Sydney’s Northern beaches better value in Sydney’s hot market
I read an article recently about the “flood” of buyers coming from east, north and inner west to find better value buying in Sydney’s famous northern beaches – not surprising given that Sydney’s median house price has recently eclipsed the $1m mark. Australians love their beaches, and I’m sure I’m not the only one who enjoys the feel of sun and salt on my face on a beautiful summer’s day. There’s definitely something alluring about the holiday feel of a beach suburb, that automatically equates to relaxation.
Investors may bemoan the lack of transport when considering the northern beaches areas of Sydney as a possible area, but it’s important to also keep in mind that not all residents require a train line or express bus to Sydney’s CBD. Indeed, if you’re fortunate enough to live in iconic Manly, it’s a brief ferry ride across the harbour – a far nicer way to experience the best of Sydney’s transport!
Lack of transport may be one reason that keeps prices more affordable on this side of the bridge, when compared to the east and lower north shore regions, but considering that you can still buy 2 bedroom units with parking and within walking distance of some of Australia’s most beautiful beaches for less than $600,000 we consider it good value buying. With new infrastructure being built including the new Northern Beaches hospital at Frenchs Forest and much-needed road upgrades to the area it’s a welcome boost to another fast-growing area of our capital city.