WHY AKORA, BOX HILL?

One of the North Wests Largest Growth Centres

In conjunction with the Metropolitan Plan for Sydney 2036, which identified the need for 770,000 additional homes in Sydney between 2006 and 2036, the NSW Government is working closely with local councils to streamline planning and development of core identified Growth Centres to ensure the strategic and efficient delivery of well-serviced, sustainable and attractive communities.

In order to accommodate the anticipated increase in Sydney’s population of 1.7 million people,

the NSW government is also contributing 70 billion AUD to ensure the successful implementation of this plan, with the biggest beneficiaries being the Growth Areas of the North West, where Akora, Box Hill resides.

The table below illustrates that, compared to other North West priority Growth Centres, Box Hill & Box Hill Industrial is the largest and has the greatest capacity to create an attractive, sustainable new community by supplying land linked to key infrastructure, employment areas, parks, health and education facilities, shops, services and public transport.

Once developed, the Box Hill & Box Hill Industrial Precincts will provide a rezoned area of 974 hectares with 9,600 dwellings for a population of over 29,700. In the meantime, 16,000 job opportunities will be created. This Growth Centre will be also supported by a major centre at Rouse Hill and be serviced by the North West Rail Link or upgraded Richmond Rail Line. When fully developed the Precincts will also feature:

  • A new town centre and 3 village centres
  • 133 hectares of employment land
  • 50 hectares of open space and recreation areas
  • Upgrades to major roads
  • New primary and high schools
  • Protection of 59 hectares of significant vegetation
  • New pedestrian and cycle link

The Perfect Location and Accessibility

Situated amongst the rolling hills of Box Hill, Akora is only a short drive to the M2 and M7 orbital, with the Norwest Business Park, Rouse Hill Town Centre and Castle Towers also in close proximity. Furthermore, the Rouse Hill Station’s North West Rail Link will open in 2019.

Box Hill also boasts a variety of existing educational facilities, with additional facilities planned to create a completely localised education system.

Proximity of existing infrastructures and facilities:

  • M7 Motorway – 16 mins
  • Rouse Hill station – 8 mins
  • Riverstone Train Station – 9 mins
  • Rouse Hill Town Centre – 8 mins
  • Sydney Business Park – 15 mins
  • Rouse Hill Public School -5 mins
  • Rouse Hill High School – 8 mins
  • Ironbark Ridge Public School – 8 mins
  • William Clarke College – 16 mins
  • The Hills Grammar – 13 mins

A Certain and Secure Investment

Consent for the Akora, Box Hill land subdivision development has been granted by the Hill Shire Council. There will not be any changes or another method to purchase land with Akora. Once you have secured your preferred lot, it will be yours.

Your down payment will be deposited in a trust account held by third party partner, Raine and Horne Concord, and will generate interest accordingly. The deposit can only be released upon settlement. Thus, your dream land or prudent investment will be secure during the whole process.

The Choice of Home Builder is Yours

Akora, Box Hill enables you to take advantage of better budget management and design preference. Offering a variety of lot sizes and no pre-existing agreements with a particular homebuilder, Akora provides you with the opportunity to find your ideal house model, and then select the appropriate lots size accordingly. Or vice versa. With lots size frontages ranging from 8m to 15m, and a plethora of design options available, whether you are downsizing or upsizing, you will be able to find the right home for you. You really can make Akora yours.

To help you with your decision, the below table provides indicative costings of Home Builds based on a variety of frontages and lot sizes.

Some examples of what can be achieved with various frontage widths can also be found below, courtesy of Rawson Homes.

Eligibility for Government Grants
The First Home – New Home Scheme, New Home Grant Scheme and First Home Owner Grant (New Home) Scheme are applicable to eligible purchasers of Akora, Box Hill. A brief insight into what these Schemes entail can be found below:

First Home – New Home Scheme

Introduced on 1st January 2012, the First Home – New Home Scheme provides eligible purchasers buying a vacant block of residential land on which to build their home will not be required to pay duty on vacant land up to the value of $350,000, and will receive concessions for vacant land valued $350,000 and $450,000.

For example, if you purchase a vacant land of $350,000, the purchase duty would be $11,240. Once you are eligible to the First Home – New Home Scheme, $11,240 of the purchase duty will be saved. If you purchase a vacant land of $380,000, the purchase duty would be $12,590. Once you are eligible to the First Home – New Home Scheme, purchase duty saving would be $7,868, which means you only need to pay $4,722 for the purchase duty.

New Home Grant Scheme

New Home Grant Scheme provides eligible purchasers a grant of $5,000 towards the purchase of new homes, homes off the plan and vacant land on which a new home will be built.

First Home Owner Grant (New Home) Scheme 

The First Home Owner Grant (New Homes) Scheme was established to assist eligible first home owners to purchase a new home or build their home by offering a $15,000 grant. The Scheme applies to new homes only and will reduce to $10,000 on 1 January 2016.

To be eligible for the $15,000 ($10,000 on 1 January 2016) grant:

  • The contract date must be on or after 1 October 2012
  • The home is a brand new home
  • You are over 18
  • You or your spouse (including de facto spouse) have never held a relevant interest in any residential property in Australia prior to 1 July 2000*

*Please note, you may be eligible if you or your spouse, including de facto spouse, have only had a relevant interest in any residential property in Australia on or after 1 July 2000 and you have not resided in that property for a continuous period of at least 6 months

  • The value of the property must not exceed the First Home Owner Grant Cap of $650,000 for contracts dated between 1 October 2012 to 30 June 2014
  • The value of the property must not exceed the First Home Owner Grant Cap of $750,000 for contracts dated on or after 1 July 2014
  • You have not received a first home owners grant in any State or Territory, unless subsequently repaid
  • You need to live in the home for a continuous period of at least 6 months
  • At least one applicant is a permanent resident or Australian citizen
  • Each applicant must be a natural person and not a company or trust