Marrickville - new development mirvac

Discussion in 'Where to Buy' started by tangy, 12th Mar, 2017.

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  1. tangy

    tangy Well-Known Member

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    hi all

    I've always been eying on marrickville and I am really keen on the new marrick and co development on the old hospital site which just launched this weekend. Looks like Ike the point of difference (besides the price...) with this one is that the apartments would activate a lot of community space with a library and community hall.

    Would love to know everyone's thoughts on the area and growth? Especially ppl who live there. I know there r a few developments coming online in the area and surrounds. (Luna, ode..and two other private ones). The metro lines will help boost the area.

    My only worry is that I am not sure how much more prices can go up. 1 br starts from $615 with no parking and 2 bedrooms/1bth/1parking start from $905. I do trust in the Mirvac brand compared to other developers and I know some ppl will pay premium for the brand.

    Thanks all!!
     
    tangy, 12th Mar, 2017
    #1
  2. hammer

    hammer Well-Known Member

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    Do a search on here for OTP (it means off the plan). Go grab a cuppa, and settle in.

    Once you've read a few threads tell us if you think its still a good idea....
     
    hammer, 12th Mar, 2017
    #2
  3. Tattler

    Tattler Well-Known Member

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    If you are going to buy apartments, Mirvac is one of the better developers out there.

    I also went to the consultation with Mirvac on Marrick and Co. I think Marrickville is a great place for further gentrification. The design is quite good with the library

    However given restricted lending I have decided to look for another IP at Melbourne instead.
     
    Tattler, 12th Mar, 2017
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    Ross Forrester and tangy like this.
  4. tangy

    tangy Well-Known Member

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    Thank u for ur feedback, it does look like one of the better developments in the area- good luck with ur Melb ip
     
    tangy, 12th Mar, 2017
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  5. Depreciator

    Depreciator Well-Known Member

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    I can write as a Marrickville local. This development is a whole different level for the suburb. It's Mirvac in combination with two good architects: one for the library and community stuff, and one for the residential. The location of this development is very good.
    The price growth in Marrickville has been nuts, so who knows whether it has more growth in it short term. There will probably be a bit of a pull back. Long term, Marrickville will keep going.
    Scott
     
    Depreciator, 13th Mar, 2017
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    Ross Forrester and tangy like this.
  6. Cimbom

    Cimbom Well-Known Member

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    The 2 bedders seem overpriced. I'm pretty sure I've seen some 3 bedders sell for around that price (~950k or so).
     
    Cimbom, 13th Mar, 2017
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  7. Depreciator

    Depreciator Well-Known Member

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    Yep, they are certainly expensive. More expensive than anything ever offered locally. It will be interesting to see how the sales go.
     
    Depreciator, 13th Mar, 2017
    #7