crash what crash, page-4

This is what the majority of foreign buyers snapped up on open day unseen. Exactly , crash what crash.



Buyers rush in to heights of luxury
By Chris Harrison

More than 100 apartments were sold on the day of the launch of Skye by Crown in North Sydney.

A penthouse apartment for $3.38 million was just one of more than 100 apartments bought on the launch day of Skye,

the Crown Group’s new luxury residential development in North Sydney.

It seems that people can’t wait to dive in to the infinity edge pool at Skye by Crown.

The total value of the apartments sold on the day was $110 million, including a studio apartment for $560,000, a one bedroom with study for $870,000 and a two-bedroom-plus study for $1.208 million. Crown Group director of sales and marketing Adam Sparkes said the final number of apartments sold far exceeded projected sales.

http://www.crowngroup.com.au/buyers-rush-in-to-heights-of-luxury/

”That corridor from Pyrmont all the way to the Blue Mountains is all go,” says Andrew Wilson, a senior economist with Australian Property Monitors (APM). ”Fifty per cent of all buying activity in Sydney at the moment is from investors, and that’s likely to rise even further with low interest rates and cheaper mortgages.

http://www.crowngroup.com.au/domain-investors-head-west-to-follow-growth/