News

Rebranded estate set to be released onto the market

Article from ‘Hills Shire Times’ – Katrina Creer – 11 May 2018

A BOUTIQUE estate in Sydney’s growing northwest, set to be released onto the market this month, has already attracted more than 500 registrations of interest.

The 12ha site located on Terry Rd, Box Hill will comprise of 190-lots, most of which will offer a district outlook.

Legacy Property has taken on the project described as `an intimate masterplanned community’ and rebranded it as Box Hill Heights. The original developers of the estate, which had been called Halcyon Rise, were placed into liquidation.

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Legacy Property set to deliver prime residential site at Box Hill in Sydney’s north west

Residential property developer, Legacy Property today announced the acquisition of a 12 Ha residential development site at Box Hill in the rapidly growing North West Priority Growth Corridor.

Legacy Property has taken over the residential development site, previously known as Halcyon Rise and will re-brand the site as Box Hill Heights.

The new masterplanned community, located on Terry Road, Box Hill includes 190 residential lots.

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How can a mortgage broker help?

Each year mortgage brokers help thousands of Aussies find home loans that suit their particular needs and financial requirements.
With more than 4000 mortgages on the market, using a broker can be a great way to save serious money on your home loan.
That’s because brokers have regular contact with a wide variety of lenders, meaning you are effectively getting access to many lenders and their loan options.
But as with any important financial decision, it’s important to use a broker who has the requisite skills and experience to give you the best possible outcome.

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Affordable buying in Sydney’s Box Hill

With Sydney retaining the title as Australia’s most expensive property market, investors and house hunters city-wide are searching for affordable real estate.
Box Hill, located just 45 kilometers north west of Sydney’s CBD, could be the answer.
Situated within The Hills Shire Council, Box Hill was once semi-rural. But that’s all changed as the area becomes increasingly popular with families, investors and first home buyers.
Box Hill is currently experiencing a boom, with another 30,000 residents forecasted to be living in the precinct by 2036.

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Selling season: When to list your property for sale

When it comes to picking the best time to sell your property, there are no hard and fast rules. However, there are pros and cons to each of the major selling seasons you need to consider.
With that in mind, here are some tips for vendors who are trying to figure out the best time of year to list their property on the market.

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Which path to take? Auction or private treaty?

So you’ve decided to sell your property. Now comes one of the biggest choices you’ll need to make – auction or private treaty.
Both selling methods have their pros and cons, but Benjamin Martin of Belle Property Balmain says making the right call depends on your particular circumstances.

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The year in numbers: Sydney property market in 2017

Sydney’s housing market has experienced another standout year in 2017 with property prices, auction clearance rates and housing lending remaining robust.
“Home prices are growing at a slower pace in many markets, but back to more sustainable levels. Home affordability will start to improve again in major cities.”

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2018: The year ahead for Sydney Property

The Sydney property market is set to shift in favour of buyers in 2018 as house price growth adopts a more moderate pace across the city following a sustained period of double-digit rises.

That’s the view of several industry experts who predict Sydney’s record-breaking house price growth will ease over the next 12 months, improving opportunities for house hunters.

SQM Research, for instance, said it was likely that the rate of property price increases in Sydney would slow early in 2018, before recovering later in the year as lending to investors increased.

“Our Sydney forecast for this year of price growth of 11 per cent to 16 per cent will not be reached and a more moderate 6 per cent to 8 per cent increase in prices can be anticipated,” SQM Research director Louis Christopher said recently.

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Is Christmas the right time to buy property in Sydney?

Christmas is usually the time of year when Australians like to take a break from work and spend well-earned time off with family and friends.

But it can also be a great period for buying property, if you go about it the right way.

For house-hunters keen to make the most of the festive season, here are some tips to get the best out of what is often considered the property market’s low season.

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Spring time market

Spring is under way, marking the start of Sydney’s busiest property trading season.

Over the past five years, robust listings and strong auction clearances have set a high bar for the annual spring selling season, which has helped push the city’s property prices to record levels.

However, there are signs that relief for buyers could be coming, with data from real estate data provider CoreLogic showing an easing of prices in the harbour city, for the first time since 2015.

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Borrowing to invest

There’s no doubt that lenders have tightened their mortgage purse strings following new rules brought in earlier this year to combat so-called “heightened risk” in the housing market.

The rules, announced recently by the Australian Prudential Regulation Authority, especially impact those borrowers considering buying a house with an interest-only loan.

That’s because the APRA-mandated changes dictate that banks must limit interest-only lending to 30 per cent of total new residential mortgage lending.

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Foreign buyer interest

There are early signs that interest from foreign buyers in the Sydney property market may be easing, driven by new NSW government laws, and a crackdown by China on overseas investment.
Legacy Property CEO Matthew Hyder said foreign, especially Chinese, buyers looked to have toned down their enthusiastic activity in the Sydney market.
“There was a big push before June 30 for foreign purchases to settle under the old legislation in order to avoid the added stamp duty and land tax costs,” Mr Hyder said.

“We have seen a meaningful reduction in demand from the Chinese for off-the-plan apartments. This trend is positive for local buyers because it should open up more opportunities for them to purchase in Sydney, particularly when it comes to apartments.”

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Sydney’s best property developers announced at industry awards

It wasn’t just the big firms that did well at the awards. Independent developer Legacy Property was proud to take out the High-Rise City Apartments Development award for Capitol at Bondi Junction.

The high-rise award, which recognises residential developments that are more than five storeys with a minimum density of 30 dwellings per site hectare, pointed to the project’s unique design and integration into its surrounds.

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Choosing a real estate agent? Four questions to ask yourself.

Choosing the right real estate agent is one of the most important decisions to make when it comes to selling your property. Your agent will be in charge of your sale including negotiating settlement, legal terms, marketing and, of course, coordinating the auction. Here are four questions to ask yourself when choosing your agent.

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Surging rental demand in Sydney

When it comes to Sydney’s skyrocketing house prices, much of the focus is on owner-occupiers. However, they’re not the only ones impacted by the booming market.

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Penrith property market tipped for growth

As house prices continue to surge across Sydney, a growing number of home buyers are competing to find real estate that combines affordability with amenity.
Penrith, in Sydney’s west, is one market that has emerged in recent years as an exciting location for families looking for relatively affordable Sydney property, with lifestyle upside.

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The ideal Australian home in 2017

For many Aussie families, the great Australian dream used to be pretty simple – a freestanding home in the suburbs on a quarter-acre block with a big backyard. However these days, it’s not that straightforward.

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The ins and outs of project homes

When it comes to building a new home, project homes have become a very popular option amongst Sydney-siders. Knowing what to expect and how to navigate the process will help you secure the house of your dreams.

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How energy efficient homes slash power bills and save the planet

Whether you’re building a new home or undertaking renovations to an existing dwelling it makes sense to look for ways to increase the energy efficiency of your project.
With Australian homes responsible for about one-fifth of the nation’s greenhouse gas emissions1, boosting your project’s eco-friendly credentials is good for the planet.

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Caddens Hill

Legacy Property’s newest residential community – Caddens Hill near Penrith – will provide 550 new homes in Sydney’s fast growing west.

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WestConnex

The WestConnex motorway is the largest infrastructure project of its kind in Sydney since the construction of the iconic Sydney Harbour Bridge in the 1930s.
The project, often described as the “missing link” in Sydney’s road network, commenced in March 2015 and is due for completion in 2023.

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Compulsory Acquisition

Simply put, compulsory acquisition is when an authority, usually a state government or the Commonwealth, acquires privately owned land or property.
The reason the Commonwealth can forcibly take your property is that it has the legal right under Section 51(xxxi) of the Constitution of Australia, while the states are similarly empowered under relevant state legislation.

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Time to bloom: Spring 2016 Property Outlook

Spring has always been considered a good time to sell a property. Everything is in bloom and looks brighter. But spring can also attract a flood of properties onto the market, making it harder to catch a buyer’s eye.

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When small is better

The Aussie dream of owning a big home with a picket fence on a quarter-acre block is fast becoming out of reach for most, so smaller apartment living is on the rise. Are you embracing the ‘tiny house movement’?

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Economic outlook for the lead up to Christmas

Australia certainly faces a number of speed bumps as the economy continues its ongoing transition to non-mining activities. In the face of falling commodity prices and mining investment, the focus is shifting towards housing construction and the services sectors. So what does this mean for property prices?

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Changing the locks – The rules of tenant eviction

It’s a situation most landlords hope to avoid but there may come a time when you find yourself needing to evict a tenant. Perhaps they’ve failed to pay the rent or caused damage to the property, or maybe you want to renovate or sell. Whatever the driver, being prepared and having a good understanding of the laws and processes of tenant eviction can save you time, money and stress.

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Raising rents for good return

Want to raise the rent on your investment property but are worried about the repercussions? To earn a healthy cashflow you need to strike the right balance between charging a good level of rent and being able to attract and keep tenants.

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First home buyers – Think ahead to get ahead

For some time we’ve been hearing that first home buyers are being squeezed out of the Sydney real estate market. However, revised data from the ABS reports that first home buyers, and particularly first home investors, make up almost 20 per cent more of new sales than previously reported. To get a foot in, buyers will invest in one area whilst they continue to rent in another, foregoing the First Home Owners Grant.

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Sydney’s new millionaire suburbs

2014 was a stellar year for the Sydney property market pushing the average price for a number of suburbs over the million dollar mark. The Inner West, Hills District and St George regions were home to a lot of the new entrants. Read more to see if your suburb made the list.

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Tougher conditions for investment property loans

Investing in residential property has always been a popular option for Australians. Add low interest rates and a buoyant market to the mix and it’s no surprise that it is more popular than ever. But not everyone is thrilled about what’s going on in the property market including the RBA. In this article we examine the potential for stricter lending practices to limit risky investor lending.

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New house and land packages at Greenway

A set of 11 house and land packages will soon be released at Greenway, a master planned community in the heart of North Western Sydney’s new growth centre, Marsden Park. These architecturally-designed homes are part of The Greenway Collection and will be constructed by renowned builder Rawson Homes. All properties are double storey with four bedrooms, two bathrooms and a single garage.

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The ins and outs of house & land packages

Buying a house and land package simplifies the process of getting a brand new home. It also offers a number of attractive features, making it a good option for both owner-occupiers and investors. So whether you want to build your dream home, or buy an investment property that is low maintenance and appealing to tenants, it’s worth taking a closer look at house and land packages.

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Blueprint bliss tips for buying off the plan

Buying off the plan can be very rewarding – you get a brand new property and you get to delay your payments. But of course, it has its risks too. In this article we explore the pros and cons of buying off the plan to help you make sensible decisions.

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It’s not a home, its a house -presenting your house for sale

When it comes time to presenting your home for sale, the number one tip from Kate Bonselaar, a senior stylist at Advantage Property Styling, is to “look at your property as a product to be marketed, as opposed to your home”. To help you step back from your home and prepare it as a house for sale, we look at five key areas to focus on.

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Bliss or burdon? The pros and cons of holiday homes

The extended Easter Anzac period was a great opportunity for Australians to take some time off work and head away on holidays. Whilst enjoying the last of the summer sunshine, many would have been doing the sums on buying a holiday home. On first glance it seems like a great idea, but does this type of investment make sense?

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悉尼西北增長走廊首個住宅新區Greenway正式動工

【看中國訊】悉尼西北增長走廊Marsden Park的首個總體規劃住宅區Greenway上周宣布正式開工。 Greenway去年底首次向市場公開發售首批100多套買地建房套餐,短短兩個月全部搶購一空。 開發商Legacy Property的首席執行官海德爾(Matthew Hyder)在開工儀式上宣布,Greenway 的建設進入了一個令人振奮的新階段。

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Greenway build with 700 homes

“THIS is planning how it should be done” is how Riverstone MP Kevin Conolly described Greenway, the area’s newest residential subdivision, as major civil engineering works on the Richmond Road site got under way last Wednesday.

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So impressed he told his friends

Developed by Legacy Property, the first and second stages of Greenway have been snapped up by both first-home buyers and upgraders. There will be further land releases at Greenway in the near future.

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Picking Sydney’s property hotspots in 2014

Picking the next ‘boom’ opportunity in the Sydney property market is no mean feat. We take a look at the views of Chris Gray from Your Empire and John McGrath from McGrath for their tips on where to invest in 2014.

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North Sydney set to be given new life

“Cranes are dotting the skyline in North Sydney’s CBD, with a significant number of developments and strong sales pointing to residential interest in the area once again.”

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Mortgage rates are creeping up

Fixed-rate mortgages are having their time in the sun as historically low interest rates have encouraged property owners to lock in their home loans.

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Investing in Sydney’s western growth centres

Many buyers, including first home owners, are finding it hard to find suitable housing at a price they can afford. Fortunately, relief is being provided by new property growth areas in Sydney’s North West and South West.

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Buyers snap up first Greenway land release

More than forty families are on their way to creating their dream homes after snapping up the first house and land packages offered at Greenway – the newest residential community in Sydney’s North West.

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Strong buyer demand for Greenway

The first release of house and land packages at the Greenway in Sydney’s north west proved to be a success with 80% of packages snapped up over the weekend.

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High-society attractions

‘An increasing number of Australian developers are also opting for communal rooftop facilities as a way to differentiate their projects from the competition’

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Greenway launch

“Legacy Property launched Greenway at Marsden Park in Sydney’s north-western fringe on Saturday. Of the 50 house and land packages available, 80 per cent sold.”

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Greenway Sales Centre Open

The Greenway Sales Centre is now open!
7 days a week from 10am to 5pm each day.

Come along and preview the range of house and land packages soon to be released.

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Montrose Demolition Commences

Demolition work began this week to allow construction of Legacy Property’s $70-million Montrose project, located at 239-247 Pacific Highway, North Sydney.

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GATEWAY NEARER TO OPENING

Montrose is the latest development to start construction following a successful sales campaign by Colliers International… With more than half of the 104 luxury apartments sold, builder Hindmarsh Construction Australia has embarked on demolition works this week with construction due for completion in mid-2014.

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Greenway Marsden Park

With parklands, shopping centre, cycleways, village green and playground, it’s the little things that make Greenway at Marsden Park so special.

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Montrose Video

Every apartment inspires a living environment that seamlessly blends open interior spaces and cascading natural light flowing to broad balconies encompassing glorious Harbour and District views. Quality and style meet natural beauty on every level.

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Capitol Bondi Junction

As Bondi’s most prestigious new place to call home, Capitol adds a sophisticated new dimension to luxury apartment living.

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Architecture & Design – Montrose

Rooftop cinema added as appealing touch for Sydney residences

A new North Sydney residential development has incorporated a rooftop cinema and garden, a trend popularised in Melbourne.

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City Wants a Fun Reputation

City Wants a Fun Reputation

A revitalisation effort is attracting more residents… One developer making inroads in the area is Legacy Group, which is marketing its Montrose development of 104 apartments.

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Property Observer – Montrose

Democratising the rooftops as high-rise penthouses become passé

The rooftop of early apartment complexes were once home to a simple dreary washing line, but now what’s on the rooftop is almost as important as what is in the newly completed apartment.

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Open-air Advantage

Creative ‘outdoor rooms’ will win over buyers this summer.

‘Long, warm nights and laid-back afternoons. Whether it’s barbecues on a Saturday afternoon or reading the paper with a good coffee on a Sunday morning, Sydney’s temperate climate is synonymous with outdoor living…

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Green-feel apartments

Alceon has formed a joint venture with developer Legacy Property to build 470 apartments in Meadowbank in Sydney. The 1.6-hectare site is across the water from the Rhodes peninsula which has seen a surge of recent apartment development.

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Daily Telegraph – Montrose

Gen Y wade into property game

“Montrose has been popular with a wide cross-section of investors. Of the 104 apartments, 40 per cent have already been sold, the majority being studio and one-bedroom units which have gone to investors.”

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Trim, taut and terrific

‘Apartments are downsizing in the name of affordability’

‘Small, but perfectly formed – that’s becoming a mantra for developers… Shared green areas and facilities are increasingly being provided to give residents more room to play beyond their units. Colliers… marketing the 104-unit Montrose in North Sydney, with studios from 41 square metres and one bedrooms from 48 square metres.’

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Property Observer – Montrose

One project, the Montrose development in North Sydney (pictured below), which features a rooftop cinema, sold 25 apartments off the plan last weekend, six of them to first-home buyers in a pre-launch VIP sale…. The official launch of Montrose will be this weekend.

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11-storey luxury units

$70 million proposal for CBD gateway

“A proposed $70 million luxury apartment block, branded the ‘‘gateway to North Sydney’’, is one of a new breed of developments aimed at increasing density in and around the CBD.”

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Sydney Morning Herald – Montrose

“MANY first home buyers defied the pundits and went out looking for new or off-the-plan apartments at the weekend in readiness for the $15,000 government grant that starts today.”

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Australian Financial Review – Montrose

“Residential developer Legacy Property is among numerous developers launching projects to coincide with the NSW government’s $15,000 handout to first-home buyers who buy new homes.”

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Developer sets sights on CBD

A PROPOSED $70 million luxury apartment block, branded the ‘‘gateway to North Sydney’’, is one of a ‘‘new breed’’ of developments aimed at increasing density in and around the CBD.

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Executive appointed

Legacy Property is pleased to announce the appointment of Mark Maryska as Senior Development Manager. Mark, who has an 18-year career in the property development and construction industry, was most recently the General Manager (NSW Developments) for Laing O’Rourke Australia.

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GreenWay Taking Shape

GreenWay is currently being masterplanned and expected to be launched in 2012. Legacy Property is committed to ensuring that GreenWay is a residential community offering a wide range of lifestyle choices for future residents.

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Golf Course Opening Soon

Sydney’s first Greg Norman designed championship golf course has recently been completed adjoining GreenWay. 14 of the 18 holes are fully established with the remainder to be finished over the next months.

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Contact Us

MLC Centre, Level 27
19-29 Martin Place
Sydney NSW 2000

T: (02) 9252 1111
E: info@legacyproperty.com.au

ACCOUNTS:
E: accounts@legacyproperty.com.au

AGENTS & LANDOWNERS:
Mike Williams
E: mwilliams@legacyproperty.com.au

INVESTORS:
Carolyn Teague
E: cteague@legacyproperty.com.au

 

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