The face of Gosford is changing as demand for the region’s first 6 star development, Rumbalara Residences, skyrockets with the final building being topped out and the project on track for completion late this year.
Buyer confidence has returned to the luxury property market and downsizers who want to enjoy ‘resort style’ living in retirement are being drawn to the all-inclusive apartments.
“The $250M project is the first of its kind on the Central Coast and is well on track for completion by the end of November,” says Alceon Development Director Todd Campling.
“‘Rumbalara Residences’ is being built by and partnered with leading construction expert Deicorp, the first builder in NSW to achieve the coveted iCART rating for trustworthiness under the NSW Building Commission’s reforms.”
“Close to 20,000 cubic metres of concrete has been poured to date and 80,000 cubic metres of crushed sandstone has been removed from the site to be used for fill at locations including the new Western Sydney Airport.”
“A build like this signals a new era for development on the Central Coast and it shows buyers are willing to pay premium prices for quality outside of Sydney,” says Mr Campling.
“They like being near the beaches and waterways yet also maintaining that connection to Sydney which is only a 45 minute drive away.”
“There are 188 units spread out over four boutique buildings, ranging in size from 27 to 62 residences each.”
“Buyers can choose treehouses or townhouses with state of the art finishes and luxury touches including fireplaces and Sub Zero Wolf appliances in the treehouses.”
“A figure eight pool takes pride of place in the centre of more than 4,000 square metres of manicured resort-like grounds.”
“Residents also have access to a 1,000sqm Club House with amenities featuring an on site concierge, private cinema, dining room, gym, day spa, work from home hot desk space and virtual golf simulator.”
“Buyers have suddenly realised they don’t want to miss out on an opportunity like Rumbalara and they see this as a unique chance to buy something nobody else has,” he says.
“We’re seeing a lot of interest from downsizers who are attracted to the lifestyle on offer here.”
“The size of our 250sqm apartments is a big drawcard with the ability to have multiple outdoor spaces for entertaining and lifestyle.”
“Buyers see Rumbalara as being strong value for money compared to what they could get in Sydney.”
“We’ve always had strong enquiry levels but now they’re translating into record sales with buyer confidence returning to the market as the shock of interest rate rises eases and speculation of a property market collapse proves unfounded,” he says.
“Interestingly 70% of our interest is coming in around the 2-5M mark which shows the luxury apartment market is still very much buoyant,” he says.
50% of the development is now sold with the final stage being released mid-March.
About ‘Rumbalara Residences’
Rumbalara means ‘rainbow’ in indigenous language, and this development is much more than just another apartment building. Shared spaces, connected to ancient land are designed to bring people together in a natural, contemporary, landscaped environment. With a figure 8 pool, expansive resort-style grounds and luxury amenities specifically created to provide a sense of community and belonging. Designed by Marchese Partners and built by premium builder Deicorp, the master planned estate will be completed in 2024.
https://www.rumbalararesidences.com.au