Attention shifts to southwest
NORTH AND SOUTH VIE FOR POPULARITY AS BILLIONS OF DOLLARS ARE BEING INVESTED IN BOTH REGIONS, WRITES OWEN ROBERTS
BUYERS from Sydney’s north west regions are choosing to move south into the growth regions of Camden, Campbelltown, Wollondilly, Liverpool and Fairfield, according to a major developer.
The south west growth area has seen increased investment over the past few years with the emergence of new suburbs Gledswood Hills, Oran Park, Edmondson Park and Gregory Hills.
Billions of dollars are being invested in both regions, with thousands of jobs being created and major infrastructure projects occurring.
Estate Sales & Customer Relations manager for Sekisui House Craig Barnes said there was now a major debate between house hunters whether to head north or south.
“There are many differences between the two regions, with savvy house hunters looking for lifestyle choices and future growth potential,” he said.
“New homes within these growth regions are proving to be a popular choice for all purchaser demographics, from first time buyers to empty nesters.”
A draft of the South West District Plan from the Greater Sydney Commission revealed that the district’s population is projected to grow by about 373,000 people by 2036.
The Western Sydney City Deal, an agreement between the NSW and Federal governments that was announced last year, helped to fuel investment in the southwest.
“Last year, we started to witness a spike in inquiries from prospective purchasers residing in the northwest, planning to relocate to the southwest,” Mr Barnes said.
He highlighted the price, lifestyle opportunities and future growth in the region as the major reasons for the shift.
The State Government has committed to invest more than $3.6 billion in its Western Sydney Infrastructure plan over the next 10 years.
One such development, The Hermitage at Gledswood Hills, is set to comprise more than 2000 new dwellings and is just one example of areas in the southwest that home buyers are buying into.
The Hermitage in Gledswood Hills is just one development that has sprung up in Sydney’s south west.