Western Sydney (the lesser than average Sydney suburb)

Discussion in 'Where to Buy' started by Jenny Gardner, 1st Jul, 2020.

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  1. Jenny Gardner

    Jenny Gardner New Member

    Joined:
    30th Jun, 2020
    Posts:
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    Location:
    Sydney
    Hi all, I am new to this forum - Thank you all for your valuable inputs.
    I have been around and reading and researching Property Investments and Strategies as a guest.
    Found this site very useful.
    Any advise for a new newbie who is looking to buy an Investment property in Greater Western Sydney area (in Emerton, Bidwill, Druitt areas...) during these Covid-19 times?
    These are the 'cheap suburbs' of Sydney.
    Or am I better off postponing my purchase to 2021 or later?
    Thank you in advance.
     
  2. Jess Peletier

    Jess Peletier Mortgages, Finance & Property Strategy Aust Wide Business Member

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    18th Jun, 2015
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    5,972
    Location:
    Perth WA
    Welcome Jenny!

    That's a crystal ball question :)

    You buy now, worst case, the property goes down - how will you cope?
    You buy later, worst case property goes up and you miss the market - what will you do then?

    As long as you have a risk plan and are comfortable with it, you're good to go. :)
     
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  3. skater

    skater Well-Known Member

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    18th Jun, 2015
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    3,829
    Location:
    Sydney
    As Jess said, please consult your crystal ball. :p

    On the serious side, I have several properties in the area, and I'm always on the lookout for buying at the 'right' price.....or selling at the 'right' price. Nobody can say for sure what will happen in the future, I usually just go on my 'gut'.
     
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  4. My House QLD

    My House QLD Well-Known Member Business Member

    Joined:
    9th Aug, 2015
    Posts:
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    Location:
    Brisbane
    Hi Jenny.

    Welcome to the forum.

    Why wait until 2021? My advice would be to follow the market very closely, if you have the time go to lots of open homes and auctions, if a great deal pops up then why not grab it?

    Consider a subscription to RP Data or Pricefinder, they are the most valuable tools and I couldn't do without them when buying for myself or clients.

    Good luck!
     
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  5. Tony Xia

    Tony Xia Well-Known Member

    Joined:
    23rd Aug, 2015
    Posts:
    102
    Location:
    Parramatta
    Hi Jenny,

    Those areas are alot cheaper in comparision to Sydney, however the area is alot more rough and have alot of housing commission.

    By saying that there's alot of development around the area like Marsden Park.

    Is now better to buy or 2021? If we could predict the property market bang on we would be gazzilionaires by now.
     
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