Medium density product sales are steadily increasing
in Melbourne’s outer ring, highlighting demand for
affordable, well-designed dwellings
The emergence of townhouses as a desirable housing option continues to grow, with increasing numbers of buyers willing to sacrifice lot size to afford their dream home in areas with accessible infrastructure and amenities. Townhouses provide a more affordable housing option for buyers looking for a home with a similar footprint to a house.
The share of medium density housing (particularly townhouses) in the outer ring of Melbourne has increased from 24 to 31% over the last 12 months. The growing pipeline of medium density stock in the outer ring underpins demand for well-designed, purpose-built dwellings for budget-conscious buyers.
Evidencing this trend, RPM recently launched Carter Place, a development comprising 43 townhomes and 19 double-storey homes in the picturesque Armstrong Creek in Melbourne’s South West. The new estate, by developers APD and Porter Davis, delivers townhomes with a high-quality finish, amongst a Hampton-Style streetscape with landscaping by Flemings.
The premium residences include a mix of 2-, 3- and 4-bedroom homes ranging between $359,000 and $465,000, with house and land options between $495,000 and $529,000. Located adjacent to the Warralily Village shopping centre, a future child and maternal health centre and only 10 minutes from Geelong’s CBD, Carter Place underscores the increasing popularity of townhouses in the outer ring.