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 Australia has long been an attractive destination for foreign investment into residential prope... more
The spring selling season starts officially this weekend and although Melbourne auction numbers ... more
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Welcome Home -- West Melbourne

Property Type:Property Development
Address:485 Spencer Street
West Melbourne, 3003
Price: $495,000 - $ +

Property Description

 54 stylish apartments brought to you by one of Melbourne's most prominent developers and architects. 

Just 500m to leafy Flagstaff Gardens. 500m to trendy Errol Street restaraunt and cafes. Only 1km to Southern Cross Station. Ethihad Stadium or Docklands. 1.5km to RMIT. 1.8km to Melbourne University. 2.5km to bustling Federation Square. The city on your doorstep.

The boutique apartment offers unparralleled access to a dynamic and vibrant lifestyle. Featuring all that is best in fashion, food, sport and the arts.

Apartment interiors are designed to encourage interaction with the outdoor spaces. A spectacular floor-to-ceiling glass frontage offer excellent outlooks and maximises the abundance of natural light. The use of cross cut masonry and timber materials combine to create an attractive and clean living space. 

Investment Snapshot

It doesnot only make for a great place to live, but boasts strong potential from an investment perspective with key drivers supporting the prospect for strong growth, high rental yield and low vacancy rates. 

  • 16.3% capital growth in 2012
  • prospect for capital growth due to suburb rejuvenation, strong demand and a low/moderate level supply of boutique new apartments

Strong rental demand for new apartments that consist of:

  • Singles and couples without children (58%)
  • People aged between 20-39 (62%)
  • White collar workers who work in managerial or professional roles (56%)
  • High income earners (64% with a weekly income of greater $1,000, 50% with a weekly income of over $1500)

Opportunity seldom rings twice. Call 9640 0408 to register your interest today!