All About Northmead, Parramatta , NSW 2152

Northmead Real Estate Market Outlook

Thinking about buying in Northmead? Now could not be a better time, with 6573 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,770,000 with prices in this suburb ranging from $99,000 to $68,309,000. The aproximate distance to the coast is 20 Km.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Northmead due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The high percentage of professional people in Northmead classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Northmead necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

Northmead, located in the Parramatta region of New South Wales, is a suburb that offers a blend of suburban tranquility and urban convenience, making it an appealing choice in the housing market. Over recent years, Northmead has experienced considerable development and revitalization, contributing to its growing popularity among homebuyers. The housing market here primarily consists of a mix of older homes, townhouses, and new apartment complexes, offering a range of options for different preferences and budgets. Price trends have seen a consistent rise, reflecting the suburb’s increasing desirability, its proximity to Parramatta's bustling CBD, and the general upward trend in Sydney's housing prices. The area's infrastructure is well-developed with good transport links, including easy access to major roads and public transport options, which connects residents effectively to Parramatta and Sydney Central Business District.

Living in Northmead offers a blend of comfort, convenience, and community spirit. The suburb is characterized by its greenery and abundance of parks, such as the Northmead Reserve and Third Settlement Reserve, providing ample opportunities for outdoor activities and family-friendly fun. The local education system is robust, with several primary and secondary schools, making it an attractive option for families. A variety of shops, cafes, and essential services contribute to Northmead's self-sufficiency, while its proximity to Parramatta means that residents can easily access larger shopping centers, diverse dining options, and cultural attractions. Northmead exudes a charming suburban vibe while benefiting from the amenities of a larger city, thereby offering residents a balanced lifestyle with both quietude and convenience.

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