Stephen Nicholls July 28, 2012
Views … an artist's impression of Australia Towers II.
AFTER six months and no interest in a tough market for exclusive homes, developers trying to sell penthouses at Olympic Park have changed plans.
Instead of four two-storey $1.8 million luxurious apartments on levels 24 and 25 of Australia Towers II, they've downsized. Buyers can now choose between eight one-bedroom apartments priced between $599,000 and $630,000.
The one-bedders will range in size from 51 square metres to 71 square metres and boast views over Homebush Bay to Chatswood, the city, the airport and the Blue Mountains.
The 180 square metre versions were apparently ''too large'' for people's needs, according to the general manager of Colliers International, David Chittenden. ''Yet plenty of people still covet a penthouse lifestyle at an affordable price,'' he said.
The apartments are being sold off the plan from today and will be completed in 2014. The first high-rise, Australia Towers, is now home to 600 people. A third and final tower will be launched next year.
Mr Chittenden said he is expecting a strong response at today's launch.
''Investors are making their presence felt, but to have level 24 and level 25 apartments like these, we're thinking these will very much suit the executive owner-occupier.''