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More than any other building planned for The Malt District, Coppins Corner is in the ideal position to reflect a heritage influence. It will be the first building to anchor The Malt District
The interiors express a natural, raw industrial feel demonstrated in the exposed concrete ceilings, the colour palette and the use of stone and timber.
The distinctive balconies have been directed strategically for the best views over the city, the river and the MCG, across landscaped public spaces or out to the ranges. This is an exciting building in a unique and vital part of Melbourne.
North Melbourne is forecast to experience robust population growth, reflecting growing underlying demand for dwellings in the area.
The suburb's poulation is expected t increase from 16,000 in 2016 to over 28,000 in 2036.
Coppins Corner has a range of unique offerings to suit a variety of lifestyles from one bedroom apartments with innovative flexirooms to a number of small office/home office configurations known as SoHo’s.
The Coppins Corner SoHo’s will provide two and three bedroom apartments with retail or office space on the ground level for those who want to work where they live.
|Limited development||Cremorne has just 18% of total land zoned for residential. Of the residential land, 79% is zoned as Neighbourhood, meaning future development in the area will be restricted to developments that retain the existing character of the suburb.|
|Vacancy rates||Residential rental properties in Cremorne have low vacancy rates, sitting at 1.35% compared to Greater Melbourne with an average vacancy of 2.13%.|
|Median prices||Cremorne has seen strong price growth trends with housing prices increasing 41% in a 3 year period. Currently, apartments are 43.5% more affordable than houses in the area.|
|Household income||The Cremorne population are high earners with incomes from $2000- $5000per week being much higher represented than in Greater Melbourne.|
|Rental prices||Rental payments are high compared to Greater Melbourne with weekly rents from $350 highly represented. More than 40% are paying a weekly rent of at least $450.|
|Rental Market||At 45% Cremorne has a very high proportion of renters compared to Greater Melbourne’s 26.5%.|
|Population Growth||Cremorne and neighboring suburb Burnley’s population is anticipated to increase 80%, between 2017 and 2036.|
Please complete the expression of interest form and we will respond to your inquiry and answer any questions you may have.
This is not a contract for the sale and purchase of a property.
Completing this form does not commit you to purchase: this is an expression of interest form that allows the team at Real Estate Investar to contact you about this investment opportunity, answer any questions you may have and if you wish help you to select the unit that best meets your investment preference.