First home buyers nab Wave Rockdale apartments as completion nears
First home buyers have been snapping up apartments in The Wave, the newest address in Sydney's Rockdale.
The Wave at 376 Princes Highway, Rockdale, around 15 kilometres south of Sydney, is being developed by the veteran property development firm Chanine Developments.
The eight-level, CD Architects-designed block of just 35 apartments has been a hit with first home buyers who took advantage of the HomeBuilder grant prior to the end of March, as well as the first home buyer stamp duty concessions.
There are now only around 10 apartments left.
Ziad Chanine, the managing director of CD Architects, said the location of The Wave, positioned at the entry gateway into Rockdale town centre, dictated its unique design.
"We felt it fitting to design a building which would welcome you into the town centre upon approach as well as creating an identifying landmark in the region," Chanine said.
"We embarked on the creation of something not of the normal order of apartment development in the region and the feedback has been tremendous."
Chanine said inspiration came from iconic buildings like the North Bondi Surf Life Saving Club.
"The design employs a flowing, curvilinear form to create an attractive architectural built element whilst angling balconies to capture views and vistas of Botany Bay through to Sydney CBD skyline.
Construction of The Wave is nearly complete. Image supplied
"The crackled tiles are an eye catching element along the wave-shaped balconies, reflecting the natural texture and landscape.
Most apartments left are priced under $800,000 which means first home buyers won't have to pay stamp duty for one or two bedroom apartments.
One bed apartments are priced from $595,000, two bedrooms from $690,000 and three bedrooms from $870,000.
Haus Agency director Alex Vrisakis said the development offers all the comforts buyers need in a first home, but is also attractive for the downsizer from a large family home.