As anticipated, the initial launch of The Bindery as part of The Paper Mill on George’s River in Liverpool has been very popular amongst local buyers, with almost 90 percent having sold after its 18 July launch of sales to the market.
The first stage of this waterfront development will comprise around 169 residences, from one-bedroom apartments through to three bedroom terrace homes along the Georges River.
With residences priced from $400,000, The Bindery will offer a mix of waterfront and street facing apartments and townhouses.
The Paper Mill signals a return to waterfront living in Liverpool, with developer Coronation Property Co working with Liverpool Council to reactivate the riverfront and surrounding urban areas to create an active lifestyle precinct that will incorporate public amenity with world-class design.
The site located between the Georges River and Shepherd Street in Liverpool will eventually be transformed to include community space and ground floor retail that will incorporate the heritage components of the site’s original paper mill.
Sales Director for Coronation Property Co. Mr Jason Soulos said that the response to The Bindery has been outstanding, with owner-occupiers making up approximately 80 per cent of purchasers, continuing a trend seen late last year following the first stage launch of The Paper Mill.
“It is quite unusual to have the kind of an occupier to investor ratio that we have seen at The Bindery in today’s market, which usually tends to have quite a high percentage of investors buying up predominantly one bedroom investor stock.
The popularity of The Paper Mill with owner-occupiers is a real reflection on the lengths that Coronation Property Co goes, to create much more than simply high- rise living. Each development shows that true thought has gone into the planning stage with the local community in mind.”
The visionary waterfront development will also feature extensive landscaping including roof top gardens by ASPECT Studios, while each building will reflect the world-class design of Architect Domenic Alvaro and his team at Woods Bagot.
Director of ASPECT Studios, Sacha Coles, said that The Paper Mill on Georges River will bring new life to Liverpool’s riverfront, with upgraded parks, tree-lined streets, new cycle and pedestrian connections along the riverfront and lush communal gardens.
Each residence will be completed with top-tier finishes that include recycled timber and brick, granite cobblestones and steel inlay to reflect the site’s rich, industrial past. This will be juxtaposed by modern, stylish design previously not seen in Liverpool, such as the inclusion of three sky bridges linking each of the buildings, a feature more commonly seen in the communal spaces within New York apartment buildings.
Mr Soulos said The Bindery will offer a world class living solution to fit everyone’s requirements and budget.
“Another reason we are seeing so much activity in the Liverpool market is of course the upcoming Badgerys Creek Airport which will be just 20 minutes drive away, as well as Sydney Airport just 30 minutes from Liverpool and 15 minutes walk to Liverpool’s bus-rail interchange.” Mr Soulos said.
The NSW Department of Planning and Infrastructure’s latest figures show that Liverpool Council area’s projected population growth rate over the next 20 years is almost 1.5 times that of Sydney. Its population is projected to increase by 56 per cent, from 188,000 residents in 2011 to 294,000 by 2031.