Apartment living appears to be well on the way to making itself at home in Wyndham.
A 10-storey building overlooking Wyndham Park and the Werribee River is the latest high-rise development to be put on the market.
The $47 million Edge One apartment block is selling 100 apartments with one, two and three bedrooms off the plan. They will set buyers back anywhere between $330,000 to $707,500.
The development is stage one of the overall RiverEdge development which also includes plans for a new 8300-square-metre Wyndham city community learning hub over five levels and another 200-plus apartments.
Burbank Group development general manager Neil Anderson said the new offering was “an ideal opportunity for young families, professionals and investors, as well as people looking to downsize or relocate to the west, who desire the convenience of a well-connected lifestyle”.
Over in Williams Landing, developers Cedar Woods has sold all 42 apartments from its third apartment block for the area, Lancaster.
Cedar Woods chief operating officer Patrick Archer says that the demand for medium-density living in Melbourne’s west could be partly attributed to booming population growth and changing lifestyle preferences.
“We can see that an apartment lifestyle is no longer limited to the Melbourne CBD and inner-city suburbs,” Mr Archer said.
“The success of all Williams Landing apartments so far demonstrates that this is the type of product buyers want.”
According to the Real Estate Institute of Victoria, the median price for an apartment in Wyndham has reached $440,000 – that’s up 25.6 per cent in the 12 months to March 31.
First-home buyer Ela Caglayan, 22, who recently purchased a two-bedroom apartment in Williams Landing, said apartment living was popular among her generation.
“I’m all about minimalist living, and an ease and comfort of living,” she said.
“So living in an apartment is so much more easier for me to maintain when I’m doing full-time uni and full-time work.”