Galileo's Palisade Miranda falls to secure stampede in the Shire

Galileo's Palisade Miranda falls to secure stampede in the Shire
Galileo's Palisade Miranda falls to secure stampede in the Shire

Galileo Group launched stage two of its residential development Palisade Miranda with underwhelming results.

Less than half of the apartments were sold although CBRE chairman Justin Brown said sales included the penthouse which fetched above $2 million. 

The majority of buyers of the weekend launch were by empty nesters from the Shire, wider Sydney and local investors that saw the value in what Palisade and The Shire offers, he said. 

The weekend launch - contrasted by the stampede at Macquarie Park - followed Palisade Miranda's August offering which also reflected a comparatively subdued sales rate. 

The August offering saw 65 per cent of the 197 apartments on offer finding buyers.

They were priced between $580,000 to $1.5 million. 

Australian developer Galileo Group say the marketing has been met with "success." 

Palisade is an eight-storey, resort-style development designed by KANNFINCH and UP Architects, with luxury amenities including a 20-metre pool, lush landscaping, outdoor daybeds, private gym and poolside clubhouse for residents to use as a function space.

There's interiors by Neil Bradford Design. 

It is due for completion early 2019.

Tags: 
Residential Development Miranda

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