Why the latest Blacktown apartment development offers the best value for money in Sydney
Blacktown is set to receive one of its most well price pointed, visually striking apartment developments to date with DARA, a contemporary five-level building in the heart of the central Western Sydney suburb.
Builder Sitecorp has already started construction on the collection of just 67 apartments, which are slated for completion in early 2025.
Every one, two and three-bedroom apartment ticks the box for $0 stamp duty, with every two and three-bedroom unit falling under the NSW Government's $800k stamp duty concession threshold.
There's also the $10,000 NSW First Home Owner Grant for apartments up to $600,000, which captures a number of the entry-level two-bedroom apartments in DARA. The developer has also teamed up with Coposit for their $10k deposit scheme, where a buyer pays a $10,000 deposit before paying down the rest of the deposit in instalments.
The prices at DARA come in well below other comparable new developments in the nearby Merrylands and Auburn areas.
While mostly targeting owner-occupiers, astute investors are likely to be looking at the apartments given the low entry point and the likelihood of around five per cent yields, as well as strong depreciation allowances.
Investors will too be looking at the 56 per cent population increase forecasted by the Blacktown City Council between now and 2041. Blacktown will act as the central hub to the population boom, which will see residents in the local government area jump from just under 400,000 to over 625,000.
Architecturally designed by Urban Link, the apartments feature spacious living areas designed to maximise natural light. The kitchens are designed with a focus on functionality and modern simplicity and are equipped with quality integrated appliances.
The garden apartments feature expansive private courtyards.
Residents will have access to the shared rooftop which has been designed for activities from yoga to sunset gatherings with panoramic views over the city.
DARA is ideally located across the road from Blacktown Showground and 100 metres from Blacktown Train Station and Westpoint Shopping Centre.
