Balance of suburb and city life
Vicland Property Group
No. of units:
From A$310,000 (S$355,000)
Estimated completion date:
First quarter 2015
ONE of Melbourne's latest developments offers the calm of suburban living, yet offers quick access to the city centre.
Simply called The Hub, it is located in Richmond, a mere 2.5km away from the city's central business district. The CBD can be reached by pedal-power, tram or, if time is on your side, by foot.
The 170-apartment development is also smack in between North Richmond and West Richmond train stations, just 50m away from the former, and one block from the tram line.
But even with transport conveniences almost at your doorstep, one does not need to venture far for a satisfying night out.
Close by are Bridge Road and Victoria Parade, which boast a variety of shopping options and restaurants.
Travelling further south would take you to Swan Street, which has an array of exotic cuisines, from Nepalese to spicy Indian fare that are sure to whet your appetite.
Sports fans have it good too - the "G", AAMI Stadium, Rod Laver Arena and Olympic Park are a mere 10 minutes away by public transport.
If The Hub's connectivity is good, then so is its interiors. There is a central courtyard which doubles as a gathering space for residents, and every apartment comes with a terrace that lets you enjoy a view of the Melbourne skyline.
The city itself has been voted the No. 1 most liveable city for three years. It also has the largest population growth of all Australian cities - at a rate of over 1,200 people per week.
This increase in households points to a growth in housing demand, said Mr Bill McNee, chief executive of Vicland Property Group, the developer of The Hub.
Representatives of the property group will be in town this weekend for an exhibition on The Hub to be held at Pan Pacific Singapore.
The group has a track record of completing projects on time. Its last project, Habitat, located at Melbourne's Southbank, was completed in June last year.
Those planning to invest in Australian properties are assured of a secure purchase process if they buy a property off-plan (before construction begins).
There are also maximum stamp duty savings of tens of thousands of dollars for investing early in off-plan properties, as opposed to buying a brand-new completed project.