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Mar
7
2019

INVEST IN A SOPHISTICATED FUTURE LIFESTYLE DESTINATION IN SYDNEY’S NEW EAST

7 March 2019 – As Australia’s premier city for culture, commerce and tourism, Sydney has become one the world’s most attractive investment destinations. Now, leading Australian developer Crown Group is creating a new residential community that is set to become the most exciting address in Sydney’s east. Stage one of Eastlakes Live by Crown Group is set to open in 2021, offering a new precinct complete with luxury apartments, the area’s best retail and dining offerings, landscaped gardens, wellness facilities and new playgrounds.

Crown Group Director of Sales Roy Marcellus said Sydney has emerged as one of the world’s most multicultural and diverse cities, attracting people from all over the globe, to live and play.

“Australia is a highly sought-after destination to live in and given its robust and stable economy, it is an ideal place to invest,” he said. “Australia has set a world record with 28 years of consistent economic growth, averaging 3 per cent a year; interest rates are at a record low of 1.5% and unemployment is at an historic low of 5%. Sydney’s median house price has tripled in 20 years and given the economic fundamentals underlying the housing market, we predict there is more growth ahead.

“Sydney has also proven itself as the cultural and business heart of Australia – 41 per cent of Australia’s top 500 companies have their head offices in Greater Sydney, including Apple, Coca-Cola Amatil, Google, IBM, Nastlé, Nokia and Sony.”

The economy is also bolstered by strong demand from visiting tourists and strong immigration.

“There were 1.4 million tourists travelling from China to Australia in 2018, a 250 per cent increase in 7 years; and 469,200 Japanese travellers, a 41 per cent increase during the same period.

“As for education, Australia is regarded as the third top destination in the world for international university students – it also has the 3rd highest number of universities in the world’s top 100 list.”

Eastlakes Live by Crown Group, an outstanding development created in collaboration with internationally acclaimed architects Francis-Jones Morehen Thorp (fjmt), won the 2018 Melbourne Design Awards in the “Graphic Design – Identity and Branding – Lifestyle” category.

Set to create a future lifestyle destination in the new east, stage one of the mixed-use development features 134 luxury apartments ranging from one-bedroom apartments to penthouses and a new shopping precinct with 15 retail outlets. The resort-style health and fitness facilities include a 25m swimming pool, gymnasium, barbeque facilities, function rooms, water feature, landscaped gardens, rooftop lounge and entertainment facilities. Stage two will create a new town centre with a mix of residential and retail components.

“Eastlakes is the new growing suburb in the east of Sydney, offering an attractive lifestyle in a completely transformed destination. Surrounded by all the best that Sydney could offer, residents have easy access to the beautiful beaches, parks, Moore Park sporting stadiums, golf courses, and retail and dining precinct,” Mr Marcellus said.

“Eastlakes Live is creating a charming and exceptional place, a vibrant community that people will flock to and stay for the rest of their lives – enjoying the irresistible and absolute future urban lifestyle.

The construction of Eastlakes Live by Crown Group stage one is scheduled for completion in 2021.

A premium range of apartments is now available for sale, from $679,400 to $1,948,000. Penthouses are priced from $2,520,220 to $2,713,000.

The display centre is now open daily from 10am to 4pm, located at 19a Evans Avenue, Eastlakes.

For more information, please visit www.crowngroup.com.au/apartments-eastlakes or call 1800 853 162.

 

Media Interviews

Crown Group Director of Sales Roy Marcellus 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 CBD.

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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