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.
A copy of your passport
A completed IP Global Unit Application Form
Payment of HK$25,000 client fee at the time of reservation
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 AND FEATURES
Easy access to the CBD (5km away) and Melbourne’s world-class universities by car