Metro stations are the latest essential on residential property investors’ wishlists as Sydney’s latest transport infrastructure unlocks the next generation of hotspots – with Castle Hill now a suburb to watch.
According to leading agency Colliers – the newly appointed agents for Carrington Place, next to the Hills Showground Metro station – smart investors are choosing properties in suburbs that offer connectivity to Metro hubs due to their strong rental demand fundamentals and potential for rapid value appreciation.
“The Sydney Metro system has effectively slashed travel times into the Sydney CBD, in many cases cutting the commute in half. There is a groundswell of tenant demand in suburbs with Metro infrastructure such as Castle Hill and this has caught the attention of investors,” said Blake Schulze, National Director – Residential at Colliers.
The $8.3 billion Sydney Metro Northwest line has already delivered an exponential boost to property values in Castle Hill since its opening in 2019, thanks to a combination of enhanced connectivity, rezoning potential, and the future delivery of additional infrastructure.
PropTrack research revealed that suburbs with a Metro station experience a surge in property values, outperforming their non-Metro neighbours. Castle Hill is testimony to this, with values rising by 72% over the last decade, while the neighbouring suburb of Baulkham Hills, saw values grow by just 49% during the same period.
Rental yields are also rising in tandem with property values, according to Real Estate Australia (REA) data. The average rental return for a unit in Castle Hill has grown by 7% over the year to April 2025, reaching an average $750 per week and reflecting a robust rental yield of 3.5%. The data also reflects strong demand for units in Castle Hill, with vacancy rates below 2%.
“Evidence suggests that tenants are increasingly seeking homes close to Metro stations, particularly professionals and working families, and this appears set to continue,” said Mr. Schulze.
According to Colliers, planned future infrastructure for Castle Hill has the potential to unlock further capital growth, with the redevelopment of the Hills Showground Station Precinct delivering new public open space, community and recreational facilities, and new retail. This is alongside a suite of new road upgrades set to be delivered throughout the Hills Shire area.
Atrium, the first stage of Ellipse Property’s $750+ million residential masterplan, Carrington Place, is testimony to the increasing investor appetite for transport-oriented units, with almost a quarter of apartment stock sold to investors to date.
The 32,000-square-metre Carrington Place masterplan is located at 36 Carrington Road, just minutes from the Hills Showground Metro station, and will deliver more than 800 new homes alongside 20,000 square metres of outdoor recreational area.
With construction underway by leading iCIRT-rated builder Decode Group, Atrium is earmarked for completion in 2026 and comprises 140 spacious apartments in a range of floorplan configurations from one- to four-bedrooms.
With one-bedroom units now sold out, prices at Atrium start from $725,000 for a one-bedroom, spanning 50-75 square metres, to $940,000 for a two-bedroom unit spanning 76-123 square metres. A three-bedroom unit, between 90 and 147 square metres, starts from $1,225,000, while a four-bedroom, 199-square-metre apartment is priced at $3,650,000.
To keep strata levies affordable, the development deliberately excludes high-maintenance amenities such as a pool or indoor gym. As a result, strata levies are as low as $650 per quarter for a one-bedroom apartment.
“Carrington Place includes a selection of considered amenities such as an outdoor gym, rooftop gardens and communal lounges, designed to foster connection with the outdoors while minimising strata costs. Residents are well serviced by nearby parklands, recreational facilities and retail hubs, such as Castle Towers shopping centre,” said Puja Khanna, Associate Director – Design, Marketing & Sales at Ellipse Property.
The development also boasts views to Cattai Creek and the wider Hills region, with a future one-kilometre boardwalk connecting the precinct to Fred Caterson Reserve.
While apartment sales at Carrington Place have been dominated by owner-occupiers, Colliers says this is a green flag for investors.
“The predominant buyer group at Carrington Place to date has been owner-occupiers, attracted to the project’s high quality and lifestyle benefits. For investors, this kind of resident mix will draw quality long-term tenants, translating to stable long-term returns,” said Mr. Schulze.
Atrium, the first stage of Ellipse Property’s $750+ million residential masterplan, Carrington Place, is testimony to the increasing investor appetite for transport-oriented units, with almost a quarter of apartment stock sold to investors to date.
The 32,000-square-metre Carrington Place masterplan is located at 36 Carrington Road, just minutes from the Hills Showground Metro station, and will deliver more than 800 new homes alongside 20,000 square metres of outdoor recreational area.
With construction underway by leading iCIRT-rated builder Decode Group, Atrium is earmarked for completion in 2026 and comprises 140 spacious apartments in a range of floorplan configurations from one- to four-bedrooms.
With one-bedroom units now sold out, prices at Atrium start from $725,000 for a one-bedroom, spanning 50-75 square metres, to $940,000 for a two-bedroom unit spanning 76-123 square metres. A three-bedroom unit, between 90 and 147 square metres, starts from $1,225,000, while a four-bedroom, 199-square-metre apartment is priced at $3,650,000.
To keep strata levies affordable, the development deliberately excludes high-maintenance amenities such as a pool or indoor gym. As a result, strata levies are as low as $650 per quarter for a one-bedroom apartment.
“Carrington Place includes a selection of considered amenities such as an outdoor gym, rooftop gardens and communal lounges, designed to foster connection with the outdoors while minimising strata costs. Residents are well serviced by nearby parklands, recreational facilities and retail hubs, such as Castle Towers shopping centre,” said Puja Khanna, Associate Director – Design, Marketing & Sales at Ellipse Property.
The development also boasts views to Cattai Creek and the wider Hills region, with a future one-kilometre boardwalk connecting the precinct to Fred Caterson Reserve.
While apartment sales at Carrington Place have been dominated by owner-occupiers, Colliers says this is a green flag for investors.
“The predominant buyer group at Carrington Place to date has been owner-occupiers, attracted to the project’s high quality and lifestyle benefits. For investors, this kind of resident mix will draw quality long-term tenants, translating to stable long-term returns,” said Mr. Schulze.
Case Study: Sean Press
44-year-old Sean Press, a lending specialist at ANZ who lives in Chiswick with his wife Melissa, recently snapped up a two-bedroom, two-bathroom apartment at Atrium as an investment. The pair immigrated from South Africa four years ago.
“We had focused on building an investment portfolio in South Africa, that we then sold when moving to Australia. The apartment at Atrium is our first Australian investment,” said Sean.
As an experienced investor, Sean knew what to look for. The project’s location –especially its proximity to the Hills Showground Metro station – was a major drawcard.
“Atrium’s proximity to the new Metro makes it really appealing, and it takes no time to get into the city, making it attractive to prospective tenants. I like the Hills Shire, and the Showground redevelopment is going to add a lot of amenity to the suburb – the location means you’ve got everything you need for a convenient lifestyle,” said Sean.
Sean selected an apartment with views to the development’s landscaped gardens and the neighbouring Cattai Creek. He also wanted to buy from a reputable developer and builder, and made sure to do his research before purchasing.
“I felt confident buying into one of Ellipse Property’s projects due to its track record and focus on quality. And with the project being constructed by Decode Group, I know that it will be built to a high standard,” he said.
According to Sean, the buying process was seamless.
“I really liked the display suite – it showed all the rooms and high-end finishes in great detail. It was very easy to deal with the Ellipse team, who collaborated with my legal team to settle the purchase, and the development really speaks for itself – it wasn’t a hard sell at all.”
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