Outstanding offerings by Melbourne's listed developer MirvaOverseas Property | 2 May 2019
Crowned the World’s Most Livable City by the Economist for seven consecutive years, Melbourne is set to become even more desirable as it derives enormous benefits from a massive urban renewal initiative which will boost the local economy.
For almost three decades, Australia has registered sustained economic growth which outshone every other developed country, even during the global financial crisis. Unsurprisingly, its stellar performance is reflected in an excellent AAA credit rating.
Of late, the Australian dollar has taken a dip, resulting in an attractive ‘discount’ for overseas investors. With Hong Kong properties soaring to unaffordable levels, Australia has increased its attraction as a reasonable alternative for discerning investors. It is also worth noting that Australia’s stamp duty is relatively lower than other popular property investment hotspots, such as Canada.
When the right location meets the right developer
Yarra’s Edge is famed as the elite residential hub in Melbourne, with houses often fetching over AUD 1 million. Situated in between the Fishermans Bend and the Melbourne CBD, this river-fronting district is favored by those working in the business district, who yearn for tranquility with quick access, and its starting price is a mere HKD$3,131 per sq. ft.
One of the largest in Australia, award-winning listed developer Mirvac has long had its eyes on this excellent locale. Renowned for its astute investment decisions and high-quality delivery, Mirvac reveals that over 30% of its property sales come from repeat customers.
A leading developer in the country’s high-end real estate market, Mirvac is active in major cities like Sydney, Melbourne, and Brisbane, and its development projects comprise large-scale residences, commercial, retail, and even industrial buildings. These projects often boast a higher rental yield compared with similar developments in Australia.
Wharfside Residences at Yarra’s Edge (Townhouse)
Positioned just metres from the Yarra’s Edge, Wharfside Residences boast four light-filled and expansive levels of grand living spaces with double garage. Comprising three to four spacious bedrooms, a lifestyle/media room, a generously-sized kitchen fitted with seamless storage and statement Gaggenau appliances, these sophisticated abodes feature luxurious stone bathrooms and a private lift, while a rooftop terrace offers stunning city skyline and Yarra River views.
Sip your coffee as the morning light sparkles off the water and rowers glide by in perfect synchronicity. Start your glorious day with a jog by the water’s edge; step into the many green spaces that envelop your home; and gather with friends for lazy waterside lunches or dinners.
Voyager & Forge –off the plan and completed condominium in Yarra’s Edge
Soon to be towering over Yarra’s Edge, Voyager by Mirvac is the epitome of luxury apartment living. Construction has commenced on the 43-story high water-fronting landmark structure which is currently the tallest tower released within this prestigious precinct. Comprising 1, 2 and 3-bedroom configurations, the apartments are elegantly appointed with imported European materials, appliances, and fixtures by Smeg and Miele.
The premium lifestyle is in full bloom at its rooftop entertainment area, Société. With outdoor and indoor amenities adorned by ample greenery, it is an urban oasis in the metropolis.
Located nearby, the completed residential tower Forge has won multiple awards for design excellence. Its stunning units effortlessly adapt to both traditional and contemporary styling and come with ample storage. Appliances and fixtures are also by Smeg and Miele.
With a sizable aquarium in the foyer, a bookable cinema, a dining room, and the cozy fireplace and lounge area on the ground level, Forge proves to be a special place to live.
Both apartments provide access to the deluxe facilities at the Wharf Club nearby, while the Ye Marina on the Yarra River is right on the doorstep of Yarra’s Edge, and is the ultimate address for water-lovers.
Redefining Melbourne for decades to come
To facilitate the city’s continued development, the Victorian government announced, in 2016, an urban renewal framework of unprecedented scale for Melbourne – the Fishermans Bend. Laying the foundation for the state capital’s dynamic growth up to the year 2050, the project will connect Melbourne’s Central Business District (CBD) to the bay area which will be three times as large in area.
The project aims to boost the population in this area to 80,000 residents with the creation of new employment opportunities. The traffic overhaul will be adding two train stations and increase the local tram routes to four, providing speedy transport to the CBD.
The University of Melbourne, one of the most prestigious universities in Australia, has already purchased land in Fishermans Bend to expand the Melbourne School of Engineering and to accommodate large-scale research facilities. The area will also see the addition of four primary schools and one secondary school.
For these properties, new buyers are exempt from legal fees and FIRB (Foreign Investment Review Board) application fees. Visit the exhibition this weekend to find out more.
Wharfside Residences & Cargo Homes
Offering 3 to 4 bedrooms with double garage
Price: beginning at $2,080,000AUD
Address: 244 - 264 River Esplanade and 108 - 120 South Wharf Drive, VIC 3008
No. of units: 11(228 in total)
Price: beginning at $496,500 AUD
Address: 81 South Wharf Drive, VIC 3008
Voyager (To be completed by 2020)
No. of units: 133(315 in total)
Price: beginning at $525,000 AUD
Address: 103 South Wharf Drive, VIC 3008
Yarra’s Edge Exhibition
Date: May 4 & 5 (Sat & Sun) Time: 11am-7pm
(Seminar by the developer Mirvac: 3pm
Topic: Investment Potential of Yarra's Edge)
Address: East Room, 23/F, Mandarin Oriental,
5 Connaught Road Central
Contact number: 2376 1088 (RSVP)