10 reasons to buy a brand new home in the Melbourne Quarter

10 reasons to buy a brand new home in the Melbourne Quarter

Jordan FidlerFebruary 25, 2021

Melbourne Quarter is one of the most lavish completed developments located in the heart of Melbourne’s vibrant CBD.

As we near the end of the First Home Buyer and HomeBuilder Grant, Urban have put together ten reasons why you might like to consider purchasing a home in the Melbourne Quarter development.

1. Developed by the Lendlease Group

The project is being developed by Lendlease, a multinational company headquartered in Sydney, with a very strong track record across Australia, Europe, the Americas and Asia.

They have won a number of awards across numerous Sydney and Melbourne projects and remain one of the most sustainable real estate funds in the world.

2. International design firm Fender Katsilidis have architected the building

Fender Katsalidis once a Melbourne-centric architectural practice, and now a highly awarded, multi-disciplinary international design firm is responsible for the architecture of this project among many others.

They have their stamp on renowned developments such as Australia 108, Flinders Bank, Fulton Lane and High Society just to name a few.

3. Three whole floors of resort-style amenities.

The project includes a hotel-style lobby, concierge and exclusive access to Club MQ, which also means access to the three entire floors of resort-style amenities on offer.

4. The Melbourne Quarter precinct

Melbourne Quarter offers residents more than just the one East Tower currently on offer. It is a sprawling 2.5-hectare site dedicated to public open space, surely to be named Melbourne’s greenest city precinct, with a mix of both retail and parkland on offer for residents.

5. $458,000 is below the Melbourne CBD's median apartment price

Home buyers can enjoy a one-bedroom, one-bathroom apartment in the Melbourne Quarter for as low as $458,000, below the $490,000 median apartment value, calculated by realestate.com.au

6. Range of luxury residences available

Currently on offer in the Eastern Tower of the Melbourne Quarter is a collection of spacious one and two-bedroom architecturally designed apartments, with a range of price points from $458,000 all the way to a pricier $1,032,000.

7. Located in the heart of the Melbourne CBD

Bordered by the renowned Collins and Flinders Streets, Melbourne Quarter offers residents the convenience of living in Melbourne’s vibrant CBD at affordable prices for first home buyers or investors.

8. Nearby developments of a similar quality are more expensive

For example another development with top of the line amenities, R. Iconic has prices starting from $507,000, across their range of one, two and three bedroom suites.

Or the similarly lavish The Docklands Residences which sits atop a brand new 8-floor Marriott Hotel and offers a number of luxury amenities.

9. The Melbourne CBD will always be in demand

The Melbourne CBD has overall managed despite downturn predictions of the market and may have even seen price values grow if not for on and off state-wide lockdowns. In fact a number of economists are extremely optimistic Melbourne prices which are tipped to climb by 8 per cent this year followed by 10 per cent in 2022.

A number of economists predict the battle between banks for new customers and the successful rollout of the coronavirus vaccine may super-charge even the national property market.