Property Highlight – Williamstown, Melbourne VIC

Apartment 1 – 2 bed, 2 bath, 1 parking
90sqm internal + 8sqm balcony
Apartment 2 – 1 bed, 1 bath, 1 car
54sqm internal + 9sqm balcony
Completion expected 01/05/2024
A Grade Location. A Grade Land. A Grade Build
90% of sales have been to owner occupiers.
Positioned on the second street back from foreshore.
2.1% vacancy rate as at December 2023

The Location

This beautiful development in the historic suburb of Williamstown is just 11kms south west of Melbourne CBD and a short 250m from Royal Yacht Club of Victoria. It’s 450m from Williamstown Beach train station, 300m from the foreshore and 1.4 km from the beach.
Williamstown was Melbourne’s first port settlement so a large proportion is heritage listed. This development has been designed to fit in aesthetically to make the most of all that this area has to offer.
Melbourne’s property market is experiencing a revival from a relatively shot a flat patch as interest rates increased throughout 2023. Currently, Melbourne’s unit market continued to see growth over July, however at a slightly slower pace than recorded in the two months prior. CoreLogic’s Monthly Hedonic Home Value Index found that value of Melbourne units grew by 0.4% in July, following strong gains of 1% in June and 0.9% in May. The July gains better the housing market for the second month in a row. House values grew by 0.3% in July. Unit values are now 2.2% up over the rolling quarter, and 1.4% year to date. The median value for units in Melbourne is now $602,000.
The long-term fundamentals are strong.
This creates a window of opportunity to get into the property market before the Melbourne market really starts to picks up again and investors get locked out of that market due to price. This is what happened in the Sydney market.
Long term drivers for growth:
  • Melbourne ranks among the safest cities in the Asia-Pacific region.
  • Melbourne voted Australia’s most liveable city by the Global Liveability Index 2022
  • Melbourne is now Australia’s largest capital city in terms of population and its way to become a megacity of over 10m residents by mid-century.
  • Melbourne is Australia’s leading #1 economy.
  • Melbourne also has underway Australia’s largest infrastructure spend in history. Over $50b approved with a further $100b proposed.
  • Melbourne has unique lifestyle and economic benefits that will attract overseas migrants as well as plentiful jobs for highly paid knowledge workers.
  • Over the next decade, Melbourne will be the largest recipient of Net Overseas Migration.

The Property

This building is beautifully designed to capture the views while allowing natural light to wash over interiors that are deliberately large on size – catering towards the owner-occupier market.

The interiors are bright and welcoming, designed to let in abundant natural light and draw in cool coastal air. Floor to ceiling glazing maximises outlooks and considered layouts provide adaptable living solutions.

Spacious open living zones extend to balconies designed as an additional living area.

Efficient and elegant open plan kitchens are thoughtfully appointed for a relaxed and fun cooking experience the whole family can enjoy, welcoming conversation as it integrates seamlessly with the living space. Innovative appliances converge with stone splashbacks, and statement tapware sits beautifully alongside exposed timber shelving.

The bathrooms have been designed with a meticulous eye. Large tiles, clean lines and luxury fixtures. Stone-top double vanities, freestanding bathtubs and frameless showers showcasing a high level of design thinking that is sophisticated yet uncomplicated.

Common amenities include a gym located on level one and roof-top terrace with garden, dining and BBQ area with expansive bay & city skylines views ideal for residents entertaining. There’s even a children’s play area.

For more information on this beautiful property, please arrange a time to chat.