As the Sydney market continues to cool, now could be as good a time as any to get on the property ladder. Here are my top 8 hot spot suburb picks for 2019 in Sydney.
Ultimately owning the right property is key, while location is very important, owning the right property in that location is critical – meaning you can’t just buy any property in these suburbs.
1. Marrickville
Marrickville is the largest of the inner-west suburbs and sits on the Cooks River. It is a diverse and cultural area with detached or terraced Victorian and Federation houses.
Marrickville Station is one of 11 stations on the Bankstown Line to be upgraded to metro standards. Metro services will run at least every four minutes in the peak. That's 15 trains an hour - almost twice as many services as now.
2. Canterbury
As popular suburbs become increasingly unaffordable, a good tactic for identifying the next hot spots is to look at neighboring suburbs. That’s because prices in these suburbs are expected to grow as buyers are priced out of the boom suburbs and into the neighboring areas (such as Canterbury).
Canterbury, which has its own train station is just 10 kilometers from the Central Business District and has a median house price of $1,150,000, lower than its more sought-after neighbors.
3. Summer Hill
Summer Hill is serviced by both both light rail and CityRail networks and has a mix of Federation houses and medium density apartment blocks near the railway station. Summer Hill is bursting with an endless array of eateries, bars, restaurants, cafes, delicatessens and bakeries.
Summer Hill is a suburb rich in heritage with more than one hundred properties being heritage listed.
4. Maroubra
Maroubra Beach offers good value if you’re prepared to travel a few extra minutes to the CBD. As it continues to gentrify, like it's beach side neighbors Bondi and Coogee, Maroubra will continue to grow as a sought-after suburb.
5. Earlwood
This is one of Sydney’s most diverse multicultural communities with Greek, Italian and Lebanese heritage. Located on the Cooks River with plenty of parks and open space, Earlwood is on the rise attracting buyers priced out of the inner west. Earlwood’s close proximity to several train stations and Marrickville eateries is also a big plus for buyers.
6. Stanmore
The Inner West suburb of Stanmore continues to attracts locals trading up due to it's good value. Transport is also a major reason for its popularity, the train station and buses providing links to the city and surrounding areas. Stanmore is known for its attached cottages, bungalows and long strip shopping on Parramatta Road. All within 5kms of the CBD.
7. Auburn
Auburn is a cultural melting pot located 24 kilometers west of the Sydney CBD. Nature lovers can take a stroll through the 9.7 hectares of Botanical Gardens which includes one of the most beautiful Japanese gardens in Sydney. Properties are cheaper than those in neighboring suburbs such as Lidcombe and Strathfield and Auburn also has a train station making it easy to get into the city.
8. Avalon Beach
The Northern Beaches offers a great lifestyle without the hefty price tag. Avalon Beach offers big blocks and a charming retail village for a fraction of the cost of the inner-ring suburbs such as Palm Beach.
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