The market in Melbourne’s South-East Growth Corridor continues to rise. Indicators suggest that low land availability coupled with a lack of affordability in inner suburbs are the drivers behind the region’s high levels of housing demand and increasing land prices.
Seeing a gap in the market for a premium offering that combined quality and affordability, Octave was launched in 2019. By offering a premium product mix comprising larger land lots and townhomes, Octave attracted a diversified purchaser profile including growing families and purchasers looking to enter the market.
Knowing that affordability also extends to ongoing household expenses, high-quality townhomes were introduced to Octave. This holistic view on affordability, by incorporating sustainability initiatives, was aimed at creating a legacy and positive change for the future by maximising comfort and minimising running costs year after year for residents.