As one of Sydney’s newest suburbs, Norwest has a whole lot to offer homebuyers right now, and already has the foundations in place for an exciting future ahead. Formally making up parts of older suburbs Kellyville and Baulkham Hills, Norwest was only officially named a suburb in 2018.
In that short time, Norwest has continued to grow into a dynamic neighbourhood with a mix of home types from apartments and townhouses to family-friendly freestanding houses.
When Landen was ready to choose its next parcel of land to develop into a thriving community, Norwest was a no-brainer. The area ticks plenty of househunter boxes for first home buyers, upgraders, downsizers and investors.
What are the main drivers for moving to or investing in Norwest?
Because it’s located in the heart of the popular Hills District, Norwest is well-placed to easily access the best of what Sydney has to offer. Via the Norwest Metro Station it’s a simple 45 minute commute to the CBD. It’s also just 25 minutes to Parramatta, Sydney’s second largest CBD, making it a desirable address for both homeowners and tenants.
Why did Landen choose Norwest as the location of its next home and land development?
Norwest doesn’t just look great on paper when savvy buyers crunch the numbers, it has a lot on offer as a lifestyle suburb. Norwest has already experienced phenomenal growth and is continuing to experience high demand with limited supply.
Local amenities just moments away include the employment hub of Norwest Business Park, Norwest Marketown, Parklea Markets, Castle Towers and Rouse Hill Town Centre. Its lifestyle and family features include the beautiful Bella Vista Farm, Norwest Lake, Castle Hill Country Club and great schools, such as Bella Vista Public School, Kellyville High School and William Clarke College.
A suburb in growth mode, Norwest is reaping the rewards previously seen in highly sought-after areas such as Bella Vista, Kellyville and Castle Hill. Over the past three years, Norwest has experienced a 68.2 per cent growth in prices according to realestate.com.au figures, taking it to a $1.2 million median for existing homes. The median weekly rent is now $580.
How will Norwest’s planned infrastructure and projected growth benefit owners?
Sydney’s North West is becoming an increasingly popular place to live thanks to state-of-the-art infrastructure that’s been in the pipeline for years and is now finally coming to fruition. Sydney Metro Northwest has opened up a raft of new opportunities for residents to live and work close to transport.
When the NSW State Government released the North West Rail Link Corridor Strategy in 2013, it identified a vision for the precincts surrounding each new railway station and targets for housing and employment growth into 2036. That growth and change, which began with the arrival of Sydney Metro Northwest, is ongoing with the local Council planning for new parks, playgrounds, sporting and community facilities.
The Hills Shire is only set to expand with the Council estimating the population will go from approximately 188,500 in 2021 to 250,000 by 2036.
Why choose a new build for your future home or investment property?
There are many benefits to building a brand new property, whether it will be a dream home or an investment. You can create the kind of dwelling you wish to live in, or one you believe a long list of tenants would admire and pay strong rent for.
While some design aspects have already been selected when you choose a home and land package, you still have the opportunity to personalise. From single, double or even triple-storey homes, as well as a variety of facades, you will be sure to find the home you desire.
But there are considerable financial perks to new builds too. When you buy an established property, you pay stamp duty on the purchase price, but when you build you typically only pay the duty on the land price, which could save you tens of thousands of dollars.
You will also be able to create a more energy-efficient home, which is great for the environment – and the household budget. And the benefits continue for investors because there may be depreciation advantages you could claim as a tax deduction, and often the building itself can be depreciated.
To find out more about Norwest, and the exciting opportunities in the neighbourhood, contact a Landen representative now. Call 1300 526 336 or click here.