Construction won’t be completed until late 2009, but Stockland’s “Village” apartment complex at Balgowlah in Sydney is proving to be popular with buyers.
Get in touch with the developers and you’ll receive a showbag full of goodies, including a disk with the contract on it and detailed information on the 77-apartment Brimbecomb block. The catch – it’ll cost you $10,000.
That’s right, you’ve got to hand over some big dollars just to show you are seriously interested. Apparently Stockland has their reasons for the fee:
“That’s to verify a committment, if you go ahead that’s the money you exchange on and within fifteen days of exchange they top up to ten per cent of the price.”
– Stockland’s national apartment sales manager Peter Chittenden
You can pull out later and get your money back, so you won’t lose your cash, but it does seem a bit extreme to be asking for $10,000 just to be one of the first to find out more about “The Village”. But what would I know – they had 54 groups do just that on the first day. Prices for the off-the-plan apartments range from $395,000 for a one-bedroom apartment through to upwards of $985,000 for a three-bedroom home.