This exciting opportunity from Sunland Group offers significant opportunities for the astute property investor for a number of compelling reasons:

• Sydney Property prices are set to rise by 18% over the three years to June 2011
• Elysia Residences the most affordable Sunland homes in NSW with town homes from $396,000
• Rental yields exceeding 5%
• There is an increasing demand for townhomes in Glenmore Park with a limited supply
• Elysia Residences enjoys a superior location close to amenities and opposite Glenmore Park Town Centre

              Telephone: (02) 9797 0188      Enquiry: Click here     Email: info@thealdygroup.com

Most Affordable Sunland Product in NSW with town homes from $396,000.
There has never been a better to time to buy a Sunland home in NSW.
At Elysia Residences not only are you getting a fully completed home built to the highest standards but you are also likely to enjoy substantial capital growth throughout the life of the project and into the future.

Our recent developments have shown exceptional capital growth including:

• Castel Residences at Castle Hill - overall increase of 8.2%
• Emery Residences at Narwee - overall increase of 20.4%

Stage One of Elysia Residences are currently priced from as low as $396,000.
We anticipate this project to enjoy the same overall capital gain as our other projects.

Rental Yields Exceeding Expectations

Sunland homes always enjoy rental yields in excess of surrounding homes due to their quality, design and amenity. There is even better news for investors as there is a massive shortage of rental stock in Sydney including Glenmore Park. This shortage of stock is driving rents up and vacancy rates down and this phenomenon is also now being reported widely in the media.In March, the Real Estate Institute of Australia reported, the vacancy rate in Sydney fell to just 0.8 per cent with median rents for the year up by more than 10 per cent.We have already experienced this at Elysia Residences with the first investor home renting within 7 days at $450pw

Located Close to Amenities and Opposite Glenmore Park Town Centre, Elysia Residences is located within Glenmore Park at the foot of the Blue Mountains in the Penrith Valley. It is just 55km from Sydney CBD and 30 minutes drive from Parramatta CBD with easy access easy access from M4 Motorway (Northern Road Exit). The suburb is a thriving, friendly community with a love for the outdoors and Glenmore Park is known for its many parks, nature reserves and lakes.The award winning Blue Hills Wetland has boardwalks, a bird hide and BBQ facilities for weekend enjoyment and with over 20 kilometres of hike and bike trails. Not only is Elysia Residences within close proximity of these amenities but is also is located on the crest of the hill opposite the Glenmore Park Town Centre.This shopping village is a vibrant hub for the community that has over 25 specialty shops including a Woolworths supermarket, Gloria Jeans and petrol station.In its report this week, the Senate Select Committee on Housing Affordability estimated there was a national annual shortfall of about 30,000 dwellings in housing supply relative to underlying demand.Even if new housing starts to pick up, it will be several years before the supply of housing catches up with what's needed.This shortage of stock is driving rents up and vacancy rates down. In March, the Real Estate Institute of Australia reported, the vacancy rate in Sydney fell to just 0.8 per cent with median rents for the year up by more than 10 per cent.BIS Shrapnel is forecasting this strong growth in rents will continue for the next three years, putting an effective floor under property prices. On some estimates, rents are predicted to grow by as much as 50 per cent over the next three or four years.

On the fundamentals, it is hard not to see a revival in the property market But the fly in the ointment is continuing economic uncertainty. In recent weeks, several of the key economic indicators - ranging from housing finance through to retail sales and, most notably, consumer confidence - have shown a turn for the worse, suggesting that higher interest rates have done their job in taking some of the heat out of the economy. But inflation is still above the Reserve Bank's comfort level, financial markets are still digesting the fallout from the worldwide credit crunch, and consumers are feeling the pinch of higher oil and food prices.

Historically, property prices have taken their biggest hits during times of rising unemployment. We haven't seen that yet, though employment fell by almost 20,000 positions in May, suggesting a rise in the unemployment rate is not out of the question. Unfortunately, even a modest rise in unemployment would have a big impact on consumers who have loaded up on debt in the good times and are already feeling the pinch of higher interest rates and petrol prices.

And, as BIS Shrapnel also points out, while house prices have already fallen, this doesn't automatically mean they are undervalued. Thanks to the property boom earlier this decade, housing had become overvalued and at least some of the falls were a much-needed correction.

For home buyers and investors, it's hard to see any urgency to rush into the market. In uncertain times, there is always good buying for those brave enough to take the plunge. The fundamentals are in place for better returns from property and BIS Shrapnel's three-year time horizon is as good an estimate as any.

But in the shorter term, prices are likely to be volatile - and could fall further if the economy slows more than expected. That means you can probably afford to be choosy.

Elysia Residences at Glenmore Park, central to all that's best in Sydney's western suburbs:
Elysia Residences

Cnr Camellia Avenue and Glenmore Parkway, Glenmore Park

Elysia by the Sunland Group is a brand new development situated in the vibrant hub of Glenmore Park in Sydney's West. With the Blue Mountains as the towns' backdrop. Glenmore Park is located 60 minutes from the Sydney CBD in the City of Penrith.

Elysia comprises 58 contemporary town homes offering 3 bedroom and 3 bedroom plus study designs each with several floor plans. A four bedroom adaptable plan is also available. At the heart of Elysia, you will find the Resident's Facilities BBQ area surrounded by green open spaces where families and neighbours can get together. The centre is for use by Elysia residents only.

Access and Surrounding Features

1 minute to Glenmore Park Town Centre with 25 specialty shops and major supermarket.

• 1 minute walk to Westbus bus stop,
• 20 kms of hike and bike trails located in Glenmore Park.
• Close proximity to extensive sporting fields in Glenmore Park and Penrith City Golf Course.

 

• Access to nature reserves and parklands, including award- winning Blue Hills Wetland and lakes.
• Close to childcare centre, primary and secondary schools located in Glenmore Park.
• Minutes to Penrith City Centre - offering cinemas, restaurants and cafes and shopping at Westfield Penrith and Nepean Square.
• Less than 5 minutes drive from access to the M4.
• 60 minutes from Sydney CBD and airports.
• 30 minutes from Parramatta CBD.

ELYSIA DISPLAY HOME OPENING, A HUGE SUCCESS

Elysia's first completed home was recently opened for display, with some of the first visitors so impressed with the homes that they did not hesitate to reserve a property on the day. Visitors enjoyed the sleek design, clover layout offering three bedrooms and spacious living zones, as well as the lush landscaping. The new home on display was the centre of attention during its first weekend with more than 300 people visiting the home on 15 March which marked the official launch of the blysia Residences by local Penrith Mayor, Cr Greg Davies. Cr Davies cut the ribbon on the home and welcomed the gathered crowd to enjoy a tour of the home while local radio station Kick FM made live reads and announcements from the site throughout the afternoon.

" Elysia Residences offers a terrific choice for those looking to settle in the Glenmore Park region. Its quality and varied lloor plans are something that I am sure home buyers will embrace. Cr Davies said." Choice* is what Penrith and its local people are looking lor and Sunland have brought this to Glenmore Park. The weekend was a success story with the first five homes in stage one sold.

LEADING AN ARCHITECTURALLY DESIGNED LIFESTYLE Each of the 58 stunning townhouses has been architecturally designed and is sure to give each homeowner a true sense of pride for their new abode.

The design captures a strong focus on open plan living with all spaces well utilised. On offer are three bedroom and three bedroom plus study designs, as well as four bedroom adaptable floor plans.

Elysia Residences feature contemporary fittings and finishes. Fach of the stunning home-designs feature stainless steel gourmet kitchen appliances, stone bench tops and a choice of quality floor coverings. Large windows will allow for plenty of natural light to fill the living areas, while the fully landscaped front and rear gardens encourage a low maintenance lifestyle, leaving more time for leisure activities. All homes are complete with either a double garage, single, tandem or carports-once again choices for all requirements.

SPACE GIVES THE FINISHING TOUCH AT ELYSIA Prestigious interior specialists Space Furniture, have created the ideal living environment at Elysia fitting out the display home to maximise the home's class and style.

Working in collaboration with the developer. Sunland showcases its Home Collection through the works of well known imported furniture manufacturers such as B&B Italia and Kartell. Appropriate stylish but homely pieces wore carefully selected by the team to exemplify the synergy of style and design at Elysia.

THE DEVELOPER

Among Australia's most prestigious residential developers, Sunland Group in its 25th year continues to set new benchmarks in the delivery of immaculate residential communities that people are proud to call home. With a locus on architectural design and artistic living environments, Sunland Group has constructed some of the most recognised residential developments across the eastern seaboard.

Receiving the highly acclaimed 'Victorian Architectural Medal' for Melbourne residential tower YVE, Sunland Group's meticulous attention to detail has set them apart from others in the development industry. In NSW, Sunland Group has been recognised for its exceptional work at 95 Cammeray Road which earned them a 'HIA NSW 2006 Apartment Project of the Year' award. They are also known for the recont Casa townhouse development in Sydney's west, Castel in Castle Hill and Emery in Narwee. With exceptional examples of Sunland Group's superb designs across Australia, buyers can see the first class products that Sunland Group are dedicated to producing.