Almost a year ago now, John McGrath featured in an article by Katrina Creer in the Rouse Hill Times where he predicted,

‘for those living in The Hills, incoming major infrastructure would add to market confidence. The $8.3 billion Sydney Metro North West, stretching from Tallawong station at Rouse Hill to Chatswood station, is set to open shortly while the North Connex could be completed by the end of the year.
I think current infrastructure has been partly factored into the growth of the area, however, upon completion when the vision becomes a reality and people can experience the benefits, it will have a further positive impact.’ - John McGrath - Rouse Hill Times 19/2/19

John was 100% correct about the impact the Sydney Metro would have on property and the latest data trends from Domain.com.au have shown that there has also been a dramatic increase in online buyer activity for suburbs situated near the Sydney Metro.

Kate Burke from Domain.com.au reported, "‘Sydney home hunters are turning their gaze to suburbs along the new $7.3 billion metro line, with new data showing spikes in buyer interest in recent months.

The number of online property searches for suburbs along the Metro Northwest increased by as much as 37 per cent after the project opened in May, Domain data shows, with agents also reporting a jump in demand.

There are 13 stations linking Chatswood to Rouse Hill. Suburbs with metro stops had a combined 15 per cent spike in interest following the metro launch, for the period from June to December, when compared with the previous seven months. By comparison, searches across Sydney’s suburbs more broadly increased only 4 per cent over the same time period.’

There’s been nearly 4 times the interest (15%) from buyers searching for property near the Sydney Metro versus only 4% in other areas, yet Rouse Hill has experienced a massive spike of nearly 10 times the Sydney Metro average.

‘Rouse Hill, which has two stations, had the biggest uplift, with searches to buy in the suburb up 37.8 per cent. Cherrybrook, Macquarie Park and North Ryde were next with searches for each increasing more than 25 per cent.’

This is also excellent news for acreage owners with strong price growth anticipated for properties located in suburbs situated in close proximity to either the Rouse Hill Station or Tallawong Station as today’s more modern acreage buyers seek a more peaceful, spacious rural life, they also yearn for convenience and an easy commute.

Working from the McGrath Rouse Hill office, our team have experienced the dramatic increase first hand and as the acreage specialist it’s been great to be able to be right in the thick of what’s happening so that I can have a greater insight into what’s ahead for the acreage market in the months ahead.

If you’d like to know what the forecast is for your acreage property or for your acreage suburb, don’t hesitate to get in contact with me.

Regards

Greg Vincent