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The urban rejuvenation of Mount Druitt

Market Insights
2 years ago
3 minutes

Strategically located at the heart of Mount Druitt in Greater Western Sydney is the suburb’s most highly anticipated development. 

No.1 Zoe is presented by GLP Developments in collaboration with acclaimed architectural firms Architex and Jackson Teece to offer a collection of one, two and three-bedroom apartments overlooking the rapidly evolving Mount Druitt landscape. 

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Reports from property specialist agency Hotspotting has tipped Mount Druitt to be one of Sydney’s leading housing markets for price growth over the coming years. While this forecast is primarily due to the suburb’s already excellent connectivity, convenience and walk score of 70, it also considers the significant Government investments in the area. 

Western Sydney is set to grow significantly in the next five years. Mount Druitt is a key part of the Government’s vision for Greater Sydney. Named ‘A Metropolis of Three Cities’, the investment means residents within the central-city district will have increased ease of access to a broader range of employment opportunities, housing types and activities. It will also greatly improve Mount Druitt’s lifestyle and environmental assets - indicating that the suburb is prime for property purchases. 

Over the last quarter, Mount Druitt’s property values show an increase of 7.96% and a 9.59% capital gain in a 12-month period. In addition, the gross rental yield is currently at a healthy 4.29%, marking a great investment opportunity.

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Mirroring Mount Druitt’s reputation for convenience and urban amenities, No.1 Zoe spans 12-storeys above the iconic Good Luck supermarket - one of Sydney’s largest international grocers. 

Westfield Mount Druitt is a few minutes from the development, home to an extensive range of retailers, supermarkets, specialty stores, and restaurants. In March 2022, the centre will officially open its newly-built rooftop dining and leisure precinct. The $54 million addition will add more urban amenities to the venue and create a social hub for the community - injecting even more value to the location. 

In terms of connectivity, Mount Druitt is also ideally located to benefit from the emerging Western Sydney Aerotropolis in Badgery’s Creek, giving Mount Druitt residents a direct link to the new Western Sydney Airport. The metro train station is only an eight-minute walk from No.1 Zoe with an express train service that runs all day - offering access to Paramatta in 22 minutes or Sydney CBD in just under 50 minutes. Additionally, the local Council is also looking at the feasibility of a new light rail linking Mount Druitt to other Blacktown Shire suburbs. 

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While the opportunities are already quite evident, GLP Developments offers an added layer of assurance to all No.1 Zoe purchases. Their current promotion offers a 4% rental guarantee for three years. This assured rental income is enough to cover the mortgage interest for three years with the potential to provide extra cash flow. 

Both investors and owner-occupiers are offered a premium furniture package valued at up to $8,000, free groceries for one year and a $5,000 cashback to help them start the next chapter of their property journey on the right foot. 

Now is the perfect time to invest in Western Sydney, with Mount Druitt perfectly positioned to become the heart of the thriving region. Mount Druitt’s population is expected to experience a 22% growth by 2036, reaching 21,860. This, combined with the CBD redevelopment and the abundance of amenities already available at No.1 Zoe’s doorstep, offers the perfect opportunity to purchase one of these prime apartments. 

Designed for both owner-occupiers and investors, No.1 Zoe balances luxury, lifestyle, capital growth, and rental opportunities. Apartments of this calibre won’t remain available for long. For more information on how you can secure an apartment at No.1 Zoe, ahead of the suburb’s rapid transformation, click here.