What stage two of Parramatta Light Rail means for Wentworth Point

We exchanged two properties this week. Check out the sales details. Also read the impact of Parramatta Light Rail on the Wentworth Point property market.

This week we exchanged two properties - a 2 bed at 681/4 The Crescent and 1 bed at 306/16 Corniche Drive, The Crescent marking another off market sale - our 24th to occur this year, before the launch of its sales campaign to the wider market.

Last week we let you know about the sale of 708/19 Hill Road. We’re pleased to now be able to share the $742,000 result with you, an outstanding price for a two bedroom, two bathroom, one car space apartment in the Sorrento building. 

Of significant benefit to Wentworth Point residents is the recent update by the NSW state government, who have committed $50 million in their next budget towards the planning of stage 2 of the Parramatta light rail project. 

The second stage will connect Stage one (a 12 kilometre two-way track from Westmead to Carlingford) and Parramatta CBD to Wentworth Point and surrounding suburbs (Ermington, Melrose Park, and Sydney Olympic Park), with 10-12 stops over a nine-kilometre two-way track, providing direct, frequent and reliable public transport connection between these areas. You can read more about the progress of the Parramatta Light Rail here.

What to read next?

Faster Leasing Times in a Tightening Market

March delivered further signs of a tightening rental market, consistent with the trend over the first quarter of this year.

Read more

Interest Rate Relief and Strengthening Rental Market

February saw continued strengthening in the rental market, with fewer new listings hitting the market, sustained tenant demand, and steady...

Read more

A Seasonal Shift in Supply and Demand

In November, Sydney’s rental market reflected seasonal trends with increased supply and steady leasing activity.

Read more

A Steady Market and Important Legislative Changes

In October, Sydney’s rental market continued to show signs of steadying, with shifts in tenant activity and leasing trends.

Read more