Housing demand tested to outer limit

Nov 21, 2013

21 November 2013 / Australian Financial Review

Sydney housing and apartment developer Legacy Property will test the demand for homes on the city’s fringe this weekend when it launches 50 house and land packages at Greenway, its new estate in Marsden Park. Legacy has already issued priority numbers to 100 buyers. Chief executive Matthew Hyder said the estate, one of the first to be released in the vicinity of the north west growth centre, has attracted high interest both from first-home buyers and down-sizers. The first 50 house and land packages will be priced from $491,800 to $683,990. Mr Hyder said Legacy Property had partnered with leading builders to build homes suiting different life stages. Marsden Park is about 50 kilometers northwest of the Sydney CBD. Greenway, which is a joint venture with a local land owner, will eventually have more than 600 homes, a shopping centre with supermarket, and facilities including a village green and dog park. It is also directly opposite the new Sydney Business Park, a large estate which has already attracted retailers like Ikea, Bunnings and Costco, and will eventually create significant local employment. Mr Hyder said the area was benefiting from considerable investment in infrastructure. “Greenway is perfectly positioned to services, transport infrastructure and major places of employment,” he said. “There is easy, direct access to the M7; and Schofields, Quakers Hill, Blacktown,  and the future Marsden Park train stations are a few minutes drive away.”