The future is bright for home buyers in North West Sydney, according to the latest insights from expert property research group Urbis.
A recent Urbis presentation to Stockland builder partners revealed North West Sydney locations such as Marsden Park and Schofields were well placed to benefit from an expected population boom, together with forecast jobs growth and new spending on infrastructure.
Our Elara residential community is located in Marsden Park while a great range of designer townhomes are available at our Altrove community in Schofields.
Urbis said the fundamentals of the Sydney property market remained strong with average price growth of 7.2% per annum over the past 10 years, falling unemployment and a pick-up in wages growth in NSW.
It said key factors that contributed to a sustainable residential property market – access to amenity, population growth, jobs and new infrastructure – were all present in North West Sydney.
Examples of all the handy amenity in the Marsden Park and Schofields region included a wide range of shopping and entertainment, schools and higher education options, health services and numerous parks and recreation facilities.
Urbis said the local population was younger and more affluent than five years ago with household incomes also rising. It said population growth was coming from new home buyers moving from Sydney’s Central West to the North West.
More than 23,500 new jobs were expected to be created by 2036 and billions of dollars spent on infrastructure such as Sydney Metro, Rouse Hill and Blacktown Hospitals, new public schools at Marsden Park and Schofields, an expansion of St Luke’s Catholic College and new retail centres at Elara and Altrove.