openPR Logo
Press release

Melbourne Property Investors Embrace Docklands Serviced Apartments

12-01-2010 09:43 AM CET | Industry, Real Estate & Construction

Press release from: Onyx

Innovative serviced apartment offering is attracting the attention of property investors in Melbourne's booming Docklands precinct

Innovative serviced apartment offering is attracting the attention of property investors in Melbourne's booming Docklands precinct

A host of new opportunities are opening up for investors in Melbourne’s booming Docklands precinct, property investment services company Onyx announced today. In particular, serviced apartments are proving to be a particularly strong investment choice for investors wanting a better return on investment than is available from traditional residential properties. Serviced apartments can deliver a return that is 2-4% higher than that available from other property investment models.
Current serviced apartment offerings are being particularly well received by the Melbourne property investment community because they overcome a number of the perceived shortcomings of this type of investment, such as vacancy risk or potential resale problems. This is due to developers offering guaranteed returns on investments, and new properties becoming available which are closer in size to normal residential apartments, enhancing their resale value.
‘What we are witnessing is really a maturing of the whole Docklands precinct and development process,’ said Onyx Managing Director Paul Thewlis. ‘There are now many long-term, well established corporate tenants in the Docklands, such as NAB or the ATO. There are also several companies that have considerable experience in managing serviced apartments. These two factors have come together so that now developers are confident to offer investors guaranteed returns on their investments.’
Developers such as Life.lab @ Digital Harbour are even improving on this security by building flexibility into their packages as well. ‘In many cases there is now the opportunity for the investor to occupy the apartment at any time. If you look at the traditional model of serviced apartments, this is something that wouldn’t have been around even 5 or 6 years ago. It’s exciting to see such innovative proposals coming onto the market, and it only means good news for investors,’ commented Mr Thewlis.
The Docklands is seen as a particularly good area for serviced apartment investment due to its large number of high profile corporate tenants. ‘The combination of business travelers and career focused individuals who are looking for streamlined simplicity in their private lives means there is a steady supply of high quality tenants for serviced apartments in the Docklands,’ added Mr Thewlis.
A recent poll published in the Docklands News surveyed Docklands residents and found that on the whole, residents were welcoming of serviced apartments in their neighbourhood.
Given that the Docklands is Australia’s fastest growing precinct, it’s definitely a good idea for smart investors to keep an eye on the serviced apartment trend.

Onyx is a property investment services company that assists clients in creating wealth through property investment. Onyx sources property opportunities and arranges mortgage finance and conveyancing. The Onyx team is well respected in the property investor community for providing insightful advice and quality service with great integrity.

Contact: Paul Thewlis
Onyx
Suite 1
1463 Malvern Rd
Glen Iris
Victoria 3144
Australia
Ph: 1300 1400 15
Email: media@onyx.net.au
Website: http://onyx.net.au

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Melbourne Property Investors Embrace Docklands Serviced Apartments here

News-ID: 153776 • Views:

More Releases from Onyx

Rent Hike to Drive Demand for NRAS Property
Rental price increases of up to 7% are anticipated for Australia’s residential property market and are likely to increase demand for National Rental Affordability Scheme (NRAS) properties from both tenants and investors. Independent market analyst RP Data recently predicted increasing rent prices for the coming year. Rents in Australian capital cities increased by 1.4 per cent during the last three months of 2010 and rose by 4.2 per cent during
Savvy Homeowners Can Beat the Rate Rise with Fixed Rate Loans
Melbourne 18.10.2010 Current and prospective mortgage holders who act fast have an opportunity to avoid impending interest rate rises by locking in a 6.73% fixed rate home loan for the next twelve months, property services and mortgage management company Onyx announced today. This fixed rate is 0.26%-0.46% below the fixed rate advertised by the major banks. Finance industry analysts are tipping an interest rate rise to occur in the next few

More Releases for Docklands

Yarra River Boat Hire Now Easier Than Ever with Boat 4 Hire's Premier Self-Drive …
Boat 4 Hire offers self-drive, license-free boat rentals on Melbourne's Yarra River, perfect for leisure and private events. Known for convenience, safety, and top service, it's a go-to choice for party boat hire and memorable river experiences. Melbourne, VIC - Boat 4 Hire [http://www.boat4hire.com.au] is transforming the recreational boating experience with its hassle-free, self-drive boat hire services, offering residents and visitors the opportunity to explore Melbourne's iconic waterways like never before.
Boat Hire Melbourne: Yarra River Boat hire, Party Boats, Self-Drive boat hire, a …
Boat 4 Hire stands out as Melbourne's premier provider of boat hire services, offering flexible and license-free access to the Yarra River and beyond. Whether seeking a serene cruise, a lively celebration, or a peaceful fishing day, customers can rely on Boat 4 Hire for safe, well-maintained, and user-friendly vessels. With its strategic Docklands location, experienced team, and range of services, Boat 4 Hire is reshaping how Melburnians and visitors
Virtual Production Studio - Market: Size, Share, Growth, Analysis, Key Players, …
Virtual Production Studio - Market Size The global market for Virtual Production Studio was estimated to be worth US$ 1840 million in 2023 and is forecast to a readjusted size of US$ 3804 million by 2030 with a CAGR of 10.2% during the forecast period 2024-2030 View sample report https://reports.valuates.com/request/sample/QYRE-Auto-20S18549/Virtual_Production_Studio_Global_Market_Share_and_Ranking_Overall_Sales_and_Demand_Forecast_2024_2030 Virtual Production Studio - Market North American market for Virtual Production Studio was valued at $ million in 2023 and will reach $ million by
Essex Coaching Firm Honored at London Business Gala
East London Chamber of Commerce & Docklands Business Club Recognises inemmo Business Coaching & ISO Consulting East Wintergarden, London, UK- November 7, 2011 – World-class business coaching firm inemmo Business Coaching &Consulting was recently selected by East London Chamber of Commerce & Docklands Business Club as Highly Commended Finalists in the Customer Focus category. Joy Maitland, founder of inemmo Business Coaching & Consulting, received the award during the 2011 Docklands Business
Online Company Chances: Top Rated Internet Business WSI, Offering Master Franchi …
-WSI, Achievement Wealth and Independence - Master Franchise Possibilities are sought overseas- February 14, 2011….WSI has encountered tremendous international development recently, and the digital business is now taking applications for their Master Franchise Opportunity, particularly in the UK, France, Germany, Belgium, Netherlands, Scandinavia, Sweden, Finland, Switzerland and Ireland. In February, during the Master Franchise Investment Conference in London, WSI is going to be supplying free of charge seminars to
Less British capital for German properties
As Colliers Trombello Kölbel Immobilienconsulting GmbH heard in discussions at MIPIM with British investors, they will concentrate more this year on their capital city. The situation in the London property market is providing them with new opportunities. Vacancy during the last year has dropped considerably: by 6.5% in the city of London, by 4.3% in the West End and by 4.1% on Docklands. The vacancy rate has thus reached its