Liverpool, Penrith or Brisbane? Which LGA with 650k for first home?

Discussion in 'Where to Buy' started by Ron Davis, 30th Oct, 2019.

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  1. Ron Davis

    Ron Davis Member

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    Hi guys still scratching my head as to where i should invest my money to set up my family for the future. Things im looking at in particular good school catchment zones for primary/secondary, land size 550sqm + value for money brick veneer home, capital growth and safety in the selected areas for my family. I know Brisbane i can get a property within 10km from the cbd which sounds exciting when you compare value for money to the likes of Liverpool LGA 40km from Syd CBD and South Penrith 60km +

    Would love peoples honest opinions on what they would do in my position.

    Forgot to mention im in construction a Solid Plasterer Renderer by trade so work in Sydney is around CBD where as in Brissy it would be all over Brisbane. Im originally from Melbourne and our extended families are all back there as we originally came upto Syd for my work and we are currently renting in Sutherland NSW. Its a really big decision and I've been having sleepless nights this last week. I know in brisbane i can put my daughter in a top 99rating primary school and 94rating secondary school with my budget.
     
    Last edited: 30th Oct, 2019
  2. hammer

    hammer Well-Known Member

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    Where do you work? What about your extended family? Does that have a bearing on where you'd like to live?
     
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  3. Ron Davis

    Ron Davis Member

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    Updated my info @hammer thanks
     
  4. Trainee

    Trainee Well-Known Member

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    If you leave sydney for brisbane, its likely you will not be able to afford anything comparable in sydney or melbourne.

    putting it another way, if you ever want to go back to melb, selling a sydney ppor will likely get you more than selling a brisbane ppor.
     
  5. Ron Davis

    Ron Davis Member

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    So in other words capital growth will far exceed brisbane in the next 10years regardless of these 2 LGAs being the non preferred of all of sydney up until now you think?
     
  6. hammer

    hammer Well-Known Member

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    There's more to it than just house prices and CG. What are wages like in Brisbane? What sort of commute would you be looking at? Have you considered Adelaide or Perth?

    It's great to own a place that makes money...but you also have to er....live in it too!
     
  7. Trainee

    Trainee Well-Known Member

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    Possibly. Especially long term.

    not preferred doesnt mean it wont go up.
     
  8. Tonibell

    Tonibell Well-Known Member

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    It would be a lot easier if you were just asking about which makes the best investment.

    When you bring employment, education and family in to it - well it is your decision.

    If you are both from Melbourne and have a young child - well that location has a lot going for it.
    But you have to earn a living as well - if it can all fit somewhere near Melbourne (even a couple of hours out) then that sounds a good way to go unless there is a fortune to be made elsewhere.
     
  9. Ron Davis

    Ron Davis Member

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    I understand melbourne has a lot going for it but we left for full time work and long term security with work hence why brisbane sydney were the choices. I was leaning towards brisbane for the fact that we would be closer to the beach to the cbd good schools big land and still have money left over to renovate if needed etc.
     
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  10. Patrick Bateman

    Patrick Bateman Well-Known Member

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    I would go Brisbane . It’s safer and a better place to raise a family than Sydney or Melbourne . The weather is better and quality of life better due to shorter commutes etc . The city is up and coming , the new casino development , Roma st live etc will transform the city over the next few years bringing employment etc. The state government has been a basket case for a long time and once they get their act together the upside potential is huge . Interstate migration is gaining momentum as is overseas tourism which will eventually lead to overseas migration . People saying Penrith will achieve better capital growth over the next 10 years than a house within 10km if Brisbane cbd are delusional . Look at the gap between Sydney and Brisbane house prices charter over the last 30 years , prices have often been close together however currently Sydney is double Brisbane , the gap will close substantially .
     
  11. icic

    icic Well-Known Member

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    @Ron Davis in terms of value for money, without a doubt it will be Brisbane. As for capital gain, the all about the same if you look at data from the last 50 years, but consider thar Melbourne and Sydney just recently had its growth spurt, I will bet on Brisbane to have greater gain potential with stock trending under supply. Personally I live in Sydney, where everything seem so overpriced but majority of our families and friends are here so kinda priceless for us...
     
  12. The Falcon

    The Falcon Well-Known Member

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    Coming from Sydneysider....with your budget with a view to family lifestyle; go to Brisbane. Penrith and Liverpool are the pits imho. Sydney is about the beaches, national parks, the Harbour/city etc....those areas may as well be another country. In BNE you will be in a far nicer area with that budget, and you can sort investments later. The investment consideration would not be primary if I was in your shoes.
     
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  13. Hetty

    Hetty Well-Known Member

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    We were tossing up the same thing, even bought in Wishart so our kids could go to Mansfield. But we changed our minds and have kept that property as an IP and have now bought out in Western Sydney. Means we have to pay for schooling rather than send public. We’d be away from all the family if we moved though, and we want our kids to grow up around family. We also thought moving would be difficult jobs wise, I’m a teacher and the schooling system is so different up there. I hope we’ve made the right decision but if we feel we haven’t we will move down the track.

    I’ve had family in Brisbane and they’ve all wanted to leave. Dad and my uncle moved when they were young, my aunt stayed but all her kids are down here now.
     
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  14. magpieseason

    magpieseason Well-Known Member

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    Another westie here,we live 5 mins from Liverpool in Cabramatta, selective state school close by in Bonnyrigg . Have also lived near Penrith , the friendliest place in NSW ive stayed.
    Sure id prefer to move next door to The Falcon on the North Shore (he'd probably move out) but it is what it is.
     
    Last edited: 13th Nov, 2019
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  15. ndpjai

    ndpjai Well-Known Member

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    You answered the question go for Brisbane even though personally I would love you be a Sydneysider supporting blues vs maroons that’s ok good luck
     
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  16. Hetty

    Hetty Well-Known Member

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    I’ve got family in Glenmore Park and they love it. And from what I can see Penrith is super family friendly, so much to do. Schools are an issue, but there are some decent Catholic/Independent schools.
     
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