Smart investor: "Parramatta's a really nice area to live for the simple fact it's affordable," said Arpan Dandothkar, pictured here with sons Anushuman, 5 and Ashutosh, 7, and wife Prateema. Picture: Mike Sea
ARPAN Dandothkar recognised the earning potential of homes at Parramatta in 2012 — and promptly acted on it.
"I've been living in the Parramatta area for eight years now and I think it's very convenient for everything — commuting, shopping — and it's obviously multicultural," Mr Dandothkar, 39, said.
The Indian-born IT professional from Harris Park purchased a two-bedroom investment property in Parramatta in December for $375,000.
"The majority of buyers in Parramatta are professional two-income earners [who] work in Parramatta," Just-Think Real Estate Parramatta principal, Edwin Almeida, said.
Tim McKibbin, the chief executive of the Real Estate Institute of NSW, said: "If you can get onto a train system and get to your place of work quickly, then clearly that has a value too."