A new housing estate at Rouse Hill is set to be fast-tracked after its developer received $50 million in capital from a US-based investment firm.
Clearstate are behind a new three-stage residential community under construction on Tallawong Rd, positioned a 10-minute walk to the future Sydney Metro North-West.
Clearstate managing director Dean Willemsen said the company is excited about what they will be able to achieve over the next five years.
The capital will help them deliver more than 1,700 additional homes across the Sydney, Melbourne and Brisbane markets.
“Our partnership with Avenue Capital Group ensures we can now achieve our future objectives, which include delivering outstanding levels of customer service and addressing the sustained housing supply gap that is affecting affordability in both Sydney and other parts of Australia,” he said.
It is the first time the company has completed major capital raising since it was created in 2011.
The Rouse Hill site is being developed in three stages and is currently selling off-the-plan.
It has already attracted strong interest from owner-occupiers living within a 10km radius who are looking to upgrade.
Vacant allotments range in size from 252sq m to 413sq m and are priced from $499,000.
Civil construction will commence mid-next year on stage three of the estate which is set to include 34 house and land packages by builders Elderton, McDonald Jones and Tribeca.
These will be turnkey ready with fixed pricing from $777,000 — including fencing and driveways.
Clearstate general manager Steve Barlow said packages offered clarity around costs and gave buyers certainty in the current market.
They had also been designed to streamline the construction process.
Buyers will be able to work directly with the builder to ensure their new house is designed specifically for them and their lifestyle.
“People are more considered and are making sure the purchase of the house and land or land is right for them,” Mr Barlow said.
“What they come back to are the amenities of that area, the train station, which is due to open next year, will be a game changer.
“The good thing about where our project is there is the new element with the train but we are also not far from The Ponds and the Rouse Hill Town Centre, so there is existing infrastructure — it is has best of both worlds.”