Oran Park ..Capital growth may be tardy due to oversupply ?

Hello everyone,

Have been looking for a while now at the Oran Park town Master plan and have also drove there few times and checked out the area and the new houses coming along.

Reading the sales brochure, there are estimate of 25000 houses to be built in total. The estate has some good facilities in terms of Schools, High schools, a college, kindergarten, child care and a massive shopping center. All of that looks pretty promising and there are also plan to upgrade the arterial roads and key links to the northern road and Camden Valley way.

However, as there is no train station nearby with the closest being the Leppington station (which is due to be operational mid next year) and the Campbell town station, commute to and from work and transportation as such may be a bit challenging.

So with that many new homes along with new estates being built nearby (eg Gregory hills, Willowdale) have a feeling Capital growth wise Oran Park may not fare as good as other estates like Willowdale and even houses at Edmondson Park which will have a station.

And whatever appreciation may come by over time, the sheer supply of new houses to be released in Oran Park Town and Other nearby estates may negate or offset it.

Would like to know what your thoughts are and reckon the same or have a different take.

Thanks !!
 
Hello everyone,

Have been looking for a while now at the Oran Park town Master plan and have also drove there few times and checked out the area and the new houses coming along.

Reading the sales brochure, there are estimate of 25000 houses to be built in total. The estate has some good facilities in terms of Schools, High schools, a college, kindergarten, child care and a massive shopping center. All of that looks pretty promising and there are also plan to upgrade the arterial roads and key links to the northern road and Camden Valley way.

However, as there is no train station nearby with the closest being the Leppington station (which is due to be operational mid next year) and the Campbell town station, commute to and from work and transportation as such may be a bit challenging.

So with that many new homes along with new estates being built nearby (eg Gregory hills, Willowdale) have a feeling Capital growth wise Oran Park may not fare as good as other estates like Willowdale and even houses at Edmondson Park which will have a station.

And whatever appreciation may come by over time, the sheer supply of new houses to be released in Oran Park Town and Other nearby estates may negate or offset it.

Would like to know what your thoughts are and reckon the same or have a different take.

Thanks !!

I think timing might work against you here Aviena - its moved a fair bit this cycle. I know i've watched properties increase ~100k in 2ish years.

I actually wouldn't be surprised if it came back a little before moving again in the next cycle.

Check out the info on the 'south west growth centre' - has lots about the govt's plans for the region.

Cheers,
Redom
 
There is a lot of infrastructure and development going into the area but you point out yourself that 25000 houses are to go into the area. Price is a combination of supply and demand. If supply matches or outstrips demand then prices will be depressed a little.
 
Aviena,

The trains from leppington has commenced service on 08/02/2015.

The supply are def high however still noticing the prices creeping up due to developers not releasing all the stock at once.
 
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