Like much of the Australian population, your main goal in life is probably to own your own home. However, in today’s market, this can be easier said than done. Are your financial prospects not looking good, and you can’t afford the exorbitant asking price for listed properties in central Sydney?
Can’t afford to move to another city and don’t want your family to go through a sudden change? In this case, the only realistic option available to you is to look at a property listed in one of Sydney’s nearby suburbs. Why should you look at houses for sale in Bonnyrigg Heights? It’s all about practicality.
Sydney is a gigantic city characterised by business opportunities and entertainment, as well as congestion, traffic jams, and high prices. Do you want your family to live in a more relaxed place?
Do you want your children to grow up in a family-friendly suburb where the lawns are green, the neighbours are welcoming, and the roads are free of hazards? In that case, looking for houses for sale in and around Cecil Hills or Edensor Park might be a great idea.
Not least, Sydney’s suburbs benefit from an excellent public transport network. So, buying a house here may be an option to consider if you want to save on commute costs or be close to the major highways or express roads that connect to the most recognised attractions in the region.
A house sold in Bonnyrigg Heights will have a larger footprint than one listed in central Sydney and will most likely be more modern. However, the main reason why you should choose suburban living is cost.
What Are the Financial Advantages?
First of all, housing costs in Bonnyrigg Heights are significantly lower than in other Australian cities. In central Sydney, the median price of housing is over $1.6 million, which is unmanageable for most Australian families. Can you get a mortgage to cover this amount? Probably.
But the median price of a home in Bonnyrigg or Green Valley is $1.1 million. That $500,000 difference is significant, and as the distance to the Sydney centre is only 30km, it’s difficult to justify.
In the end, it’s a matter of practicality. What is really important to you? The lower price or the proximity to sights and entertainment venues? Next to Melbourne, Sydney is the most sought-after city in Australia, and that makes the housing market constantly appreciating.
Want to buy a home here? Then, you’ll have to pay a premium for a property that will often have smaller square footage than one purchased a few kilometres from the centre. At the same time, the same market growth can be found in homes available in the suburbs.
In 2024, the median value of a house sold in Bonnyrigg Heights was $1.1 million. However, considering that the annual compound growth for homes listed in Bonnyrigg is 10% per year, the same property, in 2030, could be worth at least $1.7 million.
Moreover, listed homes in the suburbs are a significant financial opportunity if you want to invest in a granny flat. Want to benefit from a passive income? If so, you could invest in an ADU, which you could then rent out for a minimum of $550 per week.
The financial advantages are hard to ignore, which is why the housing market in Sydney’s suburbs is one of the fastest growing in Australia.
What Amenities Can You Find in Bonnyrigg Heights?
Bonnyrigg is a developed suburb that can be a viable alternative for people looking to escape Sydney’s congestion. What are the amenities that the houses for sale in this sprawling neighbourhood have access to? Firstly, state-of-the-art recreational facilities.
Want to get active with your friends or family? In that case, you could visit the Bonnyrigg Sports Club. Do you need supplies for your home renovation projects? If so, you ought to see the Bunnings store in Bonnyrigg.
Are you hungry? Then, a McDonald’s is just near Bonnyrigg Town Center Park. Do you want to go for a run alongside your companion? If so, Homestead Park is a great choice. But what about your children’s educational needs?
Bonnyrigg is home to a primary school recognised nationally for the quality of its curriculum and is also just a few minutes’ walk from the Edson Park Public School. Are you on the lookout for a moment of serenity?
If so, the Mingyue Lay Buddhist temple is just a 5-minute car ride to the East. Bonnyrigg is a fantastic suburb if you are planning to escape the hustle and bustle of Sydney centre; it is filled with parks and green spaces, offers a cultural diversity hardly matched in Australia and boasts numerous recreational activities that can improve your physical and mental health.
What about Natural Landmarks?
Living in Bonnyrigg can bring you close to some of Eastern Australia’s most superb natural attractions. Are you a fan of sprawling nature and want to explore the many walking trails and picnic areas available in the area? In that case, you should visit the Western Sydney Parkland, situated less than 10 km away from Bonnyrigg.
Want to walk along a tranquil forest that showcases some of our country’s densest concentrations of Eucalyptus? Then, it would be best if you visited the Cumberland State Forest, less than 25 km away from Bonnyrigg.
Is the main reason you are looking at houses for sale in Bonnyrigg Heights the proximity to the Blue Mountains National Park? That’s great. However, Bonnyrigg is also close to the Nattai and Abercrombie River National Parks. Moreover, the Gardens of Stone State Conservation Area is just a two-hour drive away.
The prices for a house sold in and around Bonnyrigg will always be more advantageous than one listed in central Sydney. Moreover, suburban properties are surrounded by more greenery, are quieter, offer more opportunities for day trips, and are perfect for raising your children in peace.
It’s a Fantastic Choice
A house sold near Bonnyrigg will be a better financial deal than one located near Sydney’s business centre. Plus, the market growth prospects are even more accelerated than for properties closer to the airport.
In Darlinghurst, for example, where the median price of homes listed on the market has exceeded $2 million, the 12-month real estate growth went into the negatives. On the other hand, in Bonnyrigg, the growth is 10%.
The market in the suburbs is developing rapidly, and buying a home 30 to 40 kilometres away from Sydney Centre can be a good investment that will bring you a significant ROI.
Secondly, the location of the properties listed in Bonnyrigg is attractive. Sydney’s CBD is 35 kilometres away, while the airport is 40 kilometres away. Do you want to see the Olympic Park? Then, it’s just 25km away, while Liverpool is a 10-minute car ride from your property.
A listed property in Bonnyrigg will have advantages over a more expensive one located closer to Sydney’s CBD, and the financial perks make buying a home here one of the wisest decisions you can make.
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