Blacktown, Western Suburbs of Sydney
The Blacktown City municipality has emerged in recent years as Sydney’s most popular market for home-buyers and investors. It stands out as an area with a good record on property price growth, based on rising sales activity in many of the suburbs in the municipality over the past 4-5 years.
The area grew in popularity in 2009 and 2010, with lower-end buyers targeting it as an affordable area with good transport links, prior to the Sydney property boom.
Since 2013, the median prices for many suburbs of Blacktown City have grown strongly, with some delivering double-digit annual growth rates. The rate of growth has moderated more recently but most suburbs now have long-term capital growth rates of 8% or 9% per year.
The upgrades to road and rail infrastructure in the Blacktown area add to its appeal. The approval of Sydney’s second airport at Badgerys Creek, followed by the naming of Schofields Town Centre and Seven Hills as priority growth centres, are other major elements.
There is also business expansion in the region, upgrades for Blacktown and Mt Druitt Hospitals, and a recently-opened water theme park. Also significant factor is the NBN rollout providing high-speed broadband connection to new estates.
This report includes the suburbs of Blacktown, Doonside, Lalor Park, Marayong, Mt Druitt, Plumpton, Quakers Hill and Seven Hills.