Big plans for open space & infrastructure

Sekisui House have released a new masterplan detailing the next stage of its Sanctuary development which will revitalise the northern end of Hill Road to deliver greater benefits to residents and the wider community.

The masterplan will increase public open space exponentially to a total of 3.2 hectares - that’s more than six football fields worth of public parkland and open space, with 50% more child friendly areas, and over 4km of cycle and pedestrian pathways that will elevate the suburb’s already renowned active lifestyle focus.

To enhance connection and mobility, Sekisui House is also coordinating closely with Parramatta Council and Transport NSW to prepare for a potential future light rail and bridge landing between Wentworth Point and its parallel neighbour across the river, Melrose Park.

With such promising development ahead, it’s no surprise we sold 804/9 Baywater Drive to an investor this week. The buyer found Wentworth Point through friends and family already with property in the area, and decided it was an ideal investment opportunity that would only increase in its appeal and popularity.

The buyer bustle we’ve been reporting has been officially confirmed by realestate.com.au, with the website reaching a record number of monthly visitors and increased number of app launches in January, up 62% from the same period last year.

Westpac is now the latest bank to review their property forecasts for dwelling prices, and it is the highest one we’ve heard so far as their predictions shifted from 4% in September, to 20% gains over 2021 and 2022. The bank’s economists say the current record low official interest rate will continue to propel real estate values, with Sydney median prices likely to rise from $1.034 million to $1.24 million by 2023.

 

Alexander Chidiac
When it comes to dealing with buyers and sellers in Wentworth Point, Rhodes, Newington and throughout this part of the inner west, Alex enjoys an exceptional reputation earned from over 10 years’ experience in the industry.

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