Four low-density residential development sites in Sydney have recently sold in separate transactions totalling nearly $16 million, demonstrating the strong buyer appetite for the property type in the current market.
The sales included:
- Hipwell Avenue, North Kellyville ($4.95 million) – A vacant 3,371sq m rectangular-shaped landholding directly opposite North Kellyville Public School and in close proximity to the North Kellyville Town Centre. It purchased by a private buyer at auction following a campaign run by Knight Frank’s Jeff Moxham and Mark Litwin, who acted on behalf of the NSW Government.
- Site 1, Precinct 9, Edmondson Park ($5.805 million) – A 5,759sq m triple-street frontage site situated 700 metres from Edmondson Park Railway Station. It was purchased by a private buyer at auction following a campaign run by Knight Frank’s Jeff Moxham, Mark Litwin and Joshua Baruch on behalf of Landcom.
- 100–102 Fox Valley Road, Wahroonga ($2.96 million) – A substantial 6,861sq m land parcel positioned within the affluent Ku-Ring-Gai district. It was purchased by a private buyer under the hammer following a campaign run by Knight Frank’s Jeff Moxham and Joshua Baruch in conjunction with McGrath’s Adam Ross, on behalf of the Department of Transport NSW.
- Lots 70-73 Windsor Road, Baulkham Hills ($2,090,909) – A prominently positioned 2,472sq m site benefiting from exposure to Windsor Road, a key arterial connecting Norwest, Castle Hill and the broader Hills district. It was purchased by a private buyer at auction following a campaign run by Jeff Moxham of Knight Frank on behalf of Transport NSW.
All four sites have zoning allowing flexibility for a range of low-density residential development outcomes.
Mr Litwin said all four development sites sold following competitive sale campaigns, reflecting continued buyer demand for well-located landholdings with residential development potential.
“The Kellyville, Edmondson Park and Baulkham Hills sites are in high growth locations experiencing sustained population growth and infrastructure investment, which offered buyers the upside of future growth, as well as strong demand for residential end product.
“The Wahroonga site offered a chance to snap up a significant premium residential landholding in Sydney’s tightly-held Upper North Shore. With very little undeveloped land remaining in Wahroonga, opportunities of this type rare, which was clearly reflected in the level of competition at auction.”
Situated within the North West Growth Area, the North Kellyville property benefits from strong connectivity, with close proximity to Rouse Hill and Kellyville Metro stations, providing direct access to key employment hubs across Greater Sydney. The site is also well serviced by established retail amenity, education facilities and recreational infrastructure.
Situated in one of Sydney’s most sought-after suburban markets, the Wahroonga site benefits from close proximity to services, including premium schools, retail amenity, healthcare facilities and public transport, being situated 1.7 kilometres from the Warrawee Train Station and directly opposite local bus services.
Edmondson Park is strategically positioned within a government-backed growth precinct in the Liverpool Local Government Area, one of Sydney’s fastest-growing residential corridors. It is close to 150 hectares of regional open space, Edmondson Park Public School and is anticipated to benefit from future transport upgrades including east-west connectivity linked to the Western Sydney Airport via planned transport corridors.
Baulkham Hills is well serviced by surrounding residential catchments, nearby Metro stations at Norwest and Castle Hill, and established retail and employment hubs, underpinning its long-term residential appeal.
Mr Moxham said the sales demonstrated there was ongoing strong buyer appetite for residential development sites in the current market.
“This sector continues to perform well, underpinned by a shortage of housing supply relative to demand, which is resulting in high buyer interest in end product,” he said.
“The fact that all four sold under auction conditions demonstrates the strength of the sector.
“The most recently sold property at Edmondson Park saw fierce competition with more than 80 bids before the hammer came down.”
Mr Baruch said: “Low density sites are particularly sought after in the current environment, with developers able to make these stack up feasibility wise, while in established residential areas they also attract demand from high-net-worth-buyers looking for a site on which to build a premium home.
“We expect the strong demand we have been seeing for low density residential development sites to persist for at least the duration of this year.”
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