Melbourne Demons v Richmond Tigers: How the two suburbs stack up in the property stakes

The Tigers were dealt a blow by Melbourne Demons under the lights at the MCG on Saturday night.

Melbourne Demons v Richmond Tigers: How the two suburbs stack up in the property stakes
Melbourne Demons v Richmond Tigers: How the two suburbs stack up in the property stakes

The Tigers were outplayed by an inform Melbourne Demons under the lights at the MCG on Saturday night.

At Urban we thought we'd take a look at the property stakes between the two suburbs.

The MCG conveniently sits between the two, with Richmond coming from the east and residents in the Melbourne CBD heading west, both less than four kilometres from the iconic venue.

Richmond’s apartment price has jumped nearly two per cent, in Q1 2021, according to Jellis Craig. The median unit price now stands at $610,000.

As many markets, Melbourne CBD has seen lower volumes of interest from investor in 2021 than past years given the closed borders, now focusing offers and incentives on owner occupiers.

Still, apartments there are down around 1.4 per cent over the same period.

We've rounded up the best apartments for sale in Richmond and Melbourne.

Richmond

One of Richmond's most sought-after developments is Two51 Swan, set on Richmond's prized Swan Street.

Delivered by Blueprint Projects, TWO51 features a collection of 25 apartments over seven levels, including 18 serviced apartments and a top-floor penthouse.

Pitched at second-home buyers and downsizers, the residences are likely to house high net worth individuals seeking modern living amongst Richmond’s rich heritage.

Designed by Watson Young Architects, the project includes ground floor retail space and a grand lobby, rich with gold detailing and art deco opulence.

Prices at Two51 Swan start from $1.03 million.

Appealing more to the first home buyer is Light Edge, the BPM developed block of 31 apartments designed by DKO.

One bedroom apartments in the six level complex start from $400,000, which includes a parking space, and sit just over one kilometre from The G.

Melbourne

One of Melbourne's most recently completed towers is the $470 million Melbourne Grand, developed by Central Equity.

They had Multiplex deliver the 58 level high-rise apartment building which won the 2020 HIA Victorian Apartment Complex of the Year award.

High-profile architects Guilford Bell + Graham Fisher designed the 646 apartment block at 560 Lonsdale Street, standing some 200 metres above street level.

Apartments are still available in the completed building. One bedroom apartments are priced from $489,000, two beds from $569,000 and three bedroom apartments from $869,000.

Around 800 metres away on Collins Street is Collins House, the Bates Smart-designed tower.

One of Melbourne's thinnest skyscrapers, the Deague Group's slender tower floats atop the grand heritage facade of the Maker’s Mark building.

It homes 259 spacious apartments across 60 floors with panoramic city views and floor to ceiling double glazed windows.

There are two levels of amenity with the level three Collins Terrace featuring indoor and outdoor dining and lounge spaces, a gourmet chef’s kitchen for resident’s use and an open terrace surrounded by lush greenery atop the heritage facade.

The level 27 St James Club has a state of the art gym, an outdoor deck and private bar and lounge areas.

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.

Tags: 
Melbourne apartments City of Melbourne Richmond

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