Highest residence in Southern Hemisphere offering completed units

| 14 Mar 2019

Reaching 101 storeys in height, AUSTRALIA 108 holds the record for the tallest premium residential skyscraper in the Southern Hemisphere. Situated in Melbourne's exuberant Southbank district, the iconic project is the latest landmark among the city's magnificent skyline.

Strategic position: where business and leisure meet

Conveniently located, Southbank is only meters away from Melbourne's teeming Central Business District (CBD), as well as the commercial district Dockland where renowned corporations such as Medibank Private Health Insurance, National Australia Bank (NAB), ANZ Bank, BP Australia, Channel 9, Mercer, and AXA operates. This is the ideal location to attract both short-stay and long-stay tenants.

Moreover, Southbank exudes a youthful and buoyant ambience which attracts locals and visitors alike. As the official Arts Precinct of the city, the locale is teeming with chic boutiques, al fresco cafes, and world-class restaurants.

This city hub also boasts such hotspots as the Crown Casino, outlet mall DFO South Wharf, and Melbourne Arts Centre. But for those who prefer a tranquil afternoon, look no further than the nearby Royal Botanic Gardens and Queen Victoria Park.

Overlooking the meandering Yarra River, AUSTRALIA 108 is a mere 7-minute drive to the CBD and Melbourne Exhibition Centre. Taking full advantage of the city's academic prowess, the project is 12 and 8 minutes' drive from the renowned Melbourne University and the Royal Melbourne Institute of Technology University respectively. There are also myriad acclaimed government schools and private schools nearby.

World-class teams

At this privileged location, international talents have congregated to deliver this stellar project. Melbourne-based architectural firm Fender Katsalidis has curated a striking exterior for the project, with curving glass walls and interlacing green elements. Reserved for amenities, the 70th floor is morphed into a golden starburst expression which pays tribute to the Australian flag.

Also based in Australia, Carr Design Group has graced the building's interior with two themes, Sunlight and Starlight. While the former emphasises the use of light wood textures, the latter is an elegant interpretation on white.

Bringing the bold concepts to reality, World Class Land's extensive experience in luxury residential and commercial projects has proven its worth with the recent completion of the project, AUSTRALIA 108.

Exclusive 5-star amenities

Graciously adorned, the Sky Lobby greets residents and their guests with a round-the-clock hotel grade concierge service.

70 storeys above the ground, Star 70 in the Star Club commands 360-degree views of the Melbourne CBD, the bay, and the nearby green space. Contributing to a healthy lifestyle, the Sky Gym is equipped with premium sporting equipment, finished with the 16-m Sky Pool.

Meanwhile, the Sky Garden with double height ceiling and ample natural light is the place to forget all the daily hustle and bustle.

In the Sky Rise Club, the exclusive Sky Rise Screen offers private movie time for families and friends. For yet more relaxation options, there are steam room, sauna, and spa for your indulgence.

Whether hosting private parties or business events, the exclusive Sky Dining Room will daze guests with captivating view. At the V-Golf Room, a round of virtual golf will surely impress your business associates.

A rare opportunity with exclusive offers

With the majority of one to three-room units, plus premium units on the top floors, AUSTRALIA 108 has proven very popular among both long-term and short-term tenants.

As the project is situated close to major tourist attractions, the occupancy rate now reach 80% or more on online platforms such as Airbnb. With two-bedroom units fetching approximately HKD 1,216 per day, the expected rental return is 9%.

For long-term rental options, owing to its proximity to the CBD and Flinder Street railway station, the project is coveted by locals and white collars workers. For two-bedroom apartments, the current monthly rental return is about 5%, a much higher number than in other cities.

Starting at HKD 4,112 per sq. ft., only 54 units are left among the 1,105 completed units on offer. On top of the current lowly exchange rate of the Aussie dollar, Ray White is now offering exclusive incentives for Hong Kong investors, including 2 round-trip air tickets to Melbourne for repossession, exemption of legal fees, and complimentary window blinds.

This Saturday and Sunday, Ray White will be hosting property exhibitions and Airbnb seminars, where new buyers will enjoy 3-month property management fee exemption on short-stay leasing contract.

AUSTRALIA 108

Location: 70 Southbank Boulevard, Southbank

Composition: 101 Storey, 1,105 Apartments

Parking: 558 car parks, 310 bicycle racks

Property Exhibition

Date: 16th & 17th March (Sat & Sun)

Time: 11 am - 7 pm

Address: The Balmoral Display Gallery, Room 1633, 16/F, Star House, TST

Contact: 2376 1088

Airbnb Short-term Rental Platforms Seminars

Date: 16th & 17th March (Sat & Sun)

Time: 2:30 pm

Quota: 15 (each session)

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