Grand Reve apartments in Castle Hill offer purchase with just $10k deposit

Prospective home buyers at Grand Reve, the soon to be completed Castle Hill apartment development by luxury home builder turned developer Kassis Homes, are able to buy apartments with just a $10k deposit.

It means a buyer can pay with as little as a $10k deposit. The balance of the 10 per cent deposit is payable in equal weekly instalments over the construction time frame up until practical completion, which at the time of writing 48 weeks.

McGrath Projects Director Adam Sparkes says since the introduction of the new finance model at Grand Reve, they have secured several property purchases ranging from a $620,000 studio to a $1,335,000 oversized two bedroom plus study apartment.

"The notion of paying by instalments is appealing to all buyer profiles including first home buyers and even downsizers, who are transferring the money from their super," Sparkes says.

Prices start at $580,000 at the two-tower project which has been popular with everyone from first home buyers, downsizers, upsizers, and even investors, given the surge in population growth of Castle Hill due to the new North West Metro and Hills Showground Precinct redevelopment.

Grand Reve sits just 350 metres from the Metro and 200 metres from Castle Towers, which has undergone a significant $300 million investment will produce a new multi-level upgrade and an expansion to over 300 stores.

There are 37 different floorplans available at Grand Reve, with configurations ranging from studios to three-bedroom units, and even a handful of split-level, townhouse-style dwellings.

Kassis Homes pushed the envelope when it came to finishes and fittings. All of the apartments at Grand Reve feature Wolf appliances, with the large two and three-bedroom options also including Sub-Zero refrigeration systems as standard inclusions.

Sam Kassis said when they were putting the plans together for the project, they sat down with a number of suppliers and they showed them the packages that they offer higher density developments, but something didn't quite sit right.

"It just didn't feel right," Kassis says, suggesting that their whole point of Grand Reve was for it to be different from everything else.

"We didn't want to do the same as what everyone else was doing."

So Kassis approached the high-end appliance retailer Wolf and Sub-Zero, who he has been using for 30 years in his luxury home building career. The premium appliance selection is usually reserved for more boutique projects in inner-city locations - apartments that carry a hefty price tag to match the calibre of appliance.

"We're the only development north of the city and surrounds to be using Wolf and Sub-Zero appliances." At the time Wolf said they never fit out developments of this scale, stating that "no one under the age of 45 has Wolf appliances."

The apartments are also fitted with Parisi tapware, brass feature fixtures, and stone kitchen bench tops.

"It's a high-end finish in every apartment, for an affordable price point," Kassis suggests.

A major focus for Grand Reve was to offer residents extensive outdoor space within the development. Some 2,300 sqm has been reserved for landscaped communal gardens. 

Kassis Homes is also offering an extended 10-year structural guarantee at Grand Reve, meaning the developer would cover all costs of any defects up until 2034.

The 4.5-star iCIRT rated builder DASCO, one of the first to go through the rigorous process of getting iCIRT verified, is well underway with construction.