Sydney Land Appreciation Hotspots: 2031 Outlook and Investment Guide — Sydney Auction Clearance Rate Reaches 65%

Week’s Key Focus

By the year 2031, growth regions such as Western Sydney and The Hills District are projected to see substantial increases in land values. This growth is mainly propelled by population expansion and is further supported by significant investments in infrastructure, including the Western Sydney Airport, new metro stations, and other key projects.

Recent data has highlighted the best investment areas in Sydney for both the present and the future, pinpointing reliable long-term investment hotspots. It’s forecasted that land values in Castle Hill will rise by over AUD 2.2 million by 2031. In the outer western suburbs like Badgerys Creek, Austral, and Greendale, an increase of over AUD 1.2 million is anticipated.

Moreover, suburbs such as Mulgoa, Luddenham, and Orchard Hills are expected to experience a surge in land prices, potentially exceeding AUD 1.5 million. The projected increases in Macquarie Park and Marsfield are even more significant, with expectations surpassing AUD 3 million.

In Sydney’s southwest, areas like Cobbitty and Leppington, as well as northwestern suburbs including Rouse Hill, Beaumont Hills, Riverstone, and Marsden Park, are identified as prime investment locations for both current and future prospects.

Real estate investment specialist James Fitzgerald highlights Sydney’s strong growth trajectory and its status as a major destination for international migration. He draws particular attention to The Hills area, which has benefited from the New South Wales government’s investment in the metro system, resulting in eight new and five upgraded stations in recent years.

Fitzgerald also notes that the long-term potential of the areas around Badgerys Creek and its neighboring western suburbs is particularly promising, largely due to the New South Wales government’s construction of the new Western Sydney Airport. This AUD 5.3 billion infrastructure project is expected to create approximately 14,000 jobs during its construction phase.

He emphasizes that the key to successful investment lies in identifying areas with ongoing population growth. Fitzgerald suggests that investments in standalone houses typically offer better prospects than apartments, as the land is the main driver of property value appreciation, while buildings start depreciating from the moment of completion.

All the areas Fitzgerald recommends boast multiple employment hubs and robust existing and planned infrastructure, presenting attractive investment opportunities.

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Auction Results This Week

  • Sydney: Of the 862 homes up for auction, results for 579 were reported, with 376 sold, resulting in a clearance rate of 65%. The total auction value amounted to AUD 412,050,500, with a median house price of AUD 1,502,000.
  • Melbourne: There were 957 homes on the auction block, with 698 reported results and 434 sales, leading to a clearance rate of 62%. The total auction value was AUD 346,718,276, and the median house price stood at AUD 921,888.

Top 5 Auction Prices in Sydney Last Week: Houses

▼TOP 1. AUD  $5,800,000

Address: 11 Read St, Bronte NSW 2024

Land Size: 432 sqm

House | 4 Bed | 2 Bath | 1 Parking 

▼TOP 2. AUD  $5,050,000

Address: 4 Simpson St, Mosman NSW 2088

Land Size:  465sqm

House | 3 Bed | 2 Bath | 1 Parking

▼TOP 3. AUD  $5,000,000

Address: 5 Ellalong Rd, Cremorne NSW 2090

Land Size: 733 sqm

House | 4 Bed | 2 Bath | 2 Parking

▼TOP 4. AUD  $4,700,000

Address: 9 Calbina Rd, Northbridge NSW 2063

Land Size:  645 sqm

House | 4 Bed | 2 Bath | 2 Parking

▼TOP 5. AUD  $4,603,500

Address: 14 Pile St, Gladesville NSW 2111

Land Size:  715 sqm

House | 6 Bed | 2 Bath | 2 Parking

Top 5 Auction Prices in Sydney Last Week: Units

▼TOP 1. AUD   $4,250,000

Address:  34 Wallis St, Woollahra NSW 2025

Terrace | 4  Bed |  2 Bath | 1 parking

▼TOP 2. AUD   $3,250,000

Address:  2/158 Bellevue Rd, Bellevue Hill NSW 2023

Unit |  3 Bed |  1 Bath | 2 Parking

▼TOP 3. AUD   $2,631,000

Address:  51 Young St, Cremorne NSW 2090

Semi | 2  Bed | 2  Bath  | 1  Parking

▼TOP 4. AUD   $2,562,000

Address:  502/31 The Promenade, Wentworth Point NSW 2127

Unit | 4 Bed |  2 Bath  | 2 Parking

▼TOP 5. AUD   $2,550,000

Address:  1/1 The Boulevarde, Cammeray NSW 2062

Unit |  3 Bed | 2 Bath   | 1 Parking

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