An off the plan Melbourne property is a popular choice for many home buyers and investors and for good reason. Discover the reasons why for yourself today.
Melbourne is the capital and most populous city in the state of Victoria and second most populous city in Australia. Spanning an urban area of 9,900km², Melbourne comprises the greater metropolis, whilst is also the common name for its metropolitan hub. Melbourne is a leading financial centre within Australia as well as the Asia-Pacific region, whilst it has been ranked as the World’s most liveable city since 2011 and among the top three since 2002 – according to the Economist Intelligence Unit.
Anyone looking to buy an off the plan Melbourne property
will be well and truly spoilt as the city is rated highly in the areas of education, entertainment, healthcare; research and development, tourism and of course it is a massive sporting city.
Melbourne is located on the natural bay of Port Phillip, with its City Centre situated at the northernmost point of the bay – near to the estuary of the Yarra River. The metropolitan area extends south from the City Centre, along the eastern and western shorelines of Port Phillip and expands into the hinterlands – toward the Dandenong and Macedon mountain ranges, Mornington Peninsula and Yarra Valley. The City Centre is located in the municipality known as the City of Melbourne, and the metropolis consists of a further 30 municipalities.
Melbourne has a population of 4.25 million people and is home to the fastest growing population among Australian capital cities. This demand is spurring growth in high rise off the plan Melbourne apartment developments. In fact, the population of Melbourne is expected to overtake Sydney’s population by 2056 as interstate migration in particular is on the rise.
Founded on 30 August 1835 by settlers from Launceston in Van Diemen's Land, it was incorporated as a Crown settlement in 1837. It was declared a city by Queen Victoria in 1847, before becoming the capital city of the newly created Colony of Victoria in 1851. During the Victorian gold rush of the 1850s, it was transformed into one of the world's largest and wealthiest cities.
An international centre for performing and visual arts, Melbourne is often referred to as Australia's cultural capital. It is the birthplace of Australian dance styles; the Melbourne Shuffle and New Vogue, the Australian film industry (including the world's first feature film), Australian impressionist art (known as the Heidelberg School), Australian Rules football, and the Australian television industry. In more recent years, it has been recognised as a UNESCO City of Literature and a major centre for street art. It is home to many of Australia's largest and oldest cultural institutions such as the Australian Centre for the Moving Image, the Melbourne Cricket Ground, Melbourne Museum; Melbourne Zoo, the National Gallery of Victoria and the UNESCO World Heritage-listed Royal Exhibition Building. Recently new developments have transformed the city with many off the plan Melbourne properties
You needn’t worry about transport options when buying an off the plan Melbourne property, as the city is very well connected. The main passenger airport serving the metropolis is Melbourne Airport, which is the second busiest in Australia, and the Port of Melbourne is Australia's busiest seaport for containerised and general cargo. The main metropolitan train terminus is Flinders Street Station, and the main regional train and coach terminus is Southern Cross Station. Melbourne is also home to the world's largest tram network which Melbournians love to travel by.
As of 2011, the most common ancestries in Greater Melbourne were English 21.1%, Australian 20.7%, Irish 6.9%; Scottish 5.7%, Italian 5.5% and Greek 5.0%. In terms of birth place, 63.3% of people were born in Australia; the most common countries of birth outside of Australia were England 3.4%, India 2.7%, China 2.3%; Italy 1.7% and New Zealand 1.7%.
Melbourne has a highly diversified economy with particular strengths in finance, manufacturing, research; IT, education, logistics; transportation and tourism. Melbourne is headquarters for many of Australia's largest corporations, including five of the ten largest in the country (based on revenue), and four of the largest six in the country (based on market capitalisation). These include ANZ, BHP Billiton (the world's largest mining company), the National Australia Bank and Telstra.
The city is home to Australia's largest and busiest seaport which handles more than $75 billion in trade every year and 39% of the nation's container trade. Melbourne Airport (Tullamarine) provides an entry point for national and international visitors, and is Australia's second busiest airport. The city is also home to a second airport at Avalon, which focuses on domestic flights. The city is seeing a lot of investment in off the plan Melbourne properties focussed around the CBD.
There is plenty to do when residing in this multi-cultural city. The most visited attractions are: Federation Square, Queen Victoria Market, Crown Casino; Southbank, Melbourne Zoo, Melbourne Aquarium; Docklands, National Gallery of Victoria, Melbourne Museum; Melbourne Observation Deck, Arts Centre Melbourne, the Melbourne Cricket Ground and more recently the tallest off the plan
type residential building the Eureka Tower.
Melbourne Property Types
As well as plenty of off the plan Melbourne properties making more of an appearance, which consist of mainly new apartments and are generally found within the inner-city areas comprising of high-rise apartments to boutique apartments, there are still many established homes and older residential housing and Victorian terraces that are dotted around the suburb and adding a sense to character to their neighbourhoods.
Many suburbs still hold on to their historical charm with many more off the plan Melbourne properties making use of warehouse conversions and concentrate on combining the old with the new to give a fresh appeal to cater for today’s modern style living. These types of properties are increasingly popular with local residents who want to live in a unique property with a twist.
Melbourne has a moderate oceanic climate and is well known for its changeable weather conditions. This is mainly due to Melbourne's location situated on the boundary of the very hot inland areas and the cold southern ocean. This temperature differential is most pronounced in the spring and summer months and can cause very strong cold fronts to form. These cold fronts can be responsible for all sorts of severe weather from gales to severe thunderstorms and hail, large temperature drops, and heavy rain.
It is often noted that Melbourne has very similar weather to England, so for anyone looking to live in a cooler climate that doesn’t mind the rain or cold too much, then buying an off the plan Melbourne property might appeal to you more.
Sports in Melbourne
As Melbourne is regarded as Australia’s sporting capital, you are bound to find a sport that you will enjoy. The city is lucky enough to host some of the world’s best international sporting events and includes the Formula 1 Australian Grand Prix as well as the Australian Open Tennis, whilst other local sporting events include Australian Rules Football (AFL) at the MCG, the annual Boxing Day Test cricket and of course the Melbourne Cup Carnival – the city’s and country’s most prestigious racing event.
World's Ultimate Sports City
International cultural centre
Fastest growing population in Australia with growing number of off the plan Melbourne apartment developments
Why buy off the plan Melbourne?
Rapidly rising population
Most liveable world city
Excellent education, healthcare and transport
Well designed apartments
Want to know more about Australia’s other capital cities? View our useful information on off the plan Sydney
and off the plan Brisbane