An opportunity to invest in a 2-bedroom, 2-bathroom, 1-car park modern apartment in the highly sought after, high growth area of Mays Hill, western Sydney, with an estimated rental income of 4% p.a. and 6% p.a. capital growth.*
Mays Hill is a tiny suburb in the Westmead/Parramatta precinct, just over 20km west of Sydney CBD.
The Paperbark Apartments is an eye-catching boutique development that provides low maintenance living with high standards of design, enjoying both a quiet setting and close proximity to parks and open spaces while providing easy access to everyday essentials.
Exquisite workmanship and unique contemporary design add a touch of high class living with high attention to detail featured throughout with truly modern interiors. Around the corner from the Paperbark Apartments is a Coles supermarket as well as a row of restaurants and cafes.
*Source: Property Investment Market Report, Market Intelligence, March 2017 by Forrester Cohen International Group Limited . Please note that the return figures are estimated returns only and a not a guarantee of your investment performance
Located about 25km west of central Sydney CBD, the Parramatta and Westmead region is poised for unprecedented growth supported by a number of initiatives such as:
- NSW Government’s plans to increase its commitment to relocate about 2,600 jobs to Paramatta CBD;
- 3 ha new infrastructure redevelopment zone in Paramatta CBD for a new university campus (Western Sydney University), enhanced transport connections (tunnels to Sydney CBD and Sydney airport), the proposed light rail and Badgerys Creek Airport;
- Affordable housing projects; and
- Upgrade to sporting and cultural amenities**.
**Source Property Investment Market Report, Parramatta LGA & Westmead Health Care Precinct 2017
The location of this Paperbark development was carefully chosen to maximize convenience in all angles, i.e. a few minutes to Westmead Hospital, Parramatta’s Westfield’s, Parramatta train station and Parramatta’s CBD. Plus it is only a 30-minute drive to Sydney CBD as the M4 is only a stone throw away!
Westmead – Historical Performance information
Average Purchase Price
Median Sales Price Last 12 Months: $565,000
Median Sales Price Last 6 Months: $569,000
Median Sales Price Last 3 Months: $572,000
Median asking rent in last 12 months: $460 per week
12 Month Change in Median Sales Price: -1.2%
36 Month Change in Median Sales Price: 25.3%
60 Month Change in Median Sales Price: 50.3%
Source: The above historical performance information on residential units in the Westmead postcode has been extracted from CoreLogic Market Trends – National Report dated 10th August 2017.
Summary of Investment Opportunity
Through the DomaCom Fund, investors have the opportunity to purchase units in a sub-fund that will acquire ownership of this 2-bedroom, 2-bathroom, 1-carpark apartment at Lot 7, 8-12 Robilliard St, Mays Hill NSW with the aim to provide investors a rental income of 4% plus capital growth of approximately 6% for the next 5-10 years.
The location of this Paperbark development was carefully chosen to maximize convenience in all angles, i.e. a few minutes to Westmead Hospital, Parramatta’s Westfield Shopping Centre, Parramatta train station and Parramatta’s CBD. Plus it is only a 30-minute drive to Sydney CBD.
The area has exceptionally strong growth drivers over the medium to long term based on planned investment in roads, rail and redevelopment of the Parramatta CBD plus the Westmead Health Care precinct. This is likely to continue to attract investment and redevelopment to facilitate its delivery of world class services.
Apartments in this region are more affordable, and continued population growth is the foundation of strong rental demand and increased rental returns.
If you would like to invest in this 2-bedroom, 2-bathroom, 1-carpark apartment in Mays Hill through the DomaCom Fund, you can join this crowdfunding campaign by completing the application and lodging your investment funds through this General Advice page.
Please ensure that you first read the DomaCom Fund’s Product Disclosure Statement (PDS). For a copy of the current PDS, please click here or call your financial adviser.
When you have lodged your bid and the campaign is filled, you will receive a Supplementary Product Disclosure Statement (SPDS) outlining the specific offer to invest in the Mays Hill sub- fund, which will contain all the information required for you to make a decision. You are not bound to proceed with your bid amount for a campaign in the Mays Hill sub-fund of the DomaCom Fund until you accept the offer contained in the SPDS (which will include the specific details for the properties).
If you are new to DomaCom, click on the Apply button below to begin your application. If you are an existing DomaCom Fund investor, you can login to access your account and all the other public crowdfunding campaigns by clicking the Investor Login button below.