NSW Tregear/ Emerton/Lethbridge Park/Shalvey

Discussion in 'Where to Buy' started by infinite_prosperity, 18th Sep, 2021.

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  1. infinite_prosperity

    infinite_prosperity New Member

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    17th Feb, 2020
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    Sydney
    With the growth and development expected in Western Sydney due to the Western Sydney Airport, do you think it is worth buying an existing house for the purpose of capital gains in low socioeconomic areas such as Tregear/ Emerton/ Lethbridge Park/ Shalvey?

    Existing homes on 600m2 blocks with granny potential seem to be selling around the $600-$650k mark.
     
    infinite_prosperity, 18th Sep, 2021
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    datto likes this.
  2. thunderstrike888

    thunderstrike888 Well-Known Member

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    Read the St Marys thread. Plenty of information in there.

    To be honest your already way late to the party. These areas houses are selling within a week (sometimes sight unseen and for way over asking prices) and with heaps of buyers as well.

    You should have been buying here several years ago. In saying that when St Marys/Mt Druitt hits $1M which it will these places will also move up to around $800k+ probably more.

    A lot of haters of the area but there are millionaires being made in these areas. Especially guys who have been investing here long time ago. Nothing is cheap in Sydney now.

    Read the article below - just got published on the 16th. 2 days ago so information there is up to date.

    No Cookies | Daily Telegraph
     
    thunderstrike888, 18th Sep, 2021
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  3. datto

    datto Well-Known Member

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    Don’t forget Wilmot, Bidwill, Blackett. There’s gold out there lol.
     
    datto, 18th Sep, 2021
    #3