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My Top Five Sydney Suburbs For Capital Growth - April 2022

By Rich Harvey, CEO & Founder, propertybuyer.com.au


I’ve seen my fair share of property cycles and I have a good idea what prospective buyers are thinking as we watch Sydney’s price growth slow.
Firstly, there will be some relief, no doubt.
But their second thought will be concern they’ve missed the boat when it comes to capital gains.
It’s around this stage of the cycle where buyers who’ve spent months searching for their ideal property realise the most recent wave of gains has passed by and is fading into the distance.
But I’ve got some good news – if you choose wisely, there are always opportunities to buy well in the Sydney market. It’s a matter of selecting the right property and holding for the long term.
Here are my top five suburb picks delivering excellent growth potential in Sydney right now.

1. Gladesville
Positioned 7.5 kilometres from the heart of Sydney and on the northern bank of the Parramatta River, Gladesville is the perfect mix of waterside living and low-density bliss.
This is an ideal family location. Within the suburb’s boundaries are four primary schools – both public and private. In addition, a number of prestigious secondary schools are nearby such as St Joseph’s College and Marist Sisters College Woolwich.
Major services and facilities are dotted along the main thoroughfare, Victoria Road.
Perhaps most magnetic of all is the foreshore. Public areas such as Parramatta River Regional Park and Glades Bay Park provide greenspace with water frontage – just the thing for family weekends.
The median house price in Gladesville is $2.622 million. Given the median prices of neighbouring suburbs, such as Tennyson Point at $3.85 million and Hunters Hill at $4.115 million, Gladesville delivers relative affordability in an excellent location.
For those with a more modest budget, the suburb’s unit median is $770,000 which is a very attractive price point for such a well-positioned address.

2. Kirrawee
Kirrawee in the Sutherland Shire is located 7.5 kilometres west of Cronulla’s town centre. The suburb abuts Royal National Park meaning extensive bushland is right on the doorstep, while a short commute to Port Hacking and Georges River delivers the attraction of Sydney waterfront.
The area is eminently commutable with a train line splitting Kirrawee between commercial and residential uses. Kirrawee Train Station is the boarding point for taking you to the heart of Sydney’s CBD.
The suburb is dominated by detached houses with ABS statistics revealing the percentage of home ownership here exceeds the NSW average. This makes it an aspirational address which is a signpost for future capital gains.
Property in Kirrawee is affordable by Sydney standards. The median house price of $1.565 million will purchase a three-bedroom home of average standard on 600 square metres (or more) of land. It’s this relative affordability and easy access which is set to deliver great prospects for future price growth.

3. Frenchs Forest
Frenchs Forest (or ‘The Forest’ as it’s known locally) is a Sydney northern suburb that’s got all the fundamentals for long-term, sustained capital gains.
With a bustling retail hub at Forest Way Shopping Centre, Frenchs Forest is the service centre for all surrounding addresses too.
Warringah Road traverses the suburb and connects through to both Pittwater Road and the Pacific Highway. It’s just 12 minutes drive to the beach and around 25 mins drive to the city so its ideally positioned for lifestyle amenities and access to work.
Public and private schools are dotted throughout Frenchs Forest and surrounding suburb, and the Northern Beaches Hospital delivers major medical services.
The suburb’s great appeal is its good quality, detached family homes on reasonably sized allotments. The median house price of $2.3 million to $2.6m will buy a good quality three- or four-bedroom family home on a 700 square metre site. Just the sort of solid real estate that appeals to a broad range of buyers and helps fuel sustained capital gains.

4. St Marys
Part of Sydney’s burgeoning west, St Mary’s has ready access to major population centres while also delivering affordably priced homes.
St Marys is 20 kilometres west of Parramatta and eight kilometres east of Penrith, so picking which NRL team to support could be a difficult choice.
Regardless, you get to take advantage of comprehensive service and facilities. Queens Street is where you’ll find a range of local amenities, but make the short drive to Parramatta and you’re in the heart of Sydney’s second CBD.
Families comprise around 70 per cent of households, with detached homes dominating the residential landscape.
Census data indicates there’s an even split between owner-occupiers and renters here. As such, both home and investment purchasers are active in St Marys.
With a median house price of $857,500, buying in and holding for the long term makes good sense. For home hunters, that median will secure a three-bedroom dwelling on around 600 square metres of land.

5. Ashbury
Ashbury is a gold-standard growth address that has easy access to the Sydney CBD around 8.5 kilometres away.
This is a culturally diverse suburbs dominated by detached houses, many with huge heritage appeal.
Open space is also a feature of Ashbury. Three separate parks are positioned within its boundaries.
The suburb adjoins Canterbury Park Racecourse and the Canterbury Park so there’s no lack of public spaces for residents to enjoy. There’s also proximity to Canterbury Train Station for commuters. A range of public and private schools sit within Ashbury and its adjacent suburbs, further enhancing its family buyer appeal.
For the median house price of $2.065 million, you’ll secure a solid three- or four-bedroom home on around 500 square metres of land. Of course, there are more comprehensive properties on offer too if your budget extends a bit further.
Ashbury is a rock-solid pick for long-term capital gains. Safe secure real estate that won’t drain the bank account and will see ongoing demand from buyers and tenants for years to come.

So don’t be despondent. Instead, get focused on the hot prospects located in Australia’s most dynamic real estate market. Better yet, utilise the skills and networks of an experienced buyers’ agent to help select your ideal home or investment. Their talents can ensure you secure the best possible property for your circumstances, and enjoy excellent value gains for years to come.


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