CHERRYBROOK
Location Report
A report jointly published by
And
For more information, contact:
Angelo Lambropoulos
Suite 18/6-8 Old Castle Hill Road
Castle Hill NSW 2154
Ph: (02) 8628 7128
Email: [email protected]
www.LambrosRealty.com.au
CHERRYBROOKPRECINCT
MetropolitanSydney,NSW
Highlights
•
•
•
Strong population growth
$2.6 billion NorthConnex
Highly consistent sales rates
•
•
•
$8.5 billion North West Rail Link
Expanding north-west corridor
Low vacancy rates
Suburb-houses Typicalprices Suburb-units Typicalprices
Cherrybrook
$1,225,000 Cherrybrook
$950,000
Dural
$1,123,000 Dural
$423,000
WestPennantHills $1,308,000 PennantHills
$534,000
The Cherrybrook precinct in the north-west of
Sydney can expect to benefit from the impact of
theNorthWestRailLink.
The link is the biggest transport infrastructure
project in NSW since the construction of the
SydneyHarbourBridge.
Anumberofservicehubsareexpectedtoemerge
aroundeightnewstations–includingCherrybrook
–thatwillbebuiltaspartoftherailproject.
The area surrounding these new train stations is predicted to provide 28,800 homes and
49,500jobsby2036.
Location
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25-35kmnorth-westofSydneyCBD
ConnectstotheM2andCBDviaNewLineRd
Train stations on the T1 Sydney metro train line are located at Pennant Hills and
Beecroft
NeartheproposedNorthWestMetroLink
LGA:HornsbyShireCouncil
TheHornsbyShirehasevolvedintoaprecinctmorenotedforitssmall,individualbusinesses
rather than multi-national conglomerates. The Shire has 10,000 business establishments,
whichprovide40,000jobs.
In Cherrybrook, outside of the health and education sectors, which employ 22%, a large
portionofemploymentisdrivenbyretailandservices(10%).
Most Hornsby businesses and employment are concentrated in Hornsby, Pennant Hills,
Thornleigh, Carlingford and Epping. Hornsby has one of the highest levels of home-based
workintheSydneymetropolitanarea.
ThereareplentyofschoolsservicingCherrybrook,includingseveralpublicschoolsandthe
Cherrybrook Technology High School – the largest government high school in the state –
with2,000students.
HornsbyShireisservicedbytheHornsbyKu-ring-gaiHospitalwhichhasundergoneseveral
majorredevelopmentstotaling$59millioninrecentyears.
TheShirehas194hazonedformanufacturing,whichsupportsabout6,000jobs.Themajor
industrialprecinctsarelocatedatMountKuring-Gai,Asquith,WaitaraandThornleigh,while
commercial centres include Hornsby, Epping, Pennant Hills, Carlingford, Thornleigh and
DuralServiceCentre.
The Hornsby Aquatic and Leisure Centre, which was built for $24 million in 2014, has
received 3,500,000 visitors since it opened. There are many other sporting facilities with
soccerandcricketovals,tenniscourtsandabaseballpark.
Property Profile
Properties in the Cherrybrook precinct are
Hornsby LGA building approvals
establishedandlikelytobelargerbrickhomeswith
Year Houses
Units
Total
4+ bedrooms, while acreage properties are
2015
345 1,550 1,895
commoninDural.
2014
241
919 1,160
2013
209
321
530
Source: ABS
The unit market is small, accounting for 9% of
dwellingssalesinthepast12months.
Demandforpropertiesinthisprecincthasgenerallybeensteadysince2006,butwithsome
upsurgebeginningin2013.Thiscoincidedwithanincreaseinbuildingapprovalsacrossthe
HornsbyLGA.
Dwelling types
Cherrybrook
features
in
Suburb
Separate
Units &
4+
Hotspotting’s most recent Price
houses
t/houses b/rooms
76%
24%
44%
Predictor Report (November Cherrybrook
Dural
85%
13%
62%
2015)asoneofthenationaltop
W. Pennant Hills
90%
10%
72%
50locationsforconsistency.
Source: 2011 Census
Generalinfrastructure ParramattaCityCouncilhasrecentlyundertakena$1millionfeasibilitystudyintoalightrail
project.TheCouncilisnowcallingontheStateandFederalGovernmentstofundabusiness
studyforalinefromParramattatoMacquarieParkandanothertoCastleHill.
Anothertransportprojectisthe$1billionWesternSydneyRailUpgradeProgramaimedat
relievingCBDrailbottlenecks.ThisincludestheT1Westernline,whichrunsfromthebase
oftheBlueMountains,intoCentralStationandacrossthenorthshore.
INFRASTRUCTURE–TRANSPORT
Project
NorthWestRail
Link
NorthConnex
Motorway
SydneyMetroline
extension
Newtrainstation,
Kellyville
Newtrainstation,
BellaVista
Value
$8.5billion
23kmraillinkand
eightnewstations.
Status
Underconstruction.
Expectedtobe
operationalby
2019.
$2.6billion
Underconstruction.
WouldlinktheM1 ContracttoLen
PacificMwyat
Leasewas
Wahroongaandthe announcedin
HillsM2Mwyat
February2015.
PennantHillsRd.
$8.3billion
Proposed.
Anewmetroline
Wouldbe
wouldrunfrom
operationalby
RouseHilltoEpping. 2019.
TBA
Approved.
PartoftheNorth
Siteclearancehas
WestRailLink
begun;construction
duetobegininlate
2016.
TBA
Approved.
PartoftheNorth
Tunnelboringhas
WestRailLink
begun;construction
tobegininmid2016.
Impact
Jobs:
16,000construction.
Economicbenefit:
$25billion.