Hi everyone, My husband and I are looking at purchasing our first home and looking for thoughts around buying in St Claire NSW. We have a budget about 550-600K. Our plan is PPR initially with a view to move within 3 years and rent the property. Thoughts about rental market in this area would be appreciated! We think the area has had reasonable growth (7% over last 5 yrs) and anticipating more with the new airport and train systems and other planned infrastructure. Does anyone have any other tips or things we should watch out for? Thanks in advance!
St Claire, and neighbouring Erskine Park are fine solid areas. Erskine Park is a bit better than St Claire. However, both are very solid Western Sydney family areas. Renting out is fine, good demand and reasonable tenants. Talk to Starr Partners St Marys/Erskine Park for info. Scott and Sarah Edward's for buying, Peter / Catherine Kersten for rentals.
What suburb/s do people think will benefit the most with the badgerys creek airport? Apologies if this has been discussed elsewhere.
Just be careful buying in W Sydney now or wait a while for prices to stabilize and even better if they displayed a confirmed up-trend. See chart below, it may well have had 7% CG (I have not checked this) over the last 5 years, which btw is nothing to write home about, but prices are still coming off for the last 2 years. Usually with infrastructure, you get a kick when the announcement is made and another after it is opened and operational - so you'd be looking to the latter as the former is 'priced in'.
St Claire? Just cross the great Western Highway to Mt Druitt and get among the unpretentious bogans. LOL, just joking. You'll find better quality houses in St Claire.
Mascot, Tempe, Sydenham, Lewisham, Maroubra, La Perouse, Kurnell Cronulla.... Generally anywhere that the through traffic to KSA is going to decrease.
Firstly.....get the name right. It's St Clair! There is no 'E' on the end. I don't know where you've got your stats on growth from because that's hogwash. Prices have pulled back in the last couple of years. If you are looking to buy, now's the time, and there's plenty available in that price range. With all due respect, if you are looking for convenience and accessability, I'd go for St Clair, all the time. If you want access (to the west) to the M4, then the Western part of St Clair is perfect. If you are in Erskine Park, you have to travel all the way through St Clair to get access, even though there is an onramp to go East from Erskine Park. It's very poor planning & won't change any time soon. Because of this, St Clair gets a lot of through traffic, which is a PITA during peak times. I'd never use Starr Partners for a PM.
100% agree .....too many people jumping in....not only are the prices unstable but also delinquencies are increasing from a finance perspective. St Claire.... yes youse are correct.....you get better class of Bogan....you knoz the one with aptitude and attitude.
