Acclaimed metropolitan agency Melbourne Acquisitions has kicked off the new year with two significant development opportunities in some of Melbourne’s most sought after suburbs with the listing of permit approved sites in Tarneit and North Melbourne respectively.
Managing Director, Dominic Gibson, along with Sales Leasing and Acquisitions Director Steven Messina have listed lots 40 - 92, Turva Avenue Tarneit with endorsed plans for 53 townhouses.
Recently crowned Australia’s ‘best growth suburb under $550,000’ by the REA Group, Tarneit recorded annual growth of 18.3% for the year ending 2015, proving a popular destination for young families looking to capitalise on the prime locale, a recently completed Regional Rail Link and extensive development of school, road and community infrastructure.
The development itself sits opposite the newly built Tarneit Gardens shopping precinct and within immediate proximity to Tarneit Secondary College and host of local parks and reserves.
A median age of 29 years combined with a population consisting of almost 60% families proves a worthy recipe for developers seeking to realise their next opportunity.
Endorsed permits for 114 - 116 Haines Street, North Melbourne presents a symbolic opportunity for developers seeking a foothold in the bustling inner Melbourne marketplace.
Positioned on close to 500sqm of prime residential land opposite Gardiner Reserve and within walking distance to Arden Street, Haines Street presents as a 10 level development featuring 27 apartments boasting CBD views.
A gentrified, urbane and independent demographic with over 40% of residents working in professional industries proving a popular selling target market for prospective developers.
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