NSW Watching the Druie Drop in Slow Motion (2018)

No one has a crystal ball. A few scenarios are possible to play out. I've learnt to keep an open mind in this game. Who would have thought that the Sydney boom would have been so prolonged.

 

At the end of the day the high crime rates in the druitt speak for themselves. Plenty of great people living there but also still plenty of **** bags. High property prices alone unfortunately don’t change this.

 

true there are ppl that have been there for 30+ years - thats ok. Plenty of scumbags in Manly and Epping and 2million + suburbs as well mate. Cant get rid of scum from the entire world.

Bottom line is facts and figures dont lie. Simple.

 

Totally agree @eletronic_exp0430

Bottom line is there is a much higher proportion in the druitt than most other suburbs. I don’t understand why people get so defensive. It’s not a personal attack just fact.

 

Depends on a number of factors. HEM's vary depending on couple income, postcode, dependent children etc... then you have credit card limits, HELP debt, personal loans etc etc etc.. But as a generic answer, work on @ 8 x income...

Stamp Duty concessions for FHB's . From OSR's website

The First Home Buyers Assistance scheme provides eligible purchasers with exemptions on transfer duty on new and existing homes valued up to $650,000 and concessions on duty for new and existing homes valued between $650,000 and $800,000.

Eligible purchasers buying a vacant block of residential land to build their home on will pay no duty on vacant land valued up to $350,000, and will receive concessions on duty for vacant land valued between $350,000 and $450,000.

To qualify for First Home Buyers Assistance, you must meet the criteria listed below:

• The contract and the transfer must be for the purchase of the whole of the property.
• All purchasers must be ‘eligible purchasers’.
• An ‘eligible purchaser’ is a natural person (i.e. not a company or trust) at least 18 years of age who has not, and whose spouse/de facto has not:
  • at any time owned (either solely or with someone else) residential property in Australia other than property owned solely as trustee or executor
  • previously received an exemption or concession under First Home—New Home.
• At least 1 eligible purchaser must occupy the home as their principal place of residence for a continuous period of 6 months, commencing within 12 months of completion of the agreement. (Where an eligible purchaser was a member of the permanent forces of the Australian Defence Force and all purchasers were enrolled on the NSW electoral roll, as at the transaction date, then all purchasers are exempt from the residence requirement)
• 
  
• You can calculate the exact amount of your concession for new and existing homes, vacant land and shared equity arrangements using the First Home Buyers Assistance calculator.Office of State Revenue

 

You been smokin too much.....did you not see the sign at C link that 8am is earliest you can queue, and is that what they mean by work for the dole ?

 

Yeah, I think so too, but it would be a fancy place for that money no doubt ? & I see no point in even worrying about these numbers, what matters is when you buy, and when you sell, or, when you buy and how long to pay itself off so you get money coming in.

Anyone who bought them long ago will be ok, pretty much anywhere probably, but if you bought when rates hit the lowest & your getting 3% return, well, that 50 or 100k may not look so good once reverse gear is hit and pedal is being pressed.

 

It is like Bankstown and some areas, people think it can't be all that bad......they have not lived there or spent a lot of time there, it is worse than what you see on TV, of course some spots will be ok too, but if you had a choice, there are far better spots.

 

Huh? I thought work for the dole means go to work and get the dole.

 

It really depends on what you're talking about. The cheap stuff, or Old Mt Druitt which is the more expensive area. With the Old Mt Druitt, I think prices won't come off as much as the cheaper areas. The reason being is that they are large blocks & quite desirable. There's a lot of development going on. Townhouses & units being build on the blocks & some of the smaller ones into duplexes.

I mostly agree, although we could have afforded elsewhere when we went there, but I wanted to use the excess funds to invest, after losing our Business. This was the best way forward for us financially at the time.

Lalor Park is full of fibro ex-commission places.

Yep!

Mt Druitt area is in the catchment for Penrith High.

Sash, we're not comparing apples with apples here. The median takes in all 2770 suburbs, and there are some really good ones, like Minchinbury. I think you are referring to the ex-commission suburbs & they are two different beasts.

Speaking from experience, living 7 years in Letho, I, personally, didn't find it all that bad, but that's because I didn't socialise with any of the natives at all, and was very careful with what I did say on occasions that I dealt with neighbours & kids friends parents. We also keep our kids away from the locals as much as possible, although it didn't stop our kids having issues. The kids didn't like it at all & I wish I was able to get out earlier.

Are you serious? You don't know the difference?

Give me Minchinbury any day.

 

I agree there ARE good people there, and I have the EXPERIENCE OF LIVING THERE, which none of you have, other than Datto. @See Change comes close in that he's worked in the area for many years. When you get down & among the people you will learn that there are some really lovely, hard working people there & I've said that right back to the SS days, but @See Change is 100% correct that in the majority of cases that the people are different in Minchinbury. It's a higher class suburb & the percentage of really lovely, hard working people is much higher. Just the same as it is in St Clair, where I currently live.

 

Excellent response as usual @skater. But how long ago was this? And do you think it's getting better? Do you see more workers and professionals in the area, more fhbs who simply CAN'T afford to buy elsewhere because of Sydney prices?

 

This was about 8 years ago now. Yes, it is getting better, but it's going to take a LONG time before it loses it's stigma. With each cycle, it improves a little, as you get some new blood moving into the area. Lots of Indian FHB this cycle.

 

I agree with your points - social change comes slowly to places, especially places like Mt Druitt.
I would also argue that you don't really know an area until you see what comes into the local cop shop and ED . That's where you really get to put your finger on the pulse of an area, warts and all.
What is the vibe about Mt Druitt's analogues in the south west - Raby, Airds, Claymore, etc?
There were similar public housing estates in those areas. How have they gone?

 

In Airds a lot of the houso has been knocked down and a new estate put in. They should do the same in Mt Druitt where the block sizes appear to be bigger.

 

Individual's are changing the area and I've come across a few DA's for new builds and some already in progress.

 

Agree with skater that the vast majority of people there are very pleasant , I keep in contact with people I’ve met out there and call them friends , however there is a sizeable rat bag element ( ? Maybe 5 % ) .

If you have a problem with the ratbags in mosman or the north shore it’s verbal arguments and then lawyers at six paces . Out there it quickly gets physical.

Out there I’ve had a patient have a car door slammed on them ( broken arm ) because they beeped someone to move who was standing in the only available parking spot outside my surgery .

I’ve had patients do a runner because they witnessed a murder next door to them and the suspect realised they’d witnessed it . They were abused by the police when they rang up to report it , but the police came round to talk to them when the body was found ...

Ive had more than one family sell within a year of moving in out there because they couldn’t cope with it for various reasons

I’ve seen several front page articles on Sydney papers relating to violence in the area including repeated home made bazookas fires through a local bus and pensioners being terrorised by the local school kids .

I could go on and on for pages , but you can make good money by investing there at the right time as skater and others including the property twins can attest . But nows not that time

Cliff ( skater , I think this is going to be the last time I comment on a Mt Druitt thread ...)

 

I wonder how many on this thread realise that the areas being described as the worst are away from the town centre and train station, places like Bidwill, Blackett, Dharruk where large public housing estates were built in the middle of nowhere?

The just got out of jail and parolees are definitely around the area.

The security guards at Blacktown ED (Mt Druitt would be the same - they are the same hospital) are huge. I'm sure there is reason for that

 

Nah, don't be silly. You have a heap of very relevant experience out this way. I find it so funny though, the amount of people (not you) who comment with perceived authority on the whole area, and the people who live there.

 

The security company who looked after Emerton shopping center was “ islander security “

BIG BOYS ....


Cliff