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Royal Parkville Apartments

Price From $345,000
Bed Bath Car INTERNAL
SIZE		 FROM AVBL
1 1 1 46 - 65
 $390,000 Yes
2 1 - 2 1 52 - 80
 $452,500 Yes
SCROLL TO
Development suburb Parkville
Development type Apartment
Development status Under Construction
Est. Completion date Dec 2012
SUMMARY
Affordable boutique apartments in the heart of Parkville.

Perfectly positioned only 4km’s from the CBD and near Melbourne University or RMIT, Royal Parkville is also in close proximity to the bustling café culture of Lygon Street.

The vibrant Queen Victoria Market is accessible by tram, train or bus as is some of Melbourne’s major hospitals. By car it is easy to access CityLink, the road expressway that links Melbourne’s three major freeways.

The Parkville lifestyle and the abundance of established amenity and show more landscaped parklands will make Royal Parkville an appealing development.

Location
There’s simply no better place because Royal Parkville is set within Parkville Gardens, a superbly designed village with a superb spread of amenities and natural aesthetics rarely found together in inner Melbourne.

Here in Parkville Gardens you can live life your way, whether that means hooking up with other residents or settling in your own space. Speaking of space, Parkville Gardens is set within a 20 hectare site. And it all leads straight into the natural splendour of Royal Park. So letting loose outdoors withfriends can be a spontaneous, everyday experience.

As well as liberating opportunities for recreation and education, the wetlands that link Parkville Gardens with Royal Park provide for a significant bio-diverse habitat and a sustainable means for recycling water to irrigate public open space, including the nearby Royal Park Golf Course.

Parkville Gardens treats Parkville’s heritage with equal appreciation. Stroll around Parkville Garden’s Heritage Precinct and Village Square and see for yourself. Stretch out in your very own Community Park and watch children having a ball in the playground.

Step beyond Royal Parkville and you’ll see that living here is also about village life. Leafy streets with cafes, shops and boutiques all within easy bike riding distance. Carlton, Kensington and the CBD included.

And about park life. Royal Parkville’s stunning apartments are made more spectacular by their proximity to breathtakingly beautiful parklands with Royal Park only a stone’s throw away.

Royal Parkville is amongst one of the ultimate locations in Parkville: close to Melbourne’s leading universities and finest hospitals, spectacular parks, easy public transport access to the city and easy freeway connection to Melbourne Airport via CityLink.

Parkville Sales & Rental History

According to leading property market analysts, SQM Research:

•Apartment prices in Parkville experienced strong growth from 2005 to 2009, growing at an annualised rate of 7.1%, greater than the City of Melbourne Local Government Area (LGA) annual growth rate of 4.9%.

•Over the past three years (mid 2007–mid 2010), Parkville has recorded rental growth stronger than historical averages, achieving an annualised growth rate of 11.2%. This was greater than rental growth in the City of Melbourne LGA and greater Melbourne, which recorded a three year annualised growth rate of 8.2% and 10.5% respectively.

•Strong rental growth in the area attributed to tightening vacancy rates, which fell significantly in the latter half of 2009.
•Vacancy rates in Parkville during 2010 have been approximately 2% for the year to date.
•For the last five years (2005–2009) Parkville has had on-going rental growth and from 2005 to 2009 the median apartment price has grown at an annualised rate of 7.1%.

MAP
Hospital/Medical HOSTPITAL/MEDICAL
CENTRE 		Sports Facilities SPORTS FACILITIES University UNIVERSITY School SCHOOL
Emergency Services EMERGENCY SERVICES Place of Worship PLACE OF WORSHIP Library/Museum LIBRARY/MUSEUM
Shopping Centre SHOPPING CENTRE Train Station TRAIN STATION Post Office POST OFFICE  
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