Luxury Inner-City Lifestyle Attracting Buyers in Melbourne CBD’s Western End
Luxury Inner-City Lifestyle Attracting Buyers in Melbourne CBD’s Western End
One of the most visually striking CBD mixed-use developments in Melbourne’s history, the now-complete West Side Place precinct redefines inner-city luxe living. The $2.4 billion development by Far East Consortium is a master-planned precinct, anchored by four soaring towers, covering a full city block on the corner of Spencer and Lonsdale streets.
Growth Location
The future-focused development is a groundbreaking addition to the western end of the CBD, which is experiencing a tourism increase of 153% since September 2021, In light of the recent news by a recent Market Outlook report by Urbis. A combination of rising population and overseas migration would see Melbourne’s apartment demand outstripping supply. The next five years will see new infrastructure and growing activity in the CBD’s west, with offices and major company headquarters set to bring further demand for local accommodation.
