Sydney’s last bastion for affordable housing is right in our backyard.
Willmot recently saw a record sale for a three-bedroom home when a house on Pelsart Avenue was snapped up by investors.
But unlike new records set in suburbs including Mount Druitt and Rooty Hill, the going price didn’t come close to the million-dollar mark.
The house sitting on a 645 square metre block went for $542,000, well above the suburb’s median house price for a three-bedroom home of $461,000.
Nidus Group agent Paige Oliver said the draw of lower prices hasn’t been lost on buyers, with 14 groups of people viewing the property before it was sold.
“It’s one of the only suburbs left in Sydney that is affordable,” she said.
The median price for a three-bedroom home in nearby suburbs Lethbridge Park, Tregear, Emerton and Blackett all sit below the $500,000 mark.
Ropes Crossing’s price is the one exception, with a home in the relatively new suburb likely to fetch about $615,000.
Compared to Parramatta’s median mark for a home of the same size – more than $1.1 million – it’s clear to see why buyers are looking for a bargain further west.
“There is definitely growth in that Mount Druitt region,” Ms Oliver said.
A lot of properties sit on big blocks and have the potential for development.
“But we’re seeing a lot more first-home buyers choosing to buy out here.”