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Stamp Duty Change and Location drive ‘biggest rush in the East’ response to Landmark Randwick development



Sydney, Wednesday 27 June 2012: On the weekend, the Landmark Randwick development’s sales launch generated an overwhelming buyer reaction that some, who have been in the business for over 20 years, characterised as ‘the biggest rush seen in the East

The Eastern suburbs is already a strong investor market and the ability to take advantage of no stamp duty payable for sub $600,000 purchases before June 30th figured strongly in the list of factors that dozens of keen investors cited as motivators for their interest in the Sales Launch of “Landmark Randwick” Barker Street development in Sydney’s Eastern Suburbs.

“Investing in off the plan has always been incredibly popular and certainly investors were as strong as ever with a hugely positive response to last weekend’s Sales Launch ” said Mint360property’s General Manager Diane Goncalves.

“With the upcoming changes to stamp duty, the opportunity to secure a quality product with a quality developer at a sale price below $600,000 will effectively provide buyers with savings of up to $22,490 compared to next week. This significantly increased the motivation to exchange contracts amongst keen investors. In fact our sales director, David Gray, who is one of the areas most experienced auctioneers stated that it was the biggest rush he’d ever seen in the East” she said

The leading boutique Eastern Suburbs real estate agency, who is marketing the property on behalf of the Zonie Property Group, reported however that the high level of competition between excited buyers for Landmark’s luxury one and two bedroom apartments, penthouses and skyhomes was primarily motivated by quality and the location: only 150 meters from the Spot with its bustling restaurants and Ritz Cinema, and an easy 980 metres to Sydney’s much-loved Coogee Beach.

The introduction of 117 high quality apartments in a unique low rise residential building in the heart of Randwick The developer’s reputation for quality and design by Architects Jackson Teece whose work is characterised by a commitment to environmentally sustainable outcomes and the integration of the aesthetic, the practical and the commercial certainly added to the buzz that created a sense of real competition amongst buyers ‘in the room’ that saw more and more “RED dots” placed on the apartments as the scheduled appointments continued throughout the day.

This Saturday 30th June will be the last opportunity for potential purchasers to secure one of the remaining sub $600,000 garden apartments free of stamp duty. The sales display office at 201-207 Barker Street, Randwick will reopen from 11am to 4pm on Thursdays, Fridays and Saturdays from tomorrow (Thursday 28th June).

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About Landmark Randwick:
Landmark Randwick is a unique low rise residential building in the heart of Randwick by developer Zonie Property Group. The site that occupies over 4900sqm over a three street frontage is positioned on the eastern side of Avoca Street, on the corner of Barker Street. The four buildings are designed to maximise space and natural light, a feature of the project is the central landscaped courtyard. For more information on Landmark Randwick, see Information Sheet attached or visitwww.landmarkrandwick.com.au

Arthur Perdis, Mint360property’s Project Marketing specialist is leading sales and marketing for this development.

About Mint360property:
Mint360property is a leading Eastern Suburbs real estate agent who offers a complete 360o service for all property needs based on the premise of one contact, one answer, one exceptional outcome. With a staff of 32, Mint360property is an independent and forward thinking business that is passionate about property and achieving exceptional results. Its professional services encompassing sales, property management, development and finance within the one office. Its commitment to clients is ‘making your difficult decisions easier’. www.mint360property.com.au

About Randwick
In the year to June 2011 the estimated resident population of Randwick City Council, one of Sydney’s most sought after city-coastal lifestyle areas was 133,945: an increase of 0.8% compared with the prior year. http://www.landmarkrandwick.com.au/randwick.htm

For more information:
For interviews, high res images or additional information from Mint360property about sales and marketing of this project please contact

Lesley White Tamara Brown
Mobile: 0451 301 201 Phone : (02) 8383 7926.