NSW IP in St Mary's

Quite possibly the last sale was when it was bought from H/C.

 

https://www.realestate.com.au/property-house-nsw-oxley+park-135450786

Anyone know what it went for?

 

Hey Andrew, it’s not much of a big deal. Just needs to be incased with concrete so you can build over it. roughly $750 per lineal meter.
I would budget 7-10k for the extra work on the GRanny flat.

 

We've just leased 3 in Nth St Marys in the last 10 weeks. It really does depends on the street but when you consider the airport link/long term growth its a no brainer I wouldn't let some housing commission stigma hold you back. Closer to the station and North Public school will rent quickly.

General tenant demographic is single mum on centrelink or single employed dad with kids on the weekend.

 

Thanks. That's really helpful.

 

I am attending open houses in the areas. I am struggling to understand why 'Werrington county' has more demand than 'Werrington' ?

Werrington has 582 visits per property :

https://www.realestate.com.au/neighbourhoods/werrington-2747-nsw

Werrington County has 2838 visits per property :

https://www.realestate.com.au/neighbourhoods/werrington-county-2747-nsw

Werrington has advantages in terms of train station, proximity to St Mary. Why does Werrington County still attract more visitors than Werrington ?

 

Looking at those "visits per property" numbers, Werrington County seems to have more in common with Cambridge Gardens than it does with Werrington. I looked at a property in Werrington County recently; it has the feel of an outer suburb further than it is geographically located. eg. the lack of footpaths anywhere, implying people don't walk even to their local shops but drive their cars anytime they leave their house. This made it feel more like Springwood or another place in the lower mountains than a place within the Penrith council area.

 

Thanks mate.

 

We’ve spoken to a couple of agents who say that they’re selling off HC properties It seems that the commission has a deliberate policy of gradually selling places off. This seems to be true of the houses. Does anyone know what they do with the apartment blocks? It guess that they may be harder to sell off which means they will be hanging around longer. But this is just a guess. Does anyone actually know whether the HC apartments get sold off?

 

Probably the least likely property to be sold of by HC but I do know of one that was sold in Dundas and possibly another in St Marys. Believe they were sold in one line as they were all on one title. Dont think they had services set up to be subdivided

 

They've been doing that for years.

 

Thanks Skater. Do you mean specifically for the apartment blocks?

 

No, houses. I've bought many from HC

 

Okay. Thanks again.

 

Another one gone straight after the first open home

https://www.realestate.com.au/property-house-nsw-st+marys-135544478

Does anyone know how much this went for? 5 Grose Avenue, North St Marys - I think very very close to $700k mark. I've called the agent 4 times now ignoring my calls. hahahah

https://www.realestate.com.au/property-house-nsw-north+st+marys-135556070

 

Does anyone have a recommendation for a good property manager in the area?

 

Yes- I use @Hayley Cannon in Western Sydney with good results. I’m sure other forum members will be able to vouch for her as well.

 

Thanks.

 

Yep! Me too! She's on the forum, or you can find her with Google. Peachy R/E

 

@Hayley Cannon is awesome! Everyone on here that has a IP in western sydney should be having her manage your IP