Frasers Property Putney Hill powers into stage two

Putney Hill reached a big milestone earlier this month when the first stage of the Victoria Road precinct of the Frasers Property development was sold out.

Frasers Property secured some $349 million in sales, as stage 1 comprised 85 luxury freestanding houses and terraces and 448 apartments.

All were designed on the 14 hectare site by Cox Richardson Architects – "which have proven extremely popular with homebuyers," Frasers Property sales and marketing director, Paul Lowe said.

Located 13 kilometres from the Sydney CBD, the sales results had taken place since its launch in 2011.

Each of the five apartment buildings and 85 houses within Stage 1 has sold out prior to construction completion.  

"The community’s luxury homes and apartments have been positioned within a natural bush land setting around Lardelli Park and its pond, with lifestyle benefits including the nearby recreation circle facilities,” said Mr Lowe.

“Over 50 per cent of Putney Hill is dedicated to green space – the built form integrates with the natural landscape to create a sense of harmony.

"We’ve found this unique point of difference is a very appealing prospect for homebuyers that have been looking to find something of an urban oasis, a retreat from the hustle and bustle but still within easy reach of the CBD,” Mr Lowe added.

“The sales success of Stage 1 is continuing now with the Stage 2, Morrison Road Precinct. We’ve had 15 homes sell out in EOI phase in August 2014 and our current apartment release, Canopy, is almost sold out with only 15 apartments remaining.

"As a result, we are fast tracking the next release to market – set to be another exceptional apartment development, situated at the highest point of Putney Hill commanding district, water and city views.”

For more information on Putney Hill, visit www.putneyhill.com.au.

Buyers had been from first homebuyers, downsizers, young professionals families, to investors, said Mr Lowe.