- Ropes Crossing (Sydney – Blacktown)
The suburb of Ropes Crossing, located in Sydney’s Blacktown area, has a gross rental yield of 4% as of October 2022, an increase from 3.4% in October 2021. The vacancy rate in October 2022 is at a low 0.2%. The median value of properties in the area is $749,179, with a 12-month change of -6.6% and a 5-year change of 9.5%. The median weekly rental value is $554, with a 12-month change of 8.9%.
Ropes Crossing is a suburb that is popular among young families due to its relatively affordable housing options, high levels of employment, and new homes. It is located close to key employment hubs such as the St Marys industrial estate, the developing Western Sydney Airport, and the metro line between St Marys and the airport. Despite the comparatively lower median value of properties in the area, which reflects its distance from central Sydney and the nature of development across relatively new housing, Ropes Crossing offers amenities such as parks and recreation areas, transport options, and a convenient village shopping area.
According to experts, the suburb’s popularity is reflected in its low vacancy rate of 0.2%, which has been consistent through 2021-22. This is due to the suburb’s growing population and the development of 2,200 new homes in recent times. However, some people may not find the benefit of buying property in Ropes Crossing due to the smaller block sizes and houses being developed closely together. Overall, Ropes Crossing is a sought-after area for those looking for affordable housing options with easy access to employment hubs and amenities.
Currans Hill (Sydney – Outer South West)
In the outer south-west of Sydney lies Currans Hill, which has experienced a gross rental yield increase from 3.4% in October 2021 to 3.9% in October 2022. The vacancy rate is currently at 0.2%. The median value of properties in the area is $819,793, with a 12-month change of -0.6% and a 5-year change of 23.8%. The median weekly rental value has increased by 9.7% to $613.
Currans Hill is situated in the Macarthur region and falls under the jurisdiction of Camden Council. According to Puttick, the area mainly comprises detached homes and has a growing population of young families and maturing couples. The neighbourhood is known for its lush greenery, cleanliness, and recreational facilities such as parks, lakes, and reserves with scenic cycleways and walking paths. It also offers convenient bus transport options, good schools, and easy access to amenities such as supermarkets, shops, cafes, and restaurants. Currans Hill is located in the Camden dress circle and is not far from Western University, Mount Annan, and Macarthur Square, making it an affordable and family-friendly neighbourhood.
Airds (Sydney – Outer South West)
In October 2022, the gross rental yield is expected to be 3.8%, which is higher than the 3.4% recorded in October 2021. The vacancy rate for October 2022 is predicted to be 1.3%. The median value of properties is $685,038, which has decreased by 2.4% in the past 12 months but has increased by 19.2% over the last five years. The median weekly rental value is $501, which has increased by 8% in the past 12 months.
Narellan Vale (Sydney – Outer South West)
Narellan Vale, a suburb in the Macarthur region and situated in the Camden Council area, is a sought-after location for young families, according to Puttick. The area offers local shops for everyday necessities, while larger shopping options are available in nearby Mount Annan. As of October 2022, the gross rental yield is 3.7%, with a vacancy rate of 0.4%. The median value of properties is $938,371, with a 12-month change of -0.3% and a 5-year change of 25.4%. The median weekly rental value is $663, with a 12-month change of 12.2%.
Emerton (Sydney – Blacktown)
In October 2022, the gross rental yield was 3.7%, which is an increase from 3.2% in October 2021. The vacancy rate in October 2022 was 4.8%. The median value of properties was $628,300 with a 12-month change of -5.0% and a 5-year change that is not available. The median weekly rental value was $463, which experienced a 12.6% increase in the last 12 months.
Spring Farm (Sydney – Outer South West)
In October 2022, the gross rental yield for Spring Farm is 3.7%, which is an increase from the previous year’s 3.3%. The vacancy rate for the same period is at a low 0.4%. The median value of properties in the area is $932,252, with a 1.9% increase over the past 12 months and a 26.2% increase over the past five years. The median weekly rental value is $658, which has increased by 11.6% in the past year. Spring Farm is located on the east side of the Nepean River and is part of the Macarthur region. It offers a family-friendly lifestyle with access to transportation and local shops, while nearby Mount Annan provides more extensive shopping options.
Cambridge Gardens (Sydney – Outer West and Blue Mountains)
In October 2022, the gross rental yield increased to 3.7% from 3.4% in October 2021. However, the vacancy rate for October 2022 is not available. The median value for the property market is $752,637, which has seen a 0.6% increase over the past 12 months and a 23.5% increase over the past 5 years. Additionally, the median weekly rental value has increased by 6.4% to $544.
Bidwell (Sydney – Blacktown)
In October 2022, the gross rental yield is 3.7%, which is higher than the 3.2% recorded in October 2021. The vacancy rate for October 2022 is not available. The median value of properties is $641,463, which has decreased by 3% over the last 12 months and increased by 14.7% over the last 5 years. The median weekly rental value is $471, which has increased by 13.4% over the last 12 months.
The following is information about other suburbs in Sydney, along with their gross rental yield, vacancy rate, median value, and median weekly rental value.
Werrington Downs has a gross rental yield of 3.7% and a median value of $765,756.
Wilton has a gross rental yield of 3.7% and a vacancy rate of 3.6%.
Dharruk has a gross rental yield of 3.7% and a median value of $644,018.
Mount Annan has a gross rental yield of 3.6% and a vacancy rate of 0.9%.
St Helens Park has a gross rental yield of 3.6% and a vacancy rate of 0.6%.
Blackett has a gross rental yield of 3.6% and a vacancy rate of 2.7%.
Hebersham has a gross rental yield of 3.6% and a vacancy rate of 1.3%.
Hassall Grove has a gross rental yield of 3.6% and a vacancy rate of 1%.
Villawood has a gross rental yield of 3.6% and a vacancy rate of 1.6%.
Bardia has a gross rental yield of 3.6% and a vacancy rate of 3.1%.
These suburbs are located in various parts of Sydney and have experienced different changes in median value and median weekly rental value over the past year and five years.North Sydney Mortgage Broker Speed Lending offers expert guidance and support. Visit their landing page at Buying Home or Click here to calculate your borrowing capacity by yourself.