Two luxurious blue-chip Melbourne developments are now selling with strong capital growth and solid rental history. With low vacancy rates and a supply shortage in Melbourne, Malvern Hill and Haven are ideal investment opportunities.
Vacancy rates in Melbourne have remained close to 1%, and well below the long term average of 3% since the mid-2000’s. Strong population growth, a strong economy and supply shortages have all contributed to this situation, which is not expected to change in the short to medium term.
The enormous undersupply of dwellings in Victoria implies that well located, quality developments with many unique attributes are best positioned to benefit from capital and rental growth that this supply imbalance generates.
MALVERN 2 BED APARTMENTS NOW SELLING FROM $735K – $885K.
Malvern Hill Park Residences offer a quality investment choice in a dramatically under supplied location.
The luxury 2 bed Park Residences of Malvern Hill’s exclusive final release overlook the leafy expanses of Malvern Hill’s tree-lined pedestrian lane. Each opens onto a large north facing garden terrace, creating a seamless integration of indoor and outdoor living.
• Capital Growth:
Strong history of capital growth in Malvern with a 15.5% average increase over the past 4 years in median apartment prices (according to RPdata).
• Rental History:
Solid apartment rental history with low vacancy rates and long term tenants of 2yrs+ (based on stage 1, MGV).
Pay only 5% deposit now, with balance at completion (Nov 2012).
14 Elizabeth Street Malvern
Call Tracey on +61 413 282 999 or visit www.malvernhill.net.au.
WATCH the Malvern Hill display suite video WATCH the latest construction timelapse video
MELBOURNE’S BEST RIVERFRONT LIFESTYLE
1, 2, 3 & 4 BED ABSOLUTE RIVERFRONT APARTMENTS NOW SELLING FROM $437,000 – $2,615,000
The scarcity of such a unique riverfront location, 5-star amenity for residents, premium quality design, fittings and finishes inside and out all add to the solid fundamentals which underpin Haven as an outstanding investment opportunity ripe for ongoing capital growth.
Haven invites you to discover premium north facing apartments and terraces with absolute river frontage and spectacular treetop and river views, just across the water from the leafy, blue-chip suburbs of Hawthorn and Kew.
• Capital Growth:
Strong history of capital growth in Abbotsford of around 600% over the last 2 decades, equating to average annual growth of over 10%pa (Source: Charter Keck Cramer).
• Rental Growth:
Annual rental growth in Richmond-Burley and Collingwood-Abbotsford over the past five years has averaged 8.5% and 9.3% for 1 and 2 bedroom apartments respectively, outperforming metropolitan Melbourne (Source: OoH and Charter Keck Cramer).
Pay only 10% deposit now, with balance due at completion (mid-2014).
679 Victoria St Abbotsford
Call Tracey on +61 413 282 999 or visit www.havenontheriver.com.au .
WATCH the project overview video WATCH the Prestige Collection fly through
WATCH the Riverfront Terrace Home fly through WATCH the Haven display suite video