Western Sydney suburb Auburn offers affordable properties, strong rental yields and good capital growth. Find out more here
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Auburn is located 16km west of the Sydney CBD. It offers easy access to the city via road and rail, with the M4 and Paramatta Road both situated within easy reach, and direct trains from Auburn and Berala rail stations.
The suburb’s extremely well served for amenities: there’s a shopping centre near Auburb rail station and a number of discount factory outlet stores in the suburb. It also features several schools and two hospitals, as well as being the home of the largest mosque in Australia, the Auburn Gallipoli Mosque and the Tooheys brewery.
Dean Olsen, principal of Starr Partners Auburn, comments that capital growth has already been strong.
“The last 18 months have been very strong, but that is expected to ease in the coming months,” he comments. “There will still be gains, just not as strong as in the last two years.
“At the moment – and this is expected to continue – the auction clearance rate in Auburn is over 90%,” adds Olsen. “The rates are so strong because there is no overabundance in stock in the suburb and ample supply of buyers. Auburn’s location in Sydney means that the price range is affordable – any further east than Auburn and it’s another board game with property prices.”
That affordability is likely to see buyer interest continue: the median unit price in eastern neighbour Lidcombe is more than $50,000 higher than Auburn’s. Rental yields are extremely strong at over 6%, with a very tight vacancy rate of 1.5%. Auburn looks like a well-positioned, affordable location with strong potential for long-term capital growth.
