MAB Coproration

First home buyers will get an exclusive crack at three of the latest apartment projects by the Melbourne apartment developer, MAB Corporation.

A Victorian-first, MAB are offering what is essentially a pre-release of apartments just for those getting on the ladder for the first time, with an eight-week window before the apartments are available to everyone.

The three inner northern ring apartments,&nbsp;Academy North Melbourne, Merri Northcote and Preston Crossing, will see first home buyers get a chance to purchase with a three percent deposit, or less than $11,000.

[smartcode_project:default project_id=109972 project_image_fid=185444]

For deposits greater than three per cent, purchasers will be entitled to a rebate that reduces the balance paid at settlement &ndash; an initiative designed to encourage saving while the homes are delivered.

Over 100 new apartments across the three projects will be available to first home buyers before launching to the broader public in 2022.

MAB General Manager Residential, David Allt-Graham said the initiative is&nbsp;a great opportunity for first home buyers.

[smartcode_project:default project_id=109972 project_image_fid=185457]

&ldquo;MAB understands the challenges first home buyers face entering the inner-city property market and we believe that this initiative will help people in our city purchase their first home in tightly held inner-city locations,&quot; Allt-Graham said.

&ldquo;What&rsquo;s more, all three projects are being developed as sustainable, future-proofed homes with a minimum 7 Star NatHERS rating along with our commitment to deliver a 5 Star Green Star As-Built certification.

&quot;With a focus on sustainability, and operating fully electric, we&rsquo;re ensuring these future residents will have homes that are less expensive to operate and are better for the environment as we move towards a carbon-free future.

About MAB&rsquo;s Participating Projects 

Academy, North Melbourne 

The third collaboration between MAB and architect McBride Charles Ryan (MCR), Academy comprises 17 townhouses and 150 apartments and showcases an innovative, avant-garde design underpinned by flexible, welcoming homes that elevate the wellbeing of residents.

[smartcode_project:default project_id=110214 project_image_fid=185969]

Merri, Northcote

Designed by Six Degrees to complement the natural beauty of Merri Creek, Merri Northcote will be home to 151 apartments upon its completion.

The new homes at the development aim to feel familiar and are immersed in their lush surroundings &ndash; encouraging a connection to nature through planned biophilic integrations and easy access to walking tracks.

Preston Crossing, Preston

Spearheaded by renowned architects Hayball, Archier and Breathe Architecture, Preston Crossing will home a&nbsp;mix of apartments and townhouses totalling 147 dwellings, which will champion progressive design and a connected community.

[smartcode_project:default project_id=109972 project_image_fid=185447]

Over 100 new apartments across the three projects will be available to first home buyers before launching to the broader public in 2022

Joel Robinson

MAB Corporation to reserve first release of three Melbourne apartment developments for first home buyers

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MAB’s 7 Ormond development at University Hill has proven to be a success with medical professionals including specialists in paediatrics, psychology, gastroenterology and endoscopy snapping up suites in the $18 million project.

Positioned between the Austin Hospital in Heidelberg and the Northern Hospital in Epping, 7 Ormond is surrounded by universities, private schools and a major retail precinct in a rapid growth corridor 18 km north of the Melbourne CBD.

In the last seven months, the first stage has seen 16 out of 22 suites sold, with approximately 60% of the sales attributed to medical occupants, many of whom are relocating or expanding from medical suites located in Melbourne’s north.

<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/mabc9791_bundoora_precinct_ia01_lobby_updated.jpg" rel="gallery-all" title="Interior render of 7 Ormond lobby. Image: Supplied"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/mabc9791_bundoora_precinct_ia01_lobby_updated.jpg?itok=5fhp_Gxe" title="Interior render of 7 Ormond lobby. Image: Supplied" width="580"></a>

<figcaption>Interior render of 7 Ormond lobby. Image: Supplied</figcaption></figure>Dr Luke Sammartino, one of the busiest paediatricians in Melbourne’s north, purchased a 150 sqm suite after outgrowing his current clinic, with the new location allowing him to open a multi-modal ‘one stop shop’ clinic.

Joining Dr Sammartino at 7 Ormond will be Professor Antonio Paolini, a Clinical Neuroscientist and the CEO of higher education provider ISN Psychology, who was one of the first purchasers in the development.

According to Professor Paolini, the appeal for him was 7 Ormond's strategic location within an emerging medical hub, and its proximity to the existing teaching facilitie nearbys.

MAB released the second stage of 7 Ormond in February and says it expects to draw further interest from medical professionals.  Stage two will have its own entry, dedicated lift and amenities with office suites ranging in size from 65 - 130 sqm.

Construction commenced on 7 Ormond in November last year and is expected to be completed in September 2019.

<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/mabc10235_9_ormond_e01_hero.jpg" rel="gallery-all" title="The low-rise development has been a big hit with the medical sector. Image: Supplied"><img alt="" class="image-article-full-width-580px" height="348" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/mabc10235_9_ormond_e01_hero.jpg?itok=Kv_-flec" title="The low-rise development has been a big hit with the medical sector. Image: Supplied" width="580"></a>

<figcaption>The low-rise development has been a big hit with the medical sector. Image: Supplied</figcaption></figure><h2>What they say...</h2>

<blockquote>
“There are many reasons we are excited to be moving to 7 Ormond - the schematics of the building are absolutely beautiful. University Hill is becoming a medical precinct and this particular purpose-built building will allow us to expand to have five additional staff.

7 Ormond has afforded us the flexibility of size and location and is easy to get to from north, south, east and west with plenty of car parking. The proximity to other medical professionals will also provide a sense of collegiality within a commercial hub environment.”

- Dr Luke Sammartino, Paediatrician
</blockquote>

 

<blockquote>
“Bundoora, and especially University Hill, is well positioned as a major access point for a growing population. The medical hub emerging at Bundoora and 7 Ormond, will help us grow our service offerings and utilise cutting edge treatment options for mental health. 

We were also impressed by the design of the building - its elegant exterior and position presents an element of style and tranquility.”

- Professor Antonio Paolini, Clinical Neuroscientist and CEO of ISN Psychology
</blockquote>

 

<blockquote>
“University Hill in Bundoora is definitely becoming a key medical precinct within Melbourne’s fast growing northern suburbs. MAB is pleased to contribute well designed and flexible office space that enables medical professionals to grow their practices.” 

- Raphael Poggi, Development Manager MAB
</blockquote>
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MAB Coproration

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