Urban's most popular VIC projects for first home buyers in Q1 2021
The ongoing surge in home financing and purchasing as well as the rebound in home prices is being driven by a combination of record low mortgage rates, home buyer incentives and economic recovery.
Investors have clearly now joined the stampede of buyers rushing housing markets, but the overall home loan market share of investors remains at record low levels.
Despite the fact that investor's saw an uptick in market share over February and March.
Meaning that this trend has been lead by the enormous surge in first home buyer lending which soared to record highs due primarily to incentives like the HomeBuilder Grant and other FHB stimuli like stamp duty discounts.
Check out what first home buyers have been keeping an eye on in Q1, here are Urban’s most popular FHB properties:
1. Sixth Avenue, Chelsea Heights
Address: 15 Sixth Avenue, Chelsea Heights VIC 3196
Two-bedroom townhouses from $599,000
Sixth Avenue, delivered by the Aultun Group, was Urban's most popular project for first home buyers in the first quarter of 2021.
Designed by Point Architects in the near coastal suburb south-east of melbourne, Sixth Avenue features light-filled interiors, bespoke landscaping and recreational amenities within easy reach.
Boasting a collection of 59 two, three and four-bedroom residences, the project provides perfect bayside living with an endless array of retail, dining, and recreational amenities all within easy reach. Whether you prefer to take a dip in the sheltered bay waters or seek the rush of adrenaline through sports and activities, Sixth Avenue’s premium location provides for all lifestyles.
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 Footscray 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.
It is the most affordable development on this list with a one bedroom abode available from $350,000.
3. Haven Townhomes, Keysborough
Address: 42 Homeleigh Road, Keysborough VIC 3173
Three-bedroom townhouses from $675,000
For those First Home Buyers with a family, or seeking something larger Haven Townhomes has been very eye-catching with affordable and stylish three and four bedroom townhomes on offer
Like Sixth Avenue it's another Aultun Group development this time partnering with Cera Stribley Architects.
The Haven estate encompasses a variety of two storey floor plans with the option of choosing a house and land package, or an off-the-plan purchase.
Situated surrounded by thriving wetlands and meandering walking trails, each of the 59 Haven Townhomes are in a prime position for stunning views, access to nature and world-class amenities.
It is set for completion in December 2021.
4. Hawthorn Park, Hawthorn East
Address: 33 Camberwell road, Hawthorn East VIC 3123
Two-bedroom apartments from $670,000
For those first home buyers prioritising luxury living, Hawthorn Park in melbourne's Camberwell is turning heads.
Designed by multi-award-winning architect, Rothelowman, Hawthorn Park reimagines the norm of apartment living.
Hawthorn Park boasts unparalleled amenities - from melbourne's first sky pool and theatre rooms in selected apartments to a stunning sky lounge and approximately 2000 square metres of parkland curated by landscape architect Jack Merlo.
Hawthorn Park is host to the priciest two-bedders on this list, however you are definitely getting the above and beyond with resort style amenities.
5. Verre, Preston
Address: 296 Plenty Road, Preston VIC 3072
Three-bedroom residences from $815,000
296 Plenty Road, Preston
Located in melbourne’s Preston, Verre is the latest offering from the developer Wolf&Lamb.
The Chamberlain Architects designed residences are an entertainers’ delight. Large balconies connect the living room to the outdoors and a rooftop terrace offers a space to host friends or relax against the melbourne city skyline.
Situated in the heart of Preston, Verre which holds sweeping cityscape views is set for completion in early 2022.
One bedroom apartments are available from as low as $385,000, extremely affordable for a first home buyer.