This prime investment opportunity is in one of Melbourne’s trendiest suburbs, Richmond. Melbourne’s property market is running hot with many off the plan projects being snapped up quickly. This latest investment called 'Charlie' is well positioned to receive solid capital growth and rental appeal. There is strong 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 the Charlie as an excellent investment.
Named after one of Richmond’s most notable architects from last Century (Charles D’Ebro), ‘Charlie’ features 109 modern one and two bedroom apartments. Charlie is located in the centre of Melbourne’s inner-city suburb of Richmond. Just 2.0km from the central business district and on the doorstep of the the famous Bridge Road shopping strip, transport, medical and entertainment facilities.
PURCHASE OFF THE PLAN AND SAVE THOUSANDS OF DOLLARS IN STAMP DUTY SAVINGS
The state of Victoria allows for a substantial decrease in stamp duty costs for off the plan property purchases. Melbourne is the only major city in Australia that has this key benefit.
CAPITAL GROWTH ORIENTED INVESTMENT
Charlie's location makes this an extremely attractive investment opportunity with property growth in Richmond increasing by 27% in the past year. With the number of people moving to Melbourne exceeding 1000 per week the property market is booming. There is a strong demand with little supply, meaning that new off the plan properties are being snapped up quickly.
Take your pick from a one or two bedroom apartment with optional study overlooking the exclusive central courtyard and pool. All apartments come with their own security car park, air-conditioning and the latest in European-designed kitchens. These apartments will be very appealing to the professional occupant.
SECURE WITH 10% DEPOSIT WITH NO MORE TO PAY UNTIL LATE 2009
With such a fantastic location we expect Charlie to appeal to both the investor and owner-occupier markets. You can secure a property today with only 10% deposit with no more to pay until completion in late 2009.
Price Range:
$280,000 - $760,000AUD
(£125,000 - £338,000 or €167,000 - €454,000 or $246,000 - $67,000USD)
Weekly Rentals:
$290 - $530AUD
Key Investment Features:
• Due to the location Charlie will attract young professional city dwellers
• Key Investment Features
• You will immediately save thousands of dollars in government stamp duty by purchasing ‘Off the Plan’
• Very modern and appealing luxurious apartments
• Located only 2km from Melbourne's central business district
• Quality stainless steel appliances
• Stone bench tops with glass splash backs
• Split system air conditioning
• Central courtyard
• Swimming pool and gymnasium
• Optional furniture packages available
• Carpark with storage
• Full security system to car-park and lifts
• Great access to public transport
• Appealing property for the professional occupant
Why invest in Melbourne?
• Median house price in Richmond increased by 27% in the last year
• Inner city residential vacancy rate is at a 25 year low at 0.9%
• Gross rental yields have increased by 6.9% in the last year
• Strong capital growth predicted due to growing demand and lack of supply
• Robust State economy
• Strong population growth- approx. 1000 people per week move to Melbourne
• The only city in Australia to offer stamp duty savings by purchasing Off the Plan
• Strong demand for quality rental accommodation close to the city
Melbourne is a place of great presence and beauty, enjoying a 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 entertaining.
Richmond is located just 2 kilometres from Melbourne's central business district and is a vibrant suburb renowned for its shopping and dining. Richmond is characterised by an eclectic mix of expensively converted warehouse residence, apartments and terrace housing. Due to its location, accessibility to public transport, shopping, education, leisure activities and entertainment Richmond is home to a multitude of young professionals.
Victoria is not only a great place to live and work, Melbourne is among the developed world's least expensive cities in terms of cost of living, while at the same time offering an excellent quality of life - making it one of the world's most liveable cities. No wonder over 1000 people per week choose to move to Melbourne |
