7 Best Suburbs To Invest In Sydney
In today’s world, there is an innate urge to reside away from routine monotony within the suburbs and their surrounding nature. There’s no wonder why the updated residential suburbs, fully equipped with necessary facilities, are becoming more investment-worthy in the capital city of Australia.
Since 2020, there has been an annual growth of shift from the urban Sydney city life to the warm homeyness of the suburban areas. Hence, now is the perfect time to find the best suburbs to invest in Sydney.
Typically, an apartment or residency reflects your aesthetic and color palette. However, with regards to real estate, especially a suburban dwellings, several factors need to be taken into equal consideration.
That said, let us look into the seven best suburbs to invest in the heart of Sydney and find your perfect abode of happiness.
1. Blacktown
Blacktown is a suburban estate filled with tinges of nature, happiness, and fresh faces, unlike its entitled name. With an average median price of over $200,000, Blacktown is a palatable option for property investors and residence owners looking for easy access to the eastern suburbs.
Affordability or rental yields in this South Wales neighborhood are acceptable on the pocket. Rental prices sit at a moderate 4.5%, whilst the vacancy rate remains well above 2.5%.
2. Bardwell Park
Bardwell Park, located 12 kilometers south of the Sydney CBD, is quite popular and one of the best suburbs to invest in Sydney. It is a ‘predominantly residential colony’ known for its schooling facilities, tiny picturesque cafes, gardens, and more.
This suburb has a median house price of $1.6 million. With a rental house yield of approximately 2.5%, Bardwell Park is limited in terms of vacancies and rentals.
3. Badgerys Creek
Badgerys Creek is a rustic Australian suburb that has held on to an essence of indigenous homeliness. It is located approximately 41 kilometers southwest of the Sydney CBD.
Badgerys Creek holds the threshold to host some of the best properties in Sydney, owing to its nearly concluded Western Sydney Airport. Hence, the median house prices are amplified between an average of $1.5 and $1.6 million, making it a popular choice among property investors planning for long-term growth.
The rental house/apartment yields an average of between 2.3% and 2.6%. Hence, these statistics make it evident that Badgerys Creek is one of the best suburbs to invest in.
4. Narrabeen
If Sydney’s northern beaches, its serenity, and soft blue waves bring peace to you, then Narrabeen is one of the perfect suburbs to invest in. It is located approximately 23 kilometers northwest of the Sydney Suburb, with a youthful community of residents.
While seeking out property in Sydney, one of the main characteristics that intrigue homeowners is whether a proper work-life balance can be achieved. Narrabeen wholeheartedly checks that box, especially with its well-connected transport systems and little dainty street cafes.
The median house/apartment price ranges between a significant $1.12 and $3.5 million. However, Narrabeen has witnessed a steep price growth in the last few years in terms of investment.
The current rental house yield stands at an average of 1.6%, whilst the rental apartment yield stands at 2.8%. So this may be entitled as one of the more expensive households to live in.
5. Windsor
Windsor is a historical northern suburb, distant from the Sydney CBD. It is an intriguing choice of investment property in the post covid times, where people still wish to work from the comforts of their homes.
It is approximately 56 kilometers away from the Sydney CBD, yet the median average price ranges well above $750,000. However, the vacancy rate in this area, akin to the entire Sydney CBD region, has been decreasing over the years.
Currently, it is one of the best suburbs to invest in, with a 3.0% rental house yield. So speed will be of the essence if you are looking for Sydney apartments for rent in Windsor.
6. Avalon Beach
Apart from Narrabeen, an alternative is the Sydney suburb Avalon Beach. It is located approximately 37 kilometers north of the Sydney CBD, with an atmosphere appropriate for those seeking a work-life balance.
Avalon is definitely in the moderate price range in terms of Sydney apartment rates. It has an average rental yield hovering around 1.97%, thus, securing its popular spot. Apart from that, the median house price is $1.98 million, whilst the apartment price is at a whopping $1.01 million.
7. Cherrybrook
In recent years, Cherrybrook, one of the best suburbs to invest in Sydney, has shown considerable amplification in terms of capital growth. With its newly established Sydney Metro Northwest Rail Link, Cherrybrook boasts an interest rate increase in property investments.
This particular suburb has witnessed an increase in occupancy rate and median house prices at a rate of $1.8 million in recent times. The rental apartment yield has also enhanced to a 2.7%, making it a better choice for the affluent.
