McGrath real estate founder names Camden one of Sydney's top suburbs

Camden is one of NSW's fastest growing regions with thousands of people flocking to the region each year.

And McGrath Real Estate Group founder, John McGrath, has named Camden one of his top Sydney suburbs for 2021.

Mr McGrath made the announcement as a part of the the annual McGrath report.

He praised Camden's rich history, semi-rural feel and connectivity to major projects.

"[Camden] fits beautifully into the treechange category as empty nesters and young families alike reprioritise their needs and discover this rural lifestyle with easy access to Sydney's fastest growth corridors," Mr McGrath said.

"There are large parcels of residential land and grand contemporary family homes being built alongside modest cottages yet to be turned over.

"It's a 25-minute drive to the new Western Sydney International Airport (due to open in 2026) and the Aerotropolis business park, which will bring 200,000 jobs to the region."

Mr McGrath said the real estate market in Australia had continued to go from strength to strength despite the ongoing COVID-19 pandemic.

However, the McGrath report found that people were choosing to move to the suburbs as opposed to apartment living.

"One of the greatest impacts of COVID-19 is the decentralisation of inner city tenants and apartment owners in Sydney, Melbourne and Brisbane, creating high vacancy rates and lower rents in the inner city apartment market over the past 12 to 18 months," the report stated

"Urban apartment dwellers are moving to middle or outer ring areas where they can buy or rent relatively cheaply."

Two of Macarthur's growing areas also ranked highly in Sydney's top 50 suburbs for house price growth for the year to May 31, 2021.

The top growth areas included Bardia up 62.5 per cent to $703,900, Catherine Field up 53.2 per cent to $678,000, Sylvania Waters up 64.8 per cent to a median of $2,720,000 and Glenorie, which is up 48.3 per cent to $1,930,000.

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