Exclusive: CBD Core to cover stamp duty for first home buyers at Astrid Castle Hill
Local builder developer CBD Core is breaking the mould in the Hills Shire.
They're set to be the first developer with a project in market in the local area to offer free stamp duty for first home buyers at their Castle Hill apartment development, Astrid.
Currently the threshold for full stamp duty concessions in New South Wales is $800,000 and under, which is limited to first home buyers.
The offer, which will run until April 30, shortly before the building is complete, will apply to their two-bedroom apartments up to $950,000.
First home buyers will save about $30,000 on the $950,000 apartments. There are some two-bedroom apartments left priced at $895,000 and some at $915,000.
Astrid comprises just 94 apartments as well as a suite of resident amenity including a resort-style swimming pool, state of the art gym, and the Astrid Lounge.
CBD Core has been a Hills Shire developer for the last 11 years. It's run by the Harb family, who have called Castle Hill home for decades.
Turner Wolfe Director Matt Wolfe, who is handling sales at Astrid, says the fact CBD Core is a builder developer, as well as a local, is an attractive proposition for buyers.
"The Harb family have been entrenched in creating quality places to live in Castle Hill for a number of years," Wolfe says.
"They're a local first and developer second. Their kids go to school in Castle Hill, they dine in the local cafes. They're not here to get in and get out, they're here to contribute to the growing community, hiring local trades, and be at the forefront of the best developments in the area."
CBD Core is also preparing their next project, another in Castle Hill, following the successful completion of Oriel, just behind Astrid and their first development in the rezoned $1 billion Hills Showground precinct.
On the incentive, Wolfe says the developer wants to help first home buyers in a tough market.
"Prices have gone up significantly in Castle Hill in the last few years, which has made it even tougher for local first home buyers to get on the ladder. Paired with significant interest rate rises, first home buyers have all but disappeared from the market. This offer however will give them the opportunity to buy something other than a one-bed."
