News Blog - Residential
THE HILLS ARE ALIVE!
At the beginning of last year I completed a post labelled “North by North West” – an insight in to the new North West Rail Link and the effects it could have on the suburbs along the line. In this article I spoke of strong growth that would follow the Rail Link suburbs and how investors would look to seek out projects as leasing would become easier. Although previously low density suburbs, we have seen many medium-to-high density projects in the past year that are popping up in the Hills District. From Northmead to Kellyvillle, and all those in between, the Hills District is certainly experiencing rapid growth in the current market, the hills are alive!
Baulkham Hills is one such suburb experiencing large influxes of new high-density apartment complexes. In the past year alone 3 separate developments have begun construction on the same street. Solent Circuit alone has seen the introduction of The Esplanade, Haven and Watermark, three large developments that aim to transform the area in to a social hub in the centre of Baulkham Hills. With the increased population in this area, there is a greater need for new retail sectors, and as such are being incorporated in these projects.
The Darling Mill in North Rocks is another large development recently placed on the market that is seeing increased demand as a result of the new rail link. Express trains in the area are able to get commuters in to the Sydney CBD in under 30 minutes, an extremely valuable feature of the project. Comprising of four separate buildings, this development is utilising the full potential of large parcels of land that were available throughout the Hills District.
Not only do these developments have adequate land area to be sizeable projects but the quality of the design and vision of such projects are creating quality liveable areas. Apartment sizes are larger than those closer to the city centre whilst the median price remains lower. Thanks can be given once again to the creation of the new rail line, as these developments are proving increasingly popular with a whole range of occupiers and investors taking advantage of the increased amenity to the Sydney CBD.
With the most recent approval of the Winston Hills Mall apartment project finally coming to fruition in April, a new age is striking Winston Hills in particular. Not only does the approval bring about the first apartment development in Winston Hills, but also creates a new environment whereby first home buyers can establish themselves in the market and empty nesters can potentially stay in an area they have called home for many years.
According to realestate.com.au, the demand for property is high in Winston Hills as the online visits per property is almost triple that of NSW’s average. Therefore with the median price of houses spiking in the district over recent years, this could prove an exciting time for Winston Hills; an age of change.
The Langdon – Winston Hills
The approved plans comprise an 86 unit complex that will be constructed above the existing Winston Hills Mall, one of the largest sub-regional malls in NSW. This project will not simply be a block of apartments but will also have a beautiful podium level landscaped garden that residents can enjoy. With views across Winston Hills, towards the Sydney CBD and all the way to the Blue Mountains, there will be no shortage of lush vistas, from most every apartment.
Limited Apartments in Winston Hills
Due to the complete absence of apartments in Winston Hills this project brings a rare commodity to the area. It caters for the increased demand from the downsizing demographic who don’t want to move far from the suburb they grew up in and don’t want the maintenance of a house any longer.
Median House Prices Spiking
Over the last 3 years, the median house price in Winston Hills has gone from $580,000 in 2012 to $900,000 in 2015; an increase of 55%. This median price rise affects affordability for those with a budget wishing to buy in the area, and it will be a welcome sign that a cheaper alternative in apartments are available.
Complete Range of Amenities
Not only is The Langdon – Winston Hills going to be an alternative to houses, but it also offers the opportunity to live in a home with great immediate amenity. With the Winston Hills Mall directly below, residents of these apartments will have the convenience of a fully operational shopping mall moments from their front door. With 64 specialty shops and Aldi, Big W, Coles and Woolworths, the Winston Hills Mall has it all.
As housing becomes less affordable with the increase in median prices, the introduction of apartments in Winston Hills will prove compelling for empty-nesters and first home buyers alike. With a myriad of amenities directly below, enchanting views and the latest modern design, a development like this is much more than just another apartment building. In the case of Winston Hills, it can have a huge positive benefit for those who have grown up in the community, to stay there.
Change is inevitable. The recent North West Rail Link is bringing enhanced life to the Hills District. The increased access to and from the Sydney CBD and throughout the precinct has brought an influx of large scale investment to the Hills District. In turn, we see an environment making this district flourish. The infrastructure is creating many new jobs and social hubs, enhancing communities and attracting new developments. Simply… the hills are alive!
Explore the Hills district
If you’d like more information about this ever expanding area of Sydney, speak to one of our friendly agents today who can provide more insights to this beautiful area for modern residential living.