Friday 29 August 2014

Great to hear from you, Elena.

I'm reproducing a comment from an earlier entry on the blog for those of you who have not seen it. 

Thanks very much Elena


Hi Elana,
My Husband and I have bought an apartment on level 7, facing the park and intend to live in it as well. Thank you for your blog, it is very useful! I have sent an email to the developer to find out when we should all receive the next newsletter. I am sure you are aware, there is another new development across Wentworth Park - "Mezzo Apartments" - construction supposed to start in a few months. We are going there this weekend to get floor plans and find out the prices - will be a good benchmark for Harbour Mill. I will inform everyone on what we find out.
Kind regards,

Elena

Hi All,

Here is the response from the Developer:
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Elena,

Next construction update is due late September/early October. We are having out 'topping out' ceremony today for the completion of the structure, and we are underway with the fit out and façade already.

Construction on track at present, but depending now largely on weather patterns for the coming 12 months.
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Very positive!
Kind regards,

Elena



I'm looking forward to your update about what is happening with the development across Wentworth Park,

6 comments:

  1. Hi Elena, thank you for sharing the developer's update. Could you please give me the developer's email address? Have never received a newsletter, would like to get my hands on it.

    Thanks

    Salma

    ReplyDelete
  2. Hi Salma,
    Good to hear from you. The updates are sent to us by CBRE - I think Elana has already responded how to get on their mailing list. Have you bought an apartment in Harbour Mill to live in or as an investment? It would be great to start getting to know our new neighbours. Big thanks to Elana for creating this blog. We got an apartment on level 7 facing the park and intend to live in it.
    Kind regards,
    Elena

    ReplyDelete
  3. Dear All,

    I have very good news for the Harbour Mill purchasers: the upcoming Mezzo development which is across Wentworth park is priced significantly higher than what Harbour Mill was sold at in 2012/2013 (which is consistent with the price growth across Sydney over the last 2 years). Some examples: a small 2 bedroom apartment (72sqm internal), facing south (no views, as the land will be redeveloped to construct another building in front), 1 car space, levels 6-8: price starts at low $1M and grows at c.$35K with each level up.

    ReplyDelete
  4. Another example: 2 bedroom apartment, 2 bathrooms, facing Wentworth park, 1 car space, 88sqm internal, levels 6-8, price: mid $1.2M - high $1.3M (price goes up with each floor).

    Example of a smaller apartment: 1 bedroom plus flexiroom (study), no car space, facing the park, internal 64sqm (smaller than similar harbour mill plans), price $850K - $950K (going up with every level, starting from level 6).

    ReplyDelete
  5. Looking at this prices, we should also take into account that Harbour Mill only has 1 year to completion, whereas Mezzo is due for completion in 2016/2017, a lot more uncertainty.

    Also the good news is that Mezzo will have a nice retail space and outdoor terrace with cafes and restaurants, all this is good for the area. Overall, it is very clear that the area around Wentworth park is the next Wooloomooloo and Surry Hills - it is not attractive now, but it is walking distance to the city and it is gradually being redeveloped into a new nice suburb, especially with the Blackwattle bay development plans under way.

    ReplyDelete
  6. Hi Elana,

    Thank you very much for reposting my comments and, again, thank you for creating this blog! Please let me know if you need any further information - I am also following your blog and the construction process.

    Kind regards,
    Elena

    ReplyDelete