Melbourne’s inner city suburb Windsor is proving a popular choice for buyers with new apartment sales meeting high demand at Ravida Group’s apartment development ‘Windsor Life’.
Launched during December, Windsor Life is already nearly 50 percent sold, with 19 of its 40 apartments quickly snapped up. First home buyers have been the quickest to respond.
Ravida managing director, Don Ravida, said the sales success to date appears to be a response from first time buyers to the inner city location, quality and affordability of the project, as well as the opportunity to utilise up to $26,000 in state and federal First Home Buyers Grants.
Easing a much needed shortage of affordable inner suburban housing, Ravida’s Windsor Life apartments are priced from as low as $295,000.
A joint venture between the Ravida Group and Perth based firm Market Development, the $16.5million development is located on Dandenong Road between Williams Road and Chapel Street.
The living options on offer include studio apartments as well as one and two bedroom apartments, each designed to maximise space. All include a car park.
Designed by renowned Australian firm Hayball, the four story development, plus basement car park, has been designed with quality and affordability in mind, and produced to the quality finish expected by the Ravida Group.
Mr Ravida said the success of the project in its early stages is not only a testament to the quality of the apartments on offer, but also affordability and location of Windsor Life.
“The majority of purchasers to date have been first home buyers which is an example of the government’s incentive at work – first home buyers are taking advantage of the opportunity to purchase affordable apartments located so close to Melbourne’s CBD. Buyers are responding to a shortage in the market for affordable apartment projects like Windsor Life – it is an ideal time to buy. By joining hands with Perth based Market Development, we have facilitated the construction and management of this project on the ground in Melbourne – Melbourne needs developments like this to supply quality, affordable and convenient housing. Buyers will have access to public transport, shops, cafés, and restaurants as well as all the conveniences of nearby Chapel Street, Prahran market and St Kilda. Windsor Life offers buyers a lifestyle,” Mr Ravida said.
A contemporary design with striking features and an ideal first home, Windsor Life is located at 233 Dandenong Road Windsor.