How to find Sydney’s next big growth suburbs
Keen to know where to invest in property, but you have no idea where to start?
Douglas Driscoll, CEO of real estate agency Starr Partners, offers property buyers his insights into the Sydney suburbs that he believes will boom – or in some cases, continue to boom – in the year ahead.
A suburb that really started to boom in 2016, Douglas believes it will “continue to grow well into 2017”. “More than 4000 new homes have been approved in the suburb, which is just a 35-minute drive to the Sydney CBD. With the redevelopment of Blacktown Hospital and a grant to kick-start energy projects in the area, Blacktown is a suburb to watch,” he says.
Panania, situated around 23km from Sydney’s CBD, offers great value for money, according to Douglas. “Many people in the area have started knocking down the older fibro homes and replaced them with duplexes, and with prices rising steadily, I believe that 2017 could be a good time to snap something up while the average house price there is still under a million,” he shares.
- Emu Plains
Located at the foot of the Blue Mountains, Emu Plains has plenty to offer those who want affordable living, while still living (just!) within commuting distance to the CBD. “Being the last suburb on the T1 Western Line, residents have regular trains as opposed to the hourly mountain trains. Emu Plains is also close to shopping centres such as Westpoint Blacktown and Westfield Penrith.”
Croydon is one of the Inner West’s hidden gems, located within a 20-minute commute to the CBD. “It’s full of classic Californian bungalow homes, and the suburb is fast becoming a hotspot for younger buyers,” Douglas advises. “I would consider the suburb to be the new Erskineville, with some great local schools giving it that inclusive family vibe.”
- Macquarie Park
Several residential projects in Macquarie Park are setting the suburb up to become one of Sydney’s next big suburbs. “Redevelopment is already underway and, already, the suburb boasts one of the city’s best commercial districts, making it ideal for those who want to live close to their place of work,” Douglas says. “Macquarie Park’s location speaks for itself, with only a 35-minute train to the CBD, and the convenience of motorways such as the M2.”