Buying Off-Market Is a Great Way to Find a Hidden Gem Property
A property that’s not advertised publicly for sale is considered off-market. These properties can be grouped into two categories:
Where to Find ‘Hidden Gems’ In Sydney
Do you want to beat other buyers in the frenzied Sydney property market and find the home of your dreams?
Change your location. Avoid the hassle, and save time and money by shifting your search to an area of lesser activity.
If you choose to settle in an up-and-coming location such as Petersham, Bexley, or Padstow Heights, your home will improve in value faster than if you buy in an established neighbourhood.
There are three rules you need to keep in mind when searching for hidden property gems in Sydney:
Avoid Popular Areas
The prestige of a location will likely see buyers fork out more for a standard house.
Data collected by Westpac shows the most popular Sydney suburbs where hidden gems are cheaper to buy than in the more popular neighbouring suburbs.
Suppose you want to buy a house in Baulkham Hills, the third most popular suburb in Sydney. You should consider travelling 8kms further to Seven Hills, where the community offers similar amenities, yet the average home price is 34.1% cheaper.
Identify Your Ideal Neighbourhood
Every suburb or neighbourhood will offer similar amenities, lifestyle and properties.
Have a checklist of the relevant factors that would make you put down roots and raise a family in a particular area. The main features to consider include:
Check Next Door
You don’t have to choose between a neighbourhood close to the city and one on its outskirts. Two communities can be located side by side and still have a huge difference in house prices.
© 2021 Whome Group. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty, or representation about it. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
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