While development is undoubtedly taking place in Sydney, you interestingly won’t find much of it in the actual CBD.
In our top ten list (seen below) there is only one inner-city suburb included.
The majority of dwellings scheduled for the development pipeline can be located in outer suburbs, some quite a significant distance from the city.
It’s the middle and outer-metropolitan areas that are receiving a swarm of new apartment blocks.
There is a couple of inner-city inclusions just outside of the top ten like Mascot and Zetland, at #13 and #18 respectively, but the 2000 postcode misses the top 20 by one spot.
So while this seems like it may not make sense, (why are people in apartments moving further from the city?), there is a valid reason.
The suburbs that hit the top of the list are all scheduled for significant large-scale public transport infrastructure, meaning they will be easier to get to, along with the attractive price tag that distance from the centre brings.
Parramatta, in particular, has a new light rail line on the way which is currently at the second stage of planning that secures its spot at the top.
Next year will see the first part of the Sydney Metro Northwest upgrade available for use in areas like Schofield’s and Rouse Hill.
Another outer-suburb that will also benefit from improvements to their existing rail line is Macquarie Park, which sees the Epping-Chatswood line upgraded as part of the Sydney Metro project.
Later in the year, the second part of the Sydney Metro redesign is set to focus on the City and Southwest which will first refresh the Bankstown line.
This comes in conjunction with the new Harbour and CBD tunnel and a range of other stations as well.
The top 20 developments are dominated by significant rail station and rail junctions upgrades.
Suburbs including Liverpool, Epping, Lidcombe, and Penrith are all scheduled for public transport upgrades.
Wentworth Point, in particular, which comes in at #4 on the list will see a popularity boost when it receives a more in-depth public transport infrastructure.
The dwellings listed feature in the Urban.com.au project database for any status listed as Planning Assessment, Approved, Registration & Sales or Under Construction.
You can view a more in-depth summary of each region’s development pipeline by selecting the individual names.
Guest author: Chris Tomlinson works in operations at Urban.com.au, Australia’s largest development database.