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NSW Lakemba

Discussion in 'Where to Buy' started by Shahin, 5th Jun, 2016.

  1. Shahin

    Shahin Member

    Joined:
    3rd Jun, 2016
    Posts:
    15
    Location:
    Sydney
    I know that many has kissed Sydney market good bye but I still think that there are places that it adds up for investment. Lakemba is one of them. It has a bad vibe but if you pass that initial reaction and look at the basics it's a good place to be. The yield is between 4.5 -5 % and vacancy rate of 1.6 % and low entry point if you buy an old style 60's , 70's apartments. I was looking from December and I've seen an increase in the interest from investors.
     
  2. neK

    neK Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,280
    Location:
    Sydney
    If you are know what you getting in for then that's fine.
    It may look decent from a quantitative perspective, but you also need to take into account the qualitative perspective.
     
  3. Television

    Television Member

    Joined:
    23rd Jun, 2015
    Posts:
    8
    Location:
    Inner-West Side, Sydney
    Shahin likes this.
  4. hash_investor

    hash_investor Well-Known Member

    Joined:
    11th Oct, 2015
    Posts:
    914
    Location:
    Sydney / Canberra
    There was a thread on Lakemba a few days ago. You can go through that if you are looking to discuss that area
     
  5. Nick Valsamis

    Nick Valsamis Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    504
    Location:
    Sydney