Property Investment Opportunity in Australia – Observatory Hill

Observatory Hill, Sydney, Australia

With the credit crunch continuing, and luxury real estate developments collapsing around the world, it is good to see a robust development continuing as planned. Observatory Hill on Sydney’s waterfront is one such example.

For our money, Observatory Hill is one of the most attractive new developments in Australia currently. The Penthouses in this luxury development are priced between A$1.075 to A$2.5 per square meter. Offering spectacular views of Sydney’s skyline and harbor. This waterfront development is selling fast, despite the current economic climate, and high-end condominiums are holding their prices far more than mid to low-level property in similar positions.

This one is available off-plan, and scheduled for completion in 2009, when settlement will be due. Foreign buyers must follow certain rules when purchasing property in Australia, and this development comes with FIRB approval. For a more detailed look see -requirements for non-residents when buying property in Australia.

More details are available here – Observatory Hill, Sydney waterfront development.