Australian home prices have undergone wild fluctuations in recent years, with major cities like Sydney and Melbourne leading the charge and hitting historical high.
HSBC’s latest forecast for this year put property price gains of 8% to 12% for Sydney, and 10% to 14% for Melbourne. This promising outlook, coupled with the recent sharp decline in both the Australian currency and the interest rates, points to an opportune time to take a serious look at Australia, and in particular, Melbourne.
Authoritative studies have confirmed Melbourne’s enviable status as the world’s most liveable city for 7 years in a row. There has been a constant addition of people, numbering some 120,000 per annum into this increasingly popular Victorian capital city.
For the property market, the vacancy rate in major cities has always been low. Li points out that the property price of Melbourne is merely around 70% of that of Sydney and the rental yield of Melbourne is higher than Sydney.
Situated in Lonsdale Street, the dual towers of 380 Melbourne make a striking addition to the mid-town cityscape, and elevate style, amenity and convenience to luxurious new heights.
Boasting 687 modern and light-filled units, the development is a world-class project from Brady Group, one of Melbourne’s most experienced developers. Meanwhile, the development is designed by Elenberg Fraser, a multi award-winning, integrated architecture practice operating across the Asia-Pacific region.
For those who focus on fitness and wellbeing, you’ll find a range of healthy options at the ready, including a gymnasium, yoga and personal training studio, 25-metre indoor heated pool and a spa, steam room and sauna.
For gourmands, 380 Melbourne’s selection of private dining rooms will allow you to cook up a storm for family, friends and neighbours. Alternatively, enjoy a casual and fun dinner with your beloved ones at the outdoor BBQ area. You can also amplify the joy by heading to the private cinema; a karaoke room complete with its own bar; or a games room featuring foosball, table tennis and a giant TV.
To unwind after a long tiring week, visit the rooftop garden terrace which is perfect for some ‘me time’; or enjoy a book at the library and study space, or residents’ lounge.
Strategically situated at the geographic and retail heart of the CBD, 380 Melbourne is a mere 3-minute walk to the Melbourne Central and train station. 380 Melbourne puts everything you love most just a short stroll away. The neighbourhood offers a wide range of restaurants and some of the hottest shopping centres in town. One of them is the Emporium complex – as one of the Melbourne’s newest shopping centres, the seven-level, $1.6-billion complex is situated just across the road.
380 Melbourne is also a smart address for university students. For example, the esteemed University of Melbourne is only minutes away by tram. Meanwhile, RMIT, the global university of technology, design and enterprise, is a mere short five-minute walk from the development.