Unparalleled offering sees high demand for The Gladstone Village
After keen interest leading up to the official launch of The Gladstone Village in Merrylands, ALAND’s event last weekend resulted in over 30 sales for the new $800 million dollar development.
Reflective of the continued desire for quality apartments in the current market, the sales contribute to a total of 148 units that have now been sold from stage one of this 2.5-hectare master-planned precinct, with 116 having sold prior to the three-day event.
ALAND CEO George Tadrosse spoke on the success of the launch weekend, and how it is evidence that demand is still outstripping supply when it comes to quality apartments, largely due to unprecedented pandemic-related roadblocks currently plaguing the construction industry.
“There is a tremendous amount of pent-up pressure in the Sydney apartment market and due to planning delays, as well as material and labour shortages, there are not enough new apartments coming onto the market to meet demand,” he said.
“Fortunately, ALAND is well-placed to deliver the much-needed stock for Western Sydney in the timeframe buyers are wanting it. Construction has begun on The Gladstone Village with delivery expected in the second half of 2023.”
“ALAND’s units have a solid track-record for success with a 0.5 per cent vacancy rate. There is a 4.9 per cent average yield for our apartments compared with Sydney’s average yield of 4.1 per cent. These impressive yields, combined with data showing Sydney apartment rents are rising, means it’s the ideal time to secure new property.”
Mr Tadrosse also said that whether house hunters are looking to buy their first home, upgrade, or invest, the timely release of The Gladstone Village is good news.
“ALAND’s units have a solid track-record for success with a 0.5 per cent vacancy rate. There is a 4.9 per cent average yield for our apartments compared with Sydney’s average yield of 4.1 per cent. These impressive yields, combined with data showing Sydney apartment rents are rising, means it’s the ideal time to secure new property.”
Perfectly positioned within footsteps of Merrylands train station and Stockland Merrylands, The Gladstone Village is also a short distance to Parramatta CBD and within a short distance of Sydney’s centre.
With demand for The Gladstone Village only increasing, the opportunity to secure a part of this next level development will not last long. To find out more, head to thegladstonevillage.com.au or contact us today.