Menangle Park Releases New Land Due To High Buyer Demand

A recent comprehensive realestate.com.au study has showed many of Sydney’s top performing suburbs for house price growth between 2000 and 2020 were located in southwest Sydney.

In fact, some areas in Sydney’s south-west median house price skyrocketed over the last 20 years to an incredible capital growth of between 350-549%.

Realestate.com.au chief economist Nerida Conisbee said suburbs that had undergone urban renewal or become substantially more desirable because of a shift in buyer preferences had recorded strong price growth.

“People want bigger homes on big blocks and want to live further out, but there’s been a real shift towards wanting to live close to amenities and to be within walking distance of everything” Ms Consibee said.  

Menangle Park Sales Manager, Jesse Johnson, agreed, saying that the demand for house and land at Menangle Park has been very strong from day one, however there had been a huge surge in demand over the last six months supporting price growth of 5%, with Menangle Park just having to release more land early due to shortage of stock.

“Menangle Park is one of the more premium estates in South West Sydney and when completed will offer residents a lot more than other estates, particularly from a land size, onsite amenity, location and employment opportunity perspective” said Mr Johnson.

Enormous amounts of money are also being spent in South West Sydney adding to the lifestyle on offer which has made it more appealing to a broader demographic supporting growth in the area. This includes multi-billion-dollar infrastructure projects such as the new airport at Badgerys Creek airport and Southwest Rail Link extension, which will turn the area into a major employment hub.

To find out more about our new land release or why you get more at Menangle Park, then register online, contact our friendly customer service team at sales@menanglepark.com.au or drop by the new onsite sales and information centre located at the intersection of Menangle and Cummins Roads, opposite Club Menangle.