Mulpha Wins Approval for $1bn Norwest Masterplan

  • By Peter Gordon
  • •
  • 08 Jul, 2020

Here's great article about the new master planned residential development approved for Western Sydney. If you've been thinking of purchasing your first home in Sydney, there's never been a better time. If you're eligible you may be able to receive the Federal & State grants, stamp duty concessions and rebates to assist you in purchasing your own home.

Approval for a $1 billion Western Sydney residential masterplan featuring nine high-rise towers, ranging from eight to 26-storeys, has been fast-tracked by the New South Wales government.

Development giant Mulpha will now move ahead with the first stage of a broader $3 billion transformation of one of Sydney’s largest business parks in Norwest, set to include new apartments, retail spaces and commercial towers.

The approval comes as part of the NSW government’s latest tranche of fast-tracked projects, aimed at stimulating construction and assisting in a state-wide economic recovery.

Mulpha, which has held interests in Norwest for more than two decades, plans to divide its 377-hectare masterplanned site into three new areas.

The first, The Greens, will be built on three hectares of landscaped parkland and will include a new residential town centre.

The project will deliver a total of 864 residential apartments, located at 40 Solent Circuit, with Mulpha planning for 200 apartments initially.

The new precinct will be located within 500 metres of the new Norwest Metro Station.

The Greens will include more than 6,000sq m of commercial space, cafes, restaurants, a gym, medical services and childcare centres.

It will also include a public plaza, amphitheatre and a performing arts stage as part of the development.

Mulpha general manager Tim Spencer said the shovel-ready project would lead to a world-class innovation, lifestyle and economic hub, encompassing all the features of a “smart city”.

The Norwest Business Park currently houses 6,000 residents and 800 businesses, as well as the headquarters of Hillsong Church.

Mulpha’s further plans at Norwest beyond The Greens include a new retail centre to provide 1,000 apartments and 110,000sq m of retail space and a 400,000sq m of commercial, retail, health and retirement precinct known as The Valley.

The Malaysian-backed developer also has plans for a university building—The Librarium—set to comprise a district library, innovation incubation hub, university campus and a rooftop area for the broader community.

The developer is also planning to revitalise Norwest’s network of walkways, cycleways and other local infrastructure, contributing $20.74 million.

Article courtesy The Urban Developer 23/6/20

If you've been thinking of purchasing your first home in Sydney, there's never been a better time. If you're eligible you may be able to receive the Federal & State grants, stamp duty concessions and rebates to assist you in purchasing your own home.

Contact us we will show you how you can access the following in NSW and what you need to do.

 - $25,000 Homebuilder Grant

 - $10,000 First Homeowners Grant

 - Stamp Duty concession up to $24,682*

To organise a Zoom meeting with Peter click here

* Based on a $600,000 off the plan purchase

Introducing The Palms Estate, Cairns - The Northern Beach's Premier Address

By Peter Gordon • April 26, 2023

Quiet simply, the Palms is the place to buy!

The northern beaches of Cairns is the Nation's best location for property investors right now, and The Palms is the premier development in this boom region.

It has the best location being elevated and backing onto the rainforest. It will have amazing facilities with a shopping village, a primary school, parks and green open space, a water park and an expanse of wildlife corridors.

It has taken the developers three years to get planning approval for this unique development to be able to hit the market. There are only 300 lots spread across 85 acres of the best land in The Northern Beaches.  Residents will have an abundance of open space right at their doorstep.  The Palms is also the only Certified Enviro Development project in Far North Queensland.

> Cairns Snapshot

In the rivalry between Sydney and Melbourne, the winner is ... Brisbane

By Peter Gordon • April 20, 2023

Sydneysiders and Melburnians, put aside your equally outstanding flat whites for a moment. Stop bickering about whether great beaches beat cool laneways (they do) and desist from debating whether all baristas require waxed moustaches (ideally).

Because Brisbane is closing in on the title of Australia’s best city, and we must join forces to keep this subtropical upstart in its place.

Time  magazine recently named Brisvegas on its “World’s Greatest Places” list, and omitted our cities. It’s a huge shock (and who knew they still published Time  magazine?). But they might be onto something.

Time  points to the 2032 Olympic and Paralympic Games, which will be hosted in the maroon metropolis. Brisbane will do a fine job, even though it’ll baffle the world when rugby league is added to the schedule and Queensland is allowed to field its own team.

Time’s  most radical claim is that Brisbane is worth visiting now, but tourism is surging. Not only did Lin-Manuel Miranda recently drop in to catch Hamilton , but hundreds of Hamilfans flew up to watch his interview with Leigh Sales (presumably unaware that it would subsequently arrive on iView for free).

Incredible Lifestyle At An Affordable Price  Equity of approx $390K on completion

By Peter Gordon • April 6, 2023
This small duplex development just a short drive from Hervey Bay on Queensland’s beautiful Fraser Coast, offers an incredible lifestyle at an affordable price. With unprecedented demand and very limited supply, prices look set to skyrocket.

A leading local agent has appraised each side of these duplex's to be worth $665k on completion and rent for $495 per week. So that is massive potentail instant equity of up to $390K on completion, which is incredibly hard to find.
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