Land values in the Sydney West region
Comprising of Blacktown, Blue Mountains, Camden, Campbelltown, Fairfield, Hawkesbury, Liverpool, Penrith and The Hills Shire local government areas.
General overview
The total land value for the Sydney West region increased moderately over the 12 month period to 1 July 2018 by 5.4% from $302.8 billion to $319.1 billion.
Residential land values increased overall by 3.8%. Movement in residential land values was varied across the region. The Blue Mountains local government area had the strongest increase of 16.6%. The Hills Shire (0.7%) and Fairfield (1.5%) local government areas had steady residential land values overall.
Overall, industrial land values had the highest growth with a strong increase of 19.7%. The increases in industrial land values were varied across the South West region. Blacktown local government area had very strong increases in industrial land values of 33.1%, while Camden local government area had a slight increase of 2.1%. Strong increases were related to ongoing infrastructure and service improvements and future development potential through major initiatives like the Western Sydney Infrastructure Plan and Western Sydney Airport.
Commercial land values in the region also experienced a strong increase of 14.8%. Blacktown local government area had the largest growth in commercial land values being a strong increase of 21.3%. Similar to industrial land values, the commercial increases were varied across the region. Increases generally related to continued demand, especially within growth centres and in areas of infrastructure works.
Overall, rural land values in the South West region had moderate increases of 9.4%. Increases in the local government areas were varied with the Blue Mountains experiencing the strongest increase of 21.3%. The Blue Mountains local government area benefited from continued demand and the completion of the Great Western Highway upgrade and improvements to rail infrastructure on the Blue Mountains line which has improved accessibility and reduced commuting times. Rural land values in Campbelltown local government area had steady rural land values overall with a -0.1% change.
Land value trends
| Property zone | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Residential | $241,062,385,729 | $250,249,597,114 | 3.8% |
| Commercial | $9,753,038,219 | $11,196,369,340 | 14.8% |
| Industrial | $15,590,149,611 | $18,665,403,311 | 19.7% |
| Rural | $22,978,134,266 | $25,129,123,263 | 9.4% |
| Other | $13,378,484,556 | $13,835,463,310 | 3.4% |
| Total | $302,762,192,381 | $319,075,956,338 | 5.4% |
Number of properties by zone
Total number of properties: 499,115
Residential land values
Residential overview
Residential land values across the region increased slightly overall by 3.8%.
The Blue Mountains local government area had the strongest increase of 16.6% overall. The strong increases were driven by improved accessibility and relative affordability compared to fringe areas of greater Western Sydney. However the changes in the Blue Mountains local government area's residential land value were not consistent. There were strong increases in townships along the Great Western Highway such as Blaxland, Blackheath and Faulconbridge. Environmental zoned properties in Winmalee and Yellow Rock in the lower Blue Mountains remained steady.
Slight increases in residential land values were more typical in the region. Local government areas with slight increases were Campbelltown (2.7%), Penrith (3.1%), Hawkesbury (3.4%), Liverpool (3.9%) and Camden (4.3%). These slight increases were due to continued demand for affordable properties well located to transport and amenities. Larger sites in the North West Growth Area and Western Sydney Airport precinct had very strong increases due to future development potential.
Blacktown (6.1%) local government area had the only moderate increase overall in residential land values.
Overall, steady residential land values were experienced in The Hills Shire (0.7%) and Fairfield (1.5%) local government areas. Residential land value changes in The Hills Shire local government area were not consistent; for example lifestyle properties at Kenthurst had strong increases on the back of strengthened demand, while mixed zoned sites in Castle Hill and Rouse Hill town centres experienced moderate increases benefiting from new metro train stations under construction in these locations. In Fairfield local government area demand for sites well located to public transport, road infrastructure and amenities remained steady. Low density sites in Bonnyrigg had moderate decreases, however high density lands had strong increases reflecting continuing demand for units.
Median residential land values and sale prices
The above chart shows movement in the property market and land values over a five year period. In areas where there are a low number of sales, median sale prices may not accurately reflect the property market. Land values may not always move directly in line with sale prices due to the influence of other factors, such as building costs.
Local government area land values
| LGA | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Blacktown | $51,348,388,233 | $54,467,665,679 | 6.1% |
| Blue Mountains | $10,325,418,269 | $12,040,271,041 | 16.6% |
| Camden | $17,004,173,040 | $17,735,204,780 | 4.3% |
| Campbelltown | $21,997,943,980 | $22,580,905,830 | 2.7% |
| Fairfield | $29,804,364,830 | $30,263,400,420 | 1.5% |
| Hawkesbury | $7,383,665,350 | $7,637,509,040 | 3.4% |
| Liverpool | $33,018,284,530 | $34,251,066,340 | 3.7% |
| Penrith | $25,543,428,904 | $26,339,991,864 | 3.1% |
| The Hills Shire | $44,636,718,593 | $44,933,582,120 | 0.7% |
Commercial land values
Commercial overview
Commercial land values in the region overall experienced a strong increase of 14.8%.
Blacktown local government area had the largest growth in commercial land values with a strong increase of 21.3%. Other local government areas to experience strong increases in commercial land values were Fairfield (12.9%), The Hills Shire (14.8%), Liverpool (15.1%) and Camden (18.8%). The strong increases generally related to continued demand especially in growth centres and in areas of infrastructure works; for example the Sydney Metro North West rail link progressing closer to completion, the Liverpool Community Strategic Plan to revitalise the city centre and the Austral and Edmondson Park growth areas.
Moderate increases in commercial land values were experienced in Campbelltown (7.7%), Penrith (9.2%), and Hawkesbury (10.0%) local government areas. The moderate increases again generally related to continued demand especially in growth centres and in areas of infrastructure works. The moderate increases overall were the result of varied sub-market movements for example the commercial cores of Campbelltown and Penrith were generally steady, while there were very strong increases in Blaxland, Mill and Watsford Roads Campbelltown.
Slight increases were experienced overall in the Blue Mountains (4.0%) local government area. The exception was commercial properties in Blackheath and Mt Victoria which had strong increases due to improved infrastructure and the completion of the Great Western Highway upgrade.
Local government area land values
| LGA | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Blacktown | $2,068,125,900 | $2,507,591,580 | 21.3% |
| Blue Mountains | $325,192,010 | $338,155,710 | 4.0% |
| Camden | $906,758,800 | $1,077,560,000 | 18.8% |
| Campbelltown | $831,495,340 | $895,554,470 | 7.7% |
| Fairfield | $1,003,987,060 | $1,133,190,950 | 12.9% |
| Hawkesbury | $367,577,250 | $404,248,060 | 10.0% |
| Liverpool | $982,699,500 | $1,131,426,970 | 15.1% |
| Penrith | $738,565,270 | $806,736,570 | 9.2% |
| The Hills Shire | $2,528,637,089 | $2,901,905,030 | 14.8% |
Industrial land values
Industrial overview
Overall, industrial land values in the Sydney West region had the highest growth with a strong increase of 19.7%.
Blacktown local government area had very strong increases in industrial land values of 33.1%. However strong increases in industrial land values were more typical in local government areas - Campbelltown (10.3%), Liverpool (11.4%), Penrith (19.0%), Fairfield (19.1%), Hawkesbury (19.3% ) and The Hills Shire (22.0%). The strong to very strong increases were related to ongoing infrastructure and service improvements and future development potential through major initiatives like the Western Sydney Infrastructure Plan, Western Sydney Airport and the Moorebank Logistics Park. Local initiatives such as widening of Richmond and Schofields Roads and continuing expansion of Marsden Park Business Park also contributed to the strong increases.
Camden local government area had a slight increase of 2.1% overall. While most Camden suburb industrial land values remained steady, a strong increase in Leppington resulted in the overall change. The increases in Leppington were the result of urban renewal around the town centre as well as surrounding infrastructure and road upgrades.
Local government area land values
| LGA | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Blacktown | $4,380,511,690 | $5,832,426,840 | 33.1% |
| Blue Mountains | $93,494,290 | $100,007,210 | 7.0% |
| Camden | $919,450,000 | $938,675,000 | 2.1% |
| Campbelltown | $1,831,209,000 | $2,018,976,800 | 10.3% |
| Fairfield | $2,384,592,610 | $2,839,119,740 | 19.1% |
| Hawkesbury | $331,030,200 | $395,059,200 | 19.3% |
| Liverpool | $2,600,859,930 | $2,895,969,290 | 11.4% |
| Penrith | $2,480,919,891 | $2,952,289,231 | 19.0% |
| The Hills Shire | $568,082,000 | $692,880,000 | 22.0% |
Rural land values
Rural overview
Overall, rural land values in the region had moderate increases of 9.4%. Predominately rural land in the South West region is rural-residential and rural lifestyle holdings.
Strong to very strong increases were experienced in Fairfield (13.0%), Camden (14.4%), Blacktown (14.4%), Liverpool (19.6%) and Blue Mountains (21.3%) local government areas. Strong to very strong increases were related to improved roads and rail infrastructure in this areas of the South West Region, including surrounding the future Western Sydney Airport site. Larger rural sites with potential for future urban redevelopment experienced some of the strongest increases.
Slight increases overall in rural land values occurred in The Hills Shire (2.1%) and Hawkesbury (2.9%) local government areas.
Moderate increases occurred overall in Penrith (7.8%) local government area. However changes in rural land values in Penrith local government area were varied, with some decreases near and north of the M4 motorway at Orchard Hill, Londonderry/Cranebrook and LLandilo. There were strong increases south of the M4 at Luddenham and Kemps Creek due to proximity to the Western Sydney Airport.
Campbelltown (-0.1%) local government area had well balanced supply and demand resulting in steady rural land values overall.
Local government area land values
| LGA | 01 Jul 2017 | 01 Jul 2018 | % change |
|---|---|---|---|
| Blacktown | $1,084,667,060 | $1,240,738,450 | 14.4% |
| Blue Mountains | $195,456,200 | $237,068,670 | 21.3% |
| Camden | $3,193,046,900 | $3,653,311,650 | 14.4% |
| Campbelltown | $147,388,820 | $147,208,720 | -0.1% |
| Fairfield | $1,263,630,630 | $1,428,166,730 | 13.0% |
| Hawkesbury | $7,205,712,532 | $7,417,357,643 | 2.9% |
| Liverpool | $3,608,500,250 | $4,316,779,400 | 19.6% |
| Penrith | $4,840,423,404 | $5,218,418,530 | 7.8% |
| The Hills Shire | $1,439,308,470 | $1,470,073,470 | 2.1% |