The apartment development pipeline in Sydney is strong across the metro area, highlighting the trend towards densification around transport nodes within the Emerald City.
Guest post: Urban
While some inner Sydney suburbs make the top 20 list below – such as Mascot at #13, Zetland at #18, and Sydney CBD itself just outside the top 20 at #21 – the bulk of Sydney’s new dwelling pipeline are in the middle and outer reaches of the metropolitan area. Of the top 10 suburbs listed, only one is located within inner-city Sydney.
There is a strong correlation between public transport investment and corresponding development around these transport nodes. The list below demonstrates this correlation – most of the top suburbs are situated at key junctions within the mass transit system, and many are in line to receive large-scale mass transit investments.
Parramatta for example, the top Sydney property development suburb for new residential apartment supply at this moment, has a new light rail system under construction and is mooted to be the western anchor for Sydney’s Metro West project – a high speed, automated rail shuttle between Parramatta and the Sydney CBD.
Further afield, Schofields and Rouse Hill are outer metropolitan suburbs that will see a big boost in transport capacity soon, with the opening of Phase 1 of Sydney Metro North-west, City and South-west in the first half of 2019. Connecting the Hills to Macquarie University, Shopping Centre, and employment lands as well as Chatswood, this will be the first phase in a 66-kilometre high-speed rapid transit line connecting key points in Sydney.
On this line, already plans are afoot to marry new transport capacity with access to residential housing, employment and social amenity. The Bankstown-Sydenham corridor will receive a well-guided new supply of residential apartments, and the Waterloo Estate redevelopment is shaping up to be a significant new destination in inner southern Sydney.
The transport-residential apartment supply correlation continues – Liverpool, Lidcombe, Epping and Penrith fly the same transport flag, and Wentworth Point, a former industrial peninsula adjacent to Sydney Olympic Park which currently ranks at #4 in supply, will be the beneficiary of Parramatta’s Phase 2 light rail.
The number of dwellings for each suburb below are sourced from the Urban.com.au property database and include projects across all stages of the development process – Planning Assessment, Approved, Registration & Sales and Under Construction.
Click on a suburb name to view a summary of the development pipeline for each region.
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