09 July 2014

Canterbury is set to become the Inner Wests new hot spot for investors and first home buyers, says the international real estate group, Savills.

It is a suburb undergoing massive regeneration and growth, attracting families and professionals.

This is reflected in research showing apartments in Canterbury recorded a 105% increase in rents from 2003 to 2013, the fourth highest in Sydney.

The latest development to boost Canterburys stock of quality apartments is Habitat, from the well-respected Lumex Property Group.

Designed by leading architectural firm Turner, Habitat derives its name from the seamless connection between the indoor and outside green living spaces.

Habitat’s 134 apartments and townhouses set a new benchmark for Canterbury in style and sophistication, featuring timber floors, ducted air conditioning, AEG induction cook tops and integrated fridges and ovens.

The skilfully-designed apartments fuse with beautiful green space and lush landscaping, including intimate seating spaces within outdoor room-like zones. Habitat also has the wow factor of a private outdoor cinema for the exclusive use of residents.

With construction scheduled to start before years end and be completed by mid-2016, Habitat has:

- (32) one-bedroom apartments (internal 45-56sq m plus 6-41sq m balcony/terrace) from $455,000

- (34) one-bedrooms with study (53-67sq m plus 7-44sq m external) from $505,000

- (27) two-bedrooms (70-78sq m plus 8-20 external) from $635,000

- (30) two-bedrooms plus study (73-86sq m plus 8-59sq m external) from $660,000, and

- (3) three-bedroom (89-106sq m plus 28-80sq m external) from $850,000.

- (8) townhouses will be released at a later date.

All apartments have parking.

Located at 308 Canterbury Road, Habitat is just 9.5km from the Sydney CBD and combines the lively ambience of the Inner West with convenient access to many parts of Sydney. Supermarkets, services and the Canterbury train and bus interchange are within walking distance of Habitat.

The suburb is also surrounded by numerous highly-regarded schools, such as Newington College and Trinity Grammar School.

In the sought-after Inner West, Habitat offers both investors and owner occupiers the opportunity to secure an apartment at an affordable price with realistic capital growth prospects.

We expect strong interest from a cross section of buyer groups who will respond to Habitats competitive pricing, quality of finishes and landscaped outdoor areas, said Ged Rockliff, Head of Savills Residential Projects.

A Habitat display centre at 2 Canton Street, Canterbury is open from 11am to 3pm, Wednesday to Sunday.

For further information please contact Savills Residential Projects on 1800 288 821.