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NSW penrith vs campbelltown vs liverpool

Discussion in 'Where to Buy' started by SharonC, 4th Oct, 2015.

  1. SharonC

    SharonC Member

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    Hi guys. Just your opinions on the short, medium and long term outlooks for penrith,campbelltown and liverpool areas for capital growth, given they are cheaper than most parts of sydney, and which one you prefer.

    thanks
     
  2. bob shovel

    bob shovel Well-Known Member

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    Team penrith. Not much growth left, probably 15% and it will have doubled this cycle But there is a lot going on out that way for all those areas. Theres a couple of good posts around
     
  3. SharonC

    SharonC Member

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    Do u think they will all outperform medium to long term, or is one looking better.

    thanks
     
  4. bob shovel

    bob shovel Well-Known Member

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    If its like last cycle sit flat for 8 years.
    The airport might shake things up though
     
  5. SouthBoy

    SouthBoy Well-Known Member

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    Penrith for me. It's closer to the blue mountains and the growing Hills district. It also hasn't seen the same kind of growth Liverpool has seen.
     
  6. Gockie

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

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    I'm going to support Penrith because of:
    * Easy access to Parramatta and the city (Regular express trains from the mountains). Parramatta is Sydney's second CBD.

    * M4 motorway. (Yes, I know though, very busy once you get closer into Sydney). But once the M4 East kicks in.... :)

    * Lots of people living with a Lifestyle focus nearby (i.e. the mountain folk)

    * As Sydney expands, Blacktown and surrounds are filling up with higher (middle) income people

    * Western Sydney Uni and Westmead hospital etc.

    * Closer to the more desirable parts of Sydney (Eg. The Hills)


    Edit: I wouldn't go too close to the new airport. Or, I wouldn't specifically buy to be close to it. Maybe its just me but most folk only fly a few times per year, and it will only be the "second" airport. Lots of downside (noise, traffic) for little upside (extra infrastructure, airplane service)
     
    Last edited: 5th Oct, 2015
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  7. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    I am not sure about that, I have been investing in the area since 2010 and the growth has been excellent
     
  8. SharonC

    SharonC Member

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    thanks all for your kind responses. It looks like the decision his unanimous on penrith

    we will be looking at penrith. would u guys favour it over surrounding areas such as werrington and st marys for a similar price and yield and how close to station is ideal.
    thanks in advance
     
  9. DanB

    DanB Member

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    I would stay closer to Penrith - maybe out to Kingswood, but depends on what you are looking for in terms of property type/tentants.

    In terms of proximity to station, not a huge deal - most people in the area take the bus (plenty of routes) or drive/park at the station. Penrith station also has the plus of being on the blue mountains train line aka 'the fast train' (though there is a fast train from Central to Blacktown then all stations).
     
  10. Inov8ive

    Inov8ive Well-Known Member

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    Look at Kingswood. One of the few suburbs that has university, hospital and train station. Great mixture of dwellings with various zoning and will benefit strongly from the second airport.
     
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  11. Daniel007

    Daniel007 Well-Known Member

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    Austral is hot and will be in the mid-long term imo. It's probably too late now considering the price point but it's just an example of a market that i think will continue to grow despite the wider sydney slowdown.

    5 acre blocks were selling for around the 1 mill mark 5 years ago are now 1 million an acre because of the rezoning to r2/r3.

    Anyone who bought here is going to do extremely well growth wise but managing the holding costs (land tax, poor yields) is another beast all together.
     
  12. MsAli

    MsAli Well-Known Member Premium Member

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    Sharon,

    Is this for living or investing? Right now its about peak of the market in Sydney surrounds ......
     
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  13. SharonC

    SharonC Member

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    Hi MsAli

    It was for investing.
    Do you think there will be much of a drop in prices in the area, once it comes of its peak, like 5%
    thanks
     
  14. Gockie

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

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    Hi @SharonC, if you read more of the forum you'll see that most investors are looking to buy elsewhere in Australia since Sydney has already boomed the last few years and there isn't likely to be much growth at all or it could go backwards very soon in the areas you are looking at.
    So while investing close to home might feel "safe", in reality it may not be a wise thing to buy near home. It is possible you could find that very rare underpriced gem everybody has missed, in which case, by all means, go for it (after having done some due diligence and/or make sure you have a cooling off period!)

    But still, you may be better off looking elsewhere such as interstate where prices are more likely to go up. For areas, refer to the posts with the latest Herron Todd White property clock. And simply keep reading the forum and asking questions as they arise.
    Gockie.
     
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  15. bob shovel

    bob shovel Well-Known Member

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    Check old graphs, but last cycle dropped 10ish % but the killer is if it doesn't move for 8 years like last cycle
     
  16. Gockie

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

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    Yep. A few years of stagnation gets you nowhere. When you know other parts of the country are going upwards, they are really the places to be. That way you can pull out equity and buy again quickly, i.e. build the portfolio.

    Stagnation puts you on the sidelines for however long it takes for the market to start moving again. Remember, time is money
    ...
     
  17. ej89

    ej89 Well-Known Member

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    If it helps, Penrith dropped about 5% following last boom. My Druitt suburbs dropped about 20%. All suburbs you named are at their peak. Unless you can somehow make 200k I wouldn't go there
     
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  18. ej89

    ej89 Well-Known Member

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    And can someone explain how in the world Penrith is close to the hills area lol nowhere near it..
     
  19. Gockie

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

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    Closer than Liverpool and Campbelltown!!
     
  20. ej89

    ej89 Well-Known Member

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    Liverpool is 43km to baulkam hills and Penrith is 45km lol that's a long way away for any ripple to occur from the hills