Thought I would share some interesting information on whats going on in the North West sector in Sydney. We have seen extremely strong sales in this area for a number of years now and the price points between land in the Baulkham Hills council and Blacktown council has always been quite different…….up until now. A quick look on REA or Domain will tell you the price of land is getting ever closer in these two councils. Whilst areas such as Box Hill has enjoyed strong growth over the last 12-18 months, its the land in areas such as Schofields and Riverstone that have sky rocketed in price to the point that acquiring a block in these areas is becoming more and more difficult for the first home buyer. Smaller lot sizes are helping to keep the prices reasonably affordable but they also demand a premium “per square metre” price due to their popularity. Prices for smaller lots of land in Riverstone greenfields estates is approximately $1300-$1350 per square metre whilst Box Hill is currently over the $1400 per square metre BUT there is currently no sign of the Riverstone land prices slowing down.
We have been lucky enough to aquire some land to package up in both these areas which we are selling out of The Ponds Display Village. Give Helen a call on 0425 230 266 or 9672 6300 if you are looking for an investment property or are a first home buyer (yes we have packages under the $750k in both areas). Take care good people.