The top four Melbourne apartments marketed as investor-friendly properties
Melbourne is expected to see prices continue to rise as unmet future residential demand shifts to emerging areas around the CBD.
With an upswing expected later this year as investor interest in the Victorian property market rises, buyers who get in early will be rewarded with competitive prices on off-the-plan residences.
Urban takes a look at the top four Melbourne apartments marketed as investor-friendly properties.
1. R.Iconic, South Melbourne
Developer: R.Corporation
One-bedroom apartments from $506,500
Set on a rare island site with prime park frontage, R.Iconic has been labelled a great investment opportunity by its developers.
Apartments at the South Melbourne building are guaranteed to secure five per cent net annual return for four years, thanks to its great location in a high-growth Melbourne precinct.
“The Emergence of South Melbourne’s Montague precinct provides a generational opportunity to secure a new CBD quality apartment at an exceptional price that simply can no longer be delivered in the CBD”, the developers have said.
Investors will also enjoy knowing that R.Iconic residences boast deposits as low as $20,000, making it easy to invest in a project redefining inner-city Melbourne living.
Expected to reach completion in mid-2022, the building showcases one, two and three-bedroom apartment configurations and 38 world-class resident-only amenities.
Focusing on natural surroundings, wellbeing, fitness, entertaining and technology, R.Iconic has double the amenities of any project of its type.
2. Hawthorn Park, Hawthorn East
Developer: Dahua Group
One-bedroom apartments from $609,000
Hawthorn Park is a sophisticated residential mid-rise that is strategically located amongst Hawthorn East’s several transport, education, lifestyle and amenity offerings.
According to the DHHS, Apartments in Hawthorn East have registered median rental growth of 4.2% per annum for one-bedroom apartments in the ten-year period to March 2021, in spite of the continued impacts of the coronavirus pandemic.
“Looking forward, high demand driven by the catchment’s proximity to education, transport and amenity, coupled with the ongoing growth of the renal market, is likely to attract market interest from interstate and overseas investors”, the developers said.
Residents will enjoy the property’s landscaped green spaces and parks that feature fruit and vegetable gardens for dwellers to grow their own produce.
The project also features a sky boardwalk, splash pool, sky lounge, massage suites and fully-equipped gym.
3. Voyager, Docklands
Developer: Mirvac
Two-bedroom apartments from $706,500
Docklands is continuing to develop as a place where people choose to live, work and visit, becoming the country’s largest construction project.
Mirvac’s Voyager at Yarra’s Edge delivers a range of one, two and three-bedroom apartments across 43 levels.
According to the developers, “[a]stute investors in Voyager will see opportunity in purchasing within the already established Yarra’s Edge community.”
Contemporary apartments and a number of resident-only amenities has encouraged investors to purchase into the development.
Facilities include a resident sky deck, dining room and bar, hanging gardens, 270-degree skyline views and a cinema and karaoke room.
The rental market for Docklands is strong with median rents for two-bedroom apartments higher than across Greater Melbourne at $465 and $385 per week, respectively, according to SQM Research.
4. Ryrie Home, Geelong
Developer: Franzé Developments
One-bedroom apartments from $375,000
Although not in Melbourne, local and interstate investors are flocking to coastal investments thanks to a shift in lifestyle for many city-dwellers.
Population growth is always a key driver for increased demand in the residential market and thanks to a population growth forecast at 3.14 per cent per annum, the demand for housing in Geelong will yield consistent returns.
“The median sale price for apartments in Geelong has grown significantly, on average 10 per cent per annum over three years, this suggests strong capital growth returns”, the project marketing stated.
As the fastest-growing regional city in Australia, Ryrie Home delivers investors the pleasure of owning a beautiful apartment for an affordable price.
Each apartment boasts secure basement car parking and storage units, as well as access to hotel amenities, commercial retail and views across Corio Bay and the Botanical Gardens.
