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The top five areas in which these new developments will arise in Sydney are:
● Parramatta - additional 22,100 dwellings
● Blacktown - additional 18,300 dwellings
● Sydney - additional 14,850 dwellings
● Liverpool - additional 11,950 dwellings
● The Hills - additional 11,700 dwellings
New developments in Sydney: why are these areas a good investment?
Parramatta ● An increasing population and a great location to guarantee investment
● Range of employment opportunities
● New developments growing in this Sydney suburb
● Regarded as Sydney’s second CBD Close proximity to a variety of educational facilities, enhancing the skilled workforce
Blacktown ● Great location, close to Sydney’s second CBD and only 34km from the main city area
● Close to a range of facilities, hospitals and retail experiences
● Near major transport hubs: Great Western Highway, Motorway and Westlink M7
● Range of new developments in this Sydney suburb including the Western Sydney Airport which will generate approximately 9000 jobs
Sydney ● One of the most competitive areas and a top place to live, work and invest
● Central business hub
● Close proximity to just about everything
Liverpool ● Undergoing significant transformations with the development of new residential apartments and dwellings
● Improvements made regarding transport, reducing travel time from Liverpool to the Sydney CBD
● New Western Sydney airport will also bring forward many job opportunities for the people living in surrounding suburbs including Liverpool
● Amazing location to invest as it offers affordability and accessibility
The Hills ● Employment is booming in these areas
● Representing 1.9% of the 2.9 million people working in NSW
● Offers great lifestyle and business opportunities
● In close proximity to many education, retail and entertainment facilities
Investing in Sydney is a great opportunity. Although it is risky, it can be managed and balanced. Investing in property can offer incredible benefits, including:
● A stable investment: although the property market goes through ups and downs, it is quite a safe investment in comparison to the stock market.
● Positive cash flow: investing is an excellent way of covering expenses by renting out the property. You put down a deposit, and your tenants are paying off the mortgage and payments on your behalf. These investments, in the long run, can bring forward positive cash flow, funding your lifestyle.
● Tax benefits: investing inpropertyis excellent as it can offer fantastic tax benefits. You can claim items such as depreciation on fittings and fixtures which amplifies tax savings.
● Long term investment: owning property is one of the best long-term investments. By securing your land and property, you will be set for the future, especially with the progression of inflation. The positive cash flow from one property can be used to fund more investment properties, consequently supporting your whole lifestyle
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If you are considering purchasing anew development in Sydney as an investment, there are a range of dwellings that are currently being developed. Make sure you choose an excellent area to invest and take time when making your decision. Take a risk today and invest!
