There’s an upcoming project in inner city Melbourne. It will be located on 17-21 Harcourts Parade, Cremorne; a suburb 2km SE of Melbourne CBD. Located by the riverside, this 11-level building boasts 182 apartments with both river and CBD aspects. It also has extensive podium facilities consisting of a gym, recreational garden and also a theatre. Secure undercover car parks and storage are available for residents and there’s an additional benefit of a live-in building manager for ease of maintenance.

If you look the site for the development, you will find the units facing the river to be just in front of a 4-lane freeway. Yes, that’s monash freeway(M1) and to add to that ‘congestion’, there’s the Harcourts parade lane, making it 5 lanes in front of the development.

But all’s not that bad. I learnt that the developers are building winter gardens for all the balconies for units facing the river/freeway. In case, you haven’t heard of winter gardens (like myself), it’s a balcony with glass to the top of the ceiling and double glazed. That provides the first level of sound attenuation. The entrance to the balcony from the living areas will have glass doors that are double-glazed as well. So imagine yourself, sitting in the living room, watching television or listening to Norah Jones after a days’ work. All you could hear is the music and the 2-level of sound attenuation will virtually block out 99% of the noise.

Last year, I stayed in my business partner’s apartment at 80 Lorimer Street (one of the developments by Mirvac). The bedroom I was putting up faced a 8-lane freeway (west gate freeway) and there wasn’t any barriers in between. So the room was exposed to the high traffic flow during peak hours. The irony was that it was so quiet with the double-glazed windows that there was hardly any noise. And for your information, the apartment was on the 11th floor!

Overseas buyers will be limited to only a small percentage of the buyers due to banks’ lending policies now. The indicative prices* are as such:
1-bedroom from $385,000*
2-bedroom from $490,000*
2 bedroom plus study from $750,000* onwards

This development would be ideal for investors as their 2nd or 3rd investment property as it’s off-the-plan. More details will be posted once I have them. To indicate your interest, just indicate your name, tel and email me at info @ pagreal.com(without spaces).