RIVERSIDE, the latest development that we have brought to our Malaysian investors, and perhaps one of the most interesting one you would have come across recently in the market. It is the last stage of a five stages development in Footscray, Melbourne.
Key Growth Suburb - With property prices within the same distances to the city, other suburbs like South Yarra, Richmond, Abbotsford, even slightly further away like Northcote are already commanding prices between A$7,000 to A$11,000psm, and here in Riverside, prices start from A$5,500psm! Footscray is probably the last of these gems to transform and it won’t be long when property prices take a hike in this locality, for one very important reason, it’s proximity to the city, public transportation, universities/schools and amenities. Take Richmond as a direct example. 15 years ago, Richmond has the same profile as Footscray has today, but due to its connectivity and location, changes had to take place and in a short period of time, the neighbourhood transformed into a highly regarded address today.
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Capital Growth Potential - statistics have shown that Footscray has been enjoying an average growth (for apartments) of 6%p.a. in the past 4 years, while houses have enjoyed up to 8.1%p.a. growth. With the other parts of the inner city becoming too expensive for many, more will turn to locations like Footscray, where one maintains the distance to the city, the convenience of having public transportation, shops, cafes, restaurants, schools and amenities. Footscray vs. other suburb within the same distance, we are looking at price differences of 22% to 50% lower (at RIVERSIDE). It is only a matter of time than Footscray catches up with prices and
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The Development - It is not often that such a development, with direct access to the river is offered. This alone, is already a big attraction to the nature loving Melbournians. It is a valuable “natural” feature which can’t be created. This is the last stage of the development, and future residents will not face anymore construction nuisance nor additional units on the street. The apartments are spacious, (1 bed - 48.4sm, 2 beds - 85sm to 90sm & 3 beds - 98.3sm to 100.4sm) and each unit will have clear views of either the city or the tranquil suburb views of low rise houses and greeneries. Unlike in many other inner city developments, car space would be included in the purchaser price without additional costs. There will also be an indoor heated pool, gym and a riverside cafe in the future.
MODERN LIVING WITH THE SPACE & CONVENIENCE YOU NEED!
1-11 Moreland Street, Footscray
1, 2 & 3
1 & 2
Swimming Pool, Gymnasium, Car Park
From AUD 300,000 & above
Delta Group Property