Why this Melbourne Suburb Should Be On Every Investor’s Radar

One of the top travel destination year after year, Australia is known for its luxurious green landscapes and highly cosmopolitan cities. It is also the country best known for its quality of life.

Melbourne, its second largest city, holds the record as the World’s Most Liveable City for seven consecutive years by the Economist Intelligence Unit. Well recognized for its cultural and political stability, quality of education, infrastructure and environment, Melbourne has attracted investors all over the world, placing it as the top Asia Pacific city to invest in by the Urban Land Institute and PricewaterhouseCoopers Emerging Trends in Real Estate Asia Pacific 2019 report.

Melbourne’s strong population growth reflects this reality, with population forecasts predicting that the Victorian capital will overtake Sydney as Australia’s largest city by 2053. With the growth in population, comes the emergence of suburb living as residents begin to move to prominent suburbs as an alternative to living in CBD where home prices are becoming increasingly unaffordable.

Savvy investors have started to jump on the bandwagon by investing in suburbs that have been earmarked as new communities. One key area identified under this Masterplan is none other than Donnybrook.

Melbourne’s most anticipated and promising residential community

Tens of thousands of Victorians are set to call Donnybrook in Melbourne home after the State Government unveiled plans for its development. Located just 32km from the CBD, the Donnybrook train station takes you from home to Melbourne CBD in just 5 stops.

In the last 12 months up to March 2018, the median land prices in the City of Whittlesea including Donnybrook was priced at $237,000 based on APM Price Finders, Urbis. This is comparatively lower than other suburbs with similar distance to Melbourne CBD. House and land prices are relatively affordable in this region as compared to their counterparts, and significant infrastructure are in the pipeline, some already well-underway, to support the growing population in this region.

Blueways and Wolfdene both have a strong track record in creating award winning communities across Australia and Donnybrook is expected to be another one of Melbourne’s most anticipated and promising residential community.

With all the amenities and community assets being built in Donnybrook, house prices are expected to rapidly rise from its current levels.

Choosing an investment with future resale potential

When investing in Australian properties, investors must take note that Australian Real Estate Law requires foreigners to purchase brand new homes or vacant plot of lands.

For foreign investors who intend to sell the property in future, it is important to consider the pool of prospective home buyers that you will be able to resell the property to, namely the Australian locals.

With median house values in Melbourne virtually doubling in the last decade, locals are trading small condominiums in CBD for large freestanding homes with backyards and garages in prominent suburbs such as Donnybrook.

Platform At Donnybrook

Imagine returning home to an integrated network of walking and cycling trails that creates a recreational spine in Donnybrook to Merri Creek, this is the vision of urban living imagined by leading developer Mirvac.

The “Australian Dream” home complete with a large land, backyard, picket fence is one that can be easily realized in Donnybrook.

One particular development, Platform at Donnybrook has captured our attention with its easy access to Melbourne’s CBD. Donnybrook Station is just a few minutes’ walk from anywhere within the Platform estate and is just 5 stops and a little over half an hour to the CBD.

Getting to Melbourne CBD is a logistical nightmare for many but not if you live in Platform. Residents enjoy easy access to every amenity in Donnybrook and the amazing green spaces and landscapes enveloping Donnybrook.

Works are currently underway that will see Donnybrook Station transformed into a modern commuting hub. Planned infrastructure and amenities developments includes transforming the area which encapsulates Platform into a lifestyle, educational and health and wellbeing hub, where shops and amenities are located just around the corner.

Beyond that, Platform is priced attractively, and at a comparably lower price as compared to its counterparts in similar suburbs. In fact, the price of buying a house in Platform is akin to buying a plot of vacant land in other areas of Melbourne, with the added bonus of having a well-designed house that is ready to move in.

For investors who wish to find out more on Platform, 1World Properties will be launching this unique development for the FIRST TIME in Singapore this April! RSVP to find out more about this exclusive property investment event!

 

RSVP for Platform's Launch Event in Singapore on the 6th and 7th April 2019!

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