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Why is Seven Hills cheap?
Blacktown city council. West side of Old Windsor Rd. Reputation. Actually, I consider Seven Hills (well parts of it) good value for money right now, as I do several other suburbs within close distance.
Stick to South Seven Hills or the area opposite the start of Kings Langley (behind Seven Hills public school) for the better areas.
If you only have $350K to spend you are limited to the suburbs on the Blacktown council side, as this will only (just) buy you a townhouse in neighbouring Baulkham Hills.
Why Kings Park, however? It's further west, has no rail and, as far as I'm concerned, less potential than surrounding suburbs.
For current value for money, look at Baulkham Hills, Castle Hill, Northmead and Winston Hills. You may be lucky to pick up a house suitable for reno in Winston Hills however it won't be easy.
Failing that, consider Quakers Hill- plenty of stock for sale that needs work, and you may be able to buy something within walking distance of the station as well. Good luck
The areas I mentioned are preferred due their position (not too close to the railway line or pub) and type of housing. Sth Seven Hills (in between rd of same name and Blacktown Rd), in particular, has more "reputable" streets, according to locals, and a higher percentage of private (not housing commission) brick housing built from 1970's onwards. There are also "younger" sections, with bigger and more modern housing that was constructed in the late 80's.
Don't forget that, in the 70's, I'm told that KL was actually known as Seven Hills and so when the name change took effect, along with the proliferation of new housing being built (70's and 80's) it became a more sought after suburb. Being able to say to buyers that it's on the KL side apparently brings more money to vendors, if you get my drift
If I was looking to buy in SH, I'd be sticking to the nicer side of town (reputations take a long time to change) not too close to the station (10-20mins walk) in a family area, with a house that can have value added to it in some form (reno, extension, future dvpt) and with a gross yield that is likely to improve (not too hard given the current market). I'm not really up with rents too much in that area, but I can tell you that $300 a week is going to get you a very basic 3 bed brick home (or more likely weatherboard) in these areas.
The real expert on this area is my fellow director, Theresa, actually, as she knows the nitty gritty down to street level (and house, in some cases!) so if you have any specific questions, I'll see if I can get her to help you out here
[ 本帖最后由 黑山老妖 于 2007-7-3 14:02 编辑 ] |
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