The Forest Identified As One Of Sydney’s Top Areas

Frenchs Forest Real Estate
Sydney’s top suburbs have been announced, with real estate guru and McGrath Estate Agent’s CEO, John McGrath, identifying his top suburb picks for the months ahead. John McGrath selected three suburbs which present buyers with the best opportunities. These top three suburbs were: Forestville, Erskinville and St Ives. John described Forestville as “one of the few forgotten suburbs wedged between the popular surfside beaches in the north and the leafy north shore. It lacks nothing except awareness as it ticks all the boxes for great lifestyle and capital growth.”

Whilst John McGrath has singled out Forestville, I also believe there are neighbouring suburbs in the Forest/Northern Beaches which provide an equal level of appeal and opportunity for buyers. Frenchs Forest, Belrose, Killarney Heights, Davidson, Beacon Hill and Allambie Heights are hot spots for families and offer a great lifestyle, fantastic selection of schools and good value for money homes. $1 million will get you a nice house on a decent block of land, which would cost $1.5+ should it be located closer to the beach or CBD. I have found buyer enquiry in these suburbs is very high right now and I am selling homes well above their price guides in relatively short periods of time.

Forestville lifestyle pic

The Frenchs Forest Hospital and health precinct development will continue to boost growth in the area. The State Government report has indicated the hospital will generate 3000 new jobs by 2031. In addition, the state governments proposed health precinct is expected to create approximately 17,000 jobs (this figure may change as it is set to be revised). Such a major increase in employment in the area will continue to keep buyer demand very high and I expect the area will experience continued growth for many years to come.

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Frenchs Forest Lifestyle 2 (2)

About Tim Cullen

Since joining McGrath Estate Agents 15 years ago, Tim Cullen has defined himself as a first class industry leader with an outstanding track record and rapidly growing and loyal client base. He ranked 1st on the Northern Beaches in this year’s Real Estate Business’ Top 100 Agents List and ranked 21st nationwide.

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