Melbourne has been voted the world's most livable city for the seventh consecutive year (2017) by The Economist.
As at December 2017, the estimated population of Victoria was 6.385 million people, an increase of 143,400 or 2.3% pa.
In the same 12 months, Melbourne's population grew by 127,000 new residents or 2,440 people per week or 2.3% pa.
Exceeding the Australian national average population growth of 1.6% pa.
It is predicted that by 2050, Melbourne's population will be 8 million people. The same size that New York is today.
Because of the population growth, VIC Government is spending billions of dollars on infrastructure.
- $1.3 billion CityLink Tulla Widening Project - will increase capacity, reduce travel times and improve safety on CityLink and the Tullamarine Freeway
- $2.3 billion in 65 next-generation high capacity trains for the metropolitan network
- $2.4 billion in its 2015-16 budget towards level crossing removal works
- $10.9 billion Metro Tunnel project will enable more trains to run in and out of the city to cater for Melbourne's growth
- $440 million Murray Basin Rail Project will upgrade Victoria's freight network. The project will increase the capacity of these vital freight lines, enabling more cost-effective delivery of exports to Victoria's ports
- West Gate Tunnel Project is Melbourne's much needed major second river crossing. The project will create 6,000 new jobs
Brunswick represents excellent value in comparison to other suburbs of equal proximity to Melbourne CBD
Brunswick has started undergoing rapid gentrification with excellent bars, restaurants and cafes opening up in the area. This will pave the way for further gentrification in the short-term, by attracting young professionals based on the new and cool lifestyle offerings
Brunswick now has a very similar feel to Collingwood of three to four years ago, with bars, cafés and restaurants popping up in volume Collingwood has since enjoyed strong capital growth, with a capital growth rate of 16.52% in the past 12 months
As gentrification increases so does capital growth, as demonstrated in other similar suburbs closer to the CBD. As each suburb gentrifies and property prices increase, buyers look to neighbouring suburbs creating a ripple effect
Brunswick's property prices are yet to reflect the sharp increase in the number of professionals residing in the suburb. This would suggest strong capital growth is imminent
Masses of white-collar residents are moving into Brunswick which presents an affordable option only 4km’s from Melbourne’s CBD
Why this Development?
Brunswick East is one of Melbournes best suburbs to invest in, with superb local amenities and investment friendly demographics combine to produce an ideal apartment market, featuring 102 apartments over 7 levels. The number 1 & 8 tram line is located outside the project on Lygon St with direct access straight into the CBD and Melbourne University. Scoring 83 on wwww.walkscore.com.au you have all the lifestyle amenities around you.
Other features include;
- Outdoor Cinema
- Rooftop Terrace Landscaping
- Lounge seating
- Outdoor BBQ
- Outdoor Teppanyaki BBQ
Only 5 apartments available in this completed development.
The developer is offering a 10% discount on the listed price below.
One Bedroom, one bathroom with parking
- Purchase price $479,000
- Int: 45sqm
- Ext: 15sqm
Two Bedroom, one bathroom with parking
- Purchase price $679,000
- Int: 62sqm
- Ext: 18sqm
Two Bedroom, two bathrooms with parking
- Purchase price from $669,000 - $689,000
- Int: 69sqm
- Ext: 8sqm