Hamton

Hamton Property Group has reported record sales rates at three of its current selling boutique apartment projects.

Defying reports of a stunted property market, Hamton has been overwhelmed by demand at ‘The Rathdowne’ which has already sold more than 80 per cent of apartments in just three weeks.

Selling 12 of 15 apartments before officially taking the project to market, The Rathdowne is located at 125-139 Rathdowne Street, Carlton and comprises luxury apartments ranging in price from $435,000 to $1.5million.

The final stage of the project has now been released with the final three ‘Balcony Apartments’ now selling and located in the heritage portion of the development and overlooking the gardens and World Heritage Listed Royal Exhibition Building and Fitzroy Gardens.

Further sales success has been reported at the group’s ‘Malverngrove’ (mgv) project located on Elizabeth Street in Malvern, recording a 51 per cent sales rate of its 67 apartments in just four months.

Furthermore, Hamton’s ‘Abito’ project located on Victoria Street in Fitzroy has just X apartments remaining of its 36.

At The Rathdowne, Hamton have reported that some purchasers have bought in multiples to consolidate single apartments into larger three bedroom homes. The redevelopment has been designed by well known Melbourne architects, SJB and features four levels while each dwelling averages approximately 90sqm in size.

The stunning, 99 year-old building is located directly opposite the world heritage listed Royal Melbourne Exhibition Building and was Melbourne University Chancellor - Sir Redmond Barry’s residence from 1813-1880.

Hamton Joint Managing Director, Steve Buxton, said the group is excited by its recent sales success at its three major current projects and said much of the success could be contributed to the Hamton team’s dedication to thorough planning research and providing superior quality product in undersupplied locations.

“ We also anticipated strong sales at The Rathdowne, due to the great location and heritage value of the site but certainly had not expected such overwhelming sales in less than a month.

“ Sales rates such these (at the three projects) go to show that the Melbourne market is still as discerning as ever and a undersupply of quality, well designed boutique style apartments is evident in the inner to 10km radius of Melbourne.

“ There is very little stock on the inner ring that can compete with these boutique, well designed offerings, quality stock in great sought after locations that deliver what buyers demand,” Mr Buxton said

“ Having come from a long line of Melbourne developers with my family responsible for some of Melbourne’s iconic development projects, I appreciate the importance of developing projects that will not only stand the test of time, but also help shape the city’s future.”

For sales enquiries please contact:  1300HAMTON or visit www.hamton.com.au