Five new apartments in Parramatta from $405,000
With the Parramatta CBD set to undergo a major transformation over the next five years, the area is seeing unprecedented levels of private investment in property.
“Outlying suburbs such as Parramatta and Liverpool are developing into regional cities, and with improved infrastructure in the works, there is likelihood we will see significant population growth in these areas further from the CBD”, property expert Michael Yardney said.
But why invest? The Parramatta area is ideally located in a growth area, home to a broad range of industries and only a 30-minute train ride from the CBD.
According to Smart Property Investment, the area’s gross rental yield for units sits at 3.8 per cent, almost double the rental yield for houses in the area, which sits at 1.96 per cent.
The suburb will soon service residents with a new light rail between the CBD and Western Sydney airport.
Urban takes a look at five apartments within the council area, starting from $405,000.
1. The Retreat, Lidcombe
Address: 11 Carter Street, Lidcombe NSW 2141
One-bedroom apartments from $568,000
Offering families a practical sense of home in the rapidly evolving lifestyle hub of Sydney Olympic Park, the 22-storey Retreat development delivers timeless design and functional layouts.
Delivered by Meriton, the curvaceous glass towers form powerful landmarks on the suburb’s skyline.
Among the resort-style, master-planned community’s multiple leisure facilities include an aquatic centre, tennis centre and adventure parks.
Close-by Parramatta CBD and a 20-minute train from the Sydney CBD, Aura provides enviable employment opportunities to its residents.
2. 180 George, Parramatta NSW 2150
Address: 180 George Street, Parramatta NSW
One-bedroom apartments from $502,000
Another Meriton development, 180 George brings together beautifully curated residences with rich lifestyle amenity across two slender towers.
The 767-apartment development is designed by architect Woods Bagot and features communal open space, a sundrenched podium terrace and a barbeque area.
Rooftop podium gardens, encompassing a 1,200sqm area, a childcare centre and a major national supermarket chain are also included in the site.
The towers are estimated to reach completion in December 2021.
3. Riva, Parramatta
Address: 30 Charles Street, Parramatta NSW 2150
One-bedroom apartments from $405,000
Situated on a premium riverfront location, Riva offers residents spectacular water views and plenty of natural light.
Riva forms part of the future 180 George mixed-use precinct and offers 146 studios, dual-key and oversized residences in one, two and three-bedroom configurations.
The development features high-quality LED lighting, frameless glass showers, contemporary marble-inspired feature walls and spacious floorplans.
4. Moseley, Carlingford
Address: 17-21 Moseley Street, Carlingford NSW 2118
One-bedroom apartments from $550,000
Close-by Epping Station, the affordable Moseley project delivers 41 one, two and three-bedroom apartments that match the needs of families, downsizers and young professionals.
Developed by H&T Group, the project boasts contemporary design, modern silhouettes, a gym, communal entertaining areas and an electric charging dock.
Each apartment features timber floorboards, reconstituted stone benchtops and Miele kitchen appliances.
It is located in close proximity to some of the best secondary schools in the country, such as James Ruse Agricultural College, Tara and The King's School.
5. The Galleria, Parramatta
Address: 23-29 Hassall Street, Parramatta NSW 2150
One-bedroom apartments from $589,000
Nucorp’s Parramatta project, The Galleria, delivers 140 one and two-bedroom residences in Sydney’s second-largest CBD.
Designed by Architex, the Galleria puts you front-row and centre for the exceptional growth, gentrification and cultural change that Parramatta is currently experiencing.
Residents can enjoy a private podium garden or the Church Street dining scene, while onsite commercial spaces at ground level provide a variety of retail offerings.
All apartments come with basement security parking, secure storage spaces, quality SMEG appliances and designer bathrooms.