NSW Oran Park

Discussion in 'Where to Buy' started by Frank Manno, 22nd May, 2017.

Join Australia's most dynamic and respected property investment community
Tags:
Page 1 of 2
  1. Frank Manno

    Frank Manno Well-Known Member

    Joined:
    26th Sep, 2016
    Posts:
    444
    Location:
    Sydney
    Whats everyones opinions on Oran Park? Seems to be one of Sydney's hottest growth suburbs right now.. Worth investing in? I know everyone is saying don't invest in Sydney but this suburb seems to be growing..

    I was thinking of neighbouring Gregory Hills too...

    https://www.facebook.com/video.php?v=1675646509126142



    -Frank
     
    Frank Manno, 22nd May, 2017
    #1
  2. teetotal

    teetotal Well-Known Member

    Joined:
    7th Nov, 2015
    Posts:
    736
    Location:
    Sydney
    It seems to have had its growth by now. What's left is might just be the last squeeze of juice out of it.
    You can probably get better gains in outer Melbourne suburbs with similar profile to Oran Park or Gregory hills.
    Research smart !! Invest smarter !!
     
    teetotal, 22nd May, 2017
    #2
  3. Frank Manno

    Frank Manno Well-Known Member

    Joined:
    26th Sep, 2016
    Posts:
    444
    Location:
    Sydney
    But what about all this govt spending on a school there and all this expected growth that they are predicting.. .. I'm thinking, families need to live somewhere and Oran park is probably a lot of people's only option.

    Could it have a few more years growth still? I'm hoping 5 year plan.. Buy now off plan sell in 5 years.

    -Frank
     
    Frank Manno, 22nd May, 2017
    #3
  4. hammer

    hammer Well-Known Member

    Joined:
    28th Aug, 2015
    Posts:
    2,866
    Location:
    Darwin
    hammer, 23rd May, 2017
    #4
  5. hammer

    hammer Well-Known Member

    Joined:
    28th Aug, 2015
    Posts:
    2,866
    Location:
    Darwin
    Should fertiliser hit oscillator, places like Oran Park would be the hardest hit.

    This has been seen time and time again in Ireland, the USA, Perth and Darwin....The Brand new suburbs in whoop whoop cop the brunt of the housing crash.

    Seeing as Sydney is either at, close, or post peak (depending on who you ask).......
     
    hammer, 23rd May, 2017
    #5
    Cmelderis, Ted Varrick and Zoolander like this.
  6. Mumbai

    Mumbai Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,218
    Location:
    Melbourne
    I could not stop laughing !
     
    Mumbai, 23rd May, 2017
    #6
    Cmelderis likes this.
  7. Biz

    Biz Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,517
    Location:
    Investard county
    There is a lot happening around there. I don't think people can fully appreciate it unless they are from the area. It's what the north west was 15 years ago. The pipeline of projects is impressive.

    BUT there is also huge land supply and a lot of it is owned by the same people so they will just continue to cut up paddock after paddock as required whenever they like. Buying now I suspect in 10 years you'll be left with a property barely worth much more than it is now and completely clapped out by short term tenants. A lot of people only rent for 12 months there as they are building themselves so you have to deal with that and a constantly expanding rental pool as more 4 2 2's come on the market month after month. Next!

    As I mentioned in the other thread, currently 64 properties for rent just in Oran park and it isn't even that big yet. Still heaps to come online there, Catherine field and Gregory Hills. Not to mentioned everything also happening around Austral and Leppington.
     
    Biz, 23rd May, 2017
    #7
    Cmelderis, Pauly84, Frank Manno and 1 other person like this.
  8. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,392
    Location:
    Sydney
    There are loads of houses for sale too.
     
    larrylarry, 23rd May, 2017
    #8
  9. Zoolander

    Zoolander Well-Known Member

    Joined:
    15th Dec, 2016
    Posts:
    668
    Location:
    Sydney
    Yep, and they all seem to be listed by the same two agents. I wonder how what the OO:Investor composition looks. At least when new apartments go online the agent lists only a couple of bedroom variations and opens up the full range once enquiries come in- makes the unit seem more scarce for applicants.
     
    Zoolander, 23rd May, 2017
    #9
  10. Inov8ive

    Inov8ive Well-Known Member

    Joined:
    17th Jul, 2015
    Posts:
    709
    Location:
    Sydney
    The demand seems to be there now and you might make some coin in 5 years but long term I don't think it will perform very well. If you want to make some cash in the next five years and you looking to invest +\- 800k, I think you could find a better vehicle than Oran Park. Melbourne, Brisbane or Hobart are your best prospects of growth in the next 5.
     
    Inov8ive, 23rd May, 2017
    #10
    Frank Manno and hammer like this.
  11. Biz

    Biz Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,517
    Location:
    Investard county
    Biz, 8th Feb, 2018
    #11
  12. Illusivedreams

    Illusivedreams Well-Known Member

    Joined:
    3rd Oct, 2017
    Posts:
    2,457
    Location:
    Sydney
    Illusivedreams, 8th Feb, 2018
    #12
  13. icic

    icic Well-Known Member

    Joined:
    16th Dec, 2016
    Posts:
    1,109
    Location:
    sydney
    icic, 9th Feb, 2018
    #13
  14. L3ha7

    L3ha7 Well-Known Member

    Joined:
    24th Apr, 2016
    Posts:
    858
    Location:
    Syd
    I live around Penrith NSW and every time I pass by oran Park It suprises me as it just keep growing
     
    L3ha7, 9th Feb, 2018
    #14
  15. L3ha7

    L3ha7 Well-Known Member

    Joined:
    24th Apr, 2016
    Posts:
    858
    Location:
    Syd
    L3ha7, 9th Feb, 2018
    #15
  16. icic

    icic Well-Known Member

    Joined:
    16th Dec, 2016
    Posts:
    1,109
    Location:
    sydney
    lol, way over the top with that fob style. I know a few that will dig it thought.. gota admit good choice of real estate agent location wise for that that kinda stock...
     
    icic, 10th Feb, 2018
    #16
    L3ha7 likes this.
  17. HGM

    HGM Well-Known Member

    Joined:
    4th Jul, 2017
    Posts:
    150
    Location:
    Illawarra, NSW
    HGM, 10th Feb, 2018
    #17
    qak likes this.
  18. Ted Varrick

    Ted Varrick Well-Known Member

    Joined:
    21st Jun, 2015
    Posts:
    1,941
    Location:
    No Mans Land
    Hard to argue that the guy who used to live there might be having a big "welcome Back!" party on the 3rd day of Easter...
     
    Ted Varrick, 11th Feb, 2018
    #18
  19. Luckycharm

    Luckycharm Well-Known Member

    Joined:
    3rd Apr, 2017
    Posts:
    164
    Location:
    Sydney
    I heard a rumour that federal govt may be relocating to oran park. Is this for real?

    Can you imagine turnbull showing up to that s...hole for work? Ha ha ha!

    But seriously, is this really happening?
     
    Luckycharm, 11th Feb, 2018
    #19
  20. hash_investor

    hash_investor Well-Known Member

    Joined:
    11th Oct, 2015
    Posts:
    2,440
    Location:
    Sydney / Canberra
    never heard that... some agent probably said that who has interests in the area
     
    hash_investor, 12th Feb, 2018
    #20
Page 1 of 2