A new offer for Wollongong's Parq on Flinders development will help buyers secure a new apartment in the project with only a $5000 deposit.
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The campaign will launch on January 17.
It will allow purchasers to buy an apartment with an upfront instalment of $5000, while the balance of the deposit will be payable by June 30, 2020.
The instalment program is available to all buyers.
Parq on Flinders previously ran a deposit instalment scheme in 2018, whereby buyers could pay down their 10 per cent deposit over an agreed timeframe.
Forty first home buyers took advantage of the campaign.
"Our previous instalment scheme was very well-received and all of the buyers that took up the offer successfully paid the full 10 per cent by the agreed date," Simon Kersten, managing director of Colliers International Wollongong said.
Entailing 224 apartments and eight commercial sites, Parq on Flinders will have four separate residential towers of seven and eight storeys.
Mr Kersten said Parq on Flinders is scheduled to be completed in late 2020.
Mr Kersten said construction continues to progress well, with the four towers close to topping out and a new on-site display suite nearing completion.
"Buyers will soon be able to inspect a completed apartment in Tower B," he said.
"The apartment will be fully furnished and buyers will no longer have to imagine what the final product will be."
Mr Kersten said the project was more than 60 per cent sold.
One-bedroom apartments start from $395,000; two-bedroom apartments start from $550,000; two-level sky homes start from $650,000; and three-bedroom penthouse apartments start from $990,000.
Property of the week
A Mount Pleasant property with a price guide of $2.6 million to $2.7 million will go under the hammer later this month.
The property is located at 145 New Mount Pleasant Road, Mount Pleasant.
The five-bedroom, four-bathroom home will go to auction on January 31.
The current owners purchased the land in 1996, and the masterbuilt home was completed in 2001.
Selling agent, Belle Property Illawarra principal Darren Kay said the bulk of the interest in the property had come from local executives/business owners.
"The strength of the property is its aspect, it's the privacy, the construction technique," he told Property Watch.
"The property took over three years to build... It's an extensive build, and it's a quality residence.
"The home is elevated to take advantage of the stunning ocean views, but the rear yard is child-friendly and level, which can be hard to find."
Mr Kay said Mount Pleasant was typically popular with medical practioners/medicinal industry workers wanting to be within close proximity to the public and private hospitals.
He said it was also an appealing location for university lecturers and employees.
Brendan Crabb
I'm a member of ACM's national property team, covering the Illawarra and South Coast. Based in Albion Park, NSW, I write about exciting, interesting or just downright quirky properties that have been listed for sale, major sales, market trends, auctions and more. One of my favourite aspects of being a journalist is I believe everyone has a story to tell. What's yours?
I'm a member of ACM's national property team, covering the Illawarra and South Coast. Based in Albion Park, NSW, I write about exciting, interesting or just downright quirky properties that have been listed for sale, major sales, market trends, auctions and more. One of my favourite aspects of being a journalist is I believe everyone has a story to tell. What's yours?
