Australian Property Monitors recently named Quakers Hill as one of the "best suburban prospects for capital growth in the Sydney area". Laing+Simmons Quakers Hill principal Lyndell Pilkington comments on why the area is being seen as a favourable investment market.

"The Sydney real estate market is currently correcting itself after the boom that followed the downturn in 2008 and this is being seen in a stalling of strong house price growth across most areas of Sydney," Ms Pilkington said.

"While buyer and seller expectations remain at odds, suburbs with properties in the low to median price range, such as Quakers Hill and others in Sydney's outer western corridor, present good long term investment opportunities thanks to established community facilities and public transport networks.

"The performance of these areas also dispels recent rumours that default rates are climbing amongst first homebuyers, evidence of which has not been seen in the local market," she added.

Laing+Simmons Quakers Hill opened its doors just 10 weeks ago and has already acquired 11 per cent of the market share.

Sales executive Kent Pilkington said the very strong growth of the Quakers Hill market place over the last 12 months can be attributed to a number of reasons.

"The improved infrastructure that has come with the upgrading of the Quakers Hill and Schofields train stations and the associated development of a large free carpark at Quakers Hill Station has certainly added value to the area for commuters, who also enjoy close proximity to the M7 and M2," Mr Pilkington said.

In addition to the established transport networks, Mr Pilkington said that Quakers Hill has benefitted from being only five minutes away from Norwest Business Park, and the popularity of the development of The Ponds. The new suburb has placed a spotlight on neighbouring suburbs like Quakers Hill, which also offers a range of properties and larger blocks at affordable price points.

The following recent sales highlight the affordable options available:

- 2/12 Rutledge Avenue, Quakers Hill - 3 bedroom duplex just a short walk to schools, sold for $398,000. Rental potential $420 per week.

- 13 Fallon Place, Quakers Hill - 3 bedroom house with a double garage, sold for $467,500.

Current listings include: - 7 Nagle Way, Quakers Hill - 3 bedroom house, $459,950. Rental potential $460-$470 per week.

- 67b Barnier Drive, Quakers Hill - 4 bedroom duplex, $439,950. Rental potential $450 per week.

As illustrated above, Mr Pilkington said rental demand in Quakers Hill continues to be very strong with rental properties being on the market on average just one week.

"The extremely tight rental market has even seen tenants with exceptional records forced to wait for suitable properties to enter the market.

"Rental prices are continuing to rise and the area is offering excellent investment opportunities with solid capital growth and high rental returns," he said.

"We are seeing a lot of working families in particular who are moving into the area to take advantage of the great schooling and travel options. All these factors combine to make Quakers Hill a fantastic lifestyle choice for any young family," he said.

For further information please contact: Lyndell Pilkington Jocasta Bronwasser Principal Account Manager Laing+Simmons Wise McBaron Communication (02) 9626 1555 (02) 9279