by Marshall Cobb - Principal
An article in todays SMH reports that the Parramatta CBD will grow by 32% over the next five years to eclipse North Sydney. Click for the full story. But that is only one small part of the story - with trains, tunnels, motorways and airports under construction all over Sydney.
When it comes to real estate, the smart money looks for undervalued suburbs where pending infrastructure should boost prices.
A good example is Thornleigh, which sits between the fancy suburbs of Beecroft and Wahroonga. It has all the top schools of the North Shore right on its doorstep, a train station, and is an easy drive to either the City or Parramatta. The 'turbo charger' is that the NorthConnex 10km long tunnel from the M2 to the Newcastle freeway will divert all the heavy traffic and trucks right underneath. Just like the Lane Cove tunnel accelerated pricing in that area, so too will Thornleigh benefit.
And right now, Thornleigh is priced well under its neighbours, but that might change quickly once the tunnel is completed. Have a look at Iris Thornleigh in our project list below, with 1 beds from $559,000 and 2 beds from $678,000. It is under construction and completed early next year.
If you need something to move into immediately, then have a look at The Emerald Strathfield which has some beautiful over-size apartments with never to be built out views of the City and districts.