Bankstown Gardens development bringing 54 apartments to market

Bankstown, 20 kilometres south-west of Sydney, is seeing the introduction of 54 apartment creation Bankstown Gardens, from architect Tony Owen and property developer JR Investment Group.

Aiming to be favourable to the investor crowd, and to owner occupiers, the Bankstown Gardens development offers one, two, and three bedroom apartments spanning the eight storey block.

Sales commence this month, with one bedrooms from $385,000, two bedrooms from $466,000 and three bedrooms from $588,000. It appears the prices span to $670,000.

The current median price for Bankstown units is $362,000 with median advertised weekly rent at $390.

Located on 6-8 Cross Street, they are a 10 minute walk from Bankstown Station.

Marketing the project is CPM Realty, with managing director Sam Elbanna noting that the idea is to bring city living to Bankstown.

“There is a new level of sophistication spreading throughout Sydney and people are clamouring for a luxury style development in more affordable locations. This is what we are delivering in Bankstown Gardens,” said Elbanna.

The development has a completion expectation for early 2016.

In 2011, total works were expected to amount to $12,500,000. It appears it took some time to get approval from council.