Suburb Report

NewQuay continues to enjoy a resurgence in popularity amongst buyers keen to capitalise on the waterfront position, city side convenience and relative affordability the precinct enjoys. Underscoring current demand, all sales reported for Docklands by the Real Estate Institute of Victoria last week were in NewQuay, including the off-market sale of a three bedroom sub-penthouse at 1502/15 Caravel Lane. According to Lucas Director Chris Henson, "this property was undoubtably a sales highlight. Offered for sale for the first time since 2002 and featuring 122sqm of internal living space, an astute owner-occupier snapped up this apartment before it was even advertised." The saleability of property in NewQuay is set is increase even further with the waterside precinct welcoming a new public park, two new hotels and several new apartment complexes in the near future, including the much anticipated Aqui Promenade this month. The revamped Harbour Town shopping centre will also incorporate cinemas, a supermarket and fresh food precinct, with works well underway. For your personalised NewQuay property report, contact the local area expert Chris Henson on 0417 999 070 or