Once part of the greater Rouse Hill/Kelllyville, North Kellyville has been developing its own identity since its formation in 2018, attracting families looking to enter the property market in our area. As an investment, a North Kellyville property is in demand.
Let’s take a closer look at what North Kellyville has to offer.
Why North Kellyville?
Here are several reasons to take another look at North Kellyville.
1. Family-friendly environment
North Kellyville is perfect for those who enjoy a quieter suburban lifestyle without being too far removed from the action. The suburb is characterised by newer-style large family homes, making it most popular with families valuing a sense of community. Unsurprisingly, over 65% of residents are families and the median age is just 33.
2. Convenient transport links and connectivity
North Kellyville is well-connected to Sydney’s CBD and other major hubs, making it a convenient location for commuting professionals. The Sydney Metro line stops at Tallawong, Rouse Hill, meaning residents enjoy an easy commute to Norwest Business Park, Macquarie Park, Chatswood and the CBD.
For those who prefer driving, the M2 offers easy access to Chatswood and then to Sydney city.
3. Recreation space
North Kellyville’s Development Control Plan shows many areas designated for public recreation with a large area of this newly formed suburb under environmental control. Renters and residents in North Kellyville do not have to travel far to spend time in the outdoors.
4. An attractive lifestyle
North Kellyville is close to major shopping centres such as Rouse Hill Town Centre, Castle Towers and the Parklea markets. The Blacktown leisure centre at nearby Stanhope Gardens plus several gyms cater to fitness junkies and those wanting to escape the heat with families.
North Kellyville’s property market
North Kellyville’s property market reflects its desirability, particularly for families and professionals. While large four-bedroom homes are most commonly traded, the area also features a mix of two- and three-bedroom homes as well as some units. The median house price in North Kellyville is around $1,700,000 while the median price for units is $625,000
Capital growth for both houses and units is slightly down on the NSW average, which we attribute to some uncertainty about interest rates and the noise about the US election and how it might affect the Australian market.
While about 75% of homeowners are owner-occupiers, investors can expect a median weekly rent of $870 for houses and $624 for units. The 12-month growth in rents is 4.5% for houses and 6.4% for units. Yield on houses is reported to be 2.7% and 5.0% for units.
North Kellyville, appealing mainly to families in professional occupations, could be an attractive option for investors looking for a steady income stream and long-term tenants.
Important notice: The information we provide is general in nature. When looking to invest in property in North Kellyville, you should seek advice from your professional financial adviser before making any decisions. You should also consult an experienced real estate agent for advice on what tenants want in North Kellyville.
Thinking of selling or need selling advice in The Hills?
We have buyers looking for homes in Rouse Hill, Beaumont Hills, Box Hill, Kellyville, North Kellyville and Tallawong. As established real estate agents, we’re here to help. Get in touch today by calling us on 02 8883 0777.
