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Eternity is an outstanding investment in West Footscray

Market Insights
6 years ago
4 minutes

Eternity is a sanctuary in the centre of an urbanised environment which combines sustainably sourced timber and recycled materials with 21st Century technologies to harness the power of the nature.

Developer Longboat is creating 61 generously proportioned one and two bedroom apartments in five timber clad structures, reflecting the warehouses that once lined Stony Creek.

The building is angled towards the creek, which brings in views of the city and allows glimpses through the site, as well as exposing the natural beauty of the full-height timber cladding.

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The connection with the natural environment continues inside the apartments, where daylight floods into every living space. The balconies are 1.6m wide with direct connection across the full width of every apartment, and they can easily accommodate chairs and tables for additional living space.

Air conditioning units are hidden behind enclosures on the balconies, and air is directed away to maximise comfort when residents are using their balconies.

Upper floor apartments have soaring four-metre-high ceilings, and spectacular views of the surrounding parkland to the CBD.

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The impressive 7-star energy rating of the building is a result of its passive environmental design principles such as solar power and solar boosted hot water, individual metering and rainwater harvesting, all of which help to lower operating costs.

On the rooftop, residents have a communal space that’s all their own. The communal rooftop terrace is a space designed to bring residents of Eternity together and allow them to enjoy unobstructed views of their community. Features like the barbecue will give residents an opportunity to connect over shared meals amongst the plant-life which has been placed throughout the terrace. LED strip lighting that sits flush with the hardwood decking will keep the terrace well-lit so it can be enjoyed for all occasions, day or night.

West Footscray is located next to the Footscray Metropolitan Activity Centre and eight kilometres west of the Melbourne CBD. The public transport network within West Footscray consists of six major bus routes, providing access to and from neighbouring suburbs through to Melbourne’s CBD. The Sunbury line runs through West Footscray and stops at both the Tottenham and the West Footscray train stations for a 12-minute ride into Melbourne’s CBD.

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Getting out of Melbourne is easy, too. Some of Australia’s best surf beaches are only an hour away via the Westgate Freeway.

Decades after the transformation of Melbourne’s other inner suburbs, West Footscray remained virtually untouched. West Footscray’s local village has blossomed into a hub of dining, shopping and overall convenience. Amongst West Footscray’s relaxed ambiance is a collection of shops and facilities that add that down-to- earth local feel including Kingsville Cellar, the quaint Rocco Deli and Footscray Hospital, which is set for a substantial upgrade. Neighbouring villages like Yarraville and Seddon also add their own amenities and unique charm to the area. 

West Footscray is Melbourne’s outstanding investment opportunity. The median unit price in West Footscray has grown at a rate of 8.3% per annum over the decade. There is approximately $133 million worth of infrastructure investment currently in the pipeline for West Footscray through to 2019. Large scale projects include commercial and industrial developments, as well as a $10 million mixed use development above West Footscray Railway Station, which is expected to be completed by 2018.

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The West Footscray station has recently been upgraded as part of the recent $3.6 billion regional rail link, which has improved transport connections and station facilities.

West Footscray has achieved strong rental growth over the decade from 2005 to 2015, with median weekly rents for one, two and three bedroom units growing at an annualised rate of 7.6%, 7.4% and 6.0% respectively.

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Eternity is in a prime location, filled with culture and amenities on top of great connectivity with the rest of the city - a wise investment for the future and a great place to live where you can be amongst it all.

For more information or to enquire about Eternity Apartments, click here.

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