New Cockburn Central Apartment Units Pitched by REIWA Sell Impressively Despite All-time Low First Home Buyer Levels
Perth, WA (PRWEB) January 17, 2014 -- According to the latest ABS data released, the proportion of first home buyers fell to a dismal percentage of 12.3% in November – an all-time low since records began in July 1991 (http://www.brokernews.com.au/news/breaking-news/first-home-buyers-at-lowest-ever-levels-182942.aspx). Despite this, however, Kingston the Fourth, the last installment of Kingston’s apartment building development, has managed to attract buyers – proving that with the right offering, investors will come and purchase.
REIWA’s licensed real estate agents (who are offering Kingston the Fourth to investors) report that within a span of four weeks, 20 percent of the 64 stylish apartments (which come in: one bed and bath; two beds and two baths; two beds and two baths plus study varieties; and ground floor commercial units) were sold. They are expecting more sales to be closed within the first quarter of 2014, especially now that there’s a call on governments to review support for first-home buyers after the recent release of statistics. It’s important to recognise as well that there’s a new breed of property investors who are looking to buy apartment units as a source of income to cater to, which goes to show that the paradigm shift (created by the global recession) is significantly benefiting the real estate industry by creating a different yet reliable market.
As a residential investment, Kingston the Fourth is indeed a worthy one – located in the highly desirable Perth suburb Cockburn Central, it offers a lifestyle that Perth locals desire. Many important establishments such as the Cockburn Gateway Shopping City, Cockburn Central Train Station, fancy dining venues, and others are just a stone’s throw away, making a large chunk of life’s daily activities so much more convenient to accomplish. Also worth adding is the $114M recreation facility planned to rise within the community soon – this targets to create more dynamism in the lifestyle of local residents.
A Kingston representative points out, though, that while there’s an abundance of provisions outside the apartment complex, residents do not need to venture out for recreation or an enjoyable experience because Kingston the Fourth is designed in such a way that the need for fun, relaxation and socialisation can easily be met within its confines.
“Return to the privacy of your apartment complex and let the tension fall away. Whether working out in the exclusive, fully equipped gymnasium or swimming laps in the pool, it's the perfect place to ease into the day or evening. What's more, with an impressive outdoor cinema, sheltered BBQ area and deluxe pizza oven, you're well and truly groomed to announce yourself as the king (or queen) of entertaining,” suggests the representative.
For all those who resolve to finally have a beautiful home to their name, Kingston the Fourth in Cockburn Central is worth a visit; there are several REIWA agents pitching the new apartment complex and they can help provide all information required by clients to make a thoroughly informed decision about this investment, especially considering how fast the units are selling these days. The agents can even assist first home buyers on how to get a state grant so they can finally become certified property owners. To learn more about other available help, visit http://www.reiwa.com.au.
Brian Greig, Real Estate Institute of Western Australia, http://www.reiwa.com.au, +61 893808274, [email protected]
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