I would regard some of the new North West Sydney suburbs (Rouse Hill, Schofields, The Ponds etc) as very similar to new South West Sydney suburbs (Edmondson Park, Leppington, Gregory Hills, Middleton Grange).
-Both have shiny new master-planned estates with similar facilities (pools, tennis courts, parks, etc)
-Both have significant Government Infra spend (Roads, Rail projects)
-Both have similar levels of private retail planned spend (Costco, Town Centres, Ikea, Bunnings, Masters etc)
-Both have high levels of migrant population
-Northwest has better localized white collar job opportunities (Norwest business park), however this is counterbalanced with the massive airport infra spend in Southwest (Badgery's Creek)
-Both are similar distance to Sydney CBD
So my question, why do Northwest Sydney has higher median valuations when compared with similar property in South west....
Thoughts.....?
-Both have shiny new master-planned estates with similar facilities (pools, tennis courts, parks, etc)
-Both have significant Government Infra spend (Roads, Rail projects)
-Both have similar levels of private retail planned spend (Costco, Town Centres, Ikea, Bunnings, Masters etc)
-Both have high levels of migrant population
-Northwest has better localized white collar job opportunities (Norwest business park), however this is counterbalanced with the massive airport infra spend in Southwest (Badgery's Creek)
-Both are similar distance to Sydney CBD
So my question, why do Northwest Sydney has higher median valuations when compared with similar property in South west....
Thoughts.....?