Units are snapped up

Price driven: CBRE brought forward the launch date for their Arncliffe development due to high levels of interest.LOCATION, price and stamp-duty exemption were the major drawcards to a new residential development at Arncliffe that went on sale last weekend ahead of its original launch date.
Nanjing Night Net

CBRE’s latest project — William Hirst at Cobblers Hill on 45 Bonar Street, Arncliffe — is a 68-unit block with a mix of two and three-bedroom units.

The public launch was slated for the weekend after Easter but it was pushed forward after the selling agents received high levels of interest in the development.

There are 61 two-bedroom units that start at $535,000, meaning those under $600,000 will be exempt from stamp duty under the state government concession which expires on July 1.

“There’s a lack of stock at Arncliffe which makes this development quite attractive to buyers,” CBRE project manager David Lee said.

“Most queries were price driven.

“The majority of apartments are priced under $600,000, making them an affordable purchase.”

Twenty-three units were sold off the plan at the public launch on Saturday.

Construction is due to start at the end of this year with the completion date expected by mid-2014.

Posted by at 24/04/2018
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