On the 19 March, local developer Mark Mezrani will release stage two in Urban Camperdown, which is a master planned community located on the edge of the Sydney CBD in the heart of Camperdown. The $250 million project is located on the old Ryvita Biscuit Factory site along Barr St.
Forty-two one and two bed apartments will be released in stage two and start from $665,000 in Aron which is the tallest building in the development. The apartments are spread across eight levels and many boast views across Anzac Bridge and Sydney’s CBD.
Ben Hamblett, NSW & QLD Associate Director for Ausin Group’s project marketing division said, “Urban Camperdown is a rare find that has been embraced by purchasers across Sydney. Sale drivers have included a lack of new apartments at an affordable price point within three kilometres from the CBD; the project is located directly beside Sydney University and it is in a tightly held area that is benefiting from multi-billion dollar infrastructure plans.”
Urban Camperdown is located in the heart of the State government’s Western corridor activation plans. Camperdown and Glebe have been earmarked as activation areas that will be made more liveable and walkable suburbs. Major infrastructure projects about to start or are currently underway in the area include the gentrification and activation of the foreshore encompassing Pyrmont, Darling Harbour, Barangaroo and Black Wattle Bay.
Joseph Zaja, Managing Director of Ausin Group added, “A wide variety of purchasers have bought in the project. University students who studied at Sydney University and work in the area or city are purchasing because they are familiar with the suburb and like its eclectic surrounds. Professional couples who reside in Glebe, Ultimo, Camperdown and Haymarket are buying as well as investors. Investors from the Hills area and North Shore who have built up substantial equity over the past five years have identified Camperdown as a place that has long term growth potential.”
Over eighty apartments and terraces valued at over $85 million comprising one, two and three beds have already been sold in stage one.
When completed Urban Camperdown will comprise 199 designer apartments and 15 three storey terrace homes across a family of five buildings with several offering city views. These range from five to seven levels and are intertwined with lush landscaped gardens and terrace homes.
“Camperdown’s industrial heritage, coupled with this wonderful site gave us an opportunity to make a unique contribution to the built landscape of the area with this project,” said Michael Heenan, CEO, Principal, Design for Allen Jack + Cottier.
“The apartments have generous balconies with timber decking accessed seamlessly through large stacking sliding doors, blurring the distinction between inside and out. It is envisioned as both a place for passive recreation as well as providing a tranquil outlook. The landscaped courtyards are a combination of trees and smaller scale plants.”
Prices for apartments in stage two start at $665,000 for a one bed and two beds are priced from $1.188 million.
Ceerose is currently constructing Urban with completion expected in the first quarter of 2017. Thirty-five one beds and 7 two beds are available for purchase in stage two.
Urban’s luxurious apartments will enjoy 2.7 metre high ceilings, vitrified floor tiling in living areas, reconstituted kitchen stone benchtops, Brodware tapware in the kitchen and bathrooms and generous balcony areas.
The project comprises 47 one beds, 75 one bed plus studies, 27 two beds, 39 two bed plus studies, 7 three beds, 4 three bed plus studies and 15 three level terrace homes.
Ausin’s sales suite will open on 9 March and will be located at 24 Lyons Road, Camperdown. It will be open on Wednesday, Saturday and Sunday only from 10am until 12pm. Viewing outside these times is available by appointment only. A $5,000 expression of interest deposit is also required to secure an apartment.
For further information visit www.urbancamperdown.com.au or phone Ausin Group on 1300 786 098.
The east coast population centres of Melbourne, Sydney and Brisbane will continue to attract strong property investment from Chinese investors in 2016, with lifestyle being the biggest driver. Within 20 years, these three cities alone will account for more than 50 per cent of Australia’s total population, according to estimates from the Australia Bureau of Statistics.
Australia’s population growth and building indicators send a strong signal that the nation continues to build its credentials as a highly urbanised, productive and liveable nation. This bodes well in the eyes of global investors, particularly the Chinese. We expect the interest in Australian property from this market will continue to stay strong in 2016 and beyond.
The country’s population is forecast to reach the 24 million mark around mid-February 2016. Ausin has recently expanded its offices to 17 throughout Asia Pacific and now employs more than 600 full-time staff to accommodate Chinese property investment demand in Australia.
With Sydney and Melbourne residential sectors showing strong capital growth characteristics throughout 2015, both cities will continue to attract strong levels of Chinese investment well into the new year. However, with affordability across the local markets weakening, it will be the desirability and locational value of new projects that will have the most appeal. Standard-grade projects in Sydney and Melbourne will not sell well, particularly in China, which is a marketplace that trends towards selective high-end buying.
We see the Brisbane market, with its affordability, strong rental yields and growing lifestyle credentials as being well-positioned globally to attract a much larger share of capital inflow in 2016.
This city is attracting robust interest due to its infrastructure programs which, when fully functional, will boost Brisbane’s productivity and economic credentials. The airport duplication, which is well underway, and the recent announcement of the billion-dollar Queens Wharf Project demonstrates the trajectory of Brisbane as a new international investment destination.
Despite the slow rebalancing of China’s economy, the strength of the renminbi against the Australian dollar means that Australian residential property will continue to be increasingly affordable.
On a domestic front, China’s concerning pollution levels, particularly the recent red alert status for air quality in Beijing, will continue to challenge liveability standards in China’s tier-one cities. We see China’s domestic pollution problems as a major catalyst for international investment.
Considering that China is a nation composed largely of one-child families, the ongoing air quality and health concerns will only increase the appeal of global investment destinations like Australia, where liveability and lifestyle for the next generation of Chinese will be significantly better. A high proportion of Ausin’s clients plan to immigrate to Australia within the next 10 years, and lifestyle is driving this decision.
As part of the Chinese government’s plans to curb pollution, the country is moving towards more dependence on nuclear energy. In December, the government announced a $78 billion investment in nuclear power plants over the next five years, part of a larger plan to have 110 reactors fully operational by 2030. This reduction in fossil fuel dependence is hoped to improve the air quality and curb the negative impact on health and well-being from pollution.
Until China’s pollution concerns are fully addressed, parents across China will continue to look abroad for investment and lifestyle destinations, with Australia continuing to be a significant drawcard.
Private and public sector spending in Brisbane’s infrastructure is one of the key attractions for international investors, according to investment solutions company Ausin Group. Billions of dollars’ worth of new infrastructure projects have recently been completed or will be starting soon in Brisbane spanning North East from the CBD through to the Trade Coast precinct.
Joseph Zaja, Managing Director for Ausin Group comments, “Ausin first started witnessing a growing interest in Brisbane from overseas investors following the G20 Summit which was held last year. It positioned Brisbane as a ‘new world city’. This vision is now starting to come to fruition following announcements by the State government and private sector about major infrastructure and development projects.
“Brisbane’s two most important economic and employment hubs, the CBD and Trade Coast region are benefiting from the new infrastructure plans. The economic potential of these two areas is being unlocked with State and Federal governments’ as well as the private sector reaping significant financial rewards.” He added, “Ausin opened an office in Brisbane a few months ago to meet demand from its international investors for premium Brisbane property and expects to double its staff numbers prior to Christmas to service this interest. Brisbane’s affordable properties, clean lifestyle and infrastructure spend in major locations are the biggest drivers for international property investors. “Investors are purchasing apartments throughout the CBD and CBD fringe, as well as house and land packages in well located masterplanned communities in the middle ring suburbs. Sunnybank is home to the biggest Chinese migrant population in the state. Areas neighbouring this suburb are benefiting from the growing migrant population.”
The Lord Mayor Graham Quirk will officially open Ausin Group’s new Brisbane office this week. He said successfully hosting the G20 last year had raised Brisbane’s profile in the international marketplace as a place in the Asia Pacific to do business. “In 2014-15, Brisbane received one million annual international visitors for the first time ever, with expenditure reaching a record high of $1.8 billion,” Cr Quirk said. “We are the largest municipal council in Australia and are focused on export and trade to grow our local economy, as well as investment attraction and a commitment to key industries as drivers of growth. “Brisbane is an enterprising and energised city that is firmly connected to global markets, yet remains economically resilient. We are committed to the growth of small business, including start-up companies and embrace an entrepreneurial culture.”
Cr Quirk said he was committed to supporting economic growth by investing in key infrastructure across the city’s suburbs including the recently opened $1.5 billion Legacy Way tunnel which was delivering travel time savings. “There is no denying the delivery of key infrastructure such as the Clem7, Go Between Bridge, Airport Link and now Legacy Way is helping manage our city’s growth and improve travel times for motorists,”
Cr Quirk said. “The Kingsford Smith Drive upgrade is Brisbane’s next major project that will widen the road from four to six lanes and the new contractor for the project which connects the city to the Trade Coast will begin preliminary works later this year.”
Mr Zaja said that as the greater CBD expands out through Fortitude Valley and Newstead, suburbs including Albion and Hamilton are now on the radar of international investors. The duplication of Brisbane airport is expected to increase the size of the airport in line with Hong Kong and Singapore with completion expected in 2020. Two of the State government’s priority development areas have also been given approval to move forward with multi-billion dollar projects including Queens Wharf in the CBD which is touted to create over 3,000 jobs during construction and 8,000 jobs when completed. Hamilton North Shore, which is a two kilometre project along the waterfront near Trade Coast will also generate thousands of jobs and homes for the expanding Brisbane population.
Mr Zaja concluded, “Brisbane is a city that has a vision which is being embraced by business, government bodies and international investors. The city is governed by one Council which has the power to make all of the important decisions regarding the growth of the region. “Its ability to make quick, informed decisions has helped make the city more investor friendly and geared towards long term investment opportunities. Unlocking the economic potential of Brisbane is attractive to international investors.”
Ausin Group has sold 80 of the 130 properties that were released to the market in Urban Camperdown (Urban) which is located on the Ryvita Biscuit Factory site in Camperdown. It is designed by award winning architects Allen Jack + Cottier and developed by Mark Mezrani. This is the third and final development on this site by Mr Mezrani. Previous projects included DNA Camperdown and The Biscuit Factory which were both very popular with owner occupiers and investors.
Sales were valued at over $85 million with one and two bed apartments proving to be the most popular. Prices for apartments start at $659,000 for a one bed, two beds start at $1.138 million, three beds are priced from $1.75 million and terrace homes start at $2.15 million.
Ben Hamblett, NSW & QLD Business Development Manager for Ausin Group’s project marketing division said, “Purchaser drawcards in Urban included its location directly beside Sydney University, the selection of 30 different floor configurations, proximity to the CBD and the superb architecture by Allen Jack + Cottier. “The project attracted a mix of local and overseas buyers. Local purchasers were predominantly from the lower North Shore, Inner West and Eastern suburbs.” He added, “Urban is being built on one of the last remaining major development sites in Camperdown. This community which is nestled in a culturally diverse and eclectic area epitomises the very best of inner city living.”
Joseph Zaja, Managing Director of Ausin Group said, “Urban offers the best of both worlds – it has a suburban feel with universities, cafes, schools, shopping precincts and major transport links on the doorstep, while the city’s major attractions are only two kilometres down the road.”
The master planned community is located on the edge of the Sydney CBD in the heart of Camperdown. Urban will comprise 199 designer apartments and 15 three storey terrace homes across a family of five buildings with several offering city views. These range from five to seven levels and are intertwined with lush landscaped gardens and terrace homes.
Urban’s luxurious apartments will enjoy 2.7 metre high ceilings, vitrified floor tiling in living areas, reconstituted kitchen stone benchtops, Brodware tapware in the kitchen and bathrooms and generous balcony areas. The project, located on Barr Street comprises 15 studios, 32 one beds, 75 one bed plus studies, 27 two beds, 39 two bed plus studies, 7 three beds, 4 three bed plus studies and 15 three level terrace homes. One hundred and thirty properties will be released in stage one in Uma, Bella and Nelson buildings including 15 terrace homes.
Ceerose is currently constructing Urban with completion expected in the first quarter of 2017.
The display suite is located at Australia Square – Level 48, 264 George Street, Sydney and is open seven days from 11am until 1pm. Viewing outside these time is available by appointment only. A $5,000 expression of interest deposit is also required to secure an apartment.
For further information visit www.urbancamperdown.com.au or phone Ausin Group on 1300 786 098.