Home' API Magazine : December 2014 Contents DECEMBER 2014 n APIMAGAZINE.COM.AU n 83
will remain a key conservation and
Areas zoned for high density are
north of Balmoral Road and south of
Memorial Avenue, while areas zoned for
medium density are south of Balmoral
Road, down to Edgewater Drive.
Kellyville – A vibrant, active centre
focused around the new station,
providing greater choice for people with
different housing needs.
The precinct has capacity for up to
4400 new homes and 800 jobs, with
the majority of new development
proposed to be concentrated close to the
Areas mainly to the right of Old
Windsor Road, around Gainsford Drive,
have been zoned medium density, while
areas between Memorial Avenue and
Hartigan Avenue are low density.
Showground – A vibrant mixed-use
precinct with shops, cafés, restaurants
and new office buildings, centred
around the new station. The precinct has
capacity for up to 3600 new homes and
7700 jobs across 271 hectares.
A green corridor will be maintained
around Cattai Creek, and Castle
Hill Showground will be updated as
an essential recreational space for
Most areas south of Kathleen Avenue
have been zoned high density. Streets
include Fishburn Crescent, Dawes
Avenue, Middleton Avenue and also
nWHAT DOES IT MEAN?
The new zonings basically allow for
more people to live in Sydney’s west.
As investors know, property investing
is all about supply and demand and,
importantly, Goward says studies
indicate more than 100,000 more people
will live in the Hills area by 2031.
“It’s vital that the NSW Government
and councils are planning for this
growth, so that there are a variety of
different housing options and jobs
for the children and grandchildren of
the families who already call Sydney’s
northwest home,” she says.
“These precincts will receive up
to $15 million in NSW Government
funding for local infrastructure, as well
as millions of dollars of private sector
investment, which will benefit both
existing residents and those who will
make the neighbourhoods home in
CASTLE HILL FACT SHEET
Castle Hill has a low supply to demand
situation. There are few rental properties
available to tenants and there is an
undersupply of for-sale listings. Discounting
has been muted. Incomes in Castle Hill
are growing slightly slower than the NSW
average. The proportion of renters to
owner-occupiers is above average for NSW.
Rental vacancy rates are a moderate 3.2 per
cent. Stock for sale levels are down by
2.4 per cent year on year.
Source: SQM Research, www.sqmresearch.com.au (accurate to August, 2014)
f New rail line.
f Increasing population.
f Infrastructure improvements.
WALK SCORE6: 58
Castle Hill has a Walk Score of 58. It’s
the 282nd most walkable neighbourhood
in Sydney. Some errands can be
accomplished on foot.
n Mortgage holders
n Separate house (6915)
row or terrace house,
townhouse etc (1116)
n Flat, unit or
n Other dwelling (0)
10-YEAR AVERAGE ANNUAL GROWTH5
West Pennant Hills
The local community will be in the
driver’s seat in deciding which local
infrastructure projects are delivered,
with up to $5 million of government
infrastructure funding made available
for each precinct.
And it’s this infrastructure that could
help property prices, according to
Herron Todd White.
Its September 2014 Month in Review
report says transport infrastructure is
becoming an increasingly important
fundamental, as the population
continues to grow.
“For homebuyers, understanding this
fundamental issue is vital in making
a decision on where to make a safe
purchase,” it says.
“Areas where some of the
fundamentals have been improved
or enhanced include suburbs along
the North West Rail Link such as
Cherrybrook, Castle Hill and Bella
Vista. These suburbs have been waiting
for a rail link for over a decade and
since the announcement, values have
The report says that Sydney’s second
airport at Badgerys Creek will also help
values in the Hills area.
“This will be surrounded by the
southwest growth centre, providing
new employment opportunities,
arterial roads and new residential
suburbs. These fundamental services
will complement the new residential
subdivisions and ensure investment
stability in the future.”
nHOW YOU CAN BENEFIT
Former mayor Dr Michelle Byrne says
the rezoning changes have long been
needed in the area.
“The rezoning of these three precincts
will pave the way for the investment
the northwest has been crying out for,
delivering modern facilities for the
benefit of the entire community and
allowing young families to live and
work in the area they’ve grown up in,”
The real opportunity, of course, is
looking at what the changes mean from
an investment perspective.
Aaron Godfrey of Gilmour Property
Agents says both investors and
homebuyers are already speculating and
buying in the area.
“The (soon-to-be-built) train station
has been what put this area on the map,”
New South Wales n THE STATES
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