The support provided by Providence throughout the whole experience was far beyond expectations. If they hadn’t heard from me for a while they would ring and see if I had any questions or concerns. Providence’s commitment to their customers took away a lot of the stress that can be attributed to purchasing property.

Scott - Investor

Scott – Investor

North Melbourne

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2 bed, 1 bath, 1 car

Investment details

  • In a block of 106 units over 10 levels with a large internal space of 96 sqm.
  • The unit features high-quality inclusions such as Smeg stainless steel kitchen appliances, porcelain benchtops with powder-coated steel frames and aged bronze tapware and split airconditioning system.
  • This unit has show views of the Dandenong River or Smith St and the CBD.

Key Investment Drivers

  • 50 Meters to tram stop, 11 Minutes to CBD
  • Bus to CBD in 16 Minutes
  • Several Universities within walking distance
  • Walk to Royal Melbourne Hospital, Royal Children’s Hospital
  • Walk to North Melbourne Health care and research National
  • Employment Cluster
  • High probability of medical professionals as tenants
  • Suburb median individual household income 26% higher than Greater Melbourne, most are employed as professionals and managers
  • Victorian Government forecast suburb population increase of 58% from 2013 to 2031
  • Suburb registered one of the fastest rates of increase from 2014-15 of 8%
  • Rental growth of 6.6% p.a. over 10 years
  • Low vacancy of 1.9%
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