Demand for houses in coastal resort towns of NSW will accelerate markedly in the next 10 years as a higher proportion of the s

Attention: Real Estate Editors

News release 19 May, 2006 mortgage 1

Lucas to help pay

customers’ loans

One thousand dollars a month for a year will be paid by Lucas Property Group into the mortgage accounts of all customers who buy one of the latest house-and-land packages from this developer.

Managing Director Ralph Lucas says his company will pay the money directly into the customer’s account at any bank or building society.

“It’s the first time any developer has offered such a fantastic deal anywhere as far as I know,” he says. “It will save each customer $12,000 during the first year of a housing loan.”

The latest house-and-land packages are at Highview Estate at San Remo on the Central Coast of NSW. Lucas says, “We have decided to offer this mortgage assistance to our customers, as we recognize that during the first year of home ownership, it can be a strain on a family’s budget; then things seem to even out. Our mortgage assistance package really helps the family budget. It’s a very genuine offer to encourage home buyers to consider all the benefits of living on the Central Coast – compared to Sydney, the Central Coast is just so affordable, with a great lifestyle for all the family.”

Highview Estate is beside Budgewoi Lake. Many of the new home sites present lake views and all offer bush land views and ready access to a lakeside reserve.

New brick-and-tile, four-bedroom homes for this subdivision are priced from $323,000. Three-bedroom house-and-land packages are priced from $298,500 and housing sites from $163,000.

Highview is five minutes easy drive to the ocean beach at Budgewoi. It is five minutes to the expressway leading to Sydney and Newcastle, less than one hour’s drive from Wahroonga.

More information about Highview Estate and this remarkable sales offer is available from Lucas Property Group, 100 William Street, Sydney 2011; phone 9358 5544, fax 9356 4028, email info@LucasPG.com.au and web site www.LucasPG.com.au.

Lucas began as Lucas &Tait Real Estate Group in Sydney in 1964.

Photo captions:

Ralph Lucas, Managing Director, Lucas Property Group.

Download photo: http://www.wbpublicity.com.au/lucas/lucas.htm .

One of six house designs offered with package deals at Highview Estate.

Elevated, level land at Highview Estate, San Remo.

Budgewoi Lake and Highview Estate.

Download photos at http://www.wbpublicity.com.au/lucas/photoremo.htm

Media contacts: Ralph Lucas, Managing Director, Lucas Property Group, phone 9358 5544, email lucasr@lucaspg.com.au ; Mark Lucas, Director, Lucas Property Group, phone 0416 228 300, email lucasm@lucaspg.com.au .