Investors buying up in Sydney’s Norwest
Publisher: PropertyHub.News
Written by: Ken Stanley

There’s been a noticeable spike in off-the-plan investors and investor-occupiers enquiry, resulting in a string of sales at the Infinity Park residential development in Sydney’s Norwest, 40 mins drive from the Sydney CBD, with buyers undeterred by ongoing interest rate rises.

Investors seeking off-the-plan apartments appear to be looking past the current continued rise in interest rates and are taking the longer-term view, according to PRD Norwest Director, David Inkster, managing sales at Infinity Park.

“Despite 12 interest rate rises in the past 13 months and several more expected later this year, off-the-plan sales remain strong at Infinity Park Norwest, particularly from local downsizers looking to upgrade on lifestyle, investors or investors-occupiers,” he says.

He noted that decreasing future stock levels, strong capital growth and rentals in a high-employment area are driving investors to take a longer-term view.

A recent Market Outlook report by research group, Urbis found that the continued growth and development of Norwest coupled with infrastructure investment in Sydney’s northwest continues to drive demand. (Source: Urbis Norwest Market Outlook February 2023).

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Norwest has continued to attract affluent residents with the Norwest Business Park providing employment opportunities and a high level of resident amenity, the report found.

Mr Inkster noted, the Norwest residential precinct is running out of apartments for sale (less than half are left) with purchasing off the plan the only option remaining.

Having received DA approval in 2019 and construction certificate in 2023, Infinity Park will comprise 287 apartments across three residential buildings.

The project consists of a striking 25-storey tower, Marque, along with two five-storey low rise buildings, marketed as Alpha and Omega, comprising the most premium two- and three-bedroom apartments in the precinct.

Situated on the most elevated point of Norwest, the project will feature the most premium amenities in the growing area, including an expansive, tropical lagoon-style swimming pool, extensive lush landscaping and rooftop outdoor dining communal areas.

Stunningly designed by Turner, Infinity Park is one of Norwest most sought-after residential addresses and offers a mix of one, two and three bedroom apartments priced from $630,000.

Haitchin Group’s General Manager, Robert Tasevski, said one of Infinity Park’s greatest selling points is the enviable lifestyle it will offer residents, positioned within walking distance to the picturesque Castle Hill Country Club, with meticulously designed, generously-sized apartments and expansive balconies.

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“The project will capture some of the most far-reaching sweeping views of the Hills district, east of the Sydney CBD and west to the Blue Mountains,” he said.

The residential component of Infinity Park will soon start construction and is due for completion in mid-2025.

For enquiries or to register interest at Infinity Park, please visit www.infinitypark.com.au or call PRD Norwest on 0455 120 777.