Final stage of Rosella Place apartment development launches in the Rouse Hill growth area
The local developer CDMA Australia have launched the final stage of its $237 million Rouse Hill development Rosella Place.
Named after the native bird that characterises the north-western Sydney suburb, Rosella Place is set to home 357 apartments across five nine-storey towers when completed in late 2023.
So far just under 200 apartments have sold, equating to $120 million in sales.
The final stage release sees 117 residences up for grabs across Buildings D and E, a mix of one, two and three bedroom apartments. There will also be seven townhouses available in the final stage (pictured below).
Designed by local architects WMK Architecture, Rosella Place apartments start from $480,000 for a one bed, $620,000 for two-bedroom apartments and $755,000 for three bedroom apartments.
The Rouse Hill growth forecast
Many experts and agents are suggesting the Hills District is prime for a property boom, with public infrastructure projects in the pipeline worth billions of dollars.
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.
Mr White says that 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."
CDMA Australia’s sales and 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.