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Ref 593023 | Waitara, New South Wales | 2 Bed Apartment

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Australia Flag Waitara, New South Wales, Australia
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Presenting Orient on Romsey apartments - Off-plan development of just 102 apartments with completion in early 2011. Large 1, 2 and 3-bedroom configurations at exceptionally low prices for the Sydney market!

We expect huge interest in this project given the price-points, the location, the quality of the building and finishes, proximity to public transport, the timing -Sydney is expected to commence a growth cycle in the next 12 months, as well as the fact that overseas investors and 2nd home purchasers in Australia will also now benefit from a 50% stamp duty discount.

Orient at Romsey - Overview
Perfectly positioned, in Sydney's Upper North Shore, the Orient at Romsey is located in the suburb of Waitara and is within minutes of great shopping and public transport. A high proportion of Waitara tenants and property owners commute to the CBD to work in the business and financial industries.

Boasting eight levels of stunning apartments, the Orient at Romsey is destined to become a defining project in the area. 1-bedroom + study apartments are priced from $340,000 to $390,000 AUD and 2-bedroom + study apartments from $440,000 to about $487,000 AUD.

All apartments have large internal and external areas, all 2-bedroom apartments have a study and 2-bathrooms and all come with a secure undercover car-space. Luxurious finishes such as stone bench-tops, premium fixtures, custom designed joinery & high-end European appliances complete the development’s interiors.

Fantastic Stamp Duty Savings for Sydney investment property!
Stamp duty in NSW has just been cut by 50% for off-plan or newly constructed residential properties with a value not exceeding $600,000! A contract of sale must be signed before 1 January 2010. The great news is that our foreign investors can also avail of the 50% stamp duty discount!

Exclusive Member Benefit
Australian Property Solutions' clients will benefit from a 5% first tenant rental guarantee.

You can secure your apartment now with only a 10% cash deposit with no more to pay until completion in approximately early 2011!

Rental Demand, Yields & Vacancy rates
Orient apartments will experience superior demand & yields to surrounding suburbs due to the strong transport infrastructure, range of amenities, a limited supply of dwellings and the premium location of being in the hub of a shopping destination. The vacancy rate for units in Sydney is at a 20 year low of less than 1%. Rental yields for 2 bedroom apartments have grown by 13.1% in the last 12 months alone and are forecast to continue growing by approximately 5–10% per annum over the medium term.

Strong Capital Growth Forecast for the Sydney property market!
Sydney house prices are tipped to rise solidly over the medium term - now is the time to enter the Sydney property market as it enters the upswing cycle. Sydney house values jumped 5.2% in the first 5 months of 2009 and 3.5% over the year to May. There is a severe shortage of newly constructed accommodation in Sydney and this situation is not set to change over the medium term. Sydney is now offering the potential for positively geared investment property. This will push more buyers into the market in coming years, in turn driving competition with prices set to continue their strong performance to date.

For full details including Price list, floor-plans and research report, please contact us immediately.
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For Sale £169,000 GBP
Approx. €213,613 EUR  |  US$287,096 USD
BedroomsRef # 593023  BedroomsListed over 1 year ago
BedroomsLocation Waitara, New South Wales
BedroomsType Apartment/Flat
BedroomsBeds 2 BathroomsBathrooms 2
BathroomsBuilt Size --- Plot SizePlot Size ---

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