Urban’s top suburbs for VIC 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.
This trend has been led 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.
Urban has taken a look at which suburbs have been the most popular among first home buyers in Q1 2021.
1. Footscray
Live City
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, delivered 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.
2. Keysborough
Haven Townhomes
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
Brought to you by Aultun Group, the development was designed by 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.
3. Southbank
Melbourne Square
93-119 Kavanagh Street, Southbank VIC 3006
Two-bedroom apartments from $642,000
OSK Property are the group behind the boutique collection of homes at Melbourne Square.
Featuring four distinct themes, it has been architecturally designed by Cox Architecture, with interiors by designer Sue Carr, creating flawless spaces which make the most of the spectacular city views on offer.
Each bedroom boasts a stunning view via floor-to-ceiling glazing, plus the master suites offer a unique panoramic city vista.
Set for completion in mid 2021, amenities include a full-line Woolworths and other shops as well as resort-style facilities including pools, sauna, spa, gymnasium and a yoga room.
4. Brunswick
Canvas
Address: 272 Barkly Street, Brunswick VIC 3056
Two-bedroom residences from $680,000
ID_Land’s latest Brunswick development, Canvas offers residents a premier home with breathtaking vista's.
Designing a building offering a collection of 62 one, two and three-bedroom apartments, Rothelowman Architects has placed people at the cornerstone of their design.
Located on the building’s rooftop is a variety of communal spaces providing residential amenity and green spaces, with views of Melbourne’s city skyline and parks.
Canvas lies in the heart of Brunswick’s vibrant community with retail hotspots, diverse eateries and bustling bars that are just a short walk away.
5. Melbourne
Melbourne Grand
Address: 560 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 luxuries like a fully-equipped boutique cinema, state-of-the-art gymnasium and swimming pool.
With an entire tenth floor dedicated to resort-style facilities, Melbourne Grand offers an outstanding living experience rising 58-storeys above the CBD.
Designed by Guildford Bell and Graham Fisher Architects, the development features an indoor pool, gym and yoga studio, residents’ lounge and 17-seat luxe theatre.
A coffee bar and banquet room also provide the ideal setting for entertaining family or friends.