Sydney Discovery Point development launches fifth stage after previous successes

Developer Australand has released the fifth building in its materplanned Discovery Point development, about 10 kilometres from Sydney CBD, following strong buyer demand for the fourth stage.

Arc is the latest building to launch in the development, which is in Wolli Creek, and comprises 88 units, of which 31 have been sold. Of the ones remaining, 24 are one-bedroom units, 29 are two-bedroom units, 13 are  two-bedroom units with studies, and one is a three-bedroom penthouse. Arc launched on September 26.

It follows the success of stage four, called Linc, where 102 of 126 apartments sold within 24 hours of the official launch.

Arc’s one-bedroom apartments are priced from $405,000, two-bedrooms are priced from $610,000, and the penthouse has an $800,000 price tag.

Discovery Point includes many outdoor leisure areas around the Cooks River foreshore and Discovery Point Park.

Australand NSW general manager of residential Nigel Edgar says the outdoor lifestyle and the convenience of transport options have struck a chord with buyers.

“The extremely convenient location just five stops from the CBD by train, coupled with a high-quality, low-maintenance apartment means that apartments at Discovery Point have had a consistently low vacancy rate,” Edgar says. “This is reflected in the high percentage of apartments bought by investors.”

Each of Arc’s apartments will include a balcony with full-height glass sliding doors for climate control, and Edgar says sustainability and convenience are big considerations for the developer.

“Australand is responding to demand for new apartments close to the city that embrace sustainability initiatives and take advantage of established transport links and infrastructure,” Edgar says. “Discovery Point’s success to date reflects our infill development experience in delivering quality masterplanned residential product at an attractive price.”

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