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Mar
14
2019

MARKET CONDITIONS ALLOW RENTERS TO LEVERAGE INTO NEW RESORT-STYLE HOMES

14 March 2019Sydney renters are taking advantage of current property market conditions to leverage themselves into iconic new apartment developments with luxury resort facilities such as sky lounges, music rooms, rooftop cinemas and new dining precincts.

The increased amount of quality rental stock on the market across Sydney this year means that tenants are spoiled for choice, with two exciting apartment projects about to be completed in Sydney’s inner south by leading Australian developer Crown Group.

The dedicated and experienced leasing team at Crown Property Agency already has a waiting list for apartments at Infinity by Crown Group at Green Square and Waterfall by Crown Group at nearby Waterloo, from its 20,000-strong database.

Crown Group Director of Property Management Anthony Caudullo said, “Sydney renters this year are in the fortunate position of having the opportunity to upgrade their lifestyle. For the first time in more than a decade, they have a choice of modern apartments, with resort-style facilities, at prime locations near the city and close to exciting new shopping and dining precincts.”

Residents are already vying to move into Infinity by Crown Group, an iconic $575 million development that is set to become Sydney’s most sought-after place to live when it opens this year. The 20-storey building with 326 luxury apartments has captured the public’s attention with its iconic looped design by Koichi Takada Architects on the corner of Botany Road and Bourke Street.

Residents will be spoilt for choice when a new Asian eat street and dining precinct with wine and coffee bars opens on their doorstep, as well as a medical centre, hairdresser, dry cleaner and two supermarkets. The development forms part of the $8 billion Green Square transformation that will see a new train station and aquatic centre open, in addition to the stunning Green Square public library which opened last year.

“Infinity by Crown Group is already attracting a lot of attention from renters for its striking landmark design and because of its unbeatable location, with direct access to Green Square train station, just one stop from the city, and a new Woolworths supermarket,” Mr Caudullo said. “It’s the choice of a lifetime and it has that 20-minute-rule appeal – you can work, live and play all within a 20-minute radius which is such a luxury in today’s world.”

Residents will also have access to Crown Group’s signature resort-style facilities, which include a rooftop pool, rooftop gardens and a sky lounge with stunning views all the way to the city, as well as a spa, gym, music room with a baby-grand piano and a private cinema.

Nearby Waterfall by Crown Group will be a landmark residence when it is completed this year at 18 O’Dea Avenue, Waterloo, with NSW’s tallest man-made waterfall at 22m high. The development, designed by SJB architects, offers a beautiful new community with abundant lifestyle facilities, including a new park in the Lachlan precinct. It sets itself apart with its natural design features including a tranquil internal lagoon and a rooftop escape with an outdoor cinema, a tropical bamboo walk. It will also have an infinity rooftop pool, a function room and a music room with a grand piano.

Mr Caudullo’s team expects demand at both developments to be as strong as it was for Arc by Crown Group, where the leasing team took nearly 2000 enquires for 80 apartments last year. The residential tower brought a sense of luxury to the heart of Sydney when it opened in October 2018. The building designed by Koichi Takada Architects offers residents luxe apartments, access to an insta-famous indoor swimming pool and spa, new ground floor restaurants and stores and a private rooftop lounge and bar with amazing city views.

Crown Property Agency provides owners and tenants with a streamlined and easy choice for full property management services, from processing leases to qualifying prospective tenants, collecting rents, as well as property inspections and advertising.

“As an award-winning elite team, Crown Property Agency offers superior service and a great product to our buyers,” Mr Caudullo said. “Our professional experts are equipped with extensive knowledge, have easy access to all information within our developments and can grant exclusive early access for leasing inspections even before the property has settled.

“This means we can always help renters find the best property and give investors the ability to maximise the rental return on their investment.”

In 2018, the agency received 11,000 enquiries and leased more than 400 apartments, held 8500 inspections and processed 2500 applications, achieving above-market rental yields for owners.

 

Media Interviews

Crown Group Director of Property Management Anthony Caudullo 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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