Getting your foot on the property ladder in Sydney is a much harder task but there is one region in Sydney that still has affordable properties up for grabs.
With a kaleidoscope of properties on the market, from one bedders in the Liverpool CBD, to expansive land further afield and potential for growth into the future, experts believe Sydney’s southwest is the place to buy and invest.
A three-bedroom established home in Sydney’s southwest starts from the mid to high $500,000 to a six bedroom, four bathroom mansion in Horsley Park for a cool $4.9 million.
One project currently on the market is The Paper Mill.
The precinct, on the banks of the Georges River, has brand new one bedroom apartments starting at $465,000 and two bedrooms from $575,000, below the $650,000 sweet spot.
Coronation Property, the company behind The Paper Mill build, has just released its final stage. It is tailor made for first time buyers with almost 70 per cent of its apartments below $650,000.
Sales director Jason Soulos said these prices were indicative of a lot of housing around Liverpool and the greater west. “Which is perfect for first home buyers as it sits in that sweet spot under $650,000, somewhat dispelling the myth that there is nothing on offer for young buyers in Sydney,” he said.
Mr Soulos said Liverpool’s youthful median age of 33 was a result of the area’s well-priced apartment housing and booming economic potential.
He said approval of the $47 million Moorebank marina and 240-hectare Moorebank intermodal freight terminal would bring jobs and investment to the area.
“Liverpool already ticks a lot of boxes for infrastructure and there’s more on the way with the region set to benefit from $7 billion in infrastructure investment over the coming decade.”