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Property Summary Location:                                 Docklands, VIC Type:                                        Apartment Expected Completion:         Mid 2011 Tenant Profile:                       Mainly professional singles or couples                                                    who work in and around the CBD

PROJECT DESCRIPTION

A mixed-use development comprising of residential apartments and retail shops. Metres away from the exciting and vibrant NewQuay Promenade which fronts Victoria Harbour. Close to the Waterfront City development which promises retail shopping, fine dining, entertainment and the magnificent Southern Star Observation Wheel. 

PROJECT ADVANTAGES

• Well located to take advantage of the Docklands growth phase which will offer exciting sporting and social lifestyle.
• Most apartments will offer spectacular views of the city and water.
• Close proximity to the city for work, shopping, entertainment, high quality public amenities, transport, tertiary institutions and private schools.

INVESTMENT OUTLOOK

Capital Growth:          

• After a decade in the making, Docklands is finally taking shape with a huge increase in demand for Dockland property in late 2007 and early 2008. Demand for property which is on the water and beside the CBD will only increase over the coming months and years particularly for the professional market.
• There are only limited sites available so supply meeting demand is unlikely in the short term putting upward pressure on prices.

Rental Return:          

• The relocation of major businesses in the area will create a huge flow on effect in terms of creating demand for rental properties.

"X" FACTORS / KEY GROWTH DRIVERS

• Estimated 20,000 residents will be living in Docklands over the next 15 to 20 years
• The waterfront location of Docklands and access to CBD has seen major corporate entities relocate to experience the benefits of this waterfront location. Major tenants include, AXA, ANZ, NAB, Ericcson, Bendigo Bank, Customs, Master Foods, with plans for more to follow.
• Close proximity to Melbourne University, RMIT City Campus and Victoria University
• Located within Melbourne’s premier Docklands waterfront district.
• Within minutes of Melbourne’s Central Business District.

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