According to Domain's report
The North Village is a $100 million mixed use development in Kellyville. Sourced: HOME789
Kellyville’s Demographic Overview: The population is younger, employed in white-collar professions and earns more money than people living in the area did 10 years ago.
The high achiever Kellyville is set to see $867,028,000 worth of projects begin. In comparison to $216,274,000 last financial year.
A proportion of properties are sold to investors, whereas owner occupiers and first home buyers are dominating the market.
The North Village is also in the pipeline - The $100 million mixed-use project including shops, restaurants and 209 residential apartments in three towers spanning 25 metres high.
The value of residential construction projects starting in Sydney this financial year is set to be more than triple the previous year’s, according to a PRDnationwide analysis.
A massive $23.7 billion worth of residential projects will begin construction in 2015/2016, compared to $7.7 billion the year before.
Top five suburbs by total value of projects (starting construction July 2015 to July 2016)
Sydney (CBD): $771,336,000
For further information about Sydney's new hot project releases, please phone 02 9698 8818 or 1300 933 377.