Kiki Bermudez from Mint360 Property considers suburbs including Clovelly, Kingsford, Maroubra Beach, and Kensington to present good value for money due to the area’s impressive existing and future infrastructure initiatives. Growing real estate opportunities also represent a chance for local businesses to market themselves via Corporate Gifts and other Promotional Products.
Bermudez, who has spent 10 years selling properties around Australia, noted Randwick and its surrounds in Syndey’s east has plenty of smaller sized blocks. Smaller residentially zoned sites have a lower cost of entry and so are usually the focus for property investors seeking to maximise their wealth creation potential. Bermudez said owner-occupiers will also see an increase in their homes’ values as the much-touted new light rail service comes to Randwick and Kingsford in 2019. She remarked:
“The speed of development is pretty hard going. It’s changed a lot from just being industrial to a little hotbed of real estate.”
Other important infrastructure projects in the area include the NSW Government’s $720m Randwick Campus Redevelopment to upgrade facilities of the Prince of Wales Hospital, and upmarket residential construction on the site of historic horse racing stables at Inglis Newmarket.
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