As the cost of housing in Sydney continues to rise, potential buyers are looking further afield to get into the property market.
Suburbs such as Forestville, Killarney Heights and Frenchs Forest, are proving an attractive option for many.
These Middle-ring suburbs offer more affordable housing than the inner-city suburbs and buyers may also find larger land for houses and a lower density unit landscape.
You will see that once we get over the Roseville Bridge median sale prices increase. Chatswood has a median price of $1.7 million, Roseville $1.94 million, Willoughby $1.6 million, and Cammeray $1.66 million, whilst Forestville still offers great value with a median price of $1.17 million
While overall amenity may not be as significant as within the inner 10km ring, because they are well established suburbs and still close to the city centre they are typically well catered for with regards to amenities and infrastructure.
Whilst the data shows that you may still buy in areas close to the city for less than $1 million in suburbs such as Turrella – $839, 676, Sydenham – $845,771, St Peters – $920, 169, Tempe – $921, 390 and Waterloo – $936, 540, you would find that house here only offer tiny land sizes often around 100 square metres.
In “The Forest” you should expect to get houses on more like 800 – 1,000 square metres.
As the cost of housing becomes more unattainable for many within the inner-ring suburbs we are experiencing strong demand for homes in The Forest area.