Property

AGENT PREDICTS TOWNHOUSE BOOM

Blacktown an area in demand

TOWNHOUSES are the most popular among first home buyers in Western Sydney, going by the trend observed by leading real estate expert Ms Marites Novis, director at Qfirst Property Investment Group, Blacktown.

For a starting price around $850,000, the primary buyers in Greater Western Sydney are mostly young couples and those looking at investment properties.

“Townhouses are definitely popular. We love to offer townhouses to our

The Dual development.

buyers, especially to first home buyers, because properties in Sydney, as we know, are very expensive.

“These first home buyers have the capacity to pay the deposit for a townhouse. Apart from that, we want to give them something they can start with on their financial portfolio,” says Marites.

Interestingly, while the number of enquiries are more on land and package deals, it is the independent houses that sell quite well.

The next five to ten years would be interesting times for the Western Sydney real estate market, where a boom is predicted.

In Blacktown alone, a consistent and compound growth rate of 12.9% for houses is expected.

With a pumping in of $5B worth of infrastructure in the coming years, the region is certainly an attractive prospect.

The median house price would hover around $200,000 below the market price of prime Sydney property.

Among the top real estate companies, Qfirst is offering several projects in the Western Sydney region.

In the pipeline are ‘The Dual’ project in Blacktown apart from off-the-plan projects that was announced at the recent WEXPO event - see www.wexpo. com.au

In five years’ time, Marites hopes to see Qfirst expand its main offices in several parts of Australia and outside the country too.

“By then, I hope to have helped many investors and first home buyers craft their own stories in their new-found homes,” she said.

On a side note, Ms Marites Novis has been appointed the director of Mrs Universe Australia this year. Excited to be part of the grand show scheduled in October, she feels it to be extension of her present role.

“I connect this to real estate as being in this field means I help people find the perfect homes for them. It is pretty like the pageant’s vision of being the perfect platform for married, divorced or separated women to express who they are. Both are about inclusivity, finding where one belongs and what feels like home,” she signs off.