This region of south-western Sydney is already busy with new transport infrastructure projects, better linking businesses and residents to Sydney city, Liverpool, Parramatta and Penrith.
With much of the extra 1.2 million people expected to be calling Sydney home by 2030 likely to be living in what is currently Sydney’s outer western belt, these infrastructure projects are just the beginning.
Right now, building a new house within a Rawson Communities neighbourhood in Leppington or Austral will position new residents to benefit as the Aerotropolis emerges over the next few years.
As hundreds of thousands of jobs are created within the precinct, and demand for homes within a short commute distance grows, homes built now will deliver a potential for capital gains not previously seen in this part of Sydney.
These opportunities become even more attractive when you consider the comparable cost of purchasing an existing home in Sydney. According to CoreLogic, the average price of a detached home in Sydney was $1.08 million – a full $50,000 more than what it would have cost to buy as little as three months earlier.
The comparable cost of buying land and building in Leppington or Austral, however, was hundreds of thousands of dollars less in September 2019. While land prices are tipped to rise in Sydney as the market continues to heat up, they are not expected to rise nearly as quickly as established home prices.
Residential land in south-western Sydney represents a rare opportunity to purchase at rates well below current market prices for established homes, in an area that is expected to deliver premium capital gains for homeowners within the next five to ten years.
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