First-home buyers given preference in Riverstone’s new housing estate

By Lawrence Machado, Rouse Hill Times

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Nicole and Will Cartwright in front of their new home in Riverstone. Pictures: Carmela Roche

Nicole and Will Cartwright, who have lived in The Hills all their lives, are moving into Garfield Rd East’s new housing precinct, capitalising on the developers’ preference for first-home buyers.

They are living with Mr Cartwright’s parents in Baulkham Hills while building their first home in Riverstone and said they were lucky to get into the market when they did.

The couple purchased a 370m2 block of land in October 2013, when the estate was among the first to be released in Riverstone.

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The new housing development at Riverstone.“We researched plans for the area by looking at council and State Government information to ensure there would be future growth in both our community and property value.

“We definitely struck it lucky buying the land when we did as prices have almost doubled in the two years since we purchased it.”

The housing estate is being sold by The Hills-based Elderton Group, which is releasing 35 house and land packages from Saturday, March 5.

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Houses are coming up at the new development in Riverstone.

Nicole and Will Cartwright are delighted they got in before the housing market took off.Elderton’s sales and marketing manager John Castellano said the property is well suited to lifestyle needs of first-home owners.

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House and land packages start from $579,000 with lot sizes ranging from 250 – 440 sqm. A mix of three and four bed homes are available.

The rise in property prices over the last few years has made buyers more price conscious than ever before, particularly the first homebuyer market, Mr Castellano said.

They are often pushed out of the market by price and other purchasers with deeper pockets.

Elderton’s homes have been very popular with first home buyers living in the Riverstone area.

The North West corridor is one of the fastest growing areas in Sydney and we intend to be a significant part of that growth.

Developers said the new housing is 850m from Riverstone Public School, Riverstone High School and Norwest Christian College and within a 10 minute commute to Riverstone train station, Rouse Hill Town Centre, Norwest Private Hospital and the future Rouse Hill train station.

Article originally published online at Rouse Hill Times

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