澳洲Australia property Sole parent families and Growth | Sydney
在澳大利亚 I need some advice regarding a property purchase. Property - semi-detached house Bedrooms - 2 Condition - average needs internal reno to modernise Street - one of the best in suburb Location - excellent Close to schools - yes Transport - 50m The pool at of an IP needs to be resurfaced (or so the pool doctor says), the cost was estimated to be $10K ($10,000), after recoverying from my impresssion of a cat coughing up a fur ball, it just seems far too much. Its just a standard poo
I've found a suburb i may want to invest in but I'm turned off by a couple of things. (I'm a beginner)
1) 50% owner occupiers
2) the predominant household is made up of sole parent families.
I feel as though these factors will negatively affect future growth,
What do you think?
FWIW, IMO, owner occupieds are generally good for an area as OOs typically take more pride in their property. Also if people want to OO in that suburb, they are buying with emotion, which is where the demand part of the equation pushes prices higher.
As for other socio-economic factors, speaking in general terms, if the surrounding suburbs are already appealing or are in the process of being gentrified, then the improved amenity would typically drag this one up too. (Assuming it may not be a blue-chip suburb already?)
This also assumes the suburb meets other criteria; access to shops, transport (bus/train, freeway), entertainment, schools, etc.
Can't comment on any specific suburbs in Brissy as I don't know them too well.
Those factors can play a negative role. However, I wouldn't dismiss a property based on those factors alone. What are the numbers telling you? Does it fit with your investment strategy? Is their gentrification going on in the area?
From my experience, it's areas like this that offer affordable entry level IPs with relatively good yields. If your searching for an IP with decent CF, then maybe this area is an ok option (I'm making assumptions here - I have no idea where your talking about. It's not Logan is it?)
On the bright side, it means there's a large pool of potential tenants