Cabramatta, WetherillPark and Moorebank have proved to be sound options for owner-occupiers and investors who are looking to buy in the South-West, according to the latest insights gathered by real-estate agent comparison service OpenAgent.
Houses in those three areas have all had an annual increase in median price over five years of about 9 per cent and over 10 years of about 8.5 per cent.
Units at Cabramatta, Wetherill Park and Moorebank have also performed well but there are more units on offer at Cabramatta.
Although prices have eased over the last year, activity is starting to pick up.
Sales volumes have been going down and median prices saw dips in the first half of the year but numbers are starting to rise.
The South-West regional centres of Liverpool and Campbelltown show strong long-term growth as well, with houses showing annual change in median price over five years of almost 10 per cent and over 10 years of about 9 per cent.
Median vendor discounts for houses and units at Liverpool and Campbelltown have been high over the past year, meaning that properties have been selling for less than their advertised prices.
Regional centres will make great options if you're looking for easy access to jobs, motorways, public transport, schools, infrastructure and other facilities.
Developing suburbs surrounding the trending BadgerysCreek area, such as Leppington, Bardia and OranPark, have had major fluctuations in median price over the years but are already seeing major developments and population growth.
In OpenAgent's Consumer Sentiment Index survey of 3000-plus people last quarter, we found over 40 per cent of home-sellers are expecting prices to increase in the west by year's end.
Cabramatta, Wetherill Park and Moorebank, having had strong returns historically, and the regional centres Liverpool and Campbelltown would seem to be safe options.
Newer suburbs around Badgerys Creek have been less stable but would be great investment options if you're looking for a developing area.
09/08/19: Two figures corrected