Residential housing in suburban Sydney.

The New Year will bring with it the rise of three “exurbs” – well-to-do suburbs in the north west and south west fringes of Sydney with decent price growth populated by those who have a short commute to their place of work.

The mark of these exurbs – Box Hill in the north west of Sydney and Oran Park and Menangle in the south west, according to Starr Partners CEO Doug Driscoll, is they typically have a self-sufficient population with good infrastructure, amenities and reasonable commute times.

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“I think these exurbs exist on the basis that Sydney is getting ever bigger but we have limitations in terms of urban sprawl,” he said.

“If you look to the east we have ocean, we cannot expand directly west because of the flood plains and there is bushland to the north which are all environmental constraints.

Douglas Driscoll, CEO of real estate agency Starr Partners. Pics: Ian Svegovic

“But there is always a little bit of arrogance from us city cats in assuming people living in these exurbs would be interested in gravitating towards the traditional CBD.

“They are living there as a lifestyle decision as opposed to not being able to afford living in the city … who wants to live in a unit when you can have a backyard?

“The only caveat is younger generations, singletons or young couples, if we are being stereotypical, might want to be close the bright lights and big city of the CBD. “

One of the featured exurbs – Oran Park: istock.

The rise of the exurb is just one prediction the agency boss laid out in his annual list of property market predictions for the year ahead. He outlined another eleven possibilities for 2020.

Come January 1, 2020, he said there will be an immediate rush of first-homebuyers attempting to snag a house as one of the 10,000 eligible to buy a property under Morrison Government’s First Home Loan Deposit Scheme.

2020 will also see Sydney homeowners remortgage and switch lenders due to continued low interest rates, the average days on market time will fall, as will stock levels.