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In 2000, construction commenced on the first apartments at Melbourne Docklands. Ten years later, around $6 billion has been invested in the area, and Melbourne Docklands is continuing to develop as a place where people choose to live, work and visit.
By acquiring property in the premium Yarra’s Edge precinct you are becoming part of the new Melbourne – Melbourne Docklands. It is now home to over 6,000 residents and high profile office tenants are continuing to move in along with an estimated 19,000 workers currently employed in the area. When complete in around 2020, it will almost double the size of the Melbourne CBD.
Astute investors in Yarra Point will benefit from purchasing within the already established Yarra’s Edge community.
Independent research by property consulting firm Charter Keck Cramer reveals that the median price of Yarra’s Edge apartments increased by over 20% in 2010. View the Charter Keck Cramer Report here.
Local agents Lucas Real Estate have provided an estimation of projected rental returns for Yarra Point. The report has been complied after analysing comparable rental evidence obtained from recent records, and taking into account inflation. View the Lucas Real Estate Report here.