Melbourne’s Ultimate Parkfront Neighbourhood
Melbourne has long been home to a distinguished class of premium residential buildings, iconic addresses that set new benchmarks in luxury and investment performance. Landmark developments such as 150 Clarendon, The Melburnian, Eastbourne, 17 Spring Street, and 35 Spring Street have consistently outperformed the market, delivering up to 10% year-on-year capital growth.
The Botanic Gardens Project brings together three essential elements that define Melbourne’s greatest residential buildings:
Even at that elevated price, a luxury Melbourne parkfront penthouse is still about 40%–60% cheaper than the top penthouses in harbourside Sydney, which have cracked $100,000/m2. Parkfront addresses in Sydney, have recorded a blended rate of $50,000/m2 across the project. This amount is more than double that of high-end parkfront addresses in Melbourne.
Source: Urbis
High Performance Rental Yield
In Melbourne’s Botanic Gardens Precinct, the indicative gross rental yield for higher-end products outperforms nearby neighbouring locations. Premium projects offer favourable returns also for investors seeking both rental income and capital growth.
The broader central city is currently facing a constrained pipeline of housing supply. This is highlighted by the city’s future apartment pipeline being 60% lower than historic levels with increasing demands fueled by population growth. With developable sites becoming scarcer and more desirable, well-connected locations like the Botanic Gardens Precinct will become a more exclusive neighbourhood to live in.
Source: Urbis
Victoria’s Temporary Stamp Duty Concession
The Victorian Government recently announced a new temporary stamp duty concession for off-the-plan purchases. This applies to contracts signed between October 21, 2024, and October 21, 2025, and allows all buyers: including investors and companies to benefit from a deduction of construction costs when calculating stamp duty. It’s a great opportunity to save on costs while securing a prime property. See the link for details Victoria Temporary Stamp Duty Concession.
If you’d like to take advantage of this opportunity, we’re now accepting Expressions of Interest (EOIs), giving you priority access to the finest layouts and best-value options.
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