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how much are developers paying per sqm up in Castle Hill NSW?

Discussion in 'Development' started by bythebay, 14th Oct, 2015.

  1. bythebay

    bythebay Well-Known Member

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    Someone on the street has organised meeting for neighbours to discuss "proposal to sell to developers".

    Has anyone attended such a meeting?

    How much are developers paying per sqm in castle hills these days for land close to proposed train station?

    Thanks in advance
     
  2. twobobsworth

    twobobsworth Well-Known Member

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    $4000 is what is being said around the stations. Reality, who knows.
     
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  3. bythebay

    bythebay Well-Known Member

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    Thanks twobobsworth
     
  4. Graeme

    Graeme Well-Known Member

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    There was a recent article on Domain.com.au saying that the zoning plans had changed, and lower rise development was only being permitted in most areas. This has reduced land prices.
     
  5. Scott No Mates

    Scott No Mates Well-Known Member

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    Depends upon your zoning, the yield, what's in the LEP & DCP
     
  6. Gockie

    Gockie I'm an ISTP-A female, so I might be a bit quirky! Premium Member

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    Wow. But it had to happen. Smart owners. This will push up prices in the surrounding areas of Castle Hill and surrounds too since many of those 25 owners will want to stay in the area (this happened with my uncle and aunty with those builds at Rembrandt and Carlingford Rds Carlingford a few years ago). They got a good offer from a developer and took it and moved to another house in the same area (but in todays property market, that offer would be considered way too low!)

    But if my aunty and uncle banded together with neighbours I reckon they could have gotten more.


    Castle Hill 'megalot' property sale to reap $100 million | smh.com.au
     
  7. wombat777

    wombat777 Well-Known Member Premium Member

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    What area are you in if you are "bythebay"?
     
  8. Paul@PFI

    Paul@PFI Tax Accounting + SMSF Business Member

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    Depends where. The district record at present is for Highs and Castle Hill Rds (Bob McMillan ex of JS McMillan Printing fame) hit a $8,400m2 record late in 2015 for his home (and its adjoining bushland and other land holdings). Its across the road from the NWM Cherrybrook Railway site. Its proposed use is for apartments overlooking the escarpment.

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