Residz Team 2 min read
Hawkesbury is a little-known gem on the edge of the Sydney metropolitan area with a population of 64,000 people which offers a superb lifestyle combining rural life with easy access to the city - only one hour away.
This family-based area with strong community ties has everything for prospective buyers and investors alike. There is a wide range of styles in Hawkesbury real estate together with first-class schools, and leisure facilities. Historic and scenic attractions make it the perfect place to live, especially as transport and communication networks are rapidly developing and providing access to all State-wide services.
Real Estate in Hawkesbury
The area consists of four main suburbs, Windsor, North Richmond, Pitt Town and Wisemans Ferry. Within the Hawkesbury real estate market, prices vary across the suburbs, the main driver being the size of land associated with the property. Real estate in Hawkesbury provides good value opportunities for both buyers and sellers across all price ranges. Pitt Town is a good example of the sustained demand for property attracting strong prices which have, as a result, spread into adjacent areas such as McGraths Hill, Oakville and Cattai. Even areas closer to Windsor and Richmond have felt the effects.
Hawkesbury Real Estate - Market and Price Structure
. Top End - Oakville, Windsor Downs and Maraylya are the suburbs with the highest prices with Oakville being the best top-end performer in the last year. The average price of a 4-5-bedroom property on 5 acres of land was $2.5 million which represents a jump of over $600,000 in 12 months.
. Mid Range - Ebenezer, Kurmond, Wilberforce and Kurrajong have seen large increases in price and property prices now sit in the $700,000 to $1,000,000 range. These properties are a mix of older and modern style homes with good-sized pieces of land and represent fantastic growth in future values.
. Affordable Range - despite the significant growth in property prices throughout the Hawkesbury area, first-time buyers will find a good selection of attractive properties in areas such as Glossodia, Hobartville, and Freemans Reach. Properties between $500,000 to $600,000 are well below the $980,000 state average and given the attractiveness of the area, offer great growth potential. 22% of Hawkesbury's residents rent their homes and the demand for rental properties in this price range ensures really strong rental returns for investors.
Demand for real estate in Hawkesbury is on the up and the area is one of the best performers in the state of NSW. Industry analysts report significantly greater search activity for suburbs in Hawkesbury than elsewhere in the state. This is good news for buyers of Hawkesbury real estate at all levels and points to continued growth in value for both occupiers and investors.