19Jan

How do suburbs rate in Sydney?

extracts from Stuart Fagg, ninemsn Money

SYDNEY: The 5 property hotspots in Sydney are located largely in the west and southwest of the city, although there is one within 10km of the CBD.

Granville, NSW: With a population of around ten thousand, a median house price of $347k, and a high rental occupation, the numbers make Granville seem like a great opportunity for investment. But is it really worth the money? What do you think? Click here to rate and review Granville.

Rockdale
, NSW: “Distance to city and beach and airport is ideal. It has supermarkets, a shopping centre, places to eat and good public transport. I can not understand how it could be so cheap,” said resident Charlie, even though Rockdale ranks only 6.3/10 on our suburb review tool. Higher median house prices and negative growth could be bringing down Rockdale’s reputation. Do you agree?

Lidcombe, NSW: Although Lidcombe hasn’t been rated, it’s logical to assume that with a median house price of $450k for houses and it’s proximity to major roads, it’s a bargain. But how does the community hold up?


Riverwood
, NSW: Though one of the most remote suburbs listed in the Sydney area, Riverwood boasts a median house price of $455K and a busy rental market. The older population – with a median age of 40 – might be a factor for many young families looking to buy. Is Riverwood really a bargain? Rate and review it now.
Waterloo, NSW: Waterloo resident “Trosa” is very enthusiastic: “Inner city suburban living – love it. Best value for money in Sydney!” Another Waterloo regular visitor has different views: “I work here and hate the noise this suburb has. Its concrete roads and high units being built is just too crowded and claustrophobic. You cannot breath. Just sit on O’dea Avenue for 10mins…you get run over by a truck and you have a headache. YUK.” Rental rates are massive – 77% – which means it might be a great place for investors. What do you think?

Waterloo, NSW: Waterloo resident “Trosa” is very enthusiastic: “Inner city suburban living – love it. Best value for money in Sydney!” Another Waterloo regular visitor has different views: “I work here and hate the noise this suburb has. Its concrete roads and high units being built is just too crowded and claustrophobic. You cannot breath. Just sit on O’dea Avenue for 10mins…you get run over by a truck and you have a headache. YUK.” Rental rates are massive – 77% – which means it might be a great place for investors. What do you think?

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