Camilla Hayes has bought a pet-friendly apartment in Liverpool and will soon move in with dog, Homer. Picture: Robert Pozo

Buyers from far and wide are turning to the south west for its affordable prices.

Camilla Hayes, 30, has been one of many chasing value for money in the hopes of breaking into the property market.

Ms Hayes had moved to Sydney from Brisbane and was renting in Vaucluse when she came across Atrium, a new apartment development in Liverpool.

After realising there was “no chance” of buying a home in the eastern suburbs within her budget, she snapped up a one-bedroom unit in the Atkinson St project.

As a home loan lender, she had many customers draw her attention to the area.

An artist impression of Atrium at Liverpool.

 

“I started looking in Liverpool because, as a first homebuyer, I was trying to see what was out there for less than $600,000 — and there wasn’t much,” Ms Hayes said.

“Liverpool represented value so I narrowed it down to Atrium because I liked the location and facilities,” she said, adding she was also drawn to the building’s rooftop garden.

The new home owner paid $449,000 for her apartment earlier this year. On the fourth floor, it will have an open-plan kitchen, living and dining area, modern bathroom and a balcony.

Residents will have access to a relaxed rooftop terrace.

 

Initially hoping to rent it out, Ms Hayes, who works in the city, will move in for the first six months. However, she is open to the idea of staying there permanently if she liked it.

“I have noticed Liverpool City Council is quite active and runs a lot of community events, which I am excited about.”

The first residents could move into the U-shaped, six-storey building as early as next month.

Camilla Hayes is keen to live in a new apartment. Robert Pozo

 

 

Selda Macdonald, Colliers International’s residential director said 70 per cent of the one-, two- and three-bedroom units had sold, to a mix of first home buyers, young families and nurses from Liverpool Hospital.

According to Ms Macdonald, the hospital’s planned upgrades, along with local universities and the new airport at Badgerys Creek, were attracting out-of-area buyers from the north shore, inner west and eastern suburbs.

A rise in stock has seen the median unit price in Liverpool drop about eight per cent to $460,750. CoreLogic data shows this is well below the Sydney median of $712,500.

According to the latest figures, there were 404 apartments sold in the growing suburb in the 12 months to October.

Remaining apartments for sale in the Atrium project are priced from just $420,000.