Five percent deposit offer at Rosella Murrumbeena to help buyers enter the property market

Melbourne developer Damgar Group is offering a limited-time five per cent deposit offer on selected Rosella apartments in Murrumbeena.

The offer applies to the next five apartments purchased, or until September 30. Half of the apartments in the seven-level, Cera Stribley-designed building have already been snapped up.

Prospective buyers can get in with a deposit of $32,750 for the $655,000 one-bedroom apartments that offer 58 sqm of internal space, a 10 sqm balcony, and a parking space.

The five per cent deposit for the $799,000 two-beds would be just under $40,000.

First home buyers can also take advantage of additional stamp duty savings from the VIC Government.

Construction of Rosella is tracking ahead of schedule. It has now reached the halfway mark, with the basement and first three floors completed and fit-out works soon to begin.

Rosella is the only new apartment development in Murrumbeena.

Over half of the 70 apartments in the project have already been sold, reflecting strong demand in an area where new developments are rare. 

Designed by Cera Stribley Architects, the building's facade features a blend of rough-cast concrete, dark terrazzo, and warm copper accents to complement the nearby Hughesdale Station.

The seven-level building will include commercial spaces at the ground level and a communal rooftop area for residents.

Rosella is expected to welcome residents in late 2025.