For those willing to commute there are plenty of property options outside of Sydney, we take a look at the top three: The Central Coast, Southern Highlands and Illawarra.
While the Sydney Property market might be unattainable for some, there are still plenty of options outside the capital close enough for those willing to commute. Of the top three, the Central Coast is projected to grow the fastest.
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Central Coast Property Market
For years the Central Coast has been a favourite spot for people looking to escape Sydney for the weekend, and now, it’s also a great place for those looking for better value and willing to commute.
If you’re working in Macquarie Park, the coastal suburb of Wamberal is just an hour away – and with the median house price just over a $1 million it is a bargain compared to Sydney where the median house price for coastal suburbs is often in excess of $2 million.
The region is also poised to benefit from improved transport links thanks to NorthConnex, a tunnel between the M1 and M2 which is expected to open in 2020.
Top Beachside Suburbs on the Central Coast
Speak with a Central Coast Mortgage Broker today.
The Illawarra Property Market
Down south the population isn’t expected to grow as fast, but there is still great value even in the regions most popular suburbs. One of those is Thirroul, which is a little over an hour from Sydney’s CBD.
At present the median house price in Thirroul is $1.2 million – a bargain compared to Bondi where a house will set you back $2.2 million. The area also has great access to public transport with train stations littered along the coast.
Top Beachside Suburbs in the Illawarra
Speak with a Wollongong Mortgage Broker today.
Southern Highlands Property Market
If the beach isn’t for you, then the Southern Highlands could be just the place you’re looking for with its historic towns and lush countryside just over an hour from the city.
Bowral, the heart of the Southern Highlands with its cosmopolitan town centre, is also the areas most popular town with a median house price of $921,500.
For those looking for better value, the nearby towns of Mittagong and Moss Vale are worth close inspection.
Top Towns in the Southern Highlands
- Moss Vale
Median House Prices Source: https://www.realestate.com.au/neighbourhoods
DISCLAIMER: The information contained in this article is correct at the time of publishing and is subject to change. It is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, Smartline recommends that you consider whether it is appropriate for your circumstances. Smartline recommends that you seek independent legal, financial, and taxation advice before acting on any information in this article.