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Move West Pays Off For Land Buyers

Move West Pays Off For Land Buyers

THEY didn’t purchase it solely with capital growth in mind but Paul and Jocelyn Zakostelesky’s purchase of a block in southwest Sydney has proved an excellent investment. The couple purchased the land in Mulpha estate Mulgoa Rise in 2011 and built a double-storey house and a swimming pool. All up, the purchase cost them about $700,000.

“We recently had it revalued and the (value) has doubled in just five years … it was a pleasant surprise,” Mrs Zakostelesky said.

The couple had liked the area because it was close to Penrith and offered the chance to get mountain views while still being accessible.

“It was perfect for us. It is close to amenities and parks and the local shops have been expanded. We feel like we’re four minutes away from

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