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Anstee explains. “I have international
buyers who won’t look at anything that’s
over an hour and a half from Sydney.”
A second airport would change that,
and potentially make Bowral the next big
thing, Anstee says. He expects property
prices there to increase by five to eight
per cent over the next 12 months and
also encourage “mum and dad residential
“That’s because of the ease of transport
and ongoing employment,” he says.
“It will also open up the luxury rural
properties, by having that close proximity
to the airport. Another advantage is
those commuters who are working in
remote areas as fly-in, fly-out workers,
the Southern Highlands will now be a
destination where their family can have a
lifestyle and there’s quick transport in and
out of the area.”
However, the Department of
Infrastructure and Regional Development
warns land values are unlikely to change
in the short to medium-term.
“As the Badgerys Creek site was already
designated as an airport site two decades
ago, much of the impact associated with
land values is likely to have already been
felt,” the department says.
And Randall doubts tourism towns,
including Bowral and Mittagong, will
benefit from Badgerys Creek.
“If it’s going to be an advantage, well,
what sort of transport systems will they
put in? Is it still a drive to the airport to
find parking and all that?” he asks.
“Most people in Sydney are used to living
with one airport and access to that airport
is reasonable outside peak-hour traffic.”
¿ CAPITAL GROWTH TURBULENCE?
Unlike Sydney airport, which has a curfew,
the second airport would probably have
a 24-hour operation. Think plane noise,
and lots of it, constantly. The consequence
could be capital growth turbulence.
Perhaps investors could be driven
away and turned off the area, bringing
down property prices. At a recent press
conference, Prime Minister Tony Abbott
talked down any impact noise might have
on surrounding suburbs.
“We’re certainly not saying there will be
a curfew. We’re certainly not saying that,”
he told the media.
Getting ready for take-off
Former semi-professional tennis player
Simon Samardzic has always been a big
dreamer and go-getter. He not only quit
school in Year 10, he also left his family
behind, after being offered a contract to
play for a tennis club in Germany. It was a
huge call at the time, as Simon was just a
teenager, but a decision that helped him
build incredible discipline and focus.
“At a young age I learned how to
budget and learned the value of money,”
“I was very goal-minded because in tennis,
you have to train for a goal.”
Unfortunately, injuries ended Simon’s
tennis career early but these days, he’s
acing it in the property investment game.
Now working as a real estate agent, Simon
recently purchased a block of land at Oran
Park. Blocks of land were initially selling
in the low $200,000s and when Simon
started looking, blocks had already jumped
up to about $280,000. With prices rapidly
rising, Simon’s 525-square-metre block cost
$307,000 by the time he purchased. He
says blocks of land in Oran Park would now
be around $315,000 and land there seems
to be “going through the roof”. Simon plans
to spend another $300,000 building an
investment property or perhaps a future
principal place of residence there and is
thrilled he got into the market when he did.
“At first I was looking to buy a unit in
Liverpool but the block of land is closer to
Badgerys Creek,” Simon says.
“Unit prices haven’t gone up much but it’s
a good opportunity because you can buy
something for $300,000 that will rent for
$350 a week.
“However, Oran Park is one of the biggest
towns coming onto the southwest area and
when the airport goes through, there will
eventually be a train line linking to St Marys
Both the airport and extended rail link will
inevitably attract more people to Sydney’s
western suburbs, including Oran Park, Simon
believes. He’s excited about the second
airport and is confident it will only help
property prices in the area.
Not everyone agrees, he says, but it all
depends on where you live and what suburb
you’re in – some areas might experience
aircraft noise but provided you’re close but
not too close, investing early could prove to
be a match winner later.
Simon has a five per cent holding on his
block. He’ll pay the outstanding balance
Names: Simon Samardzic
and Maria Pesut.
Live: Denham Court.
Invest: Oran Park.
Strategy: Buy and hold.
Property: 1 block of land.
“We’re saying we want this to be a jobs
generator. We want this to be efficient
economic infrastructure that maximises
benefits to Australia. All credit to the New
South Wales Government and its planning,
it has basically created an industrial and
commercial zone around the site.
“Let’s not forget that this has been the
potential airport site since the Hawke
Government’s decision of 1986 and the
subsequent purchases of about 1800
hectares of land, so there’s quite a
significant buffer zone.”
Most air traffic would either approach
or depart over the Western Sydney
employment area to the north of the
Commonwealth land at Badgerys
Creek, according to the Department of
Infrastructure and Transport.
This implies suburbs most likely to be
impacted by noise would be Erskine Park,
Kemps Creek and Mount Vernon, and to a
lesser extent, St Marys and Penrith.
“However, the impacts at Badgerys
Creek would be minimised as the existing
planning restrictions, and the likely flight
paths, which would operate over the
8500-hectare western Sydney employment
when the block becomes registered later
Although that means there won’t be
rent coming in for a while, Simon and his
girlfriend Maria are living with their parents,
so holding costs aren’t much of a problem.
It’s still very early days, of course, but he
hopes the property will be worth around
$650,000 to $680,000 once a single-
storey house is built.
Down the track, he’d also like to buy
something in Narellan, as this will also be
on the extended rail line and shouldn’t be
impacted too much by aircraft noise.
“Areas like Kellyville and The Ponds have
grown so much because of the Norwest
business park, a lot of people have taken
their businesses there because it’s cheaper
than in the city. If you have a similar concept
this way, there will be new commercial
zoning through Bringelly to Badgerys Creek
and so it’s just supply and demand.”
THE STATES // NSW
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