Developer Level 33 soon to complete owner-occupier driven Kogarah Central apartment development
The new $175 million development Kogarah Central in Sydney's south is just a couple of months away from completion.
And developer Level 33 has secured 50 per cent of sales in the 233 apartment block, with the majority picked up by first home-buyers or owner-occupiers.
Level 33 director Eddy Haddad said their business model from day one was more suited to the owner occupier.
“They like the quality that we deliver and it is a good price point for this market”, Haddad says, adding that they secure repeat custom from buyers who buy in another block developed by Level33.
Kogarah Central is made up of two low-se buildings each crowned by rooftop terraces capturing skyline views back to the city. It features a public park and a children's play area.
Studio apartments start from $435,000.
More than 100 of Kogarah Central's apartments are priced under $650,000, which under New South Wales new regulations means no stamp duty to be paid.
It's a busy time for Level 33, who have another project in Kogarah which is yet to officially hit the market, the 82 unit Premiere at 22 Stanley Street.
That will be a collection of one and two bedroom apartments.
They’re soon to be completing Burnham, a 104 apartment block in Carlton, anchored on the ground level by an Aldi supermarket.
And there’s exciting plans further south of Sydney in Wollongong where Level 33 are constructing 82 apartments in the Denison Street development Midtown, with prices for the one bedroom apartments starting from $430,000.
They've also got their biggest ever project in the pipeline, The Kenny, a 320 apartment development on Wollongong's Kenny Street which is due to begin construction at the end of the year.