Goldmate Property launches second stage of Albert Park, Box Hill with competitive first home buyer promotion

Leading Sydney-based integrated residential land developer,
Goldmate Property (of Goldmate Group), has announced the Stage 2 release of its fast-
selling Albert Park land estate in Sydney’s growing north-west region, along with a promotion
aimed at assisting first home buyers struggling to get a foothold in the property market.
For the remainder of 2018, first home buyers can exchange on any of Goldmate’s land lots,
including Albert Park Stage 2, with only a 5% deposit, with the remainder payable on
settlement.
Indeed, Albert Park, located at 19-25 Boundary Road, Box Hill, is offering aspiring
homeowners a boutique second release of only 177 lots, following the Stage 1 release of 82
lots, which is now sold out after its launch in January 2017.
Stage 2 of Albert Park features a diverse mix of lots in sizes up to 446sqm, with most priced
competitively between $390,000 and $612,000.
According to James Tetley, Goldmate’s Head of Sales, the Albert Park project is ideally
priced for first home buyers.
“Albert Park already features very competitive prices, and now with this special promotion,
first home buyers can secure land with a deposit of as little as $19,500, leaving them time to
save for the settlement and build costs,” said Mr Tetley.
“We’re finding around 50% of our enquiries are coming from first home buyers who are
strongly considering house and land rather than an apartment, and are looking at the north-
west, but are struggling to enter the market.
“As such, this straightforward and highly competitive offer is perfect for them and will really
help to alleviate the pressure.”
Other first home buyer offers in the market require a 10% deposit with some requiring
complex additional payment instalments down the track, but Goldmate Property’s promotion
is different, says Mr Tetley.
“Our promotion simply requires a 5% deposit on exchange, which can be in the form of cash,
bank guarantee or deposit bond, and the remaining is paid on settlement,” he explained.
“This will also make it easier for the parents of young buyers to lend a hand by leveraging
the equity in their home as a deposit, via a bank guarantee.

“On top of this, until the end of July, we are also offering a Home Buyer Kickstarter Bonus in
the form of a $6,000 rebate that buyers can put towards their new home build or use for
finishing touches. So, buyers need to get in quickly before this runs out.”
The north-west Sydney region’s booming growth in the last decade, as well as the area’s
outstanding family amenity and major infrastructure projects make the 6.51-hectare Albert
Park estate, which is Goldmate’s seventh project in the region, a sound choice for both
owner-occupiers and investors, says Mr Tetley.
“Albert Park offers buyers an outstanding opportunity to snap up an affordable land lot in a
highly-considered growth corridor.
“Uniquely, residents will also be able to nominate their own home builder or architect,
allowing complete freedom to build their dream home, or alternatively, to choose from a
selection of pre-planned house & land packages.”
Residents will also have direct access to 50 hectares of adjacent open space and will be
located only a short drive from some of the region’s outstanding amenities.
Meanwhile, major local business hubs such as Norwest Business Park in Bella Vista and
Sydney Business Park in Marsden Park are expected to employ up to 16,000 people.
“Albert Park will also be a five-minute drive to the future Cudgegong Road Metro Station,
due to open in 2019, meaning residents will be able to commute to the Sydney CBD in under
an hour. In the meantime, they can stay connected and have the choice between
Riverstone, Vineyard and Rouse Hill train stations,” added Mr Tetley.
“In addition, Albert Park is just a ten-minute drive from the ever-popular Rouse Hill Town
Centre, which offers shopping, dining, entertainment and further transport options.
“In 2017, we saw an incredible demand for land in Albert Park’s first stage and over 2018 we
expect this demand to continue with the release of Stage 2.”
Indeed, Mr Tetley says savvy buyers are responding to news that the $8.3 billion Sydney
Metro North West has seen suburbs in the north-west continue to soar in popularity.
According to the April 2018 Month In Review report by property valuation experts Herron
Todd White, the investment provided by the Sydney Metro North West, while long overdue,
has been a large factor in the suburbs of the north-west benefitting from stronger capital
growth than surrounding areas.
However, the report also cautions that 664,000 new dwellings will be needed by 2031 to
cope with Sydney’s additional population growth, meaning that demand for land and new
homes will continue to be strong over the next decade or more.
Importantly, Goldmate Group has a long-term view on the region, notes Mr Tetley.

“Goldmate remains committed to delivering affordable land for the growing north-west
Sydney region, and since our inception in 2015, we’ve delivered over 700 lots into the area,”
he confirmed.
To find out more about Albert Park Stage 2, please visit albertparkboxhill.com.au or call
1800 530 643.