Property Research and Investment Solutions

Development Summary

Bridge Apartments is a boutique development consisting of 30 new apartments in Westmead, 3kms from the Parramatta CBD. Bridge Apartments offers a range of 2 bedroom apartments with basement parking. The development is constructed over three storeys and offers a range of different floor-plans. Located at the head of the Parramatta River, 24 kilometres west of Sydney’s CBD, Parramatta City is currently experiencing an exciting period of change and redevelopment. As a major transport, social service, retail and cultural hub, Parramatta is core to the development of Western Sydney. Parramatta is a dynamic mix of cultural heritage, convenience and economic opportunity with a growing economy that will boost employment and population growth.

Location Analysis

Westmead is located just 3kms west-north-west of the Parramatta CBD. The region was the first viable European settlement in Australia and holds a significant place in Australia’s history due to its cultural heritage12. It is interesting to note that Parramatta is the second city to be founded in Australia and has more heritage listed buildings than the rocks. Located at the head of the Parramatta River, 24 kilometres west of Sydney’s CBD, Parramatta City is currently experiencing an exciting period of change with massive redevelopments underway. As a major transport, social service, retail and cultural hub, Parramatta is core to the development of Western Sydney. As a surrounding suburb, Westmead is expected to benefit directly from the ongoing development in Parramatta. The property market in Parramatta and surrounding suburbs such as Westmead, Northmead and Oatlands experienced exceptionally strong growth in the last property boom. Despite minor corrections in the years following the peak of the property cycle in 2003 all leading indicators are pointing to a market that is set to take off.

Unit Summary

2 Bedroom + 2 Bathroom + 1 Car Space Apartments available from $379,000. Expected Rental Return: $370 - $420 / week

Take Action!

If you would like to find out more about this investment, obtain a copy of our full research report or make an investment in this development, please contact the Marshe Group office on (02) 9231 5758 or email invest@marshegroup.com.au