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  • Marissa Gordon
  • Realestate.com

 

The latest wave of apartments to hit one Sydney suburb form part of a $720 million estate, which has a central piazza and is getting a landscaped 3500 sqm park.

While home seekers tend to focus their attention on price points, there is a growing emphasis on lifestyle and location when looking for the perfect place to buy.

This is why more developers strive to deliver a multifaceted project, and their efforts are working, with potential buyers snapping up homes in these well-thought-out ventures.

The latest wave of apartments hitting the market in Rosebery is Jolyn Place, a portion of modern homes which form part of a $720 million estate

by Toplace Group.

Named Overland Gardens, the masterplanned community in Dalmeny Ave comes with hundreds of apartments, retail, a central piazza and a landscaped 3500 sqm park, which is about to be constructed.

Head of project marketing Sam Kandil said this was the last stage of the development, which is four years in the making.

“It’s interesting because in 2014 when we started marketing, buyers were mainly Asian investors and today we are seeing quite a shift,” Mr Kandil said.

“Most buyers are now permanent residents; first-home buyers are looking at the one-bedders, two bedrooms are popular with investors and there are downsizers buying the three-bedroom apartments, after selling their family homes in the area,” he said.

At the corner of the developed suburb’s Dalmeny Ave and Epsom Rd, the project has buildings of varied heights ranging from six to 13 storeys.

As well as the park, residents have access to more private green spaces.

“We also have a roof garden terrace which runs across all buildings so you go up and down sets of stairs to get to the next building.”

At ground level there are retail options and buildings face a piazza with cafes and restaurants.

The site is also about 400m from the approved $84 million Gunyama Park and Aquatic Centre.

One-bedders cost $650,000 to $830,000; two bedrooms range from $895,000 to $1.15 million and the three-bedders start at $1.195 million.


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