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

Discussion in 'Where to Buy' started by 2020vision, 18th Jun, 2017.

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  1. 2020vision

    2020vision Active Member

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    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 :)
     
  2. Gockie

    Gockie Unicycle - get exhausted but never two tired Premium Member

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    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.
     
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  3. Scott No Mates

    Scott No Mates Well-Known Member

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    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).
     
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  4. Travelbug

    Travelbug Well-Known Member

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    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.
     
  5. wombat777

    wombat777 Well-Known Member Premium Member

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    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.
     
  6. eletronic_exp0430

    eletronic_exp0430 Well-Known Member

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    North West is considered much more desirable than South West thats for sure.
     
  7. 2020vision

    2020vision Active Member

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    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?
     
  8. Scott No Mates

    Scott No Mates Well-Known Member

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

    Joker Active Member

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    Same as saying NW is closer to central coast beaches
     
  10. Scott No Mates

    Scott No Mates Well-Known Member

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

    hash_investor Well-Known Member

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    what's that ? can you give more details?
     
  12. Scott No Mates

    Scott No Mates Well-Known Member

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

    hash_investor Well-Known Member

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  14. Scott No Mates

    Scott No Mates Well-Known Member

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

    sumterrence Well-Known Member

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    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.
     
  16. Mark

    Mark Well-Known Member

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    I think both will do well. Better cashflow in the SW.
     
  17. 2020vision

    2020vision Active Member

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    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?
     
  18. Egga

    Egga Active Member

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

    Egga Active Member

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    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.