Mt Druitt to be boom suburb of 2021
It was once deemed “Struggle Street” but now Western Sydney suburb Mt Druitt has become an unlikely boom suburb where property seekers have been advised to consider buying.
It was once deemed “Struggle Street” but now Western Sydney suburb Mt Druitt has become an unlikely boom suburb where property seekers have been advised to consider buying.
Lucky homeowners have been pocketing more than $100,000 a year from their properties in some areas of Sydney, as sellers command inflated prices well above what they paid.
Homeowners considering listing their properties for sale have been urged to list early or risk coming up against greater competition from other sellers later in the year.
Sydney’s housing market may be booming, but huge price discounts are on offer for a handful of properties in select city pockets where sales have been slower.
This weekend will mark the start of the 2021 auction season in Sydney, with an unusually high volume of auctions scheduled in one city region that’s going gangbusters.
Lines of homebuyers have been snaking down the street at open homes across Sydney, with agents revealing attendance is at a 20-year high in some areas.
Old churches are hitting the market for as low as $15,000 and are being billed as opportunities for buyers to resurrect the old buildings into unusual homes.
Homebuyers have been warned to brace for a summer auction trend that will intensify competition for housing and push up prices.
It’s a seller’s market and home prices are expected to soar this year but many homeowners who could be selling won’t be able to capitalise, experts claim.
New research has revealed the areas where homebuyers and investors can snap up cheap houses that will quickly grow in value – and they include two often overlooked NSW regions.
Original URL: https://www.dailytelegraph.com.au/journalists/aidan-devine/page/108