First home buyers snap up apartments as Arches Maribyrnong construction commences
The Sloane Street development also sits within the Highpoint Major Activity Centre, a precinct designated for major growth by the government
Construction has commenced at Arches Maribyrong, the contemporary apartment development by Rising Sun Developments.
They've secured over 60 per cent of sales, with the majority of buyers being first home buyers and owner-occupiers who already live in the west.
The affordable price tags saw first home buyers snap up apartments which are priced from $385,000 for one bedders, $485,000 for the two beds and three bedrooms from $895,000.
There are 36 apartments across its nine levels. Completion is expected before the end of 2022.
Aside from the price, the development's other biggest driver is its location, just 200 steps from Highpoint Shopping Centre, one of the biggest shopping centres in Melbourne.
The Sloane Street project also sits within the Highpoint Major Activity Centre, a precinct designated for major growth by the government.
Featuring interiors by the local interior design firm Golden, each apartment features a kitchen with Smeg appliances and Terrazzo benchtops, integrated fridge options and LED lighting. Select apartments have a butler's pantry and walk-in closets.
Crowning the development is a 360-degree sky garden, complete with barbecue facilities and lounge and dining seating. There's a further garden on the level six podium.
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