Why Dee Why is a value pick for first home buyers: HTW
Sydney’s northern region presents a good option for first home buyers thanks to potential depreciation benefits, according to HTW’s Month in Review: March 2017.
The valuation firm says government incentives for buying a new property and capital growth prospects make the area attractive to both investors and owner-occupiers.
In the northern suburbs of Sydney you can spend between $650,000 and $700,000 and purchase a one bedroom unit in Chatswood, Mosman and North Sydney, the report says.
However, the firm says that Dee Why presents better value with sub-$600,000 options available - well below the Sydney-wide median figure of $850,000.
“These are all good starters but have the potential to be ‘out grown’ quickly,” HTW says.
A one bedroom apartment at 9/31 Hawkesbury Avenue, Dee Why (above) has a price guide of between $550,000 to $600,000.
Similarly a two bedroom apartment at 9/24 Lismore Avenue, Dee Why (below) has been listed for $700,000.
