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Georgette presents an excellent opportunity for first home buyers in Sydney's northwest

Market Insights
1 month ago
4 minutes

Following the success of the Kew Schofields' stage one release, the development has released its highly anticipated second stage. Named Georgette, this latest stage is a collection of brand new, architecturally designed, one, two and three-bedroom apartments set at the heart of thriving Schofields. 

As with its stage one release, Georgette is also proving incredibly popular with first home buyers and owner-occupiers, thanks to the affordable prices, unrivalled location, build quality and savings of up to $60,000. 

David Milton, Managing Director of Residential Projects at CBRE, said the unmissable opportunity at Kew Schofields is an exceptional first home buyer opportunity. "Schofields offers some of the most affordable apartments in Sydney, and with that also comes quality and style," he commented. "One of the best things about this development is that we have the first stage finished, meaning you have a full display apartment, so you can come and see the high quality for yourself."


Invest in the booming northwest

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Georgette is a great opportunity to invest in Sydney's northwest, the city's fastest-growing region, at an affordable price point. One-bedroom apartments are priced from $440,000, and the larger two-bedroom plus study apartments start at $580,000 - both come with a secure carpark as standard. 

Despite being one of Sydney's newest suburbs, Schofields provides residents an unparalleled offering; a balance between the privacy you want in your first home and all the urban amenities that come with a thriving location. 

As a priority precinct, Schofield is still experiencing incredible growth. The Sydney Metro Northwest project was recently completed in 2019 and has brought over 15 trains per hour to and from the city to the northwest. The line is the first fully automated metro rail system in Australia, serving as a testament to the continued vision for the area. 

Ali Mohammed, CEO of Positive Investment Enterprise, said Kew Schofields has been very popular with style and location-focused buyers. "As one of Sydney's newest suburbs, Schofields offers residents an unrivalled offering of connectivity and proximity to employment centres of the northwest of Sydney and beyond," explained Mohammed, referencing the development's proximity to the Sydney Metro, M2 and Norwest Business Park. "The location offers true community living with 2,700sqm of retail space, parks and recreational facilities in this master-planned community." 

Fostering a sense of community is a priority at Kew Schofields - Georgette, an element often overlooked in apartment developments. Community is encouraged through the design and integration of outdoor communal spaces, meaning you can enjoy all the perks of a backyard without the typical maintenance. These shared spaces include barbecue facilities, lush landscaping and children's play equipment. 


Stylish and contemporary interiors

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Georgette is proof that buying your first home in a convenient location doesn't have to come at the expense of stylish or contemporary interiors. Georgette apartments offer spacious living spaces thanks to the generous floor plans, large double-glazed sliding doors that let the outside in, and a premium palette of fittings and fixtures that offers both elegance and longevity. These include beautiful timber flooring, ducted heating and cooling, Smartstone benchtops and luxurious freestanding baths. 

The latest solar technology and Tesla battery storage have also been integrated into the build - ensuring a lower carbon footprint and affordable strata levies. These and a host of other features are available to inspect at one of the fully furnished, finished apartments on-site. 


Market insights

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Buyer demand for off-the-plan apartments in Sydney has rebounded to its highest level in four years as surging house prices shift attention back to the more affordable unit market. Off-the-plan sales tracked by Urbis show that 15% of apartments available for purchase were exchanged over the quarter - the highest sales rate in Sydney since 2017. This is almost double the 8% figure recorded in the second quarter and nearly four times higher than the 4% sales rate recorded at the start of the year. 

Additionally, Knight Frank's Prime Global Forecast predicts that prices in Sydney are set to rise by 9% this year - making the city the second-best performing in the world and marking the best time to invest in property ahead of the coming boom. Purchasing a property at Georgette is an incredible opportunity to enter the property ladder at an achievable price, with the peace of mind that your new home will continue to grow in value over the coming years. For more information on Kew Schofields - Georgette, or to discuss if this is the right property decision for you, click here.