House & Land
Buy before the boom: Box Hill
Before COVID-19, hit, Moody’s Analytics was predicting houses in Sydney’s north-west could experience capital gains of more than 20 per cent by the end of 2021.
While these timeframes may be thrown out a little due to the pandemic, it’s clear that property-watchers have their eye on the potential for this rapidly-expanding section of Australia’s most popular city.
A set-to-boom suburb in one of the NSW Government’s priority growth regions of Sydney, Box Hill is set within the leafy, rolling hills in the city’s north-west. It was bought closer to Sydney’s north shore and CBD when the northern Sydney Metro opened in 2019; Box Hill is a short drive from the new Rouse Hill Metro station.
While Box Hill is one of Sydney’s emerging suburbs, it still benefits from established nearby infrastructure and services including schools, shopping, entertainment and transport routes. More services are approved to be established over the next three to five years to accommodate expected population growth in the region.
Much of the area is yet to be developed, which gives buyers in 2020 a chance to secure land and build before the market escalates.
Thrive Homes, for example, has house and land packages available that fall well below the $700,000 eligibility cap for the First Home Buyer Deposit Scheme, and the $750,000 HomeBuilder grant cap. This includes single-storey and double-storey homes, on registered lots.
Locking your land in now means you’ll be ready to build months before HomeBuilder’s December cutoff, and reduce the risk of missing out on this not-to-be-repeated $25,000 Government grant to people who start building a new home in 2020.
Secure your piece of Box Hill now with one of these ready-to-roll house and land packages.