Melbourne, Moonee Ponds, Off-Plan apartments

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Melbourne, Moonee Ponds, Off-Plan apartments

  • Entry level price point: $380k+
  • Affordable compared with many nearby suburbs that have undergone earlier revitalisation
  • Boutique development of 68 units, many with neighbourhood or city skyline views
  • SMSF eligible
  • Considerable stamp duty savings for early purchasers

LOCATION OVERVIEW

Moonee Ponds is an inner suburb of Melbourne, located 6km or five train stops north of the CBD.

It is an attractive prospect for residents seeking a convenient and affordable lifestyle that is close to the CBD, employment hubs, education, transport, retail, parkland and other amenity. 65% of residences are owner occupied.

Many nearby inner Melbourne suburbs have been recently redeveloped, leaving the Moonee Ponds residential market affordable in comparison. This affordability, together with strong recent and projected population growth, is now seeing redevelopment underway in Moonee Ponds.

For more information on the suburb of Moonee Ponds, please refer to this Moonee Ponds Suburb Report (link).

DEVELOPMENT SUMMARY

A central part of the Moonee Ponds redevelopment is Central 35. These attractively priced apartments in the heart of Moonee Ponds, start from $380k for a one bedroom apartment and from $500k for a two bedroom. Most apartments have study areas.

This unique project of 68 apartments is situated in an ideal setting right in the heart of the Moonee Ponds:

  • within easy walk of a wide array of shops, restaurants and cafes, and the Moonee Ponds Central Shopping Centre
  • close to parks and recreation facilities
  • ideally located for transport – within 100m of:
    • the Moonee Ponds train station
    • the local tram stop
    • the bus terminus located at the Moonee Ponds Junction

Just over Mount Alexander Road is the Moonee Valley Racecourse, one of Melbourne’s four horse racing tracks that hosts regular & harness racing as well as other exciting events during the year.

There’s space to get away from the bustle and relax in nearby Queens Park, with its idyllic green surrounds and lovely public art pieces, lake and picnic tables or stroll along the banks of the meandering Maribyrnong River.

For further detail, please refer to this C35 Location To Amenties Map (PDF).

Attractive district and city skyline views are available from most apartments.

The apartments are attractively priced, starting from $380k for a one bedroom apartment and from $500 K for a two bedroom. This compares with the median house price in the area of $976K and the median apartment/unit price of $452K, with the median price generated from a significant proportion of sales being lower-priced older style apartments/units.

The project will be completed approximately 2 years from now.

Beds

1
1
2
2
2
3
PH 2
Bath

1
1
1
1
2
2
3
m2 Int + Ext

47-50 +6-8
47-50 + 6-8
59 + 8
59 + 8
72 + 8
86 + 8
86-100+29-54
Car

0
1
0
1
0
1
1-2
Price

$380k-$410k
$430k-450k
$500k-$510k
$530k-$540k
$620k-$680k
$720k-$800k
$0.9m-$1.15m
Rent pw

$350-$380
$370-$400
$410-$430
$450-$500
$480-$520
$550-600
 n.a.
Stamp duty for early purchasers is based on land value only and before construction will be only $2k-12k (depending on apartment) resulting in subtantial savings for early purchasers. Stamp duty will rise as construction proceeds.

Annual outgoings are estimated to be $2k-6k for strata, and $1,200 for council rates.

Depreciation in Year 1 is estimated to be around $12k for 1 bed units and $15k for 2 bed units.

Please refer to this Central 35Brochure (PDF) or further information including:

  • Images
  • View lines
  • Proximity to amenities
  • Floor Plates
  • FloorPlans
  • Internal Finishes

C35 RENTAL APPRAISAL (PDF)

Moonee Ponds Central 35 Pricing Schedule (PDF)

Availability is changing all the time and prices are subject to change. Please contact Compass Capital for assistance to select the best value apartments.