Off-the-plan sales on rise

Mt Druitt - St Mary's Standard (East) - - NEWS -

FIRST home buy­ers are snap­ping up off-the-plan prop­er­ties un­der $550,000 in as prices rise in St Marys.

“We have sold 50 prop­er­ties off-the-plan this year ...” Raine and Horne St Marys sales man­ager Peter Dia­man­tidis said.

Mr Dia­man­di­tis said town­houses were “sell­ing like hot cakes” as first home buy­ers could no longer af­ford a house in St Marys.

“Many of the first buy­ers can’t af­ford $750,000 for a house in St Marys, so a town­house is the next best thing.

“You might pay $450,000 for a two-bed­room apart­ment, so with a town­house for a lit­tle bit more you get dou­ble the bed­rooms and dou­ble the land size.”

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