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Melbourne’s housing market is beginning to show signs of recovery, with prices increasing by 2.5% in the 3 months to August, according to a report released by RP Data.
While Victorian property prices are still relatively flat compared with the same time lastyear, there is room for continued growth and encourages buyers to take advantageof the favourable buying conditions this spring.
It's a buyers' market.
We are expecting to see the volume of homes on the market lift to around $70 million in value per week over October and November.
Buyers are already showing more interest as they see an increase in properties available to them.
This increase in listings is a good indication of buyer confidence and will result in less competition and more choice for buyers, creating 2nd and 3rd options in their property hunt.
This coupled with the softer house prices we are currently experiencing creates great buying conditions.
It’s the time in the market, not timing the market that counts. Buying now in the right areas will see you prosper in the future from your decision to act.
Inner and mid belt family homes to perform well. Investors and homebuyers should be looking for homes located within the inner tomid belt of the city.
Astute investors should be looking in established areas like Kew East, Collingwood,Carlton, Fitzroy, Coburg North, Hawthorn East, Glen Iris, Oakleigh and Macleod.
This type of housing stock is well insulated from the current oversupply of newapartment developments in inner as well as the further expected correction in the$2m+ housing stock.
These inner and mid belt areas can prove to be an excellent return on investmentfor both investors and owner-occupiers. Those purchasing to build their investment portfolio should expect to see consistent rental returns and low vacancy periods,whereas owner-occupiers can have confidence that their home will experience strong capital growth.
Here are our seven top picks:
Albert Park features some of Melbourne’s most prestigious, heritage listed property. St Vincent Gardens is surrounded by multi-million dollar houses and whilst the top end of the market has softened recently apartments in the area have experienced double digit growth at  13.5% (source: APM). Albert Park attracts aspiring young professionals aged 25-39 (source: ABS) who can’t afford to purchase houses here but want to live in the area. Therefore demand is quite strong and consistent and vacancy rates are low at 2.4% (SQM) Kew East is an excellent area for a family or conservative investor to buy an attached or detached house in. Kew East is slightly more affordable than Kew, is 9km from the CBD, within a few kilometres to excellent schools, universities, shops and a multitude of transport options. Due to the suburb’s inhabitants being mainly 35-49 year’s old the suburb is rather resilient to mortgage stress and market corrections. The year of 2011 saw Kew East grow by 8% (source: Residex) where most of Melbourne saw negative growth. Current clearance rates are also trending above average at 63%; showing that the market here is healthy. Carlton is an excellent area for investors. Units here are still good value for money, which has seen this sector experience 15.9% Capital Growth over the last 12 months (source: APM). The population mainly consists of 20-29 year olds (source: ABS), who are attracted by the university district, proximity to the CBD (2km) and lifestyle attractions such as Lygon Street’s cafés and restaurants. Due to these fundamentals, vacancy rates are below Greater Melbourne’s average currently sitting at 1.1% (source: SQM Research). Carlton in recent months has also seen an increase in online interest (source: realestate.com.au) and when coupled with a 77% clearance rate this could suggest that the area’s growth spurt is not over. Collingwood is only 3km from the CBD and units here sell for around $500,000. The suburb has plenty of life with most people being 25-39 and as such has an excellent rental market. Vacancy rates here are 0.3% and units attract reasonable yields. The area has seen good capital performance for units over the last year at 4.1% (APM). Online activity for the suburb has sharply increased over the last three months and this is starting to be reflected in the clearance rates which are now above Melbourne’s trend line. Fitzroy has seen a retracement over the last 12 months which has created some good buying opportunities in the low to mid $500K range. This suburb is ideal for savvy investors who are able to understand what properties have enough character to attract the trendy 30-39 year old tenant market. Right now we’re seeing the right properties in good streets fetch excellent results and now that the suburb has become more affordable the clearance rate has shot up to 77% which is one of Melbourne’s highest results. Coburg North is an area a statistical/technical investor would look to. Fundamentally there isn’t any main driver promoting growth but with this said the suburb has shown remarkable resilience to the down turn with units growing 3.5% over the last 12 months and the long term trend being 15.2% over 10 years. There are some great buying opportunities for villa units and town houses in this area as they’re still somewhat undervalued. Oakleigh apartments have shown amazing growth over the last 12 months. This segment has seen 16.5% growth for properties that are within the $400K-500K band. Clearance rates are high at 76.6% making Oakleigh a mini hot spot. Surrounding suburbs are also performing well but it is critical in these locations that you purchase apartments that tick all of the boxes as substandard properties are less likely to deliver quality returns.
Infolio Property Advisors will be running a free seminar featuring an expert panel that all Property Observer readers are invited to attend. “Buy Property Like A Professional” will be held on October 2, at The Point Albert Park, Melbourne. Head to <a href="https://www.infolio.com.au">www.infolio.com.au</a> for more information. 
Cameron Deal is the founder Infolio Property Advisors.
 
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Seven Melbourne hotspot suburbs for spring property investors

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As the end of financial year fast approaches, there are a number of tax and other benefits that can be associated with owning an investment property. 
1. Get the facts
Regular and concise information is imperative to the smooth management of your investment, particularly during the leasing process. A good property manager should provide you with detailed reports about the performance of your property. To that end, annual income and expenditure statements should be provided along with monthly rental  statements.
 
2. Prepay expenses
In most cases for investors, the best way for to boost your property investment refund is to pay for any expenses before June 30 – that way you can claim these expenses as a tax deduction in the 2012 financial year. Typical expenses include rates, body corporate fees, borrowing costs, property management costs and insurance. If you have a high income you may even consider bringing forward required spending such as repairs. This can help you to reduce your overall tax bill. 
3. Know your personal tax position
Before you lodge any expenses it’s important that you consider your tax position carefully. For example, if you have multiple investment properties that are negatively geared (the rental income is less than the expenses of the property), the negative amount could be offset against other income including salary. 
4. Obtain a quantity surveyor’s report
Deprecation refers to a value assigned to the wear and tear of a property of equipment. You can claim a tax deduction for wear and tear without spending any additional money. To ensure you get the maximum deduction commission a quantity surveyor’s report on your investment property.
 
5. Pay up superannuation
If you are self-employed or employed by your own company, paying into your superannuation before the end of the financial year can be an effective way to minimise tax.
 
6. Cash is king
Lodging your tax as early as possible will help ensure your receive your refund sooner, therefore resulting in a boost to your cashflow.
 
7. Engage an expert
To get the most out of your return we recommend investing in an accountant who specialises in property investment.
 
8. Plan for the year ahead
Now you have done all the hard work why not take the time to sit down with a property advisor and plan the year ahead. Are their opportunities to build your portfolio? Could a renovation help you achieve a higher rental income?
 
Cameron Deal is the founder of Melbourne buyer advocate and property advisory company <a href="https://www.infolio.com.au" target="_blank">Infolio Property Advisory</a> 
For <a href="http://propertyobserver.com.au/ebooks/free-ebook-top-21-tax-strategies" target="_blank">more end-of-financial-year tax strategies, download our free eBook.</a>
 
 
 
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Eight tips for property investors to maximise their end-of-financial-year tax returns

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1. Plan and research your investment
Buying an investment property is a significant outlay, and making the time to plan and research is essential to achieving a good result. Start by creating a long-term plan with a clear and realistic vision of what you would like to achieve through your investment. This should include working out a budget and considering whether you want your investment to deliver a high rental yield or strong capital growth.
 2. Location is king
Look for properties in established areas in areas no more than a 10- to 12-kilometre radius of the CBD that have a history of strong long-term capital growth. The location should offer good transport links, schools and recreational space. Avoid busy roads, property within earshot of train or tramlines and areas earmarked for significant development.
 3. Seek scarcity and desirable features
A limited supply or unique feature will ensure strong rental demand and deliver healthy capital growth. Period styles such as art deco traditionally outperform newer properties. Desirable features such as balconies and car spaces can also add significant value to your investment.
 4. Don’t over capitalise
Buying within the median price of an area and being smart about renovations will ensure the property will be both easy to rent out and sell when the time comes.
 5. Enlist the help of experts: buyers’ advocate, financial planner, property manager
Enlisting the services of an expert at the vital stages of your purchase and the ongoing management of the property could pay dividends. Engaging an experienced buyers’ advocate takes the guesswork out of buying an investment property. A buyers’ advocate will help eliminate common purchasing mistakes, identify “investment-grade” properties and negotiate favourable terms on your behalf. Seek the advice of a financial planner to develop a framework around your assets and liabilities, select the best loan and use negative gearing as a tax offset. Invest in the right property manager. Property management can make or break your investment – the last thing you want is a rundown property or unhappy tenants. Look for a committed property manager who cares about your investment, ensures the property has reliable tenants and that provides regular rental statements so you can measure your return.
 
Cameron Deal is founder of Melbourne buyer advocate and property management agency Infolio. He will be hosting a free property seminar <a href="https://www.infolio.com.au/blog/?p=945">“Buy property like a professional” on March 26</a>.
 
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Five tips for buying an investment property

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Purchasing a property is one of the biggest financial commitments you’re likely to make in your lifetime.
Only certain properties should be bought without you seeing them first. I recommend that those looking for a new home to live in themselves should see the property in question before making an offer.
However, purchasing investment property can often be done without the buyer seeing the property at all. Successfully purchasing a property without viewing it beforehand is dependent on the level of trust you have in the buyer’s advocate you have engaged.
When presenting a property to a client, I provide them with a detailed report that includes historical growth patterns and market value for properties within that specific area. We also provide detail on land size, orientation and comparable sales evidence of similar properties.
When engaging someone to act on your behalf it’s important you’re confident that they’re acting in your best interests. It’s imperative that they have extensive knowledge and experience in the property industry. This ensures that they are well across property market in the area that you’re looking to invest in.
Three important factors to consider when selecting someone to purchase property on your behalf:
1. Experience
Certification and experience provide a base for grounding and trust. Look at a buyer’s agent’s history; has he or she had experience in the property industry? Working in a variety of roles in the property industry enables a multifaceted understanding of the property market. If your buyer’s advocate is also a licensed real estate agent, he or she will be familiar with selling techniques, growth patterns and auction clearance history. Industry experience is integral to an ability to build relationships.
2. Industry relationships
Pre-existing relationships with real estate agents enables buyers’ advocates to unearth properties that are yet to be advertised to the wider market and present them to their clients.
3. Set fee vs. percentage of the purchase price
Engaging professionals to act on your behalf will take the stress and complication out of purchasing property. When engaging a company, look at whether its fees are based on a percentage of the final purchase price or whether they’re set from the beginning. It’s important that you can be confident your advocate has your best interests at heart and won’t be making more money should he or she recommend a more expensive property.
Cameron Deal is senior buyer advocate at<a href="https://www.infolio.com.au/" target="_blank"> Infolio Property.</a><a href="https://www.infolio.com.au/" target="_blank"> </a>
For advice on buying your first investment property<a href="http://propertyobserver.com.au/ebooks/first-investment-property-a-beginner-s-guide" target="_blank">, download our free eBook.</a>
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When buying an investment property unseen, trusting your buyer's agent is essential

Melbourne’s City Circle tram loops past a dense matrix of culture, education and commerce, but few intersections offer as much access in so little walking distance as the northern end of King Street.

Here, Aspire Melbourne rises 64 storeys from the edge of Flagstaff Gardens, with immediate connectivity to tram and train networks, and pedestrian access to Queen Victoria Market, Marvel Stadium and Melbourne’s major university precincts.

Developed by ICD Property with design by Fraser &amp; Partners, Aspire Melbourne brings 570 apartments to one of the CBD’s most spatially balanced positions, directly between civic green space and key employment infrastructure.

[smartcode_project:default project_id=2575 project_image_fid=248847]

Everything from retail and dining to sporting events, art, theatre, and festivals, or the serenity of the city’s gardens, is within walking distance of Aspire.

Melbourne's thriving coffee culture is showcased in the CBD's cobblestoned laneways, with popular cafes such as Brother Baba Budan, Krimper, Stagger Lee's, Higher Ground, and Manchester Press all nearby.

For culinary enthusiasts, Melbourne offers a variety of dining experiences. Highly recommended establishments include Maha, Farmer's Daughter, Coda, and MoVida Next Door, offering everything from Middle Eastern dinners to a night out.

[smartcode_project:default project_id=2575 project_image_fid=79443]

Getting around Melbourne is as effortless as finding a great cup of coffee, thanks to the city’s clean, reliable and extensive public transport network. Aspire’s curved tower is a short walk from Melbourne Central Station, Southern Cross Station and the Free Tram Zone, offering seamless connections across the CBD and out to suburban precincts.

This inner-city accessibility is complemented by Aspire’s rare proximity to green space. The tower directly overlooks Flagstaff Gardens, the city’s oldest park, with Fitzroy Gardens and the Royal Botanic Gardens also nearby, framing the CBD in natural beauty.

Just 11 minutes on foot, Queen Victoria Market adds another layer of amenity. A longstanding hub of culture and commerce, it offers fresh produce, gourmet foods, artisanal goods and vibrant multicultural fare, all woven into the daily rhythm of city life.

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To the west, the CBD’s entertainment quarter features Marvel Stadium, just 750 metres from Aspire, ideal for sports fans and major events.

To the south, Crown Casino along the Yarra River offers entertainment, dining and family-friendly activities, accessible in under 10 minutes by tram.

The Arts Centre Melbourne, a hub for visual art, theatre, music and performance, is also within easy reach by public transport or car.

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For families looking to set up roots in the CBD, education options abound within a one-kilometre radius of Aspire.

The prestigious Haileybury opened its Melbourne CBD campus in January 2017 offering Melbourne's first Early Learning Centre to Year 12 private school campus in the CBD.&nbsp;

<a href="/developments/north-melbourne-vic-3051">North Melbourne</a> Primary School, South Melbourne Primary School, Ozford College, and Simonds Catholic College are among the other choices, while universities like Victoria University, La Trobe University, and Monash University are less than 600 metres away.

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A limited selection of one, two, and three-bedroom apartments remain for sale, with pricing starting from $647,000.

“The Melbourne CBD apartment market has evolved in response to both the strong growth of the overall city as well as the increasing attraction of the CBD which offers unique lifestyle appeal, especially to the fast-growing cohorts of young professionals and university students,” <a href="/project-marketer/colliers">Colliers</a>&nbsp;Managing Director Residential Tim Storey said.

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Joel Robinson

On the fringe of Flagstaff Gardens: Aspire Melbourne's prime location

The onset of the pandemic was a tough time for developers across the country.

In Western Australia, development came to a grinding halt.

“There had been little to no increase in the cost to build for about 12 to 13 years before the pandemic,” Gavin Hawkins, Executive Director of <a href="https://www.apartments.com.au/developers/edge-visionary-living">Edge Visionary Living</a>, one of Perth’s premier developers, told Apartments.com.au.

“Everything then went up overnight. Costs escalated, and so did the prices buyers had to pay. Pair the cost increase with the lack of available builders, and any project worth upwards of $100 million had to be paused because it wasn’t feasible to deliver.”

There were also a series of builder insolvencies, while many tier-one firms shifted their focus away from residential towers. “A lot of the large builders had taken on major government contracts for hospitals, schools and transport infrastructure, which offered lower risk and steadier returns. That left very few willing or able to deliver large-scale apartment projects in WA,” Hawkins said.

As a solution-driven business, Edge decided they would bring construction in-house.

“The builder-developer model is a more common model in the eastern states, but it hasn’t really been done in WA before,” Hawkins says. In the middle of 2023, they established Edge Construction, hiring senior staff members from reputable tier-one builders.

“We showed them our pipeline of projects, which de-risked the process somewhat, and now we have a 45-strong construction team working across our six projects currently under construction.”

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Edge’s portfolio is arguably one of the most enviable in the state, with a diverse spread both geographically and in terms of density.

In Crawley, the team is approaching completion of <a href="https://www.apartments.com.au/new-apartments/broadway-on-the-bay-crawley-168-broadway-crawley-wa-6009">Broadway on the Bay</a>, just 21 riverfront apartments in an eight-level building. North of Crawley, Edge is also soon to complete <a href="https://www.apartments.com.au/new-apartments/claytons-mindarie-beachfront-mindarie-50-alexandria-view-mindarie-wa-6030">Claytons Mindarie Beachfront</a>, an 89-residence community comprising apartments, penthouses, and two-storey townhouses.

One of Edge’s most notable developments is <a href="https://www.apartments.com.au/new-apartments/the-dunes-beachfront-residences-scarborough-1-reserve-street-scarborough-wa-6019">The Dunes</a>, a landmark project on the iconic Scarborough beachfront. Its 223 residences are spread across two buildings that will also feature a lagoon pool, wine cellar, and a series of formal and informal dining and lounge areas, reinforcing its positioning as one of the suburb’s most ambitious residential undertakings.

[smartcode_project:default project_id=134709 project_image_fid=248321]

Edge’s Fremantle project, <a href="https://www.apartments.com.au/new-apartments/muse-at-artisan-place-fremantle-19-burt-street-fremantle-wa-6160">Muse at Artisan Place</a>, is also breaking new ground as the first, and most premium stage, of a new residential precinct in the city’s east end. They have two of the four buildings, Muse West and Muse East, under construction, which will deliver 153 of the broader Artisan Place precinct that will eventually comprise 277 residences.&nbsp;

Not forgetting the CBD fringe, Edge has also commenced the build of <a href="https://www.apartments.com.au/new-apartments/lumiere-south-perth-35-mends-street-south-perth-wa-6151">Lumiere</a>, a mix of 115 one, two, and three-bedroom apartments in a striking curved building by Hilliam Architects in South Perth. Lumiere also leans heavily on resident amenity, with an infinity heated pool with cabanas, a gym with a sauna and yoga deck, billiards room and cocktail bar, a residents’ lounge with fireplace and dining area, and a street-level café and wine bar.

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Edge is doubling down in South Perth, having recently acquired a site on Harper Terrace, the last privately held riverfront block in South Perth’s Mends Street precinct. Hawkins says the team had been working for years to secure the adjoining block, which had four separate owners in an original apartment building. Then the neighbouring cleared block came up for sale, allowing them to create a prized and unrepeatable 4,000 sqm-plus site.

The plan is to launch Harper on Swan, an 11-level building with around 71 apartments, mostly three-bedroom residences, to the market soon. Hawkins says the downsizer market in particular continues to be resilient in WA. “Now their homes are up to double what they were four years ago, and they are ready to take advantage of that and move into a new apartment,” Hawkins says.

“With strong population growth, full employment, and limited supply in the new apartment space, WA is well positioned heading into 2026.”

Edge’s portfolio is arguably one of the most enviable in the state, with a diverse spread both geographically and in terms of density.

How EDGE Visionary Living navigated the pandemic, and came out stronger: Five minutes with Gavin Hawkins

Construction has officially commenced at <a href="https://www.apartments.com.au/new-apartments/botanical-turner-2-forbes-street-turner-act-2612">Botanical Turner</a>, one of Canberra’s most anticipated new residential communities, with site works well underway in preparation for the piling rig to arrive in November. &nbsp;

Developed by <a href="https://www.apartments.com.au/developers/amalgamated-property-group">Amalgamated Property Group</a> in partnership with <a href="https://www.apartments.com.au/developers/base-developments">Base Developments</a>, Botanical Turner builds on the team’s proven track record of delivering landmark projects across Canberra and beyond. It is being brought to life by the highly respected team at <a href="https://www.apartments.com.au/builders/milin-builders">Milin Builders</a>, known for delivering a number of award-winning projects across the ACT.&nbsp;

Almost 50 per cent of the residences have already sold during Stage 1, signalling both the strength of &nbsp;buyer confidence and the rarity of Botanical’s offering.

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Graham Potts, Principal and Founding Director of Amalgamated Property Group, said the market response affirms the vision for Botanical.&nbsp;

“To see construction now underway is a milestone for both our team and our buyers. Nearly half &nbsp;of the residences have been secured in this first stage, which validates our approach of creating &nbsp;homes that are both distinctive in design and generous in scale. Botanical is more than a &nbsp;residential project, it’s a contribution to the future of Canberra’s inner north, designed to hold its &nbsp;value for generations to come.”&nbsp;

Proving popular with owner-occupiers, Botanical Turner offers a broad range of floorplans with one-, two-, and three-bedroom residences designed for flexibility. The project has drawn the attention of downsizers in particular, who value the low upkeep, leafy inner-north location, and forward-thinking considerations for storage and functionality.&nbsp;

&nbsp;

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Designed by award-winning <a href="https://www.apartments.com.au/architects/sjb-architects">SJB Architects</a> (2023 International Interior of the Year at World &nbsp;Architecture Festival and 2024 Premiers Prize at NSW Architecture Awards), Botanical Turner &nbsp;makes a statement in both presence and liveability. The building’s bold geometric form is layered in a palette of red brick, terracotta and crisp white.

Carefully integrated communal spaces, including a landscaped courtyard, arched walkways &nbsp;and open thoroughfares, give residents a sense of connection and ease, while the abundant &nbsp;amenities reflect the expectations of a discerning market backed by Amalgamated’s lifestyle-led approach. These include a concierge, indoor lap pool set among greenery, spa, sauna, &nbsp;steam room and a fully equipped gym.

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Keenan Veraar, <a href="https://www.apartments.com.au/project-marketer/lj-hooker-project-marketing-act-0">LJ Hooker</a>, said Botanical Turner has exceeded expectations in terms of demand.&nbsp;

“Botanical Turner has attracted strong early interest and I believe that is because of three key factors; its beautiful build form, the generous apartment sizes, and buyers know they are purchasing into a project backed by one of Canberra’s most respected development partnerships,"&nbsp;Veraar said.

"Amalgamated and Base have delivered time and again, and that consistency gives people confidence. SJB Architects has created outstanding projects interstate using similar &nbsp;tones and materials, all of which have been incredibly well received. That pedigree reassures &nbsp;our buyers that Botanical will set a new benchmark for Canberra.”&nbsp;

[smartcode_project:default project_id=149632 project_image_fid=338672]

Dennis Milin, Principal of Base Developments and Milin Builders, said construction progress is advancing on schedule.&nbsp;

“Off-site works and site servicing are nearing completion, with excavation and preparation for &nbsp;piling equipment in progress to allow for the commencement of basement earthworks," Milin says.

"With decades of delivery experience and a longstanding partnership with Amalgamated, we’re &nbsp;committed to bringing SJB’s vision for Botanical Turner to life. The project will be defined by the &nbsp;same uncompromising standards and attention to detail that underpin every one of our developments.”&nbsp;

Apartments at Botanical start from $600,000.

&nbsp;

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Construction commences at Botanical Turner as stage one reaches 50 per cent sold

Design-led property developer <a href="https://www.apartments.com.au/developers/orchard-piper">Orchard Piper</a> has achieved $125 million in sales prior to publicly launching its latest Toorak Village development, <a href="https://www.apartments.com.au/new-apartments/one-toorak-place-7-19-carters-avenue-toorak-vic-3142">One Toorak Place</a>, to market.

The milestone was reached with the sale of a four-bedroom, three-and-a-half bathroom apartment to a Toorak local for $13.75 million, achieving per square metre rates of $37,000.

Another notable recent transaction is the sale of a four-bedroom, three-and-a-half-bathroom residence to Toorak local Paul Rosen for $12.65 million in July representing a square meter rate of $43,174.&nbsp;

In May, the development made history with the record-breaking penthouse sale of more than $20 million, to Group CEO at Accent Group Limited Daniel Agostinelli and his wife Lynette.&nbsp;

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Orchard Piper Director Luke McKie said the record breaking achievement and sales success reflects the demand for thoughtfully designed, luxury residences and the unique lifestyle proposition of a serviced residential building that offers the scale of a home, but with added lifestyle benefits, high security and amenity.

“The early purchasers of this project are very familiar faces to Orchard Piper. Many of them are Toorak locals who have waited years for the right project to buy into. They understand how rare this offering is, and trust us to deliver them an outstanding property.”&nbsp;

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Developed in collaboration with joint venture partner NPACT (a partnership between James Packer’s family office and Todd Nisbet), One Toorak Place introduces a new model of hotel-style residential living to the suburb.&nbsp;

Located at 7-11A and 17-19 Carters Avenue, the development includes a collection of two-, three-, and four-bedroom residences and penthouses, boutique commercial suites, curated retail and an integrated hospitality precinct by acclaimed restaurateur Chris Lucas.

Delivered in his signature style, the precinct will be curated to reflect the spirit of the neighbourhood and the lifestyle of its residents. Lucas will also design a suite of bespoke services for residents of the building, including in-residence private dining, cellar concierge services and priority access to all Chris Lucas restaurants.&nbsp;

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Designed by <a href="https://www.apartments.com.au/architects/kerry-hill-architects">KHA (Kerry Hill Architects)</a>, residents will enjoy access to hotel-style five-star services and amenities, including concierge, a 25-metre lap pool, full-service gym, sauna, steam room, and hot and cold therapies. Also included are a dedicated resident lounge, resident meeting room, a golf simulator, and practical facilities such as dog-wash and car-wash bays.&nbsp;

One Toorak Place is Toorak’s largest planning approval to date, occupying the 3,589 sqm former Mercedes-Benz Toorak site. With a total of 5,000 sqm of premium land under development across two projects in Toorak Village, Orchard Piper’s contribution to the precinct is set to surpass $550 million in value, reinforcing its long-term commitment to design-led renewal in the area.&nbsp;

Construction on One Toorak Place is expected to commence towards the end of 2025.&nbsp;

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The development is now over 30 per cent sold by value in under three months, with significant sales including a record-breaking $20 million penthouse, and two four-bedroom apartments for $13.75 million and $12.65 million. 

Orchard Piper achieves $125 million in pre-launch sales at Packer-backed Toorak Village development

The first large-scale residential community built on the Gold Coast’s <a href="https://www.apartments.com.au/developments/isle-of-capri-qld-4217">Isle of Capri</a> in more than 30 years is nearing sell-out, with limited villas now available in the exclusive island enclave.

Developed by <a href="https://www.apartments.com.au/developers/monaco-property-group">Monaco Property Group</a> and built by <a href="https://www.apartments.com.au/builders/greyburn">Greyburn</a>, Capri Villas brings 48 architect-designed homes to one of the Gold Coast’s most sought-after addresses. The gated community combines privacy, security and premium design in a central location.

Michael Kollosche, Managing Director of <a href="https://www.apartments.com.au/project-marketer/kollosche-new-projects">Kollosche</a>, said security and lifestyle are front of mind for today’s buyers.

“Capri Villas offers the comfort of a home, the convenience of a central location, and the confidence that comes with a gated community.”

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With only a handful of villas remaining, the sales momentum reflects both strong buyer demand for <a href="https://www.apartments.com.au/buildings/capri-villas-81-salerno-street-isle-of-capri-qld-4217">Capri Villas</a> and a broader shortage of new, move-in-ready boutique homes on the Gold Coast.

The villas span two levels, each with three bedrooms, generous living areas and high-end finishes such as marble kitchens with Gaggenau appliances. Solid concrete construction underpins the design, while landscaped courtyards extend living spaces outdoors. Practical inclusions like secure garaging, ducted climate control and ample storage enhance everyday comfort.

Residents also have access to resort-style facilities within the gated grounds, including a swimming pool with cabanas and day beds, landscaped outdoor entertaining areas with barbecues, and a residents’ lounge.

[smartcode_project:default project_id=139511 project_image_fid=351872]

“Opportunities like this don’t come up often,” Kollosche added.

“Capri Villas combines security, design and location in a way that is rare on the Gold Coast and the level of interest we’re seeing reflects that.”

Isle of Capri is an island community tucked in behind Surfers Paradise, offering residents a quieter lifestyle while remaining close to the action. Linked to the beachfront by bridge, the suburb is favoured for its walkability, with Capri on Via Roma (including Harris Farm Markets) providing dining, cafes and essentials just 800 metres away. Beaches, restaurants and entertainment are close at hand, while transport connections add to the suburb’s appeal.

Capri Villas are located at 81 Salerno Street, Isle of Capri. Two-level, three-bedroom villas are priced from $2.4 million.

[smartcode_project_cta:default project_id=139511]

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