Land lots worth $1.3 billion in Sydney's Box Hill released to home buyers

Land lots worth $1.3 billion in Sydney's Box Hill released to home buyers
Land lots worth $1.3 billion in Sydney's Box Hill released to home buyers

The Hills of Carmel released 2,000 lots of housing land in the recently rezoned Box Hill in Sydney's north west, worth more than $1.3 billion.

The ribbon cutting on May 13 was done by Ray Williams, MP, Member for Castle Hill and Parliamentary Secretary to the Premier for Western Sydney, with other VIPs also attending. Among those present was Bob Welsh, property development consultant for The Hills of Carmel.

The Hills of Carmel, a master-planned community on 223 hectares sub division, has all services currently enabled on site and housing construction will begin in 2017.

Blocks on sale start at $390,000 for 300 square metres, with additional lots available for purchase at 375, 450 and 550 square metres. 

Slated to include playing fields, a shopping centre, schools, and outdoor space, the development will create thousands of new jobs and inject an estimated $700 million into the local economy.

The land, first owned by Governor William Bligh, has been used in past for orchards, dairy farms and the pioneering breeding of Brahman cattle stud, according to a recent article in the Daily Telegraph.

Development is now being handed by descendants of Albert Scheinberg, who purchased the major part of the land in 1960, it said. 

The event was held at 43 boundary road, Box Hill.

Tags: 
Sydney Residential Development

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