Written by: Dr Andrew Wilson
A market report prepared by My Housing Market Chief Economist and property commentator, Dr Andrew Wilson has found growth areas such as Sydney’s North West are continuing to provide positive property metrics including leading prices growth and clearance rates.
“The Sydney housing market has maintained its strong revival through the first half of 2023 with the north west reporting the strongest regional price growth over the past year,” Dr Andrew Wilson said.
“With Sydney home values still just below the peak results recorded over March last year, buyers will continue to take advantage of the value opportunities that remain in the local market – particularly in high demand areas to the north west of the city.”
Infinity Park, in the heart of Sydney’s rapidly expanding Norwest, is the most premium residential development currently on the market being developed by property developer, Haitchin Group. It boasts an array of spectacular resort-style amenities for residents to enjoy including a glamourous lagoon-style pool surrounded by lush tropical landscaping.
Overlooking the picturesque Castle Hill Country Club, Infinity Park will comprise 290 apartments across three residential buildings. The project consists of a 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.
A seven-storey commercial tower, Infinity Commercial, is situated opposite the residential buildings and comprises 95 strata commercial suites including a 193sqm signature rooftop fine-dining restaurant by acclaimed hatted chef, Joshua Mason. Haitchin commenced construction on the commercial tower in September 2022.
PRD Norwest Director David Inkster who is managing sales of Infinity Park, said: “Dr Wilson’s Norwest Market Report unequivocally reinforces our position that Norwest is one of the best performing markets for purchasers to invest based on the lack of supply of housing, population growth, new infrastructure such as hospitals and rail, and immigration increasing into Sydney.
“All of the economic drivers are there. Price growth and sales continue to be strong, clearance rates are high, rental yields are higher than other areas and vacancies are low,” he said.
“Infinity Park is certainly one of the most premium mixed-use communities in Norwest. The project has received strong interest already with local downsizers not wanting to miss out on the opportunity to live here,” he said.
Situated on the most elevated point of Norwest, Infinity Park will offer The Hills District’s finest elevated panoramic views and featuring extensive lush tropical landscaping, it will be Norwest’s greenest residential community, centred by a Balinese-inspired, tropical lagoon-style swimming pool – the largest in Norwest.
Stunningly designed by Turner, Infinity Park will become 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, positioned within walking distance to the picturesque Castle Hill Country Club, with meticulously designed, generously-sized apartments and balconies, designed with downsizers in mind and those looking for more space than the average apartment in Sydney.
“The larger style two and three bedroom apartments will cater to local downsizers looking for a stunning new home, close to all amenities including the Castle Hill Country Club as well as the Norwest Metro station, Norwest Shopping Centre and local schools.”
The residential component of Infinity Park is due for completion in mid-2025 with the commercial building completing earlier in April 2024.
For enquiries or to register interest at Infinity Park, please visit www.infinitypark.com.au or call PRD Norwest on 0455 120 777.