Sydney is one of the most desirable cities to live in Australia, owing to its world-class infrastructure. With leading educational institutions, shopping centres, iconic landmarks and exquisite lifestyle, Sydney is also the most expensive city in Australia.

If you want to get around the city, Sydney is well accessible. It has a well-connected network of roadways and rail lines, making it easier for you to get around the Sydney CBD and its suburbs quickly. There is an array of public transport facilities like buses, ferries, and trains, or even taxi and uber services.

Are New Developments a Good Investment in Sydney?

Recently there has been a lot of speculation regarding the real estate value in Sydney, especially after the city recovers from Covid-19. Since the beginning of 2021, many capital cities have seen a significant upswing in residential property prices. According to some industry experts, this growth is likely to last for the next few years while others predict that prices would fall after this initial spike.

How Much Do New Developments Cost in Sydney?

According to realestate.com.au, the house values climbed by 1.6 per cent or just over $20,000 to a median value of $1,333,767, while apartments increased 1.2 per cent to $837,262. An average house in Sydney is now selling for $1,333,767 and apartment units for $837,262.

Other Cost Factors

Apart from the market trend, there are several cost factors to consider if you are looking forward at buying an off the plan property in Sydney.

  1. Buying an off the plan properties usually requires a 10% down payment for the property’s value. You usually pay the balance of the purchase cost only at settlement. Depending upon the size and specifications of the property, it may take one to two years to finish. This gives you more time to save to reduce the amount you need to borrow. You can use our Borrowing Power Calculator to check.
  2. When buying new properties, such as apartments, townhouses and house and land packages, off the plan you can often defer stamp duty payments for 12 months. If you are a first home buyer, you may also be eligible for the First Home Owner’s Grant.

Off the Plan Developments in Sydney

1. Emerald Epping

Emerald Epping is a new development under construction in Epping, NSW. A safe and family-friendly suburb of Sydney. This boutique-style, ultra-modern and luxurious apartment will have 38 units, with 1, 2, and 3 bedroom configurations and airy loft-style penthouses.

One bedroom configurations start from $665,000. Each unit comes with private balconies and outdoor spaces to enjoy the views of lush greenery and the serene night sky. The stylish apartments also feature modern hotel-style bathrooms with sleek bathtubs and high-pressure showers. Not to mention, the property is just a 25-minute drive from the Sydney CBD and is also close to many fine dining establishments and parklands. For more information on the property, click here.

Address: Hazlewood Place, Epping NSW, 2121

Developer: Eastwood

Building Type: Residential Apartment

2. Village Green Hornsby

Designed by the award-winning Gelder architects, these boutique-style townhouses are luxurious new developments in Hornsby, NSW. This open plan living design comes with three floors, offering 3 and 4 bedroom configurations. The main features are bamboo flooring, Caesarstone kitchen, and chic bathroom designs with floor to ceiling tiles and ducted air conditioning throughout the home. It also provides secured private parking. 

Village Green is just 30 minutes from the Sydney CBD, making it a haven for residents to relax after a busy day. Moreover, it is well connected to all the bus and train routes - just 2 km from the Hornsby train station and Asquith train station. So, there’s no time to lose as there are only 10 exclusive townhouses. Click here for more information and enquiries.

Address: 281 Peats Ferry Road, Hornsby NSW, 2077

Building Type: Townhouse

3. Raymond Terrace

This full turnkey house and land package, starting from $472,500 in one of the fastest-growing suburbs in NSW, Raymond Terrace, offers a beautiful living in a family-friendly community. Located on Richardson Road, the property is close to many local schools and shopping centres. It proposes high-quality, contemporary homes with four bedrooms, two bathrooms, and a double garage with a motorised panel lift door. The property is also close to Newcastle and Sydney. Click here for more information on its features and contact.

Address: Richardson Road, Raymond Terrace, NSW, 2324

Building Type: House and Land Package

Find more of the latest off the plan properties in Sydney from our listings in Off The Planâ.