McCrae Residences, the 34-apartment development in the heart of Dandenong, are not only wonderfully designed internally with all expected modern features, residents can literally walk to everything in minutes. Markets, shops, cafes, public transport, cinemas and entertainment are all just a stroll down the road.
McCrae Residences are also close to the wondrous Dandenong Ranges, whose attractions include the ‘sky-high’ viewing platform, waterfall walks, hikes and the 1000 Steps Kokoda Track Memorial Walk, a Melbourne tradition for the active challenge-seeker. Multiple golf courses are at one’s fingertips, and the beautiful Mornington Peninsula wine country is just a short 20-minute drive away.
Developers say that from an investment perspective, the recent local and state government investment has flagged Dandenong as an area of future capital growth. “Dandenong is the commercial heart of the greater southeast Melbourne region. The Dandenong region produces a massive 42 per cent of Victoria’s commercial output and the government has ensured that this figure will continue to rise. Recently, the region has seen $290 million of State Government investment and $400 million of private investment into businesses, commercial property and government departments in the area.
“Additionally, the Government has expanded its public offices in Dandenong, particularly in the areas of health and administration. All of this equates to a strengthened rental market in central Dandenong as people follow the areas where their work is located.”
McCrae Residences are extremely well-appointed one and two-bedroom homes, thus representing attractive options for the owner-occupier. However, as an investment, the properties present a very unique opportunity because of the potential for capital growth over coming years. Construction has just commenced and is likely to be completed in about 14 months.
A: 69-71 McCrae St, Dandenong
T: 1800 732 243