NewQuay has set a new precedent for inner city living, creating a community that is vibrant and rich in lifestyle and cultural experience, situated in a unique waterside environment.
The development has formed a new dimension to living and recreating in Melbourne.
Paul McDonald, Chief Executive Officer for MAB Corporation said that NewQuay had developed into a community that provided a ‘living’ environment, allowing people to experience a cosmopolitan waterfront lifestyle with restaurants, cafes and entertainment.
“NewQuay is currently the residence for more than 2,000 people with 1.7 million people visiting the Precinct in 2004,” he said.
“MAB Corporation is committed to the ongoing development of NewQuay and has committed a significant amount of resources from both a people and financial perspective to ensure that the vision for the Precinct is delivered.”
Part of MAB’s vision is the commitment to a waterfront art programme, which has already provided $3 million towards integrating feature art works into the residential and recreational lifestyle. This programme will be further rolled out as more development occurs in the NewQuay precinct and will ultimately exceed $10 million.
MAB has completed four residential towers at NewQuay with a total of 800 apartments. 99 percent of these apartments are sold with remaining opportunities starting from $455,000 for a two-bedroom apartment. These apartments can be viewed by contacting Metro Real Estate Services at NewQuay on telephone 03 9600 4433 or email at firstname.lastname@example.org
The newest building at NewQuay, the 200 apartment Conder tower, is due for completion in August this year. It will be NewQuay’s most luxurious apartment tower to-date and offers many features and benefits.
The Conder has apartments still available in one, two or three bedroom options starting from $385,000. A personal viewing of the Conder lifestyle options can be arranged by calling the NewQuay Display Suite on 1300 555 033 or emailing email@example.com
Property returns at NewQuay have also shown a positive growth with a *7.5 percent average annualised increase in apartment resale prices to-date. This growth is further supported by a record number of apartments fully tenanted providing consistent and reliable returns to investors.
Metro Real Estate Services, MAB’s Docklands based real estate agency, has 263 apartments under management at NewQuay with less than a one percent vacancy rate as at the end of January 2005.
NewQuay is proving itself as both an investor and owner-occupier residential precinct and is a preferred rental location for Melbourne inner city dwellers. * Achieved by Metro Real Estate Services located at NewQuay, Docklands.