TURNING the key to unlock the property market is not as hard as you think.
Recent figures from real estate statistics firm RP Data named Tregear, Blackett and Bidwill as some of the most affordable suburbs in Sydney, based on average house prices.
Elders Rooty Hill director Michael Okaro says he has a "treasure trove" of properties for sale in these areas and surrounding suburbs.
"At the moment, these are pockets that are still affordable," Mr Okaro said.
"You can get a three-bedroom brick-veneer home for around $280,000 in Tregear. These areas were housing estates in the past but are becoming more privatised."
Interest rates are tipped to drop again before Christmas.
"Business is booming this year, which we hadn't experienced for a few years," Mr Okaro said.
"Lower interest rates mean people are able to afford a house."
Real Estate One licensee-in-charge Vinay Singh said he had seen a huge demand in the two months since the most recent interest rate cut.
"The average house is on the market for four to six weeks but at the right price, it can sell in two to three weeks," he said.
"There's been a lot of interest waiting for interest rates to drop. A North St Marys home up for auction recently attracted 40 offers and went for $289,000."
While Rooty Hill and Plumpton attract average house prices of $350,000 to $400,000, Mr Singh said buyers could get something for $100,000 less anywhere west of Hebersham.
Both agents admit negative stigma remains attached to affordable suburbs.
"The affordable market is flooded with investors, whereas first-time homebuyers look at new estates where they can build a home and get a homebuyer's grant," Mr Okaro said.
"With affordable areas going into private hands, they're more likely to look after their investment and make it more presentable. Mount Druitt is regaining its reputation as it has everything that young families need."