02 August 2017 Arkadia aspires to redefine city living in Alexandria

The Arkadia apartments seek to reinvent city living without compromising on community and brings meaningful benefits to residents and the environment. With excavation works recently commencing, DHA Managing Director, Jan Mason, visited the site to inspect progress and see the Arkadia vision becoming a reality. 

‘When you think of Sydney living you don’t often imagine collecting freshly laid eggs or harvesting your own honey,’ Ms Mason said.

‘Those who choose to reside at Arkadia will not only have a home, they can also enjoy a veggie garden, apiary and a rooftop barbeque with city views.

‘We have seen significant interest from owner occupiers, including first home buyers, who are considering thriving areas like Alexandria and with whom the idea of a community really resonates.’

Director of Residential Project Marketing for Colliers International, Ian Bennett, agrees that there are great options under development for savvy prospective buyers.

‘New apartment developments like Arkadia are challenging the status quo of city living by creating a community that combines clever sustainability initiatives, real choice and great value for prospective buyers,’ Mr Bennett said.

With studio, one and three-bedroom apartments still remaining, there’s choices for everyone from first home buyers through to families and downsizers. The $10,000 first home owner’s grant is available for off-the-plan apartments, like Arkadia studio apartments*. Further, the recent changes to stamp duty in NSW means a significant discount of up to $32,490 is available for select apartments*.

‘Interest rates are low, couple that with State Government grants and stamp duty exemptions for eligible first home buyers in NSW means the dream of owning your own home is still within reach if you know where to look,’ Mr Bennett said.

With the added security of being backed by DHA, a Federal Government developer, residents can secure their new home with a 5 per cent deposit; another incentive for those aspiring to enter the market.

Arkadia combines contemporary apartment living with lush green spaces and distinctive residential facilities. Located at 18 Huntley Street Alexandria, Arkadia will comprise 152 modern apartments and terraces designed by high-profile architects DKO and Breathe.

* https://www.nsw.gov.au/improving-nsw/projects-and-initiatives/first-home-buyers/

ENDS

For further information contact:

DHA Media Manager, 0421 040 098 or media@dha.gov.au

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