Parramatta* is the centre of Sydney...

Whatever the case, it will be at least 2 years before construction commences and at least another 5 before it is built... long way off before Parramatta and the surrounding suburbs see the benefits.

In the meantime there are a lot of apartments coming online in Parramatta, so it's likely to be flat for a few years as that is absorbed.

Add to that the complete turn around in sentiment post APRA, and the impact in the short term is unlikey to be very much...

But if you take a 10 + year view of Parramatta, the end game looks quite positive

 

I used to live on hammers a few months ago too, 61, worst house on the street!

 

I agree with the long term view strategy but when should one enter the investment market in this area is the question.

 

You were 3 doors up from me, i'm in the townhouses opposite the electricity station

 

OK
1.Go and take a look at sqm research.
2.Have a look at 2150, 2142 and whatever postcode Westmead is.
3. Check out the stock on market for 2015, 2014, 2013 ...etc. Go right back to 2006.
4. Notice how there was a lot of stock in 2012 and it started to disappear at the end of 2013 and then went right down from there?
When it's low like that, it means 2 things a) there is not a lot to choose from b) the prices may have up considerably and it's possible that they won't continue to do so. Therefore, not the best time to buy.
5. Have a look at rents for the same areas, same times. Although they have increased, they haven't increased at the same rate as the asking prices.
6. Note how 2007 and 2012/ early 2013 were the best times to buy.
7. Keep looking on a regular basis and when you see there is a good yield and a lot of stock on market, go for it.
If you're going to live in it, then it doesn't matter as much.
Love Wattle

 

Bull and Bush redev | Daily Telegraph

 

Another one bites the dust. $50mill for the site!!

 

Love u too Wattle.

 

That intersection has already been Dyldam'd pretty thoroughly. With no rail infrastructure in the area and already heavy congestion, I think its going to create chaos , traffic wise.

 

Goodbye to one of the old familiars.

 

Apparently the Bull n Bush will still be there but there will be 4 apartment buildings in the land surrounding it....

 

ah...so goodbye to Centrelink then

 

$26.5 million surf break for western Sydney

we should have a dedicated "western sydney" thread @MsAli @skater @datto @RetireRich101 @larrylarry and all

 

Great news.

There are a few of those Sam. But as we all know Western Sydney isn't really a good place to invest.

 

I can't quite imagine a surf beach in Western Sydney.

 

Apparently thanks to all the high rises being built, the centre of Sydney's population has moved slightly further East, and it's now (still) in Ermington.

City apartment boom moves Sydney’s population centre east - realestate.com.au

 

Very good
Come on developers!!!

 

Woohoo go ermington!
Too bad prices haven't moved much - surely centre of Sydney has to give it some extra points

 

Thats where North Korea will be aiming

 

Good for Ermington et al...
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