Where are the best suburbs to invest on the lower north shore?
Article written September, 2017
Where are the best suburbs to invest in lower north shore real estate? Homesearch Solutions currently recommends the suburbs of Chatswood, Crows Nest & North Sydney as hot spots for your investment property purchase. First of all this is because these are all areas that currently have appeal, great amenities and good proximity to the city. Plus, we believe that these suburbs will all continue to appreciate due to the completion of the new Sydney Metro Line and Stations currently under construction.
The Sydney Metro Line
The line began construction in 2017 and is planned to open by 2024, and is estimated to cost between $10–11 billion.
What opportunities will the Sydney Metro line create for North Shore property buyers?
Chatswood
Where will the new metro station be located?
The new station will be just south of the current Chatswood Train Station.
Appealing factors for investors in the Chatswood area
- Large shopping centres with Westfield, Chatswood Chase and the nearly completed Chatswood Place
- Hoyts Cinemas
- Many new restaurants opening up in the area
- Chatswood Concourse with the modern theatre and library
- Large parks in the area and leafy streets
- New quality modern apartment buildings and expensive Federation style & modern houses on large blocks
- Complimented by the existing main Chatswood train station for the North Shore line to the city
- 1 bedroom units – start at around $700,000 for units in older buildings, and around $900,000 for units in modern complexes
- 2 bedroom units – start at around $900,000 for units in older buildings, and around $1,200,000 for units in modern complexes
- Houses – start at around $1.8M for unrenovated houses in West Chatswood and through to around $6M for large houses close to the amenities
Crows Nest
Where will the new metro station be located?
Near the corner of Oxley St & Pacific Highway
- Willoughby Road & Alexander Streets appealing restaurants, cafes and bars
- Character Federation & Victorian houses with many free standing, semis, terraces & townhouses
- Low rise area with a village atmosphere, shops and amenities
- Near Royal North Shore Hospital
- The new Woolworths in Alexander Street
- Complimented by the existing St Leonards train station for the North Shore line to the city
- 1 bedroom units – start at around $650,000 for units in older buildings, and around $850,000 for units in modern complexes
- 2 bedroom units – start at around $850,000 for units in older buildings, and around $1,200,000 for units in modern complexes (of which their are a current shortage)
- Houses – start at around $2M for a semi attached house through to around $4M for a quality free standing house on a reasonable block size
North Sydney
Victoria Place, at the corner of Berry & Miller streets
Appealing factors for investors in the North Sydney area
- Changing character of North Sydney from being largely commercial, to a mixed residential/business suburb
- The ongoingNorth Sydney Council Living Campus project which aims to create a series of attractive, safe and engaging spaces for students, residents and workers to enjoy.
- New restaurants, cafes & amenities are continuously opening up.
- North Sydney Oval which seems to be hosting more high profile sporting and community events.
- The area is next to McMahons Point restaurants in Blues Point Rd & also nearby Kirribilli
- Location next to the harbour foreshore, parks and ferries
- The metro station will be the last stop before Barangaroo Station in the city
- Transport links are complimented by the existing North Sydney train station for the North Shore line to the city and the existing bus network
- 1 bedroom units – start at around $700,000 for modern complexes, with not many older style units there
- 2 bedroom units – start at around $950,000 for modern complexes
- Houses – start at around $2M for a semi attached house through to around $10M for a modern waterfront house
Henry Wilkinson can help you locate and purchase your investment property in Chatswood, Crows Nest, North Sydney and surrounding areas. You can contact Henry by calling 0409 105 015 or email him here.