Mulgoa Rise News

Mulgoa Rise has been specifically designed to facilitate a rich and vibrant village style community for all residents. Mulpha Norwest implements interactive programs and events that will help to build a strong sense of community. The program provides the village of Mulgoa Rise with fun and exciting new ways for residents to connect with other families, begin life-long friendships and work together to create your ideal lifestyle.

Move west pays off for land buyers

By | Community, News

By AIDAN DEVINE, Daily Telegraph 21 April 2018

THEY didn’t purchase it solely with capital growth in mind but Paul and Jocelyn Zakostelesky’s purchase of a block in southwest Sydney has proved an excellent investment. The couple purchased the land in Mulpha estate Mulgoa Rise in 2011 and built a double-storey house and a swimming pool. All up, the purchase cost them about $700,000.

“We recently had it revalued and the (value) has doubled in just five years … it was a pleasant surprise,” Mrs Zakostelesky said.

The couple had liked the area because it was close to Penrith and offered the chance to get mountain views while still being accessible.

“It was perfect for us. It is close to amenities and parks and the local shops have been expanded. We feel like we’re four minutes away from everything,” Mrs Zakostelesky said, adding that the larger blocks in the area were also appealing for their family of three children.

She credited their home’s steep value growth to the area’s increasing popularity. “I feel like we benefited by buying here before a lot of other buyers came to the area. “It is also shows the difference that quality finishes can make. When we first looked at Mulgoa Rise it did have a more prestige feel than many of the other developments we saw.”

Top spots for price rises

By | News


Home prices in pockets of Sydney’s far west have been growing at more than $2000 a day despite the rest of the city’s real estate market turning ice cold.

The latest housing market figures show the west has been insulated from the slowdown in much of Sydney due to the planned Badgerys Creek airport and a record pipeline of infrastructure projects, including the delivery of a $7 billion north-south rail link from St Marys to the airport site.

The raft of improvements have been attracting throngs of investors and owner occupier buyers to the area, creating stiff competition for the limited supply of housing available.

This has forced prices up at a pace not seen since Sydney real estate boomed between 2013 and 2016.

The most noticeable price increases occurred in the suburbs of Rossmore, Glenorie, Mulgoa and Bringelly, which are all in the vicinity of Badgerys Creek.

Median prices in these suburbs jumped by up to $975,000 over the past year, often from already high starting points. A typical Rossmore house was $2.46 million last year but is now $3.43 million, according to and CoreLogic data.

The dramatic increases meant the typical value of a property increased by $2671 for every day of the year.

Glenorie houses were typically $1,362,500 last year but have since grown to $1.875 million — a $1404 jump in prices for each day of the year.

Bringelly prices went up by an average of $2075 per day, going from a median of $2.05 million last year to the current $2.8 million.

In Mulgoa, just south of Penrith, the median went from $1.06 million to $1.44 million.

The typical value of the average Sydney home, by contrast, dropped 2.4 per cent over the same period.

The Sydney-wide price falls followed a 25.4 per cent drop in the number of people actively looking for homes to buy, along with a 23 per cent spike in the number of homeowners listing their properties up for sale.

Western Sydney’s defiance of the citywide slowdown has not gone unnoticed by local homeowners. Paul and Jocelyn Zakostelesky moved into their Glenmore Park home in the Mulgoa Rise estate five years ago and said their latest valuation showed it was worth more than double what they paid. “It was a pleasant surprise,” Mrs Zakostelesky said. “I feel like we benefited by buying here before a lot of other buyers came to the area.” chief economist Nerida Conisbee said the rises in far west home values were typical for areas where major infrastructure announcements had been made.

The announcements tended to encourage builders and potential investors to seize up greenfield development sites and houses on large blocks, she said.

“There was a similar pattern in areas like Kellyville a few years ago when the (Sydney Metro Norwest) line was announced and prices shot up,” Ms Conisbee said.

2015 Picnic in the park

By | Community


Hosted by developers Mulpha Norwest and themed ‘Picnic in the Park’, the Festival was held on the new sporting fields on Bradley Street.

Attendees enjoyed rides, entertainment, food and drinks, courtesy of Mulpha Norwest. Triple M crossed live throughout the day, and there was live entertainment and exhibitions by Glenmore Park’s premier dance studio ‘Excite Dance Co’.

Mulpha Norwest General Manager, Tim Spencer, said the company is committed to building vibrant, family friendly communities, and Mulgoa Rise is a prime example. The estate will provide a diversity of quality housing for more than 600 families.

“We were delighted to see such a strong show of community participation and support from new residents and their families and friends at the Festival,” Mr Spencer said.

2014 sporting fields opening

By | Community


Over 2000 Western Sydney residents, including new residents of Mulgoa Rise itself, joined in celebrations on Sunday to open the new Active Open Space precinct at Mulpha Norwest’s Mulgoa Rise. The precinct comprises 2 sporting fields, 2 playgrounds, picnic areas, cycle and walkways.

The fun and festivities included a free BBQ, entertainment, live music and rides. Radio 2WSFM broadcast live from the estate. Meeting first grade players from Penrith Panthers was a major drawcard for many young families. 2 lucky winners won a Gold Family Panthers membership for 2015 and a framed Panthers

Local Member for Mulgoa, Mrs Tanya Davies MP, and Mayor of Penrith Council, Councillor Ross Fowler, officially opened the new Active Open Precinct. “We’re delighted to see such a strong show of community participation and support from new residents at the Festival,” said Mulpha Norwest General Manager, Tim Spencer.


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Glenmore Park
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