Apartment - Flat for Sale in Melbourne | Victoria - Australia - Ref 802445
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Apartment/Flat Description
Presenting Precinct - Inner-Melbourne off-plan development comprising of 1 and 2 bedroom FREEHOLD apartments ranging in price from $403,000 to $760,000 AUD.
Secure your Precinct apartment now with only a 10% deposit and no more to pay until completion in 2012! Excellent opportunity to secure your Melbourne investment at today's prices and potentially have 2 years of capital growth with very little money down.
The capital growth statistics for Richmond over the past 10 years are outstanding. The current median Unit value is $480,000 AUD and capital growth for units in Richmond in the 12 months to end of March 2010 was 13.33%. Growth over the past 10 years has been a very impressive average of 10.78% per annum.
'Precinct' is well positioned to receive solid capital growth and rental appeal. There is massive 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 Precinct as an excellent investment opportunity for our clients.
Precinct Overview:
Precinct will be just 3kms East of the CBD and is located in one of Melbourne's most sought-after suburbs - Richmond. Precinct offers community based living close to shopping strips, restaurants, Yarra river and parkland, with the CBD only minutes away and the tram at your door. Precinct also boasts facilities such as a central courtyard, pool, gym and café.
Just across the road is the Victoria Gardens Shopping centre or there are hundreds of boutique shops and factory outlets along iconic Bridge road. Melbourne’s best universities are only a short tram or train trip away, meaning a long, arduous commute will be a thing of the past.
Why Richmond?/Why Melbourne?
Excellent location just 3kms to the CBD (transport, shopping, stunning parklands & Yarra River on your doorstep)
Apartments are well designed with superior fittings
Average capital growth for units in Richmond over the past 10 years has been 10.78% (Residex March 2010)
Very strong capital growth predicted
Off plan with 2012 completion
Massive stamp duty savings!
Trams on door step
Melbourne is experiencing huge population growth - 1500 per week
Vacancy rates at 1%, rising rents
Severe under-supply of housing with growing demand
Melbourne is the second most populous city in Australia, with a metropolitan area population of approximately 4 million. Located around Port Phillip Bay in the country's south-east, Melbourne is the state capital of Victoria.
Melbourne is a place of great presence and beauty, enjoying as striking cityscape of fine 19th century buildings, gardens and boulevards, and state-of-the-art architecture. Recognised as the cultural hub of Australia, Melbourne offers a sophisticated arts scene, the country's best shopping, and a lively passion for eating and drinking.
Please note:
As with most prime Melbourne projects, we expect immediate uptake by both investors and owner occupiers, so I strongly suggest you act quickly. This project will be available to local and non resident investors and also those looking to owner-occupy. For full details including the plans, price lists and full investment information, please contact me immediately. You can reserve an apartment now along with a $2000 holding deposit.
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Approximate price of this 0-Bed Unknown
AU$450,000 AUD |
€348,567 EUR |
£281,886 GBP |
US$445,050 USD |
(Currency and Foreign Exchange services supplied by  )
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| Type |
Apartment/Flat |
| Category |
Off plan |
| Listed |
over 1 year ago |
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Property Characteristics
- Pool: Indoor swimming pool
- Views: City and Yarra River views
- Garden: Landscaped gardens
- Parking: Optional car spaces priced at $40,000 AUD
- Distance to Beach: 5km
- Distance to Shops: 0km
- Facilities: Resident's Indoor swimming pool, gymnasium, cafe and landscaped gardens.
Map of Melbourne, Victoria, Australia
Towns located close to Melbourne, Australia
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Price: AU$450,000
Latest Property News in Australia
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Price of Property in Melbourne, Australia
| (All prices in EUR) |
Melbourne |
Melbourne |
Melbourne |
| Apartment/Flat |
370,000 |
164,000 |
370,000 |
735,000 |
152,000 |
396,822 |
* Calculations based on 1 properties for sale in Melbourne and 16 properties for sale in Australia |
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