NSW What's wrong with Lakemba?

Hi all,

I am doing some groundwork on where I'd like my PPOR to be located.
I'd like it to be a 2 bedroom unit that can get me to the CBD within 40 minutes
I'd also like it to be $400-450 mark

Hardly any suburbs come into this category but Lakemba does.

Are there any massive issues with this suburb that I'm not aware of?

 

No Cookies | Daily Telegraph

This was last year. Not sure about the place now.

 

Nothing it just feels like you're living in the Middle East instead of suburban Sydney sometimes.

 

Drive around the place and see what you think of it.

You may want to walk inside some of those older units and see if you're still interested. The stench in some of them....

 

For IP, it is OK. But for PPOR, it is too dangerous

 

You mean "lebkemba" right?

A mate of mine lived in nearby punchbowl for close to 2decades. High crime rates (theft, burnt out cars, shootings occurred a number of times in that time frame.) I witnessed a hit and run there once. Not nice places to be although geographically they may appear cheap

 

Pray for Gentrification!

Seems to be happening to Canterbury to Belmore..for now

However i guess Lakemba to Punchbowl will take a lot more time. However i have no problems if its for IP.

 

According to the map and statistics, there are worse suburbs around.

Crime Maps | BOCSAR

I have tenants around there and they haven't had any problems.

 

Be one of the gentifiers. I have my eye on it too.

 

Best baklava in sydney!

 

If you can, rent there for 6 months so you can make up your mind about the place.

 

You are Sydney through and through.. Any deals in Harris Park? Lakemba punchbowl and surrounds will take a long time to gentrify...

 

I've got a townhouse in Greenacre and a neighbour said that once the aged care facility across the street got a 24 hour security guard, the breakins stopped.

 

Ha Ha ha, are you joking ? if your an anglo saxon, you may have some issues.

Go there, walk the streets, decide if you want to live among the people who inhabit the area, there will be good and bad, but if the few bad are willing to act or knife each other or shoot each other, it may not be worth it unless you can really blend in.

I would suggest IP yes, PPOR No.

 

There are bucket loads of thiefs, petty criminals, violent people, juvenile delinquents that roam the streets and will rob if opportunity exists & druggies of various sorts that are much worse in short distance to the stations/shops.

You won't find it dull to live in these areas in a criminal regard if there is opportunity.

 

Yep. I parked and locked my pushbike outside a chemist at Campsie, I ducked in to buy something. 5 minutes later I get back to my bike and I notice part of it is missing.... In the parts of Sydney I frequent this would never happen. I'd even say Flemington is better.

 

Campsie isn't too bad.

 

I am living in Lakemba. The 2 bedroom unit of 400-450k is quite old ( 40 years) and its conditions are not good. The better unit will be $550-600k. The unit price has increased about 40% for last 2-3 years ago. I missed the opportunity to purchase a unit in Lakemba as IP two years ago. Not sure it is still worthy to buy IP in Lakemba now? Or just wait for the price to drop? Lakemba is getting better. But not many people like to live in Lakemba. That's the reason why it is much cheaper than Campsie, Belmore.

 

As a purebred Aryan looking white boy doing door to door there I had no issues. Dodgy yes but didn't experience anything particularly nefarious.

On the other hand, a 6ft 4" white boy colleague got chased by a guy with a sword, was threatened with a beheading and then had daily death threats weeks after from two different households

 

Bankstown local area command was the busiest in the state, I am sure it is the same today.

Not as bad as Lakemba, of course each suburb will have the bad parts, not so bad and ok parts, I would rent before buying most likely if going to one of these places.