First home buyers and investors snap up new St Marys apartments
Sydney developer ALAND has sold the last of its 289 apartments at Carson on the Park in St Marys, just as the project reaches completion.
The $170 million masterplanned community, the first of its kind in St Marys, sits on a one-hectare site in the heart of the town centre and contains a mix of one, two and three-bedroom apartments across four eight-storey buildings.
With prices ranging from $495,000 for a one-bedroom apartment to $722,500 for a three-bedroom apartment, the project has attracted interest from buyers across Greater Sydney with over 50 per cent sold to first-home buyers and 41 per cent sold to investors.
ALAND Chief Executive Officer George Tadrosse says the positive response to Carson on the Park vindicated ALAND’s commitment to build affordable, quality housing in areas of high growth and comes at a time when Australia faces an acute shortage of new housing.
“When we announced the project in July 2022, we quickly sold over 100 apartments off-market and continued to see strong demand right up until completion. To see that amount of interest, particularly from first home buyers, is proof that we’re delivering homes that people want,” he said.
“This development is a prime example of what we stand for -- a strategically positioned and well built property that gives people the ability to live in a high-quality home, but also take the opportunity to create a property portfolio.”
The federal government has set a target of building 1.2 million new dwellings between now and 2029, but the NSW Premier Chris Minns has already admitted that the state will struggle to meet its goal of building 75,000 new houses and apartments each year.
Carson on the Park is located close to St Marys Village Shopping Centre and several parks and reserves, plus an abundance of schools, shopping and medical facilities, positioning it as an ideal place to live and also as a sound investment opportunity.
The development includes communal outdoor spaces with barbecue areas and a children’s playground. Each apartment features a spacious balcony or courtyard with state-of-the-art kitchens fitted with energy-efficient Fisher & Paykel appliances and stone benchtops.
ALAND Head of Sales Scott Rudgley says the success at Carson on the Park is indicative of the underlying strength of the Western Sydney residential property market.
“It’s been fantastic to see the project sell out at completion. This a testament to the community’s trust in ALAND and the Western Sydney market generally,” he said.
St Marys is one of the major beneficiaries of more than $20 billion worth of NSW Government investment earmarked for Western Sydney, with several major civic, health, retail, and transport projects due to be completed within the next few years.
“People see enormous opportunity in this location on the back of several major infrastructure projects, including the new metro line and Western Sydney International Airport,” said Mr Rudgley.
Established over 20 years ago, ALAND is known for delivering high-quality, mixed-use developments in fast-growing regions across Western Sydney and NSW Central Coast.
The multi-disciplinary development and construction company has a pipeline of more than 6,500 apartments throughout Greater Sydney and the NSW Central Coast, with over 1,300 apartments currently under construction.
