December 2020: New apartments you can buy in Melbourne for under $500,000
Buying your first apartment can seem like a daunting task and entering the property market is expensive and confusing. Finding affordable housing in Melbourne is even harder, especially when you don't know where to look.
If you're a first home buyer or your budget is on the tighter side, here are five residences you can get for $500,000 in Victoria's capital.
One-bedroom apartments from $469,000
Address: 70 Southbank Boulevard, Southbank VIC 3006
For less than $500,000, you could find yourself living in the landmark Melbourne building, Australia 108. Located on the prime location of 70 Southbank Boulevard, Southbank, the development is just a short walk from the promenade, the Yarra River and the bars and restaurants that line it.
Home buyers can enjoy a one-bedroom, one-bathroom apartment for $469,000, giving them access to residents-only facilities on the 70th floor, the building’s golden protrusion named the Star Club. Amenities
One-bedroom apartments from $420,000
Address: 72-76 Batesford Road, Chadstone VIC 3148
Located close to the Southern Hemisphere’s largest retail and lifestyle hub, Collins & Bates brings you city convenience alongside crafted courtyards for natural surrounds. Designed by Point Architects and C&C Interiors, Collin & Bates offers residence private outdoor balconies, oak timber flooring and timeless interiors.
Estimated for completion this month, the project offers one-bedroom, one-bathroom residences, with a private car space from $420,000.
One-bedroom apartments from $400,000
Address: 59 Stables Circuit, Doncaster VIC 3108
For just $400,000, Folia offers home buyers the change to live in the newest chapter at Apartments of Tullamore. Nearby amenities include health and lifestyle clubs, resort-style tennis courts, indoor and outdoor heated pools and manicured landscaping.
Designed by Mirvac’s design team, Folia will offer a collection of one, two and three-bedroom apartments, featuring greenery-fringed balconies, a rooftop conservatory and a kitchen garden.
4. Melbourne Quarter, Docklands
One-bedroom apartments from $458,000
Address: 628 Flinders Street, Docklands VIC 3008
Bordered by the renowned Collins and Flinders Streets, Melbourne Quarter offers residents the convenience of living in Melbourne’s vibrant CBD at affordable prices for first home buyers or investors. The project includes a hotel-style lobby, concierge and three floors of resort-style amenities.
Home buyers can enjoy a one-bedroom, one-bathroom apartment for $458,000. Amenities include a 25-metre indoor swimming pool, spa, multi-purpose gym, function rooms and a 20-seat theatrette.
One-bedroom apartments from $476,000
Address: 251 City Road, Southbank VIC 3006
Located in Victoria’s Southbank Precinct and set over 51 storeys, Palladium Tower offers incredible amenities and communal facilities at an affordable entry-point. Designed by Squillace, the vertical village includes 400sqm of indoor and outdoor space, a residents’ lounge, a bar and private dining room, a pool and a gym.
Priced at $476,000 for a one-bedroom, one-bathroom apartment, first home buyers will be offered contemporary design, views of the city and ocean, and the choice between two colour palettes to style their home.