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Buy Dew

Apartment Residential Property for Sale in Melbourne, VIC, Australia

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Title: Dew
ID Number: 11830
State: Victoria (VIC)
City/Town/Suburb:MELBOURNE VICTORIA 3000
Listing Type: Residential Property
Categories: Apartment, (Off the Plan)
Description: Dew
8-10 Clydebank Road, Edithvale
Convenient, coastal, unexpectedly urban.
Ambling down for a mid-morning swim off the pier as seagulls dangle mid-air in the
offshore draft. An after-work run with the salty evening breeze caressing your sun-kissed
face. You stroll down shadowy fairways, birdie the 9th, then home. This life fits you to a
tee. Cocktails with friends after work at Side Street or a family fish-and-chips’
night over
a crisp white at Main Street.
A cooling smoothie at Soul Press, some chit-chat at Cafe Blah Blah? Coffee and cake at
Hendriks, just listed #5 in the Good Food Guide’s best new Melbourne cafes. Put your
money where your mouth is at Big Mouth Burger, enjoy a spot of people-watching over
pancakes at Main Street or make it a romantic dinner on the water at Doyle’
s. Come and
see what’s on the menu.
Why Invest?
While Edithvale is further from the CBD than areas typically associated with high density
living, the suburb scores highly on a number of typicaldrivers of successful high density
development, including transport connections and access to amenity.
As the wave of demographic change moves away from the CBD, suburbs like Edithvale
with their strong transport infrastructure to the city, changing demographics and seaside
location, become more conducive to high density development.
Traditionally average household size increases and the proportion of renters decreases
in areas further from Melbourne CBD. Edithvale has higher median rents and a higher
median apartment price than many of the surrounding suburbs including both Mentone
and Mordialloc where there has been a greater quantum of higher density development
in recent years. In terms of annual price growth, medium to long term median apartment
prices have been strong in Edithvale (10 year annual average growth rate of 5.3%). This
average annual growth rate is almost twice that of apartments in the Melbourne CBD
which grew by 2.8% over the same period.
The age profile of new migrants into Edithvale is concentrated in the age cohort 25-44
years, which in attracting a greater number of residents aged 25-34 would appear
to drive a relatively younger profile compared to existing (at the time of the census)
residents. This age cohort forms a key part of the market that typically consumes higher
density dwelling forms such as apartments and seek locations with easy access to
employment in the CBD.
Price: $ 380,000.00 to $ 659,000.00
Stock Value: Upon application
Net Profit: Upon application
Turnover: Upon application
Map of MELBOURNE VICTORIA 3000, AU

Contact: Mr Brian Downes
Jontone Productions Pty Ltd
Phone: 0455 38 00 84
Mobile: 0455 38 00 84
Email: [email protected]