First home buyers in Sydney are flocking to Westmead thanks to its affordability, proximity to the city and lifestyle

First home buyers in Sydney are flocking to Westmead thanks to its affordability, proximity to the city and lifestyle

Published by DEICORP – 14 November 2019

Data reveals that this year, in the month of August, Westmead received the top value in First Home Buyers Grant benefits for the state, with first home buyers collectively enjoying benefits of more than $1m towards the purchase of their new homes.

This article was published by realestate.com.au on 13 November 2019. Read the article here: https://www.realestate.com.au/news/one-of-sydneys-top-suburbs-for-first-home-buyers/?p=530871&draftsforfriends=8hvekqzWfB0uVt04bmKtwuWEtSUIK67C

Since the scheme opened in the year 2000, The NSW Revenue office shows that more than 8,600 first home buyers have applied for benefits to buy a property in Westmead.

The NSW Government offers First Home Buyers a grant of $10,000 on newly built homes up to the value of $600,000, while eligible buyers are also exempt from transfer duty on new homes up to $650,000.

Metro to the CBD in just 20 minutes

While Westmead train station and the T-way bus currently service the area, the recent announcement of the new Western Sydney Metro stations, starting at Westmead and then Parramatta, means that residents of Deicorp’s latest project, Highline Westmead will be able to travel to the CBD in less than 20 minutes.

In addition, the Sydney Light Rail, which is due to open in 2023 will take commuters to the largest concentration of hospital and health services in Australia. It will then continue to Western Sydney University, ending 12 kilometres away at Carlingford.

Investment and infrastructure

As the country’s second fastest growing economy, with more than $38 billion of investment into transport and infrastructure, the future of the suburb looks bright.

Peter Neale, sales and marketing director at Deicorp says first home buyers are looking for options that offer affordability now and good capital gain fundamentals for the future.

“Ultimately, for a first home buyer it’s about finding somewhere that’s affordable and good quality, somewhere that’s a stepping stone. You may eventually use any capital gain as a stepping stone up to your next home or even keep it as a great investment.”

Highline Westmead is at the centre of this booming suburb and with one-bedroom apartments including parking and storage under $600,000, first home buyers are able to get onto the property ladder.

Lifestyle and entertainment

The ongoing infrastructure spend in Westmead is making it a desirable place to live, work and play.

With the proposed Eat Street and Civic Centre on the doorstep of Highline and a number of cafes and restaurants close by, residents in the area are spoilt for choice when it comes to culinary and entertainment options.

“You can walk five minutes down the road to Parramatta Park, which is beautiful, with the river running through it and bikeways and walkways to connect with Church Street in Parramatta,” says Neale.

Resort-style amenities

Highline Westmead’s rapidly selling new release offers panoramic views of Sydney CBD and back to the Blue Mountains.

Residents will have access to a resort-style pool, BBQ and garden facilities within the precinct and Neale says that Highline is all about lifestyle and convenience.

“It’s an impressive precinct in that, normally you would see an apartment project and it’s on the side of a road, but this has its own private precinct.

“You drive in and it has a really nice entrance with one-hundred-year-old fig trees that are part of the project and are heritage listed. Then you drive around these big fig trees and into your underground carpark. So, it’s quite unique.”