Australand offers $10,000 discount in Sydney's Botanica development

Australand offers $10,000 discount in Sydney's Botanica development
Cassidy KnowltonDecember 8, 2020

In a bid to encourage house-and-land buyers to commit to buying before Christmas, developer Australand has knocked $10,000 off the price of 14 of the houses in its master-planned development Botanica, at Sydney’s former Lidcombe Hospital site.

The homes are expected to be completed before Christmas, and ready to move into early in the new year.

Prices range from $685,000 to $740,000 for a three-bedroom home and $780,000 to $905,000 for a four-bedroom home. The promotion began in late October, and so far six buyers have taken advantage of the sale.

“Construction will be completed before Christmas, which means purchasers can be happily settled and ready to start the new year afresh in their the new home,” says Nigel Edgar, general manager of Australand’s residential division.

He says that the development’s parks and gardens are a big drawcard for buyers.

“The design of homes at Botanica complements modern lifestyles. All homes are well spaced with private garden and courtyard areas and are ideally located a short stroll to the community’s picturesque seven hectares of parks and gardens, which offer a relaxing retreat for all residents,” Edgar says.

Australand recently sold three of four homes in the first release of its more affordable Emerald Collection within two weeks of their launch. All were three-bedroom homes and all sold for $600,000. The developer plans to release the remaining eight in March 2012.

“Australand is responding to the lack of affordable stock available in the NSW residential market by ensuring that new products are developed with specific market segments in mind and with price points that meet consumer expectations of value,” says Edgar.

The Botanica site is 12 kilometres from Sydney CBD and is set to be home to about 1,800 people by 2014. In addition to the new homes, the site features 10 century-old cottages that will be restored. The one-bedroom residences will be priced from $430,000 and the three-bedroom cottages will start at $850,000.

The grandest of the heritage properties is a two-storey superintendent's home on the site will be a five-bedroom house on a Torrens title flanking the village green, but its pricing has not been determined.

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