Local developer, CDMA Australia, will launch sales of the final stage of $237 million landmark masterplanned community, Rosella Place this Monday 15 March, located less than 100 metres from the newly opened, Tallawong Metro Station in the heart of Rouse Hill at 56 Cudgegong Road.
When completed in late 2023, Rosella Place will comprise a total of 357 apartments built across five nine-storey towers. Sales have been relatively strong to date with just under 200 apartments now sold equating to more than $120 million in sales.
The latest and final stage, Buildings D and E, consists of 117 residences along with seven townhouses which will be brought to market for the first time this March. A mix of one, two and three-bedroom apartments will be available all featuring generously sized proportions with large balconies offering sweeping countryside views.
High demand for property in the Hills
Ray White Group Managing Director Dan White said the group had never seen higher numbers of from people inspecting properties on a per property basis in the Hills District.
“It’s currently 30-40 per cent higher than it was at this time last year, prior to Covid,” Mr White said.
“All of the short and long-term drivers of the Sydney market are positive and with infrastructure and population growth, post Covid will be as strong as ever.
“People should be very confident with the property outlook over the medium to long term. Sydney will always be a great investment for ongoing growth and the real estate market is a great place to invest. Buyers don’t want to miss out on that continued growth.
“Places like Rouse Hill while there are low interest rates and government grants available to first home buyers, it’s a fantastic time to buy. Well-designed projects such as Rosella Place with an experienced architect and a quality developer in CDMA – buyers should be purchasing around these key attributes.”
“The north west of Sydney is going through a once in a generation boom with billions of dollars of government funding being spent on public infrastructure in the region,” he added.
Ray White has opened or expanded 10 offices in the Hills district in the past three years “and all are enjoying great results” he said. “That’s how much confidence we have in the growth of the Hills,” he said.
Rosella Place is one of the first residential projects to get underway in the rapidly expanding Rouse Hill offering buyers the opportunity to take advantage of capital growth as further projects come on to the market.
Ray White Norwest’s Allen Yan who is selling the project, said Rosella Place is the first and only community-focused, large-scale project to complete in Rouse Hill and the project closest to the Tallawong Metro Station.
“The initial release of residences has been met with a strong initial market interest,” says Mr Yan.
“We have seen a significant amount of interest, mostly from young local families looking to be located in close proximity to the Tallawong Metro Station, who are also local first home buyers looking to take advantage of the huge first home buyer incentives currently available as well as low interest rates,” Mr Yan said.
“It is almost impossible for purchasers to get a product at such a competitive price, so close to station and amenities, good quality builder and with a strong track record developer. Rosella Place is the only project in the area which offers all in one.”
Substantial first home buyer incentives of up for grabs
There is a raft of valuable incentives available to first home buyers that can be applied to purchasing an apartment at Rosella Place.
The Home Builder scheme offers $15,000 on new build projects which start construction from 1 January 2021 to 31 March 2021. At Rosella Place, this is only applicable on apartments for sale in Building B which starts construction this March, while eligible first home buyers may also apply to receive the First Home Owner Grant of $10,000 from the NSW Government on apartments not more than $600,000.
The First Home Buyer Assistance scheme offers full Stamp Duty exemption on apartments up to $800,000 which equates to $36,000 in savings.
“Buying a $600,000 apartment at Rosella Place, a first home buyer could stand to save a substantial $52,000 in savings,” Mr Yan said (based on a 4.5% stamp duty estimate).
Convenience, lifestyle and affordability all key selling points
Offering a community-oriented and master-planned residential space with mid-rise buildings showcasing sophisticated design, local property developer, Rosella Place offers a quality residential community without the expensive price tag.
CDMA Australia’s Sales & Marketing Manager Jonathan Tan said Rouse Hill’s rural, country-style setting appeals to many buyers, which many of the surrounding suburbs such as Blacktown and Westmead do not offer.
“It also offers an array of excellent amenities including the upcoming Tallawong Town Centre which will include retail, childcare, public parks and cycle and walking tracks all connected to the Metro Station.
“The area has a variety of major developments and infrastructure on the horizon with the $250 million expansion of the Rouse Hill Town Centre, the new Rouse Hill Hospital and the Norwest University all to be delivered in the next coming years,” he said.
“The apartments are also impeccably designed and provide buyers the comfort of investing in a region set for growth and transformation.
Designed by local architects, WMK Architecture, Rosella Place will comprise of a total of 357 apartments across five nine-storey buildings.
Apartments at Rosella Place start from $480,000, two-bedroom apartments, $620,000 and three-bedroom apartments from $755,000. All apartments come with at least one car space.