All About Silverwater, Parramatta, NSW, 2128

Silverwater, located within the Parramatta area in New South Wales, has experienced significant shifts in its housing market in recent years, mirroring broader trends across the Sydney metropolitan area. Known for its industrial roots, Silverwater is gradually becoming more residential, attracting both investors and homebuyers seeking proximity to Sydney's central business district without the premium prices of inner-city homes. The housing landscape in Silverwater is diverse, comprising apartments, townhouses, and an increasing number of modern developments that cater to young professionals and families. The demand has been driven by its strategic location, with easy access to major motorways and public transport, facilitating commuting to various parts of Sydney. However, like much of the Sydney area, affordability remains a concern as property prices have risen, although not as drastically as in some other suburbs closer to the city center.

Living in Silverwater offers a blend of urban convenience and suburban lifestyle, making it an appealing area for many residents. It provides a range of local amenities, including shopping centers, parks, and recreational facilities, contributing to a balanced living experience. The suburb’s proximity to the Parramatta River adds a scenic element, enhancing its appeal for those who enjoy outdoor activities. Residents benefit from a community atmosphere with burgeoning dining options and local events that foster a sense of belonging. The ongoing development and gentrification in Silverwater are reshaping its identity, making it an increasingly desirable place for those looking to settle in an area that combines industrial charm with modern living conveniences. Despite its growth, Silverwater still retains a distinct character compared to its more commercialized neighbors, offering a quieter alternative while still being connected to the vibrancy of Sydney.

Silverwater Real Estate Market Outlook

Thinking about buying in Silverwater? Now could not be a better time, with 2593 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,887,000 with prices in this suburb ranging from $180,000 to $15,935,000. The aproximate distance to the coast is 14 Km.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Silverwater due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The high percentage of professional people in Silverwater classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Silverwater requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

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General Points of Interest

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