Melbourne’s Airport Rail Link will be routed through it. The Victorian Planning Authority will be finalising one of its National Employment and Innovation Cluster frameworks around it. And now Pace Development Group will be adding a new dimension and 1,000 residents to its suburban landscape.
The suburb is Sunshine North, and according to property forecasters and savvy investors alike, it’s time in the spotlight is now.
Such is the level of activity and investment being pumped into the humble western suburb, many are touting it as Melbourne’s next boom suburb.
It’s a sentiment sure to spread with Urbis data reaffirming Sunshine North has all the markers for success. With a population that has grown by over 13 per cent since 2006, and one that is forecast to increase by a further 22 per cent by 2026, Sunshine North’s demographic profile shows levels of change and gentrification higher than any other in Victoria.
Average household incomes in Sunshine North and its neighbouring suburbs also recorded higher levels of growth compared with Greater Melbourne (up 47 per cent to $74,843 in the ten years to 2016) and saw a higher proportionate increase in white collar workers who reside in the area.
“As its residents evolve, its residential offering must also adapt to their new needs and lifestyle preferences,” said Pace Sales and Marketing Director, Danielle Titterton, who is bringing Pace of Sunshine North and its townhouses to market in September.
“The diversification and the broadening of Sunshine North’s residential market is the missing piece in the suburb’s development and infrastructure journey,” said Titterton.
“To accommodate a growing desire to live here, the area is witnessing a conversion of former industrial land sites into residential homes and commercial developments, with Pace of Sunshine North leading the charge.”
With three-bedroom, two-bathroom townhouses being offered from $595,000, Pace of Sunshine North is unlocking new territory.
“Sunshine North is coming of age and with this comes fresh interest from purchasers looking to capitalise on its relative affordability– where else can you buy a three-bedroom home for under $600K less than 10km from the city?” Said Titterton.
“The attractiveness of the suburb and its potential returns are realised at Pace of Sunshine North where we have brought a level of living, design and development that reflects its future trajectory.”
Boasting prime river frontage along the Maribyrnong, CBD views and backyards bigger than the average one-bedroom apartment, Pace’s Sunshine North development is one of its most hotly anticipated yet.
“Excitement is building amongst the local community, with existing residents just as eager as those who have pre-registered for our launch weekend to see talents of Rothelowman and Adele Bates come to the neighbourhood,” said Titterton.
The combined sensibilities of these award-winning practices have culminated in an external architecture intent that relates to the nature and lifestyle elements of Sunshine North.
A considered colour palette reflects the greenery of the suburb, with shades of green and browns inspired by the wood, rocks and other natural elements that surround the Maribyrnong River seamlessly blending the development to its context.
This aesthetic is carried across both the three and four-bedroom townhouses launching on September 1st and 2nd.
The official launch weekend will see the homes presented alongside free coffee from The Big Letter Co. and Vietnamese street food from Lil’NomNoms at the display suite on 322 Duke Street, Sunshine North from 11am to 4pm on both days.
From there, Pace’s integrated builder/developer model will see the project move swiftly to construction and delivered quicker than the usual, with ground expected to break in spring this year and completion on these homes in 2019.