Brunswick Blog

NOW SELLING, OPAL TOWNHOUSES, PASCOE VALE'S LATEST GEM!

Our Managing Director, Mario Elezovic knows real estate and has been working in property in Melbourne’s northern suburbs for 30 years. He is passionate about what the area has to offer especially the value in Pascoe Vale.

Mario’s enthusiasm for the area was a main driver for Adepto Co choosing Mario and his team at Raine & Horne to sell their latest development OPAL in Pascoe Vale.

 

Like a hidden gem Pascoe Vale is an unassuming suburb that locals love. For now (but not for too long) it is still affordable. Its 4.9 square kilometres is home to just under 15,000 people. This month Raine and Horne launched a new townhouse development in Pascoe Vale for Adepto Co called Opal.

In our first week pre-launch we sold 10 of the 18 Opal townhouses and here’s why…

 

The Opal Townhouses, located on Heath Street offer buyers unsurpassed convenience. Looking at the 3km radius neighboring Opal on a map you’ll instantly see how well connected it is to the city, transport hubs, retail, parks and amenities.

It’s an easy 10 kilometres north from the CBD.It has City Link – connecting to the Tullamarine and Calder freeways – on its southern edge and the Western Ring Road just up Pascoe Vale Road. As 20 year resident Marianne Granato said, “Pascoe Vale is one of the few suburbs in Melbourne that can access every major freeway in 10 minutes or less.”

Public transport is easily accessible too, with train services running from Pascoe Vale station only a short stroll away from Opal's doorstep. Families, dog-lovers and those who like to keep fit will take a special liking to this location for its abundance of lush parks, gardens and walking trails such as Austin Reserve, Cole Reserve, Kelvin Thomson Reserve and Gavin Park.

Pascoe Vale is no longer known as a ‘suburb to watch’ but has now gained a reputation as a highly desirable place to live.  Having experienced a huge gentrification period, top eateries and trendy cafes continue to pop up.

The influx of developments in the area has attracted many families, couples and young working professionals alike, however, even more important to note is we are seeing established home buyers moving into this green wedge for their subsequent property purchases. These people are breathing new life throughout the suburb and consequently we’re witnessing an ongoing explosion of price growth in this sector of the market. For instance, in 2016 according to Realestate.com.au the median house price jumped from $460,000 to $760,000, that’s a remarkable 8% growth per year!

The spacious and architecturally designed Opal Townhouses are almost directly competing in price with other multi-residential apartment blocks and established older townhouses in the area, of which cannot compare to Opals boutique design. Selling for 635-670k, it’s not hard to see why we are excited with such a great opportunity that is selling fast. 

If you’re an investor your 2 bedroom townhouse is anticipated to receive $500-$550 in rent and the 3 bedrooms $650 per week.

Whether you’re a first time buyer, investor or subsequent property buyer, you will love this area. Opal has all the ingredients to make a home that offers every desired convenience literally at your fingertips. This is why these townhouses are flying out the door.

For all the details register your interest on the Opal website: http://bit.ly/OpalTheGemOfPascoeVale or contact our Managing Director, Mario directly on 0411 750 111 or via email [email protected] 

 

 

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