Wealthy developer Tony Denny offers first home buyers a great deal

FORMER used car salesman turned millionaire Tony Denny is helping to drive first home buyers into the Central Coast’s booming property market.

Mr Denny, who features on the BRW Rich List with a wealth of $333 million, is putting his money where his mouth is to help first-time buyers get a foot on the property ladder.

The founder of the $70 million Gosford Classic Car Museum is offering struggling first home buyers cash, furniture, a reduced deposit and an exclusive head start to buy an apartment in his latest residential development.

Construction of “Vue” is already underway in the heart of the Gosford CBD and first home buyers will get first dibs on 54 trendy apartments a week before investors and other property hunters come flooding in.

On top of the State Government’s $10,000 new property grant and stamp duty exemption, Mr Denny will halve the usual 10 per cent deposit to help first-time buyers secure an apartment.

He is also offering them the choice between a $10,000 Freedom furniture package or a $10,000 grant from the wealthy developer to help make their inaugural property purchase a little easier.

Believe it or not, Mr Denny had a tough time buying his first property many years ago before making his fortune­.

“We’ve all been there, we’ve all struggled to get into the market as a first home buyer,” Mr Denny, who made his fortune from selling second-hand cars across central Europe, told the Express Advocate.

“When I was a father in my mid-20s I remember how hard it was.

“Central Real has made a decision to help first-home buyers into the market and we hope buyers will take ­advantage of this unique offer — the first of its kind on the Central Coast.

“We have kept our prices competitive and we believe in leaving some upside for the buyer.

“There is enormous growth potential in Gosford. We want our buyers to know they are buying a quality property with profit in it for them at the end of the day.”

Mr Denny’s development company, Central Real, is joining forces with McGrath Central Coast for the sales and marketing campaign launching today.

Property expert and founder of one of Australia’s most successful real estate brands, John McGrath, praised Mr Denny for putting the interests of young buyers before profit.

“It goes to the heart of Tony’s passion for the area,” Mr McGrath said.

“He’s not a developer looking to make a quick buck here. I think this says a lot about him — it’s not just some marketing gimmick, this is actually Tony’s genuine passion­.”

Purchasers of off-the-plan apartments typically have to pay the balance of the apartment upon completion, and need to ensure they have finance in place from their lender.

For advice on buying off the plan visit fairtrading.nsw.gov.au


IMPRESSIVE water views, a flashy, fully-equipped gym and Feng Shui-inspired interiors are just some of the perks expected to entice savvy young buyers to the Vue development.

The promise of affordable luxury is also a major selling point for Generation Y property hunters, with prices starting from $380,000 for a one-bedroom apartment.

When factoring in $20,000 in grants and no stamp duty costs, first-time buyers can expect to save about $36,000.

“View offers first home buyers an enviable lifestyle just 200m from Gosford waterfront, restaurants and a short walk from Gosford train station for those commuting to Sydney for work each day,” Central Real sales and marketing manager Michelle Tucker told the Express Advocate.