Prices in Sydney are once again ballooning but a property expert gives detailed tips to find a bargain, no matter where in Australia you live.
But a thorough and creative dissection has found a number of affordable pockets in the sprawling NSW capital with strong growth potential, according to Starr Partners chief executive Douglas Driscoll.
He says the city’s continued population growth means the traditionally high-end areas will have to share market strength, as the line between premium and less fashionable will become blurred. The property expert says this ripple effect or osmosis from strong markets to weak has already occurred in Redfern and Newtown.Three bedroom home in Busby with a sales guide of $590,000 and $610,000. Picture: realestate.com.auKensington and Pagewood will benefit from the opening of the new tram, says Mr Driscoll, while infrastructure and transport projects will increase values in Crows Nest as well as outer Sydney suburbs Busby and Oran Park.
Mr Driscoll said the construction of private hospitals and medical centres is proof of the creation of industry and jobs in this booming region. I believe it will also become a ‘gateway destination’ — a new cruise ship terminal is flagged for Port Botany and, if this goes ahead, I expect the Government to extend the light rail all the way from neighbouring Kingsford to La Perouse.Many Sydneysiders dream of living in a suburb with a village-feel, and Crows Nest offers just that, with popular restaurants, trendy bars, a variety of eateries and a family-friendly atmosphere.
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