Earlier this month, property guru John McGrath shared on Switzer.com a series of Themes that are currently driving the Sydney Property Market. One of the most interesting to the RKRG team was his insights into the importance of Urban Hubs.
John McGrath wrote, that ‘as infrastructure unlocks pockets of Sydney by creating local employment opportunities and reducing commuting times, values are likely to surge in some areas as families seek more value for money.’ And with today’s property prices rising as never before, everyone is looking for value for money. He explained that ‘a significant number of Sydney buyers are giving up on the expensive inner ring and buying in the middle ring, which has experienced some of the strongest price growth in FY14.’
McGrath highlighted three major growth areas in Sydney targeted for new jobs and affordable housing in the long term.
To support this growth, the NSW Government’s Urban Activation Precincts program is fast-tracking new housing, jobs and has upgraded infrastructure in key urban hubs away from the CBD. McGrath specifically named Wentworth Point in Sydney’s inner west as one of 7 neighbourhoods to watch.
Read more of the full article here: http://www.switzer.com.au/the-experts/john-mcgrath-property-expert