Merry Christmas + Acreage Update: A Review of the Past Decade
/As this decade comes to an end, it’s hard to believe the changes we’ve seen over this past 10 years.
For example, this time last decade Rouse Hill Town Centre had only recently opened. Now it’s become the major shopping hub for this district ...and it’s been extra busy over these past few weeks throughout the Christmas period.
The rapid expansion of the North West Growth Centre has seen acreage properties being rezoned and extensive development throughout Box Hill, Riverstone, Schofields, Rouse Hill, Vineyard and Marsden Park which included the Sydney Business Park with IKEA and Costco, etc, as well as the development of large estates like Elara, The Gables and The Hills of Carmel.
During this past decade we’ve also seen the development of land subdivisions in Pitt Town, the Redbank Estate in North Richmond, along with the release of several acreage subdivisions around Kenthurst, Maraylya, Cattai, Kurrajong, Kurmond, Blaxlands Ridge, Sackville North, Maroota, Wilberforce and Grose Vale.
In regards to Infrastructure, the duplication of Windsor Road, Richmond Road and Schofields Roads, along with the opening of the Sydney Metro have been some of the more significant projects completed in the area this past decade.
In relation to the market, median prices have typically doubled across the acreage market over the past decade, whereas, in the areas that were rezoned like Box Hill, Schofields, etc. the median price quadrupled as developers bought up big during the boom that we experienced mid-way through this past decade.
As 2019 draws to a close, there’s a lot more confidence in the housing market and we’re anticipating strong price growth for acreage properties at the start of the New Year, with lots of buyers flooding back into the acreage market.
During this upcoming decade, the construction of Sydney's 2nd airport and the aerotropilis projects around Badgerys Creek, plus, the release of Marsden Park North and West Schofields precincts, it looks like acreage properties around the fringes of Sydney will continue to provide a blue chip investment opportunity.
At the same time, rural properties nearby will still enjoy the lifestyle of acreage as well as strong price growth along with the added convenience of having new facilities built closer to their doorstep.
I'm really looking forward to seeing what opportunities this next decade has in store for my acreage clients.
At this time, I’d especially like to share my heartfelt thanks to all of the dedicated firefighters who are bravely protecting our communities and my thoughts and prayers go out to all of those impacted who have lost loved ones, lost homes or are displaced during this Christmas period as a result of the fires. It's devastating at anytime, but, it's especially harder around Christmas.
There are several people I know who have lost loved ones this year and I wish them extra love, strength and support throughout this difficult Christmas period.
To all of my clients, I would like to thank you all for the opportunity to be of assistance to you throughout this past year. It's been a pleasure to be of service to you.
To everyone watching I wish you a wonderful, joyous Christmas and a safe 2020 full of good health, fun, love and lots of good times.
Thanks for watching. Merry Christmas everyone.