Is H&Land in Sydney Southwest worth buying?
The overall house prices of Sydney have risen very well in the previous five years. So does it mean that the house prices in the Sydney Southwest New Area have also risen very well?
First of all, the Southwestern New Area of Sydney refers to some new areas near Sydney's second airport because the developers are promoting some house and land packages.
Because of the lack of comprehensive data of the Southwest New Area, the suburbs with a small population has only more than 2,000 people, and the more suburbs only have around 4,000 people.
So these data are incomplete.
From 2017 to 2021, among the eight southwestern suburbs, six areas have risen. The low ones have risen by about 7.8% in total, and the high ones have risen to about 32% at most.
The prices in two suburbs have fallen, from about 13% to 21% respectively in the five years from 2017 to 2021.
In the Southwest New Area, houses and land growth rate is similar to Sydney units, with 2/3 rising and 1/3 still falling.
It is a confusing phenomenon.
People who want to buy land and house packages in the Southwest New Area should do some research on their own.
After all, minimal data, and most of us are not familiar with the local situation.