sapphire of eden
Sapphire of Eden. Image supplied.
  • Health workers, police personnel, firefighters, and other frontline workers are being incentivised
  • CAD has planned an $100 million residential and hotel development in regional NSW
  • Buyers can secure a low interest loan of up to $70,000 for a term of up to seven years to cover a deposit

Health workers, police personnel, firefighters, and other frontline workers are being financially incentivised to enter the New South Wales south-coast property market.

Core Asset Development Pty Ltd (CAD) has planned an $100 million residential and hotel development for the coastal town of Eden in regional NSW.

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.

saphire-of-eden-pool
Image – The Sapphire of Eden

Sapphire buyers can 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.

CAD managing director Mark Toma said, “This is a great way for the much-valued frontline workers, who have cared for the many victims of COVID-19, fires, and day to day emergencies on the South Coast, to get into the booming property market in the Sapphire Coast.”

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

saphire-of-eden-res
Image – The Sapphire of Eden

Development approval has been granted, with one, two, and three bedroom apartments available for sale.

The residential towers will feature a heated pool, gym, and barbeque areas in a fully secured precinct.

Mr Toma said, “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.”

There have been more than 200 registrations of interest from people on the South Coast to purchase an investment or occupy.

The project is expected to be complete in early 2023.

You May Also Like

Scarborough top selling suburb; Perth sales up 10 per cent last week: REIWA

Last week saw 763 sales transactions in the Perth Metropolitan Area according to data reported by REIWA members…

The Agency voluntary administration stopped by Federal Court

The Agency battle continues after court puts an injunction on administrators…