In Sydney, more than $8 million in sales have been notched up at the Gentry Alexandria development during the past month. Luke Berry, co-founder of developer Thirdi Group, said an ongoing negotiation for a $2.2 million townhouse may ratchet up the total to more than $10 million.
“When you combine all the DNA of our product, it’s really attractive to the most active person in the market right now and that’s the cashed-up downsizer who is looking to exit a $3 million to $4 million home,” he said.
“They want to leave a bit of money in the back pocket, but they still want to live in luxury in a beautiful home with all the bells and whistles.
“That’s why I think we’re doing well.”
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