The Rocks, Haymarket lead top performing Sydney areas: Raine & Horne
The Sydney CBD, Haymarket and The Rocks top Raine & Horne's latest Commercial Insights report with outer suburbs Blacktown, Menai and Condell Park noting a mention for development spend in the year ending March.
Raine & Horne executive chairman Angus Raine said a big factor driving some commercial property markets is infrastructure investment, with billions of dollars committed to developments such as Barangaroo in the Sydney CBD, while the prospect of a light rail service for busy Cleveland Street is another major plus.
"In greater Sydney, the Badgerys Creek airport project is translating into increased commercial interest from St Marys down to Camden, while the North West Rail Link and the North Connex," he said.
"West Connex road projects are also spurring commercial activity."