Should you buy near the New Sydney Metro?

Dan Grantham • Nov 27, 2023

Should you buy near the New Sydney Metro?

Infrastructure is one of the big drivers of capital growth in an area, more and more people want to be living in close proximity to both work and the city. As these upgrades occur it follows new dwellings to cater for the new demand.

A new metro train line running across the North Shore from Chatswood through Crows Nest & North Sydney into the city will soon be completed. It will immediately make these areas ultra-convenient as buses have typically been a common form of transport for many city based workers. Even those that work in North Sydney, Chatswood, Macquarie Park and North Ryde will easily be able to commute. A ride on the Metro from Crows Nest to the CBD (Martin Place) will only take 7 minutes.

As a result, luxurious high-density living is planned across the North Shore as St Leonards, Crows Nest & North Sydney blend into one with major upgrades. Expect even more shopping, dining and café options in the coming years.

The 2024 Metro will help bring Sydney in line with other world-class cities, such as Singapore and Hong Kong. It will take the pressure off the roads as Sydney continues to grow at a rapid pace.

It provides a unique investment opportunity as the vacancy rates for the rental market continue to hover under 1%. For those that are looking for lock up and leave, low maintenance apartment that not only appreciates over time but also generates strong yield it’s an option worth considering.

Typically, we suggest buying low rise blocks where there is more scarcity in the building and more chance of capital growth. The majority of these buildings though don’t have the convenience and ease of transport that buying around new infrastructure brings.

Purchasing close to new infrastructure is a trend that I see growing quickly, it’s expected Sydney will have 700,000 new migrants over the coming two years. As a result, the State government has recently released a mandate that they would like an additional 50,000 homes built by 2025. In large majority these homes will be built around infrastructure such as train stations or in shop-top style housing.

If you’re considering purchasing an investment but are unsure of the right areas to purchase for your brief please get in touch with our team. As experienced reputable buyers agents, we have an in-depth understanding of market trends that are valuable in the property buying process. We can talk you through the right strategy for your investment goals.

< Older Post

Newer Post >

What renovations offer the best return on investment?

By Dan Grantham • 02 May, 2024

There are three key things to consider to maximise your return on investment when renovating.

Key Tips to Consider Before Purchasing An Investment Property

By Dan Grantham • 08 Apr, 2024

Considering buying an investment property?

a man is standing at a podium giving a speech to a group of people .

5 Key Things to Keep in Mind At Auction

By Dan Grantham • 04 Mar, 2024

5 Key Things to Keep in Mind At Auction

Why Would An Owner Sell Off-Market

By Dan Grantham • 23 Oct, 2023

In this month’s blog post, I wanted to talk about the potential reasons why a vendor would choose to list their property off-market and why as a buyer's agent we get access to these listings. The main reasons an owner would sell off-market include: Uncertainty: Uncertain owners can test the market before committing to a full marketing campaign, giving buyers and agents superior access Inconvenience: A six-week campaign with twelve open for inspections can be a disruption some people would prefer to avoid Privacy: Particularly private owners often like to start with hand-picked potential buyers rather than opening their homes to the general public Costs: Selling off-market gives owners the opportunity to bypass marketing costs, such as photography, floor plans, copywriting and listings on major real estate websites Tenants: If a property is tenanted, it can be harder to keep it looking presentable and get access to open homes. In many of the scenarios listed above the owners want quality buyers to inspect their property in that off-market environment. As reputable buyer's agents, we represent the most qualified buyers in the marketplace because they have engaged someone else on their behalf to search for them. This in turn leads to the superior access that we are given over other regular buyers and we continue to leverage extensive relationships to hear about this uncovered market. Our buyers' agents purchase 70% of properties off-market for clients. In many situations, this was a property that we were given exclusive access to by the agent or vendor and we purchased the property completely uncontested from any other buyer. Getting this type of access to an uncovered market when spending millions of dollars is vital. You can see the entire landscape of properties that are available to make the right decision on your home purchase, which is why it is essential to engage in our reliable buyers agent services. If you’re struggling to find the right property and want access to properties that are off/pre-market, feel free to reach out we would love to help.

What you should look for when buying a property to renovate?

By Dan Grantham • 22 Sep, 2023

We all know how important location is when it comes to buying property. Whether you’re looking for an investment or a place to call home, we want the best possible city, suburb and street we can afford.

Property Vs Shares

By Dan Grantham • 14 Aug, 2023

In this article, we breakdown the pros and cons of Property Vs Shares

Why Paying High Strata Levies May Not Be A Bad Thing

By Dan Grantham • 02 Jul, 2023

Strata fees are levies that need to be paid for the management and upkeep of a strata scheme. Typically these will be in apartment or townhouse complexes.