Sutherland apartment development Dwell hits major milestone as locals drive purchaser activity
Sutherland Shire locals have staked their claim at Dwell, the Sutherland apartment development by Altitude NSW Pty Ltd.
The $30 million worth of sales means half of the 47 one, two and three-bedroom apartments are already spoken for.
Luke Barbuto, Head of Project Marketing for Highland, says the demand has come from within the local area.
"Many of these buyers are local downsizers and first home buyers, both of which have been enticed by Dwell’s unique location, spectacular architecture, incredible amenity offerings, and beautiful living spaces,” Barbuto said.
“Reaching 50 per cent sold is largely due to the surge of owner-occupiers who are continuing to drive the demand for apartment living, during a time where vacancy rates are at an all-time low.”
The seven-level project has been architecturally crafted to pay homage to Sutherland's surroundings and features natural materials, neutral tones and a greenery that drapes Dwell's facade.
Remaining one-bedroom residences are priced from $640,000, two-bedrooms from $900,000, and three bedrooms from $1.3 million.
“Given the rate with which Dwell apartments have been purchased, we expect the remaining apartments to sell out fast,” Barbuto added.
“I think the sales we’ve achieved to date is a strong indication that there is a robust appetite for exceptionally designed high-quality, low maintenance apartment living in the Sutherland region.”
Dwell, which is expected to complete construction in a few months, will also feature a swimming pool, and landscaped garden, and barbecue areas.
On top of the sales, the Flora Street building is achieving a record sqm rate for Sutherland at $13,300 per sqm.