The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
FULL PROGRAM RELEASED FOR URBANITY-25 CONNECTING PROPERTY LEADERS ACROSS THE ASIA PACIFIC
FULL PROGRAM RELEASED FOR URBANITY-25 WHERE THE PROPERTY INDUSTRY CONNECTS
VIEW FULL AGENDADETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
InfrastructurePartner ContentThu 21 Oct 21

Rouse Hill Residential Development Site Hits the Market

30f25d4c-42f1-42d4-902e-7fadddaad3fe

The epicentre of north-west Sydney is shifting west. Where Castle Hill was once the focal point, the emerging suburbs of Rouse Hill and Box Hill are fast becoming the star attractions.

In this new centre of attention, there is no tradeoff between space and amenity; major projects such as the North West Metro, Rouse Hill Town Centre and the upcoming Rouse Hill Public Hospital, together with the established Norwest and Sydney Business Parks, have attracted young and affluent families.

Against this backdrop, is The Paddington at 74-74A Tallawong Road, Rouse Hill, a prime infill development site 600m from Tallawong Station and moments from shopping, dining and education.

Castle Group, a prominent Hills developer and Rouse Hill’s largest private landowner and Developer, is bringing the land subdivision site to market hot off the heels of the sale of 59 Cudgegong Road for $36 million, a record result for a 2ha medium density development—and only 300m from The Paddington.

Castle Group have lodged a development application for a 65-lot land subdivision with house designs. The 20,200 sqm medium density site with a 12m height limit is 100 per cent serviced and development ready.

▲ Castle Group’s current and past projects within the Rouse Hill region.


“The infrastructure, open space, education options and town centre have made it the most sought-after suburb in the Hills” said Castle Group’s Director Ritchie Perera.

“As a great advocate of Sydney’s North West, and particularly Rouse Hill, I’m sad to let go of one of our prime sites, but proud of what my team and I have planned for the site.”

“Our knowledge of the market and buyer demographic has allowed us to lodge a development application for what I believe will be the most in demand product in Rouse Hill.

“Given the site is only 600m from Tallawong Metro, most developers would be putting forward an apartment or townhouse development - which the planning controls allow for. However, due to our extensive experience and intimate knowledge of the planning rules and demand profile in the area, we’ve come up with a scheme that can be more profitable and has less risk than a higher density offering.

Unlike apartments and townhouses, the developer can issue split contract house and land. This means they can exit at land registration rather than hanging around till the end of home construction. These carry the burden of additional debt, capital investment and also time in market.”

Tallawong Road, which provides access to Tallawong Metro Station, is comprised of predominately R2 zoned land, where 95 per cent of available supply is sold.

“A 300 square metre block of land is now selling for $3000+ per sqm. Last week, we sold a 318sqm block for $960,000 and that was 1.7km from the Metro Station” Perera says.

▲ Indicative development montage.


According to data from Pricefinder, the median price of a house in Rouse Hill between July 1, 2021 and September 30, 2021 was $1,415,800. During the same period, the median price of an apartment was $660,000.

‘This is reflective of a housing market with a multi-modal price distribution, with a gap in available product between $1 million and $1.3 million. It’s that undersupplied segment that The Paddington will appeal to,’ Perera said.

“The fact that virtually all the future supply on Tallawong Road will be apartments means that demand for The Paddington will be strong.”

“With 65 lots providing for 50 five bedroom houses, 10 four bedroom houses and 5 three bedroom houses, this is an offering with no peer.”

Paddington Rouse Hill will be sold via public auction on Friday 19 November 2021.


The Urban Developer is proud to partner with Castle Group to deliver this article to you. In doing so, we can continue to publish our daily news, information, insights and opinion to you, our valued readers.

InfrastructureEducationdo not useProject
AUTHOR
Partner Content
More articles by this author
ADVERTISEMENT
TOP STORIES
Nation's build-to-rent project Charlie Parker in Sydney's Parramatta where more projects are being located and built outside the CBD.
Exclusive

Foreign Capital Still Dominates BtR but Things are Changing

Marisa Wikramanayake
7 Min
Exclusive

Fortis Reveals Plans for Coveted Bowen Terrace Site

Taryn Paris
4 Min
Exclusive

Accor Deputy Delivers Verdict on Brisbane Games Hotel Shortfall

Phil Bartsch
6 Min
Qld Budget 2025-26 Brisbane City
Exclusive

Billions Promised, Now Deliver: Industry’s Qld Budget Verdict

Vanessa Croll
6 Min
Medium Density housing in NSW
Exclusive

NSW Budget ‘Groundbreaking’ $1bn Guarantee to Unlock Housing

Leon Della Bosca
7 Min
View All >
Sydney developer Platino Properties is planning a near 350-unit seniors development on the Northern Beaches as it continues to expand its over 55’s portfolio. The concept application extends the Skyline Place seniors precinct and is for 1 and 3 Skyline Place, Frenchs Forest.
Retirement & Aged Care

Platino Plans Northern Beaches Seniors Expansion

Renee McKeown
Industrial

Cadence Nabs Logistics Portfolio for $170.5m

Taryn Paris
Genesis Street Frontage 3D Concrete Printed Duplex with Nick Holden
Technology

Australia’s First 3D-Printed Duplex Halves Build Times

Leon Della Bosca
The founder of Contour3D says Australia’s first printed duplex project proves the tech can sort the housing shortage at …
LATEST
Sydney developer Platino Properties is planning a near 350-unit seniors development on the Northern Beaches as it continues to expand its over 55’s portfolio. The concept application extends the Skyline Place seniors precinct and is for 1 and 3 Skyline Place, Frenchs Forest.
Retirement & Aged Care

Platino Plans Northern Beaches Seniors Expansion

Renee McKeown
2 Min
Industrial

Cadence Nabs Logistics Portfolio for $170.5m

Taryn Paris
3 Min
Genesis Street Frontage 3D Concrete Printed Duplex with Nick Holden
Technology

Australia’s First 3D-Printed Duplex Halves Build Times

Leon Della Bosca
3 Min
Development

Rare Coastal Development Opportunity in Heart of Mooloolaba

Partner Content
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/rouse-hill-residential-development-site-hits-market