Welcome to some of my more informal insights into the world of Real Estate. Here I’ll introduce some of the hot topics within the industry and add some of my tips to help you make the most of your career in this business.
Next Stop - The Hills District
There are dozens of great reasons to love living in The Hills district, not least of which is the fact that it’s a booming area for investors. Unfolding before our eyes over the last few years has been a project that will ensure the area continues to grow for some time to come: the Sydney Metro Northwest rail link.
History proves that nothing brings a suburb, no matter how remote from the CBD, closer to the main game like the good old railroad, and even though the link is not completed, the impact of the $8.3 billion project on population and price in The Hills has been enormous. People are now clamouring to live in the area. The infrastructure to accommodate such growth is vigorous and visionary.
The “priority precincts” allocated by the State government have been earmarked for townhouses and high-rises. Those whose homes need to be cleared for the rail project stand to make up to three times the market value for their properties.
The buying activity of state-of-the-art developers like Toplace (2400 units at West Pennant Hills) and Sekisui House (1300 prestige apartments adjacent to the Castle Hill Country Club along Spurway Drive) has meant that many residents have had, or will have, their lives transformed by the unexpected windfall. Overall, thanks to all this activity, median prices have leapt over 100% in the last five years!
It’s exciting to contemplate the future of The Hills district. You should be excited, because you are living in exactly the right place. For the next twenty years, growth is assured, and that growth will only accrue to the growing status and privilege of living in the most sought-after area of Sydney.
So to our valued customers and friends in The Hills District: be optimistic about the property market in the area. To investors: be excited about the boundless possibilities presented to you by The Hills District. To everyone: now is the time to get into The Hills area!