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The Legislative Assembly yesterday agreed to the amendments proposed by the Legislative Council after the third reading of the <a href="http://www.legislation.vic.gov.au/domino/Web_Notes/LDMS/PubPDocs.nsf/ee665e366dcb6cb0ca256da400837f6b/bd7ef38ce1a4b425ca257e6d00170ff2!OpenDocument">Infrastructure Victoria Bill 2015</a>. Once the Governor has lent her signature to the bill, the way will be paved for the creation of Infrastructure Victoria.

<blockquote class="twitter-tweet" data-partner="tweetdeck">
The Parliament passed 5 bills today <a href="http://t.co/V75wHdEdsq">http://t.co/V75wHdEdsq</a> Next they go to the Governor for royal assent <a href="https://twitter.com/hashtag/springst?src=hash">#springst</a>
— Victorian Parliament (@VicParliament) <a href="https://www.propertyobserver.com.au/https://twitter.com/VicParliament/status/639371853727862784">September 3, 2015</a>
</blockquote>
<script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>Much of the rhetoric to date has centred around Infrastructure Victoria needing to be independent of Government and while the legislation sets out the boundaries of its independence, the seven member board will have a minority of three Department heads as ex officio directors and a majority of four independent directors. The <a href="http://www.legislation.vic.gov.au/domino/Web_Notes/LDMS/PubPDocs.nsf/ee665e366dcb6cb0ca256da400837f6b/BD7EF38CE1A4B425CA257E6D00170FF2/%24FILE/581105exi1.pdf">explanatory memorandum</a> for the bill explains this as follows:

<blockquote>
The inclusion of Department Heads on the board ensures Infrastructure Victoria is able to receive input from the public sector. However, the composition of the board safeguards Infrastructure Victoria's independence by ensuring these Department Heads are a minority of board members
</blockquote>

Infrastructure Victoria will be required to create a 30-year infrastructure strategy which assesses the current state of infrastructure in the state and identifies Victoria's infrastructure needs and priorities over the 30 year period. Furthermore the legislation requires the Government to provide a formal response to the 30-year strategy by creating and then publishing a five-year infrastructure plan within 12 months of Infrastructure Victoria releasing its 30-year strategy.

The Government's response and five-year plan must also identify the priority projects "including an explanation of how the priority projects will achieve the social, economic and environmental objectives stated in the 30-year infrastructure strategy".

Public consultation on the 30-year strategy is enshrined in law requiring Infrastructure Victoria to run a public consultation process when the initial 30-year strategy is drafted and if Infrastructure Victoria subsequently updates the plan in future. Infrastructure Victoria will furthermore be keeping tabs on the Government as the body will be required to publish a report measuring progress against the Government's five-year infrastructure plan in its Annual Report.

In commentary in the Assembly on Thursday, the Minister for Public Transport, Jacinta Allan, gave a run down on the amendments the Government was agreeing to.

First amongst the amendments, according to the Minister, was to include clarifying statements in the legislation relation to Infrastructure Victoria needing to research the benefits and costs of infrastructure, not just the benefits.

Secondly the Minister said an amendment moved by the Greens that "requires Infrastructure Victoria to research the impact of climate change on infrastructure, including the measurement of greenhouse gas emissions" had been agreed to. The Minister furthermore said "this research area is indicative rather than prescriptive but it obviously includes the addition of the opportunity to look at the impact of climate change on infrastructure that is being considered".

Other amendments mentioned by the Minister in <a href="http://www.parliament.vic.gov.au/images/stories/daily-hansard/Assembly_2015/Assembly_Aug-Dec_2015_Daily_3_September_2015.pdf">hansard</a> relate to the requirement that directors sitting on Infrastructure Victoria's board have private sector experience and that Infrastructure Victoria's first 30-year infrastructure must be released by the 31st of December 2016.

<figure><a href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/ivbroc2.jpg" title="A comparison of similar bodies from the Victorian Government's Infrastructure Victoria brochure" class="colorbox colorbox-insert-image" rel="gallery-all"><img src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/ivbroc2.jpg?itok=BWAlltAB" width="580" height="547" alt="" title="A comparison of similar bodies from the Victorian Government's Infrastructure Victoria brochure" class="image-article-full-width-580px"></a>
<figcaption>A comparison of similar bodies from the <a href="http://www.dpc.vic.gov.au/images/documents/Infrastructure_Victoria/Infrastructure_Victoria_brochure_June_2015.pdf">Victorian Government's Infrastructure Victoria brochure</a></figcaption></figure>
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Alastair Taylor

And on the third day... Infrastructure Victoria was born

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Feedback submissions on Spring Street's Victoria's Future Industries: Construction Technologies discussion paper are closing on the 21st of September.

The <a href="http://yoursay.business.vic.gov.au/futureindustries/application/files/4214/4064/6886/9212_DEDJTR_VFI_Construction_Tech_Paper_WEB2.pdf">paper</a> and the subsequent feedback the State Government is inviting will aid in the development of a Victorian construction industry technologies strategy.

According to the discussion paper, the construction sector in Victoria employs almost 240,000 people and contributes 6.7% or $21.6 billion to the States Gross State Product and this includes residential and non-residential construction activity.

<blockquote>
The Victorian Government has identified the construction materials and technologies industries as one of a number of sectors strategically important for the State. Firms in these industries provide inputs into the construction sector, which is both an important enabler in the Victorian economy and a significant sector in its own right.

This paper outlines how the performance of the construction technologies sector might be improved and identifies a number of areas for stakeholders to further consider:

<ul>
<li>Capitalising on Melbourne’s status as the world’s most liveable city.</li>
	<li>Capturing the demonstration benefit from green, smart projects.</li>
	<li>Accelerating the uptake of new materials and technologies.</li>
	<li>The role of government in the take up of Building Information Modelling.</li>
	<li>Establishing Victoria as Australia’s centre of excellence for off-site construction technologies and businesses.</li>
	<li>Utilising the strength of Victoria’s research base for the benefit of the building materials and building technology industries.</li>
	<li>Getting better at exporting and managing the import challenge</li>
</ul>
<cite>Construction Technologies discussion paper - Executive Summary</cite>
</blockquote>

You could be forgiven for having difficulty trying to wrap your head around what a status bestowed on Melbourne by a foriegn economics magazine has to do with improved construction technologies; nevertheless, the other points listed above are bound to invite robust discussion.

To lodge feedback, see the details on <a href="http://yoursay.business.vic.gov.au/futureindustries/construction-technologies">the Business Victoria website</a>.
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Feedback submissions on Construction Technologies discussion paper closing September 21st

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Melbourne's tram network is the largest in the world measured by <a href="https://en.wikipedia.org/wiki/Tram#Largest_tram_systems">track length</a>.

<table border="1" cellpadding="1" cellspacing="1" style="width:100%;">
<thead><tr>
<th scope="col">City</th>
			<th scope="col">Network Size (track length)</th>
		</tr></thead>
<tbody>
<tr>
<td><a href="https://en.wikipedia.org/wiki/Trams_in_Melbourne">Melbourne</a></td>
			<td>250km</td>
		</tr>
<tr>
<td><a href="https://en.wikipedia.org/wiki/Kharkiv_tram">Kharkiv</a></td>
			<td>232km</td>
		</tr>
<tr>
<td><a href="https://en.wikipedia.org/wiki/Trams_in_Saint_Petersburg">St. Petersburg</a></td>
			<td>220km</td>
		</tr>
<tr>
<td><a href="https://en.wikipedia.org/wiki/Trams_in_Berlin">Berlin</a></td>
			<td>190km</td>
		</tr>
<tr>
<td><a href="https://en.wikipedia.org/wiki/Trams_in_Moscow">Moscow</a></td>
			<td>181km</td>
		</tr>
<tr>
<td><a href="https://en.wikipedia.org/wiki/Trams_in_Vienna">Vienna</a></td>
			<td>172km</td>
		</tr>
</tbody>
</table>
Despite Melbourne's tram network being larger, Berlin's Straßenbahn network had roughly the same amount of passengers trips as Melbourne and Vienna's network was well ahead of both Melbourne &amp; Berlin in the 2013-2014 period.

<table border="1" cellpadding="1" cellspacing="1" style="width:100%;">
<thead><tr>
<th scope="col">Melbourne</th>
			<th scope="col">Berlin</th>
			<th scope="col">Vienna</th>
		</tr></thead>
<tbody>
<tr>
<td>173,400,000 passenger trips</td>
			<td>174,700,000 passenger trips</td>
			<td>293,600,000 passenger trips</td>
		</tr>
<tr>
<td><a href="https://en.wikipedia.org/wiki/Trams_in_Melbourne">Source</a></td>
			<td><a href="https://en.wikipedia.org/wiki/Trams_in_Berlin#cite_note-ZP2014-5">Source</a></td>
			<td><a href="https://en.wikipedia.org/wiki/Trams_in_Vienna">Source</a></td>
		</tr>
</tbody>
</table>
Six of Melbourne's 23 routes have more than 10,000,000 passenger trips per annum:

<table border="1" cellpadding="1" cellspacing="1" style="width:100%;">
<thead><tr>
<th scope="col">Route</th>
			<th scope="col">Annual Passenger Trips</th>
		</tr></thead>
<tbody>
<tr>
<td>#109 - Box Hill to Port Melbourne</td>
			<td>15,600,000</td>
		</tr>
<tr>
<td>#86 - Bundoora RMIT to Waterfront City Docklands</td>
			<td>15,500,000</td>
		</tr>
<tr>
<td>#96 - St Kilda Beach to East Brunswick</td>
			<td>15,400,000</td>
		</tr>
<tr>
<td>#112 - West Preston to St Kilda*</td>
			<td>12,300,000</td>
		</tr>
<tr>
<td>#19 - North Coburg to City</td>
			<td>11,400,000</td>
		</tr>
<tr>
<td>#59 - Airport West to City</td>
			<td>10,200,000</td>
		</tr>
</tbody>
</table>
* I assume the data available on Yarra Tram's <a href="http://www.yarratrams.com.au/about-us/who-we-are/facts-figures/">website</a> reflects statistics before the recent route split.

<h2>Did you also know…</h2>

…finding passenger trip statistics for an 'average weekday' on trams, trains and buses in Melbourne is a convoluted and inaccurate process?

Today's strike has taken place during the middle of the day, between the peaks and it is therefore safe to say that we have avoided a proper #trampocalypse - as many on social media are calling and hashtagging it.

However, without access to readily available data on daily passenger trips on trams for more accurate predictions to be made about the effect the strike has had, reports will be vague on the subject.

Prime example: Yarra Tram's paints woefully inadequate picture of patronage numbers on its <a href="http://www.yarratrams.com.au/about-us/who-we-are/facts-figures/">website</a>. "There are approximately 3.5 million passenger trips taken on the Yarra Trams network every week - including more than 500,000 on weekends".

And even then things don't add up.

If we manually total the numbers in the per-route breakdown (the top six are in the table above) we're left with 179,000,000 passenger trips. And yet their statement, located just above the per-route breakdown, on "3.5 million passenger trips per week" would total 182,000,000 if we attempted to arrive at an annual figure (multiply 3.5 million by 52).

PTV's annual report from 2013-2014 states there were 176.9 million passenger trips taken on trams - there's quite a variety of numbers floating about, but no central "single source of truth" that is regularly updated to get a better picture on the state of patronage.

<h2>Editor's pick of today's social media posts</h2>

<blockquote class="twitter-tweet" data-partner="tweetdeck">
Looking north and south from Fed Square <a href="https://twitter.com/hashtag/Tramstrike?src=hash">#Tramstrike</a> (ping <a href="https://twitter.com/774melbourne">@774melbourne</a>) <a href="http://t.co/mhLibTtMJW">pic.twitter.com/mhLibTtMJW</a>
— Courtney Carthy (@ccarthy) <a href="https://www.propertyobserver.com.au/https://twitter.com/ccarthy/status/636716463475154945">August 27, 2015</a>
</blockquote>

<blockquote class="twitter-tweet" data-partner="tweetdeck">
What's wrong with this picture? <a href="https://twitter.com/hashtag/tramstrike?src=hash">#tramstrike</a> <a href="http://t.co/zMyjNImvwY">http://t.co/zMyjNImvwY</a> <a href="http://t.co/1s7GAFK5Wo">pic.twitter.com/1s7GAFK5Wo</a>
— The Age (@theage) <a href="https://www.propertyobserver.com.au/https://twitter.com/theage/status/636693598520524803">August 27, 2015</a>
</blockquote>
<script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script><blockquote class="twitter-tweet" lang="en">
<a href="https://twitter.com/hashtag/top10?src=hash">#top10</a> ways to get to work during <a href="https://twitter.com/fakeyarratrams">@fakeyarratrams</a> <a href="https://twitter.com/hashtag/TramStrike?src=hash">#TramStrike</a> no 1. Horse and Cart <a href="http://t.co/qTepFZDFzg">pic.twitter.com/qTepFZDFzg</a>
— Hipstergeddon (@hipstergeddon) <a href="https://www.propertyobserver.com.au/https://twitter.com/hipstergeddon/status/636658396465205248">August 26, 2015</a>
</blockquote>
<script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script><blockquote class="twitter-tweet" lang="en">
<a href="https://twitter.com/hipstergeddon">@hipstergeddon</a> No.4. Street Slide. <a href="http://t.co/EJhWnz2vUu">pic.twitter.com/EJhWnz2vUu</a>
— Fake Yarra Trams (@fakeyarratrams) <a href="https://www.propertyobserver.com.au/https://twitter.com/fakeyarratrams/status/636663506025099266">August 26, 2015</a>
</blockquote>
<script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>Lead image credit: Wikipedia.
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Melbourne's tram network: did you know?

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Spring Street via VicRoads on Monday 24th August, invited the community to provide feedback on the future of the <a href="https://www.vicroads.vic.gov.au/planning-and-projects/melbourne-road-projects/punt-road-hoddle-street">Hoddle Street-Punt Road corridor</a>.

The State Government media release states:

<blockquote>
The Labor Government wants to hear from motorists, cyclists and public transport users who use the corridor as well as local residents and business owners.

The local communities’ views and the thousands of people who use the corridor every day as a bypass, a distributer and a crossing point, as well as residents and business owners in the area, are a vital part of investigations into traffic management improvements which will be made over the next two to four years.

The community can use an online mapping tool on the VicRoads website to provide feedback on their experiences along particular parts of the corridor.
<cite>Media Release from Minister for Roads, Luke Donnellan</cite>
</blockquote>

VicRoads profiles two individual projects which are investigating options for improvements in both the <a href="https://www.vicroads.vic.gov.au/planning-and-projects/melbourne-road-projects/punt-road-hoddle-street/hoddle-street--streamlining-initiative">Hoddle Street</a> and <a href="https://www.vicroads.vic.gov.au/planning-and-projects/melbourne-road-projects/punt-road-hoddle-street/punt-road-investigations">Punt Road</a> sections.

The increasingly ubiquitous map open for the community to add their commentary already has a large number of submissions with a mix of sustainable transport versus private vehicle commentary.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/vic_roads_comm_consult_map.png" rel="gallery-all" title="Screenshot of VicRoads' community consultation map"><img alt="" class="image-article-full-width-580px" height="362" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/vic_roads_comm_consult_map.png?itok=Ir9dsnb6" title="Screenshot of VicRoads' community consultation map" width="580"></a>

<figcaption>Screenshot of VicRoads' community consultation <a href="http://consult.vicroads.vic.gov.au/hoddle-street-punt-road-consultation/maps/hoddle-punt-corridor-map">map</a></figcaption></figure>To participate and provide your own feedback on the Hoddle Street-Punt Road corridor investigations, see <a href="http://consult.vicroads.vic.gov.au/hoddle-street-punt-road-consultation">VicRoad's website</a>.

Lead image credit: UM user MelbourneGuy.
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Have your say: Hoddle Street-Punt Road corridor

<html><body>
Here's a round-up of construction highlights posted on the Apartments.com.au forum this month. As always, click the images for a larger version.

UM user MelbourneGuy posted this image in the <a href="/news">St Kilda/Port Melbourne forum thread</a> recently showing the near-complete Icon by Pace Development with Caydon's Pace Development's Icon S.T.K. apartments looming in the background.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/melb_guy_icon_caydon.jpg" rel="gallery-all" title="Looking south from the corner of Toorak and Punt Roads, by UM user MelbourneGuy"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/melb_guy_icon_caydon.jpg?itok=ZFSckgR6" title="Looking south from the corner of Toorak and Punt Roads, by UM user MelbourneGuy" width="580"></a>

<figcaption>Looking south from the corner of Toorak and Punt Roads, by UM user MelbourneGuy</figcaption></figure>The Victorian Comprehensive Cancer Centre feels like it was designed to delight construction watchers like us - VCCC is a big favourite for UM forum users with images frequently posted in the <a href="/news">Carlton &amp; Parkville forum thread</a>.  The image below is from earlier on in August and by editor Mark Baljak.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/img_5281.jpg" rel="gallery-all" title="The VCCC from Flemington Road - image by editor Mark Baljak"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/img_5281.jpg?itok=BZrMk2P0" title="The VCCC from Flemington Road - image by editor Mark Baljak" width="580"></a>

<figcaption>The VCCC from Flemington Road - image by editor Mark Baljak</figcaption></figure>United Asia Group's North at 19-33 Flemington Road which has seen over 3000 hits on our Project Database page is powering along on Flemington Road opposite the VCCC. Image by editor Mark Baljak.  Also worthy of note is the video created for marketing the project, check it out on <a href="https://www.propertyobserver.com.au/https://player.vimeo.com/video/79928699">vimeo</a>.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/img_5778.jpg" rel="gallery-all" title="North at 33 Flemington Road - image by editor Mark Baljak"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/img_5778.jpg?itok=zX6svLZ3" title="North at 33 Flemington Road - image by editor Mark Baljak" width="580"></a>

<figcaption>North at 33 Flemington Road - image by editor Mark Baljak</figcaption></figure>Ryan Seychell, who also runs the <a href="https://instagram.com/urbanmelbourneau/">Urban.com.au Instagram account</a>, took a smattering of photos of the newly opened The Grid @ 567 Collins street last week - check out all the images in <a href="/news">567 Collins Street's dedicated forum thread</a>.  

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/77c4bea98d5372fc91394df21b0b54d1.jpg" rel="gallery-all" title="The Grid at 567 Collins Street - image by Ryan Seychell"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/77c4bea98d5372fc91394df21b0b54d1.jpg?itok=P-KOpF-v" title="The Grid at 567 Collins Street - image by Ryan Seychell" width="580"></a>

<figcaption>The Grid at 567 Collins Street - image by Ryan Seychell</figcaption></figure>Ryan also took these recent images of 888 Collins Street in Docklands - on the corner of Collins &amp; Bourke Street - see the full set in the dedicated <a href="/news">888 Collins Street forum thread</a>.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/ca5ed5e38e3624845e6c544511e1f66c.jpg" rel="gallery-all" title="888 Collins Street - image by Ryan Seychell"><img alt="" class="image-article-full-width-580px" height="870" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/ca5ed5e38e3624845e6c544511e1f66c.jpg?itok=MwzhYlGy" title="888 Collins Street - image by Ryan Seychell" width="580"></a>

<figcaption>888 Collins Street - image by Ryan Seychell</figcaption></figure><a href="/news">The Australia 108 forum thread</a> is likely to be referenced a lot over the coming years - primarily because it's dedicated to an enormous project.  Ryan took this image of the site on the 13th of August.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/bd483d3677a881df57e4cd1c7605588d.jpg" rel="gallery-all" title="How skyscrapers begin their lives - Australia 108 site - image by Ryan Seychell"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/bd483d3677a881df57e4cd1c7605588d.jpg?itok=KkrUcDLL" title="How skyscrapers begin their lives - Australia 108 site - image by Ryan Seychell" width="580"></a>

<figcaption>How skyscrapers begin their lives - Australia 108 site - image by Ryan Seychell</figcaption></figure>West Side Place now has a tall display suite - image by UM user Adrian back on the 8th of August.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/54bdb791b1d276f92fc54486c7e9aa00.jpg" rel="gallery-all" title="Westside Place's display suite - image by UM user Adrian"><img alt="" class="image-article-full-width-580px" height="435" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/54bdb791b1d276f92fc54486c7e9aa00.jpg?itok=brYUgUi6" title="West Side Place's display suite - image by UM user Adrian" width="580"></a>

<figcaption>West Side Place's display suite - image by UM user Adrian</figcaption></figure>Lead image is 131 Russel Street by Ryan Seychell - see the full set in the <a href="/news">131 Russel Street forum thread</a>.
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Melbourne construction highlights - August

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One of the major changes to planning during the term of the last Victorian Government was the implementation of <a href="/news/planning-minister-approves-new-residential-zones-in-39-victorian-lgas">new residential and commercial zones</a> right throughout <a href="/news/planning-minister-approves-new-residential-zones-in-39-victorian-lgas">metropolitan and regional areas</a>.

The new planning zones were designed to provide clarity to the community and also to developers in order for them to make investment decisions with a clear understanding of what can be built on the sites they purchase.

One developer which is working away in the General Residential and Residential Growth Zones is <a href="http://www.samuel.com.au/">Samuel Property</a>.

To date Samuel Property have begun development of two projects: Vela in Blackburn and Lennox Glen Iris. Apartments.com.au recently chatted with Illan Samuel who is head of the company and some interesting planning anecdotes came out of the conversation.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/lennox.jpg" rel="gallery-all" title="Lennox Glen Iris. © Samuel Property"><img alt="" class="image-article-full-width-580px" height="337" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/lennox.jpg?itok=XRuU3Ah1" title="Lennox Glen Iris. © Samuel Property" width="580"></a>

<figcaption>Lennox Glen Iris. © Samuel Property</figcaption></figure>Lennox, located at 25 Belmont Avenue North in Glen Iris, was initially targeted at the downsizer market and four weeks out from kicking off the marketing campaign for the project, a decision was made to switch direction and target young professionals.

All 20 apartments were sold in 4-5 weeks and it attracted “very much a hyper-local buyer pool - young people who were either renting or originally grew up in the area - and no offshore buyers” according to Samuel.

Illan Samuel told Apartments.com.au that development sites in side streets right near main strips are preferred; buyers like being close to the action but not directly on the main drag as it were. Lennox in Glen Iris and Vela in Blackburn fit this bill.

Take this <a href="http://planningschemes.dpcd.vic.gov.au/__data/assets/pdf_file/0007/194614/whitehorse02zn.pdf">map of zones</a> for the Blackburn area in Whitehorse, Vela Blackburn as seen in the render below is located at 4 Station Street, just off Whitehorse Road and right inside the <a href="http://planningschemes.dpcd.vic.gov.au/schemes/whitehorse/ordinance/32_07s03_whse.pdf">RGZ3</a> zone. Lennox in Glen Iris located at 25 Belmont Avenue North comes under <a href="http://planningschemes.dpcd.vic.gov.au/schemes/stonnington/ordinance/32_08s10_ston.pdf">GRZ10</a> according to <a href="http://planningschemes.dpcd.vic.gov.au/__data/assets/pdf_file/0007/191743/stonnington06zn.pdf">Stonnington zone maps</a> for Glen Iris.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/apartments4.jpg" rel="gallery-all" title="Vela Blackburn. © Samuel Property"><img alt="" class="image-article-full-width-580px" height="330" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/apartments4.jpg?itok=7vqlzmIm" title="Vela Blackburn. © Samuel Property" width="580"></a>

<figcaption>Vela Blackburn. © Samuel Property</figcaption></figure>Vela in Blackburn, like Lennox in Glen Iris, has sold out of its 24 apartments and Illan told Apartments.com.au the sales campaign drew in a lot of local buyers.

As is the custom when Apartments.com.au asks developers about future plans, there was a lot of coyness, but Illan did tell us that a similar profile development - side street just off a main strip in RGZ or GRZ - is currently at planning in Glen Eira.

Vela in Blackburn is already under construction and Lennox Glen Iris is set to commence construction in October.

<h2>Comment</h2>

There is still, no doubt, scope to improve the planning zones further. For instance, encouraging (forcing?) councils to apply them to more areas in their LGA and experimenting with other "carrot or the stick" tools like density bonuses which might allow developers to build an extra level in exchange for affordable or social housing components in developments located in any General Residential or Residential Growth Zone.

Regardless, it is encouraging to see capital seek out these development opportunities and from early-adopter and entrepreneurial developers as well; as it is the little things, built in high volume, that are going to count over the long run if Melbourne is to reach the goal of diversifying its residential stock as we grow over the coming decades.

Lead image credit: Lennox Glen Iris location, <a href="http://www.lennoxgleniris.com.au/video">Samuel Property</a>.
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Samuel Property and the new residential zones

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<blockquote>
Cities are the foundation on which modern society comes together to share, develop and exploit ideas for the betterment of everyone. Humans and the built environment are in a never ending symbiotic relationship with each other in the great cities of the world and Apartments.com.au seeks to create a content rich meeting place for the wider Melbourne community and urban development industry stakeholders – developers, architects, urban planners, sales agents – to come together and discuss, critique, admire and ultimately project an image of how they wish to see their city grow in the future.

Our city's motto - Vires acquirit eundo - specifically states we gather strength as we go, and to go, or more contextually relevant grow, we must do so sensibly and sustainably around a framework of core urban, rather than suburban, principles that drive growth into areas which maximise the usage of existing land based in suitable urban corridors.
<a href="/about#manifesto"><cite>Urban.com.au manifesto</cite></a>
</blockquote>

I would normally say any time is as good a time as any to debate the future direction of our city but days such as this are a good time to reflect on the past and recommit to stated - written or oral - goals.

To a grander, sustainable, tolerant, entrepreneurial and most definitely more urban Melbourne!

http://melbourneday.com.au/

Lead image credit: <a href="https://www.propertyobserver.com.au/http://www.panoramio.com/photo/4728150">Panoramio</a>.
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Vires Acquirit Eundo: Melbourne 180

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This morning marks a new beginning for Tullamarine with the phased opening of the new Terminal 4 starting today.

According to a <a href="http://www.t4you.com.au/wp-content/uploads/2015/08/FINAL-Mel-Air-Fact-Sh-T4-low-res.pdf">fact sheet</a> posted on T4's dedicated website - www.t4you.com.au - the terminal is "the first terminal in the Asia Pacific region to open as a complete self-service operation", referring to the self-service check-in kiosks and automated bag-drop facilities.

There has also been a departure from the norm in terms of accessing the terminals as well: check-in / bag-drop and arrivals baggage claim are all on the ground floor rather than being split between ground and upper floors as is common in the three other terminals at Tullamarine and other airports around Australia. As shown in the video below, after check-in passengers are required to head to the upper floor for the security check and departure lounges.

<iframe allowfullscreen="" frameborder="0" height="315" scrolling="no" src="https://www.youtube.com/embed/ubM-uU44lhc" width="100%"></iframe>

According to a Melbourne Airport spokesperson, the existing Tiger terminal check in and baggage claim (the infamous tin shed) areas are now being refurbished and Tiger Airways will be moved back into its original home after the refurbishment has been completed. This new work on the existing Tiger terminals will see the original facilities seamlessly connected to the new T4 building.

Jetstar and Rex will be operating from T4 in the "coming months" according to the fact sheet.

The terminal has a capacity for 10,000,000 passengers per year (or roughly one third of the passengers that currently fly in and out of Tullamarine annually at present) and over 30 retail and dining outlets will be located in the terminal when it's fully occupied. The new car parking facility that was under construction at the same time as T4 will open in coming months as well.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/150817-terminal-4_mprebeg_low-res_10-1500x1000.jpg" rel="gallery-all" title="The check-in area of T4, image from www.t4you.com.au"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/150817-terminal-4_mprebeg_low-res_10-1500x1000.jpg?itok=IAVhpqfW" title="The check-in area of T4, image from www.t4you.com.au" width="580"></a>

<figcaption>The check-in area of T4, image from www.t4you.com.au</figcaption></figure>It's not hard to see why Tullamarine Airport has felt like a perpetual construction site for the past decade - with T2 (International) expansion and now the brand new T4 low-cost terminal - one need only look at the data available for passengers movements at the airport.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/mel_air_1985_2014.jpg" rel="gallery-all" title="Melbourne's Tullamarine Airport passenger movements 1985-2014"><img alt="" class="image-article-full-width-580px" height="299" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/mel_air_1985_2014.jpg?itok=tWD1AhDe" title="Melbourne's Tullamarine Airport passenger movements 1985-2014" width="580"></a>

<figcaption>Melbourne's Tullamarine Airport passenger movements 1985-2014</figcaption></figure>In 1985 when the data series available on <a href="https://bitre.gov.au/publications/ongoing/airport_traffic_data.aspx">BITRE's website</a> begins, there were 5.1 million domestic passengers, 1.2 million international passengers rounding up to a total of 6.3 million passengers. Interestingly international passengers at Tullamarine in 1985 represented 23% of all passengers passing through the airport.

Fast forward to 2014 and there were 23.3 million domestic passengers and 8 million international passengers totalling 31.4 million. In 2014 international passengers represented 34% of all passengers flying in and out of Tullamarine.

It took Tullamarine 12 years to move from 10 million passengers to the 20 million mark and it took nine years for Tullamarine to go from 20 million passengers to 30 million.
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The new T4 at Tullamarine opens

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The following is an abstract from the "<a href="https://www.propertyobserver.com.au/http://apo.org.au/node/55361">Making Apartments Affordable - moving from speculative to deliberative development</a>" paper published by Swinburne University in late June. Apartments.com.au will let the paper do the talking and we likewise recommend all development industry participants from the CEO level to the analyst level download the paper from <a href="https://www.propertyobserver.com.au/http://apo.org.au/node/55361">Australian Policy Online</a>.

The paper's authors are <a href="http://www.swinburne.edu.au/health-arts-design/staff-profiles/view.php?who=asharam">Dr Andrew Sharam</a> - Research Fellow at Swinburne Institute for Social Research; <a href="http://staff.qut.edu.au/staff/bryantl2/">Dr Lyndall Bryant</a> - Property Economics lecturer at Queensland University of Technology; and <a href="https://theconversation.com/profiles/tom-alves-178987">Dr Tom Alves</a> - adjunct Research Fellow at Swinburne Institute for Social Research and Senior Adviser at <a href="http://www.ovga.vic.gov.au/">OVGA</a>.

<h2>Abstract</h2>

Urban planning policies in Australia presuppose apartments as the new dominant housing type, but much of what the market has delivered is criticised as over-development, and as being generic, poorly-designed, environmentally unsustainable and unaffordable. Policy responses to this problem typically focus on planning regulation and construction costs as the primary issues needing to be addressed in order to increase the supply of quality, affordable apartment housing.

In contrast, this paper uses Ball’s (1983) ‘structures of provision’ approach to outline the key processes informing apartment development and identifies a substantial gap in critical understanding of how apartments are developed in Australia. This reveals economic problems not typically considered by policymakers.

Using mainstream economic analysis to review the market itself, we find high search costs, demand risk, problems with exchange, and lack of competition present key barriers to achieving greater affordability of apartments and limit the extent to which ‘speculative’ developers can respond to the preferences of would-be owner-occupiers. The existing development model, which is reliant on capturing uplift in site value, suits investors seeking rental yields in the first instance, and subsequently capital gains, and actively encourages housing price inflation. This is exacerbated by lack of density restrictions, such as has been the case in inner Melbourne for many years, which permits greater yields on redevelopment sites.

The price of land in the vicinity of such redevelopment sites is pushed up as landholders' expectation of future yield is raised. All too frequently, existing redevelopment sites go back onto the market as vendors seek to capture the uplift in site value and exit the project in a risk-free manner.

This paper proposes three major reforms, which together would enable development of better, more affordable apartments for housing consumers:

<ul>
<li>Firstly, that the market for apartment development be re-designed, following insights from the economic field of ‘Market Design’ (a branch of Game Theory). A two-sided matching market for new apartments is proposed, where demand-side risks can be mitigated via consumer aggregation.</li>
	<li>Secondly, consumers should be empowered through support for ‘deliberative’ and ‘do-it-yourself’ (DIY) development models, in order to increase competition, expand access, and promote responsiveness to consumer needs and preferences. A ‘Smart Housing Market’ is proposed to broker the necessary connections and simplify the process.</li>
	<li>Finally, planning schemes need to impose density restrictions (in the form of height limits, floor space ratios or bedroom quotas, for example) in localities where housing demand is high, in order to dampen speculation and de-risk development by creating certainty. Restrictions on over-development on larger infill sites can be offset by permitting intensification of ‘greyfield’ suburbs. Aggregating existing housing lots to enable precinct regeneration with moderate height and density increases would permit better use of airspace thus allowing design outcomes that can optimise land use while retaining neighbourhood amenity.</li>
</ul>
To download the full paper, visit <a href="https://www.propertyobserver.com.au/http://apo.org.au/node/55361">Australian Policy Online</a>.
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Making apartments affordable: moving from speculative to deliberative development

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The State's primary population projection report was released last Friday and key amongst the more noteworthy numbers is Victoria's projected population, which is expected to hit 10 million people by 2051.

The Victoria in Future (VIF) 2015 report is the official State government projection of population and households with "Projections used by decision markets across government and in other areas" according to the <a href="http://www.delwp.vic.gov.au/__data/assets/pdf_file/0018/308511/Victoria-in-Future-2015-WEB.pdf">opening pages of the report</a>.

One of the key differences between the Victoria in Future report projections and official <a href="https://www.propertyobserver.com.au/http://www.abs.gov.au/ausstats/abs@.nsf/mf/3222.0">ABS Estimated Resident Projections</a> is that the VIF report is more detailed geographically than the ABS equivalent. "The smallest areas in the ABS projections are the Capital City and Rest of State statistical areas. VIF 2015 provides projections of population and households for Victoria, Greater Melbourne, the eight SA4s in Victoria's Regions and the 79 Local Government Areas in Victoria".

In the year since the release of the prior Victoria in Future report, the underlying total population projection for the state in 2051 has changed only slightly: 10.008 million (2015 projection) versus 10.011 million (2014 projection).

For the Greater Melbourne Capital City Area - a.k.a. the metropolitan area - the latest VIF report projects the population will be:

<ul>
<li>in 2021: 5,078,400</li>
	<li>in 2031: 5,982,800</li>
	<li>in 2041: 6,893,900</li>
	<li>in 2051: 7,849,400</li>
</ul>
The annual population change for Melbourne expressed as a percentage is projected to slowly decline over the coming decades:

<ul>
<li>2011-2021: 2% change per annum</li>
	<li>2021-2031: 1.7% change per annum</li>
	<li>2031-2041: 1.4% change per annum</li>
	<li>2041-2501: 1.3% change per annum</li>
</ul>
In terms of breaking down the various Local Government Areas (LGA's) and looking at the population projections in greater detail, the VIF report only includes projections out to 2031. "Inner Melbourne" consists of the Cities of Melbourne, Port Phillip, Yarra, Stonnington and Maribyrnong. These chosen LGA's in 2011 had a combined population of 450,500. In 2021 they're projected to have a combined population of 611,300 and in 2031 the population is projected to be 734,300.

The projections for City of Port Phillip look set to change over time given that this LGA will be bearing the brunt of the population growth from Fishermans Bend. The VIF report has Port Phillip in 2011 with a population of 75,200 and projects the population in 2021 will be 117,700 and in 2031, 140,500; a little on the conservative side I would think.

There's a lot of lag when it comes to these projections but I'm willing to bet that future reports will probably increase the Port Phillip numbers markedly as the first projects in Fishermans Bend begin seeing residents move in.

You can view the report, FAQs and glossary on <a href="http://www.delwp.vic.gov.au/planning/forward-policy-and-research/victoria-in-future-population-and-household-projections?remap=delwp.vic.gov.au/victoria-in-future">DELWP's website</a>.
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Victoria in Future 2015 report released

Repeat buyers are one of the strongest measures of confidence in any apartment development.

At <a href="https://www.apartments.com.au/new-apartments/era-newcastle-west-124-126-bull-street-newcastle-west-nsw-2302">ERA</a> in Newcastle West, some purchasers are returning to <a href="https://www.apartments.com.au/developers/gwh">GWH</a> after living at the developer's One Apartments. Their decision to purchase again was driven by the quality of life they found after moving into their first GWH home.

Keith Wilton had spent years living in a house in East Maitland before deciding it was time for a change. Apartment living had always been on his radar, but he was selective about what he wanted.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/FH_1EzB-1vs?si=XScVlP1ERsTDJoME" title="YouTube video player" width="560"></iframe>

"I had some boxes I wanted to tick," he says.

Keith points to the open-plan design, generous outdoor areas and considered inclusions as key reasons One Apartments worked for him.

“One of those things was a nice indoor open plan area, but also I wanted a nice outdoor open area that I could entertain on in summer or Christmases or birthdays,” he says.

He also found value in the smaller details, from integrated appliances to shared resident spaces including the pool, cinema and rooftop areas.

[smartcode_project:default project_id=135096 project_image_fid=356818]

After comparing several developments, he chose One Apartments because of GWH's longstanding local reputation and his own experience working with the developer on a commercial project more than a decade earlier.

"I knew that they were local, that the quality of the build was going to be up there. I'd looked at other apartment complexes around and close by, and I just knew that here was a better decision location wise."

Today, Keith says the move has completely changed how he experiences Newcastle.

"I enjoy living in this location because it's more of a lifestyle change. That Newcastle city living where you can walk to restaurants and bars and even beaches and parks and even shopping across the road."

[smartcode_project:default project_id=135096 project_image_fid=356828]

Beyond the location, he says it's the sense of community that has surprised him most.

"Everyone loves living here because they chose to live here, but everyone looks out for each other. It's a real great community feel here."

For Aimee and Lyle Goodman, the journey started almost by chance.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/tsioMLcnjas?si=zq-ys3JuWpfa5hFv" title="YouTube video player" width="560"></iframe>

The couple happened to be having coffee in Newcastle when they noticed the site where One Apartments was about to begin construction.

"We were aware GWH was planning a development," Aimee says. "We made one phone call and things moved pretty quickly after that."

As busy business owners, they initially thought apartment living would simply reduce the maintenance that came with larger homes. Instead, it fundamentally changed how they spent time together.

"We actually catch up more as a family now," Aimee says.

"We've had homes with big yards and lots of space, but everyone ended up in different rooms. Here we'll have dinner together, the kids can play, and we spend far more quality time together."

[smartcode_project:default project_id=135096 project_image_fid=356829]

Lyle says their confidence came from GWH's reputation within Newcastle's building industry.

"I know people who've worked across different apartment projects, and whenever GWH came up the feedback was always the same. They're rock solid. They're quality."

That confidence only grew throughout the buying process.

"One of the things that really impressed us with GWH was the whole process, was the communication," Lyle says. "It was consistent, it was regular, there was no problem if we had some weird questions, there was no problems in getting answers."

[smartcode_project:default project_id=135096 project_image_fid=351104]

Aimee says one moment stood out.

"The project actually finished on time. We realised we needed to hurry up and sell our house because everything was happening exactly when they said it would."

The positive experience at One Apartments ultimately gave all three buyers the confidence to purchase again with GWH, this time at ERA.

Their confidence reflects what many buyers are seeking in today's apartment market. Location remains important, but so too does certainty around delivery, quality and long-term liveability.

[smartcode_project:default project_id=135096 project_image_fid=356822]

ERA builds on those foundations with 280 one, two and three-bedroom apartments across two landmark towers in <a href="https://www.apartments.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/fk-australia">Fender Katsalidis</a>, the project will include more than 2,000 square metres of resident amenities, including a resort-style pool, gym, sauna, private cinema and rooftop entertaining spaces overlooking the harbour and coastline.&nbsp;

The development is also within walking distance of the Newcastle Interchange, Honeysuckle, Darby Street, the harbour foreshore, restaurants, retail and the city’s beaches, continuing the walkable lifestyle that existing GWH buyers say has transformed how they live.

[smartcode_project:default project_id=135096 project_image_fid=356826]

For Keith, the appeal remains straightforward.

"You feel at home even before you've moved into your home."

For Aimee, the change is measured in time.

“I just felt like I had more time,” she says.

[smartcode_project:default project_id=135096 project_image_fid=351102]

Construction at ERA is now underway, with more than half of the residences already sold and limited two and three-bedroom apartments remaining in the East Tower release. Priced from $980,000 for two-bedroom residences and $1.46 million for three-bedroom residences, buyers can secure an apartment with a 10 per cent deposit, with premium homes offering ocean views from Level 8 and harbour views from Level 10.

ERA is also backed by Resilience Insurance's 10-year Latent Defects Insurance policy, providing protection against structural or waterproofing defects for 10 years after completion. The project is anticipated to be completed in early 2028.

[smartcode_project_cta:default project_id=135096]

Joel Robinson

From ONE to ERA: Why buyers are choosing GWH again in Newcastle West

Virgate Property Group is preparing to commence construction of Verdé, its new apartment development in Melbourne's Arts Precinct at Southbank, following a strong run of sales that has seen more than half of the project's 173 apartments secured.

Verdé has attracted a broad mix of first home buyers, owner-occupiers upgrading from nearby inner-city suburbs and investors, with younger owner-occupier couples aged between 28 and 45 accounting for the strongest enquiry. Many are already living in Southbank, South Melbourne, Albert Park, Port Melbourne, South Yarra and the CBD.

"Verdé is located in one of the most desirable pockets of southern Melbourne," Blair Property Group Director Darren Blair, who is managing sales at Verdé, said.

"It's within walking distance of the Arts Centre, Royal Botanic Gardens, Albert Park Lake, and Southbank's restaurants and retail. It's a great lifestyle location with strong amenity and liveability, which made it a very attractive choice for the project."

[smartcode_project:default project_id=4661 project_image_fid=372549]

Virgate was already familiar with the precinct, having previously delivered the successful Domain House development in neighbouring South Melbourne. That experience gave the developer confidence to acquire the Coventry Street site and continue expanding its presence in Melbourne's inner south.

"We had been keeping an eye on the site and the broader precinct for a few months before deciding to move forward with the acquisition," Virgate said.

The project was ultimately secured in 2020 following feasibility studies, planning assessments and due diligence, with the brief centred on delivering "a high-quality, considered design that feels both refined and fit for purpose."

[smartcode_project:default project_id=4661 project_image_fid=314259]

Designed by <a href="https://www.apartments.com.au/architects/bruce-henderson-architects">Bruce Henderson Architects</a>, Verdé comprises 173 one, two and three-bedroom apartments priced from $599,000. The architecture is distinguished by a faceted glass façade that responds to both the site's outlook and Melbourne's changing light conditions.

According to Bruce Henderson Architects, the coloured glazing gives the building a distinctive identity while also providing privacy and solar shading, with residences oriented to capture views across the bay, city skyline and surrounding parklands.

Inside, <a href="https://www.apartments.com.au/interior-designers/designoffice">DesignOffice</a> has created interiors focused on natural light, efficient planning and enduring materials. Apartments feature engineered oak flooring, natural stone benchtops, floor-to-ceiling glazing and SMEG appliances, while a restrained material palette aims to complement the expansive outlooks rather than compete with them.

[smartcode_project:default project_id=4661 project_image_fid=372550]

Resident amenity has also been designed around everyday functionality rather than occasional use. Facilities include a concierge-serviced lobby, residents' lounge with fireplace, library and co-working space, gym, terrace garden with barbecue facilities, ground-floor café, and package delivery management.

The project's location continues to be one of its strongest drawcards. Positioned on Coventry Street, Verdé sits within walking distance of the National Gallery of Victoria, Arts Centre Melbourne, Royal Botanic Gardens and Albert Park Lake, while Southbank's dining precinct, Sturt Street trams and the new ANZAC Station are all nearby. The surrounding education catchment also includes Melbourne Grammar, Melbourne Girls Grammar, Mac.Robertson Girls' High School and several major university campuses.

The sales team says buyers have responded particularly well to the combination of location, design quality and long-term liveability.

"They're responding really positively to the quality of the design, premium resident amenities and the uninterrupted views. Many also appreciate the location and how connected it is to everything they need."

The ability to secure stamp duty savings before completion has also been a key factor for purchasers, alongside the opportunity to personalise finishes ahead of settlement.

With construction set to commence soon and more than half the apartments already sold, Verdé enters its next phase as one of the Arts Precinct's more established apartment developments, offering remaining buyers an opportunity to secure a residence before construction advances further. Expected completion is scheduled for late 2027.

[smartcode_project_cta:default project_id=4661]

Virgate's Verdé Southbank moves toward construction as sales fly past halfway stage

Downsizer-focused apartment development Kooyongkoot in Hawthorn has been recognised at the 2026 Better Future Melbourne Design Awards, taking home Gold and Silver awards in two categories.

<a href="https://www.apartments.com.au/new-apartments/kooyongkoot-hawthorn-1-kooyongkoot-road-hawthorn-vic-3122">Kooyongkoot</a>, currently being delivered by developer PQD and designed by Cera Stribley, received Gold in the Interior Design – Proposed category and Silver in the Architecture – Proposed category.

The dual recognition reflects the design approach behind the boutique development on prestigious Kooyongkoot Road, where the focus has been on creating homes for downsizers seeking the space, quality and functionality of a detached house within a low-rise apartment building.

Rather than maximising apartment numbers, <a href="https://www.apartments.com.au/developers/pqd">PQD</a> and <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a> limited the development to just 18 residences, allowing for larger floorplans, greater privacy, generous landscaping and expansive communal spaces.&nbsp;The majority of the apartments also benefit from corner aspects, allowing for dual sources of natural light.

Now around 70 per cent complete and on track for completion in November 2026, Kooyongkoot will comprise a mix of garden residences, ter​race apartments, sub-penthouses, and is crowned by two half-floor penthouses with direct lift access and private rooftop terraces.

[smartcode_project:default project_id=102717 project_image_fid=355297]

The Silver Award for Architecture recognised the way the building responds to its prominent corner position at the ent​rance to Hawthorn's Scotch Hill precinct, one of Melbourne's most established residential neighbourhoods.

Rather than competing with the grand homes that line Kooyongkoot Road, the architectural approach focused on restraint and longevity, using curved brickwork, generous landscaping and carefully considered proportions to integrate with the existing streetscape.

"The form feels fluid and timeless, as though shaped by the landscape itself – architecture that belongs, rather than competes," said Chris Stribley, Co-Founder and Managing Principal of Cera Stribley.

The judging submission also highlighted practical innovations throughout the building, including lift cores servicing only nine homes each, a central landscaped lightcourt designed to bring daylight and ventilation into the building, and fully enclosed private storage rooms with lighting, power and shelving to better accommodate residents transitioning from larger family homes.

[smartcode_project:default project_id=102717 project_image_fid=355293]

The Gold Award for Interior Design recognised the project's focus on long-term liveability rather than display-home aesthetics.

According to the awards submission, the interiors were designed from the inside out, prioritising how homes would function over decades of daily use through generous proportions, practical storage, durable natural materials and flexible layouts.

The specification includes natural stone throughout, upgraded acoustic glazing, V-ZUG appliances and fully enclosed storage rooms, alongside an amenity offering focused on wellness, entertainment and everyday convenience.&nbsp;

Residents will have access to a gym and yoga studio, a wellness centre featuring traditional and infrared saunas, a cold therapy shower and treatment room, as well as a residents' lounge and golf simulator/cinema room for entertainment.&nbsp;Kooyongkoot has also considered the everyday convenience of its residents by offering a private carwash and pet wash facilities on site as well as dedicated parcel lockers and oversized fully enclosed storage rooms.&nbsp;

[smartcode_project:default project_id=102717 project_image_fid=355303]

The project's attention to detail has already resonated with buyers. Earlier this year, Kooyongkoot recorded one of Boroondara's highest apartment sales when an $8 million penthouse was purchased by a Melbourne CEO downsizing from a nearby family home.

"Every detail feels deliberate, from the overall design down to the smallest touches," the purchaser said.

"The level of quality and refinement is exceptional, but what really sold it was how liveable it felt... It felt like a place where everything had been considered, not just a luxury building."

[smartcode_project:default project_id=102717 project_image_fid=355304]

Sustainability also formed a key part of both award submissions. Kooyongkoot is targeting a minimum 7.5-star NatHERS rating across all residences, supported by passive design principles, high-performance glazing, EV charging infrastructure, water reuse systems and a wellness model focused on lower-energy dry facilities rather than pools and large wet areas.

Located within walking distance of Scotch College, Methodist Ladies' College, Koo​yong Lawn Tennis Club, Aubur​n Village and Camberwell Junction, Kooyongkoot continues to target owner-occupiers looking to remain in Melbourne's inner east without compromising on space or quality. A limited selection of two, three and four-bedroom residences remains available, with prices starting from $1.9 million.

[smartcode_project_cta:default project_id=102717]

Kooyongkoot wins Gold and Silver at Better Future Melbourne Design Awards

New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Alastair Taylor

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