Sydney real estate prices continue to skyrocket, leaving many would-be property buyers asking the question, “Where to from here?”. The answer may be in the form of Belfield, a suburb less than 15km from Sydney’s CBD.
Data from Domain.com.au shows the inner-west median house price in Strathfield and Burwood sits at a whopping $2.16M and $1.54M respectively. But by venturing just a few minutes further afield, the suburb of Belfield sits at $1.34M, opening the door to those knocking to get into the Sydney property market.
Commuting to Sydney’s CBD is a breeze with Belfield less than an hour by public transport, half an hour by car, or an hour for the cycling enthusiast.
Taking in a concert, NRL match, athletics event or show at Olympic Park is easy, with Homebush only 8 kilometres up the road. There are spectacular views of the Sydney skyline, Cooks River, and Belfield’s parklands, and as you might expect, outdoor activities are plentiful, with stunning parks, reserves and sporting fields close by.
Belfield is also making a name for itself with its ever-changing dining experiences, by embracing diversity and the growing café culture. The City of Canterbury-Bankstown, where Belfield sits, has more than 1,300 food establishments – the second largest number in NSW outside the Sydney CBD. An increase in alfresco dining, courtesy of a pilot Outdoor Dining Program, is also adding vibrancy to Belfield.
“It helps add character to our streetscape; provides extended trading opportunities for local business; and supports the prosperity of the local economy, said mayor Khal Asfour.
“This trial will attract even more people to Belfield.”
There’s ample shopping both in Belfield and in Belfield’s sister-suburbs, and also important amenities, including private and public schools, public transport, and stunning parks. And best of all, real estate prices in Belfield are still within reach for a large sector of buyers.
Australian-owned real estate investment company Gazcorp Pty Ltd took all of this into account when it chose Belfield as the location for their upcoming residential development, The Mason Belfield.
“We wanted to provide choice for first home owners, down-sizers, and buyers wanting to invest close to the city,” says Nabil Gazal, Jnr. of Gazcorp.
Gazcorp joined forces with nationally renowned Sydney property experts, CBRE Residential Projects, and award-winning designers and architects, Luchetti Krelle and Olsson & Associates, to create The Mason. Collectively they have produced contemporary designs combining eye-catching exteriors with sleek interiors and sophisticated furnishings throughout, without the hefty price tag.
“Pricing to suit families, couples and singles was paramount during planning and design stages,” says Mr Gazal.
With entry level to The Mason starting at $540,000, Sydney buyers now have another viable and compelling alternative to inner city property investment. Construction is due to start within six months.
The Mason is just one option in a growth area that’s an exciting alternative to priced-out buyers. And as it continues to grow, it won’t be long before Belfield becomes Cinderella to its stepsisters, Strathfield and Burwood.
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- Belfield: The Sydney Suburb with A Nice Ring To It - July 16, 2018