This region ticks all the boxes for property investment. With a booming population, strong capital growth, good rental yields and heavy investment in infrastructure, Macarthur is the place to invest.
The Macarthur region isn’t the most well known area for investors. It doesn’t have the cosmopolitan flair of Newcastle, nor the coastal appeal of Wollongong. Or the razzle-dazzle of the Gold Coast. It’s not a city. Most people would have trouble defining exactly where its boundaries lie. Nonetheless, the Macarthur region has been quietly growing and flourishing under the radar. In fact it’s predicted to have 600,000 people by 2036 and expected to have a greater population than Wollongong or the Sunshine Coast.
The region itself is home to national parks, botanical gardens, riding trails and with its wonderful produce has been declared a “foodie’s paradise”. With such a splendid combination of nature and outdoors as well as thriving large central cities like Campbelltown it’s a real drawcard for young families. And young families are certainly flocking there.
Macarthur has excellent capital growth. House prices are surging as its population increases. According to HtAG Analytics, the burgeoning Wollondilly Shire located on Macarthur’s southern-end has a median house price of $1,003,000 and has experienced solid capital growth of 9.6% p.a. over the last 10 years. Prices in the area are predicted to continue increasing at a faster rate than the Sydney average.
Gregory Hills itself is fascinating. It’s a great example of how the Macarthur region is gathering steam. It’s a master planned community with parklands, a large shopping centre and town hall on their way. Gregory Hills is in the heart of the Macarthur region, between Camden and Campbelltown. It has been an instant hit since its development, with land being snapped up very quickly. It’s estimated to have 300,000 people in 30 years time.
Macarthur has been playing catch up with its infrastructure as the population has shot up. But now both State and Federal governments are firmly committed to putting in public transport, better roads and retail hubs. The State Government are drawing up plans for a Greater Macarthur Priority Growth Area.
Meanwhile, a $240 million redevelopment of the retail shopping centre, Macarthur Square, has been completed. With over 300 speciality stores and 4,000 car parking spaces this will open up the area for commerce. The south west rail link which opened in 2015, and connects Sydney to the area, has been a major boon for the Macarthur region. In March 2017 a consortium was appointed to make a feasibility study for a rail line out to the proposed Badgerys Creek airport. The new Edmondson Park Station and Leppington stations have also given residents better access to transport.
The future Wilton New Town is expected to provide 15,000 new jobs with significant infrastructure and schools planned. Wollondilly Council has priority focus to develop this area into a major new retail and commercial centre, with the town centre having potential to be the fifth largest town in NSW. The Government is also spending $3 million to investigate a potential bypass at Picton Town Centre.
The new Western Sydney Airport at Badgerys Creek will be at the heart of Greater West City. This new ‘aerotropolis’ will also include high-tech industries, universities, hotels, produce markets and sporting stadiums. To service the airport, two new mini-cities, a north city and a south city, will be constructed by 2050. The airport is on track to begin operations in 2026.
Rental yields for the area are on a positive trajectory, with houses in Tahmoor having a median rental of $525 per week, yielding 3.3% p.a with vacancy rates below 1%. The suburb is also affordable for a suburb in Greater Sydney with a median house price at only $835,000.
The Macarthur region ticks all the boxes that we frequently set out for potential investment areas. It has a booming population, strong capital growth and good rental yields and heavy planned investment in infrastructure. The extra cherries on the top are the planned Badgerys Creek airport that will bring in jobs, tourism and commerce. Also the redeveloped Macarthur shopping centre is a huge boon to the region along with the continual expansion of the south west rail link. For the savvy investor Macarthur offers an affordable entry into the Sydney market.
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