north-facing park front residences - artist impression...2015/10/21 · and lime-washed tones,...

From the bold splendour of summer to the strength of winter’s rare

blooms and the grace of everything that falls in-between, enjoy it all from your luxurious garden-side

residence on Irving Avenue.

At Astrina, the vision is grand. Reside in Box Hill’s most coveted pocket with stunning views across

Box Hill Gardens. Watch it transform, thrive and bloom.

Live the seasons.

ASTRINA - INTRODUCTION

North-facing park front residences - Artist impression

Expansive open spaces, lush gardens and a cosmopolitan lifestyle

Situated in the prime position on Box Hill’s coveted Irving Avenue, Astrina features sweeping uninterrupted views of Box Hill Gardens with its vast open spaces, mature native

and European trees, serene lake, undulating paths, children’s playground, barbeques and sporting facilities. Enjoy the

tranquility and immerse yourself in this idyllic setting.

Leave the picturesque view and step into a vibrant urban reality. The green leafy suburb holds everything you need for a cosmopolitan lifestyle suited to all the senses and seasons.

ASTRINA - INTRODUCTION

Box Hill Gardens

Box Hill Gardens Lake

Port PhillipBay

Box HillTrain & Bus Station

Tram Stop

Box HillCentral

ATOBuilding

Box HillGardens

Box HillInstitute

Box HillHospital

EpworthEasternPrivateHospital

LIFESTYLE & LOCATION

Spring - Peony

1CHAPTER

Parks and gardens

Culinary delights Asian cuisine

Asian hawker food Boutique shopping

Fresh food markets

Dining district Coffee culture

Aqualink

Sporting grounds

Westfield DoncasterTea culture

Specialty stores

A world of nature effortlessly connected to urban living

Seemingly lost in a world of nature, Astrina is superbly

connected to Melbourne’s dynamic urban lifestyle.

Box Hill is a thriving community rich in cultural diversity and abundant in amenities. Beyond the Gardens, Box

Hill Central is just a short stroll away offering an array of shopping experiences, from fresh food markets and boutique

specialty stores to large-scale retail; as well as a myriad of entertainment and dining options. Boasting a bustling culinary

scene brimming with an exciting mix of authentic Asian and international cuisines, the locale is a feast for the senses.

For growing families, the neighbourhood is fast becoming an education hub with renowned schools, colleges and

world-class universities within close proximity.

Hospitals, sporting facilities and community infrastructure complete the picture in this well-established ‘city within

a city’. For explorations further afield, Box Hill Train Station, bus terminus and tram stop are all within moments by foot

and the heart of Melbourne’s CBD a mere 15 kilometres away via excellent road connections.

ASTRINA - LIFESTYLE & LOCATION

Box Hill Library Box Hill Town Hall

Box Hill HospitalBox Hill Institute

Deakin University

Train Station

Tram to CBDBox Hill High School

PLC

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ADEASTERN FREEWAY

DONCASTER ROAD

BELMORE ROAD

CANTERBURY ROAD

WHITEHORSE ROAD

STAT

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BOXHILL

MONTALBERT

LABURNUM

Westfield

DeakinUniversity

PresbyterianLadies College

KoonungSecondaryCollege

Box HillSenior

Box HillHospital

Box HillInstitute

Our Lady ofSion College

KingswoodCollege

Library

AqualinkCommunityArt Centre

Box HillIndoorSports

Box HillGolf Club

EasternGolf Club

Box HillCentral

MelbourneCBD 15KM

Box HillAthleticClub

Wattle ParkGolf Course

Box Hill NorthPrimary School

Box Hill High

SURREYHILLS

IRVING AVE

ELG

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RD

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SEVERN ST

THAMES ST

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22

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Parks & Recreation

01. Box Hill Gardens

02. Kingsley Gardens

03. Basketball and sports courts

04. Box Hill Garden Lake

05. Box Hill RSL

Shopping & Amenity

06. Box Hill Central

07. Box Hill Market & Food Court

08. Box Hill Library

09. Box Hill Hospital

10. Epworth Eastern Private Hospital

Arts & Culture

11. Community Arts Centre

12. Box Hill Town Hall

13. Whitehorse Artspace

Transport Links

14. Box Hill Train Station

15. Tram Route 109

16. Box Hill Bus Terminus

17. Eastern Freeway

Education

18. Box Hill Institute

19. Box Hill High School

20. Our Lady of Sion College

21. Box Hill Senior Secondary

22. St Francis Xavier’s School

Restaurants & Cafes

23. Main St. Dining Precinct

24. Carrington Rd. Dining Precinct

25. Station St. Dining Precinct

26. Whitehorse Rd. Dining Precinct

Travel Times

WALK1 min to Box Hill Gardens4 mins for morning coffee

4 mins to tram stop5 mins to Box Hill Central

6 mins to train station

DRIVE5 mins to Eastern Fwy

9 mins to Westfield Doncaster30 mins to CBD

PUBLIC TRANSPORT 26 mins to CBD via train 48 mins to CBD via tram

Legend

Parks

Rivers

Trainline

Tramline

ARCHITECTURE & FORM

Summer - Lotus

2CHAPTER

View of Astrina from Box Hill Gardens - Artist impression

A stunning view of the park to savour amongst stylish surroundings

Beautifully designed, Astrina creates an architectural

statement, setting a new benchmark for suburban living unparalleled in the heart of Box Hill. Positioned with

absolute park frontage, Astrina will never be built out.

With an aesthetic that’s both striking and elegant, the building is perfectly balanced by a simplicity of rhythm and order

in its façade. Clean minimalist lines expressed by the building structure combined with a restrained materials palette exude a sense of contemporary sophistication.

Astrina offers stylish two-storey townhouses on the ground level and luxury one and two bedroom apartments on upper

levels. The apartments have been positioned to optimise natural light and capture the beautiful views across the gardens

and beyond with floor-to-ceiling windows and glazed balconies creating a sense of space and openness.

ASTRINA - ARCHITECTURE & FORM

Refined design through careful articulation - Artist impression

Foyer with vertical garden - Artist impression

Rooftop garden - Artist impression

An urban sanctuary to enjoy through the seasons

On the glazed façade, reflections of trees and foliage create a play of light and shade throughout the day,

and throughout the seasons.

Step inside the nature-inspired entrance lobby – a magnificent double-height space with vertical garden and timber wall

– into a tranquil urban sanctuary.

The considered choice of materials creates a seamless connection between inside and out, bringing a sense

of serenity and warmth.

Social spaces to connect, share and entertain

The rooftop garden and mezzanine courtyard offer residents opportunities to connect and share.

Entertain in style at the alfresco barbeque and dining area; relax in comfort with a book on the sun deck; or enjoy a movie with

friends at the outdoor cinema on a balmy summer’s night.

Featuring secure lift access, resident’s gymnasium, secure basement car parking and bicycle stores, Astrina offers

the very best of contemporary living.

ASTRINA - ARCHITECTURE & FORMASTRINA - ARCHITECTURE & FORM

INTERIOR DESIGN

Autumn - Chrysanthemum

3CHAPTER

Kitchen - Summer palette - Artist impression

Bathroom - Winter palette - Artist impression

A luxurious aesthetic with beautifully appointed and highly functional spaces

To complement the building’s exterior, the apartment interiors hold an enduring appeal combined with sleek

contemporary styling.

Evoking the changing beauty of each of the four seasons, the apartments and townhouses offer four interior

schemes to suit varied individual styles. Each scheme has a sophisticated palette of colours, textures and

materials reflecting the seasonal hues, capturing the essence of the building’s prime location and creating

interiors that are inviting and refreshing.

Kitchens feature white 2 pac and accent joinery with stone benchtops, premium stainless steel European appliances including gas cooktop with wok burner,

pull-out pantry and mirror splashback. Most kitchens also include a clever extended benchtop that serves as an integrated dining table, a multi-function bench

space or a convenient breakfast bar.

Featuring large format tiles juxtaposed against sleek white tiles, the bathrooms come complete

with quality designer fixtures and fittings, and ample storage solutions.

ASTRINA - INTERIOR DESIGN

Kitchen detail - Artist impression

Apartment view. Summer palette - Artist impression

Contemporary interior design with every detail considered

The design and detailing balance form and function, creating a distinctive living environment.

All apartments, many of which incorporate media or study spaces, feature built-in wardrobes, European laundry with washing trough, recessed LED lighting

and plenty of practical storage.

Crafted architecture, with a sense of space and openness

Versatile open-plan layouts with generous proportions and well-oriented living spaces offer maximum access to natural light. The full-height window glazing and sliding door, which

opens onto a large private terrace or balcony, allow you to enjoy the luxury of space with views to match.

A refined palette of outstanding materials and finishes, combined with finely crafted architecture and design, creates the ideal backdrop to luxury garden-side living that is Astrina.

ASTRINA - INTERIOR DESIGNASTRINA - INTERIOR DESIGN

Lounge view - Artist impression

Spring Colour Palette

A soft, light palette of whites and lime-washed tones, lifted

by a bold pop of green, evokes the fresh feeling of spring.

Summer Colour Palette

Blonde and sandy colours give the interiors the bright,

relaxed and warm tones of summer.

Kitchen view - Artist impression

Bathroom view - Artist impression



Autumn Colour Palette

Earthy hues of warm greys, dark undertones and a subtle deep red create the perfect

ambiance of autumn.

Winter Colour Palette

Frosty cool whites, deep greys and luxurious black

form the sophisticated colour scheme of winter.





INVESTOR INFORMATION

Winter - Plum Blossom

4CHAPTER

Box Hill Growth

Education

22%22% of residents have a bachelor degree or higher,

well above the Melbourne average of 16%.

Source: City of Whitehorse

Employment by Occupation

44%With almost 44% of the population working in white collar positions, the area is enjoying a period of gentrification, suggesting that investment properties within the suburb

will attract quality tenants.

Source: Economy ID

ASTRINA - INVESTOR INFORMATIONASTRINA - INVESTOR INFORMATION

Managers

Professionals

Technicians/Trade workers

Community/Personal Service

Clerical/Admin

Sales

Machinery Operators

Labourers

Other

Greater MelbourneBox Hill

Box Hill Demographics

Economy

$7.2 B“Box Hill is a $7.2 billion-dollar economy that is strategically

integrated with the wider regional economy…”


Population Growth

+28,000Over the next 25 years, the City of Whitehorse will require 13,000 new dwellings to cater for the expected population

growth of 28,000 residents. This demand is expected to outweigh supply which will fuel price growth.


Capital Growth

+79.1%Between 2009 and 2014 the Box Hill Median Unit Price

increased by 79.1% from $268,000 (2009) to $480,000 (2014).

Source: REA Group


Box Hill Demographics Box Hill Demographics

Travel

59%Box Hill residents are heavily reliant on cars, with 59% of workers

using personal cars as a mode of transport to and from work. This favours apartment projects with a good car park ratio.

Source: Economy ID

Resident Life Stages

With 28.6% of residents being independent youths, which are categorised as couples, singles and home sharers under 35 years of age, there is a high proportion of residents within

the prime age range for renters.

Source: REA Group

Household Type

70%

70% of households in Box Hill are sole or two person households, much greater than the Melbourne average of 54%.

Couples without dependents and sole person households are both forecast to increase by 25% over the next 10 years. This is

the ideal target market for apartment accommodation.


Ancestry

32%of residents are of Chinese descent

Chinese investors and newly arrived immigrants are expected to spend $44 billion dollars on residential real estate over the next seven years. Much of this investment is expected to be centred

in those areas already established as being popular with Chinese such as Box Hill, ensuring strong capital growth into the future.

Source: Credit Suisse

28.6%

14.5%

12.0%

11.5%

9.8%

9.4%

7.0%

3.6%

2.6%

0.8%

Independent Youth

Maturing/Est. Independence

Older Couples & Families

Est. Couples & Families

Elderly Singles

Older Independence

Maturing Couples & Families

Elderly Couples

Young Families

Elderly Families


Rental Market Size

Owner occupier • Rental properties

With the Box Hill Institute expanding to over 30,000 enrolments in 2014, the demand for apartment rentals

should see continued strong growth.

Source: Box Hill Institute

Rental Vacancy Rate

3.18%3.18% current vacancy rate which is extremely low

in comparison to 5.9% for Greater Melbourne.

Source: Real Estate Investar Australia

Dwelling Type

1.8%Census data showed that only 1.8% of dwelling stock within the City of Whitehorse was classified as high density compared to 7.2% for metropolitan Melbourne at this time, highlighting the

opportunity for significant apartment growth.

Source: ABS

Rental Yields

4.4% 4.0%1 Bed rental yield 2 Bed rental yield

With strong rises in demand from local tertiary institutions and also a steady rise in white collar workers, demand for

both one and two bedroom apartments is expected to maintain high rental yields.

Source: REIV

Rental Comparison

Based on Astrina being brand new, the premium nature of the building, and the unique offering of park views to most apartments, we believe that Astrina will offer higher rental

returns than competing stock.

*Based on 360 Property Rental Appraisal. Source: Real Estate Investar Australia

Box Hill Property Market Box Hill Property Market

49%

Greater Box Hill Astrina Melbourne

5.0%*

4.2% 4.2% 4.4%

4.0%

1 Bedroom 2 Bedroom

Established in 2009, Desyne Developments is a boutique Melbourne-based development company and a multi-

disciplinary practice offering a full range of property development, project management, architecture

and interior design services.

Specialising in low- to high-rise residential and mixed use developments, the company’s vision is to integrate

and synergise creativity and development expertise from design inception to project completion. The team

is committed to delivering high-quality and cutting-edge projects. With their design-focused approach and

exceptional attention to detail, Desyne Developments creates architecture that has a unique yet timeless aesthetic.

360° Property Group is Australia’s leading residential development sales and marketing agency. With more than

30 years of combined experience working with the country’s largest public and private companies, 360° Property Group has offices in Melbourne, Sydney and Brisbane and is responsible

for more than 18,000 residential apartment sales to date.

ASTRINA - INVESTOR INFORMATION

developmentsRathmullen Terraces, Doncaster

The Manningham, BulleenW Apartments, Preston

Princeton on the Park, University Hill

Barrett Street, Albert ParkKinnears, Footscray

This brochure and the information contained within it is for presentation purposes only and is subject to change at any time without notice. Changes may be made to the proposed development during the further planning and development process. Dimensions, fittings, finishes, landscape and paved areas, specifications, ongoing costs and representations are indicative and subject to change without notice at any time. The images shown throughout depict full purchaser upgrade options and are only indicative artist impressions on what the finish will be. Furniture and white goods are not included in the price.

Whilst this brochure has been prepared with all reasonable care and consideration, no warranty is given as to the accuracy, currency or completeness of the information contained within it and it is not intended to be relied upon in any way. The developer and its related companies and their consultants and agents accept no responsibility for any of the information contained in this brochure or for any act or omission taken in reliance upon it by any person. All prospective buyers are advised to carry out their own investigations in order to satisfy themselves as to all aspects of the development and should seek independent legal and financial advice in relation to all the information contained in this brochure. The information contained in this brochure is intended to be used as a guide only. Unless otherwise stated, the information

contained in this brochure does not constitute an offer or inducement to enter into a legal binding contract; or form part of the terms and conditions of sale of any product of the Developer.

3D visualization by FKDstudio - fkdstudio.com.auFloral illustrations by Simon Lo.

Branding, design and print by zeroG Marketing & Communications - zerog.com.au

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