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| The living area of a typical 2-bedroom apartment at Como |
''Land is cheaper and development in the inner ring of suburbs is rippling out to other areas''
One of those areas to the south is Riverwood in the Canterbury-Bankstown district. The first private building, Como, with 197 apartments over 10 levels, is
now being sold off the plan, with prices starting at $295,000.
What makes it attractive??
- closer to the city, at 15 kilometres, than some of the
other new communities in the west and south-west
- Next to the community centre, near
upgraded train station and new sports centre and it fronts on to fantastic reserves.
- There is a market square, retail precinct and
library... AND more than 32 hectares of parkland and waterways
In short, don't underestimate less popular suburbs! The strong demand for apartment high-density living is driving new development and these developments need land!!
Whilst there is still strong demand in both VIC and NSW for apartments, there is a clear oversupply of apartments in VIC and shortage in NSW! Those in NSW, don't worry! 6000 due for completion over the next 18 months. Sydney's building boom would produce the highest number of apartments for almost a decade. WOW!!
Whilst there is still strong demand in both VIC and NSW for apartments, there is a clear oversupply of apartments in VIC and shortage in NSW! Those in NSW, don't worry! 6000 due for completion over the next 18 months. Sydney's building boom would produce the highest number of apartments for almost a decade. WOW!!
''In Sydney, we're at the beginning rather than the end of that
cycle,'' he said, adding that new apartment projects in the inner city
were now at ''the leading edge of housing recovery in Sydney''
Remember: People of all generations and ages in both Victoria and NSW have two criterias - Convenience at the tip of their fingers and somewhere they can relax and unwind after a busy hectic day at work.
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