First home buyers snap up Mason & Main, Merrylands apartments
First home buyers have descended on Coronation Property's under-construction apartment development in Sydney's west.
Since the start of 2024, nearly 90 per cent of sales enquiries on the two build-to-sell buildings out of the five total buildings in the Merrylands development on Urban.com.au has come from first home buyers. This is not surprising given the combination of the affordability on offer as well as the rare opportunity to buy a brand new apartment in the area.
The studio apartments start from $520,000, which allows first home buyers to pay no stamp duty under the NSW Government First Home Buyer Assistance scheme.
The two-bedroom, two-bathroom apartments have been the most popular starting from $760,000, and each have a car space. First home buyers also won't pay stamp duty on the two-bedroom apartments, given they fall under the $800,000 threshold.
Mason & Main has been designed to be the leader of gentrification in Merrylands, with not only an influx of well-designed apartments by Woods Bagot but also to create a central precinct that goes beyond the four walls of the homes.
The new apartments will sit above a new ‘Eat Street’, hosting various retail and dining options including popular gym One Playground, Macelleria, Hilltop Childcare, Oakberry, Mase & Co, Peanut Butter Bar, Iftar Lebanese, Hayat Turkish, and Yuzu Dining.
This central precinct aims to provide a comprehensive lifestyle hub for residents and the wider community.
Read more: Coronation welcomes new Eat Street tenants to Mason & Main in Merrylands
Joe Nahas, Managing Director at Coronation Property, said the high demand shown by first home buyers reflects the overwhelming trust Mason & Main customers have placed in Coronation Property’s vision for the development.
“The response from homebuyers, especially first home buyers, has been truly incredible, reaffirming our commitment to delivering exceptional properties that transform the local areas in which we develop,” Nahas said.
Mason & Main offers a total of 415 one, two, and three-bedroom apartments, located just south of Parramatta. The precinct has been designed to cater to various demographics, including young families, investors, and downsizers.
Some of the apartments include large multipurpose rooms, providing residents with versatile spaces that can serve as home offices, additional bedrooms, or nurseries. Each apartment adjoins a balcony that has views of either the Blue Mountains or the Sydney CBD.
Coronation has long known the importance of developing in a connected suburb. Mason & Main is less than 400 metres from Merrylands Station, which is one stop from Parramatta Station and a short-minute commute into Central Station.
Read more: How the small western suburb of Merrylands is undergoing a drastic gentrification
Everything is at the foot of the master plan.
Stockland Merrylands, with 180 retailers and anchored by a Woolworths, Coles, Aldi and a Kmart sits behind the project, while the Merrylands RSL, Billabong Hotel, and Merrylands best restaurants, are all centred around the heritage-listed train station.
