Off-the-plan sales on rise
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.”