Why to act quickly when buying off the plan in Sydney
Never has it been more important to act quickly, than when buying off the plan properties. Sydney alone has seen some incredible sell-outs over recent years on some of its latest most-desired projects, of which some developments sold out completely in just 4 hours!
Below are just some of the few projects that have seen record sales:
Developed by Stamford Land Corporation, Macquarie Park Village situated close to North Ryde and the Macquarie University contains seven planned buildings, of which The Sydney; a 23-level tower is the final tower that was released to the market in March 2014. Incredibly, out of the 152 apartments for sale, only 35 were left after VIP release with prices for these units starting from $635,000. This development once complete, will house over 1,000 residents.
On the other side of the water in Bondi Junction, AQUA, developed by Leighton Properties sold its 129 apartments in just 4 hours in late May 2014, making over $130 million in sales. With keen interest from over 2,000 people for apartments within this 20-level boutique building, there was an extreme level of competition for apartments with incredible views of either the Sydney CBD skyline and Sydney Harbour and Opera House, as well as spectacular ocean views.
Another development overlooking the harbour with record sales includes the Bridge Hill Residences, developed by the Bridge Hill Group. Based in the idyllic location of Milsons Point, these apartments are blessed with stunning and picturesque views overlooking Lavender Bay and Kirribilli. Upon its release in early November 2013, nearly all of its 126 luxury units within the 18 storey harbourside building sold out, with a remarkable $140 million worth of units selling out in just two hours.
The above three examples show just how important it is to move quickly once you have decided that the project is well suited to your lifestyle and budget, as apartments can literally sell like hot cakes. Avoid missing out on your next property purchase by speaking to one of our Property Consultants today who will be able to share with you essential information needed when buying off the plan and what projects are currently available in the market.
Published on 26th of May 2015 by Marty Stanowich