Media: Metro Melbourne’s best off the plan apartments and townhouses completing in 2024

A surge in buyer demand has been ignited by the recent signal from the RBA, indicating that the official cash rate is nearing its peak, which has many believing  that Melbourne’s property sector is primed for an imminent boom

This article was originally published in urban.com.au by Alison Warters.

In the wake of the COVID-19 pandemic, Melbourne grappled with substantial economic repercussions and a prolonged period of stringent lockdown measures, surpassing any other global city.

In addition to a relentless sequence of interest rate hikes, coupled with a slump in consumer confidence, it painted a bleak picture.

However, prevailing indications now suggest that the Melbourne property market is on the cusp of a prolonged growth cycle.

Heath Thompson, director at Projects by Buxton, recently told Urban that the next project, and the next, and the next, all have to be more expensive for the buyer, because both land and build costs are more expensive which impacts the developer’s bottom-line.

A surge in buyer demand has been ignited by the recent signal from the RBA, indicating that the official cash rate is nearing its peak, which has many believing  that Melbourne’s property sector is primed for an imminent boom.

And with that comes the need for new housing options across the state. We’ve wrapped up the best apartments and townhouses in Metro Melbourne completing in 2024.

 

Project: Early 3191

Address: 3-11 George Street, Sandringham

Developer: DM Property

Early 3191 is set to redefine Sandringham living.

Designed by architecture-powerhouses Rothelowman, Early will deliver 35 three and four-bedroom townhouses upon completion, with prices from $1.299 million.

With an estimated completion date of late 2024, prospective buyers are still able to save significantly on stamp duty costs

The townhouses boast a timeless facade that offer striking contrast with textured materials, with materials and finishes selected to not only stand out amongst the crowd, but to also carry a sense of longevity and luxury.

Award-winning designer, Adele Bates crafted the interiors of each townhouse, which boast a considered palette of warm timbers and textural natural stone, coupled with CDK marble benchtops, as well as SMEG and Fisher & Paykel appliances.

The townhouses have been designed to make the most of natural light, with large windows and open living spaces that invite the outside in, with each home adjoining to spacious terraces which provide a seamless transition from indoor to outdoor living.

The three-bedroom townhouses feature two bathrooms and two car spaces, while the four-bedders include three bathrooms, along with two car spaces.