AS SEEN ON: URBAN.COM.AU
Published on 21 February, 2024
Joe Nahas, Managing Director and Owner of Coronation Property, is expecting a strong market this year, however buyers have changed in recent years.
"Buyers are more discerning when it comes to the developer they choose and are not willing to accept anything short of exceptional built quality," Nahas says.
"Buyers today are very different from those five years ago. Buyers are demanding more and wanting to invest in a lifestyle, not just an apartment. They want more space within their homes, seeking residences that are functional and offer an evolving space to grow. They are wanting the resort-style amenities, outdoor spaces and access to shops and dining on their doorstep."
It's placemaking which Coronation are doubling down on currently and in their future pipeline. Having already delivered the successful Paper Mill Precinct in Liverpool, their focus now is on Mason & Main, which will bring Merrylands its largest ever mixed-use precinct, and Ashbury Terraces, a rare proposition in a suburb where apartments and terraces are at a premium.
Coronation has three new projects which are likely to launch this year, the first being Erskineville Village.. They also have a Woods Bagot-designed tower in Chatswood and another project in Ashbury.
"Across all our off the plan projects, we are finding buyers are desiring the best of modern design, quality build, and convenient connectivity," Nahas added.
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