Monday, July 12, 2010

Prior to relocation - research on Sydney suburbs - Part 1

Research on suburbs have been ongoing for the LONGEST while, and has not really been concluded yet.   But here is what ive found out.

Domain.com.au - Indispensable.   What would I do without you!!!

Items i love on Domain.com.au
1. Suburb Profile
Love the information on the demographics of the population

2. News and Finance - Finance calculators - What will my minimum loan repayments be
Beware, AU interest rates currently stand around 6% and might hit 8% by end of 2010 or 2011.  This calculator is so important if you are considering to rent or buy.  High interest rates totally changes things.

3. And of course the easy to use Buy and Rent features.

Sydney Suburbs I've identified..
I guess our priorities in picking suburbs would be price and safety.  Proximity to Asian communities would also be a consideration although much has been said about coming to Australia and integrating with the local Caucasian population.  While I have to agree that point has some merit, if we stay in a white community, where would we get Asian produce!  So, proximity to Asian communities is definitely important, seeing that we'd need the spices and herbs and Asian dried goods fairly regularly.

Rents per week we're looking not to exceed AUD470, so that will cost us almost AUD2k a month.  Coming here on a single income, with 2 sets of dependents to consider back in Singapore, sadly the rent will have to be minimized =(

Here are the suburbs still in consideration -
Northern Suburbs - front runner.  Love Epping, seems like a good combination of urban living and lots of green as well.  Eastwood just 1 station down seems to be a Chinese hub, and Top Ryde the new shopping center is nearby.   Ryde/Eastwood/Epping would really be our first choice, but rents here are fairly high, at least AUD470 for a 2 bed 2 bath place.

St. George - in consideration.  This would include suburbs we are considering like Rockdale/Hurstville/Penhurst/Beverly Hills.  Really good connectivity by train, minutes to the eastern beaches (such as Bondi) and loads loads of commercial facilities, restaurants etc.  Cons - Hurstville in particular seems to really lack parks, and the area seems a bit less safe than the Northern Suburbs.

Homebush - Less of a consideration.  Homebush West is near the Flemington market.  That in itself is wonderful (as i would assume, not being currently in Sydney).  Imagine having a huge market that you could walk to on days that it opens.  The market largely runs in the early mornings, so fighting to get there by train on a weekday is really not ideal.  Which will mean marketing will eat into half a day in our weekend, a boring exercise and a full freezer if its done just once a week.  Yucks.  Homebush west has lovely new 3 bedroom units at rents of AUD470 weekly!  An amazing price given its proximity to the huge parks in the Sydney Olympic Park, decent connectivity by train, and proximity to Flemington markets.  Cons...  You'd never guess - its also walking distance to Sydney's largest cemetery, Rookwood Cemetery.  Over 1 million dead are interred there.  FAINT.  Now you know....    A spin on Necropolis drive anyone?

Carlingford - in serious consideration.   May be the only area that meets the rent and safety criteria in the end.  3 bed room units available there for about AUD470 a week, and 2 bed 2 bath at just AUD 400.  Leafy, green, loads of parks, a small shopping center that has both a Woolies and a Coles and a Target to boot.  And seems the area also produces great schools. See School Ranking (Primary Schools, NSW) here. Cons...  although its fairly near the city just 15km from Sydney city, it takes 1 hour (excluding walking time) on public transport!!!  and, trains arrive only at half hour intervals (more on that shocking statistic about Sydney in another unwritten post).

Argh.  Decisions, decisions.  But more importantly, where will we stay with we first get into Sydney??

2 comments:

  1. wow! just learnt about your new blog!
    Amazing how much homework you've done already!
    Congrats on the move!

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