Convesso 8 Waterside Place | Property Investment
The beauty of a smart investment
Cityside at Convesso Concavo is much more than a beautiful place to live. These contemporary apartments at Victoria Harbour, Docklands are where the smart money is going right now.
The opportunity is extraordinary. Interest rates have dropped to historic lows, whilst demand for rental properties in Melbourne, Australia continues to far outstrip supply. This remarkable convergence is sending a clear buy signal to investors. At Convesso Concavo, the long-term outlook for capital growth is as beautiful as the properties themselves.
Some of the reasons why Cityside at Convesso Concavo offers such a positive investment outlook:
- Waterside Location and Premium Build Quality. Whilst Cityside apartments are highly affordable, the Convesso Concavo development is primarily composed of prestigious waterfront homes and tower apartments designed for owner-occupiers. Residential developments with a high proportion of owner-occupiers typically achieve higher than average capital growth.
- Rapid Employment Growth in Victoria Harbour. Major employers including National Australia Bank (NAB), ANZ Bank, Ericsson and Myer have chosen Victoria Harbour for their Melbourne headquarters. More than 12,000 workers will make Victoria Harbour their corporate home by late 2009 and more than 25,000 will be employed there by 2020.
- Rapid Population Growth in Melbourne. About 1,500 people move to Melbourne each week. The city's population is expected to reach 6.2 million by 2020, a decade earlier than previously forecast.
- High Rental Demand. The Real Estate Institute of Victoria reports that the residential rental vacancy rate of central Melbourne is 1.2% (as of Dec. 08), among the lowest on record.* The scarcity of properties led to rental price increases in 2008 averaging more than 10% across Victoria, with the greatest rises in Melbourne's CBD and its surrounds.
- The Trend Towards City Living. Young singles and empty nesters are two of the fastest growing types of households in Australia. They're likely to keep the demand for Cityside apartments growing for many decades to come.
- The Development Expertise of Vivas Lend Lease. Vivas Lend Lease, a division of international property group Lend Lease, has a strong record of inner-city residential development.
- Substantial Stamp Duty Savings. Off-the-plan stamp duty savings available now - but only for a limited time.
- The Potential for Capital Gain Before Settlement. With completion due in mid-2012, Cityside enables you to lock in the potential for capital gain right now, well prior to settlement.
See for yourself the beauty of investing in Cityside at Convesso Concavo.
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