NSW Sydney's South West versus Sydney's North West

Hi all

I was wondering if anyone can shed light on which of the two regions, the Sydney's South West region or the Sydney's North West region, which one has a better prospect for growth in say 5-10 years.

ATM the north west land prices cost about 20% more per SQM than the South West due to the fact that it is easier to get access to higher paying jobs(White collar jobs from Macquarie Park to North Sydney) and there seems to be less chance of oversupply of land in the North West.

Suppose the question is that the current 20% gap, will this gap increase over the next 5-10 years? Or will the construction of the Badgery's Creek airport see Sydney's South West level up with the North West.

Feedback will be greatly appreciated

 

I think northwest is considered more desirable in general as a place to live and bring up families. Closer to better schools. Southwest has more improvement and gentrification to go before it is considered desirable.

Of course, i'm not commentating about the people! Plenty of hardworking people in both these areas. You can't tar the inhabitants with a particular brush.

 

I did see that there's an EOI for a new LAC in @datto's stomping ground. That'll see an improvement (I think the Mac Fields one must be full).

 

If holding for the long term I think you also need to factor in yield. A place north west "may" increase with a bigger % but the holding costs will be more due to the lower yield.
Not that the past is indicative of the future but I would look at past price stats in both areas.

 

If there is any indication of the boom in the North West associated with the rail link and foreign investment rolling on, then it is the recent closure of an LJ Hooker outlet at Rouse Hill Town Centre. This today has been replaced with another development storefront run by Chinese. Where there is a will there is a way. Money will keep rolling in despite the caps.

 

North West is considered much more desirable than South West thats for sure.

 

The North West is more desirable than the South West at the moment with valid reasons, land values per SQM are about 20% higher in the North West but will this gap increase in the next 5 to 10 years? Or will the hype of the construction of Badgery Creek airport close the gap?

 

SW is much closer to Wollongong beaches, that can't be all bad?

 

Same as saying NW is closer to central coast beaches

 

Still an outing from Baulkham Hills but 1/2 hr from Macquarie Fields LAC

 

what's that ? can you give more details?

 

@hash_investor - Local Area Command = Central hub for police operations.

 

well thanks... the question is where is that new LAC going to be setup? Druitt? I thought they already have one.

https://www.google.com.au/url?sa=t&...druitt&usg=AFQjCNF3AjUHSgmq3bqau0Q9c7TOwmyFMQ

 

@hash_investor - Brookfield is calling expressions of interest to build a new one.

 

My perception is that I always heard of South west having gun shots and drugs whereas none happen in the North West, so I guess North West is better.

 

I think both will do well. Better cashflow in the SW.

 

I do think the North West is better too and the current prices reflect that, with 400sqm blocks in Box Hill/Riverstone/Schofield usually selling for well over $500k while the same block sells for under $500k in Austral/Edmondson Park/Leppington.

With both these areas being similar distance from the CBD and both getting a lot of infrastructure work, the question is will the gap in perceived value between these 2 areas decrease or increase over the next 5 years? Which area will perform better in the next 5 years?

 

South west has plenty of pockets within pockets and markets within markets.

 

I think the gap will decrease short term, until the airport is complete, not sure what would happen.

If you Look at the broader south west region Leppington,Camden Gregory hills down to Campbelltown,Liverpool theres plenty of construction work happening, its quiet a vast area with many small business parks.