Sales at Galileo Group's $200 million residential project Arlington Grove, which launched on Saturday, met expectations.
Off the plan buyers purchased 80 of Arlington Grove's 246 apartments at Dulwich Hill.
Sales at Galileo Group's $200 million residential project Arlington Grove, which launched on Saturday, met expectations.
Off the plan buyers purchased 80 of Arlington Grove's 246 apartments at Dulwich Hill.
The most popular apartments were the one bedroom+study and the two bed apartments.
Of the buyers 65% were owner-occupiers as proximity to the railway and park were a big positive.
Parking was also a major drawcard as all apartments come a car space. Apartments typically had leafy district or city skyline view.
The interior design by was by Smart Design Studio.
The mix of apartments is 105 one bedrooms, 131 two bedrooms and 10 three bedrooms.
1 bedroom | Up to 68 sqm internal | From $600,000 |
2 bedroom | Up to 105 sqm | From $800,000 |
3 bedroom | Up to 165 sqm | From $1,350,000
|
Galileo chief executive and founder Neil Werrett advised Fairfax Media he sensed the drop in May RBA interest rate cut had "no effect on the market."
The $200+ million Arlington Grove residential development has 246 apartments over eight levels in four separate buildings close to the local New Canterbury Road retail strip.
The new Arlington Light Rail is only a minute’s walk away, connecting residents to the CBD in just 30 minutes.
Construction is expected to begin in mid 2015 and be completed in mid 2017.
www.arlingtongrove.com.au or the display suite at 6-26 Grove Street, Dulwich Hill.