Hotspot in Focus: City of Liverpool
Where is Liverpool?
The City of Liverpool is a local government area in Sydney metropolitan, NSW. The area covers quite a large part of land, with the Liverpool CBD located 32 kilometres south-west of Sydney CBD and 12 kilometers south of Parramatta CBD.
LIVERPOOL AT A GLANCE
DISTANCE TO SYDNEY CBD
CITY OF LIVERPOOL
All Saints Catholic College, Marsden Road Public School, Liverpool Boys & Girls High School
Train, Bus, Car (M5, M7)
MEDIAN DWELLING PRICE
Disclaimer: This article is general nature and should not be relied upon. FHBA is not qualified or licensed to recommend locations for your first home. If you do not know where you want to buy your first home you should speak to a licensed professional.
Why the Liverpool region?
Many first home buyers are being attracted to the Liverpool region because it is one of the last remaining affordable regions in Greater Sydney. We take a look at some other reasons why it is considered a first home buyer hotspot for first home buyers:
Transport & Location – Liverpool is the only regional centre on the M7, which significantly reduces travel times to the west and north of Sydney. The M5 links Liverpool City directly to Australia’s largest global gateways of Kingsford Smith Airport and the seaports of Port Botany and Port Kembla. The off peak travel times to the airport is just 20 minutes and central Sydney is only 25-30 minutes away. Liverpool has the benefit of 6 Sydney Trains lines passing through the area, making it easy for residents to travel out of Liverpool and people to travel into Liverpool by public transport, alongside extensive bus services servicing the Liverpool district.
Schools – Liverpool and the surrounding suburbs are home to some very popular schools; these include Liverpool Boys High School, Liverpool Girls High School, All Saints Catholic School and the Amity College. Liverpool also has access to extensive child care centres and preschools.
Future Airport – Liverpool can expect job opportunities at the new Western Sydney Airport (Badgerys Creek) to take off long before the airport opens in 2026. Building the airport is going to cost $5.3 billion and will directly create 11,300 jobs. But that’s just the start of the opportunities. Liverpool businesses can already see the impact the airport will have on the local economy and the potential for growth and the airport itself is expected to create 10,000 + jobs for Australians!
Artist’s impression of the plans for the revitalisation of the Liverpool CBD (Source: NSW Government)
The Liverpool economy
The Liverpool City Council area is one of the largest Local Government Areas in metropolitan Sydney. The City encompasses a total land area of 305 square kilometres and 42 suburbs. It is also home to a rapidly growing multicultural population.
Liverpool’s competitive advantages lie in the following industries allowing for the creation of high quality jobs:
- Health and medical
- Distribution and logistics
- Professional services
- Manufacturing services
Plans to make Liverpool a key regional centre of Sydney is expected to create 10,000 new residential units and an extra 22,000 jobs in the city centre, boosting the local and regional economy.
Changes to the City of Liverpool’s planning rules has seen the Liverpool CBD being “revitalised” with 10,000 new residential units, and the construction of new shops and offices, some of which is already being constructed. This is expected to add a significant amount of housing supply to the local area, which will have a positive impact on affordability in the region.
However, it’s not only Liverpool’s CBD that is experiencing record construction, other suburbs such as Austral are experiencing a boom in the construction of houses, which offers some great opportunities for aspiring first home buyers with families, looking to live close to the Liverpool CBD. The new South West rail link, expansion of the Liverpool Hospital and the proposed Western Sydney Airport at Badgerys Creek have added value to Liverpool property values recently.
According to APM Data, the median house price in Liverpool is currently $800,000 and the median unit price currently stands at $450,000 (as of July 2017).
Whilst this median price for Liverpool can be seen as expensive, Liverpool is home to 42 suburbs which have median prices well below $700,000. Some of these suburbs include:
- Mount Pritchard
Looking to determine if you have saved enough for your first home in on of Liverpool’s suburbs? Click here to use our Eligibility Estimator.
How about a brand new home in the Liverpool region?
How can FHBA help secure your first home in Liverpool?
Buying your first home can be quite tricky. That’s why at FHBA we are with you every step of the way, even as far as helping you move into your first home!
First Home Loan
Your FHBA Coach will explain all the steps, determine your borrowing capacity, offer suitable loan options, compile your loan application paperwork and even assist you with applications for the FHOG and Stamp Duty concessions. Click here to get pre-approved with a no-charge assessment!
FHOG eligible brand new home
We have access to a range of brand new property opportunities for aspiring first home buyers looking to buy in Liverpool CBD and surrounding areas (all with FHOG eligibility + the FHBA 50 Rebate!). Be sure to complete the form at the bottom of this page if you are interested and want to know more about the exciting apartments, townhouses and house & land packages we have access to.
FHBA Buyers Edge assists first home buyers looking to buy an established home – regardless of budget, property type, or property location, we will not rest until you have successfully settled on a property you have chosen & you have comfortably moved into your first home. Find out more about our specialist services, by clicking here
If you are looking for more information or if you have any questions, please complete the form below to speak to an FHBA Coach.