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Local News & Development

Elyard Gardens, home to towering Narellan

18/10/2017

 

NARELLAN’S skyline is set to soar with the unveiling of Elyard Gardens, a four hectare site neighbouring Narellan Town Centre to potentially house 1000 apartments.

The site, owned by Elyard Property Holdings, will feature high-rise buildings more than 40 metres high at Elyard St and Somerset Ave, Narellan.

The future vision for Narellan. Source: Roberts Day

A planning proposal was lodged to Camden Council three weeks ago.

Dartwest Development general manager David Taylor, assisting Elyard Street Developments, said the project was in the early stages.

“We have the view the site has significant potential,” he said.

“Narellan has shown it is ready to grow with the Narellan Town Centre redevelopment well-received.

Planning for high rise apartments more than 40 metres high is underway for Narellan. Pic: Simon Bullard/AAP Image

“Camden is growing as an urban area and warrants apartments in central areas such as Narellan, as we are confident the State Government will bring rail to the area.

“Narellan already offers employment, retail and leisure opportunities, which are options ideal for apartment living. The site is well-located in that regard.”

 

Resources and Article courtesy of The Macarthur Chronicle.

Gregory Hills Drive extension only weeks away from opening

05/10/2017

 

Another road connecting Camden to Campbelltown will be open in a matter of weeks.

 

The highly anticipated Gregory Hills Drive is in its final stages of construction and will be ready to connect motorists from Camden Valley Way to Eagle Vale Drive and Badgally Road.

 

The road was constructed in a voluntary planning agreement between Gregory Hills developers Dartwest and Camden Council and has moved along without any major delays or snaps.

 

Dartwest chief executive David Taylor said he couldn’t give a concrete opening date at this stage because legalities still needed to be finalised.

 

“We’ve got one final stretch of road that needs to be covered over, but other than that all we’re waiting on is the land to officially be transferred over to Camden and Campbelltown councils,” he said.

 

“We can’t open the road until it is officially public land.

 

“But we’re very close now.”

 

Mr Taylor said he was anticipating the road would be an immediate hit upon its opening.

 

“As with any emerging road network traffic is going to be busy for a while,” he said.

 

“As Narellan Road has been upgraded there’s been more traffic on Raby Road.

 

“Gregory Hills Drive will help alleviate that traffic, and once Narellan Road is complete it will settle down even more.”

 

Mr Taylor acknowledged there was concern from residents about the traffic spilling onto Eagle Vale Drive and Badgally Road.

 

However, he said Campbelltown Council had taken preemptive steps to minimise the congestion.

 

“Campbelltown Council to their credit upgraded Eagle Vale Drive ahead of Gregory Hills Drive opening,” he said.

 

“This means there will be far less of a problem than there would have been otherwise.

 

“The traffic won’t be anywhere near as bad as it would have been.”

 

Mr Taylor also addressed the fact that Gregory Hills Drive would only be two lanes – one each way – on the approach to Badgally Road near St Gregory’s College.

 

He said it was impossible to avoid the situation.

 

“We’ve got families of 1000 students trying to get them to and from school every day,” he said.

 

“We had to maintain that access to St Greg’s.

 

“As soon as Gregory Hills Drive is open we’ll start working on that other lane.

 

“The only way we could have had both lanes open up at once would be to shut the school for a year, which is impossible.”

 

 

- Article & Resources courtesy of The Advertiser.

Growing Camden real estate business secures spot in Gregory Hills

01/10/2017

 

Dom and Henry.jpg

Real estate business Harcourts Paramount has exclusively secured the lease of retail space within the highly-anticipated Gregory Hills Business Park development, also known as SOMA Wellness. 

 

The business secured the premises, due to be completed early next year, as they are expanding with a second office, with the first office located in the heart of Argyle St, Camden. 

 

Harcourts Paramount Director, Domenic Bonfiglio says the move comes with the growing need to be able to better service clients across South West Sydney. 

 

“We decided to open our second office in Gregory Hills to service our clients at a higher level with two central locations. 

 

“We will be situated centrally, ready to help accommodate the expected growth that South West Sydney will encounter over the next five to 10 years. This includes the further development of Gregory Hills, Leppington, Harrington Park, Oran Park, Bringelly and Badgery’s Creek airport,” says Mr Bonfiglio. 

 

The location itself attracted Mr Bonfiglio and fellow business owner Henry Fernandez because it is a professional services building that is well located in what will be the Gregory Hills Business Park. 

 

“This move allows Harcourts Paramount, and Harcourts as a Group, to be the first official real estate office based in Gregory Hills,” says Mr Bonfiglio. 

 

Harcourts Paramount is a well-established business in the Macarthur area, achieving record-breaking results and continual growth each and every year.  

 

“We’re excited to be part of a precinct that will offer local residents healthcare clinics and resources, a brand-new hospital, cafés, restaurants, pubs, schooling and easy access to public transport, including future train stations to be situated in Oran Park and Narellan,” says Mr Fernandez.

 

 

- Article & Resources from Harcourts International and Harcourts Paramount

Gregory Hills Drive extension is now Open.

25/10/2017

Gregory Hills Drive extension is now open

Its’s finally here – the long-awaited Gregory Hills Drive extension opened to the public this morning.

 

The road will provide another link between Camden and Campbelltown, providing a relief for frustrated motorists on Narellan Road.

 

The $45 million road was constructed in a voluntary planning agreement between Gregory Hills developers Dart West and the NSW Government.

 

At this stage the road is one lane each way, but will grow to two lanes after an additional access to St Gregory’s College is constructed. It is expected to be complete in the first half of 2018.

 

The road links the existing sections of Gregory Hills Drive at Gregory Hills and Badgally Road and Eagle Vale Drive at Eagle Vale.

 

Dart West general manager David Taylor said the road provided a convenient link to the Hume Highway and M5 via Eagle Vale Drive and Raby Road.

 

“The new road link is all about making it easier to get around Macarthur,” he said.

 

“Camden and Campbelltown councils, the NSW Government and the Australian Government are all working to coordinate and deliver new infrastructure and new communities across south-west Sydney.

 

“Dart West is pleased to have contributed to improving the regional road network so that Macarthur area residents and businesses can more around more conveniently.”

 

 

Resources and Article courtesy of Camden Advertiser.

Amazon is coming to Smeaton Grange

30/11/2017

Amazon only launched in Australia last week but the retail giant has already snapped up land in Smeaton Grange.

 

The company has spent $7 million to purchase 2.11 hectares of land at Lot 4331, 42A Bluett Drive, Smeaton Grange, according to sales records registered with the NSW Land Titles office.

 

This land could be developed into a smaller fulfilment centre, as Amazon refers to its warehouses.

 

It adjoins a warehouse of the same address, which it has leased from Goodman Group since February 2015.

 

Amazon also signed a 10-year lease at the Goodman Group's Bungarribee Industrial Estate, Eastern Creek, in Sydney's south-west, as it cements its presence in the country.

 

Lease documents registered with the NSW Land Titles office say the two built properties will be used for ‘network operations and data centre and ‘any other uses permitted by law’.

 

This comes as business information researchers IBISWorld's senior industry analyst Kim Do said Amazon's imminent arrival in the Australian market is set to shake up the retail sector.

 

“The company intends to challenge domestic retail prices by offering items for 30 per cent less than domestic retailers. This is expected to appeal to price-conscious Australian consumers, and is likely to affect local retailers that have found it difficult to adjust to a shift in consumer spending behaviour over the past five years,” Ms Do said.

 

"With the entry of Amazon, the online shopping industry in Australia is expected to grow at an annualised 13.5 per cent over the five years to 2017-18, to reach $20.1 billion. Although Amazon has largely kept its plans for the Australian market under wraps, IBISWorld expects Amazon will be prepared to make initial losses to help it gain market share within Australia's online retail sector as quickly as possible."

 

One is a data centre, presumably for the Amazon Web Services, which have been operating in Australia for some time, while the site at Bungarribee is described on the documents as a warehouse.

 

Industrial property agents have also said Amazon is in discussions with Goodman for a larger warehouse centre at its Oakdale South industrial estate, also at Eastern Creek.

 

Goodman chief executive Greg Goodman has repeatedly said he could not comment on any Amazon deals.

 

It comes as Amazon sent an email to its third-party sellers asking them to be prepared by 2pm last Thursday for a soft launch of Amazon Marketplace.

 

As yet, the website is selling only its traditional books.

 

According to the documents, Amazon has leased part of Lot 6, site 4A on the Bungarribee estate, which is a new 17,002-square-metre development with the crucial access to transport infrastructure, being the Great Western Highway in Huntingwood.

 

It runs from January 2015 to 2025 and has an option to renew for a further 10 years.

 

The document shows the rent on that site is $1.34 million a year. It is a 16,149 sq m high-clearance warehouse with an 853 sq m office. This suits Amazon as it requires a warehouse that can be configured into a multi-level distribution centre.

 

The other lease to Amazon Corporate Services, at Lot 4332, 42A Bluett Drive, Smeaton Grange, is also for 10 years, plus a 10-year option. The rent on this 10,725 sq m site is $1.2 million a year.

 

These two buildings are located near to transport giant Linfox. This is similar to the lease Amazon has signed at Dandenong, in south-east Melbourne, which has access to major roads and third-party logistic operators that will deliver the goods.

 

 

Resources and Article courtesy of The Advertiser.

Rental Market update: Mount Annan

Are you looking to invest in the Macarthur area?

 

Are you already an investor?

 

Are you looking for a property to rent in the Macarthur area?

 

Then subscribe to our page and watch our weekly video focused on the local rental market.

 

This weeks focus area is Mount Annan.

 

Should you require further information please contact Domenic or Justin on 4655 4488 to discuss all leasing matters.

 

www.harcourtsparamount.com.au

 

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House prices in pockets of Western Sydney increased by up to $2000 a day

18th April 2018

Jocelyn and Paul Zakostelesky with boys Jake, 14, Oliver, 13, and William, 10, at their Mulgoa Rise house which doubled in value. Picture: Darren Leigh RobertsSource:News Limited

HOME prices in pockets of Sydney’s far west have been growing at more than $2000 a day despite the rest of the city’s real estate market turning ice cold.

The latest housing market figures show the west has been insulated from the slowdown in much of Sydney due to the Badgerys Creek Airport and a record pipeline of infrastructure projects, including the delivery of a $7 billion north-south rail link from St Marys to the new airport site.

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The raft of improvements have been attracting throngs of investors and owner occupier buyers to the area, creating stiff competition for the limited supply of housing available.

This has forced prices up at a pace not seen since Sydney real estate boomed between 2013 and 2016.

9 Faithful St in southwest suburb Oran Park could set a suburb price record when it sells.

9 Faithful St in southwest suburb Oran Park could set a suburb price record when it sells.Source:Supplied

The most noticeable price increases occurred in the suburbs of Rossmore, Glenorie, Mulgoa and Bringelly, which are all in the vicinity of Badgerys Creek.

Median prices in these suburbs jumped by up to $975,000 over the past year, often from already high starting points.

A typical Rossmore house was $2.46 million last year but is now $3.43 million, according to Realestate.com.au and CoreLogic data.

Glenorie houses were typically $1,362,500 last year but have since grown to $1.875 million — a $1404 jump in prices for each day of the year.

Bringelly prices went up by an average of $2075 per day, going from a median of $2.05 million last year to the current $2.8 million.

In Mulgoa, just south of Penrith, the median went from $1.06 million to $1.44 million.

The typical value of the average Sydney home, by contrast, dropped 2.4 per cent over the same period.

This home at 18 Ellim Pl, Cranebrook was the most viewed property listing in NSW earlier this month.

This home at 18 Ellim Pl, Cranebrook was the most viewed property listing in NSW earlier this month.Source:Supplied

The Sydney-wide price falls followed a 25.4 per cent drop in the number of people actively looking for homes to buy, along with a 23 per cent spike in the number of homeowners listing their properties up for sale.

Western Sydney’s defiance of the citywide slowdown has not gone unnoticed by local homeowners.

Paul and Jocelyn Zakostelesky moved into their home in Mulpha estate Mulgoa Rise five years ago and said their latest valuation showed it was worth more than double what they paid.

“It was a pleasant surprise,” Mrs Zakostelesky said. “I feel like we benefited by buying here before a lot of other buyers came to the area.”

Realestate.com.au chief economist Nerida Conisbee said the rises in far west home values were typical for areas where major infrastructure announcements had been made.

The announcements tended to encourage builders and speculative investors to seize up greenfield development sites, along with houses on large blocks, she said.

“There was a similar pattern in areas like Kellyville a few years ago when the (Sydney Metro Norwest) line was announced and prices shot up,” Ms Conisbee said.

 

Source www.news.com.au