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Location or Land Size?

Discussion in 'General Property Chat' started by Klark Kent, 13th Feb, 2016.

  1. Klark Kent

    Klark Kent Member

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    NSW
    I've see lots of properties today,some in Lane Cove and some in Leppington...
    I think my budget can offer a apartment in Lane Cove or a house in Leppington,which is better ?
    My heart is being torn in two different directions.
    Any ideas welcome...
     
  2. Cactus

    Cactus Well-Known Member

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    There's no one size fits all. Opinions and ********s, everyone's got one b
     
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  3. Scott No Mates

    Scott No Mates Well-Known Member

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    Lane Cove is probably $20/day closer to work (more if you drive). That's an extra $ 400/month to your mortgage.
     
    DaveM likes this.
  4. Gockie

    Gockie I'm an ISTP-A female, so I might be a bit quirky! Premium Member

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    Are you looking at them from an IP perspective or PPOR? If IP, its still not time to buy in Sydney. If PPOR, I think Lane Cove wins from a jobs perspective. Try renting a house in Leppington for 6 months... you might hate the daily commute so then it becomes an IP. I say this because a few years ago while working in the city my colleague at Amex bought down that way (Prestons to be exact). Even though the house was shiny and new, very soon she and her family moved out to a place they decided to rent - she couldn't stand the commute.
     
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  5. EN710

    EN710 Well-Known Member

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    For PPOR? 50km out is bloody far if you're working in the city
     
  6. Klark Kent

    Klark Kent Member

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    Emm...the distance is a big problem if I live in Leppington, it's seems I don't have any other choices...many thanks, all of you.
     
  7. legallyblonde

    legallyblonde Well-Known Member

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    If it is PPOR I agree that you should try renting before commiting to such a long commute. I have a friend recently who works on one side of CBD and just moved to the other side... Her commute doubled... Less than 12 months later guess who wants to sell ;)
     
  8. jins13

    jins13 Well-Known Member

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    It really depends I guess. I do agree with what the other people said in regards to the IP V PPOR argument for the land or location. For me, I live in a shoebox apartment for my PPOR but my tenants like in a house with a backyard. I am so jealous because I wouldn't even change my old blinds and other things that require replacing, unless it is urgent.

    My mentor did extremely well in buying land/houses in Prospect, Blacktown and other western suburb areas when he was told at the time that it sheer madness to buy multiple properties in those areas by 'experts'. Wonder who is laughing now?