This article is from the Australian Property Journal archive
DEFENCE Housing Australia is evolving, making a foray into Sydney’s prestige North Shore market with the launch of a new residential development at Lindfield.
The development, Crimson Hill, will be DHA’s first large-scale foray into the apartment market in Sydney. It will comprise 345 dwellings including a mix of land lots, homes and apartments.
DHA managing director Peter Howman said the project was a significant milestone.
“Crimson Hill is the perfect example of how DHA are proving to be a leader in residential development. We want to give people more options to meet society’s changing housing needs. We want to give people a lifestyle that is unparalleled in Sydney.
“While DHA’s primary function is to supply housing and related services to Defence members and their families, Crimson Hill will also deliver prestige property to the general market,” he added.
DHA is expecting to retain 173 properties, with the 10 land lots and remaining properties will be sold to the public by Colliers International.
The first release is 10 land lots ranging in size from 577 sqm to 936 sqm in the Hamilton Corner precinct. These are to be auctioned on Saturday 6 July and prices are expected to start from $900,000.
Howman said Crimson Hill will provide unprecedented access to some of Sydney’s most beautiful property, surrounded by natural bushland and within close proximity to schools, shopping, entertainment, transport and leisure facilities.
“As part of the development, DHA is also upgrading the sporting field, providing a purpose-built community facility and improving access to open spaces, which will benefit local residents and the community,” he added.
DHA currently manages more than 19,000 properties across Australia worth about $10 billion.
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