Linc – 11 Russell Street Essendon, Melbourne VIC 3040

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Property ID : 12596

For Sale $389,000 - Apartment
58 sqm 1 Bedroom 1 Bathroom 1 Garage  Add to Favorites Print

Essendon LINC apartments are ushering in a new era of residential luxury in Melbourne’s northern suburbs without the luxury price tag.

 This is the last opportunity  to save thousands of dollars in Stamp Duty before the 30th June 2017 (read more below)

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LINC – Essendon

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Walkscore

90

Source: www.walkscore.com.au

 

Completion Expected Late 2018

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Project Description

LINC apartments place residents in a truly enviable position for a modern, connected lifestyle boasting an amazing selection of nearby cafés and restaurants, expansive parklands and open green space, a delicate balance between urban and natural environments, a rich multicultural community, located less than 15 minutes from the Melbourne CBD. While the average house price is in the millions, LINC luxury apartments in Essendon promise affordability and lifestyle in one neat package.

LINC apartments feature shell and stone in a two tone design. Every fixture and appointment is quality. It features stainless steel appliances by Bosch and chrome tapware, porcelain tiles and silver mirror splashbacks.  Making the apartments as easy to maintain as they are handsome.

Enticing natural light and open plan design make for spacious apartment living and inspired architecture of quality construction makes Linc the ultimate in contemporary Essendon apartments. It includes designer 1, 2 & 3 bedroom apartments spread over 9 levels in the heart of Essendon. Now selling from $369,000 with carpark and storage.

The open plan nature of the apartment designs maximises space, a feeling that is further emphasised through the abundant natural light that floods in through the floor to ceiling windows. You can chose from two Colour Schemes: Shell or Stone with the highest quality fixtures and fittings. Linc will feature three separate & spectacular garden areas for residents to gather and enjoy the outdoors, all composed by award winning landscape designer Jack Merlo.

 

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Stylish Living in the Heart of Essendon

 

 

LINC teens

 

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Essendon has grown from strength to strength in recent years, shaking off the blue collar roots to blossom into a sought after area for professional and family alike. Positioned 8 kilometres from the CBD, commuting to and from Essendon is a breeze via the Citylink tollway and bus and train services.

The suburb has benefited from infrastructure overhaul. The hospital, the airport and job creation within the area have all had significant investment in recent years. Schools of both the private and public kind are of the highest quality.

Located less than 15 minutes or 8km from the Melbourne CBD, LINC places residents in a truly enviable position for a modern, connected lifestyle. Melbourne has also received the title of ‘World’s Most Liveable City’ for the sixth year in a row – defeating 139 other global cities to top The Economist Intelligence Unit’s Global Liveability Index. Melbourne’s attractive environment and culture, together with strong healthcare, education and infrastructure services contribute to this accolade.

The best of Essendon village is on your doorstep, while vibrant neighbourhoods like Moonee Ponds and Brunswick are only slightly further afield.

Inspired by an amazingly connected location, LINC is a vibrant collection of designer apartments that are redefining stylish, convenient living in the heart of Essendon. LINC has been thoughtfully designed to build upon the tradition of premium residential living that has long been associated with Essendon.

The architects have seamlessly combined brickwork with bold modern lines and gleaming expanses of glass to deliver a collection of apartments that feel deeply connected to their environment.

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About this Location

”Gentrification is rejuvenating Essendon into prime real estate for the investor and owner alike”

Ask agents what lures property hunters most today – young families mainly – and they will unanimously chorus “schools, schools, schools” primary and secondary, public and private, including Penleigh and Essendon Grammar, Lowther Hall and St Columba’s College.

Schools drive the property market over and above anything else. Often, schools dictate which streets are most sought after. LINC on Russell Street is nestled amongst the most sought after schools precinct in Melbourne.

Character abounds in Essendon. It’s not a suburb where any old development will do. The suburb boasts heritage from the Victorian, Edwardian and Federation era that is well preserved. New LINC architecturally designed Essendon apartments have to match the style and sophistication of the area to do well.

The project is conveniently located on Russell Street, Linc Apartments sit gazing at the Melbourne skyline with expressive yet unobtrusive architecture. Very few Essendon apartments for sale can claim not one but three sumptuous outdoors spaces. Linc features a sun-soaked courtyard on level one, a rooftop Teppanyaki Garden and a separate outdoor BBQ entertaining area.

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 WalkscoreLINC has a Walkability Score of 90 out of 100. This location is a Walker’s Paradise so daily errands do not require a car. 

With today’s new focus on green living, urban efficiency, and simplification, a property Walk Score is important to consider.

Why is the Walk Score for renters and buyers so important? Consider the following…

• Walkability and public transit are associated with higher property values
• Transportation costs are the 2nd largest household expense
• Commute time and places to walk are two of the most important criteria for tenants and property buyers 
• A home’s location (location efficiency) is often more important than the building’s energy efficiency 

Properties proximity to employment, transport and infrastructure do experience higher demand and growth

Take a Virtual Tour

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See the stunning scenery and design quality of living in a newly proposed LINC apartment in a 3D interior perspective. You can zoom in and out and enter every room in the apartment. 

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The apartments at Linc are available in a luxurious range of floor plans and configurations, but all share a similar dedication to crafting versatile and contemporary spaces. The open plan nature of the design maximises space, a feeling that is further emphasised through the abundant natural light that floods in through the floor to ceiling windows. Each apartment is available in two colour schemes, Shell and Stone. The fixtures and finishes included are of the highest quality, further reinforcing the attention to detail present throughout.

 

Linc will offer a selection of apartments that have been designed and

crafted by a talented project team with a proven track record

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Essendon is a wonderful suburb, full of things to do  

It’s a great place to reinvent your life after kids or when you retire.
Discover fine dining with a twist when you choose the Italian, Mediterranean and Spanish fusion that is Omni. Meet the national steak specialists, Squire’s Loft. And discover what it is to experience Japanese cuisine and Sushi in a premier setting such as Tookaiya.
If you love a wine with your social outings, you can find 150 of the best at the Essendon Wine Bar. Or pop down to neighbouring Brunswick to indulge beer geekery at the Ale House Project.
If nature and exercise is your pleasure, the enticing Queen’s Park at Moonee Ponds are just down the road.

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Supply and demand in Essendon

The level of competition in a suburb can affect prices and availability.

Supply and demand in Essendon

Supply and Demand data from 01 Mar 2016 – 28 Feb 2017

Demand is calculated as the average number of visits per listing per month over the last 12 months to realestate.com.au/buy that include at least one property details page view in Essendon, VIC 3040. Supply is calculated as the average number of property listings per month that have been viewed at least once that month on realestate.com.au/buy in Essendon, VIC 3040 over the last 12 months.

 The level of demand for individual listings varies. The data above shows the average for the suburb. realestate.com.au makes no claim about the statistical significance nor accuracy of the data. Please note: This information is based on realestate.com.au data. The purpose is to give buyers and sellers an indication of interest in properties in the suburb, based on that data. It is not a definitive representation of market supply and demand.

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People lifestyle homes

 Big, grand and green lush with a riverside vista, broad boulevards and leafy streets dappled with gorgeous historical homes, Essendon’s one stylish enclave  – Essendon’s a treat to unwrap.

Essendon’s amazing period homes are still the pride of their original owners, older folks who keep the spirit and
flavour of Essendon alive. You’ll also find many families with older children taking advantage of Essendon’s
brilliant riverside location with its lovely cafes, impressive schools, bike tracks and proximity to the city.

If you’re looking for somewhere to enjoy a little bit of the good life, Essendon knows how to deliver. Much of
Essendon’s buzz bubbles along on the banks of the mighty Maribyrnong River, where people cycle along the bike
tracks while families picnic in the parkland and ladies lunch at Poynton’s Nursery.

Shopping is an impressive array of strip shopping along parts of Napier St and Mount Alexander Rd, with
Highpoint mall nearby and the epic DFO drawing locals and cross-towners alike to its bargain stores. For families,
the range of schools is a major drawcard, and as for transport, well – what kind do you want? Essendon has trams,
trains, buses and yes, even an airport.

Only 6.3 Km to University of Melbourne and 7.4 Km to RMIT University.

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If you love a period home – a grand Edwardian, a stylish Art Deco or a cute 1950s vintage pad – you’ll go wild for
Essendon, with its history-laden houses often set on large, lush blocks.

Then again, if you prefer something small, sleek and up to the second, you’ll find some gleamingly futuristic
developments like LINC popping up too. Fancy a glamorous elevated enclave with river views? Yep, Essendon’s got them
too.

With lots of original residents showcasing the incredible period homes of this leafy suburb alongside families
enjoying the parklands and cafes, Essendon can give you the space to play it your way.

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Victorian Government scraps stamp duty savings for off the plan investors

The Victorian Government has recently announced that Stamp Duty will undergo major reform, with significant changes set to affect the off the plan industry.

Up until now, stamp duty savings have been a huge incentive for investors and owner-occupiers to buy property off the plan. Existing Stamp Duty savings for investors of off the plan purchases will now be abolished as from the 1st of July 2017.

The move is a blow to the off the plan industry in Victoria. The state of Victoria is one of the only states in Australia that offered stamp duty savings on off the plan projects, which has made it a popular option amongst both local and international investors.  While the state government says the removal of the changes will level the playing field for first home buyers, the Urban Development Institute of Australia lobby group said it would reduce property supply of new homes and apartments.

Accounting firm KPMG’s state taxes partner Michelle Bennett agreed, telling the AFR “There are risks in reducing off-the-plan concessions for investors, as it could put the brakes on new residential development,” Ms Bennett said. The changes won’t be retroactive, only affecting buyers who sign a contract of sale after the 1st of July 2017. Whilst the changes will certainly have an impact on the VIC market, it only puts it in line with other Australian states that do not offer stamp duty concessions for investors.

Regardless, savvy property investors would do well to buy a property and exchange a contract before June 30 2017 to ensure they can make the most of stamp duty savings while they last.

What does this mean in terms of dollar savings? Depending on the purchase price you can save between $20,000 to $34,000 by simply not paying the transfer Stamp Duty if you exchange on the apartment contract of sale before the 30/06/2017.

 

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RPDATA

Australians continue to choose to move to state of Victoria

By Cameron Kusher

Demographic data from the Australian Bureau of Statistics (ABS) showed that Australia’s estimated resident population was 24,220,192 persons at the end of September 2016. Net overseas migration is once again trending higher.

VIC Population 2016

Across the states and territories, Victoria is leading the way in terms of both the rate of population growth and the total increase in population. While Victoria’s population has grown by 2.1% over the 12 months to September 2016, the national population has increased by a substantially lower 1.5%. Annual net interstate migration to Vic is at an historic high. The data clearly points to the fact that Vic is the destination of choice for interstate migration currently.

This creates more demand for housing and is clearly a contributing factor to the rapid appreciation in Melbourne dwelling values which has been occurring for a number of years now. Read More

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Visit Melbourne see more

Did you know?

Melbourne hosts more top level sport events than any other city in the world

Can you name them?

Do the following sound familiar?  

Australian Grand Slam Open Tennis championship,
Formula 1 Australian Grand Prix,
Avalon International Air show,
Australian Motorcycle Grand Prix
Australian Golf Masters
The Melbourne Cup, Australia’s most prestigious annual Thoroughbred horse race 
  Australian International Cricket at the MCG

All magnificent international sporting spectacles bought to Melbourne … the world’s ultimate sporting city. These are sporting extravaganzas.
They are also key drivers of the Victorian economy and a successful international marketing tool.

Coming to Melbourne in 2018 near the Essendon Football Club’s base will be Australia’s First Surf WAVE Park

What about the Melbourne Fashion Festival and the Melbourne Food & Wine Festival and the Melbourne International Comedy Festival and the Melbourne International Flower and Garden Show?

With a non-stop schedule of international events, dedicated precincts and superb venues, Melbourne is events. We have top fashion shows and high-octane sports, star-studded comedy gigs, phenomenal food and wine events and extraordinary art. Cheer on world champions in our sports arenas, discover world-first exhibitions in our arts precinct and revered chefs in kitchens around the city. Make a week or a weekend of it and explore rooftop bars, riverside restaurants, eclectic boutiques and open-air laneway galleries.

Melbourne has a wealth of magnificent major international sport events that inject millions of dollars into the state economy. They showcase Melbourne as a city of intellect and innovation and help put Australia on the map internationally.

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AUSTRALIA’S FIRST SURF WAVE PARK

Coming to Melbourne Airport in 2018 next to the Essendon Football Club’s base.

Wave Park Group is excited to deliver Australia’s first surf park, URBNSURF Melbourne.
Surfing is a sport enjoyed by millions of Australians for its fun, health benefits and lifestyle. Up until now, surfing has been held back by geographic limitations, only available at certain coastal locations, and by weather conditions, needing enough swell, the right wind, tide and daylight.

The surf will soon be up at Melbourne airport, with a surf park twice the size of the MCG and the first in the Southern Hemisphere is set to be built right next to the Essendon Football Club’s base.

URBNSURF Melbourne promises to be a compelling and iconic destination for surfers and non-surfers alike the park will offer surfing classes and competitions in its 320 metre surf lagoon.

URBNSURF2 surfmontage

 

Buying this property for investment?


Below is a snap-shot of the income and expenditure analysis for a property purchase of around $450,000. The investor would actually be in a cash-flow positive position (making around $40.00 per week) after Negative Gearing benefits are taken into consideration. The benefits will change based on your income, interest rates, loan term, depreciation, general property expenses and other market conditions.

Customise your calculation by using our Negative Gearing Tax Simulator – input your actual income and proposed purchase price. Please read the Disclaimer and Explanatory notes before use.

 

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Negative Gearing Tax Simulator


Additional Details

  • Apartment Configuation: 1 bedroom + 1 bathroom + security underground car space with storage - also available in 2 bedrooms and 3 bedrooms
  • Kitchen Area: Chrome tapware, Silver mirror splashbacks, Stone benchtops and Bosch stainless steel kitchen appliances
  • Floors: Floor Boards and Carpet
  • Air Conditioning: In all rooms
  • Distance to Melbourne CBD: Approx 8 Km
  • Living Spaces: Large balconies and outdoor living spaces
  • Internal Colour Schemes: Two contemporary palettes available Shell and Stone options
  • Gas: Gas for heating water and gas cooktops
  • Security Car Spaces: Car park has CCTV throughout and panic alarms
  • Storage Spaces: Storage spaces available with every car space allocation
  • Rubbish Chutes: Rubbish chutes on all levels and recycling disposal available
  • Security Video: Visitor security video intercom in all apartments
  • Lift Security: Lift security zones access and controlled lifts
  • Natural Light: Full height glass windows used extensively to enhance natural light
  • Recreational Facilities: Exclusive residents recreational facilities with 3 landscaped terrace roof top gardens

Floor Plans

Typical 1 Bedroom Apartment

1 Bedroom
1 Bathroom

Typical 2 Bedroom Apartment

2 Bedrooms
2 Bathrooms
Property Video
Linc – 11 Russell Street Essendon, Melbourne VIC 3040
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Agent John Ferretti

  • Mobile : 0415 152 810
  • Fax : 02 8572 9931


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