Buying a home in Sydney may seem daunting, especially for first-home buyers. Fortunately, the recent interest-rate cuts along with more favourable banking policies are helping buyers who are looking at buying their first home. Additionally, investors have in recent times retreated from the market consequently maintaining friendlier prices for prospective buyers.
Sydney remains one of the best tourist destinations not only within Australia but also around the globe. For those who want to invest in their first home, a beautiful and peaceful property in the Sydney suburbs is a wise choice.
Listed below are some of the best five Sydney suburbs for first-time home buyers.
1. North Ryde
North Ryde is an excellent suburb for raising a family. The suburb provides excellent transport infrastructure and is close to major shopping centres, corporate and commercial business parks, Macquarie University not to mention Sydney itself. The suburb is growing in terms of recreation and lifestyle amenities. More businesses, such as restaurants, are sprouting from corner to corner. North Ryde is approximately 15.8 km distance from the central business district (CBD).
Leichhardt is traditionally known for its Italian-themed restaurants and cafes along the Norton Street retail strip. Every year, the community celebrates the grand Italian Festa that commemorates the rich Italian heritage. It also has an excellent transport system that caters to its growing number of inhabitants and is blessed with good schools. It is approximately 5 km away from the CBD.
The suburb of Hornsby is one of the most livable areas for Sydneysiders. It is great for public transport with both buses and trains available. It also has shopping centres, a public and private hospital, as well as good schools. It is a bit further from the city compared to some of the other suburbs on this list at approximately 19 km away from the CBD.
For those who prefer a suburb that highlights outdoor living, Collaroy is one of the best options for first-time homebuyers. Collaroy is located on the Northern Beaches of Sydney and its beachside locationallows its residents and tourists to surf, swim, and walk along the shore. There are different organic food cafes, restaurants, and surf shops that many people enjoy. Collaroy is approximately 22 km away from the CBD.
The suburb of Newtown in Sydney’s Inner West appeals to both younger and older markets. For the younger residents, it offers a cool artistic presence and an interesting cafe culture that also makes it an excellent destination for tourists. Meanwhile, it is also ideal for those who want to retire, given the abundance of amenities on its doorstep. Newtown is approximately 4km away from the CBD. It is also a short ride away from the Broadway Shopping Centre.
The real estate market in Sydney became more favourable to buyers looking into purchasing their first home in the suburbs. The list of Sydney suburbs above contains some of the best locations for first-time home buyers. Explore the areas and check your options.
If you’re looking for a buyer’s agent to help you find a property in Sydney, get in touch with us today to see how we can help.