Upsurge in property purchasing momentum

by Sekisui House on 26 06 2019 in The Hermitage

Following the outcome of the recent federal election, buyer sentiment has increased significantly at Sekisui House’s 307 hectare masterplanned community, The Hermitage, Gledswood Hills, one of the largest in the South West Growth Corridor of Sydney.

May and June delivered a 55 per cent sales uplift at The Hermitage, Gledswood Hills when compared to the previous two months (March and April). In addition, enquiry rates have also increased significantly during the first half of 2019, doubling that of the same period last year. The masterplan is fast approaching the half way mark for sales, since launching in 2012.

Craig Barnes, Sales and Marketing Manager at Sekisui House, comments, “We have experienced an overall sales uplift, post the federal election for both vacant land and new homes within The Hermitage, which we’re attributing to favourable changes within the residential market environment. Record low interest rates, political stability and APRA’s scope to relax strict lending regulations are some of the key drivers for the current optimism and evident confidence within the market.

“In addition, the billions of dollars being invested into the local region on key infrastructure and community projects is a major draw card for the area. The current level of activity from state and federal governments, as well as private enterprise is incredibly high and house hunters can see this first hand.”

He added, “Infrastructure associated with Western Sydney Airport is now progressing at a rapid pace and there are several schools within the area that are either under construction or about to commence.  The future Camden Private Hospital will form the centrepiece of a new one-stop-shop health campus, whilst key regional infrastructure projects are progressing in line with the opening of the future airport. 

“Purchasers are seeking areas that have both established infrastructure and future plans for growth in place to accommodate increasing population forecasts. The Hermitage at Gledswood Hills is strategically positioned to capitalise on existing amenity and will benefit substantially from future infrastructure activity within Sydney’s fast growing South West region.”

“Generally, buyers at The Hermitage relocate from within a 25 to 30 kilometre radius and traverse a broad demographic including first home buyers, investors, upgraders and downsizers. We have strategically delivered a diverse range of product comprising vacant land, completed homes and off-the-plan homes to cater for all buyer needs and requirements,” Mr Barnes continued.

“We are developing a thriving connected community, located within one of Sydney’s fastest growing regions, eventually delivering over 150 hectares of green open space, including two signature golf courses. Residents at The Hermitage are extremely proud of where they live and have embraced a ‘community first’ philosophy. 

Construction is well underway on Gledswood Hills Primary School, with the potential for classes to commence in 2020. The new Greg Norman signature golf course is expected to be ready next year.

Sekisui House is currently selling a wide mix of product in its latest golf side precinct, GLEDSWOOD GREENS, including vacant land, completed and off the plan homes. Four bedroom SHAWOOD homes start at $790,000, whilst vacant land is priced from $430,000.  Delayed settlements are available on selected homes and vacant land.