All 581 apartments of the Darling Square project
sold within five hours at the launch on Saturday. Buyers queued from 8 am and forked out more than $600 million to secure apartments with prices ranging from $800,000 for a 50 square metre one-bedroom apartment, to $10 million-plus for the 400 square metre four-bedroom penthouses. The apartments sold on Saturday are due for completion in 2018.
Sydney property remains Hot
and shows no sign of slowing.
Is the Sydney property market a bubble ready to burst? Seems everyone has an opinion on the booming property prices in Sydney and Melbourne and little wonder as it’s impact is far reaching across the nation. Even Greg Medcraft, the head of our largest regulatory body ASIC
, has thrown in his “two cents worth”. He has stated that he is concerned about the Sydney and Melbourne property markets and the likely bubble that we find ourselves in. Continue reading