Parramatta Hotspots To Watch

After a positive 2015, many real estate agents have been agreeing on Parramatta as a property hotspot for the year 2016.

With the upgrade to Parramatta Square, the main centre has become popular for apartment living but many of the surrounding suburbs are getting attention for residential houses.

Auburn

Attracting buyers for its property value and proximity to the city.

Over the last 12 months the demand for houses in Auburn caused the suburb’s median house price to rise by 25.1 per cent taking the median house price up to $888,000. There was also a high volume of sales in the suburb with 207 houses changing hands.

Greg Okladnikov of Starr Partners Auburn thinks that the suburb has it all, “Auburn is right in the middle of Sydney with great transport services to the west and city. It has an updated hospital, a great restaurant and cafe scene, plus it is close to university campuses, the M4 and Olympic Park.”

If you are looking to buy a house in the Auburn area, ensure you are getting all of the facts by conducting a building and pest inspection report prior to signing any paperwork.

Telopea

One of the few suburbs in Parramatta with million dollar plus median house prices.

Telopea’s median house growth drove up 25.2% over the last 12 months will the median house price tipping $1.102 million. Telopea is one of the few suburbs in the area with a median house price over $1 Million and is nestled near popular suburbs like Oatlands, Carlingford and Dundas Valley.

Ahmad Malas of Professionals Ermington said, “It is a growing area. Parts of Telopea are zoned R4 high density residential so there are lots of units and duplexes going up, which makes it an attractive place to live.”

As the average house prices in Telopea increase, you need to be certain that you are getting value for money when you are in the market to buy.

Inspect My Home offers a range of home inspection services & reports that will allow you to make an informed decision based on all of the facts.

Pemulwuy

A newer suburb created already boasting median house prices of $850,000.

Built just over a decade ago on the former quarry and CSIRO sites, Pemulwuy is a fairly new suburb with lots to give. Over the last year the median house price has risen 23.2 per cent to $850 with many being purchased by young families and professionals.
“Most of the houses are only five to eight years old. It is a good community to be in with a lot of younger people and reasonably priced homes,” said Ramin Rahimi of Starr Partners Pemulwuy.

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