Six diverse properties coming to market this week

We exchanged 416/16 Baywater Drive, Wentworth Point this week for $720,000 - the third, two bedroom apartment we’ve transacted in the Catania building in the last three weeks.

Aesthetically contemporary with affordable strata, the Catania building’s close proximity to the foreshore, promenade and Piazza, plus access to Pulse club and its facilities represents great value for money for prospective buyers, particularly first home buyers or investors.

Those looking to purchase for the first time are set to be even better positioned from 1 August 2021. The commencement of the First Home Buyer Assistance scheme will bring stamp duty thresholds back down and provide a range of concessions, including a full exemption on the purchase of new and existing homes under $650,000, and a concessional rate on those up to $800,000.

The scheme will likely direct more buyer focus to pre-owned dwellings such as those in the Wentworth Point market, which generally offer a lower price point than brand new properties, and remain within the threshold required to take advantage of the scheme’s incentives.

Construction of the Sydney Metro West project has been confirmed to commence by 2022. The project will deliver 11km of twin metro tunnels that will connect Parramatta and the CBD, via Sydney Olympic Park, adding yet another centralised transport link to the suburbs surrounding Wentworth Point.