Melbourne’s real estate market is booming as buyers and sellers are back after the Covid-19 lockdowns. Despite having one of the longest lockdowns in the world, Melbourne flourishes with many new luxury residential and commercial developments.
Why Is Melbourne Good for Living and Investing?
Wouldn’t it be exciting to call a city that brims with countless historical sites, botanical gardens, top-grade universities, beaches, and a vivid and bustling laneway culture in Melbourne a Home?
That’s the reason why many homeowners and investors have their eyes set on new developments in Melbourne. Buying an off the plan apartment or townhouse in Melbourne is more than an exciting process.
Given the city’s reputation as a city of opportunities and resources, buying a property to live in or as an investment is a great idea. The cultural capital also offers an unmatched lifestyle with extraordinary shopping experiences, live music, cultural and sporting events.
How To Travel Around in Melbourne?
The vibrant city, which has something for everyone, is also easy to get around. Melbourne has excellent public transportation facilities and rideshare options like Uber to explore the city.
You can use the city’s public transport like trams, buses, and trains to travel around the city and its nearby suburbs. However, the easiest and most convenient way to get around the city is by the City Circle Tram, and it’s free. These trams are available throughout the day, which also runs an audio commentary of the city’s major attractions and historical landscapes.
The city is also quite walkable, given the friendly laneways. No wonder it’s been named as the most liveable city in the world time and time again
Are you looking for an off-the-plan property in Melbourne?
Off The Plan® is the best way to begin your search for your dream home in Melbourne. Its world-class city infrastructure, education, job opportunities, healthcare, shopping and entertainment andtransport facilities make it a wonderful city to live and work in.
How Much Do Properties Cost in Melbourne?
The median price of units in Melbourne costs approximately $555,000, and houses cost around $920,000, with the prices rising up to 16.8% over the last 12 months. According to the PropTrack Listings Report October 2021, new listings across Australia surged 22.5% month-on-month in September, driven by the increase in Melbourne and Canberra (PropTrack Listings Report – October 2021).
When Is the Best Time To Buy?
According to industry experts, the Melbourne property market is set to grow strongly, and the same growth is expected for the coming year in 2022. House values have increased by about $159,000 over the last twelve months. According to NAB, Macrobond, CoreLogic, If the same surge continues, the value of off-the-plan properties will likely keep increasing, ending up with rapid growth upon project completion.
Here’s What You Should Look For When Buying Off The Plan
If you are new to buying off the plan properties, have a quick look at what to look for when buying off the planproperties in Australia. Online listing portals like Off The Plan® provide a filtered search in finding the best off the plan properties in Melbourne. We keep updating the site with exclusive new properties and assist you with our resources section. This includes everything from Stamp Duty Calculators, Budgeting Tools, and Loan Repayment Calculators.
Here are some tips for choosing a valuable off-the-plan apartment, townhouse or house and land package in Melbourne.
- It’s a good idea to look for off-the-plan properties with proposed scenic features, such as river views or beachfront properties, for a better lifestyle and resale value.
- Look for properties that provide the best home fixtures, fittings, and floorings as they are worth the money you invest.
- If you are looking for properties in the suburbs of Melbourne - Caulfield, Elsternwick, Ormond, Toorak, Brighton, Canterbury, and East Melbourne are the best suburbs to invest in.
Here Are Some of the New Developments in Melbourne
1. Estilo On The Park
This exclusive address is the very last park side location in Chermside! Make Estilo on the Park your new home. This property features 1, 2, 3 & 4 Bedroom apartments and a mix of floor plans over 11 levels. Enjoy Estilo On The Park’s superior location and indulge in retail therapy and the Cafe & Restaurant dining precinct, across the road at Westfield Chermside! For more details on the property Click Here.
Address: 81 Kittyhawk Drive, Chermside QLD, Australia, 4032
Developer: GARDNER VAUGHAN GROUP
Building Type: Apartments
2. The Berkeley
Located on the most sought-after streets in Hawthorn, an inner suburb of Melbourne, the property has only seven breath-taking artistic luxury homes. These elegant houses are designed by Australia’s foremost design practice, Carr, and the garden landscapes by the renowned architectural designer Jack Merlo, so you could only imagine the elegant artistic excellence the houses will provide. For more details and enquiries, click here.
Address: 120 Riversdale Road, Hawthorn VIC, 3122
Developer: Co-Lab Residential
Building Type: Townhouse
Estimated Completion: April 2022
For more off the plan units in Melbourne, browse through our listings at Off The Plan® and find your dream home today. You can start your search by property type and location and have access to the latest off the plan projects happening around Melbourne.
