Affordable buying in Sydney’s Box Hill
With Sydney retaining the title as Australia’s most expensive property market, investors and house hunters city-wide are searching for affordable real estate.
Box Hill, located just 45 kilometers north west of Sydney’s CBD, could be the answer.
Situated within The Hills Shire Council, Box Hill was once semi-rural. But that’s all changed as the area becomes increasingly popular with families, investors and first home buyers.
Box Hill is currently experiencing a boom, with another 30,000 residents forecasted to be living in the precinct by 2036.
Opportunities abound in Box Hill
One key to the suburb’s growing appeal is its proximity to high quality retail. Box Hill is only a short drive to the new Sydney Business Park in Marsden Park that contains Ikea, a Lindt Factory, Bunnings and Costco.
It is also close to major motorways and the expanding retail and employment precincts of Rouse Hill Town Centre, Castle Towers and Norwest Business Park.
Then there’s the Sydney Metro Northwest rail link. The new line opens in 2019 and will include a station at nearby Rouse Hill, making Box Hill even more convenient.
Quality schools are another advantage. Arndell Anglican College, Rouse Hill High School, Ironbark Ridge Public School, William Clarke College, Hills Adventist College and The Hills Grammar are all within a short drive from the centre of town.
The relaxed family lifestyle is also a drawcard for home owners and tenants. Box Hill contains extensive park lands, nature corridors, fascinating bird life and tranquil green vistas.
While house prices have skyrocketed in recent years, Box Hill represents a value for money option for Sydney buyers, especially with more supply becoming available soon. With new dwellings expected to come in the form of homes, townhouses and apartments, there will be good buying opportunities for home owners and investors alike.
North West set for growth
The NSW Government predicts strong growth in Box Hill over the next decade. That’s why the suburb has been included in the North-West Priority Growth Area.
The special blueprint, which covers Box Hill as well as nearby Marsden Park, Schofields and Riverstone, aims to boost housing supply and increase jobs.
“This area of Sydney is becoming an increasingly popular place for people to call home and the strategy focuses on how we are going to increase housing supply to help people break into the market,” Planning Minister Anthony Roberts told Fairfax Media recently.
“The plan provides robust plans to grow communities with access to schools, open space, jobs, roads and public transport.”