Townhouses in YarraBend’s newest release, The Mills, sell out within three hours

Townhouses in YarraBend’s newest release, The Mills, sell out within three hours
Townhouses in YarraBend’s newest release, The Mills, sell out within three hours

Property developer Glenvill sold all of their first release of 19 townhouses in their new development YarraBend The Mills in Alphington within three hours on its Saturday launch.

They fetched nearly $19 million combined.

Two additional releases that were scheduled for next year have now been brought forward.

The two and three bedroom townhouses release of the were sold to mainly local Melbourne residents.

There was a 95 percent clearance rate in the release of the first townhouse precinct a year ago.

Ashley Bramich, Glenvill's sales and marketing director said there has been a strong demand from the market to buy into YarraBend.

“We are very pleased with how the market is responding to residences released in YarraBend and because of the high level of interest in The Mills, we decided to release more two and three bedroom townhouses scheduled for next year, and with that brought forward sales for $23,520,000 of stock to meet demand” Bramich says.

“Some drawcards that have attracted buyers to The Mills precinct include the prime location within the development, just 200 metres from the Yarra River and at the heart of the community close to the many amenities that will be on offer, as well as the quality industrial chic design of the townhouses.”

The YarraBend development is located just 6.5km from Melbourne’s CBD in Alphington and The Mills precinct has been designed to reflect the site’s industrial heritage, featuring sawtooth roofs, brick bookends and raw materials with refined finishes.

 Townhouses in YarraBend’s newest release, The Mills, sell out within three hours

CEO of YarraBend, Len Warson, highlights that people are not only buying into the development due to factors such as location, the premium amenity offering and quality of the build, but they are also buying into the vision for YarraBend.

YarraBend offers a unique way of living. We have explored what people value and incorporated these insights into a considered design that pushes the boundaries on what is currently available in the market,” Mr. Warson explains.

“The design of YarraBend is founded on six visionary pillars - art and design, food and entertainment, health and wellness, sustainability, technology and knowledge.”

“Results to date show that our vision is something that clearly resonates with buyers and investors.”

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Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

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