Thinking about buying an off the plan property in North Shore Sydney, NSW? You'll want to discover the Location Demographics, Travel & Infrastructure and Investor Insights.
Samantha is a first time home buyer who just bought an off the plan apartment in North Shore Sydney.
Last year, I decided to purchase a home for the first time. Beforehand, I was renting at my previous apartment and was looking forward to having my very own property. After months of researching many types of places and looking for an area that fits in well with what I need, I finally settled on an off-the-plan apartment in North Shore Sydney. It has been the best property decision I’ve ever made and here’s why:
At the North Shore Sydney area, there are plenty of vast parklands, breathtaking coastal views and growing residential neighbourhoods. It is renowned for its natural scenery, recreational activities, national parks and bustling beachside lifestyle. Some of the suburbs you’ll be able to find at North Shore Sydney include North Sydney, Macquarie Park and Chatswood.
Being surrounded by galleries, museums and music venues, there is definitely something for everyone at North Shore Sydney. I enjoy spending time at the Lane Cove National Park following the wooded hiking paths and going for peaceful river boat rides. St Leonards Park in North Sydney also features picnic areas, playgrounds, sports facilities and picturesque gardens. For all things shopping, I have a selection of brands I can find at Northbridge Plaza Shopping Centre or at the Bridgepoint Shopping Centre. There are also more retailers and supermarkets at the Greenwood Plaza Shopping Centre. When catching up with friends, I love sharing a meal at the SoCal Sydney Restaurant with its lovely rooftop setting or having dinner at the Osaka Teppanyaki Restaurant. On the weekend, I like visiting the iconic Hayden Orpheum Picture Palace which hosts movies, fun events and live concerts.
Having a welcoming community and buzzing commercial district, students, families with children and professionals are drawn to settle in at North Shore Sydney. The Australian Bureau of Statistics have found the population to be close to 79 000 people with most belonging in the 30 to 35-year-old age group. The current median age is 40 years old and there are over 21 000 families living within the area. Private dwellings have also been estimated to reach around 43 000 properties.
Looking for a great option for families and students? Check out these listings.
Commuters are well looked after with regular public transport services all around the vicinity. The North Sydney Railway Station has trains following the North Shore & Western Line and the Northern Line. Meanwhile, the Macquarie Park Railway Station takes passengers along the Metro North West Line. There are also a few buses running with stops on Miller Street and Blue Points Road.
Those travelling by car are quickly linked to the Warringah Freeway leading on to other highways. Being at North Shore Sydney, travellers are easily connected to all areas of Sydney and to the airport. You’ll also be able to find an abundance of walking paths and bike trails.
Looking for a property near public transport? Check out these listings.
Following public feedback, the New South Wales Government has brought forward the Macquarie Park Place Strategy which is a 20-year plan and project. As Macquarie Park is an important economic and employment powerhouse of Sydney’s North District, the developments aim to support job growth, attract businesses and visitors, provide new homes, improve public transport, have a network of parks and additional walking and cycling paths. The government has also put together a Planning Reform Action Plan which focuses on creating a more timely and transparent planning system.
Specifically in North Sydney, the gross rental yield for apartments is 2.8% and the weekly median rent is $580. For houses, the gross rental yield is 2% and a much higher median rent of $1 170 per week. The median property price in 2012 was $599k and increased all the way to $1.02m in 2018. Presently, the median property price is at $1.12m.
If you think that the North Shore Sydney area is the ideal place to call home, why not look into buying an off the plan property there? You can start your search here or book an appointment to speak with our team of property experts to see if this is the right area for your property needs.
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