Dre Diesel—Affordability woes drive first home buyers’ South-West of Sydney

By Dre Diesel
Image used for representational purposes only

The unique blend of competitive pricing, low interest rates and spacious family homes has drawn crowds of first home buyers to a $50 million residential project located in the growth suburb of Catherine Field, in Sydney’s south‐west.

Located less than an hour from Sydney’s CBD this project offers a range of brand new three to five bedroom homes priced from $481,000, that’s $369,000 less than Sydney’s median house price of $850,000.

First home buyers Prem and Muna Bhusal bought a four‐bedroom two‐level house in the residential project, ending a significant search for a brand new family home at an affordable price.

‘My wife and I were so relieved to find a large, new home within our budget. We currently live in Kogarah and it would be unheard of to find a comparable property in the area for under $1 million,’ said Prem the 28-year-old full‐time chef.

‘What also attracted us to this residential project was the infrastructure coming to the area as well as the proximity to major motorways and connectivity to other parts of Sydney. The new train station at Leppington and the airport proposed at Badgerys Creek will only increase property prices in the region,’ says Prem.

For many buyers, this residential project actually presents a cheaper option than renting. There are homes available from $481,000. This project is located in a key growth area making it the ideal investment for people wanting to break into the property market. It has access to M5 and M7 and great amenities with nearby shopping centres and good local schools.

The residential project sold-out and according to the property developer, first home buyers make up over half of these sales with many coming from outside of the area.

‘We are seeing a lot of buyers from outside of the area, much higher than we anticipated. Buyers are coming from areas such as Hurtsville, Fairfield, Kogarah, Rockdale and the inner west and are drawn to the affordable and competitive pricing, as well as the turnkey solution that we offer’ said the property developer.

Homes within the residential project have been designed by high‐profile architects, and built by a National builder. All homes have been carefully designed to complement the surrounding streetscapes. There are single and double storey options, with a range of traditional and contemporary facades.

All homes have a minimum of two bathrooms and most have double garages. There is also the option of two bedroom homes with a single garage from $481,000, the first of its kind in the area.

Homes come with a full turnkey offering and finishes have been selected with low‐maintenance living in mind, which is extremely appealing to professional time poor first home buyer millennials. Modern features include remote control garages and ducted reverse cycle heating and cooling systems ensure comfort all year round.

With golf courses, parklands, walking trails, shopping centres, childcare and good schools all within close proximity it’s easy to see why many Sydney based first home buyers are venturing further afield to suburb’s like Catherine Field in search of better value for money and turnkey House + Land.

About Dre Diesel

Dre Diesel’s project portfolio totals over $1.1 billion and these projects are based across Australia. Raised in Paris—educated in Sydney. Dre is specialised in Real Estate, Land Acquisition, Building, and Construction.

Through discipline, structure, consistency, and persistence, backed by professionalism and dedication, Dre remains Number 1 in his field and an industry leader.

Website: www.drediesel.com.au | Specialty Areas: New South Wales. Queensland. Victoria. South Australia. Western Australia | Headquarters: Sydney. New South Wales. Australia | Industry: Real Estate. Land Acquisition. Building. Construction | Type: Companies Privately Held | Founded: 2014

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