Wharf Two is the second stage of stunning development property in Darwin Australia. Located on the city’s beautiful waterfront, this development offers some great facilities for short term holiday makers and long-term residents alike.
The development includes landscaped parks, a public wave pool and swimming lagoon, local art sculptures and a major Convention and Exhibition Centre. There are also cafes and restaurants on site and specialty retail stores. Specifically with tourists in mind, a hotel and serviced apartments will also be available in the development.
This development has commenced construction and will include 137 one and two bedroom apartments that are spread out out over 3 buildings. Floorplans vary in size from 52 square metres for a one bedroom apartment to up to 107 square metres for 2 bedrooms.
Design and Architecture
The property itself was designed by award winning architects Bates Smart and is designed to provide a community atmosphere, but maintaining the privacy of living on the water. The architects have designed many properties across Australia including part of the Sydney Olympic Park redevelopment.
The apartments have been designed to make the most of indoor and outdoor spaces, giving them an airy and light feeling. There are interior options available to choose from from the stone bench tops to the gourmet kitchen and bathroom vanities, so that you can add your own style to the apartment.
Construction for Wharf Two has commenced and is anticipated to be completed in early 2014. The entire Waterfront development is part of a 15-year project that is anticipated to be completed in 2020.
Apartment prices start from $400,000 for a one bedroom apartment and go up to $750,000 for a two bedroom apartment.
From an investment perspective, Darwin is one of the up and coming locations in Australia. With significant infrastructure development and prices that are much more reasonable than other major cities in Australia, the opportunity for capital growth in the region is significant. The first release of this development, Wharf 1 has sold out and experienced very low vacancy rates, which is also good news for potential investors. From a lifestyle perspective, Darwin is the smallest and most relaxed of Australia’s capital cities, and is in itself an important tourist destination. With the Kakadu on your doorstep and some of the best weather in Australia, what is not to love. You can find out more about Darwin as an investment location here.
Located close to Darwin’s Central Business District, this precinct offers the convenience of location and the luxury of space and lifestyle, with its proximity to park lands and the waterfront.
Darwin also has an international airport, making the city easy to reach from most locations within Australia and South East Asia.
About the Developer
The developer, Toga Group is one of Australia’s largest privately owned property groups. They have operated for 50 years and won many awards around Australia for their developments.
This development isn’t the cheapest property you can purchase in Darwin, but in terms of well appointed interiors, access to the city and location, it has a lot to offer a long-term investor.