By Nathan Mawby
Every kid needs a bit of help to break into the property market these days.
That’s the view of Melbourne businessman Bill Boyaci.
Faced with the prospect of watching his three daughters move to the other side of Melbourne if they’d made a solo start on the property ladder, he decided he’d rather keep them closer to home.
So he helped each of his girls, Jade, Jamilla and Alyssa, buy an apartment in the Hedgeley Malvern East development by Little Projects.
“It’s getting harder and harder for young kids to purchase around here,” Mr Boyaci said.
“I just thought that it would be a big shift for them to move where they could afford to buy.
“(And) I thought: I’m lucky enough to be able to spend the money on them now. So I figured I’d keep them close to home.”
Mr Boyaci added that he believed most parents in Melbourne would be happy to do the same if they could afford to.
“There’d be plenty of parents who would want to do the same,” he said.
If it sounds like a sweet deal for the kids, there’s a hint of irony. The apartments will be built at what was once home to the Dairy Bell ice cream business on Belgrave Rd.
The Hedgeley Malvern East apartment complex comes with a leafy central atrium and rooftop garden with landscaping by Jack Merlo, as well as architecture and interiors designed to highlight the green spaces on offer.
A render of what the girls might expect from their first homes.
Mr Boyaci said the two-bedroom floorplans had also appealed, giving his daughters a chance to stay in the apartments until they were ready to start their own families.
More importantly, it also offered the chance for his three girls to be neighbours.
“They have their sisters right next door, so if they need help or company, they are just next door,” Mr Boyaci said.
He added that the Hedgeley Malvern East had also stood out thanks to its location.
“We’d looked at quite a few apartments close by, but none of them had this lifestyle feel,” Mr Boyaci said.
“It’s more of a lifestyle than just somewhere to live, with the cafes at the bottom and the rooftop garden and the atrium.”
Storage space also added appeal, while nearby amenities had provided another plus.
“We looked at Caulfield and Carnegie, but nothing stood out like this,” Mr Boyaci said.
“Most apartments I have seen are in a busy street with a bus or a tram, but this has everything. Here you have trams and trains and the park right across the road.”
He said he wasn’t expecting any special Father’s Day presents this year, either.
“Just to tell me they love me … that puts a smile on my face every time,” Mr Boyaci said.
“I don’t need much more.”
And the girls were naturally “very happy” with their father’s generosity.
The Hedgeley Malvern East is located at 60 Belgrave Rd, Malvern East, with construction to begin on May 15 and be completed late in 2018. For inquiries contact Greg Curtis on 0430 448 566 or visit hedgeley.com.au