Scharp Insights – Sydney’s Airport Suburbs are Booming
As the growth corridors to the south open up with new transport and infrastructure from new government urban activation projects. Exciting property developments are happening in Sydney’s southern suburbs, particularly in Mascot, Botany Bay and Rosebery which were once thought of as too industrial due to their proximity to the airport and seaport. The rush is now on to purchase these apartments which offer great city views, close proximity to the CBD and fantastic surrounding amenities include parks, golf courses, beaches and eateries.
Scharp 3D interior image of Rosebery apartment project
With massive developments happening from Darlinghurst through to Alexandria, property developers are pushed to look further out for the next wave of apartment development opportunities and savvy investors are snapping them up due to their inherent value for money.
Apartments sold across Sydney from 2012 to 2013 saw a massive 23.1% increase in growth
So who is the target market in this booming southern precinct? It’s the young and the old as middle aged families look further out for more land for the kids.
Lifestyles of Mascot, Botany Bay and Rosebery
*Realestate.com 2014 Suburb Report
The young professional will either be looking to rent or buy their first home and investors are seeing this opportunity for increased rental returns as well as capital growth. Older empty nesters are realising the increased value of their family home and seizing the opportunity to downsize to a maintenance free lifestyle.
Scharp 3D exterior image of Rosebery apartment project
As a result, a mixture of apartments and townhouses are being designed for the residential property market, and it’s a win-win for all as developers look to attract the inner southern buyer out further to their high-tech, high-spec, and value for money property investment.
Median apartment price across Sydney 2005 to 2015
*Realestate.com 2014 NSW Investment Report
By Malcolm Schapel
Managing / Creative Director
Malcolm is the founding director of Scharp, which was established in 1999. His background has always been in creative design and his passion for this field started at Adelaide University where he completed his architectural qualifications.