Global Power | Local Knowledge | Uniquely Personal
All Articles News FAQs Videos
中文

Sydney's newsest suburb to meet demand

Construction of a suburb in Sydney is set to be completed ahead of schedule.

Construction of a suburb in Sydney is set to be completed ahead of schedule and will help to boost the city's housing supply.

Bungarribee, known locally as Bunya, is in the western area of Sydney and will offer more than 800 new units - many aimed at first-time buyers.

The Property Observer reports one in three purchases will be stepping on to the property ladder for the first time and demand is expected to be high.

Minister for planning and infrastructure, Brad Hazzard, said: "New Western Sydney housing is selling like hotcakes and Bunya is leading the charge."

He added: "Over 650 lots of the 820 have sold in under three years and demand for the remaining 170 lots is hotter than ever, with future residents visiting the sales office daily."

Prices for the properties range from $525,000 for a 400 square metre unit, to $630,000 for a 600 square metre plot.

Posted by Steve Douglas.

- Sydney, Bungarribee, Bunya, units

DISCLAIMER: All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

COPYRIGHT: All information provided is protected by international copyright laws. You may not copy, reproduce, distribute, publish, display, perform, modify, create derivative works, transmit, or in any way exploit any such content, nor may you distribute any part of this content over any network. Copying or storing any content is expressly prohibited without prior written permission of SMATS Group or the copyright holder identified in the individual content's copyright notice. For permission to use the content on please contact info@smats.net.

中文

Subscribe Now