Where to Buy: Marsden Park vs SchofieldsNovember 20, 2020
Marsden Park and Schofields are two of the fastest-growing suburbs in Sydney to-date. Both areas offer prime real estate because of their locations, amenities, proximity to parks, schools and commercial spaces. But which site should you buy your new home? Here’s what you need to consider if you’re deciding where to buy in case you find a house for sale on both Marsden Park and Schofields. Let’s see the tale of the tape, shall we?
Marsden Park (postcode: 2765) is a suburb located 49 kilometres (30 miles) northwest of the Sydney central business district and is part of the Greater Western Sydney region.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. It is mostly attributed to the unique design and construction of the houses in Marsden Park. Investors saw the median home price rise to $715,000. It places 393rd in Australia based on median property value growth during the quarter.
The 2016 Census conducted by the Australian Bureau of Statistics estimates the total population in the area at 1,008 individuals. The suburb includes a caravan park, a golf driving range, a Hamrun Maltese Club and a chicken farm. The neighbourhood is currently being developed with new residential and commercial areas and is also part of the Greater Western Sydney region.
The New South Wales government also has a plan to develop a new community at Marsden Park which will benefit up to 10,300 new homes and the delivery of local amenities close to transport options, including:
- a new town centre and two village centres
- 108 hectares of open space and recreation areas
- upgrades to major roads including Richmond Road
- new primary and high schools
- protection of more than 450 hectares of significant vegetation and major creek corridors
- improved connections to encourage walking and cycling
The new neighbourhood will also help create jobs for the locals. Marsden Park anticipates providing over 3,000 new jobs, including 1,300 in the new town centre.
Schofields is a growing suburb located 45 kilometres (28 mi) west of the Sydney central business district.
Based on its average 5-year and quarterly capital gains, Schofields saw average growth in the long term. Houses in Schofield have relatively unique designs and construction which is similar to Marsden Park. Property investors perceived the median land price at $400,000 and home price rise to $790,000. Schofields ranks 496th on the list of best yielding suburbs for rental properties in NSW, posting a 3.62% return.
According to the 2016 Census, Schofields had an estimated population of 4,983 individuals. The suburbs include Schofields Park, on Station Street. The village also has a Community Hall that can be hired out for parties and is also regularly used by the local Church Group on Sunday mornings. The town also has an NSW Rural Fire Service brigade, known as Schofields Bush Fire Brigade.
The New South Wales government also has a plan to develop a new community Schofields which will benefit from up to 2,950 new homes and the delivery of local amenities close to transport options, including:
- 61 hectares of conservation land, focused along Eastern Creek
- 31 hectares of open space and recreation areas
- retail space in three neighbourhood centres
- a potential public transport corridor linking Schofields station to Rouse Hill
- upgrades to key roads
- improved connections to encourage walking and cycling and the new neighbourhood will also help create new jobs for local people.
It’s decision time!
You have quite the things to think about; especially these two suburbs are very similar and close to each other. The main factors to consider so you could clinch the tie may be the future development plans.
It’s also worth considering that Schofields is slightly more populated than Marsden Park. If you prefer having fewer neighbours around, then the latter would be a better choice. Of course, that may change soon as more and more residents are moving in as you are reading this.
Now you have your dream location set. You wouldn’t want to waste it on a shabby house, correct? For that, we have just the thing.
Suburbs in the West, North-West, and South-West have lots of residential areas that are quickly rising in terms of value. These have more space with easy access to amenities. BuildQ’s top selections include properties found in these new star districts such as The Ponds, Marsden Park, Riverstone, Caddens, and more. The best part is in the feature-rich inclusions we incorporate to our projects which have elements clients can customise to their liking.
It’s only fair to know that the firm you’re buying the package from has a good reputation. BuildQ Group has more than 500 projects successfully finished and has a strong relationship with past clients. Our build history, completed projects and customer reviews will help you with your decision-making process.
At BuildQ, living is not just about having a roof over your head. It’s about how better you can live your life at home.
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