Terms

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How it works

  • Secure an apartment in North Melbourne, Northcote or Preston with a 3% deposit, or as little as $10,800.
  • Get rewarded for making a larger deposit: the greater your contribution, the bigger the bonus. See below for further details.

Details

  • The initial deposit upon signing the contracts must be a minimum 3% (Minimum Deposit Amount).
  • Purchasers can make one additional deposit any time after signing, for a period of 18 months.
  • Multiple additional deposits will not be accepted.
  • Total deposits cannot exceed 10% of the contract price.
  • For deposits greater than 3%, the purchaser is entitled to a rebate that reduces the balance paid by the purchaser at settlement. The rebate will be calculated as follows:
  • 7% payable on deposited funds paid in excess of the Minimum Deposit Amount (calculated on a per annum basis), for the period commencing on the date the purchaser executed their contract to date that settlement is called in accordance with the contract.
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Intelligent Living in North Melbourne

Inner city living at its best

The third collaboration between MAB and MCR, Academy showcases an innovative design underpinned by four individual, low-rise apartment buildings separated by a welcoming, leafy piazza.

5 Star Green Star certified and 7 Star NatHERS rated, the best-in-class sustainability features also ensure your apartment will operate carbon neutral, delivering tangible benefits to the resident and the environment.

Set within the leafy Hotham Hill precinct of North Melbourne, everything is you need is within walking distance. Restaurants and cafes, parks, walking trails and transport to the city is at your fingertips.

Academy offers all the conveniences of inner-city living, set within a leafy, residential neighbourhood flush with parks, gardens and local haunts to explore.

  • Walk everywhere
    North Melbourne’s best location where everything you need is short stroll away.
  • Easy public transport
    A tram stop outside and train station a short walk away. Too easy.
  • Rooftop Gardens
    Kick back in your private rooftop garden with views of the CBD.
  • Sustainable apartments 
    5 Star Green Star certified, 7 Star NatHERS rated and will operate carbon neutral.