124 Cranbourne St · Riverstone · Sydney

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124 Cranbourne St · Riverstone · Sydney



Under the influence of the central bank's continued interest rate hikes since May 2022, Australia's real estate market has gradually turned into a buyer's market, and buyers have had time to breathe to choose a property that is more suitable for them.


However, from 2020 to December 2021, single-family houses rose at a record-breaking pace, with Sydney areas with a median price of more than 2 million rising by more than 25%. Even if many areas peaked and fell from March 2022, Sydney House prices are still up 13 per cent from the pre-pandemic period, compared with 5.5 per cent in Melbourne.


(The picture above shows the weekly house price change curve in Sydney from 2010 to October 2022)

So it can be seen that even after the fall in house prices in 2022, for the affordability of many families, the pressure to buy a detached house is still very high, and now the auction clearance rate has been continuously low, and I am worried about this time. Buying is too risky.


In the face of the current harsh market environment and the influx of new immigrants and international students who have been entering the country since October, many buyers who "want to buy both affordable and good" have begun to take action, and the price of detached houses is still low. In the case of high prices, we set our sights on Townhouses (townhouses) in the Northwest District, which can take into account living experience and affordability at the same time, and at the same time have excellent rental returns.


(The picture above shows the growth trend of the core area of northwest Sydney in 2021)




(The picture above shows the population and employment growth trends of Riverstone in the project area)

Today, we will use two articles to bring you two townhouse projects located in the mature development area of northwest Sydney, bringing you a better choice for those who are hesitant.


Project Info

Price:   From$789,990

City:   Sydney

Suburb:Riverstone

Property Type:   Townhouse

Floor Plan Type: 3 Bedroom、4 Bedroom

Building Size:140-205㎡

Settlement Date:Feb 2023


Major Floor Plan

Duplex apartment, four bedrooms, two bathrooms, one parking space, park view, good lighting conditions, and sufficient living space.


Duplex apartment, three bedrooms, two bathrooms and one parking space, park landscape, good lighting conditions, obvious price advantage in the same area



Free Standing apartment, four bedrooms, two bathrooms and one parking space, living space, good lighting conditions, and more outstanding privacy


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Project Introduction

Project location:124 Cranbourne St, Riverstone NSW 2765

Developer: The Bathla Group (largest builder in North West Sydney)

Property Tenure: Permanent

Finishing: Fully Finishing



The 124 Cranbourne St townhouse project aims to create a high-end quality residential community for residents.


The main apartment types in the entire community are designed with a north-south transparent design, taking into account the movement of the sun in the four seasons in great detail to ensure that all houses can get sufficient lighting on all sides.

The interior design is even more ingenious. The three-bedroom and four-bedroom decoration design is fashionable and novel, without any wasted space, spacious and comfortable. For the price of an apartment, you get a living experience close to a villa.


The beautiful environment is just one step away from the 100,000-square-meter Council Park. Various humanized designs make the residents feel as if they are walking into a tropical garden. It is very worthwhile to make an appointment for viewing.


In the fast-developing northwest region of Sydney, population inflow has increased significantly, and housing demand has also soared, which has brought about a substantial increase in local rents, and the price advantage is obvious compared to the surrounding 124 Cranbourne St project in such a boom in the rental market. The return on investment ratio will also be greatly improved!

(The above is the surrounding rent data displayed by Domain in October 2022)


Facility

/Education/

Schools and times within driving distance from the project site:

  • 2 mins Riverstone High School

  • 3 minutes Norwest Christian College

  • 4 mins Schofields Public School

  • 6 mins Rouse Hill Anglican College

  • 9 minutes Rouse Hill Public School

  • 9 mins Marsden Park Public School

  • 9 mins Hambledon Public School

  • 10 minutes Australian Christian College

  • 11 mins Rouse Hill Pre School Kindergarten

  • 12 minutes Ironbark Ridge Public School



/Shopping/

A new Shopping Village will be built near the 124 Cranbourne St project, where all daily shopping needs can be met on foot from the project.


At present, the following business districts and shopping places can be reached by car from the project site:

  • 6 minutes to Riverstone Village Shopping Centre

  • 9 minutes to Bunnings Rouse Hill

  • 9 minutes to Rouse Hill Town Centre

  • 9 minutes to The Ponds Shopping Centre

  • 8 minutes to Rouse Hill Village Centre

  • 11 minutes to Bunnings Marsden Park

  • 12 minutes to Stanhope Village Shopping Centre

  • 13 minutes to North Kellyville Square

  • 13 minutes to The Village Centre

  • 14 minutes to Greenway Village

  • 14 minutes to The North Village

  • 16 minutes to Kellyville Village

  • 17 minutes to Hills Super Centre

  • 19 minutes to Norwest Marketown



/Transportation/

The 124 Cranbourne St project is located at the junction of Rouse Hill, Box Hill and Riverstone, the three major towns in the northwest. It takes 6 minutes to drive to Riverstone Railway Station and Tallawong MRT Station. There are dozens of bus lines along the MRT station, forming a well-connected transportation network. .


The following public transportation stations are currently accessible by car from the project site:

  • 5 minutes drive to Riverstone train station

  • 6 minutes drive to Tallawong MRT station



After our introduction, I believe you have a preliminary understanding of the project at 124 Cranbourne St, where you can get a living experience close to a villa at the price of an apartment. If you want to know more information in detail, there are still a small number of high-quality units, please contact us quickly, we will recommend individually, first come first served, see you on site!


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