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NSW Box Hill

Discussion in 'Where to Buy' started by wombat777, 10th May, 2016.

  1. wombat777

    wombat777 Well-Known Member Premium Member

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    Another estate now underway in the North West of Sydney.

    No Cookies | Daily Telegraph

    It will be interesting to watch.

    What: The Hills of Carmel, Box Hill

    What: $1.3 billion housing development to feature more than 2,000 dwellings, sports fields, schools, a shopping centre within 10 years

    Area: 223ha bounded by Annangrove Rd (east), Boundary Rd (west), Old Pitt Town Rd (North) and Windsor Rd (south)

    Blocks of land: From 300 sqm to 450 sqm with some corner blocks between 500-600sq m

    Cost: From $390,000 per lot
     
  2. larrylarry

    larrylarry Well-Known Member

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  3. wombat777

    wombat777 Well-Known Member Premium Member

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    Attached Files:

  4. wombat777

    wombat777 Well-Known Member Premium Member

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    This article by @Jennifer Duke on the weekend:

    Life on the outskirts: Even if we go up, we have to go out

     
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  5. ashish1137

    ashish1137 Well-Known Member

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    There is nothing below 450 sq mt and 530k.

    Seems most of the cheaper stock is already grabbed by builders
     
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  6. beachgurl

    beachgurl Well-Known Member

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    I've been hearing from land sales reps that demand from individuals has really dropped off recently. Most of the sales out west are by builders selling house and land packages. I'd suggest it's a combo of APRA tightening on off the plan purchases mixed with hitting the peak of the cycle.
     
  7. wombat777

    wombat777 Well-Known Member Premium Member

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    Anyone buying land would want to be really careful they don't overcapitalise on the build. I'm guessing it could be 6 to 18 months before some of the builds would be starting construction in the two new estates. Valuations could change dramatically in that time.
     
  8. House

    House Well-Known Member Premium Member

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    The Birchster sold H&L to his clients there

    image.jpeg
     
  9. ej89

    ej89 Well-Known Member

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    Didn't sell em... He got them all land way cheaper than marketed and got his builder to do the homes... You can make money in all markets and he's using his contacts to get good deals.. Nothing wrong with that.
     
  10. House

    House Well-Known Member Premium Member

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    So if getting his clients 'land way cheaper than marketed and got his builder to do the homes' isn't selling H&L... What is it?
     
  11. ej89

    ej89 Well-Known Member

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    It's acquisition... Him selling them would mean he owned the product or part of the product. He gets a BA fee to do it, not a commission..
     
  12. wombat777

    wombat777 Well-Known Member Premium Member

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  13. oki doki

    oki doki Well-Known Member

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    I thought this was a thread on box hill,Vic and about dumplings :)
     
  14. wombat777

    wombat777 Well-Known Member Premium Member

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  15. wombat777

    wombat777 Well-Known Member Premium Member

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  16. Matthew

    Matthew Member

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    I don't see the attraction of Box Hill. Just another over-priced new housing area in the middle of no where lacking infrastructure, services and with mainly postage stamp sized blocks. Mind you, like the Ponds it will increase in price no doubt.
    My main concern with areas like this, the Ponds, Schofields etc is a lot of home owners are mortgaged to the hilt so what happens when interest rates eventually rise ?
     
  17. wombat777

    wombat777 Well-Known Member Premium Member

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    For many, small blocks are a life-style choice. I don't want a big yard to maintain. I travel 7-8 weeks per year and I am busy most weekends.

    The geographic centre of Sydney is Parramatta. Significant job creation is staring to occur in the region west of Parramatta. Massive employment lands are going in at Marsden Park and Riverstone. IKEA only setup where the population will support it.

    Someone living in Box Hill will need to drive 5 minutes to one of two train stations and likely work in Norwest Business Park or Macquarie Park ( will be 30 minutes on the train ) and Chatswood not much further. Alternatively they can drive to Schofields and head to the city that way. They do have buses out here ( only 30 minutes to go to Parramatta or 50 mins to the city - from Rouse Hill ).

    NAB's list of at risk suburbs are spread right across the Sydney basin:

    IMG_0405.jpg
     
    Last edited: 9th Feb, 2017