Oxford Apartments - 2 Clark Street, Williams Landing

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Just two months ago <a href="https://www.urban.com.au/news/cedar-woods-lloyd-collins-explains-the-success-of-wyndhams-williams-landing">Urban.com.au reported on the success of Williams Landing’s office building sales</a> – today, we’re taking a look at its booming residential property market.

The mixed-use precinct by <a href="https://www.urban.com.au/developers/cedar-woods">Cedar Woods</a> has shown exponential growth across a three-year period with the average property price tipping over $400,000, an increase of 15.4% over three years – which is a substantial return for those who have bought in the early stages of development.

Cedar Woods has approached the project with an emphasis on building quality, sustainable developments with a strong sense of community – which could be one of the key drawcards for buyer investment.

Williams Landing’s recently completed development <a href="https://www.urban.com.au/buildings/lancaster-apartments-30-clarke-street-williams-landing">Lancaster Apartments</a>, <a href="https://www.urban.com.au/news/williams-landings-third-apartment-building-lancaster-sells-out">sold out in just six months</a>, following two prior sold-out developments – <a href="https://www.urban.com.au/buildings/newton-apartments-1-clark-street-williams-landing">Newton</a> and <a href="https://www.urban.com.au/buildings/oxford-apartments-2-clark-street-williams-landing">Oxford</a> apartments. All residential developments have been designed by award-winning <a href="https://www.urban.com.au/architects/dko-architecture">DKO Architecture</a> and have been primarily popular among first-home-buyers (28%) and investors (58%) due to the affordability of apartments. 

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/v01_ext_hero_0.jpg" rel="gallery-all" title="Lancaster Apartments exterior. Credit: Cedar Woods"><img alt="" class="image-article-full-width-580px" height="540" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/v01_ext_hero_0.jpg?itok=XLCu9HO8" title="Lancaster Apartments exterior. Credit: Cedar Woods" width="580"></a>

<figcaption>Lancaster Apartments exterior. Credit: Cedar Woods</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/newton_secondary-image-2.jpg" rel="gallery-all" title="Newton Apartments exterior. Credit: Cedar Woods"><img alt="" class="image-article-full-width-580px" height="386" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/newton_secondary-image-2.jpg?itok=7RoWwoms" title="Newton Apartments exterior. Credit: Cedar Woods" width="580"></a>

<figcaption>Newton Apartments exterior. Credit: Cedar Woods</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/oxford-secondary-image-5.jpg" rel="gallery-all" title="Oxford Apartments exterior. Credit: Cedar Woods"><img alt="" class="image-article-full-width-580px" height="388" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/oxford-secondary-image-5.jpg?itok=FSPtb00P" title="Oxford Apartments exterior. Credit: Cedar Woods" width="580"></a>

<figcaption>Oxford Apartments exterior. Credit: Cedar Woods</figcaption></figure><h2>CASE STUDY</h2>

Ela Caglayan, a 23-year-old buyer’s assistant at Target Australia, recently purchased an apartment at Lancaster as a first home buyer, following the establishment of the new Target Australia headquarters within the Williams Landing precinct.

<blockquote>
“I’ve always wanted to live in an apartment. Once Target relocated from Geelong to Williams Landing, I saw the opportunity to finally invest in my first property, which not only suited my lifestyle but was also affordable and allowed me to take advantage of the first homeowners grant.”
</blockquote>

Ela commented that the upward value trend was a major drawcard when making the decision to purchase an apartment,

<blockquote>
“…I also saw strong growth prospects for Williams Landing – the investment was too good to pass on. I’m looking forward to watching the suburb develop.”
</blockquote>

<h2>LOW RENTAL VACANCIES = A GOOD SIGN FOR INVESTORS</h2>

The demand for apartment living has even extended beyond Melbourne’s city and fringe suburbs, with Williams landing maintaining a significantly low rental vacancy rate among investment properties. According to Urbis, apartment rentals have seen a 5.4% increase in the past year.

<blockquote>
“Rental demand is, of course, one of the key indicators of the financial health of investment properties, so we are pleased to see that newly completed apartments are achieving low rental vacancies.”
</blockquote>

Lloyd Collins, Cedar Woods’ state manager

Urbis also reported that investors could achieve a rental yield of 5.2% in the City of Wyndham, which is significantly higher than the Greater Melbourne median which is currently sitting at 4.1%.

<h2>TO KEEP ON YOUR RADAR</h2>

Cedar Woods has previously commented that it has been their mission to deliver high-quality homes at affordable prices within the Williams Landing community, without compromising quality – which could be why each development has managed to sell out at record speed. In April this year, <a href="https://www.urban.com.au/news/cedar-woods-announces-new-apartments-for-williams-landing">we announced the precinct's fourth residential development</a>, Lincoln Apartments which are on sale now. 

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/180829-lincoln_cgi01_exterior-hero_final-jpeg.jpg" rel="gallery-all" title="Lincoln Apartments exterior. Credit: Cedar Woods"><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/180829-lincoln_cgi01_exterior-hero_final-jpeg.jpg?itok=1AX0or1Z" title="Lincoln Apartments exterior. Credit: Cedar Woods" width="580"></a>

<figcaption>Lincoln Apartments exterior. Credit: Cedar Woods</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/1_12.jpg" rel="gallery-all" title="Lincoln Apartments terrace. Credit: Cedar Woods"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/1_12.jpg?itok=XDJ2EZaK" title="Lincoln Apartments terrace. Credit: Cedar Woods" width="580"></a>

<figcaption>Lincoln Apartments terrace. Credit: Cedar Woods</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-09-03_at_4.08.41_pm.png" rel="gallery-all" title="Lincoln Apartments floor plan, one bedroom, one bathroom. Credit: Cedar Woods"><img alt="" class="image-article-full-width-580px" height="589" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-09-03_at_4.08.41_pm.png?itok=ckVvtE-5" title="Lincoln Apartments floor plan, one bedroom, one bathroom. Credit: Cedar Woods" width="580"></a>

<figcaption>Lincoln Apartments floor plan, one bedroom, one bathroom. Credit: Cedar Woods</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-09-03_at_4.08.50_pm.png" rel="gallery-all" title="Lincoln Apartments floor plan, two bedroom, one bathroom. Credit: Cedar Woods"><img alt="" class="image-article-full-width-580px" height="496" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-09-03_at_4.08.50_pm.png?itok=3mzz5tbI" title="Lincoln Apartments floor plan, two bedroom, one bathroom. Credit: Cedar Woods" width="580"></a>

<figcaption>Lincoln Apartments floor plan, two bedroom, one bathroom. Credit: Cedar Woods</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-09-03_at_4.08.55_pm.png" rel="gallery-all" title="Lincoln Apartments floor plan, two bedroom, two bathroom. Credit: Cedar Woods"><img alt="" class="image-article-full-width-580px" height="458" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-09-03_at_4.08.55_pm.png?itok=AcCRozTx" title="Lincoln Apartments floor plan, two bedroom, two bathroom. Credit: Cedar Woods" width="580"></a>

<figcaption>Lincoln Apartments floor plan, two bedroom, two bathroom. Credit: Cedar Woods</figcaption></figure><h2>WILLIAMS LANDING STATUS UPDATE</h2>

Residential

<ul>
<li>
<a href="https://www.urban.com.au/buildings/lancaster-apartments-30-clarke-street-williams-landing">Lancaster Apartments</a> (complete)</li>
	<li>Lincoln Apartments (in progress)</li>
	<li>
<a href="https://www.urban.com.au/buildings/newton-apartments-1-clark-street-williams-landing">Newton Apartments</a> (complete)</li>
	<li>
<a href="https://www.urban.com.au/buildings/oxford-apartments-2-clark-street-williams-landing">Oxford Apartments</a> (complete)</li>
</ul>
Commercial

<ul>
<li>1 Kendall Street (in progress)</li>
	<li>
<a href="/developments/williams-landing-vic-3027">101 Overton Road</a> (in progress)</li>
	<li>
<a href="/developments/williams-landing-vic-3027">107 Overton Road</a> (in progress)</li>
	<li>
<a href="/news/cedar-woods-first-strata-office-at-williams-landing-sells-out">111 Overton Road</a> (complete)</li>
	<li>
<a href="/developments/williams-landing-vic-3027">95 Overton Road</a> (in progress)</li>
	<li>Target Australia Headquarters (complete)</li>
	<li>Williams Landing Shopping Centre (in progress)</li>
	<li>Williams Landing Town Centre (in progress)</li>
</ul>
Lead image: Lancaster exterior, supplied by Cedar Woods
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Olivia Round

Solid growth in Melbourne’s west: Williams Landing property values continue to rise 

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Cedar Woods’ latest apartment project in Williams Landing, Lancaster Apartments has sold out in just six months, reinforcing the demand for medium-density housing in Melbourne’s rapidly growing west.

Designed by DKO Architecture, the seven-storey building has a distinctive architectural form which responds to the shape of the site and acts as a bookend to the mixed-use complex. The façade's strong vertical expression emphasises its height, prominence and anchors the corner of Clark Street and Tonkin Way.

Comprising 42 apartments, Lancaster Apartments is the third apartment building at Williams Landing, joining Newton (7 apartments), and Oxford (100 apartments and 3 retail shops), in selling out quickly.

According to Cedar Woods, the demand for medium-density living in Melbourne’s west can partly be attributed to "the booming population growth as well as changing lifestyle preferences in the middle ring suburbs."

Recent data from the Australian Bureau of Statistics confirms that in October 2017 Victoria’s population was at 6.35 million residents, with Greater Melbourne growing by 126,175 people in 2015-2016 alone.

The City of Wyndham was also confirmed as one of the nation’s fastest-growing municipalities and, according to population consultancy .id, has a current population of 250,186, increasing by 37 per cent between 2011 and 2016.

<blockquote>
We can see that an apartment lifestyle is no longer limited to the Melbourne CBD and inner-city suburbs. As Melbourne’s population continues to increase at a rapid rate, we must provide a range of housing options to keep up with demand. The success of all Williams Landing apartments so far demonstrates that this is the type of product buyers want.

The City of Wyndham and Melbourne’s west is experiencing unprecedented growth. It is essential that we not only keep up with this but plan for the future.

We are proud that Williams Landing is able to cater for this population increase. In addition to housing options we offer an abundance of retail amenity and public transport options, such as the Williams Landing train station. 

- Patrick Archer, Cedar Woods Chief Operating Officer
</blockquote>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/newton_oxford_dko.jpg" rel="gallery-all" title="Lancaster Apartments will join Newton and Oxford Apartments in the precinct. Images; DKO Architecture"><img alt="" class="image-article-full-width-580px" height="197" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/newton_oxford_dko.jpg?itok=eJlwqNIU" title="Lancaster Apartments will join Newton and Oxford Apartments in the precinct. Images; DKO Architecture" width="580"></a>

<figcaption>Lancaster Apartments will join Newton and Oxford Apartments in the precinct. Images; DKO Architecture</figcaption></figure>Cedar Woods is currently finalising plans for Beaufort Apartments,the fourth apartment building within Williams Landing, which will comprise 39 apartments over four levels. This boutique offering will be in close proximity to parks and recreation areas, including the Addison Park and Wetlands.

In addition to the apartment developments, Williams Landing will also see the construction of three strata office buildings and the nearly complete Target HQ.
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Oxford Apartments

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Solid growth in Melbourne’s west: Williams Landing property values continue to rise

Williams Landing's third apartment building, Lancaster sells out

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