Darling Harbour development makes $460 million in sales in four hours

Darling Harbour development makes $460 million in sales in four hours

All 391 apartments in the third and final stage of a Darling Harbour development sold out within four hours. More than 400 buyers turned up on Saturday from 8am for their last chance to scoop up a new apartment in the final release at Darling Square — a new $3.4 billion precinct set to revitalise Darling Harbour. The apartments ranged from $630,000 for a studio to $3.5 million for the three bedroom penthouse in the tower. The development’s two earlier housing releases also sold out within hours of hitting the market and a similar level of interest was expected before the Saturday launch. It was the first sell-out residential development in many months, as developers struggled to secure the impressive results they were used to last year. The Darling Square precinct will be a residential and creative quarter opposite another development called Darling Harbour Live and will be completed in 2019. The precinct will comprise around 1500 apartments, student accommodation, 40 retail outlets, commercial offices, the new convention, exhibition and entertainment venues and a luxury hotel. Construction is already under way and the first apartment building, commercial building and laneways are starting to take shape, with the first residents expected to move in next year. Amenities will include a heated swimming pool, outdoor gym equipment, secluded seating areas, two barbecues under a covered pergola and grassed open space. Lendlease Director Jonathan Emery, the developer behind Darling Square, said the site’s inner city location was one of its biggest draws. “They are also buying into the new Australian dream of inner city living where everything is on your doorstep,” he said. Much of the precinct will be public space, including two new squares, laneways and streets. At its heart will be a unique looking civic building that will house a proposed library and innovation centre. Published: May 26, 2016 By: Aidan Devine and Alison...

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Apartment developments: the beach at your doorstep

Apartment developments: the beach at your doorstep

Randwick’s newest development will deliver the sparkling beach culture of the east straight into the homes of future residents. Located on 4 Higgs St, Epoque will comprise of only eight luxury apartments for lucky buyers. Priced from $2 million, the homes on offer include one penthouse with three bedrooms plus study, three three-bedroom garden apartments and four two-bedders. Laing and Simmons Principal D’Leanne Lewis, who is handling the sales, said buyers will be attracted to the prospect of living in the heart of all the action. “[Epoque] is right opposite a park, it is within walking distance to The Spot at Randwick and also walking distance to Coogee Beach, shops and transport,” she said, adding that potential buyers included singles, couples, empty nesters and investors. “[Randwick] is a great burgeoning area with limited supply and the light rail going in will make it even more attractive.” Developed by Nadlan Property Group, the boutique development will feature views of Randwick parks and Coogee Beach, while beach house-inspired interiors complete the ultimate beachside lifestyle. Visit the display suite onsite, open Thursdays and Saturdays from 12:30pm to 1:30pm. For further details, contact D’Leanne Lewis on 0419 676 667, or visit epoqueliving.com.au. RANDWICK MEDIAN HOUSE PRICE: $2.171 million MEDIAN APARTMENT PRICE: $807,000 Located 6km south-east of the Sydney CBD and 2km from Coogee, residents in Randwick enjoy the best of both worlds. Living in Randwick means living only a five-minute drive away from the beach, which explains why it is traditionally considered to be one of the more affordable harbourside areas in Sydney’s exclusive eastern suburbs. But with Sydney’s property boom, even the inner-east suburb is thriving along with its more prestigious neighbours. CoreLogic RP Data figures show that houses have performed exceptionally well, with median prices increasing 22.7 per cent in the past 12 months, jumping from $1.77 million last year to $2.171 million now – a stunning capital growth of $401,000. While units saw a more moderate growth of 10.8 per cent, Randwick’s desirable location has pushed up demand for local property, shooting apartment sales up to 422 transactions in the...

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This new development represents the best of the inner west

This new development represents the best of the inner west

Erskineville’s new high-end development Casa Residences is on track to becoming the local architectural icon of luxury. Located on 1a Coulson St, the residential development will comprise of one-, two- and three-bedroom apartments, with prices starting from $690,000. For those curious about what defines “luxury”, the apartments will be fitted with European SMEG appliances, stone dining counters and custom joinery. A communal entertainment area lies on the rooftop. Mark Peterson, from Sydney Sotheby’s International Realty, the agency handling the sales, commented that Casa Residences presented the ultimate luxury of inner-city living. “Urban living has been taken to bold new heights in Erskineville, with award-winning architects, Bates Smart, delivering both luxury and abundance of space,” he said. Another major appeal of the homes, developed by Shimao International and B1 Group, is that it will be well-connected to the city and beyond, Mr Peterson said. “The Casa site is in a convenient location for workers who commute to the city. It is 4.5kms from Sydney’s CBD, allowing city workers to arrive at work within 30 minutes via public transport or car. “For families with a child studying at UTS and University of Sydney, this is a very popular location as it allows students to spend less time on travel and more time on studying. “The residential apartments are within walking distance to Erskineville train station.” For more details, call 1300 879 098 or visit casaresidences.com.au. ERSKINEVILLE MEDIAN HOUSE PRICE: $1,215,000 MEDIAN UNIT PRICE: $721,500 Erskineville (or as the locals like to call it “Erko”) sits about 3kms south of the city. The inner-city suburb is predominantly residential, with most of the retail amenities clustered around the train station. The area has not seen as much development as its inner-west neighbours and the mix of property types are mainly terraces and low-rise apartments. However, developers are slowly entering the market. The laid-back town is popular with young professionals for its proximity to the CBD and Newtown, as well as the variety of bars and cafes. It is also well-connected to public transport, with the local Erskineville station serviced by the T3 Bankstown line,...

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