South-West Sydney suburbs dominate the most popular areas in Australia for families with children, according to an exclusive report compiled by Australia’s leading mortgage broker, Aussie Home Loans and CoreLogic.
The Aussie/CoreLogic Most Popular Suburbs for Families report found that suburbs located in Sydney’s South-West comprise 11 of the 20 most popular suburbs across Australia, based on the highest proportion of family households with children.
Being about 35km from Sydney’s CBD, West Hoxton and Horningsea Park took out the top two placings in Australia, highlighting the challenging price barrier and higher densities now in place closer to the Sydney GPO.
The study took into account census data, median house and unit values, average land area and sales over the 2017 calendar year.
Chief Executive of Aussie, Mr James Symond, said “Despite housing prices being the highest of any capital city, Sydney’s outer suburbs dominate the list being most popular for families with kids, while suburbs closer to the CBD have far fewer.
“West Hoxton has the country’s highest concentration of families with kids at 79.3 per cent of residential properties, with its key feature being one of the most affordable detached housing options for families in Sydney.
“That is why the NSW Government is investing in building infrastructure, especially in public transport, and moving to create Parramatta as Sydney’s second CBD to allow easier access to workplaces for those in the south-west and west,” he added.
All but two of Sydney’s most popular suburbs for families with children are located more than 30km from the CBD. Entry level prices across the top 20 suburbs range from $653,000 in Hassall Grove to $1,192,000 in Beaumont Hills.
Suburbs within 10km of Sydney’s CBD show a substantially lower proportion of families with children, with the highest incidence in North Balgowlah (68.9 per cent). Entry level prices for houses close to the CBD start at $1.4 million in Earlwood (54 per cent) and up to $3.5 million in Longueville (59.7 per cent).
Tim Lawless of CoreLogic said “There is no doubt the distance from the GPO is a key factor in the position of families in Sydney, as price can be a major barrier closer to the city, however there are pockets of the Sydney region which have space, good access to public transport and schools, that are still attractive.
“The quarter acre block is still in Australians’ psyche and families are prepared to make sacrifices in terms of travel times to and from work to enjoy the space that many Sydney suburbs still provide, while younger single people and couples are opting for higher density living closer to the city,” he concluded.
Download the FREE report at www.aussie.com.au/popularfamilysuburbs