1 Bathroom, 1 Bedroom Australian Apartment / Flat
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€165,442 | £152,000 | US$242,704 (Approximate currency conversions supplied by  )
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| Ref |
585913 |
| Town |
Melbourne |
| Region |
Victoria |
| Type |
Apartment/Flat |
| Bathrooms |
1 |
| Bedrooms |
1 |
| Category |
Off plan |
| Listed |
294 days ago |
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Vineyard Investment Opportunity - 25% - 40% returns over a fixed 2 year investment term
Find out more >> |
Apartment/Flat Description
We are pleased to present a prime investment opportunity in the trendy inner-Melbourne suburb of Collingwood. Off the plan projects in Melbourne are being snapped up quickly as the lack of supply of quality stock continues to worsen. Our latest investment called 'Marque' is well positioned to receive solid capital growth and rental appeal. There is strong demand for quality rental accommodation close to the city centre. Combined with the stamp duty savings that off the plan projects in Melbourne offer, we see Marque as an excellent investment.
Purchase off the plan and save thousands of dollars!
The state of Victoria allows for a substantial decrease in stamp duty costs for off the plan property purchases. Melbourne is the only major city in Australia that has this key benefit. Purchasing a Marque apartment now could save you approximately $12,000 AUD to $38,000 AUD in stamp duty payments.
Secure your Marque apartment now with only a 10% deposit and no more to pay until late 2010 or early 2011!
Comprising of 95 apartments, The Marque offers a range of tastefully executed apartments with 1 or 2 bedrooms, or 2 bedrooms + study including options with large outdoor areas for added flexibility. Each apartment comes with split-system air conditioning and at least one secure undercover car park. One bedroom apartments with car-park start in price from a low $310,775 AUD and two bedrooms start from $470,000 AUD.
Marque is positioned in the heart of Collingwood. One of the oldest suburbs in Melbourne, Collingwood is an eclectic and colourful inner-city suburb situated just 2kms (5mins) from Melbourne's CBD. Close to schools, parks and gardens, retail shopping, transport (including trams and train station within metres), dining and entertainment, The Marque apartments will offer residents a sensational inner-city lifestyle with every amenity on the doorstep.
Rents & Rental Guarantee:
We expect that this project will rent very strongly given its location and the current demographics of the area. Added to this the vacancy rate in inner city Melbourne of approximately 0.9% and the lower price points of these properties, we expect they will perform very well.
We have also negotiated an initial first-tenant guarantee which will cover any uptake period (the initial stage when many apartments are on the market at the same time) to ensure our investors receive immediate rental income from day one. These apartments will rent extremely well given the location, access to amenities including public transport, and proximity to the CBD.
Solid Capital Growth Figures
The Collingwood property market has experienced solid price growth over the past few years with the average capital growth for apartments in Collingwood being 8.7%p.a. over the last 5 years.
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Towns located close to Melbourne, Australia
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Price of Property in Melbourne, Australia
| (All prices in EUR) |
Melbourne |
Melbourne |
Melbourne |
| Apartment/Flat |
152,000 |
152,000 |
399,000 |
2,195,000 |
152,000 |
396,822 |
| House/Villa |
365,000 |
230 |
365,000 |
5,835,591 |
775,000 |
377,150 |
* Calculations based on 3 properties for sale in Melbourne and 80 properties for sale in Australia |
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