Young families, including Cliff Ho and two other directors of his co-working business The Commons, have bought apartments in Riverlee’s planned luxury development on the northern bank of Melbourne’s Yarra River.
Mr Ho and his colleagues – part of $100 million-worth of sales so far in the $500 million mixed-used Seafarers project – were not the type of owner-occupier buyers he was expecting, Riverlee director David Lee said.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
