Suburb profile – Norwest
Emerging as one of Sydney’s most exciting new suburbs, Norwest has established itself as a thriving, family-friendly neighbourhood. Formally making up parts of older suburbs Kellyville and Baulkham Hills, Norwest was only officially named a suburb in 2018 and has gone from strength to strength in the past few years.
In light of the outstanding growth it has experienced, choosing Norwest as the next prime build location for new home and land packages in North West Sydney was an obvious choice for North Homes. Having identified great potential for house hunters in this area, North Homes is looking forward to building in a suburb that ticks plenty of boxes for first home buyers, upgraders, downsizers and investors.
What are the benefits of the location for people moving to or investing in Norwest?
Located in the heart of the popular Hills District, Norwest is well-placed to easily access the best that Sydney has to offer. The Norwest Metro Station offers an easy 45-minute commute to the CBD and at only 25 minutes to Parramatta, Sydney’s second largest CBD, Norwest is a highly desirable address for both homeowners and tenants.
Why is Norwest the suburb of choice for North Homes’ new home and land development?
As one of the most innovative new home builders in Sydney, North Homes is always looking for up and coming suburbs that offer an exceptional lifestyle to their customers. Norwest doesn’t just look great on paper for savvy buyers crunching the numbers, it also ticks a lot of boxes in terms of lifestyle features people are looking for. The phenomenal growth Norwest has already experienced continues to increase, and there is a limited supply of new home and land packages in contrast to this high demand.
One of the main attractions to buyers is the array of local amenities close by which include the employment hub of Norwest Business Park, and retail areas such as Norwest Marketown, Parklea Markets, Castle Towers and Rouse Hill Town Centre. Its lifestyle and family features include the beautiful Bella Vista Farm, Norwest Lake, Castle Hill Country Club and quality schools, such as Bella Vista Public School, Kellyville High School and William Clarke College.
With such strong growth, Norwest is reaping rewards previously seen in highly sought-after areas such as Bella Vista, Kellyville and Castle Hill. Over the past three years, Norwest has experienced an incredible 68.2 per cent price growth according to realestate.com.au figures, taking it to a $1.2 million median for existing homes. The median weekly rent is now $580.
What is the impact of new infrastructure and projected growth on Norwest homeowners?
The resurgence Sydney’s North West has experienced is largely due to state-of-the-art infrastructure that has improved accessibility to the CBD, with the Sydney Metro Northwest opening up an array of new opportunities for residents to live and work close to transport.
When the NSW State Government released the North West Rail Link Corridor Strategy in 2013, it identified a vision for the precincts surrounding each new railway station and targets for housing and employment growth into 2036. That growth and change, which began with the arrival of Sydney Metro Northwest, is ongoing with the local Council planning for new parks, playgrounds, sporting and community facilities.
The Hills Shire is only set to expand with the Council estimating the population will go from approximately 188,500 in 2021 to 250,000 by 2036.
Why choose a new build for your future home or investment property?
The appeal of building a new home is the freedom to start from scratch so you can build your dream home, or even an investment property that ticks all the boxes for potential tenants to attracts strong rental returns.
Having the option to select particular design accents is also an advantage of building your own home. You may have the option to personalise your home to suit your style, whether it is with a contemporary or a country façade, or a single, double or triple storey layout, our wide range of modern house designs will help you select a plan that best suits your taste.
The financial benefits that apply to new home builds are also significant. Instead of paying stamp duty on a purchase price for an established property, when you build you typically only pay the duty on the land price, which could save you tens of thousands of dollars. There may be depreciation advantages for investors that can be claimed as a tax deduction, and often the building itself can be depreciated.
Finally, one of the primary perks and an extremely topical one at the moment, is the opportunity to create a more energy-efficient home, which is great for the environment – and the household budget. The aspect of your home and how it is designed, can maximise the amount of sunlight that flows through your home and have a big impact on the amount of energy you use.
There are many exciting opportunities to discover at Norwest. To find out more about our house and land packages in Norwest and across Sydney, contact a North Homes representative today. Call 1800 667 844 or explore our website https://northhomes.com.au/
