Frontline workers get financial incentive to buy apartments in $100 million Eden development

CAD

Press Release: 26/10/2021

Frontline Workers Get Financial Incentive To Enter South Coast Property In The Sapphire of Eden

Health workers, police personnel, firefighters and other frontline workers will be given a much-needed chance to enter the South Coast property market at Core Asset Development Pty Ltd (CAD)’s planned $100 million residential and hotel development, The Sapphire Of Eden.

CAD has teamed up with its sales agency Century 21 Projects Australia, Frontline Property Support and Better Homes & Gardens Loans to open the way for frontline workers to gain a deposit finance solution to secure a luxury property in the development, with as little as $10,000.

Apartments in Sapphire of Eden are on sale from $670,000 and the new venture will allow the frontline workers to secure a deposit for selected apartments allocated to them by CAD.

CAD has been granted development approval for The Sapphire Of Eden, with one, two and three apartments available for sale, with completion of the project expected in early 2023. The residential towers will feature a heated pool, gym and barbecue areas in a fully secured precinct.

Managing director of CAD, Mr Mark Toma, said “This is a great way for the much-valued frontline workers, who have cared for the many victims of COVID, fires and day to day emergencies on the South Coast, to get into the booming property market in the Sapphire Coast.

“This facility is also available to frontline workers in other areas of the state, the ACT and Victoria, who are seeking an investment property and a residence to enjoy their well-earned breaks from their vital work”, he added.

The facility allows Sapphire buyers to secure a low interest loan of up to $70,000 for a term of up to seven years to cover a deposit for one of the apartments available for purchase off the plan, dependent on their circumstances.

Sapphire of Eden has struck a chord with more than 200 registrations of interest from people on the South Coast to purchase an excellent investment or occupy.

The development will be undertaken at the Fisherman’s Club site on Chandos and Imlay Streets, Eden, and a sales office has been established on the site and is now open 7 days a week from 9am to 5pm.

/Public Release. This material from the originating organization/author(s) may be of a point-in-time nature, edited for clarity, style and length. The views and opinions expressed are those of the author(s).