10 December 2014 Market makes noise as Shout Ridge apartments sell out


First home buyers, downsizers and young families – almost of third of whom had already purchased at DHA’s Lindfield development Crimson Hill on Sydney’s leafy North Shore - were among those to buy out the final stage of one and two-bedroom apartments at the development this week.

The 47 apartments, priced from $575,000 for a one-bedroom and from $730,000 for a two-bedroom, sold out in less than 10 days of their release to the market. Total sales value for Shout Ridge alone is more than $36.25 million.

Shout Ridge captured the imagination of buyers, with organic, floating curved balconies that step down into a backyard of National Park bushland and high-quality design and attention to detail.

“Crimson Hill was our first foray into the apartment market, and its success is a testament to DHA’s finger being on the pulse of the property industry,” says DHA Managing Director Peter Howman.

Curtis Field, Director of Residential at Colliers International said buyers had waited three months for their chance to buy. An unprecedented percentage of purchasers had already bought at the project in earlier stages; and an equally high proportion of buyers had come via referral, he said.

“It is very unusual to have such a strong level of both repeat purchasers and referral buyers. That speaks to the quality of the project and the unique location. It’s been the kind of development that buyers talk about for all the right reasons,” he said.

The architecturally designed one and two-bedroom apartments sit across two buildings. Contemporary and geometric in form, the apartments feature wave-like balconies that cascade gracefully into the surrounding Lane Cove National Park.

One of the most striking features of the Shout Ridge design is the distinctly different facades for both the front and rear of the buildings.

The entrance reveals a strong symmetrical framing around the first three levels of apartments – reflecting robust contemporary Australian architecture and complementing the streetscape and the near-complete Hamilton’s Corner building. At the top level, a soaring, cantilevered, timber-clad roofline (soffit) opens balconies up to northern sun.

The other side of the building presents an elegant curved façade that reads almost as a series of pavilions, and is inspired by the rising rock formations from the valley that drops away revealing long views in the National Park below.

“Shout Ridge effectively has two facades, which lends a distinct architectural point of difference for the whole project,” said Mr Howman.

The apartments have generous open plan interiors that combine the well-planned placement of doors and walkways to provide efficient and flexible floorspace. The building orientation means apartments capture breezes for year-round cross-ventilation.

There are also 2.7 metre ceilings with full-height windows and sky-lights in some apartments, maximising natural light and sense of space.

Oversized kitchens with Ilve appliances, glass splashbacks and stone bench tops create the perfect entertaining space. Bedrooms are discreetly located for maximum privacy, and a choice between two colour palettes for the interior design creates a personal touch.

-ENDS-

DHA Contact:

Rachael Whiteley-Black Media Manager

M: 0421 040 098    E: media@dha.gov.au

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