14 JANUARY 2020 Crown Group, the award-winning developer of distinctive residential and commercial properties across Australia, is confident about the real estate market on the East Coast of Australia over the year. Emerging from a recent lull in property values and buoyed by low interest rates, Australia is in the early stages of an upswing in buyer confidence and sales activity. Buyers have a unique and timely opportunity to make long-term investments in properties in Sydney, Melbourne and Brisbane.
“We are very bullish on the long-term prospects of the real estate markets in Australia,” said Crown Group Director of Sales Prisca Edwards. “Several factors are aligning right now, offering a fortuitous window of opportunity for buyers who are interested in purchasing residences for themselves or as an investment.”
A key indicator is the strong start to the spring buying season (September – November in Australia). According to the CoreLogic Home Value Index, in October, the national median dwelling price had its largest monthly gain since 2015. Even more impressive, Sydney apartment values increased 4.2% and Melbourne increased 5% – its largest month-on-month gain in a decade. According to CoreLogic and Moody’s, this trend is set to continue through 2020 as the demand for high-quality, urban residences continues to rise.
Ideal Long-Term Investment
Housing supply in Sydney and Melbourne is not keeping up with demand, and this dynamic is set to continue for the foreseeable future and lead to an increase in property values. The NSW Department of Planning predicts that Greater Sydney will need 725,000 additional homes over 20 years to accommodate 1.74 million new residents to the area; and Melbourne is expected to grow to 10.1 million by 2051 – the fastest growing area in Australia. This demand will drive prices upward, leading to an excellent return on investment.
“The most important factor facing for real estate buyers is location,” said Mrs. Edwards. The areas with the highest demand for new homes will have high quality new infrastructure nearby, like train stations, shopping centres, libraries and recreation centres or green spaces. Sydney is investing AU$87 billion in a new airport, metro rail system and more; Melbourne is investing AU$100 billion; and Brisbane is investing AU$3.6 billion on the new Queens Wharf development and AU$55 billion in new tourism and transport infrastructure. Infinity by Crown Group is located at Green Square, an area where the government and private developers have invested AU$13 billion to transform the precinct.
Renters and buyers are also looking for properties close to a city centre or hub with excellent transportation, reputable universities and schools, modern medical facilities, an airport and other lifestyle attractions. These types of properties perform best over time, like Waterfall by Crown Group and Mastery by Crown Group.
Australia is especially attractive to Asian buyers because of the excellent higher education opportunities. There are more than 693,000 international students studying in Australia, and the number is increasing yearly led by students from China, India and Brazil. The Times Higher Education’s Top 100 Universities in the World Report 2018 lists three universities in Sydney, Melbourne and Brisbane.
Luxury Urban Lifestyle
Sydney and Melbourne have burgeoning neighborhoods and suburbs near the city centres offering the type of lifestyle that today’s urban dwellers increasingly seek. Developments with inspiring, timeless architecture and shared, resort-style facilities create a sense of community and connectivity. Onsite fitness centres, pools, coffee shops, workspaces and other high-end amenities enhance the attractiveness of the development for buyers and renters as well as the return on investment.
Crown Group offers several lifestyle-focused projects in these areas. Waterfall by Crown Group in Sydney’s CBD offers an infinity-edged rooftop pool, gym, garden and terrace with stunning downtown views. Arc by Crown Group in downtown Sydney also offers a rooftop lounge with barbecue and bar facilities, a resort-style pool, jacuzzi, gardens and fitness facilities.
Buying in Australia
Australia is attractive to foreign investors, especially Asian buyers, because of its fantastic weather and lifestyle. Australia is easily accessible from Asia with dozens of direct flights each day into Sydney, Melbourne and Brisbane. Australia enjoys political stability, safety, a healthy lifestyle as well as excellent education and health care. In fact, Melbourne and Sydney rank 2nd and 3rd in the world on the 2019 Economist Intelligence Unit’s Global Livability Index. Perth and Brisbane were 14th and 18th on the index which ranks 150 cities around the world.
For those looking to invest in unique, high-end luxury apartments in prime up-and-coming locations in Sydney, Melbourne and Brisbane, visit Crown Group.
Crown Group Director of Sales Prisca Edwards is available for interviews on request.
About Prisca Edwards
Prisca Edwards graduated with a Law Degree from Northumbria University UK before practicing in London, Hong Kong and Sydney. She moved into the property industry eight years ago and now heads up four divisions at Crown Group and has overseen more than $1.1 billion in sales.
Natasha Granath, PR & Communications Manager at Crown Group
(02) 8904 7051
Lina Guo, Communications Executive at Crown Group
(02) 9925 0088 or 0429 459 510
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 CBD and 2017 Property Council of Australia’s Annual Property Congress’ one of the World’s Best Projects Infinity by Crown Group in Green Square.
Today, Crown Group boasts a portfolio of six major projects under development and in the pipeline. It is currently developing three major projects in the Sydney area: 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 SKYE Suites in Parramatta in August 2017 and SKYE Suites Sydney in October 2018. It is due to open SKYE Suites Green Square (Sydney) soon.
Crown Group has been awarded more than 30 high-profile industry awards including 2019 Master Builders Association (MBA) NSW Excellence in Construction Awards Best Use of Steel, Best Use of Brick and Best Mixed-Use Development; 2019 Architecture MasterPrize in Mixed Use; 2019 Architizer A+Awards Jury Vote and Popular Choice Awards; 2019 HIA–CSR Australian Housing Awards Best Apartment Complex; 2019 MBA Best Commercial Pool and Best Commercial Spa; 2019 Urban Development Institute of Australia (UDIA) NSW Awards for Excellence in High-Density Development; 2018 Property Guru Best Condo Development and 2015 International Property Awards Best Residential Development Australia, for Arc by Crown Group; 2019 Urban Developer Awards Excellence in Marketing for Mastery by Crown Group; 2019 UDIA NSW Awards for Excellence commendations for Arc and Mastery by Crown Group; 2019 International Property Awards Winner Development Marketing Australia for Eastlakes Live by Crown Group; 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 NSW Excellence in Construction Awards for Skye by Crown Group; 2015 MBA NSW Excellence in Construction Awards for Viking by Crown Group Waterloo and 2014 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.
For the past two years, SKYE Suites Sydney won the Best Tech Hotel award and SKYE Suites Parramatta earned a Highly Commended for Best Serviced Apartment Property at the HM Awards 2018 & 2019.Download the original article