According to experts, these five neighbourhoods could become Sydney’s newest property hot spots for 2017.
Domain.com.au has released the list, saying the areas are set to experience significant property development or ambitious infrastructure projects.
Tempe & Sydenham
Since lots of young creative types have moved to Marrickville and surrounding suburbs, the Inner West Council is planning to transform the area into a creative hub. The proposal makes way for live music venues, restaurants and bars.
As we all know, the Sydney Light Rail is under construction, and Randwick is the place set to benefit from it the most. Services won’t run until 2019, however, developers and investors have focused a lot of attention on the area.
Recently, house value has dropped slightly and large blocks are attracting the interest of investors and surf-loving families.
Everyone’s looking to see how the Parramatta Light Rail program will do when construction begins in 2018. Plus, the town centre is booming after much investment in recent years – Gelato Messina opened up!
There’s a high demand for private property in this suburb, and fewer than 60 public-housing tenants remaining. Plus, openings at Barangaroo nearby mean more dining and shopping options.