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Apr
18
2019

APARTMENT PRICE TODAY COULD TRIPLE IN 25 YEARS

Figures show median unit price is projected to be $3.47M over the next 25 years

18 April 2019 – Leading Australian developer Crown Group is encouraging buyers to invest now with a view to long-term gains – and to potentially triple their wealth in 25 years.

CEO Iwan Sunito says that property is never a short-term game but a long-term game.

The Aussie/CoreLogic 25 years of Housing Trends report in 2018 shows that since 1993 the median apartment value across Australia has increased on average by 5.9% per year, a total growth of 316%, from $123,840 to $515,610. By 2043, the median apartment value in Sydney is projected to be $3.47 million.

“Fundamentally in the property game, you do not wait and buy but you buy and wait,” he said.

“The fact is that property values over the past two decades has proven itself to be a solid investment – proven that the way to invest a property is to buy and wait, and sit on it to play against time.

“We have seen examples in Sydney area where a house that was $100,000 back in 1985, is now worth $2 million, that is 2000% per cent growth in 34 years or 58% per annum flat growth.

“Buy the asset, never sell it, and enjoy the growth in capital gains in order to build your wealth or your equity. Today, you can hardly imagine Sydney’s median apartment price will triple in a few decades, and likewise, people 25 years ago, could never expect the median unit price would be $753,304 today.”

For more information visit www.crowngroup.com.au

 

Media Interviews

Crown Group Chairman and Group CEO Iwan Sunito is available for interviews on request.

Images & video

Images and video are available upon request including artist impressions, photographs of display apartments and computer-animated ‘fly-through’ footage of selected Crown Group developments.

Media Enquiries

Natasha Granath, PR & Communications Manager at Crown Group

(02) 8904 7051

natashagranath@crowngroup.com.au

Lina Guo, Communications Executive at Crown Group

(02) 9925 0088 or 0429 459 510

linaguo@crowngroup.com.au

About Crown Group

Crown Group Holdings (Crown Group) is a leading Australian property group specialising in property development, property investment and serviced apartments. The company was co-founded by architect Mr. Iwan Sunito and engineer Mr. Paul Sathio with its first project in 1996.

Crown Group has successfully completed major developments in Sydney’s best locations including Bondi, Bondi Junction, Parramatta, Ashfield, Epping, Homebush, Newington, Pennant Hills and Rhodes and most recently the 25-storey Arc by Crown Group in Sydney.

Today, Crown Group boasts a $5bn portfolio of projects under development and in the pipeline and is currently developing four major projects in the Sydney area: Infinity by Crown Group in Green Square; the $500 million five tower precinct Mastery by Crown Group in Waterloo being developed with Mitsubishi Jisho Residence; Waterfall by Crown Group in Waterloo; and Eastlakes Live by Crown Group the most exciting new address in the Eastern Suburbs.

Crown Group launched its first SKYE Hotel Suites in Parramatta in August 2017 and SKYE Suites Sydney in October 2018.

www.crowngroup.com.au

Awards

Crown Group has been awarded more than 30 high-profile industry awards including the 2018 UDIA NSW Best Mixed-Use Development and 2016 International Property Awards Best Residential High Rise Architecture Australia for V by Crown Group Parramatta; 2017 Property Council of Australia’s Annual Property Congress’ one of the World’s best projects for Infinity by Crown Group; 2017 Master Builders Association (MBA) NSW Excellence in Construction Awards for Skye by Crown Group, 2015 International Property Awards Best Residential Development Australia for Arc by Crown Group, 2015 Master Builders Australia (MBA) NSW Excellence in Construction Awards for Viking by Crown Group Waterloo and 2014 Urban Development Institute of Australia (UDIA) NSW President’s award – considered one of the highest property development accolades in Australia – for the seven-tower, resort-style development Top Ryde City Living.

www.crowngroup.com.au/industry-recognition/

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