The $150 million Mason Point project; a joint venture between Gibson Property Corporation (GPC) and Roche Property Group (RPG); is ideally located in the heart of the vibrant South Morang Activity Centre, adjoining the Westfield Shopping Centre and South Morang Train Station.
Mr. Charles Gibson, Director of GPC, said the Mason Point Release One apartments sold out in just 20 weeks to both local owner-occupiers and investors, proving that the amenities, location, transport and employment surrounding Mason Point place it squarely at the heart of Melbourne’s north.
“At GPC we strive to create ground-breaking new mixed-use developments on the city’s fringes to provide a variety of living products that cater for all buyers’ needs,” Mr Gibson said.
“All 64 residences are designed by award-winning architects Jackson Clements Burrows and feature an en suite and second bathroom, a contemporary colour scheme, generous built-in robes, Bosch appliances, stone bench tops in the kitchen and some also come with 10 sqm to 80 sqm balconies which are unprecedented for this type of development” Mr Gibson said.
The Housing Industry Association’s 2013 Population and Residential Building Hot spots annual report recently revealed the South Morang area as one of Victoria’s fastest growing postcodes.
Mr. Jamie Kay, Executive Director of Apartments at Oliver Hume Real Estate Group, said the HIA report found almost $420 million worth of residential building was approved in South Morang for the 2011-12 financial year to cater for a soaring annual population growth rate of 15.3%.
“South Morang is the second fastest growing suburb in Victoria and the sixth fastest in Australia with this trend underpinning significant residential demand from owner-occupiers and investors alike,” he said.
“Prices start from $323,000 and are designed to appeal to people looking for easy access to public transport, shopping and an alternative to the house and land packages,” he said.
Mr Kay said early demand at Mason Point has been driven by first homebuyers looking to establish a foothold on the property ladder, as well as local downsizers seeking a low maintenance lifestyle and easy access to the Westfield Plenty Valley shopping centre
Mason Point also offers homebuyers an enviable, convenient location and exciting lifestyle options. Natural reserves surround the apartments and town homes, Westfield Plenty Valley is only a short 200-metre stroll away and the South Morang train station is just 800 metres down the road.
“The development also offers easy access to nearby tertiary institutions, such as RMIT University and La Trobe University,” said Mr Kay.
Starting at $323,000, the two-bedroom, two-bathroom apartments (average size of 70sqm) include secure basement car parking and are outstanding value for money.
For those looking for a little extra living space, the contemporary, light-filled two-bedroom town homes average 103 sqm and come with one car park. Prices start at only $409,000.
Construction is expected to commence in March 2014, with completion set for 2015.
For further information, register your details for an exclusive appointment at masonpoint.com.au.
See Article at: http://www.thehomepage.com.au/news/mason-point-releases-new-release-apartments-and-townhouses/
