The main problem with the current real estate boom
The real estate boom is continuing to grow all over Sydney, especially in Parramatta and Western Sydney according to an article in Domain.com.au. Property agents are saying that buyers are plentiful and that the primary “complaint” in property right now is the lack of family-sized homes needed to meet the demands of growing families in Parramatta and Western Sydney.
What’s behind this growth in Parramatta and Western Sydney?
The development of Parramatta and the western suburbs has been in play for several years now. Parramatta has started to become a city of interest as far as economic growth, which tends to spark areas of growth in other ways.
There is a lot happening! Everything from the confirmation that Sydney’s second airport would be built at Badgerys Creek to new office business towers in Parramatta city centre and added local transport lines are contributing to the boost in the area, meaning more jobs and also demand for housing.
5 Tips if you are planning to buy a home in Parramatta and the Western Suburbs
- Early planning – One of the elements we discussed with real estate professionals is early planning. The Parramatta and western Sydney region are huge so start looking around and get a feel for locations and areas that appeal to you and your family.
- List making – Making lists of the various elements of buying a home will help keep you on track throughout the process. Make lists of what professionals you should talk to, what kinds of features you want in a home/property, locations you are interested in, and what the local area has to offer for you and your family.
- Research businesses – During the process of buying a new home, you will need various types of service providers and assistance along the way. Some include: Real estate agents, mortgage brokers, home removalists, pest/building inspection services, accountants, builders, conveyancers, and other tradies and businesses related to buying. selling and moving.
- Location research – Location is an important factor in choosing a place to call home. Understand where everything is located and decide what public transport, schools, shopping centres or workplaces you need to be close to.
- Property features – It’s also important that you find a family home with all the amenities and features you need and desire. How many bedrooms and bathrooms does your family needs? Do your living room, kitchen, and dining areas need to be in open or separate spaces? Get your family together and discuss the “must-haves” versus “nice to haves” considering your budget.
Get connected to your local businesses
Whether you are buying, selling, maintaining your existing home or refinancing, it is important to know the right local professionals to speak to and that can help you navigate the process. Our Tradebusters Connect free local directory service can help you do just that.
Other Useful Links:
Local Trade and Business Directory- Backtown Sydney
Local Trade and Business Directory- Blue Mountains Sydney
Local Trade and Business Directory- Fairfield Sydney
Local Trade and Business Directory- Hawkesbury Sydney
Local Trade and Business Directory- Hills District Sydney
Local Trade and Business Directory- Liverpool Sydney
Local Trade and Business Directory- Parramatta Sydney
Local Trade and Business Directory-Penrith Sydney