If you’re looking for an investment property in Sydney, then Green Square should most certainly be on your list of areas to consider. As one of Sydney’s major up and coming suburbs, Green Square is set to experience its own property boom and can offer you a fantastic return on investment in the near future.
But what exactly is it about Green Square that makes it a great area for investment?
Before being redeveloped into a thriving hub of residential developments, excellent infrastructure and transport links Green Square was one of Sydney’s oldest industrial centres. In fact, it’s the first time in over 100 years that the City of Sydney has designed and implemented the funding and construction of a new town centre. The $13 billion urban renewal project will cover 278 hectares and provide 30,500 new residential dwellings.
With a population expectancy of 61,000 people by 2030, Green Square is set to be a high-density hub and an extremely desirable location for investors and owner occupiers alike.
State of the Art Facilities
The City of Sydney has committed $540 million to the development of Green Square over the next ten years. This will contribute towards world class community facilities such as a new aquatic centre, library and plaza, new parks and playgrounds, a childcare centre and a creative hub. The money will also go towards building and improving vital infrastructure like stormwater drains, roads and footpaths.
As a huge new development of an entire town centre, Green Square is at the forefront of modern town planning. Investing in a property here will guarantee quality infrastructure and top class facilities which will be advantageous for owner occupier, resale or buying to let purposes.
Aside from the fantastic community facilities, private companies are also developing innovative and high-end buildings in the area. Crown Group’s Infinity project for example will be at the centre of Green Square’s development.
With two levels of superb shopping and 18 levels of deluxe apartments encased by curved façades of subtly patterned glass and aluminium, Infinity by Crown Group will set the benchmark for urban living in Sydney’s newest vibrant hub. So if you’re looking for luxury apartments in Sydney, these are most certainly worth considering.
Situated 3.5km from the CBD and only 4km from the airport, Green Square is a fantastic central location ideal for city workers, particularly those who travel regularly.
As Sydney’s population rises rapidly, luxury apartments within easy reach of one of Australia’s major business districts will be in high demand. Property investors should therefore seriously consider Green Square, particularly as an area that will yield high rental income.
Green Square town centre is being designed to accommodate the future addition of light rail which City of Sydney Council is planning alongside the NSW Government.
The new town centre will also feature a network of new streets and cycleways for residents and visitors to walk or ride easily through the area. Council is building more cycling routes in Green Square than in any other part of Sydney and is completing new streets and paths to provide quicker and easier access to the train station.
Major transport improvements including the introduction of a light rail will not only assist owner occupiers with their commute but is also likely to add significant value to properties in the area in both rental prices and resale value. This makes Green Square apartments prime investment properties.
If you’re looking for an apartment for sale in Sydney or considering investing in a Green Square property, contact our Sydney office for advice and information.