With a recent influx of offshore investors and a high demand for new properties in New South Wales, Putney and Ryde’s newest neighbourhood, Putney Hill, is gearing up to meet strong demand for new properties in the year ahead.
Frasers Property Sales & Marketing Director Paul Lowe said he is confident that new home buyer and investor sentiment will continue to remain optimistic throughout 2015.
“I’m confident 2015 will present a positive and buoyant Sydney property market, fuelled by continued growth within the NSW economy, due to improving infrastructure works, a consistently growing population and low interest rate environment,” Mr Lowe said.
“We’re also seeing a greater influx of offshore investors with a high demand for new properties, particularly apartments within a 15-kilometre radius from the CBD, proving highly desirable for buyers. Our apartments at Putney Hill are in close proximity to the city, well-supported by transportation and a range of amenities, offering residents the lifestyle they expect when living in Sydney today”.
Mr Lowe said that construction of the new Putney Hill neighbourhood proceeded well in 2014, and will continue to gather pace throughout this year.
“2015 is shaping up to deliver more sales success as last year, with almost all of our three bedroom apartments in Canopy sold out. We’re anticipating further releases in stage two, continuing to meet demand, and more new families taking up residence throughout the year as more apartments reach completion stage,” Mr Lowe said.
The family-oriented development, located in the Putney and Ryde suburbs of Sydney contains a range of one to three bedroom apartments and two and three storey houses.
The master planned community now hosts over 300 residents since the development was launched in 2012.
Apartments and houses in the new neighbourhood are still available with construction of the latest development Canopy, due to be completed in 2017.