Hi all,
I'm just looking for some opinions and outlooks for Marrickville in Sydney. My dad has a little unrenovated terrace there which he bought for $450,000 around March 07, and as I'm the primary RE enthusiast in my family, he looks to me somewhat for guidance and advice, so I like to keep an eye on his IPs as well as my own.
More specifically, the place is two-storey, two-bedroom, on around 200sqm on Victoria (a main road).
As just mentioned in the 'rents in Sydney' thread, he has just scored a new tenant, taking the rent from $350 to $400.
From what I can gather through my own research he's had little if perhaps no capital growth since he bought it as these places still seem to be priced around this mark. Still, as I said to him once, it's better to buy a bit too early than buy a bit too late.
Also, I keep hearing about how the western suburbs of Sydney are doing so poorly and wonder does this include Marrickville, or is that considered inner city?
Thanks for any and every bit of info (opinion or fact) you have about this suburb.
-Ian
I'm just looking for some opinions and outlooks for Marrickville in Sydney. My dad has a little unrenovated terrace there which he bought for $450,000 around March 07, and as I'm the primary RE enthusiast in my family, he looks to me somewhat for guidance and advice, so I like to keep an eye on his IPs as well as my own.
More specifically, the place is two-storey, two-bedroom, on around 200sqm on Victoria (a main road).
As just mentioned in the 'rents in Sydney' thread, he has just scored a new tenant, taking the rent from $350 to $400.
From what I can gather through my own research he's had little if perhaps no capital growth since he bought it as these places still seem to be priced around this mark. Still, as I said to him once, it's better to buy a bit too early than buy a bit too late.
Also, I keep hearing about how the western suburbs of Sydney are doing so poorly and wonder does this include Marrickville, or is that considered inner city?
Thanks for any and every bit of info (opinion or fact) you have about this suburb.
-Ian