Sales at Mirvac's latest Harold Park Eden complex gallop along
More than 300 people attended the weekend launch by Mirvac of the latest offering of its Harold Park development at Glebe.
Stage two of the Eden development was put to market with some 60% of the terraces and apartments sold.
Gelatissimo gelato, organic food from the Veggie Patch Van and freshly brewed T2 tea and espresso coffee was on offer at the display suite, located at the corner of Ross Street and Wigram Road, Glebe.
One-bedroom apartments started at $525,000. There were 27 one-bedders on offer ranging from 50 square metres to 75 square metres; 33 two-bedders (75-100 sq m) from $830,000; five three-bedders (105-125 sq m) from $1,325,000 and nine three-bed terraces (165-180 sq m) from $1.74 million.
The priciest offerings were $1.895 million four-bedroom terraces.
Mirvac is transforming the former Harold Park Paceway into a $1 billion infill housing development with construction on the first precinct, Locamo, currently under way. The Harold Park master-plan allows for 1,250 dwellings with a 208,000 square metre network of landscaped parks.
Mirvac’ s residential chief executive, John Carfi, told The Australian Financial Review there had been a surge of interest in the project.
“When you are buying off-the-plan it is always encouraging to see the development under construction,” he said.
The weekend sales follow the success of the initial offering last November.
The release of apartments in the first of the two eight-level Eden buildings now sits at 70% sold off-the-plan, with the release of the second building, with 74 terrace homes and apartments, brought forward.
"I think Glebe was a little overlooked before, as there wasn't a whole lot of quality homes available," Mirvac development director Stuart Penklis told Fairfax Media.
"I liken it to when we built Raleigh Park in Kensington, on the site of the old cigarette factory. We put in quality product and parks, and got rid of the ugly factory and we saw a spike in property values, making it a much more desirable suburb."
