First home buyers brave Sydney's torrential rain to snap up apartments in Lumia

Some first home buyers were taking advantage of the final week of the HomeBuilder incentives with just a week remaining on the government grant
First home buyers brave Sydney's torrential rain to snap up apartments in Lumia
Joel Robinson March 23, 2021

Even the torrential rain has failed to slow down the booming first home buyer appetite, with over 70 per cent of apartments at Sekisui House’s Lumia in Norwest going to first home buyers.

Some first home buyers were taking advantage of the final week of the HomeBuilder incentive with just a week remaining on the government grant.

There were 31 one bedroom apartment sell,, 41 two bedders and three three bedroom apartment sales.

Most of the sales went to local buyers, with sales ranging between $550,000 up to $1.6 million, with $55 million worth of sales secured.

Lumia, designed by Turner Architects is located in Sekisui House’s $1 billion The Orchards masterplanned community in the Sydney suburb of Norwest.

The Orchards sales manager David Lee said the results where phenomenal in extreme weather conditions.

"Buyer confidence is at an all time high with the Reserve Bank recently indicating that the cash rate will remain steady for three years.

"First home buyers capitalised on one of the final opportunities to take advantage of current government incentives that equate to savings of over $45,000.

“Government incentives brought forward the launch of Lumia, intentionally designed with a large range of smaller apartment to accommodate first home buyers.”

Lee says The Orchards is one of the most significant residential masterplanned communities to be introduced in New South Wales and is taking urban rejuvenation and luxury living in Norwest to another level.”

 

Joel Robinson

Joel Robinson is the Editor in Chief at Urban.com.au, managing Urban's editorial team and creating the largest news cycle for the off the plan property market in the country. Joel has been writing about residential real estate for nearly a decade, following a degree in Business Management with a major in Journalism at Leeds Beckett University in England. He specializes in off the plan apartments, and has a particular interest in the development application process for new projects.

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