Home News Victoria dominates apartment hotspots list

Victoria dominates apartment hotspots list

Font size :
A new study has named five Victoria suburbs in the New Apartment Hotspots report.
 
Realestate.com.au has released the list that includes the 10 Australian suburbs with the most views for off-the-plan apartments in the past three months. The ranking follows below:
 
1. Collingwood (VIC)
2. Hampton (VIC)
3. Lane Cove (NSW)
4. Mosman (NSW)
5. Melbourne CBD (VIC)
6. Brisbane City (QLD)
7. Rhodes (NSW) 
8. Wollongong (NSW)
9. Carlton (VIC)
10. Richmond (VIC)
 
“When you buy an off-the-plan apartment in Victoria, you get stamp duty savings that are more significant than other states. For example, purchasing an off-the-plan apartment for $500,000 can save you up to $25,000,” said Evan Cathcart of 360 Property Group.
 
He added that the proximity of the CBD and the prominence of young lifestyle to the inner city Melbourne suburb of Collingwood were the key drivers for buyers.
 
“There are parts of Collingwood that are only one km or a 10 minute walk from the CBD. From my experience, most people buying off-the-plan in Collingwood are predominantly young professionals. With Collingwood, they’re close to their white-collar jobs in the city and have bustling cafes, bars and restaurants at their doorstep,” he said.  
 
For Toby Balazs, head of developer sales at REA Group, Realestate.com.au’s New Apartment Hotspots data “paints a strong picture of consumer demand”. 
 

It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan

Mortgage News and Articles

House prices return to more affordable levels in mining towns House prices return to more affordable levels in mining towns

While the end of the mining boom has had a negative impact on property prices, homes in the region have become more affordable Read more

Borrowers should anticipate a possible rate hike Borrowers should anticipate a possible rate hike Some experts advise borrowers to look for a fixed loan that allows extra repayments so that they can whittle down the balance sooner ... Read more

Why choosing the right mortgage is hard for first-home buyers Why choosing the right mortgage is hard for first-home buyers Many feel overwhelmed by the sheer range of products and interest rates on offer, a new survey reveals ... Read more

Mortgage applications drop in second quarter Mortgage applications drop in second quarter This marks the “beginning” of a downward trend, says Equifax executive ... Read more

More mortgage news and articles

Sponsored Links

Wednesday, Jul 26, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Whether you're a first homebuyer, looking to refinance, or investing, it's important to have the right loan for your needs. Just fill in a few details below and one of our trusted mortgage advisers will contact you.

A quick & easy way to find the right home loan
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords