Kingswood

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The NSW Government has announced that the new $80 million Western Sydney Construction Hub will be located at the existing Kingswood TAFE NSW campus.
Minister for Skills and Tertiary Education Geoff Lee revealed the location with Minister for Jobs, Investment, Tourism and Western Sydney Stuart Ayres during a visit to the Western Sydney campus.
“The Western Sydney Construction Hub will be located on the existing TAFE NSW campus in Kingswood. It will deliver specialised training for 700 new students each year in key trade areas such as carpentry, electrical, construction and plumbing,” Mr Lee said.
“As a dedicated Centre of Excellence for construction trades, the new facility will significantly enhance education and training in the region and showcase the best of what TAFE NSW has to offer in delivering world-class, practical training linked to jobs.
“We know our State needs a strong pipeline of skilled workers to meet the demand of our infrastructure boom, and that’s why we’re significantly investing in TAFE NSW.”
Mr Ayres said the new Western Sydney Construction Hub will equip students with job- ready skills at a time when the area is experiencing an unprecedented spend in infrastructure projects.
“With its world-class facilities, expert teachers and on-site industry engagement, the Western Sydney Construction Hub will help to deliver the skilled workers needed for major construction projects such as the Western Sydney Airport and Aerotropolis, and the Sydney Metro Western Sydney Airport,” he said.
The centre will be located on vacant land and is in close proximity to public transport, employers and other community amenities.
It is scheduled to be completed in 2023.
 
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Western Sydney Construction Hub to be built in Kingswood

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Two apartment blocks in Sydney's west benefiting from the now abandoned National Rental Affordability Scheme (NRAS) have been snapped up by investors for $20 million.
The deals come amid a rise in renting due to the affordability crisis in Sydney.
The two new apartment blocks are a 20-unit property at 1 Santley Crescent, Kingswood (above), and the 25-unit block at 530-532 Woodville Road, Guildford, The Australian Financial Review reported.
The NRAS was introduced in 2008 to encourage builders and investors to provide more affordable rental homes. The scheme offers financial incentives for up to 10 years if rents are set at least 20% below market rates.
The scheme was withdrawn in 2014 after it failed to produce the target number of 50,000 rental homes and the target was reduced to about 38,000. 
According to the Department of Social Services, there are 137 housing providers, including property developers, not-for-profit organisations and community housing providers, participating in the scheme.
About 34,000 are still to be completed as at April 2017.
Online rental portal Rent.com.au recently noted the number of searching renters on its platform, increased to 125,000, or at a rate of 500 a day.
Now, with yields dropping and the rental market strong, investors are looking at projects with NRAS schemes.
The selling agents for both the projects were JLL's Dylan McEvoy and David Matthews.
"Investments like these, which still have seven to eight years of NRAS incentive payments, with a great exit strategy to sell as standard apartments at the completion of the NRAS are obviously highly sought after," Matthews told the AFR.
The trend of institutional provision of rental properties is also starting to pick up in the form of build-to-rent properties – high quality apartments built and serviced by one single corporate landlord.
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Two NRAS apartment blocks bought by investors for $20 million

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A classic sandstone Tudor style house at Kingswood has been sold for $1.29 million, making it Adelaide’s most expensive sale this weekend.
Located at <a href="https://www.realestate.com.au/property-house-sa-kingswood-124806610" target="_blank">13 Halsbury Avenue</a>, the four bedroom property is situated on the northern side of the road and has an 18 metre frontage to Halsbury Avenue.
Its traditional features have been preserved from high ornate ceilings to open fire places and traditional leadlight.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/19/13%20Halsbury%20Avenue-2.jpg" alt="" style="font-size: 12.16px; line-height: 1.3em;">
Like most Tudor style homes the formal sitting room is adjacent to the dining room and both have open fire places.
Other features includes an all weather tennis court, alfresco patio and courtside gazebo.
The property was offered through Cocks Auld Real Estate agent David Cocks.
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