NewQuay apartment sales heat up
An on-set of recent sales has injected a growing sense of urgency amongst people interested in buying into Melbourne’s most exciting waterfront property investment – NewQuay, Docklands.
According to MAB Corporation’s General Manager Developments, Rod McDonald, there is still a selection of one, two and three bedroom apartments still available, but the area is experiencing an increased level of interest that is resulting in sales.
“In the last few weeks we have sold around $6 million worth of stock including three apartments at the top end of the market, valued at more than $1 million each and an apartment at the lower price bracket of $385, 000,” Mr McDonald said.
Mr McDonald attributes the growing popularity of the apartments to the limited opportunities in Melbourne to live on the waterfront.
“They offer a true waterfront experience with a marina right at the front door, a restaurant precinct that caters for the most discerning tastebuds and a sense of community usually reserved for the suburbs and country,” Mr McDonald said.
“People are starting to realise that they may miss out on buying into this sought-after location, at these relatively affordable prices, before prices escalate.
“With rental properties that are currently listed with MAB’s docklands based real estate agency, Metro Real Estate Services, experiencing less than a one percent vacancy rate, there is a real potential for rental rates to also rise.
“Recently, a three bedroom apartment was rented for $850 per week and while this is great news for investors, it may work towards increasing purchase prices.”
The Conder NewQuay apartments represent one of the most innovative and creative designs on Melbourne’s landscape. Stylish apartments complete with spectacular views, spacious floor plans, private balconies, Euro appliances and contemporary, high quality finishes all combine for truly luxurious living.
An exclusive lap pool, sauna and fully-equipped gymnasium with stunning views, add to the inner city lifestyle.
For those interested in an investment property, an owner can elect to put their NewQuay apartment into a managed serviced apartment group for a higher level of return.
Apartments still available in the Conder tower range from $395,000 up to $1.4 million and suit both the owner/occupier and investor.
NewQuay Conder apartments can be viewed on-line at www.condertower.com.au
MAB Corporation is an established developer in Australia and continues to deliver innovative, high quality commercial, residential and industrial developments since 1995.
The company currently has over $2 billion in projects completed or commenced including the landmark NewQuay development precinct at Docklands, the award winning University Hill mixed-use development , National Business Park, Global Business Park, Northcorp Industry Park, Translink Business Park and a host of other award winning developments.