Affordable properties are still up for grabs in certain parts of Sydney.
With standalone houses now out of reach for many home seekers, plenty are turning to apartment living — and a new development in the western suburbs is proving popular with low prices.
Evoke at Blacktown will soon be launched with one-bedders starting from just $399,000.
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This is less than half the current median cost of houses across the city, according to the latest figures released by CoreLogic.
Managing director of Ray White Projects, Eddie Mansour, said buyers had already expressed strong interest in the six-storey building, which has 101 units set to hit the market in a couple of weeks.
“It is selling at a great price point – some of the two-bedroom units come in at less than $550,000, which is less than the limit for the (State Government’s) first home buyer’s grant, so it is quite an appealing product,” Mr Mansour said.
“We have had a great response with a lot of interest from young local buyers, including first-timers and families, because there is an outdoor area that is really appealing to them,” he said.
Recently sold dwellings in Carinya St have been demolished to make way for the project.
Privately owned company Jasara Constructions will begin building the complex in April and is expected to have it finished by the end of 2020.
The striking architectural design of the square building incorporates a central courtyard, where children can run around, and a rooftop with barbecue areas. All apartments have a car space, a balcony and storage units.
Internally, they will come with modern timber floors and neutral colour schemes. Unlike other projects in the area, some bedrooms have walk-in wardrobes.
“This will have an inner city look without the cost,” Mr Mansour said.
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One-bedders start from $399,000; two bedrooms units cost upwards of $506,000; and three bedrooms are priced from $666,000.
Go to evokeblacktown.com.au to find out more about the development.