The property market is rapidly changing with more interest rate cuts, bank regulator APRA’s proposed plans to relax lending restrictions, property price reductions and investors exiting the market.
First home buyers are starting to capitalise on these fluctuating market conditions in one of the fastest growing master planned communities in South West Sydney, New Breeze at Bardia, which has witnessed an influx of enquiries and purchases from first home buyers.
Suniel Ghimire and Ruby secured a 250 sqm land parcel in New Breeze at Bardia.
Suniel said: “As first home buyers, Ruby and I had been working very hard for several years to save for our first home.
“A friend living in Edmondson Park introduced us to the area. We could immediately see the current activity and future potential of the South West Growth Corridor and visualised ourselves being part of it.
“New Breeze at Bardia was an obvious choice with its proximity to Edmondson Park train station, the future Ed Square town centre and extensive community facilities. “Several friends have also purchased in the estate which made our decision very easy,” Suniel said.
Stephen Bambury, sales manager at New Breeze in Bardia says current market conditions are providing a favourable purchasing environment for first home buyers.
“We are witnessing a flurry of enquiry and purchases from this demographic,’’ he said.
“Several smaller land parcels and house and land packages have been released to meet their requirements.
“These buyers are savvy and understand when they see value.
“Bardia is located in the epicentre of the thriving South West Growth Corridor and location is incredibly important for first home buyers.
“They are looking for affordable house and land packages, wide open spaces, community facilities, shopping centres, schools and transport infrastructure all on their door step.
“The private sector as well as federal and state governments continue to collectively spend billions on infrastructure in the South West Growth Corridor which first home buyers have recognised.
“There are green shoots everywhere. Purchasers from the South West including Campbelltown, Liverpool, Edmondson Park and Fairfield are predominantly taking advantage of the buying opportunities in the region.”
Campbelltown is located in the middle of the South West Growth Corridor.
Its population is forecast to grow from 158,941 to approximately 300,000 by 2036 according to the National Institute of Economic and Industry Research 2015.
This gain will position Campbelltown at the forefront of Sydney’s metropolitan development.
New Breeze spans across 89 hectares and will comprise approximately 1,264 homes when completed in 2020.
The development will include large high quality parks and playgrounds, a sports oval, bike and cycle paths and 40 hectares of open spaces for recreational activities.
Land sizes start at 227sqm and are priced from $319,900.
The sales office is located at 77 Bardia Avenue, Bardia. For further information or to register your interest in New Breeze visit www.newbreeze.com.au or call 1300 832 482.