November 13, 2014
Wilberforce home loan broker Andrew Heath highlights a surprise growth suburb.
The Hawkesbury area is home to a number of ‘Macquarie towns’ – settlements planned by Governor Lachlan Macquarie in the early 1800s. Wilberforce is one of these townships, named after British statesman William Wilberforce.
Capital growth of 34.5%
Not surprisingly, Wilberforce has oodles of character and a wealth of history. What’s remarkable is the pace at which Wilberforce homes have risen in value in recent years.
Over the last five years for instance, the median Wilberforce home price has risen by 34.5% - one of the highest rates of capital growth across the Hawkesbury Valley region. In the last year alone values have skyrocketed by 26.8% and the median dwelling value in Wilberforce currently stands at $600,000.
High demand for Wilberforce homes
For anyone not convinced about the strength of market appeal of Wilberforce, property listing site Real Estate.com declares the suburb as a ‘high demand’ area where listed properties receive an average of 91 visits from viewers compared to the NSW average of 55 visits per property.
So what’s the appeal of Wilberforce? Well the fact is, the suburb boasts some extremely impressive homes. Many are on acreage, others have heritage value. And of course, as the beautiful Hawkesbury River meanders alongside Wilberforce the entire area is green and lush.
Okay, the price tag of Wilberforce may not suit first home buyers. But if you’re an upgrader or you have a young family, compare what a Wilberforce home loan will buy against the sort of property you’ll get for the same price closer to the city centre. It really is no contest.
Expert help with your Wilberforce home loan
For local expertise securing your Wilberforce home loan, contact Andrew Heath and the team at Mortgage Choice Richmond on 02 4578 9904 or 0411 550 600. Or visit our office conveniently located at 1/37 Lennox Street, Richmond.
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*All property data sourced to RP Data Suburb ScoreCard, Corporate Edition. Data Set May 14 published August 14.