Hot Sydney Locations Expected to Grow In 2017
The prices of homes in Sydney suburbs in 2017 are expected to grow modestly in comparison to previous years, but some areas will likely outpace others.
Michael Murray, Managing Director of Murray Property claims, “Sydney has witnessed huge growth numbers in the last few years. But the current housing development boom will eventually slow down the rate of growth. Nevertheless, some suburbs will continue to benefit from hefty value increases. Convenience, infrastructure and accessibility will play all-important roles. This is great news for people looking to get into the market now or those who already own homes there.”
Michael reveals some hot Sydney suburbs dressed to impress in 2017.
Pendle Hill – Leading In The West
Pendle Hill is an upcoming suburb with good promise. The suburb is just 6 km to the west of Parramatta and 30 km from the Sydney CBD. Pendle Hill is alluring for first-home buyers and property investors for its existing train line, attractive mid-range pricing, convenient accessibility and major infrastructure development plans. The new West Connex construction will also create greater accessibility for residents. An existing shopping centre is already home to over 50 speciality shops catering to different needs.
Dee Why – Affordable Beachside Living At The Forefront
Dee Why’s coastal lifestyle shows tremendous promise for homebuyers. The best part is that it is cheaper than some of its more popular counterparts like Bondi and Manly. Two-bedroom apartments are still under $800,000 and the CBD is just 18 km away. These factors are highly attractive for many homebuyers. Cashed up buyers looking for bigger homes will also find Dee Why appealing for its cosy lifestyle and CBD accessibility.
Castle Hill – A Jewel In North West’s Crown
Castle Hill not only enjoys beautiful natural landscapes, but it is also poised to give new homebuyers added incentive when the new metro comes up in 2019. This new construction will boost connectivity of this tranquil and well-served suburb significantly. The $8.3 billion northwest rail announcement has triggered demand for housing in Castle Hill. Many homes are now giving way to higher density apartments constructions. Castle Hill is now poised to become one of the faster growing Sydney suburbs with booming constructions and is no longer considered far.
Macquarie Park – Building Bridges Between The North’s Businesses And Residences
Macquarie Park houses a number of businesses, educational institutions and residential properties. This suburb has carved a niche for itself thanks to its diversity in offerings. Situated just 12 km from the CBD and serving large businesses, Macquarie Park is in demand for people seeking to live closer to workplaces without compromising on lifestyle. Macquarie Park falls under the NSW government’s Priority Growth Precincts programme and is close to the M2 motorway with a well-connected train line. The intention of this programme is to enhance employment and housing proximity. Excellent transport facilities and accessibility create an opportunity for growth.
Buyers looking to snap up properties should consider these high-growth Sydney suburbs. They create potential for excellent returns in the long run.