Hello,
I'm targeting my next IP down in the Wollongong region
Rationale:
-Yields are much better than Sydney
-Entry price is lower
-Absolute growth has a little way to catch up to Sydney
My search has been narrowed down to Warilla or Dapto. I grew up in Albion Park but now live in Western Sydney, so am very familiar with both locations as still have family there. I am aware that there are high levels of Dept. Housing estates in both areas.
I'm looking for some opinions on both areas
Dapto
Pros: Access to train, access to freeway
Cons: Large supply coming online in West Dapto/Calderwood, Distance to beach, large dept. housing estates
Warilla:
Pros: Close to beach, close to Shellharbour Marina and Town centre, more likely to see gentrification as this is already happening in areas next to the beach
Cons: Distance to train line, Distance to Freeway, large dept. housing estates
I tend to think that a locale closer to the beach and the Shellharbour Marina Town centres may be better in the long term but interested in peoples thoughts.....
Regards,
Q
I'm targeting my next IP down in the Wollongong region
Rationale:
-Yields are much better than Sydney
-Entry price is lower
-Absolute growth has a little way to catch up to Sydney
My search has been narrowed down to Warilla or Dapto. I grew up in Albion Park but now live in Western Sydney, so am very familiar with both locations as still have family there. I am aware that there are high levels of Dept. Housing estates in both areas.
I'm looking for some opinions on both areas
Dapto
Pros: Access to train, access to freeway
Cons: Large supply coming online in West Dapto/Calderwood, Distance to beach, large dept. housing estates
Warilla:
Pros: Close to beach, close to Shellharbour Marina and Town centre, more likely to see gentrification as this is already happening in areas next to the beach
Cons: Distance to train line, Distance to Freeway, large dept. housing estates
I tend to think that a locale closer to the beach and the Shellharbour Marina Town centres may be better in the long term but interested in peoples thoughts.....
Regards,
Q
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