Melrose Park Record Sale

Melrose Park continues to prove popular with buyers, despite the current Covid-19 pandemic and its impact on the local economy, with a three-bedroom apartment selling for a project and suburb record price of $1.3 million.

The apartment on the top level of The Residences – the second stage of the Melrose Park Project – includes an ensuite, main bathroom, media room, and a large wrap around terrace.

Boston Marketing Managing Director Rhys Morgan, who is selling the project on behalf of Sekisui House Australia, said a record sale in the current economic climate is a testament to the project.

“The current lockdown is causing uncertainly and hardship for some people, however real estate continues to be seen as a good investment on a medium-term basis,’’ Mr Morgan said.

“This is a particularly well-designed and spacious apartment, which is ideal for the couple who bought it who were looking to downsize.’’

Sekisui House Australia Project Director for Melrose Park Simon Adams said the sale showed the project was attracting interest from a wide range of buyers - first home buyers, investors and downsizers.

“We believe the AJ+C-designed buildings and the well-appointed apartments are a feature, but also the open space, commuter connection bus service, the Melrose Park Rider, and health and lifestyle facilities,’’ he said.

More than 800 apartments have been sold across the first four stages of the project, One Melrose, The Residences, Pulse & Pavilion and Melrose Park Village.

The latest stage, Melrose Park Village, which includes a small-format supermarket, a 4000-square metre private communal central park and health facilities, set a Sydney off-the-plan benchmark with more than 100 sales on the opening day.

Residents moved into One Melrose in late-2020, with The Residences nearing completion, and work is progressing well on Pulse & Pavilion.