Jamisontown is an established residential area, located on the Eastern side of the iconic Nepean River & just South of the thriving Penrith City Centre. Conveniently accessed from Mulgoa Road and the M4 Western Motorway, it is perfectly positioned as the gateway between the Sydney Metropolitan Area and the Blue Mountains.
Only 56km from the Sydney CBD, the region is a cosmopolitan mix of units, townhouses and residential homes, set amongst a bristling business hub & the serene surroundings of cafe’s and eateries along the Nepean Riverbank.
Readily identified as the ideal area for investment in Greater Western Sydney, Jamisontown has developed into an incredibly high-demand market over the last 12 months. It boasts an average of 53 people looking for property in the area at any one time; more than three times the NSW average. This is undoubtedly due to its strong median growth – over the past two & a half years the median house price has increased from $340,000 in June 2011 to $425,000 as of December 2013.
This is supported by the growing number of first home buyers & City investors who appreciate the strong sense of community and diverse range of options that is provided for nearby, including primary and secondary schools, as well as local medical, retail, sporting and recreational facilities.
Jamisontown boasts a young demographic, with the two most predominant age brackets ranging from 0-14 year-olds & 25-34 year-olds, with 73% of the 5,243-strong population consisting of couples and families. In general, people in Jamisontown work as tradesman, clerical or administration staff with the vast majority travelling to work by driving a car.
The average monthly mortgage repayment is between $1,800 and $2,400, with 65.7% of occupiers either paying off their loan or owning their home outright. Its price accessibility, along with easy access to schools, parks, shops and transport, makes it the perfect location for first-home buyers and new families.