Merrylands market to outshine neighbouring suburbs in 2020
Trieu Nguyen with wife Pheobi Lam and daughters Elle (5) and Bella (4) pose outside their Merrylands home. (AAP IMAGE / Robert Pozo)
The western Sydney suburb of Merrylands has been earmarked by property pundits as one western Sydney suburb to watch out for in 2020.
The suburb, according to Starr Partners CEO Douglas Driscoll, will soon become more or as popular as nearby Parramatta.
He said current Merrylands property prices are some of Sydney’s most affordable, with local council spend on amenities set to increase property demand and value in the near future.
“It will only be a matter of time before Merrylands emerges from the shadow of its neighbour Parramatta,” he said.
“The more the Cumberland Council spends on the town centre the better it will become.”
Daniel Starr from Starr Partners Merrylands.
Starr Partners Merrylands agent Daniel Starr said Merrylands has a generous amount of options for the first-home buyers to still get into the market and is a cheaper and more affordable option than its neighbouring suburbs such as Parramatta and Westmead.
“Being so close to Parramatta while offering a larger than average block size will encourage those families looking to stay close to the CBD while also enjoying a more suburban environment,” he said.
The young family are selling. (AAP IMAGE / Robert Pozo)
Trieu Nguyen held off listing his Merrylands three-bedroom home until the 2019 Christmas period in order to get the best price possible for his home in January or February.
He has been living in the suburb for the last decade and believes it is one of the leading growth areas in western Sydney.
“We had the listing up for a day and around 300 people had viewed the property online,” he said.
“First-home buyers will find it tough to get into the area with the current demand and median price but could probably afford a unit.
“It takes about 35 minutes to get to the CBD so I think the area is great for public transport and has really good potential.”
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