Mastery by Crown Group in Sydney’s Waterloo has experienced a spike in sales with the current median unit priced now at 66 per cent lower than the median house price in Sydney, driving demand for luxury, more affordable apartments with resort-style amenities.
Crown Group’s sales team has seen a 200 per cent increase in traffic and sales in the past two months.
The majority of buyers have been first-time homebuyers not restricted by budget who have held out waiting for a premium first purchase as well as young professionals wanting to live close to the Central Business District (CBD) and enjoy all of the conveniences of an inner-city lifestyle.
Prisca Edwards, Director of Sales of Crown Group says that they haven’t been particularly surprised by the sudden rush in sales given the housing market in Sydney has been inundated with the fear of missing out (FOMO) with limited supply fuelling the market.
Mastery by Crown Group is set to become Australia’s first Japanese-themed residential community designed by acclaimed Japanese architect Kengo Kuma in collaboration with Koichi Takada Architects and Silvester Fuller in the heart of Waterloo. The project will be Kuma’s first residential community in Australia.