“Melbourne’s west already features considerable family homes, but we wanted to ensure the desires of all buyers are being catered to in Williams Landing” Patrick Archer, development director for Cedar Woods told the Australian Financial Review.
The majority of the 57 apartments in the new development, Newton Apartments, will be two-bedroom units larger than the typical inner-city apartment and priced well below the expected house and land package benchmark of the area.
A lack of affordable options, significant rise in urban population and the acceptance of apartment living are arguably key contributors behind a surge of suburban apartment projects.
State metropolitan planning authorities are pushing for better diversity of housing types in fringe suburbs, such as Williams Landing, in response to this.
“We don’t think these apartments at Williams landing are that far out, so it’s not a big leap of faith. It’s a 300-metre walk to the train station and a 28-minute train ride into the city,” Archer told the AFR.
The full article can be found in the Australian Financial Review, Wednesday 4 November 2015.