Buyers could save up to $73,000* on a brand new home at West Melbourne's Parkhill thanks to developer Central Equity matching the government grants
Owner-occupiers can stand to save up to $73,000 in the Parkhill apartment development in West Melbourne.
The project developer Central Equity are matching the VIC government's $15,000 HomeBuilder grant to save Parkhill buyers $30,000.
That, combined with the potential to save up to $43,000 in stamp duty for owner-occupiers, totals $73,000 of savings.
Investors will benefit from the $24,500 in stamp duty concessions, and Central Equity are offering a rental guarantee for investor purchasers.
One bedroom apartments in the block start from $479,000, or closer to $400,000 for owner-occupiers after the savings boost.
Two bedroom apartments start from $619,000, up to $819,000 when including an extra bathroom and a parking space.
The apartments, many spanning more than 70 sqm, have been designed by Central Equity's inhouse design team. They all have up to 2.7 metre high ceilings, a gourmet kitchen with stone benchtops and Miele appliances and bathrooms with German tapware.
The development has a 6.5 star energy rating, with apartments fitted with double glazed windows.
Residents in the building will have access to a seven day concierge, a rooftop gym and a rooftop garden, complete with barbecues and outdoor seating.