Property development group Australand has announced plans for a new residential development in Sydney’s sought-after inner west.
In an announcement this week, Australand said it had acquired a 5.5 hectare site in Clemton Park, Sydney, with 750 new dwellings expected to be rolled out.
The $35 million site is located 15 kilometres south of Sydney’s CBD.
House prices are expected to range from $340,000 to $560,000
Australand’s executive general manager Rod Fehring expects the new residential site to be highly popular with home buyers due to its easy access to public transport and close proximity to Sydney’s CBD.
“We expect the project to benefit from the surrounding infrastructure and established urban precincts which will underpin buyer confidence,” Mr Fehring said.
“The recent successful launch of Linc, the latest building at Australand’s Discovery Point development in Wolli Creek, where 80 per cent of a total 126 apartments sold within the first week of release, demonstrates the strength of the Sydney market for competitively priced and well positioned product."