Just thinking to buy an investment property, priced around 650k in Homebush/Homebush west. I need to borrow 80% of the property value from the bank. What is your opinion? Now lot of people are saying about "Property Bubble" especially around that area. But still price is going high in those location.
Any Suggestion for Buying an Investment Property at HomeBush/HomeBush West
urs1973 on 17/04/2017 - 21:47
Comments
there are also a lot of big unit blocks going up around the m4 freeway side.
If you have the money, go for it. People have been talking about the bubble for 10 years now and it still hasn't burst! The simplest way of looking at it, is that as long as demand outstrips supply, the bubble will not burst. Estimates claim that in NSW alone there is a shortage of approximately 100,000 houses. At this rate, the longer you leave it to make a decision, the more it will cost you.
Why do people post on here expecting replies which are equivalent to professional advice?
My suggestion is talk to an "asset manager" or "lawyer"
:)What is your opinion?
OP is not expecting replies of professional advice, but simply everyday opinions AKA common sense.
Engaging an "asset manager" (whatever that is) or "lawyer" is not even relevant at the "thinking about" stage.
homebush is way better closer to train transport to the city and can walk to Strathfield station also plus shopping complex at Strathfield or north Strathfield.