The South-West's future infrastructure hotspots such as the airport hub, Western Sydney International Airport, Camden Medical Campus and Sydney Science Park are proving to be investment catalysts.
This multi-billion-dollar funding injection for South-West infrastructure projects is laying solid foundations for the future growth and prosperity of all Sydney.
Growing greenfield suburbs, such as GledswoodHills, OranPark, GregoryHills and Leppington, are all within a 10- to 20-kilometre radius of the infrastructure hotspots and are already benefiting from the massive funding boost.
The South-West is igniting Sydney's future growth. Investment dollars being poured into the region solidifies its future growth, particularly in suburbs close to key infrastructure. It's anticipated much of Sydney's growth in the next 10 years will be concentrated in Western Sydney, particularly greenfield developments with land availability. They're fast becoming destinations of choice for Sydney home-buyers. A broad range of affordable investment opportunities currently offers investors an attractive buying proposition in these developing suburbs before they're established.
Lifestyle opportunities, future growth and connectivity make suburbs like Gledswood Hills appealing.
Ernst&Young research shows building the new airport is expected to generate an extra $1.9b for the Western Sydney economy. The airport will be a catalyst for employment in the region, with 11,346 jobs needed during construction. By 2031, the airport and the area will need almost 28,000 jobs.
Professionals Narellan's MichelleNash said: "Expected job creation will further drive demand for homes here. Market prices and rental vacancies are already very low compared to the North-West growth areas. Gledswood Hills for example, has a relatively low percentage of rental properties due to a high uptake of owner-occupiers. This makes it enticing for investors."
The South-West is expected to be Sydney's fastest growing region. The largest increases here are expected in Liverpool, Camden and Wollondilly.
Ms Nash said: "Affordability has always been the key to invest here as the South-West is one of the most reasonably priced areas in the Sydney basin. Upgraded roads such as Narellan Road and Camden Valley Way and the new rail line through to Leppington have made the area more accessible.
"Investors are coming into the region from all parts of Sydney for the solid rental returns. Return on investment as a percentage and lower house prices to move into the market makes this region very appealing. Prices for a new four-bed home average $720,000 with expected returns between $520 to $590 a week. The typical time to rent a property is two weeks.
"The main requirements for property investors are affordability, infrastructure and a growing population. The South-West ticks all those boxes. More infrastructure is coming over the next 25 years with major rail and airport projects and available land is increasing in developing suburbs. Families are being drawn to these suburbs because they're not as busy as inner-city suburbs."
Latest ANZBank figures forecast Sydney property prices to return to positive territory with about 4 per cent growth next year.
August and AnnamarieD'Souza currently live in The Hermitage at Gledswood Hills and recently bought an investment property in the masterplanned community. August said: "We wanted to set ourselves up for the future, as well as our two young children. The growth in the South-West now and in the future as well as accessibility to the new airport appealed to us. Schools, shops, parks and open spaces for recreation are close by. We don't need to travel, everything's here. This area suits our needs and will also entice many other families, too, as the region expands. Buying here is our retirement plan."
- Sekisui House: sekisuihouse.com.au.