NSW Penrith vs Blacktown for PPOR or IP

Hi,
I would like to narrow down my search of finding property (house) to selected council/suburbs and within my budget of $550k, I can see options in few suburbs of Blacktown and Penrith. Which one is better to focus upon from long term perspective.

Criteria is to find a house with good land size that can give long term CG. Units/Townhouse not in preference to avoid strata (recurring expense).

Advice and comments are appreciated!

 

Penrith is a heck of a lot further out than Blacktown.

 

Ppor and ip are very different. Where is work, family, etc? For ip, yields are 3%?

 

Both are horrible. Penrith is a bit less stigma and classier than Blacktown.

 

Where do you suggest for a sydney house for 550?

 

Penrith has a nicer feel to it but alot further from the city.

I would pick either. Which meets your needs more?

 

Neither.....

 

Some suburbs in Penrith council like St Mary’s etc.

 

A lot of first home buyers are hovering around Penrith at the moment. I'd personally go for Penrith area over Blacktown, if you are looking for a long term hold.

 

For first couple of years or less, it would be PPOR.

 

Exactly, as these are the places within reach financially!

 

$600k around Liverpool if you can stretch.
How many Bedrooms?
Is 550sqm block big enough?

This one is 600+sqm
91 Liverpool Street Lurnea NSW 2170 91 Liverpool Street Lurnea NSW 2170 - House for Sale #127422146 - realestate.com.au


This one is a smaller fibro but on a descent piece land

9 Catherine Ave Lurnea NSW 2170 9 Catherine Ave Lurnea NSW 2170 - House for Sale #127159234 - realestate.com.au

Both 5 minutes drive to Casual station and about same to Liverpool maybe 8min drive

 

The one that is good for long term hold

 

Fair enough, any other areas that you can think of within 40-50 km of Sydney cbd radius

 

You realise where sydney is in the cycle, right?

 

Nice sharing, yes 550 sqm+ is pretty good for this price range.

 

Peak with tendency to cool down but there would be sub-markets within Sydney market too, each performing differently! Isn’t it the case?

 

Personally...I would look for a unit within 30 min of Sydney...look at the Bankstown and St George/Cronulla lines.......lots of options....

 

You have said "long term hold" and PPOR a few times so where Sydney is on the property clock makes little difference. Western Sydney has more scheduled infrastructure spend per capita then anywhere else in the country, so you are fishing in the right pond for a long term hold. Personally i would go Penrith over Blacktown purely because they will benefit more from the airport and infrastructure spend than Blacktown. Plenty of options around, get something well located to a train station if you can.

 

Op where do you live now and where is work?