NSW Wattle Grove 3br,2ba,1car 319sqm property under offer/sold at first open house

Discussion in 'Property Analysis' started by persqm, 3rd Jun, 2018.

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  1. persqm

    persqm Member

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    persqm, 3rd Jun, 2018
    #1
  2. John_BridgeToBricks

    John_BridgeToBricks Buyer's Agent Business Member

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    Interesting. I mentioned Wattle Grove as an area I buy in in a recent pod cast. Good yields there, safe suburb, long tenancies. No train station, but worth a look if you are looking to invest in houses under $1m.

    Well done to the vendor.
     
    John_BridgeToBricks, 7th Jun, 2018
    #2
    persqm likes this.
  3. persqm

    persqm Member

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    He did well..

    How about Holsworthy, older houses, bigger blocks, redevelopment potential has its station..

    Worth a look?
     
    persqm, 7th Jun, 2018
    #3
  4. John_BridgeToBricks

    John_BridgeToBricks Buyer's Agent Business Member

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    Well, Wattle Grove and Holsworthy are very similar suburbs, in terms of the data. Both have very low vacancy rates at 1.2%, due to DFH and military tenancies. Rentals are usually stable and longer term, which is great for investors.

    As you suggest, Holsworthy is bigger blocks and weatherboard houses, with slightly better transport; Wattle Grove is slightly more gentrified with brick veneer houses built from 1993 onwards.

    Summary: from my perspective, Wattle Grove for homeowners and entry level buy-and hold investors; Holsworthy for developers.

    To give you an idea of my investment philosophy - for my clients, I typically stick to middle ring suburbs 8-15kms from the CBD. I make some very rare exceptions, and Wattle Grove (and Wiley Park) has been one of them.

    I think you can still get growth in these areas against a broader Sydney market that is taking a rest.

    Hope this helps.
     
    John_BridgeToBricks, 7th Jun, 2018
    #4
  5. Illusivedreams

    Illusivedreams Well-Known Member

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    Good things about Holsworthy

    Train station with carpark

    Sporting fields

    Great Catholic school Co Ed.

    Close to M5 into the city.

    Heath cote Rd and you are at cronulla beach in 40 minutes and with little traffic.


    Things I don't like.

    Nothing to. Do. In the evening Cafes, beach or shopping strip
     
    Illusivedreams, 3rd Jul, 2018
    #5
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