Unitblock in Merryland

Discussion in 'Loans & Mortgage Brokers' started by hash_investor, 21st Sep, 2016.

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  1. hash_investor

    hash_investor Well-Known Member

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    hash_investor, 21st Sep, 2016
    #1
  2. standtall

    standtall Well-Known Member

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    Merrylands schools are improving and either one school is already OC or on the radar.

    Definitely a bargain on per unit level but there are other better ways to invest $3million.
     
    standtall, 21st Sep, 2016
    #2
  3. VB King

    VB King Well-Known Member

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    That kind of thing doesn't come up every week. Having said that, it's Merrylands West rather than Merrylands which takes a bit of the sparkle off it. Not sure if it's a bargain on the main road without strata or garages.
    Merrylands should do well investment wise - yes there's some OTP stuff going in, but with it a rejuvenation of what is currently boring and tired strip shopping, new amenity will bring new demand for those priced out of Parramatta.
    Personally I think the best streets are the "English" streets - Birmingham, Sheffield, Manchester, Oxford, etc - good sized older style walk up units, easy walk to station, shopping centre, and the redevelopment zone (pedestrian only, cafes, etc) coming soon.
     
    VB King, 21st Sep, 2016
    #3
  4. VB King

    VB King Well-Known Member

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    $3.61m.
     
    VB King, 28th Sep, 2016
    #4
  5. hash_investor

    hash_investor Well-Known Member

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    Sold?
     
    hash_investor, 28th Sep, 2016
    #5
  6. VB King

    VB King Well-Known Member

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    Sold
     
    VB King, 28th Sep, 2016
    #6
  7. dabbler

    dabbler Well-Known Member

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    Yes, and no, yes if you have a bit of cash or lot of lazy equity, no as it would be a commercial loan.
     
    dabbler, 28th Sep, 2016
    #7
  8. See Change

    See Change Well-Known Member

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    There's a long term forum member who owns several out there ( or Fairfield , can't remember which ) , bought many years ago

    Cliff
     
    See Change, 28th Sep, 2016
    #8
  9. neK

    neK Well-Known Member

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    I think the member you are referring to owns several unit blocks in Cabramatta.
     
    neK, 28th Sep, 2016
    #9
  10. hash_investor

    hash_investor Well-Known Member

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    Good buy at good times as the demand will always be there
     
    hash_investor, 29th Sep, 2016
    #10
  11. twobobsworth

    twobobsworth Well-Known Member

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    Hasn't been a drive by or attack on the police station in weeks. Things are on the up.
     
    twobobsworth, 29th Sep, 2016
    #11
  12. Jerry O

    Jerry O Well-Known Member

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    A few OTP stuff happening indeed the last time I have driven around the area. Same with Granville. They are catering for the ones priced out of Parramatta. A friend of mine was offered a "$40k discount" on one of the OTP unit. From $600k to $560k just because he is "one of the first few who signed up."

    I sighed.
     
    Jerry O, 29th Sep, 2016
    #12