FHBs show strong interest in residential projects
First home buyers have shown a keen interest in three South Sydney residential projects as a way to get on the property ladder.
Kogarah Central, Vicinity Point and Panorama Blakehurst are three residential projects that have attracted the eyes of aspiring property owners.
“These latest sales figures are testament that Level 33 has met the market, giving South Sydney locals including downsizers, second property investors and first home buyers what they are looking for,” commercial projects company Level 33’s Eddy Haddad said.
Vicinity Point is the facility that is viewed as the most value for money, with an entry price at $450,000, with proximity to Wolli Creek train station.
As a result, sales from local first home buyers have been steady at all projects, which shows a market recovery and an appetite for apartment living with a “lifestyle of convenience”, St Trinity Property sales director Will Wehbe said.
“We have guided many local buyers through the process of redeeming tens of thousands of dollars in government grants and stamp duty concessions. In addition, from 1 January 2020, first home buyers will be eligible for the government’s First Home Loan Deposit Scheme requiring only 5 per cent deposits,” he said.
“Together, Level 33 and St Trinity are proving to be in the business of turning local first home buyers’ dreams into reality.”
The apartments have been popular; the marketing company has sold 250 properties which fetched more than $200 million in the last nine months.
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