New Deal for First Homebuyers

01 Jan 2014

New Deal for First Homebuyers

Brand new apartments built by Mirvac at the revitalised Sydney Olympic Park will be offered to first home buyers who qualify for one of the NSW Government’s first home owner schemes, as part of a new initiative welcomed by the NSW Government.

Planning Minister Anthony Roberts today said Mirvac will offer approximately 60 apartments to first home buyers, before they are offered to investors, as part of the stage one release of the Pavilions development.

“In our quest to see first home buyers get a foothold in the Sydney housing market, we welcome Mirvac’s commitment to boost the supply of housing in what will be a vibrant new precinct,” Mr Roberts said.

“We congratulate Mirvac on this initiative to give first home buyers first dibs - before investors - on the chance to buy an apartment in this popular precinct and allowing them to pay the deposit in installments.”

Mr Roberts said the current review of the Sydney Olympic Park 2030 Master Plan was being finalised in conjunction with other government agencies and rezoning of the site for residential precincts could be as early as mid-year.

Minister for Western Sydney, Stuart Ayres, said the Master Plan was the “the biggest revitalisation of Sydney Olympic Park’s history”.

“There are record investments in public transport, road and sporting infrastructure and a wave of new developments will create future homes of 23,500 residents and 34,000 jobs,” Mr Ayres said.

“We’re now seeing real business confidence from organisations like NRMA, Thales and the Rural Fire Service HQ choosing to set up operations right here.

“The Park is fast developing into a thriving, sustainable seven-day a week destination - another Western Sydney hub where people can live, work and play and it’s only 14km from the Sydney CBD.”

MEDIA: Norm Lipson (Minister Roberts) 0429 081 428

          Anna Hindson (Minister Ayres) 0437 094 873

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