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VOGUE - South Yarra

19 October, 2009 (10:11) | Demographics, Opinion - Property | By: kslow

Vogue South Yarra apartments are positioned at the heart of Chapel Street, Melbourne’s
most stylish shopping, dining and entertainment precinct. VOGUE, a mixed-use development made up of both splendid shopping and residential apartments above it is set to be one of the most iconic tower in the prestigious suburb of South Yarra.
Map of VOGUE
South Yarra needs no introduction. Chapel street is analogus to Orchard rd of Singapore with desirable lifestyle options. It’s a place where most of the young, high-income earners yearn to live in.

From an investment perspective, gross rental yield should be slightly higher than 5% for selected units(with carpark) and according to homepriceguide, the median price of units has grown by 7% between March 2009 and September 2009 and currently the median price of units in the suburb is $442,000.

Property managers have reported that units take roughly 3-6 days to be tenanted the moment an application is received from a prospective tenant, hence the vacancy period of units in this are is reduced dramatically.

Full specifications and cashflow analysis can be produced upon request. We don’t think the entire development suits investors but at least of handful of the units would do well from an investment perspective. Just drop me an email and we will take it off from there.

Have a awesome week ahead!


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