New South Wales, as Australia’s most populace state, has many micro property markets. To look beyond the largest city of Sydney, you have the large population centers of Wollongong, and Newcastle. The second of which, the Newcastle area including and extending up towards the Hunter Valley, has been widely nominated as a high growth area in the short to mid term, due to the mining investment in coal related industries.
Whilst in the current economic climate it may be argued that the premium East and Northern areas of Sydney may be stagnant, there is much activity in the much forlorn Western Sydney Suburbs. In particular, the North Western Rail link proposed by the current O’Farrell government, as well as the 11000 dwelling land release in the Leppington area in Sydney's south west. A recent BIS Shrapnel report has even claimed that Sydney is in line for 19% capital gains in total over the next 3 years to 2014.
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