Property Market Trends
Long-Term Growth Factors
Getting a handle on property market trends in Edmondson Park requires looking at some long-game stuff that shakes up the world of real estate here. With more folks moving in and changing demands for places to live, Edmondson Park is catching eyes for those considering buying or building.
According to the NSW Department of Planning and Environment, Greater Sydney’s population is predicted to grow roughly 1.6% each year for the next decade. That means around 35,200 new homes are needed annually. And about 60% of these will be apartments, meaning more than 21,000 each year (Issuu). This all points to a bigger need for lots of different types of homes, making the real estate scene in Edmondson Park look pretty solid.
Population and Rental Market Trends
Over in Edmondson Park, the South West Sydney area is expected to see the population balloon by about 2.9% per year by 2033. This is way above the average growth forecast for Greater Sydney, which stands at 1.5%. It suggests that many more people will be calling this place home soon (Issuu). All these new arrivals are ramping up the demand for housing, signalling opportunity knocking for property developers and investors in the area.
Looking at the rental scene in Edmondson Park, we’ve also seen quite a hike in households opting to rent. Between 2011 and 2016, rented homes jumped from making up 16% to 18% of the total. This shows a growing rental market here, with trends in average weekly rent and returns on rentals looking pretty rosy (Issuu).
Anyone eyeing investment or a rental spot would do well to keep tabs on what’s happening with the population and rental market trends in Edmondson Park. With everything put together—more people, changing rental vibes, and the bigger growth picture—Edmondson Park is shaping up to be a real estate hotspot with plenty of chances for homebuyers and investors to ride this wave.
Residential Development
In Edmondson Park, things are really buzzing with new housing projects and plans for roads and transit. Let’s take a look at what’s in store for this lively part of the world.
Proposed Apartment Projects
Edmondson Park is about to get a whole lot more crowded. Developers have plans for around 2,500 new apartments and townhouses to pop up over the next five years, all thanks to the folks over at Cordell Connect who’ve been keeping tabs on these projects. Most of these homes should be ready by 2023. It’s exciting times ahead, as the area’s housing market shows some serious potential for growth. And don’t worry if you’re curious about these new places to live. Keep an eye out for updates on why Edmondson Park might just be the perfect place for you to see if it suits your lifestyle.
Infrastructure and Transportation Plans
Edmondson Park is set up pretty well with its own railway station. It makes getting to Liverpool and the CBD a piece of cake with the South West Rail Link. But they’re not stopping there. Plans are in the works to give the local infrastructure a good boost. The new Ed.Square urban town centre is making waves, too. Nearly 1000 new apartments and about 900 terrace homes are being lined up to turn Edmondson Park into a bustling hub of activity. With big names like Coles and Event Cinemas on board, the place is sure to be a hit for both living and leisure.
And if you’re curious about what’s happening outside of Edmondson Park, neighbouring areas like Kingsford are going through a bit of a facelift as well. They’re putting in some light rail to make getting to the CBD even easier. Plus, with the beach, top-notch health facilities, and shopping close by, it’s shaping up to be a great spot for investing.
Looking even further, Badgerys Creek is getting ready for a new airport in 2026. It’s becoming popular thanks to government efforts to set up better transport links, train stations, and roads. The rising interest in land nearby makes it a tempting choice for homebuyers and property hunters.
If you’re keen on getting into the nitty-gritty of the changes in Edmondson Park and its surrounding areas, take a peek at Edmondson Park: The Future of Residential Living to get the latest updates and stay ahead in the property game.
Housing Market Analysis
Thinking about snapping up some property in Edmondson Park? You’ll wanna know what’s going on with the housing market first. Let’s break it down for both houses and units in this area.
House Market Overview
If you’re eyeing a house in Edmondson Park, New South Wales, the median price tag is $1,230,000. Not exactly pocket change! The annual growth is ticking along at 2.50%. In the last year, 153 houses found new owners, a sign folks love what this place has to offer. Houses don’t hang around long, roughly 31 days, showcasing solid demand.
Craving more details or on the hunt for a place that fits your taste and wallet? Chatting with local real estate gurus could give you the leg-up you need.
Unit Market Analysis
Units here aren’t just looking pretty, they’re pulling in a tasty rental yield of 4.65%, with median rents sitting at $650 a week. The value of these units has climbed too – 4.29% just in the last quarter, and 9.04% over the past year. Clearly, folks can’t get enough of these unit spaces in this lively suburb.
Keen on investing or maybe moving into a unit in Edmondson Park? Keep an eye on upcoming plans and new infrastructure that could make this area even more attractive.
Understanding these little nuggets about the house and unit markets in Edmondson Park gives you the smarts to make clear-headed choices. Whether you’re on the lookout for a solid investment or just want to find that perfect nest, keeping up with the latest in housing trends here is your ticket to success.