Young buyers jump in at Urban on Cambridge
It seems first homebuyers are keen to act sooner rather than later if recent apartment sales at Urban on Cambridge are anything to go by.
Developer QUBE reports a run of sales to young buyers getting onto the property ladder, with a number of purchasers doing so with the help of their parents.
Mark Hector, Managing Director at QUBE, says the mix of location, space and specification at Urban on Cambridge offers long-term investment potential that appeals to a variety of buyers.
“It is clear that many parents are keen to help their offspring into a well-located, good-quality apartment because they’re sensing we’re at, the bottom of the property cycle,” Mr Hector said.
“This means a first home may not be as affordable if they wait until the upswing gathers momentum. Also, the possibility of a new development in the centre of Wembley is unlikely in the short term.”
Downsizers and investors have also been quick to secure an apartment at Urban on Cambridge, where just 12 of the 69 apartments are still available.
Prices start at $499,000.
All but one of the remaining apartments are two-bedroom, two-bathroom apartments perfect for a range of buyers, including downsizers and investors looking to rent to young professionals who are sharing the cost of accommodation close to the city. The other remaining apartment has two-bedrooms and one bathroom.
“Apartments at Urban on Cambridge offer stylish, low-maintenance living close to both the city and the sea, making them especially popular with buyers already living in the area and enjoying its lively mix of cafes and shops,” Mr Hector said.
“You’re just minutes from the Perth CBD, and everything you could need is on the doorstep, whether it’s a café or restaurant, a doctor’s surgery, a sports club or a park. It’s a real illustration of how and where many people, of all ages, want to live.”
Features at Urban on Cambridge include up to 47sqm balconies, designer kitchens and bathrooms, and light, bright living areas. The development also includes ground-floor retail and commercial space.
For more information on Urban On Cambridge, please contact Richard Self on 0439 978 117 or visit www.urbanoncambridge.com.au.