Brundah Crest Estate Thirlmere NSW

For Sale

$659,300

  • 1_680
  • brundah-crescent-thirlmere-nsw_large

Property ID :

 RH-6202-property

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Area

558 m2

Description

(South-West Sydney – Dual-Incomes and Houses | High Yield)

 

The developers are able to package house and dual-income options on these lots. Prices will vary based on the design, however, yields will go up to 6.3% depending on the lot size and design of the dual-income dwelling.

The region has been earmarked by the State Government for population growth, with Wilton nominated as the site for a new town to accommodate 50,000 residents. Also, the NSW State Government has allocated $100 million in the 2017-18 State Budget towards a new high school in Picton to support the future growth.

New land estates are emerging, creating fresh opportunities for home-owners and investors to buy real estate at prices that are affordable relative to other parts of the Sydney metropolitan area.

Around 50% of property owners in the Wollondilly Shire are paying off a mortgage; only 15% pay rent, according to the 2016 Census.

In October 2016, Cameron Kusher, CoreLogic RP Data’s senior research analyst, noted that lifestyle markets, such as the Southern Highlands and Wollondilly, were seeing a heightened level of real estate turnover.

In the last 12 months, many towns in the Wollondilly LGA have seen double-digit growth in median house prices, including Oakdale (up 40%); The Oaks (up 37%); Warragamba (up 25%); Appin (up 19%); Bargo (up 15%) and Tahmoor (up 11%), according to CoreLogic.

The towns with the busiest markets for sales were Tahmoor, Bargo, Picton and Thirlmere, though the numbers are moderate when compared to their city counterparts.

The median house price in Tahmoor is $565,000, supported by a yield of 4.0%.

Median yields between 3% and 4% are typical of most the Wollondilly markets.

You can buy three- and four-bedroom brick houses in Thirlmere for around $650,000, the current median price, or lower.

The median house price in Picton is higher at $715,000 following a 9% rise in the past 12 months. Prices in Bargo are also higher than Thirlmere, with a median price of $678,000.

One of the strengths of the Wollondilly Shire property market is the long-term capital growth rates. The average annual growth rate over the past ten years is 7–9% for most of the towns across this region.

Vacancy rates vary from town to town, which can be expected in such a wide geographical spread.

Generally, they are contained to under 3%, though Bargo, The Oaks and Oakdale are higher. New land estates under construction in The Oaks and Oakdale have possibly forced the vacancy rates up in these two towns.

There is also a new land estate offering house-and -and packages in Thirlmere, where the vacancy rate currently is 1.7% (postcode 2572).

  • Max: $733,300
  • Min: $659,300
    • Land Min (m²) : 500
    • Land Max (m²) : 558
  • House Min (m²) : 169
  • House Max (m²) : 190

 

 

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