Medium density apartment complex in Docklands with park views. This complex was developed by a tier one developer Lendlease back in 2009. Docklands is known for being a modern harbour development dominated by high-rise building. Very close to the city. This apartment is suitable for down-sizers, a busy professional or young family. There is potential to add value via cosmetic renovation. Two positive aspects about the apartment are the fact that it is in a medium density building and has park views. We are buying similar apartments on a rate per square metre of $9,000 to $11,000 depending on tower, location and aspect. The top end of the advertised range for this property seems slightly above market. Certain pockets of the Melbourne market have pulled back and we are in a buyer's market. I would recommend an inspection and detailed due diligence.
David has worked as a property Investment adviser, property consultant, buyer agent & valuer to private clients, financial planners, accountants, finance brokers and various government entities since 1999. He has been involved in more than $1b worth of transactions across Victoria, New South Wales, South Australia, Western Australia & Queensland.