Hi, I am looking for opinions on the current Collingwood\Fitzroy apartment market.
We keep hearing that Collingwood has a .7% vacancy rate and that you can't go wrong buying in the area, but with all these new high-rise devt's coming soon how much impact will this have on the market?
I have been considering a 1 bedroom off the plan near Smith st in a smaller "boutique"(under 20) development, so am after any opinions please!
Looking at the City of Yarra website I can see a lot of apartments on the way, but is this considered too many?...
Address Apartments
195 Wellington Street, Collingwood 84
Banco 132 – 172 Smith Street, Collingwood 238
Former Yorkshire Brewery site (1-21 Robert St, Collingwood) 350
9-17 Smith Street Fitzroy 45
37-45 Kerr Street & 46-52 Rose Street, Fitzroy 73
46-74 Stanley Street and 25-35 Napoleon Street, Collingwood 227
221 Kerr Street, Fitzroy 64
221 Moor Street and 250 Gore Street, Fitzroy 54
237 Smith Street, Fitzroy 28
247-259 Johnston Street, Abbotsford (17 storey redevelopment) 204
377-379 George Street Fitzroy 18
416-422 Smith Street, Collingwood 113
229 Smith Street Fitzroy 27
422 Brunswick Street, Fitzroy 25
62-70 Johnston Street, Fitzroy 53
288-298 Johnston Street, Abbotsford 44
Total : 1647
We keep hearing that Collingwood has a .7% vacancy rate and that you can't go wrong buying in the area, but with all these new high-rise devt's coming soon how much impact will this have on the market?
I have been considering a 1 bedroom off the plan near Smith st in a smaller "boutique"(under 20) development, so am after any opinions please!
Looking at the City of Yarra website I can see a lot of apartments on the way, but is this considered too many?...
Address Apartments
195 Wellington Street, Collingwood 84
Banco 132 – 172 Smith Street, Collingwood 238
Former Yorkshire Brewery site (1-21 Robert St, Collingwood) 350
9-17 Smith Street Fitzroy 45
37-45 Kerr Street & 46-52 Rose Street, Fitzroy 73
46-74 Stanley Street and 25-35 Napoleon Street, Collingwood 227
221 Kerr Street, Fitzroy 64
221 Moor Street and 250 Gore Street, Fitzroy 54
237 Smith Street, Fitzroy 28
247-259 Johnston Street, Abbotsford (17 storey redevelopment) 204
377-379 George Street Fitzroy 18
416-422 Smith Street, Collingwood 113
229 Smith Street Fitzroy 27
422 Brunswick Street, Fitzroy 25
62-70 Johnston Street, Fitzroy 53
288-298 Johnston Street, Abbotsford 44
Total : 1647