Melbourne’s premium eastern suburbs continue to enjoy unprecedented levels of demand from developers seeking opportunities.
Melbourne’s premium eastern suburbs continue to enjoy unprecedented levels of demand from developers seeking opportunities.
Savills Australia’s Jesse Radisich, Nick Peden and Benson Zhou secured a deal for 116 Walpole Street, Kew, saying significant interest was shown with more than 116 parties reviewing the development opportunity.
“Blue-chip suburbs such as Kew are very resilient and there is always a high level of demand for development opportunities in these areas,” Mr Radisich said.
Sold to a local developer for $3.3 million, the approved project will comprise of three townhouses with a basement, representing a rate of $1.1 million per unit.