By BLUE EART H GROUP
NEW EUROP EAN LIVI NG 2 2 – 3 0 ly g o n s t r e e t b r u n s w i c k e a s t
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residences
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lygon street facade – artist impression
chapter
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lo c at i o n
T H E H E R I TA G E H E A R T OF BRUNSWICK EAST – N OW ON E OF M E LBOU R N E ’ S M O S T A P I R AT I O N A L L OC AT I O N S
Within minutes of Melbourne’s top universities, city parks, sporting precinct and the CBD, Rima’s immediate neighbourhood buzzes with the atmosphere of exciting bars, restaurants, cafes and retail.
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Carlton Gardens 8mins
CBD 12mins
RMIT University 12mins
University of Melbourne 9mins
Port Phillip Bay 25mins
Princes Park 4mins
northcote golf club
#19 #1,8
high st
sydney rd
northcote plaza
merri park
high street village
ic re ek
rmit university – brunswick
rr
gilpin park
fleming park
me
sydney road food precinct
all nations park
st georges rd
#96 lygon st
clifton park
ceres environment park
nicholson st
Discover the diverse appeal of your local area. From the latest finds in food, art & culture to elegant escapes like nearby Princes Park that give the place such expansive charm. Enjoy everything with ease. Pedal to university lectures or to Royal Park for a picnic. Take the number 1 or 8 tram into the city through iconic Lygon Street in Carlton. Or ride the number 19 tram along Sydney Road for authentic Mediterranean culture.
barkly square shopping centre brunswick rd
capital city trail
cit
royal park golf club
yli
fitzroy north village
nk
rathdowne village
melbourne zoo
There are even more great choices close to home. Within metres of Rima are many popular cafes, restaurants, bars and stores including Atticus Finch, Teta Mona, 20th Century Scandinavian and the Sicilian dining institution, Bar Idda.
edinburgh gardens
princes park
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ns
e ue
royal park
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princes st
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pd
2km
em
in
gt
on
university of melbourne
rd
the royal melbourne hospital
lygon street food precinct
brunswick street village
royal exhibition building carlton gardens queen victoria market
victoria st
rmit university
fitzroy gardens 4km
melbourne cbd docklands etihad stadium
yarra river
mcg
t
ns
do en
r cla
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aami park
st kilda rd
west gate freeway
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rod laver arena
national gallery of victoria crown melbourne
royal botanic gardens
albion st 30
25
brunswick park
31
38
rmit university brunswick
24 22
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14
brunswick 42
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merri park
brunswick east
glenlyon rd
sydney road food precinct
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fleming park
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gilpin park
entertainment
victoria st
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clifton park
5. Temple Brewing Company 7. The Alehouse Project 12. The Alderman 20. Mr Wilkinson 37. Spotted Mallard 38. Brunswick Baths 39. Howler 47. Royal Park Golf Club 48. Melbourne Zoo 49. State Netball/Hockey Centre 56. Gerald’s Bar 58. Endota Day Spa 63. The Provincial Hotel 65. Polly Bar 66. Kommune Canteen 67. The Rose Fitzroy 71. Underwood Wine Bar 74. The Fitzroy Pinnacle 76. Empress Hotel
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27
ceres community environment park
ek
40. RMIT University – Brunswick 52. University of Melbourne 53. Princes Hill Secondary College
#96
28
16 17
13 11 9 7
44
barkly square shopping centre
3
45
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46
4
balfe park
12 10
19 18
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fitzroy north
1
brunswick st
capital city trail
princes hill
47
princes park
civic
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50. The Royal Children’s Hospital 51. The Royal Melbourne Hospital
75
melbourne zoo
fizrroy north village
rathdowne st
education
29
merri cre
3. 20th Century Scandinavia 8. Monk House Design 16. Blackhearts & Sparrows 18. Hams and Bacon 22. The Boroughs 24. Monsieur Truffe 27. CERES Community Environment Park 30. Lost and Found Market 31. Dejour Jeans 32. Otto and Spike 34. Mr Kitly 45. Barkly Square Shopping Centre 55. Skinner & Hackett 57. Rathdowne Village Delicatessen 59. Alice’s Bookshop 62. Casa Iberica 64. The Rose Street Artists’ Market 73. Wild Things Food
#1,8
nicholson st
1. Woodstock Cafe 2. 400 Gradi 4. Teta Mona 6. Jack Horner 9. Rumi 10. Small Block 11. Bar Idda 13. Kumo Izakaya & Sake Bar 14. Lady Carolina 15. Sugardough Panificio and Patisserie 17. Atticus Finch 19. Pope Joan 21. Mankoushe 23. El Mirage 25. East Elevation 26. F.A.T. (Fried And Tasty) 28. Hellenic Republic 29. The Brunswick East Project 33. Lux Foundry 35. The Brunswick Mess Hall 36. Albert St Food & Wine 41. Miss Marmalade 42. Two Little Pigs Charcuterie & Grind 43. Code Black Coffee 44. Brunswick Foodstore 46. Wide Open Road 54. Enoteca Sileno 60. La Luna Bistro 61. Piqueos 68. Matteo’s 69. North Fitzroy Star 70. Horn Please 72. Pinotta 75. Supermaxi
#19
lygon st
retail
sydney rd
restaurants/cafes
76
74 73 71 70
54
rathdowne village 55
49
72
edinburgh gardens
1km
56
royal park
57
curtain square 69
58 59
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the royal children’s hospital
64
university of melbourne
50
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51
2km johnston st
62
brunswick st
princes st
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Melbourne’s outstanding reputation for education is built on long established traditions and an exemplary collection of spectacular grounds in and around the city centre. Rima puts you in perfect proximity to two of Australia’s finest universities – the University of Melbourne and RMIT University. Established in 1853, the University of Melbourne is Australia’s second oldest, ranked as its best, and one of the world’s leading tertiary institutions. Nearby, the Royal Melbourne Institute of Technology dates back to 1887. Now known as RMIT University, it offers students a unique, unwalled campus experience in the heart of the CBD, with a renowned blend of heritage buildings and striking contemporary architecture.
University of Melbourne – 9mins One of the world’s top ranked Universities
RMIT University has an additional campus in Brunswick, just minutes from Rima within the creative and multicultural Sydney Road district. The campus is home to education students and many design-related programs and research, including textile technologies, fashion, merchandising and product development.
RMIT University – 12mins
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2
re s i d e n c e s
R I M A’ S E X T E R I O R IS AN EXERCISE I N B O LD G E O M E T RY
Rima’s confident, stylish design created by MAP Architecture is a unique asset to the existing Brunswick East streetscape. Generous glazing is contained within a network of horizontal beams that continue into cantilevered balconies. A series of parallel steel pillars make a strong vertical statement, extending from street level to the building’s full height and unifying the entire contemporary structure.
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rima residences
lygon street facade – artist impression
apartment terrace – artist impression
Stretch out in style. Rima interiors offer spectacular views matched by superior design, well-configured spaces, abundant natural light and attention to detail in every finish.
two bedroom living room – artist impression
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Smart spaces that integrate effortlessly with your lifestyle. Every apartment interior is designed for maximum versatility, with features such as seamless extension of kitchen benches to dining table and flexible study with window to living areas adding to the sense of space.
one bedroom residence – artist impression
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Practical appeal. A focus on creating a compatible palette of materials and quality appliances with generous storage makes every kitchen easy on the eye and a delight to cook in.
kitchen detail – artist impression
bathroom – artist impression
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r o o fto p c lu b
A S TA N D O U T SOCIAL EXPERIENCE E Q UA L TO T H E MESMERISING VIEW
Rima’s rooftop club will elevate your entire perspective on entertainment. An exclusive residents and guests space featuring luxury appointments and lush greenery against a sensational city backdrop.
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actual view
European style encompasses every aspect of this luxurious rooftop – from the terrace lounge with open fire place, terrace dining area with barbecue to the outdoor cinema, terrace bar and teppanyaki grill. Softened by wellplaced greenery and landscaping features, Rima’s rooftop club offers a secluded escape from Brunswick East’s energetic street life. And with a combination of open air and covered spaces it’s perfect all year round. Kick back with family and friends or relax up top on your own with the panoramic view for company.
ro o fto p c lu b
services
teppanyaki grill terrace bar
lift
lift
terrace lounge
terrace dining
services
outdoor cinema
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terrace lounge – artist impression
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teppanyaki grill – artist impression
outdoor cinema – artist impression
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chapter
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i n v e st m e n t & t e a m
A P ROVE N TEAM R E N OWN E D F O R C R E AT I N G H I G H VA L U E A S S E T S
Rima is a successful collaboration between property developer, Blue Earth and MAP Architecture – a professional partnership founded on experience, and a shared strategic approach to designing and implementing apartment developments. This powerful matchup ensures Rima is sure to appreciate in value beyond the broader market context.
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Inner Melbourne’s population continues to grow exponentially. As a consequence of the forecast increase in residential demand, key locations with outstanding access and lifestyle attributes are poised to appreciate significantly over the medium to long term. Investing in Rima means turning Melbourne’s dynamic urban environment to your advantage. Current data on the predominance of younger, high net-worth individuals renting, or looking to rent, in Brunswick East is further evidence of the compelling investment opportunity that Rima represents. Additionally, extremely low vacancy rates, and a high proportion of university attendees in the area make Rima a secure and rewarding investment in your future.
G R OW T H
With 100,000 people migrating to Melbourne each year, by 2051 Melbourne is expected to be Australia’s largest city, when the current population of 4.35 million is anticipated to reach 7.7 million. With an average of 2.6 people per household, we need 38,000 properties per year to accommodate the growth. New figures from the bureau show Victoria gained an extra 101,500 residents in the year to December. At 1.8 per cent, Victoria’s growth rate surpassed Western Australia’s 1.6 per cent and the 1.4 per cent recorded in NSW and Queensland, which was the Australian average. South Australia grew 0.9 per cent, Tasmania 0.3 per cent, the Northern Territory 0.4 per cent and the Australian Capital Territory 1.1 per cent.
Melbourne’s gain allowed it to further narrow the population gap with Sydney, whose population climbed 84,200. Bureau of Statistics projections have Melbourne overtaking Sydney to become Australia’s biggest city in 2056. In December greater Melbourne housed 4.4 million residents and the bureau says this population will almost double to 8.2 million by 2056.
Net gain from interstate resettlement Victoria
9,340
Queensland -400
Western Australia
-1,280
Tasmania
-1,580 -2,740 -3,390 -5,570
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5,600
Australian Capital Territory South Australia Northern Territory New South Wales
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E D U CATI O N
YO U N G E R
The population in Brunswick East shows that 45% of the persons hold Bachelor or Higher degrees compared to 23.6% of Greater Melbourne. Persons with a higher level of education suggests a population of higher socio economic status, signifying more disposable income.
Analysis of age groups of Brunswick East shows that there is 28.6% of people aged 25 to 34 compared to 15.4% for Greater Melbourne. This is the typical demographic for a prospective tenant and the age profile of when people move out of home with a stable income.
Increased education attainment relates to higher income renters
Highest qualification achieved 50%
Age structure – 5 year age groups 20%
25%
10%
0%
0%
Bachelor or Diploma Vocational No qualification Higher
20-24 25-29 30-34 35-39
Brunswick East
Brunswick East
Greater Melbourne
High concentration of potential renters
Greater Melbourne
Source: Australian Bureau of Statistics 2011
Source: Australian Bureau of Statistics 2011
WEALTH I E R
CA P I TA L G R OW T H
Analysis of individual income levels in Brunswick East compared to Greater Melbourne shows that 17.4% of the people earn a higher income (those earning $1,500 per week or more) compared to 12.9% for Greater Melbourne. These smarter, younger people with high disposable income are more accustomed to a modern lifestyle and again have more disposable income for expenses such as rent.
Capital growth in Brunswick East has averaged a very healthy 5.06% consistently over the last ten years. Stable growth at 5.06% means more than 70% growth over a ten year period, making a $500,000 apartment worth $850,000. Median price
Based on population growth, consistent & steady capital growth is expected to continue
$900,000
Individual weekly gross income
High concentration of high wealth individuals
12%
8%
$600,000
4% $300,000
0%
$1000-$1249 $1250-$1499 $1500-$1999
Brunswick East
House
$2000+
31.08.2012 31.08.2013 31.08.2014 31.08.2015 Unit
Source: Australian Bureau of Statistics 2011
Greater Melbourne
Source: Australian Bureau of Statistics 2011
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10 REASONS TO BUY #1 –– G ROWT H
7,700,000
With 100,000 people migrating to Melbourne each year, by 2051 Melbourne is expected to be Australia’s largest city, when the current population of 4.35 million is anticipated to reach 7.7 million. With an average of 2.6 people per household, Melbourne requires an additional 38,000 properties per year to accommodate the growth. #2 –– S M A RT E R
# 4 –– YO U N G E R
45
%
28.6
%
of resident’s in Brunswick East hold a Bachelor degree or higher
of Brunswick East residents are in the prime age for renting
The population in Brunswick East shows that 45% of persons hold Bachelor degrees or higher compared to 24% of Greater Melbourne. Persons with a higher level of education suggest the population is a higher socio economic status meaning they have more disposable income.
Analysis of age groups of Brunswick East shows that there is 28.6% of people aged 25 to 34 compared to 15.4% for Greater Melbourne. This is the ideal demographic for a prospective tenant as this is the typical age profile of when people move out of home and have a higher stable income.
#3 –– WE A LT H I E R
# 5 –– CAP I TAL G ROW T H
17.4
%
Analysis of individual income levels in Brunswick East compared to Greater Melbourne shows that 17.4% of the people earned a higher income (those earning $1,500 per week or more) compared to 12.9% for Greater Melbourne. Signifying a higher level of disposable income in Brunswick East.
5.06
%
Capital growth in Brunswick East has averaged a very healthy 5.06% per annum capital growth consistently over the last ten years. Stable growth at 5.06% means more than 70% growth over a ten year period, making a $500,000 apartment worth $850,000.
#6 –– VA CA N CY RATE S
# 8 –– U N I V E R S I T I E S
2.1
20
%
The vacancy rate in Brunswick East sits at a very modest 2.1% compared to 2.9% in Metropolitan Melbourne. This is almost the natural rate of people moving in and out of a property. #7 –– WA LK S C O R E & F O O D I E S PA RA D I S E
90/100
RIMA has a Walk Score of 90 out of 100. With cafés and parks right on your door step, the location is a walker’s paradise so daily errands do not require a car. Leading food review website Zomato (formerly Urbanspoon) rates Brunswick East one of Melbourne’s hotspots for dining, food and entertainment.
%
Over 20% of persons in Brunswick East are attending an education institution. With the University of Melbourne only 1.8km away and the Royal Melbourne Institute of Technology (RMIT) only 3km away, there will be significant appeal for tenants who require the perfect balance between being close to University and great lifestyle amenity. # 9 –– T R AN S P O RT
#1&8
The number 1 & 8 tram lines are located immediately outside the project on Lygon Street with direct access straight into the CBD and Melbourne University.
#10 –– VA LU E
$9,300sqm
Rima represents fantastic value with an average square metre rate of $9,300. This compares favourably to nearby projects such as 8 Lygon with an average square metre rate of $9,600 and C3 with an average square metre rate of $9,500.
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d ev e l o p e r
b lu e earth g rou p Blue Earth Group property development company has specialised in exceptional apartment projects for more than 20 years. On a remarkable journey from the construction of a single dwelling in 1990 to the compilation of today’s $1 billion project portfolio, excellence has remained a constant – along with an enduring allegiance to quality and design. The firm is committed to thinking imaginatively, treating challenges as opportunities and embracing creativity in every sphere of activity. This abiding passion has received widespread recognition and made a lasting contribution to the built environment. architect
map arc h ite ctu re MAP Architecture’s designs intertwine imagination and thoughtfulness with functionality and efficiency, always maintaining a point of difference. Like RIMA, each project is distinctive and extends the boundaries of architecture within a commercial reality, never compromising on innovation and longevity. The practice’s brand of bold, cutting-edge design relies as much on intuition and insight as it does on cultivating long-term partnerships with clients. Since its inception in 1999, MAP has become a team of 20 experienced, educated and creatively minded staff with a myriad of ideas that meld together to produce a well-balanced whole.
Clockwise from top: Blue Earth Group & MAP – Islington Silos Collingwood; Blue Earth Group – Botanica Balwyn rooftop garden, Gravity Tower South Melbourne, The International Southbank, and United Richmond
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2 2 – 3 0 lyg o n stre et b ru n swi c k e ast vi c to ri a 30 5 7 au str al i a
By BLUE EART H GROUP All images, views, diagrams, research and analysis are indicative or artists’ impressions only. Dimensions, areas, fittings, specifications, landscape and paved areas are indicative and subject to change without notice. Furniture and whitegoods are not included in the price. Purchasers should check the plans and specifications included in the terms of the contract of sale carefully prior to signing the contract. Designed by Studio Caravan.