Full Description

Only 2% needed with a Deposit Alternative Bond !!

After the huge success of stage 1 release at Travancore on the Park, we are excited to present the second and final stage of the development named Sienna Apartments. The unique style of inner city living in such a magnificent parkland setting is a fantastic point of difference for discerning buyers and investors.

Sienna apartments are priced exceptionally well for two bedroom apartments with a car-park priced from $372,500AUD (£180,000). This is outstanding value for a two bedroom apartment and we are very confident that there will be price increases coming soon. Great opportunity to get in at the very initial stage of release, cherry pick the best apartment and achieve some good capital growth by the time of completion, which isn't until late 2010.

This investment opportunity has it all, a superb location - only 4kms to Melbourne CBD; fabulous parkland & piazza setting ensuring it is a place where people want to live; excellent transport options - trams & trains within 200m from your door; superior quality of finishes and super low price-points.

Pay Nothing Until late 2010!

You can secure a property today with only a 10% deposit; however a key opportunity for our UK, US, Australian and New Zealand investors is securing an apartment with a Deposit Bond instead. This method allows clients to invest in an off the plan development, locking in today's prices and paying no deposit until settlement of the property (in this case late 2010). It allows clients to free up their monies that would have otherwise been used as a cash deposit. Please read below for more information on Deposit Bond investing.....

The Perfect Location for High Returns!

Sienna Apartments is situated in one of Melbourne's premier established suburbs. The location is highly sought after, historically showing substantial capital growth. The current vacancy rate up to 4km from the CBD is at an astonishingly low 0.3%. The area enjoys high rental occupancy levels with quality tenants. There is a particularly large pool of tenants available in Melbourne and this ensures that rental demand stays strong and occupancy levels remain high.

Both strong population and immigration growth are anticipated to produce significant supply shortages for property of this type over the next 5 years. It is expected that there will be continued downward pressure on vacancy rates, which should manifest in strong rental increases, adding to overall returns to property owners.

Save Thousands on Stamp Duty!

You have the ability to save thousands on stamp duty fees when purchasing early in off plan developments in Melbourne. Victoria is the only state in Australia which offers this enormous benefit! As Sienna Apartments are strictly off plan you could reduce the stamp duty payable by $18,000 - $28,000AUD. This is a massive reduction in your total purchasing costs.

A Luxurious Lifestyle!

Each apartment features quality appliances, stone bench tops, a laundry area, split-system air-conditioning, built-in wardrobes, audio-visual intercom system and is fully wired for high-speed broadband and Pay-TV. Sienna is designed with the environment in mind; domestic hot water is centralized, gas boosted and solar powered to conserve energy.

Free Mountain Bike!

Sienna Apartments will offer its residents a little extra ‘me' time. Time to be surrounded by luxurious comfort, time to enjoy the parkland environment and time to explore the vibrant diversity at your doorstep. With this in mind, every apartment owner will receive a mountain bike courtesy of the developer, to enrich their lifestyle whilst doing that little extra for the environment.

Without exaggeration, we expect these apartments will sell very quickly and urge you to let us know if you are interested as soon as possible, to avoid disappointment.

Price Range:

$372,500 - $580,000AUD
(£180,000 - £280,000)

Purchase price is in Australian dollars. All other currencies stated above are a guide for your convenience and are subject to exchange rates

Weekly Rentals:

$370 - $530AUD

Key Investment Features of Sienna Apartments:

• Very modern & luxurious, 2 bedroom + study apartments
• Pay nothing until late 2010 with Deposit Bond investing option
• Minimal cash outlay with very good capital growth potential
• Free mountain bike with purchase!
• Convenient location in vibrant community - only 4km from Central Melbourne
• Strong rental market - less than 1% vacancy rate
• Fantastic public transport options right on your doorstep
• Kitchen includes European appliances, stone bench tops & glass splash backs
• Split system air conditioning
• Full security car park and lifts
• Cabling for broadband and pay-TV
• Terraces overlooking parklands
• Artistic sculpture and landscaped piazza
• Onsite cafes and trattorias

Why you should invest in Melbourne

• Capital growth in Travancore region has increased on average 13%pa over the past 17 years
• Melbourne rents have increased by a whopping 12.7% in the last 12 months
• Record low rental vacancy rate at approximately 1%
• Melbourne is experiencing huge population growth, approx 1000 new residents a week Strong capital growth predicted due to growing demand and lack of supply
• Melbourne apartment values increased by approx.18.3 per cent last year
• Robust state economy
• The only city in Australia to offer stamp duty savings by purchasing Off the Plan - saving thousands of dollars

Melbourne is a place of great presence and beauty, enjoying a striking cityscape of fine 19th century buildings, gardens and boulevards, and state-of-the-art architecture. Recognised as the cultural hub of Australia, Melbourne offers a sophisticated arts scene, the country's best shopping, and a lively passion for eating and entertaining. Situated approximately 4 kilometres to the North of Melbourne's central business district (CBD), the suburb of Travancore is characterised by a mix of residential, retail, commercial uses. This location has fantastic accessibility to public transport, shopping, education, leisure activities and entertainment.

Deposit Bond Investing!

By using a Deposit Bond instead of cash, there is no need for you to withdraw the cash required from other investments or out of equity in other property assets to secure an off plan property purchase. Rather than paying the deposit amount required in cash, you only pay a small premium for the Deposit Bond, which the seller or developer accepts in lieu of cash.

When you use a Deposit Bond you satisfy the vendor's deposit requirements by the issue of what is essentially a deposit guarantee. Deposit Bonds can be issued from 3 months to as long as 4 years, which means you can keep your money working for you right up until closing, when you will be required to pay the property's full purchase price.