Hello and welcome to another edition of our Client for Life newsletter.
It’s been an amazing week here at Solid. Two years ago we were recommending Geox, Brunswick as an affordable investment to our clients.
This week the development is settling and it is by far one of the best developments we have been involved with. It is what I like to refer to as a ‘bread and butter’ opportunity.
So why has this development been such a roaring success?
It is mostly due to the value proposition of the finished product. Our clients, who paid $509,000 for a 2 bedroom apartment in Geox, are seeing finishes equivalent to those we see in apartments worth $650,000 in South Yarra. The rents we are achieving are higher than what we forecasted two years ago.
The developer, Blue Earth Group,along with MAP Architecture & Design are leading organisations that we work with on many developments that we recommend. I accompanied our clients for their pre-settlement inspections over the weekend and was truly impressed by the overall finishes. It no surprise that last year Blue Earth Group won the Urban Development Institute of Australia’s (UDIA) Urban Renewal Award.
Aligning with award winning developers for affordable investments provides our clients with the best returns possible.
We are currently recommending other Blue Earth Group projects, Mink and Gill Apartments, both in Essendon North. Please contact me if you would like further information on these promising developments.