December 02, 2014
Glenmore Park mortgage broker Rob Lees reviews this modern, family friendly suburb.
Just a few minutes from the western Sydney regional city hub of Penrith, is Glenmore Park. A thriving, modern and family-friendly suburb offering everything that’s needed for young and growing families looking to buy a new home.
Glenmore Park was largely a rural landscape until the 1980s and later in the 1990s the area was opened up as a housing estate. It has now grown to become one of western Sydney’s most desirable neighbourhoods. Upon visiting Glenmore Park it’s easy to see why.
Glenmore Park - A family-friendly Sydney suburb
Stately, modern houses adorn tree-lined streets and birdlife is abundant in the nearby wetlands of Glenmore Park’s Blue Hills estate. Newly established cafes are a buzz with families enjoying the sunshine (I personally recommend Sapphire’s Cafe!) and the winding walkways are enjoyed by bike riders and walkers of all ages.
A Sydney suburb close to bush and a regional city
Glenmore Park has been carefully planned to provide for all your needs with a good-sized shopping centre in the middle of town along with a medical centre, child care centres, quality schools, and recreational facilities. Not far from Glenmore Park is the regional city hub of Penrith where you can access major hospitals, shopping centres, educational and recreational facilities and even go for a walk/ride/row along the stunning Nepean River. Only ten minutes away is the beauty of the Blue Mountains bush, regular grower’s markets and cosmopolitan cafes. It’s the perfect place to buy your first home!
Affordable homes in Glenmore Park, west of Sydney.
Sound like the kind of place you’d like to live? Well, thankfully homes in Glenmore Park are still quite affordable in comparison to the rest of Sydney with a median house price of $548,500*.
Homes in Glenmore Park have increased in value
If you’ve already bought a slice of real estate in Glenmore Park then you’ll be happy to know that home value has increased by an average of 13.6 % over the last 12 months and more impressively is the 37.1 % increase in house prices over the last five years.*
Rental yields of 4.3%
Glenmore Park’s property market is mainly comprised of houses and investors will be impressed to find the average rental yield is at 4.3% according to RP Data figures.* This is more than you can expect to earn on a range of other asset classes, and of course, the long term capital growth is an added bonus.
Take advantage of low interest rates
With interest rates at record low levels, now is a great opportunity to purchase property and Mortgage Choice Penrith and Blaxland are happy to help you every step of the way. Glenmore Park properties are snapped up fairly quickly, in an average 33 days* once on the market. So, if you need to get your finance ready please contact us today.
Contact Rob Lees from Mortgage Choice
Find out more about buying property in Glenmore Park by contacting Rob Lees, your local Glenmore Park mortgage broker on 02 4739 9749 (Blaxland office) or 02 4721 1733 ( Penrith office).
You can also visit our office at either suite 3/13 Hope Street, Blaxland or shop 1A, 1-3 Castlereagh Street, Penrith or online at https://www.mortgagechoice.com.au/rob.lees
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*RP Data Suburb ScoreCard, Corporate Edition. Data Set Aug 2014 published August 2014.