Dr. Andrew Wilson, Chief Economist at My Housing Market, has conducted a comprehensive market analysis focusing on the growing Norwest residential property market in Sydney. This report sheds light on the notable trends within dynamic expansion areas, revealing positive property indicators. These indicators include significant increases in property values and strong performance in auction clearance rates.
“The Sydney housing market has maintained its strong revival through the first half of 2023 with the north-west reporting the strongest regional price growth over the past year,” Dr Andrew Wilson said. “With Sydney home values still just below the peak results recorded over March last year, buyers will continue to take advantage of the value opportunities that remain in the local market – particularly in high demand areas to the north-west of the city.”
Infinity Park, in the heart of Sydney’s rapidly expanding Norwest, is the most premium residential development currently on the market being developed by property developer, Haitchin Group. It boasts an array of spectacular resort-style amenities for residents to enjoy including a glamourous lagoon-style pool surrounded by lush tropical landscaping.
Infinity Park, overlooking Castle Hill Country Club, is a residential development consisting of 290 apartments spread across three buildings. The project features a 25-storey tower named “Marque,” along with two five-storey low-rise buildings called “Alpha” and “Omega.” These buildings offer a selection of two and three-bedroom apartments.
Adjacent to the residential area stands Infinity Commercial, seven-storey commercial tower housing 95 strata commercial suites, including a rooftop restaurant spanning 193sqm, overseen by acclaimed chef Joshua Mason. Construction on the commercial tower commenced in September 2022.
Overseeing Infinity Park’s progress is PRD Norwest Director, David Inkster, whose adept management aligns with the insights from Dr. Wilson’s Norwest Market Report. This report emphasizes Norwest’s appeal to discerning investors, driven by factors such as housing scarcity, population growth, new infrastructure like hospitals and railways, and an influx of immigration, all contributing to Sydney’s allure.
“All of the economic drivers are there. Price growth and sales continue to be strong, clearance rates are high, rental yields are higher than other areas and vacancies are low,” he said. “Infinity Park is certainly one of the most premium mixed-use communities in Norwest. The project has received strong interest already with local downsizers not wanting to miss out on the opportunity to live here,” he said.
Situated on the most elevated point of Norwest, Infinity Park will offer The Hills District’s finest elevated panoramic views and featuring extensive lush tropical landscaping, it will be Norwest’s greenest residential community, centred by a Balinese-inspired, tropical lagoon- style swimming pool – the largest in Norwest.
Stunningly designed by Turner, Infinity Park will become one of Norwest most sought-after residential addresses and offers a mix of one, two and three bedroom apartments priced from $630,000. Haitchin Group’s General Manager, Robert Tasevski, said one of Infinity Park’s greatest selling points is the enviable lifestyle it will offer, positioned within walking distance to the picturesque Castle Hill Country Club, with meticulously designed, generously sized apartments and balconies, designed with downsizers in mind and those looking for more space than the average apartment in Sydney.
“The larger style two and three bedroom apartments will cater to local downsizers looking for a stunning new home, close to all amenities including the Castle Hill Country Club as well as the Norwest Metro station, Norwest Shopping Centre and local schools.”, stated Tasevski.
The residential component of Infinity Park is due for completion in mid-2025 with the commercial building completing earlier in April 2024.
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