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Peter Koulizos takes a look at investing in the NSW suburb of Kogarah featured on realestate.com.au
Overview
Kogarah is 13 km S from the Sydney CBD and 1 km to the beach. The housing is generally detached, constructed in the 1950’s and 1960’s of red brick and sited on generous sized blocks of land. There are also some fibro homes and a few character homes dotted throughout the suburb. There are indicators that property developers are working in the area as evidenced by the new homes and high rise apartments that have recently been built.
There is an abundance of shopping in Kogarah, in particular around Regent St. There are many schools in Kogarah, ranging from private and public schools, primary and high schools. The section of Princess Highway between President Ave and Rocky Road is the heart of this commercial hub. There are 5 schools, a TAFE college and not one but three hospitals; St. George Hospital which is a public hospital and St. George Private and Wandene Private Hospitals. Access into the city is relatively easy, whether it be by bus or train.
Why you should buy here
- Affordable suburb that is reasonably close to the city
- Only 1 km to the still waters of Botany Bay.
- The prime beach side suburbs of Brighton-Le-Sands and Monterey are adjacent Rockdale.
- Some opportunities to quickly add value through the renovation and updating of the character homes.
- With the number of workers in the area, employed by the hospitals, TAFE and St. George bank, there is a heightened demand for housing in this location, especially rental accommodation.
- Close to the airport and the employment opportunities based in this transport precinct.
Areas to focus on
The west side of Kogarah is lined with wider streets and it is closer to the beach and the retail and eating precinct in and around Bay St in Brighton-Le-Sands.
Areas to avoid
The Princess Highway and Rocky Point Road are the main roads through Rockdale and best avoided if you are wishing to buy residential property. President Ave is also quite busy. Also avoid purchasing adjacent the train line.
Happy House Hunting!
• Written by Peter Koulizos, university lecturer, author and property advocate.
