With the Australian cash rate now at a record 0.75% and Sydney seeing strong home price gains, many investors are now looking for portfolio opportunities that will attract value growth and rental demand as confidence returns to the market. This naturally raises the question of where the up-and-coming suburbs in Sydney are, and which criteria can be used to find them. If we consider the key lifestyle factors of connection, career and community, then it’s wise to look within 10km of the city in a location close to parks and culture, transport and work opportunities in the city. As such, these suburbs are showing promise for 2020 and beyond.
Waterloo has long been considered an ideal distance from Sydney CBD and the airport, and in recent times it’s become a particularly desirable place to live and work. East Village shopping centre and Danks Street now offers a colourful myriad of choice when it comes to dining, retail and weekend events. The new underground Waterloo station connects the suburb effortlessly via the Sydney metro, and from 2024 residents can expect a rapid two minute trip to Central Station and a six minute trip to Martin Place metro station. It’s therefore little wonder that investors are seeking out apartments for sale in Waterloo such as Mastery by Crown Group and Waterfall by Crown Group.
Green Square is Sydney’s newest town centre in over 100 years, revitalising sections of Beaconsfield, Zetland, Rosebery, Alexandria and Waterloo with an extraordinary $13 billion urban renewal construction project. The development is set to be home to 61,000 residents by 2030 and become the most populous village in the City of Sydney by 2031, with a predicted 5.1% growth in population per year over the next two decades. With a state-of-the-art aquatic and recreation centre, six-star sustainability initiatives and creative community spaces, investors would do well by considering Green Square apartments at Infinity by Crown Group.
As of 2018, Eastlakes had obtained a 8.16% growth over a ten-year period, and the future is looking bright for this suburb just eight kilometres from the CBD. It’s gained the reputation of one of the last hidden gems in the east, thanks to Crown Group’s Eastlakes $1 billion development, Eastlakes Live. This development is reinvigorating the tired Eastlakes shopping centre into a beautiful modern hub complete with retail, a restaurant promenade, cafés and supermarkets, plus brand-new apartments situated just moments away from every convenience. It’s an easy journey by train or bus to the airport or Sydney CBD and the suburb is known for its sprawling green spaces and golf courses, making Eastlakes a promising option for early investors.
Parramatta and Satellite Cities
We’d be remiss if we didn’t mention the opportunities in the city centres that are a little further from the Sydney CBD and offer their own culture and employment opportunities within an easy 30 minute journey. Parramatta fits firmly into this criteria, offering its own diverse riverside restaurant and retail scene that gives it life and personality of its own. Parramatta was seventh out of the top ten most popular suburbs to buy in in 2018, and over the next 40 years it’s expected that almost half of Sydney’s projected population of 8 million people will live west of this suburb.
Whether investors are searching for Parramatta apartments or residences in brand new Green Square, one thing is certain – well-connected, central properties amongst thriving communities will always have appeal.