• Melbourne, Australia
  • USD 312,444 - 705,445
  • 538 - 1,475 square feet
  • 1 / 2 / 3 Bedrooms
  • Up to 70% LTV
  • Freehold title
  • Completed

Description

INVESTMENT DETAILS

The beachfront neighbourhood of St Kilda is now a trendy, bohemian area, popular amongst the young and affluent of Melbourne’s growing population. Well-located in St Kilda’s leafy, eastern side, new development The Bowery is an elegant three-storey apartment block of modern apartments situated at the heart of this vibrant neighbourhood.

From 1 July 2016, foreign investors in Melbourne will be required to pay 7% stamp duty. Investments made prior to this date will provide a saving of 4% on stamp duty.

PAYMENT PROCESS
  • A copy of your passport
  • A completed IP Global Unit Application Form
  • Payment of HK$25,000 client fee at the time of reservation
  • 10% deposit
  • 90% on completion

Why invest in St Kilda?

Growth: Melbourne property has demonstrated high demand having risen by an average of 5% per annum over the past decade with property prices in the city increasing 11.1% in the year to February 2016
Affluence: The median personal weekly income of those living in St Kilda is AUD958 per week compared to AUD591 in Greater Melbourne, and AUD561 in Victoria
Currency: Weak AUD offers an attractive exchange rate for foreign investors, coupled with historically low interest rates
Rentals: 1.9% rental vacancy rate for Melbourne overall as of March 2016 and 61.4% of the St Kilda population is renting

Facilities

FACILITIES AND FEATURES
  • Easy access to the CBD (5km away) and Melbourne’s world-class universities by car
  • Less than 5 mins walk to nearest tram stop
  • Prime location just minutes from the beach
  • Car parking available for all units
  • Two-year rental guarantee at 5% per annum

Locate on Map

Contact Us

Name: Zarah Evans
Mobile : +97150-4565828
Phone : +9714-3994937
zarah@exclusive-links.com
Broker id: 23372

Name: Craig Williamson
Mobile : +97150-1599464
Phone : +9714-3994937
craig@exclusive-links.com
Broker id: 23371

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