Surging demand for land in established Sydney suburbs has seen 95 per cent of lots sold in the first release of Canvas at Bonnyrigg.

A total of 210 land lots and six terraces will be developed as part of the renewal of the Bonnyrigg Estate, a groundbreaking urban renewal project by national property and construction group Traders In Purple, in partnership with NSW Land and Housing Corporation.

Traders In Purple has fielded 100 inquiries a week for Canvas where lots in the newly launched second release are priced from $598,900. According to the Urban Development Institute of Australia (UDIA), Sydney’s median lot price rose to $716,000 in 2022.

Along with lots for the private market, 65 freestanding homes, terraces and apartments will be constructed for NSW Land and Housing Corporation dedicated to social housing.

Traders In Purple will also deliver a landscaped 9,000sqm junior play park with picnic areas for families and a combined basketball and handball court. A 1,100sqm extension to Bunker Park will enhance enjoyment of the existing children’s playground, recreational and picnic facilities and bicycle loop, all within walking distance to Canvas land lots.

Street landscaping will meet tree canopy targets to create a cooler and more sustainable neighbourhood, helping to reduce the urban heat island effect.

Traders In Purple Director Charles Daoud said Canvas represented a more enlightened and equitable approach to building new communities, irrespective of tenure.

“We are extremely proud to be working with the NSW Government to deliver the next phase of the Bonnyrigg Living Communities project,” said Mr Daoud.

“It provides opportunity for families to buy land and build new homes in an area with established infrastructure – the schools, transport, shops and community assets that are often absent on the urban fringe.

“Affordable rental housing delivered as part of the Bonnyrigg renewal is critical but it is also important that private ownership of homes in well-located suburbs is attainable.”

The majority of buyers to date are from the local area and nearby suburbs of Fairfield, Smithfield and Canley Heights with an even split between upgraders and downsizers, first home buyers and investors.

“The Bonnyrigg renewal is an ambitious and innovative move by government to deliver community housing free of stigma with the benefit of excellent urban design and planning,” said Mr Daoud.

“Bonnyrigg was the first mixed tenure public private partnership renewal in Australia when it was launched almost 20 years ago by the Carr Labor government. Traders In Purple will carry that legacy forward adding to the great work that has been accomplished by NSW Land and Housing Corporation so far.”

For more information about land sales and house & land packages offered by local builders, visit https://liveatcanvas.com.au/

All images are Artist’s impressions – indicative only and subject to change.