Five Melbourne apartments for first home buyers under $500,000

Many residences in Victoria, suitable for first home buyers, investors or downsizers, can be secured at an affordable price

Five Melbourne apartments for first home buyers under $500,000
Melbourne Quarter, Docklands. Image: Supplied

Brand-new luxury apartments in Victoria don't have to break the bank with many residences suitable for first home buyers, investors or downsizers offered at an affordable price point. 

Urban takes a look at five new developments on the market under $400,000.

1. Melbourne Quarter, Docklands
Address: 628 Flinders Street, Docklands VIC 3008
One-bedroom apartment from $458,000

Lendlease’s Melbourne Quarter offers a collection of 719 one and two-bedroom apartments with an entry price of $458,000.

Designed by Fender Katsalidis, the project boasts a luxe lobby, concierge and exclusive access to three whole floors of resort-style amenities at Club MQ, such as a multi-use space, pool, theatrette and library.

For those who buy now, you can save thousands on stamp duty savings plus a blinds package, subject to eligibility criteria.

2. Live City, Footscray
Address: 124-188 Ballarat Road, Footscray VIC 3011
Two-bedroom apartments from $460,000

The new masterplanned community, Live City, comprises 208 residences spread across 14 floors, backed by developer R&F Property Australia.

Set to deliver over 1,400 apartments across eight buildings, the project brings together a fully-integrated, mixed-use community that’s thriving with character and history.

Designed by Elenberg Fraser, each residence features floor-to-ceiling windows, contemporary interiors and an abundance of natural light.

3. Omnia, Moorabbin
Address: 4-6 Horscroft Place, Moorabbin VIC 3189
One-bedroom apartments from $465,000

Located in close proximity to Moorabbin train station and wonderful local community facilities, Omnia is the latest development by Shenfield Property.

Offers an exceptional selection of 40 residences in one, two and three-bedroom configurations, the development features park frontage, energy-efficient design and north-facing aspects.

Designed by Roger Brayshaw Architects and Aldona Padjak, the homes feature timeless sophistication, open-plan living and modern style.

4. Melbourne Grand, Melbourne
Address: 556-558 Lonsdale Street, Melbourne VIC 3000
One-bedroom apartments from $489,000

Winner of the HIA Victorian apartment complex of the year for 2020, the Melbourne Grand has its one-bedroom apartments starting from $489,000.

The 652-unit project, developed by Central Equity, offers generous living areas, ample storage and an entire floor dedicated to resort-style facilities.

Among its amenities include a fully-equipped boutique cinema, state-of-the-art gymnasium and swimming pool.

5. Sky Garden, Glen Waverley
Address: 227 Springvale Road, Glen Waverley VIC 3150
One-bedroom apartments from $498,000

Developed by Golden Age, Sky Garden is the latest mixed-use development in Melbourne’s Glen Waverley.

Featuring over 4,000 sqm of internal and external facilities, the development boasts incredible value at an entry price of just $498,000.

Its features include a sky garden, private cinema, gym, heated lap pool and private library.

Click here to view five luxury apartments on the market in Melbourne for under $400,000.

Max Kwok

Max Kwok

Max Kwok is a staff contributor at Based in Sydney, Max has previously worked at Property Observer where he specialised in content creation and editorial research.

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