Research

Top 10 Sydney suburbs for 2017

By Reporter
Top 10 Sydney suburbs for 2017

Starr Partners’ DouglasDouglas, QLD Douglas, QLD Driscoll shares some of the best suburbs for property investment in Sydney this 2017.

According to him, these suburbs will provide property buyers and owners “with insights into the suburbs that will boom – or in some cases, continue to boom – in the upcoming year.

Mr Driscoll’s top property picks for 2017, including his rationale, are below.

1. Blacktown: “Blacktown is a suburb that really started to boom this year, and I anticipate that it will continue well into 2017. More than 4,000 new homes have been approved in the suburb, which is just a 35-minute drive to the Sydney CBD. With the redevelopment of Blacktown Hospital and a grant to kick-start energy projects in the area, Blacktownis a suburb to watch.”

2. CroydonCroydon, VIC Croydon, NSW Croydon, SA: “Croydon is one of the inner-west’s hidden gems. Only a 20-minute to the CBD and full of classic Californian bungalow homes, the suburb is fast becoming a hotspot for younger buyers after historically being an area closely held by an ageing population. I would consider the suburb to be the new Erskineville, with some great local schools giving it that inclusive family vibe.”

3. Panania: “Panania currently offers great value for money, with property land sizes being suitable for duplexes. Many people in the area have started knocking down the older fibro homes and replaced them with duplexes, and with prices rising steadily, I believe that 2017 could be a good time to snap something up while the average house price there is still under $1 million.”

4. FairfieldFairfield, NSW Fairfield, VIC Fairfield, QLD: “Fairfield is a sleeping giant. Other urban hubs such as Parramatta, Liverpool and Blacktown have seen phenomenal growth recently, whereas Fairfield has witnessed comparatively subdued price increases. Not only has Fairfield City Council obtained considerable funding from the federal government for the upgrade of several large transport and infrastructure projects, its CBD is set to receive an impressive facelift.”

5. Emu Plains: “Located at the foot of the Blue Mountains, Emu Plains has a lot to offer those who enjoy the best of NSW but still want to live within commuting distance to the CBD. Being the last suburb on the T1 Western Line, residents have regular trains as opposed to the hourly mountain trains. Emu Plains is also close to shopping centres such as Westfield Blacktown and Westfield Penrith.”

6. Merrylands: “The Merrylands area has some of Sydney’s best freestanding dwellings, yet in my opinion, it is let down by its city centre – but that is all set to change. Cumberland Council (formerly Holroyd Council) has embarked on some exciting, multi-faceted infrastructure projects to revitalise and reinvigorate the ageing Merrylands City Centre, which will help Merrylands emerge from the shadow of its neighbour, Parramatta. European-style eateries and trendy alleyways will transform the area, while current low-rise buildings will be replaced with sleek, mixed-use high-rises, all of which is part of a wider billion-dollar proposed rejuvenation of the area.”

7. Macquarie Park: “Several residential projects in Macquarie Park are setting the suburb up to be one of the most desirable locations in Sydney. Redevelopment is already underway and, already, the suburb boasts one of the city’s best commercial districts, making it ideal for those who want to live close to their jobs. Macquarie Park’s location speaks for itself, with only a 35-minute train to the CBD, and the convenience of motorways such as the M2.”

8. Bella Vista Waters: “Bella Vista Waters is fast becoming north-west Sydney’s jewel in the crown. Punctuated by elegant, architecturally designed homes situated in tree-lined avenues, this closely-held suburb was always an aspirational area for people living in neighbouring areas, but is now becoming increasingly popular with people from further afield. While the average house price is high, at around $2 million, Bella Vista will soon become the home to the main station of the North West Rail Link project. This, combined with its great commercial epicentre and proximity to both the M2 and M7 motorways will make the area flourish in 2017.”

9. Edmondson Park: “Located between CampbelltownCampbelltown, NSW Campbelltown, SA and Blacktown, Edmondson Park will present an interesting opportunity for first home buyers in 2017. Part of the South West Priority Growth Area on the doorstep of the upcoming Badgerys Creek airport and with more than 100 new homes being built, it will be an exciting new area in the years to come. In addition, there are approved plans for a new town centre to be built around the bus and rail interchange along with three new schools, shopping, entertainment and health facilities. The future is bright for Edmondson Park.”

10. Liverpool: “Liverpool is a nice established area in the south-west that is emerging as a new growth centre, and will become its own CBD – like Parramatta. With the new airport at Badgerys Creek creating hundreds of new jobs and the local government working on plans to create a Liverpool CBD and improve public transport, I believe that this area will continue to grow well into 2017.”

Mr Driscoll also gave an honourable mention to Badgerys Creek, which featured on his 2016 list; Eastern Creek for its shopping centre redevelopment; Bankstown and CanterburyCanterbury, NSW Canterbury, VIC which will benefit from a new railway connection; and Marys Hill which is anticipated to benefit from the gentrification of the Parramatta area.

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  ["title"]=>
  string(51) "Boost for investors as app sets up off-site bidding"
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  ["introtext"]=>
  string(144) "

Property investors are now able to identify and bid on auctions remotely using a new live-streaming functionality launched by Gavl.

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Called “Request an Auction”, the new functionality enables users to watch and bid on any Sydney or Melbourne auction remotely.

Through Gavl, prospective buyers are now able to register to bid on their preferred auction. The platform will obtain permission from the listing agent and confirm within 48 hours.

Vendors can also request to have their auctions broadcast to a larger buyer audience.

Co-founder Joel Smith said that auctions streamed on Gavl attract 47 per cent more viewers than traditional ones.

He said that Request an Auction will be valuable for remote buyers.

“Buyers are able to have Gavl attend any auction they nominate, so they will never have to miss out on an opportunity due to logistical complications in physically attending the auction.

“Vendors, too, have the opportunity to directly book an auction with us, so they can open up their event to buyers all around the world. With more potential buyers, they’re giving their property the chance to receive more bids and maximise their sales result.”

Mr Smith said that prior to the Request an Auction app, buyers were limited to what they could achieve through the Gavl technology.

Gavl is a live-streaming and bidding platform for real estate auctions.

Mr Smith said that it has streamed more than 6,000 auctions, which have achieved 3.5 million views from 50 countries.

Gavl’s Request an Auction function is currently being offered in Melbourne and Sydney only.

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Boost for investors as app sets up off-site bidding
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Having to split her time between Hong Kong and her original base of Sydney has not slowed Julia Tita’s goal of building a high-performance Australian property portfolio. Instead the resulting alterations to her strategy have positively impacted her investing success.

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Having recently purchased her 6th property, Julia joins host Tim Neary to discuss her journey, share her ups and downs over the years, and reveal her thoughts on why some properties are better than others.

Julia also explains why she no longer makes a move without the help of a buyer’s agent, why working with a strong team of specialists is extremely important and discloses her long-term property ambitions.

If you like this episode, show your support by rating us or leaving a review on iTunes (The Smart Property Investment Show) and by following Smart Property Investment on social media: FacebookTwitter and LinkedIn.

If you have any questions about what you heard today, any topics of interest you have in mind, or if you’d like to lend your voice to the show, email [email protected] for more insights!

RELATED AREAS OF INTEREST:

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AREAS MENTIONED:

Eagleby
Charters Towers
Townsville
Brisbane
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Sydney
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Melbourne 
Glen Iris
Bondi

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["secure"]=> int(0) ["page_description"]=> string(11) "sample desc" ["page_rights"]=> NULL ["robots"]=> NULL ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["displayDate"]=> string(19) "2018-06-18 03:15:56" ["slug"]=> string(72) "18171:how-a-move-to-hong-kong-impacted-julia-s-australian-property-goals" ["catslug"]=> string(28) "45:smart-property-investment" ["link"]=> string(92) "/investor-stories-1/18171-how-a-move-to-hong-kong-impacted-julia-s-australian-property-goals" }
How a move to Hong Kong impacted Julia’s Australian property goals
object(stdClass)#1204 (52) {
  ["id"]=>
  string(5) "18159"
  ["title"]=>
  string(88) "‘Common’ referrer practice of being paid on both sides of the fence coming to an end"
  ["alias"]=>
  string(82) "common-referrer-practice-of-being-paid-on-both-sides-of-the-fence-coming-to-an-end"
  ["introtext"]=>
  string(246) "

The practice of property investment firms sharing undisclosed kickbacks among the supply chain involved in development sales will be outlawed in NSW on 1 July this year under the Real Estate Reform being handed down by regulators in NSW.

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Property commentator and valuer, Suburbanite’s Anna Porter, said the reform will address conflicts of interest.

She said they arise when a mortgage broker, accountant or financial planner receives part of the commission from the property firm, who receive their fees from the developer or seller.

“This puts the broker into a position by which they are being paid on both sides of the fence,” she said.

“Until now this has been a grey area and there was nothing stopping this practice.” 

Ms Porter said this has been a common practice in the industry.

"Some well-known mortgage broking firms openly admit to receiving $5,000–$10,000 per referral in their pocket.”

She also said this process has been going on for decades.

"Property investment firms commonly pass some of their commission on to the mortgage broker, accountant or financial planner as a reward to them for passing on the referral. This means that many brokers or financial service providers are making significant amounts of money just to refer on to a property firm, often totalling hundreds of thousands of dollars a year," Anna Porter said.

Ms Porter said the Property, Stock and Business Agents Amendment (Property Industry Reform) Bill 2017 will be in force from July this year, and will prohibit this practice unless the broker or referring partner also holds a real estate industry license.

"Under the new laws, if the broker takes a referral fee from the property firm, they will have to be a licensed real estate agent and also hold a corporation’s license,” she said. 

“Subsequently, every transaction that they receive a referral fee from, they will be putting their license up against the transaction and taking full liability for the conduct, practices and outcome of that transaction, even if they have little to do with the transaction; they are a party to it financially and therefore take as much risk as everyone else in the transaction.”

Mr Porter said where a referrer holds a real estate license, and receives a part of the sale commission, they may find themselves in breach of the ethical requirements under the act.

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‘Common’ referrer practice of being paid on both sides of the fence coming to an end

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