If you ever want to invest or buy a property in Sydney (yeah, I know is expensive), one of the things you can look at is the "potential" of that area. But how do we know where has the potential?
This website has the answer: A Plan for Growing Sydney
This is especially very useful for those who're not familiar with Sydney. It basically has all the detailed development plans all the way from the main city to suburbs.
The simplest way is the property that you buy must at least has some colors on the map! :) The one with "Priority Precinct" has the highest potential in my opinion. There are totally 10 of them.
In general (base on my observation), the property price by Sydney region in descending order as follow:
- City center
- Eastern Suburbs
- Northern Suburbs (further away from city is cheaper)
- Inner West
- Rest of the Western Areas (further away from city is cheaper)
- Southern Sydney
- South-western Sydney
If you look at the map again, you can tell the focus development area is mostly at northern areas. So my recommendation to invest is this area. City center is good to invest too but it maybe too expensive in your budget. Just my 2 cents. :)
