, 2015
    Posts:
    2,640
    Location:
    Sydney, Australia
    Hi Rodney
    Why Sydney?
    Have you considered interstate where it's at a different point in the property cycle?
     
    ndpjai and JohnPropChat like this.
  3. John_BridgeToBricks

    John_BridgeToBricks Buyer's Agent

    Joined:
    25th May, 2018
    Posts:
    871
    Location:
    Sydney
    Nothing wrong with investing in Sydney, particularly 18 months into a bear market. It is still the infrastructure and economic epicenter of Australia and still the magnet for international people (along with Melbourne).

    Regarding Penrith vs Campbelltown. Both have their positives and negatives, but if I were choosing between these two for investment purposes, I would choose Penrith.

    Amongst other factors, Penrith is 15 minutes closer to Badgeries Creek, than Campebelltown, and this will matter in the decades to come.
     
  4. Loverenting

    Loverenting Well-Known Member

    Joined:
    16th Nov, 2016
    Posts:
    148
    Location:
    Sydney
    Campbelltown, it's got the most to go compared to the rest of Sydney.
     
  5. Illusivedreams

    Illusivedreams Well-Known Member

    Joined:
    3rd Oct, 2017
    Posts:
    1,906
    Location:
    Sydney
    Campbelltown now $600k will go a long way 600/700sqm block possible future sub.
    Try finding something close to train or Macarthur.

    Tenants non Campbelltown town have been average and rents are 4%, gross is lucky.
     
  6. rodney

    rodney Member

    Joined:
    11th Jul, 2018
    Posts:
    5
    Location:
    Australia
    Thanks for your response. I'd originally thought both Campbelltown / Perth takes the roughly about the same time to Badgerys Creek. I guess it just depends where the house is located
     
  7. rodney

    rodney Member

    Joined:
    11th Jul, 2018
    Posts:
    5
    Location:
    Australia
    Possibly. Like what exactly?
     
  8. rodney

    rodney Member

    Joined:
    11th Jul, 2018
    Posts:
    5
    Location:
    Australia
    I have. Do you have any suggestions in terms of what state and which suburb
     
  9. NewGuy88

    NewGuy88 Well-Known Member

    Joined:
    6th Feb, 2019
    Posts:
    130
    Location:
    NSW
    Have you looked at Brisbane ? Moreton Bay region ?
     
  10. Cimbom

    Cimbom Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,557
    Location:
    Back in Canberra!
    I wouldn't be buying in either at this point in time
     
  11. AlbertWT

    AlbertWT Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    220
    Location:
    NSW
    Is it because Penrith is close to Blue mt. and can also gin benefits of Capital Gain when Badgery Creek airport opened?