ausafahsan

Very quiet cul de sac street on a hill with good view.
800 metres from Mt Druitt train station and Westfield mall.
Only 22 homes. No parking issues . Close to Carlisle avenue connecting M4 and Great Western Highway.
Near 3 clildcare centres , church, 2 mosques, 2 schools.
Location is most demand in Mt Druitt.
Next to William Mason Reserve with kids playing area, park with kids rides.

Mt Druitt, 43km west of Sydney, is turning into a property boom zone as investors look to cash in on its high rate of renters - more than 40 per cent of Mt Druitt residents are tenants.

And in July 2013 Mt Druitt cemented its status as a seller's market after a house sold for $780,000.

Local real estate agents say demand for houses and units in Mt Druitt is outstripping supply.

While many parts of Sydney have recorded negative growth recently, Mt Druitt house prices have increased a healthy 12 per cent in the past three years, and offer a seven per cent rental yield.

More than 40 per cent of Mt Druitt's population rent making it attractive to potential buyers.
Every month prices are going up more because there are too many buyers,"

Whenever one sells, the next will sell for a bit more.''
Sold!!! a five-bedroom Mt Druitt house on the weekend for $780,000.

"The record has raised the bar in terms of what vendors can expect for top end properties,''
Ahouses on decent blocks are going for around $430,000, up from $380,000 12 months ago.

Investors have a number of investment properties in Mt Druitt. They offer a rare mix of price growth potential and high rental yield.

"Capital gains are the best in affordable areas,'' id. "A $1 million property in Mosman will not double in value any time soon, but if you invested $1 million in multiple Mt Druitt properties, the values would double much quicker. There is more demand for rental properties than what is than what is available, so the returns are good.''