Five affordable apartments in Melbourne under $400,000
First home buyers, investors and downsizers alike will find comfort knowing that you can find a brand-new luxury apartment in Melbourne at an affordable price point.
Urban takes a look at five new developments on the market under $400,000.
1. Live City, Footscray
Address: 124-188 Ballarat Road, Footscray VIC 3011
One-bedroom apartments from $350,000
Backed by developer R&F Property Australia, the new masterplanned community Live City comprises 208 residences spread across 14 floors. The community is set to deliver over 1,400 apartments across eight buildings.
Designed by Elenberg Fraser, each residence features floor-to-ceiling windows, contemporary interiors and an abundance of natural light.
One-bedroom apartments within the complex sell for an affordable $350,000 – the best value property on this list.
2. Ovation, Footscray
Address: 94 Buckley Street, Footscray VIC 3011
One-bedroom apartments from $367,500
Ovation is one of the latest Footscray apartment developments to be launched.
Developed by Keystone Property Group, Ovation comprises just 131 apartments in the contemporary KUD Architects-designed building on Buckley Street.
Each first home buyer who buys an apartment in the development gets a free car worth $25,000.
3. Folia, Doncaster
Address: 59 Stables Circuit, Doncaster VIC 3108
One-bedroom apartments from $400,000
The newest chapter of Mirvac’s Apartments of Tullamore, Folia offers residents sustainable living from an entry price point of $400,000.
Offering 102 one, two and three-bedroom residences, the project boasts an curved façade designed by Mirvac’s in-house design team, greenery-fringed balconies and a rooftop conservatory.
The development has earned a six-leaf EnviroDevelopment accreditation, the highest available in Australia, thanks to its sustainable features, such as a 70kWh solar panel array, battery storage and integrated water management plan.
4. Liberty One, Footscray
Address: 1 Warde Street, Footscray VIC 3011
One-bedroom apartments from $396,000
Liberty One, a Footscray development by Bensons Property Group, features 350 one and two-bedroom apartments from an affordable $396,000.
Designed by CHT Architects, the functional design boasts floor-to-ceiling windows, open-plan living space and private balconies, as well as amenities including a residents’ lounge, gym and outdoor cinema.
First home buyers will save even more with the HomeBuilder grant and stamp duty incentives, with potential savings exceeding $23,000.
5. M-City, Clayton
Address: 2107 Dandenong Road, Clayton VIC 3168
One-bedroom apartments from $371,300
Delivered by Schiavello, the masterplanned M-City offers 460 residences across four buildings. The first building, M1, sold out within 14 days, reflecting the attractive investment opportunities the residences present for first home buyers and seasoned investors alike.
Designed by Buchan Group, the apartments include smart design features, private balconies and an abundance of light.
M-City delivers on its promise of resort-style amenities, boasting a community childcare centre, luxury outdoor pool, tennis court, gym and pharmacy at an entry price of $371,000.
