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The top western suburbs in Sydney to invest in

August 19, 2019 10:00 am by Upside

Western Sydney is one of the fastest-growing populations in Australia and the country’s third-largest economy. The area’s population is expected to grow from 2.2m to 2.9m by 2036, housing more than 50% of the Greater Sydney Region’s population.

With the upcoming opening of the Western Sydney Airport and major developments slated for the region, it’s no surprise that the western suburbs of Sydney are fast becoming some of the city’s top investment hotspots.

Considering investing in Western Sydney? Here are the suburbs to keep an eye on.

Blacktown

Home to a well-established community, Blacktown has seen substantial growth over the past few years and is showing no signs of stopping. The suburb is well known for its multiculturalism and local attractions, including Wet ‘n’ Wild, nearby Featherdale Wildlife Park and the state’s last remaining drive-in cinema. Blacktown is also home to Westpoint, a major shopping and entertainment hub.

Blacktown houses:

  • Median price: $693,500
  • Annual capital growth: 8.44%
  • Weekly median advertised rent: $430
  • Annual rental yield: 3.2%

Blacktown units:

  • Median price: $491,000
  • Annual capital growth: 7.37%
  • Weekly median advertised rent: $410
  • Annual rental yield: 4.3%

Pendle Hill

30km west of the Sydney CBD, Pendle Hill is one of Western Sydney’s hidden gems. The suburb’s quiet, leafy suburban streets hold plenty of appeal for families, while its close proximity to the M4 and Cumberland Highway is a drawcard for those who work in the city. Pendle Hill also has two local schools and a large shopping centre with over 50 specialty shops beside the railway station.

Pendle Hill houses:

  • Median price: $815,500
  • Annual capital growth: 8.27%
  • Weekly median advertised rent: $480
  • Annual rental yield: 3.1%

Pendle Hill units:

  • Median price: $527,500
  • Annual capital growth: 8.20%,
  • Weekly median advertised rent: $430
  • Annual rental yield: 4.2%

Baulkham Hills

Situated approximately 31km from Sydney and next door to Castle Hill, Baulkham Hills offers great value for money and plenty of investment potential thanks to its sports and leisure facilities, shopping centres, restaurants, parks, schools and transport. The development of the North West Rail Link is also likely to drive up prices in the area as buyers look for homes in well-connected suburbs.

Baulkham Hills houses:

Median price: $1,071,000 Annual capital growth: 7.92% Weekly median advertised rent: $595 Annual rental yield: 2.9%

Baulkham Hills units:

Median price: $750,000 Annual capital growth: 6.95% Weekly median advertised rent: $525 Annual rental yield: 3.4%

Merrylands

A neighbouring suburb of Parramatta, Merrylands was once overlooked at just another ‘boring’ Western Sydney suburb. In recent years, however, the area has seen a major transformation and today is the very definition of a tight-knit multicultural community. The area is full of decent-sized family homes and well-connected to the city via the train and the M4.

Merrylands houses:

Median price: $812,500 Annual capital growth: 8.18% Weekly median advertised rent: $525 Annual rental yield: 3.3%

Merrylands units:

Median price: $486,600 Annual capital growth: 6.94% Weekly median advertised rent: $420 Annual rental yield: 4.5%

Lidcombe

Home to Costco, schools, shops and restaurants, all connected with a well-serviced public transport network - Lidcombe has it all in spades. Properties here are diverse, spanning everything from modern studios and small older-style boutique flats to freestanding houses. Some older homes have been renovated, while others still in need of a revamp offer plenty of value-adding investment potential.

Lidcombe houses:

Median price: $1,160,000 Annual capital growth: 9.92% Weekly median advertised rent: $583 Annual rental yield: 2.9%

Lidcombe units:

Median price: $756,000 Annual capital growth: 7.55% Weekly median advertised rent: $530 Annual rental yield: 4.3%

Sources: CoreLogic data realestate.com.au

Upside

Upside is an Australian-owned, full-service real estate agency with one low fee and no commission. Our standard is other agents’ ‘extras’, delivering vendors a complete agent managed service including a full appraisal, open home management, copywriting, photography, signage and advertising. It's the way real estate should be.

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