Traders in Purple Southern Highlands Terraces Greenlit

Traders in Purple will develop 50 double-storey terrace homes at a growth hotspot in the Southern Highlands of New South Wales where affordability has taken a hit.

The 2.1ha site on Argyle Street, Moss Vale, is zoned for medium-density residential housing and is within walking distance of the town centre and train station. 

The median house price at the town of about 8800 people 140km south-west of Sydney has increased from about $650,000 four years ago to $1 million in today’s market. 

The town is expected to add a further 4500 residents by 2041 as Sydney downsizers look for somewhere to retire out of the city.

Traders In Purple development director Thomas Zdun said the developer would now begin detailed design ahead of an anticipated sales launch at the tail end of this year. 

Zdun said the project would provide greater housing choice for the residents of the Southern Highlands township. 

“Moss Vale is about 90 minutes’ drive from Sydney and two hours by train, which makes it an attractive destination for those who might only need to be in the office two or three days a week,” Zdun said.

▲ Moss Vale in the NSW Southern Highlands is about 90 minutes from the capital.

“But the more pressing demand comes from locals who want to downsize from homes that are no longer appropriate as mobility and health decline with age.

“The diverse housing choice that will be offered in this new development will allow many long-standing residents to continue living in the locality, amongst their friends and support networks, in a contemporary home that is accessible and also less costly to maintain.”

Traders in Purple will be targeting a 7 Star NatHERS energy rating for the 50 homes that the developer said would be maintaining the character of Moss Vale. 

Most of the homes would have direct access to the village green with free-standing homes fronting Argyle Street.