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There were 521 sales in Perth for the week ended April 12, down 16% from the 617 recorded the same week last year. However, the Easter long weekend fell later in April in 2011.
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Perth records 16% fewer sales than same week last year: REIWA

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Founder(s): Chris Edmonds, Joscelyn Edmonds Revenue: $1.02 million Started: 2009 Head Office: Tasmania Employees: 2 Website: <a href="https://www.startupsmart.com.au/weblink?cid=5777&amp;fid=36&amp;ord=1" title="www.ezyonlinebathroomsandkitchens.com.au">www.ezyonlinebathroomsandkitchens.com.au</a>
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The Edmonds own Ezy Online Bathrooms and Kitchens – an online retailer of bathroom, kitchen and laundry items – with a commitment to luxury designer products at competitive prices. 
“There was a definite gap in the market for a retailer that was able to supply competitively priced, designer bath and kitchen products to regional and remote areas,” Joscelyn says. 
“We started with a traditional bricks-and-mortar business, however, believed that in order to survive we could not only rely on the local market. 
“We watched with interest the rise of eCommerce and worked to create an online model of the business. The bricks-and-mortar business was closed down in mid 2010 to focus purely online.” 
According to Joscelyn, the most difficult aspect of starting up the business was the resistance among many suppliers to deal with a pureplay online retailer. 
“Due to the nature of our product, we also had difficulties in the early stages finding reliable transport channels for distribution around Australia,” she says. 
However, Joscelyn says the reluctance of some suppliers forced the business to source alternative suppliers, which, in many cases, proved to be more profitable. 
Meanwhile, the options and quality of service regarding distribution have also improved. 
“We have now partnered with a couple of companies that specialise in transporting goods for eCommerce retailers,” Joscelyn says. 
“We are passionate about what we do and specialise in high-quality products for all your bathroom, kitchen and laundry building or renovation projects, all at factory-direct prices.” 
“The rapid growth of the business has allowed us to reinvest money in website development and advertising.”
This article originally appeared on <a target="_blank" href="https://www.startupsmart.com.au/">StartupSmart</a>.
 
 
 
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StartupSmart Awards 2012: Ezy Online Bathrooms and Kitchens

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Slater &amp; Gordon is investigating launching a class action on behalf of aggrieved borrowers and mortgagors of Bankwest and the Commonwealth Bank of Australia.
The claims stem from Bankwest’s perceived behaviour following its 2008 takeover by the CBA, with many small property developers alleging their debts were unfairly called in.
Last month, National senator John Williams launched a senate inquiry into the relationship between banks, receivers and valuers, which is likely to touch on <a href="https://www.smartcompany.com.au/financial-services-and-insurance/048739-class-action-lawyer-welcomes-senate-inquiry-into-banking-sector">some of the claims in relation to Bankwest</a>.
Slater &amp; Gordon commercial and project litigation lawyer Van Moulis toldSmartCompany the law firm was conducting its due diligence with litigation funder, IMF Australia.
“There is momentum building up now, for instance in the form of the senate inquiry which has been announced along with the involvement of IMF,” says Moulis.
“Our due diligence in relation to the class action is continuing and IMF does its own due diligence, it has lawyers on staff.”
“We are looking at whether some of those people with Bankwest loans were hard done by when Bankwest re-valued their securities and called up their loans in the period after CBA took control of Bankwest.”
“So far we have selected 120 people [for the class action] but we have also had a lot of telephone enquiries both before and after the recentFour Corners program.”
“The types of cases we are looking at are primarily commercial developments and involve property developers and small to medium-sized business owners.”
“We expect the senate inquiry will get underway in two to three months and it is hoped the enquiry will uncover more facts which will be relevant and useful for the class action.”
Moulis says it is difficult to say when the class action is likely to commence but he would like to have seen some of the results of the senate inquiry first, which is expected in the next two to three months.
“I am not just focused on the litigation,” says Moulis, emphasising the possibility of a pre-trial settlement.
“These days we have pre-trial protocols in the Federal Court where parties have to take genuine steps to resolve grievances outside court, so I would be interested in talking to the CBA and I would like a copy of the purchase agreement between the CBA and Bankwest as I believe there is a part which is quite relevant.”
“I am not interested in pursuing a case that has no merit so if they can show me the agreement an aspect of the class action may even be resolved.”
James Middleweek, investment manager at IMF, says the litigation funder had been approached to consider funding the class action and was currently investigating the merits of the claims.
“At the end of the day cases like this need funding and they are expensive, it is unlikely that a class action would proceed if it was not funded by a litigation funder,” says Middleweek.
A spokesperson for Bankwest told SmartCompany the bank strongly denies the allegations.
“Due to the global financial crisis and the broader economic environment property values and property development in general suffered between 2008 and 2011 and Bankwest assisted many customers through this period and continues to do so,” says the spokesperson.
”Bankwest has acted fairly with all its customers since its acquisition by the CBA and honoured all of the existing contractual and credit commitments with customers.”
“The bank does not gain anything financially when receivers are appointed so the suggestion that Bankwest forced customers into receivership is absurd.”
“When our customers do sometimes face financial difficulties, our overriding priority is to work closely with them on an individual basis to try and assist them wherever possible.”
This article originally appeared on <a target="_blank" href="https://www.smartcompany.com.au/index.php">SmartCompany</a>.
 
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Bankwest class action gathers steam as 120 business owners and property developers sign on

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Cashed-up downsizers in the pricey Melbourne suburb of Brighton have shown strong interest in luxury apartments, with 25% of Cbus Property’s Warleigh development sold within a week of its launch at the end of February. About 35% of the units have sold so far. Cbus Property acquired the 9,015-square-metre property at 30-44 Warleigh Grove, Brighton in December 2010. The disused North Brighton Croquet Club site was offloaded by the New Zealand-based retirement living company LifeCare Residences, which acquired control from ASX-listed fund manager Abacus two years earlier.
The development aims to emulate the indoor-outdoor feel of its freestanding neighbours, with half of the site’s 9,000-square-metre block given over to open outdoor space.
“Growing up only a couple of hundred metres from Warleigh Grove, I have a close connection with the site, and a design sensitive to the neighbourhood character of surrounding street scape was a key criteria to the design brief,” says Cbus Property development manager Andrew Potter.
<img src="/images/stories/warleigh1.jpg">
“It’s paramount as a designer to produce spaces that are not only aesthetically pleasing, but usable and functional,” says Jack Merlo of Jack Merlo Design.
“The outdoor areas allocated to many of the homes are almost as large as the apartments themselves. Generous timber decks and the use of bluestone and natural stone materials give a warm palette and provide a complementary connection between inside and out,” he says.
<img src="/images/stories/warleigh2.jpg">
“The private courtyards and terraces have been oriented to look over the communal lawn area to increase the sense of space for residents.”
The Warleigh will comprise a mixture of 108 townhouses and apartments across three sections: Luxe, Domaine and The Residences.
Domaine is the largest, with 62 one-, two- and three-bedroom apartments. Prices will range from $490,000 to $1.7 million, and they range in size from 57 square metres to 130 square metres, excluding terraces.
<img src="/images/stories/warleigh3.jpg">
Luxe will comprise 39 two- and three-bedroom apartments, which will range in size from $970,000 to $1.7 million and from 87 square metres to 147 square metres, excluding terraces.
The most exclusive section is The Residences, which will be made up of seven three-bedroom townhouses priced from $1.9 million to $2.2 million. They will range from 180 square metres to 220 square metres and will include their own double garages and separate addresses.
The development is a 10-minute drive to Brighton Beach and a one-minute walk from North Brighton train station.
<img src="/images/stories/warleigh4.jpg">
The project was designed by SJB Architects and aims to blend in with the older homes in Brighton.
<img src="/images/stories/warleigh5.jpg">
“We have captured the stately home character that you see throughout Brighton and adapted it to this development,” says SJP Architects director Charles Justin. “The architecture has very strong geometric forms and contrasting finishes to the facades such as metallic bronze, copper cladding and charcoal render, as well as natural materials including timber, brickwork and stone.”
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Cashed-up downsizers show strong interest in Brighton development The Warleigh

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At the end of last year, predictions were flying around left right and centre about the state of the market in 2012. There was a lot of buoyancy following the RBA’s double interest rate cut, with the industry confident it would result in buyers flooding the market. In truth, while the cuts didn’t deliver the influx of buyers experts were hoping for, it has definitely boosted confidence.
It’s relatively early days in 2012 but here in Brunswick, we’re already witnessing some interesting trends take place. A key movement has been the type of buyers we’re seeing – second-home purchasers are generally married with one child. Many young professional couples are seeking apartments because they want to live within 10 to 15 kilometres of the CBD, and they’re willing to sacrifice space in order to have all the amenities nearby. Similar to the rest of the world – especially the capital cities in Asia and Europe – people are turning to apartment living to be located close to the city, a trend I believe will be highly prevalent in Australia in the next century.
We started 2012 with a bang, sitting around a 95% clearance rate in our first five weeks of auctions. In February, we sold a three-bedroom, single-fronted house in <a target="_blank" href="https://realestate.melbournetimesweekly.com.au/overview/3321823/417-barkly-street-brunswick-3056/">Barkly Street</a> for $1.01 million – the highest price ever achieved for a single-fronted house in Brunswick. We’re also expecting a four-bedroom home in <a target="_blank" href="https://www.domain.com.au/Property/For-Sale/House/VIC/Brunswick-East/?adid=2009560271">Kingfisher Gardens</a> to draw a lot of interest due to its proximity to cafes, shops and public transport. A few auction sales have been 10% to 15% above the reserve, proof of increased buyer confidence, especially compared to last year when we had properties selling up to 10% below the asking price.
Auction activity has now cooled off slightly as more sellers put their homes on the market. Still, we’re finding that any properties not selling at auction are being sold pretty soon after. Auctions have now become part of a process for obtaining that final sales result. Often we need an auction to transpire to truly see what a property is worth, and for vendors to understand what the market’s willing to pay for their home.
<img src="/images/stories/brunswick2.jpg">
We’re finding sellers also prefer auctions because unlike private sales, auctions are regulated. Vendors know an auction sale is final and not subject to any clauses such as finance or building inspections. Private sales, on the other hand, can typically take much longer and because they’re unregulated – buyers can get caught up in various bidding methods, be it a closed ballot, boardroom auction or informal bidding war.
Price-wise, last year was definitely a better opportunity for investors in Brunswick, but unfortunately a lot of them weren’t financially ready to buy at the time and they’re now competing – and often being priced out – by first-home buyers returning to the market.
Looking ahead, I think the doom and gloom from last year is gone and buyers are ready to settle down and secure their homes. Across the board, I predict a 5% increase in prices in areas within a 10-kilometre radius of the city – including Brunswick, <a target="_blank" href="https://www.propertyobserver.com.au/victoria/top-10-victorian-capital-growth-hotspots-with-ivanhoe-a-shining-star-for-past-five-years-reiv/2012040254123">which was listed by the REIV in the top 10 growth suburbs for the five years ending 2011.</a> Clearance rates in Melbourne will remain around 58% to 63% all year, with Brunswick a little higher at 70% to 75%. Even throughout 2011 our clearance rates were hovering around 60%, attributed mainly to buyers seeing us as an affordable alternative to the more affluent neighbourhoods of Fitzroy, Carlton and Northcote. Currently our days on market are sitting at 38 days – a slight improvement from last year at 43 days – and I expect this to stay consistent for the next 18 months.
We’re at a time in the market where the playing field is pretty even, so it’s a good opportunity for both buyers and sellers alike. Buyers should bear in mind it’s always hard to find something that ticks all the boxes no matter what the state of the market, so they need to weigh up if they’re willing to sacrifice their dream home now to pay less for a property that meets 75% of their needs, or wait six months to find their perfect match when prices are higher.
Robert Elsom has 15 years’ experience in real estate and is director of <a target="_blank" href="https://www.hockingstuart.com.au/">hockingstuart </a>Carlton, Brunswick and Northcote.
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Brunswick: The hockingstuart mid-2012 autumn property review

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Five years on, the US economy remains sluggish after the bursting of a house price bubble. More recently, the focus has been on China, the world’s second largest economy, and whether it too might be overwhelmed by a similar event. Reports of <a href="https://www.time.com/time/magazine/article/0,9171,2096345,00" target="_blank">“ghost cities”</a> and some property developers <a href="https://www.bbc.co.uk/news/world-asia-16009050" target="_blank">facing</a> bankruptcy have become commonplace. Some commentators have <a href="https://www.foreignaffairs.com/articles/136963/patrick-chovanec/chinas-real-estate-bubble-may-have-just-popped?page=show" target="_blank">asserted</a> that the bubble may have already “popped”. The stakes are high. The IMF <a href="https://www.imf.org/external/pubs/ft/wp/2011/wp11208.pdf" target="_blank">notes</a> that since 2007, China has contributed more – much more in fact – to world growth than any other country, and this is projected to remain the case into the foreseeable future. Given that China’s construction sector is a significant source of demand for our natural resources, Australia has more to lose than most if the economy there sours. Before commenting on the Chinese case, it is worth briefly reviewing the chain of causality in the US. From 1997, house prices in the US began to<a href="https://www.standardandpoors.com/indices/sp-case-shiller-home-price-indices/en/us/?indexId=spusa-cashpidff--p-us----" target="_blank"> appreciate</a>. During the 2000s, the market became increasingly infected by debt-funded speculators betting on continued capital gains. In the process, banks lent money to borrowers of marginal credit worthiness requiring little or no collateral. When prices stalled and then went into sharp reverse in 2006, the banks were left holding the bag, ultimately requiring a bail out by taxpayers. Banks (and firms and households) then spent the next few years seeking to rebuild their balance sheets, as opposed to extending new loans, and this process continues today. The above story breaks down at several points when it comes to China. What is true is that house prices in China have increased rapidly during the 2000s. That, however, is about where the similarities end. Firstly, while recent<a href="https://www.ft.com/intl/cms/s/0/c0f12d0e-70e6-11e1-a7f1-00144feab49a#axzz1qMiy3UmD" target="_blank"> headlines</a> have reported that house prices in China have <a href="https://www.propertyobserver.com.au/https://www.guardian.co.uk/business/feedarticle/10149902" target="_blank">fallen </a>for a fifth straight month, what we have actually seen is a levelling off in prices. According to official data, prices nationwide remain steady compared with a year ago and remain marginally up since 2010. Unofficial <a href="https://blogs.wsj.com/overheard/2012/03/20/what-is-chinas-house-price-reality/" target="_blank">data </a>points to stronger price growth since 2010. Examples of more significant price declines in certain cities can be found, as they can in particular developments in a given city. But to tell a macroeconomic story based on these is to miss the forest for the trees. To put the above numbers in perspective, last year house prices <a href="https://www.smh.com.au/business/property/record-slump-in-house-prices-in-2011-20120201-1qsid" target="_blank">fell </a>more in Australia than they did in China. Secondly, there is<a href="https://online.wsj.com/article/BT-CO-20120325-705551" target="_blank"> little evidence</a> that any deterioration in the housing market has infected the banking system. Given that nation-wide house prices have not in fact declined, this is perhaps not surprising. There are other reasons as well. One is simply that Chinese are much more likely to fund home purchases from savings, often calling upon the assistance of family members in the process. In part this reflects cultural differences, but also strict down payment requirements imposed on borrowers by banks. Thirdly, it should not be forgotten that the key institutions in China’s banking system remain more or less government-owned. This changes the rules of the game considerably. Standard risk management variables, such as the capital adequacy ratio – which, incidentally, is extremely high amongst Chinese banks – and the non-performing loan ratio, are only of marginal relevance because the integrity of the biggest banks is guaranteed by the government. China’s central government is willing and able to act on that guarantee. The level of public debt outstanding is modest and even when contingent liabilities are taken into account, such as debt racked upon by local governments, the prospect of China falling victim to a European style public debt crisis is remote. Another example is that amid a deteriorating macroeconomic environment in which privately owned banks might elect to slow credit growth, the Chinese government can instruct banks to do the opposite, as was seen in 2009. This remains within the capability of the banks given the extremely high reserve requirements they maintain. Fourthly, in addition to continuing government ownership, there is also the fact that the banking system remains heavily regulated. For example, by fixing interest rates, the government can act to boost the margins and profits of the banks. This may be a negative from an efficiency perspective, but nonetheless can act to promote the stability of the system. Property prices in China may well be inflated. Price to income ratios, particularly in the major cities, suggest that they are. However, for high prices to constitute a bubble, they must be able to burst. In the case of China, it is not clear that they have, nor where a trigger might come from. More likely is that we are set to see a period of no or low price growth, rather than sharp declines. Of course, even stagnant house prices have implications for China’s overall rate of growth and therefore the demand for Australian natural resources. But as China’s premier, Wen Jiabao, recently <a href="https://news.xinhuanet.com/english/china/2012-03/14/c_131466703.htm" target="_blank">noted</a>, the days of average annual growth rates in excess of 10% are over. The sooner that we in Australia accept and adjust to this new reality, the better.

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 James Laurenceson is currently a Senior Lecturer in Economics at The University of Queensland. He has previously also held appointments at Shimonoseki City University in Japan and Shandong University in China. This article originally appeared on<a href="https://theconversation.edu.au/" target="_blank">The Conversation</a>. 
 
 
 
 
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Haunted by a Chinese property bubble

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A good turn-out at open for inspections is one of the first indicators that the market’s kicking off – four months into the new year, that’s exactly what we’ve been witnessing in Balwyn. We’ve gone from having four or five people turn up at our opens late 2011 to groups of up to 30 this year – and this is also translating into auction attendance, with our biggest auction last weekend drawing a crowd of 60 people (pictured).
Prior to our first set of auctions kicking off late February, we were already seeing strong signs of confidence returning, with nine private sales taking place in January alone – a record number compared with the usual two or three in previous years. Everybody’s been saying for a long time “save your money or pay your mortgage off before you make your next move”. It’s clear people have listened and are now in a better position to upgrade their lifestyle.
The issue in Balwyn though, is that buyers are ready but the stock is in short supply – not dissimilar to what’s happening around the rest of Melbourne at the moment, but low stock levels has always been a challenge in Balwyn, even last year. So we have an auction-oriented market with properties selling quickly – on average we’re holding six or seven auctions per weekend sometimes up to nine or 10 – and with clearance rates of at least 80%. March in particular was an exceptional month, with 25 auctions and a 90% clearance rate (compared with an average clearance of 65% in November and December).
Our first super Saturday was also a success, with only one property out of 12 passed in – indicative of the short supply in Balwyn and high demand for quality homes. The most astute vendors are reading the market well and seeing an opportunity to put their property on the market when listing numbers are low and there’s little competition against similar properties. They’re also continuing to lean towards auctions because it gives them three opportunities to sell; pre-auction, at auction and post-auction. Buyers also tend to look at auction properties first as they know there’s a limited window of opportunity to buy them and they get snapped up more quickly.
The most popular Balwyn properties are post-war 1950s three-bedroom cream or red brick homes – they sell nearly every weekend in excess of the $1 million mark. The property at <a href="https://www.domain.com.au/ore/Public/PropertyDetails/default.aspx?adid=2009452508" target="_blank">25 Winmalee Road Balwyn</a> is a classic example of the older-style home, recently selling for $1.05 million.
While we have a typical type of house, one thing we don’t have is a typical buyer. Compared to Richmond, for example, where young couples and investors dominate the market, Balwyn boasts an eclectic mix of buyers. It’s for this reason that units such as this one on <a href="https://www.hockingstuart.com.au/?autoSearch=1&amp;OID=3798627&amp;Con=S" target="_blank">Greythorn Road</a> sell well – they’re suitable for a multitude of buyers, from young families to investors or older couples scaling back.
The number of enquiries we’re getting from potential vendors on a weekly basis is also growing – not dramatically, but we’re seeing the market balance out as buyer and vendor expectations start to align. I’m predicting that once Easter and the school holidays are out of the way, May will be our busiest month yet.
The market will remain steady but we may start to see a mild increase in values later in the year – we’re talking 3% to 5%. Days on market will start decreasing and stock levels will steadily start to increase once vendors realise the market’s picking up.
In terms of sale prices the market can be summed up with one word – realistic. Most sales are meeting expectations but not exceeding them. We’re seeing sales occur within the designated price range or slightly above reserve; they’re creeping there and just making it. Vendors are more realistic about market value, buyer confidence has grown but no one’s over-excited – not just yet.
Toby Parker is director of <a href="https://www.hockingstuart.com.au" target="_blank">hockingstuart </a>Balwyn
 
 
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Balwyn: The hockingstuart mid-2012 autumn property review

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Following the successful launch of stage one of its Australia Towers development in Sydney’s Olympic Park, Ecove is set to launch the second stage, ATII.
Stage one of the development, which is now complete, has sold 209 of the 216 apartments, and the 267 apartments in stage two will launch on April 21. Stage one launched in early 2010, and construction finished a few weeks ago. Almost 80% of stage one sold within the first few weeks of the launch. 
<img src="/images/stories/at21.jpg">
The 25-metre sinuous tower is being developed by Ecove and SOPA (Sydney Olympic Park Authority) and is the second of three planned stages.
Olympic Park is a new 640-hectare Sydney suburb about 15 kilometres west of Sydney CBD and became an official suburb in 2009. The locality was part of the suburb of Homebush Bay and was redeveloped for the 2000 Sydney Olympics. More than 5,000 events are held at Blaxland Riverside Park in the suburb every year, and about 500 permanent residents now live there. There are more than 130 businesses in the suburb.
<img src="/images/stories/at23.jpg">
“Sydney Olympic Park is one of Sydney’s few master-planned suburbs, so everything is the best of the best,” says David Chittenden, general manager of residential for Colliers International.
<img src="/images/stories/at211.jpg">
“Residents at ATII will enjoy all the privileges of being in the sporting and entertainment heart of Sydney, with world-class facilities and cultural events at their fingertips, and views that will never be built out.”
<img src="/images/stories/at24.jpg">
Architectural firm Bates Smart has taken a cue from the nearby stadium precinct for the design of ATII.
“We’ve given the building ‘gills’ so that it can breathe,” says Bates Smart director Philip Vivian. “Vertical slots on the northern and southern sides of the facade encourage natural airflow through the apartments and the communal spaces.
“The design maximises light into each apartment, and horizontal sun-shading bands circling the building in varying depths provide added protection to the north.”
<img src="/images/stories/at25.jpg">
The ATII  building will have 95 one-bedroom apartments ranging from $450,000 to $595,000 and from 54 to 71 square metres internally, 132 two-bedroom apartments with between 77 square metres and 122 square metres of internal space and priced between $585,000 and $1,085,000, 26 three-bedroom apartments of between 103 and 159 square metres each ranging from $900,000 and $1,565,000 and 14 four-bedroom units, which will range from between $995,000 and $1.76 million and between 141 and 181 square metres internally. Every apartment will have at least one car space.
“Very few apartment developments offer such practical spaces and high levels of quality,” Chittenden says. “There are four different colour schemes, so buyers have a wide choice.”
<img src="/images/stories/at26.jpg">
ATII will also have four retail spaces, and the three towers between them are set to have 16 shops.
<img src="/images/stories/at27.jpg">
Chittenden says the first stage of the development (pictured above) appealed to a wide variety of buyers, and he expects similar interest for stage two.
<img style="border-style: initial; border-color: initial;" src="/images/stories/at213.jpg">
“There was a broad mix of investors, owner-occupiers, workers from the many local businesses, first-home buyers and even some empty-nesters,” he says. “Most buyers came from the inner west, the Hills district, and the Shire.”
<img src="/images/stories/at28.jpg">
Colliers estimates that one-bedroom units will rent for between $500 and $575 per week and that two-bedroom units will command rents of between $600 and $800 per week. For the pricier, larger apartments, Colliers estimates that the three-bedroom units will rent for between $700 and $1,000 per week, and that tenants will pay between $1,000 and $1,500 per week for the four-bedroom units.
<img src="/images/stories/at29.jpg">
Construction is expected to start on ATII in mid-2012 and finish in early 2014.
 
 
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Olympic Park Australia Towers launches stage two after stage one sells fast out of the starting blocks

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Boom Property Group is bringing more apartment living to a suburb that has become shorthand for house-and-land packages: Caroline Springs.
Caroline Springs, about 25 kilometres from Melbourne, has only had a post office since 2005, but property prices have been increasing rapidly. The average house price was $292,500 in 2007 and is now $420,000, according to RP Data.
<img src="/images/stories/belise1.jpg" style="border-style: initial; border-color: initial;">
"You cannot achieve the Melbourne dream of a three-bedroom house on a 500-square-metre block any closer to the city," demographer Bernard Salt told Fairfax Media about the area in 2007. "As fashionable as inner-city living like the Docklands is, there is still a large market for a suburban allotment - always has been and always will be."
Lend Lease project director Martin Gaedke told Fairfax Media in 2007 that although Caroline Springs buyers were beginning to buy smaller blocks due to affordability concerns, they still watned large homes.
"People still want relatively large houses," he said. "We've recently opened a display village here with more traditional housing, and there are still some very large homes in there. But I suppose over time, with the issue of housing affordability, people may start to review that. We're also finding block sizes may be reducing but houses are still very much the same size."
BPG’s Belise development will comprise 34 two-bedroom units and one three-bedroom unit, ranging from 73 to 99 square metres. Prices for the two-bedroom units start from $391,000.
The development launched on Saturday, March 31.
“Caroline Springs has become one of the most-sought after suburbs in the west, yet rising house prices means buying in the area is now unattainable for many. We have sought to address this demand with Belise,” says BPG managing director George Mariotti.
The $15 million project is designed by Buro Architects to complement the surrounding environment of Caroline Springs.
<img src="/images/stories/belise2.jpg">
“We strived to deliver a development that provides a sophisticated place of residence, from the entry lobby to the spacious apartment interiors, the considered design and high-quality materials flow through to achieve this,” says Paul von Chrismar, director of Buro Architects.
<img src="/images/stories/belise3.jpg">
Construction is due to start in May or June 2012 and finish in May next year.
Belise is within walking distance of many community features, including shops, schools and walking tracks.
BPG specialises in city-fringe locations and has already developed the $7 million Waterford Apartments project in Caroline Springs in November 2011.
 
 
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Boom Property Group launches apartment complex in emerging Melbourne suburb of Caroline Springs

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For Melburnians, Prahran is synonymous with the iconic Chapel Street, hailed as Melbourne’s most stylish shopping precinct and renowned for its funky bars and every cuisine you can think of under the sun. Situated within five kilometres of the CBD, St Kilda and Albert Park, offering every form of public transport – be it tram, train or bus – it’s no wonder it’s a haven for young professionals wanting to make the most of inner-city living.
For these (very) popular reasons, Prahran is an area that doesn’t experience the same level of turnover as some of our nearby suburbs like Brighton. To give you an idea, jump on realestate.com.au and you’ll see Brighton currently holds 42% more stock than Prahran (158 properties listed in Prahran compared to 272 Brighton).
We had our first open for inspections in late January but it wasn’t until  February 11 that we really started building some steam with our first auction. To say things have heated up since then would be an understatement – seven weeks on and we’re working on a clearance rate of 86%.  Bear in mind auctions only represent roughly 70% of our sales and don’t take into account the properties sold privately.  
Statewide, clearance rates are also picking up, with the last few weekends hovering around 60% and Prahran faring even better at 74%. Despite the Big Four breaking ranks with the RBA this year and the unemployment rate dropping in February, confidence is clearly on the rise.
Why? A lot of buyers – especially in Prahran – were holding off towards the end of last year amidst cries of the market ‘bottoming out’. They’re now realising it’s time to get on with their lives while conditions remain favourable. Despite all the hoo-haa around the big four banks raising their rates in February, <a href="https://www.tradingeconomics.com/australia/interest-rate">interest rates are still historically lower – bar the period directly after the GFC – than they have been in a decade.</a>
What’s the major difference between the market now and during the GFC? If you remember back then, despite interest rates hitting a record low of 3% in April 2009, the Rudd government’s boost to the first- home owner’s grant meant property prices were being driven to record highs due to unprecedented demand (not surprising given the first-home owner’s grant was doubled to $14,000 for existing dwellings and incredibly tripled to $21,000 for new homes).
Right now, we don’t have that same level of demand inflating property prices. As a result, housing affordability has never been so attractive, and it’s reflected in what we’re seeing in the marketplace. In the last two months, we’ve seen a 10% increase in our crowd numbers and up to 15% increase in open for inspection attendance. Very strong numbers came through a three-bedroom townhouse we’ve just listed in <a href="https://www.realestate.com.au/property-house-vic-prahran-110000416">Mary Street</a> at our first open. With a lock-up garage and courtyard, and located within walking distance to Prahran Market and Chapel Street, we’re expecting this to sell successfully come auction day.
So what can we expect for the year ahead? Our market will remain steady, so those expecting more price reductions in Prahran will be disappointed. While our median unit price decreased from <a href="https://www.realestateview.com.au/portal/propertydata?rm=medianprice&amp;state=victoria&amp;suburb=prahran&amp;postcode=">$495,000 in December 2010 to $444,000 in December 2011, our median house price actually increased from $899,000 to $997,500.</a> People<a target="_blank" href="https://www.propertyobserver.com.au/victoria/prahran-a-melbourne-auction-hotspot-as-buyers-trade-down-from-toorak/2012040254127"> flock to Prahran because of its lifestyle and location</a>, and these fundamentals won’t change and will contribute to why capital appreciation and rental yields remain consistent.
My advice to buyers is to take advantage of the steadying market now. It’s a bit of a catch 22. You can continue waiting for more confidence to return before buying, but higher confidence means more buyers. With more buyers comes greater competition, and what will that ultimately result in? Higher prices.
Andrew James has more than a 20 years' experience in real estate and is director of <a href="https://www.hockingstuart.com.au/" target="_blank">hockingstuart </a>Armadale.
Photograph of Prahran courtesy of <a href="https://www.flickr.com/" target="_blank">Flickr</a>.
 
 
 
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Prahran: The hockingstuart mid-autumn 2012 property review

A mix of Gold Coast locals, fly-in, fly-out purchasers from Sydney and Melbourne, and Brisbane-based families has driven early sales success at Broadbeach's newest apartment tower, Lumara.

The 26-level project, a joint venture between builder-developer 5Point Projects and Bourke Projects, comprises just 37 luxury residences and is attracting a buyer profile that is looking for exclusivity, above the most amenity-rich suburb on the Gold Coast.

[smartcode_project:default project_id=150454 project_image_fid=364156]

Jamie Bourke, Director of Bourke Projects, says every buyer secured so far intends to use Lumara as a lock-up-and-leave residence, combining holiday use with the ability to work remotely when required.

“The size of the apartments, both half- and full-floor options, and the different zones within the floorplans, lends itself perfectly to dedicated home office setups and multi-generational family holidays,” Bourke says.

That flexibility has become a key drawcard for affluent buyers seeking a second residence on the Gold Coast without sacrificing the ability to conduct business away from their primary home base.

The absence of holiday letting within the building has also resonated strongly with purchasers.

“This type of buyer doesn't need to generate holiday rental income,” Bourke says. “They're paying for exclusivity, privacy and certainty around who their neighbours are.”

[smartcode_project:default project_id=150454 project_image_fid=366491]

The strong demand comes amid broader shifts in the high-end apartment market following the Federal Budget announcements in May.

“We were already seeing strong enquiry from high-net-worth buyers, but that has only accelerated since the policy changes,” Bourke says.

“A lot of those buyers are looking to place more capital into premium lifestyle assets rather than investment-grade stock that has been targeted by the Federal Government.”

[smartcode_project:default project_id=150454 project_image_fid=366486]

Designed by Cottee Parker, Lumara adopts a slender, sculpted form with an emphasis on natural materials suited to its beachfront setting. The architectural approach draws on coastal influences, with a palette of stone, timber and concrete selected for durability and the ability to weather over time.

Apartments are limited to three and four-bedroom configurations, with a maximum of two residences per floor through the mid-levels and a selection of full-floor and dual-level homes in the upper levels. All apartments are oriented to the north to maximise natural light, cross-ventilation and views across the ocean, city skyline and hinterland.

A two-level amenity offering is positioned high within the building on levels 20 and 21, conceived as a sky wellness retreat. Facilities include a magnesium pool, spa, sauna and steam rooms, alongside more social spaces such as a private dining room, resident lounge, workspaces and outdoor barbecue areas integrated with landscaped greenery.

The uppermost levels are reserved for larger-format residences, including several full-floor homes and a dual-level penthouse with its own private wellness features and recreational spaces.

&nbsp;

To give buyers confidence, 5Point and Bourke commenced construction ahead of the apartments launching to the market, a sure-fire way to prove they mean business, and the building will be delivered. They are targeting a 2028 completion date.

[smartcode_project_cta:default project_id=150454]

Joel Robinson

Locals, interstate holiday makers, drive early sales at Lumara, Broadbeach's newest luxury apartment tower

Often when it comes to purchasing property, the biggest barrier to entry is the deposit. Buyers of established homes typically aim for a 20 per cent deposit to avoid the added cost of Lenders Mortgage Insurance, while most property transactions require around a 10 per cent deposit when contracts are exchanged.

The off-the-plan market works differently, with buyers typically paying a deposit during construction and settling the balance upon completion. As completion approaches at <a href="https://www.apartments.com.au/new-apartments/fabbrica-fitzroy-369-gore-street-fitzroy-vic-3065">Fabbrica Fitzroy</a>, developer <a href="https://www.apartments.com.au/developers/pace-development-group">Pace</a> is making it easier for buyers to secure a residence through a deposit-matching incentive. Purchasers need only contribute a five per cent deposit*, with Pace matching the remaining five per cent.

The offer comes as Pace unveils a completed display apartment and townhouse, now available for inspection by appointment ahead of the project's Spring completion.

[smartcode_project:default project_id=139552 project_image_fid=371009]

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/winwood-mckenzie-architecture">Winwood Mckenzie</a> and landscaping by <a href="https://www.apartments.com.au/landscape-architect/acre">Acre</a>, Fabbrica draws on Fitzroy’s industrial and manufacturing history, incorporating references to the former Argyle Shirt Factory and Life Savers Confectionery Company that once occupied the site.

The development comprises 85 residences, spanning low-maintenance apartments through to larger-format townhouses with private street access and double lock-up garages, a relatively uncommon offering in Fitzroy’s higher-density apartment market.

Pace says the project has been designed to appeal to buyers seeking inner-city convenience without sacrificing space, flexibility, or amenity.

[smartcode_project:default project_id=139552 project_image_fid=371016]

Inside the residences, Winwood Mckenzie has focused on adaptable layouts and integrated detailing, with features including custom joinery, and concealed storage solutions. The material palette leans into warm, tactile finishes intended to complement the building’s industrial architectural language.

Fabbrica’s rooftop amenity is a key part of the project offering. Spanning around 800 sqm, the communal rooftop includes a private dining room, communal kitchen, lounge spaces, work-from-home zones, and outdoor dining areas overlooking the Melbourne CBD skyline.

[smartcode_project:default project_id=139552 project_image_fid=371017]

Landscape architecture studio Acre has introduced a layered rooftop garden designed to soften the urban setting while creating a more communal environment for residents.

The Fitzroy location also positions residents within walking distance of Brunswick Street, Smith Street, parks, cafés, galleries, and public transport, while remaining only minutes from Melbourne’s CBD. The project has an enviable Walk Score of 96.

[smartcode_project:default project_id=139552 project_image_fid=371025]

Pace, which is also delivering the project as builder, has developed more than 100 projects across Melbourne over the past three decades. The vertically integrated approach has become increasingly common among developers seeking greater control over construction delivery amid broader market pressures affecting the apartment sector.

The strikingly contemporary Gore Street development is now around 70 per cent complete, with purchasers expected to move into their new homes in Spring 2026. A limited number of residences remain available under the current deposit match offer.

*Conditions apply in relation to the deposit match offer.

[smartcode_project_cta:default project_id=139552]

Pace offers five per cent deposit match at Fabbrica Fitzroy ahead of Spring completion

Sydney developer Hyecorp's roots on the Lower North Shore stretch back three generations, and that deep understanding of the market continues to shape where and how it develops today.

From high-rise towers to boutique apartment projects, the family-run developer has built its reputation by focusing on a part of Sydney it knows intimately. Founded by Michael Abolakian in the early 1990s, Hyecorp is now led by his sons Stephen, Troy and Patrick.

Stephen Abolakian, joint managing director alongside Troy, has spent more than two decades in the business, overseeing development, planning, finance, marketing and sales.

Abolakian says the developer's disciplined focus on where it chooses to operate has been, and continues to be, one of Hyecorp's greatest strengths.

“We know the buyer profile exceptionally well,” Abolakian says.

“The demographics between places like Willoughby, Chatswood, St Leonards and Roseville are very similar. There are nuances between suburbs and projects, but culturally and from a buyer perspective, there’s a strong overlap.”

That buyer has historically been overwhelmingly owner-occupier driven.

Unlike many Sydney apartment developers that have traditionally relied heavily on investor demand, Hyecorp’s projects have typically attracted downsizers, upsizers, rightsizers and family owner-occupiers seeking long-term homes rather than short-term investments.

“Historically, investors have been a much smaller portion of our demand profile,” Abolakian says.

“We design for owner-occupiers. We don’t design for yield, we design for comfort, amenity, family living and long-term usability.”

That philosophy extends well beyond apartment layouts.

From landscaping and communal gardens to shared amenities and circulation spaces, Hyecorp’s developments are designed around how people actually live, something Abolakian believes has become increasingly important in Sydney’s apartment market.

“There was probably a period where having an approved project in market was enough,” he says.

“There wasn’t as much competition and if you built it, buyers would come. That’s no longer the case.”

“There’s more supply in the pipeline now, particularly with TOD precincts and low and mid-rise reforms opening up opportunities across Sydney. Buyers have more choice, so if you get the product wrong, they’ll simply go elsewhere.”

[smartcode_project:default project_id=110379 project_image_fid=311393]

The shift has forced developers to become more sophisticated in how they approach apartment design, particularly as owner-occupier expectations continue to rise.

For Hyecorp, that means thinking beyond who the buyer is today and designing for who they may become in five or 10 years' time.

“People buying now often aren’t moving in for several years,” Abolakian says.

“You might have a young couple buying today, but by the time they move in they may have children, older children, or changing lifestyle needs. You’ve got to think about how families evolve.”

That thinking also shapes Hyecorp’s approach to amenity, which positions wellness at the forefront.

[smartcode_project:default project_id=149594 project_image_fid=362634]

While resort-style facilities have become increasingly common marketing tools across Sydney apartment developments, Abolakian says the challenge is ensuring amenities are genuinely usable and appropriate for the scale of the project.

“If amenities are done right, they can materially improve the living experience,” he says, adding however that if you&nbsp;overdo it or get it wrong, you can end up with facilities nobody uses that simply create ongoing strata costs.”

That balance is something Hyecorp is aiming to strike with projects like Roseville Avenue, one of the group's upcoming Lower North Shore developments, which Abolakian describes as bringing a resort-style living experience into a metropolitan setting.

“It’s about creating something that feels special without being excessive,” he says.

“Good gardens, quality apartments, thoughtful amenity. Creating that resort feeling in a metro location.”

<img alt="Hyecorp" data-entity-type="file" data-entity-uuid="13c4c0f3-b1b7-44cf-9344-0b3d1d07797a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-02%20at%2012.14.57%E2%80%AFPM.png?VersionId=9OLWjyj2bYkDV35F78WJnyMSPfc2bJ2z" />

The focus on owner-occupier product comes as Sydney’s apartment market continues to navigate a difficult development environment.&nbsp;For Hyecorp, maintaining an in-house operating model across construction, sales, marketing and development management has become increasingly important in navigating that environment.

“We’ve always believed in keeping a lot of the process in-house,” Abolakian says.

“It creates efficiencies, but it also creates quality control. You can make faster decisions and ensure the end product stays aligned with the original vision.”

Despite the challenges, Abolakian believes demand for quality owner-occupier apartments across Sydney remains strong beneath the surface, particularly across established Lower North Shore suburbs where downsizers continue to seek new housing options close to existing communities.

“There are definitely people waiting,” he says.

“Once some of the broader uncertainty settles, whether that’s the global environment or some of the local economic noise, I think the right projects will perform very strongly.”

Hyecorp currently has three residential developments on the market across Sydney’s Lower North Shore.&nbsp;Audrey, St Leonards, positioned opposite Newlands Park, is nearing completion and preparing to welcome its first residents, with the project now almost sold out.

Hyecorp has also recently launched&nbsp;<a href="https://www.apartments.com.au/new-apartments/celine-chatswood-37-archer-street-chatswood-nsw-2067">Celine Chatswood</a>, an architectural tower, while continuing to deliver&nbsp;<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet Roseville</a>, a more boutique scale of development with just 34 apartments.

Why Hyecorp continues to back Sydney's Lower North Shore apartment market

South East Queensland’s apartment market is entering a new phase defined by rising prices, constrained affordability, and mounting pressure on the construction pipeline, according to RPM Group’s latest SEQ Apartments &amp; Townhomes Market Report.

The May 2026 report highlights a widening divide between what buyers can afford and what developers can viably deliver, with detached house prices continuing to push more buyers toward apartments across Brisbane, the Gold Coast, and the Sunshine Coast.

RPM says Brisbane’s median house price has reached around $1.5 million, accelerating the shift toward higher-density housing as buyers are increasingly priced out of the detached market.

[smartcode_project:default project_id=135094 project_image_fid=356540]

Median unit prices rose across all three major SEQ markets in the March quarter. Brisbane City recorded the strongest annual growth, with median unit prices climbing 21 per cent to $862,000, while the Gold Coast reached the highest overall median at $950,000, up 17 per cent year-on-year. The Sunshine Coast followed at $870,000, representing annual growth of nine per cent.

RPM noted the affordability gap between houses and units remains significant, with detached homes commanding premiums of 67 per cent in Brisbane and 68 per cent on the Gold Coast relative to apartments.

The report suggests this price disparity is increasingly consolidating buyer demand within the apartment market, particularly among downsizers and owner-occupiers.

“Demand is real. Supply is moving. But they’re operating on different timelines and the gap between what’s being built and what buyers can afford is the defining tension in this market right now,” RPM Queensland and NSW Managing Directors Peter Neale and Clinton Trezise said in the report.

[smartcode_project:default project_id=150787 project_image_fid=366230]

While approvals and commencements are strengthening, RPM argues the delivery pipeline remains constrained by construction costs, labour shortages, and extended build timelines.

Apartment approvals across Queensland increased 86 per cent over the year to February 2026, reaching 12,682 approvals, the highest level recorded since 2016. Brisbane overtook the Gold Coast as the state’s most active apartment approval market, with nearly 5,000 apartments approved over the past 12 months.

Unit commencements also strengthened considerably, rising 48 per cent year-on-year to 5,453 commencements in the December 2025 quarter, the highest level since 2018.

However, RPM’s research found apartment delivery timeframes have expanded sharply compared to the previous cycle. Projects are now averaging around 30 months from approval to completion, compared to roughly 20 months a decade ago.

[smartcode_project:default project_id=143932 project_image_fid=367515]

The number of units under construction has climbed to approximately 31,530 dwellings, nearing the previous 2016 peak, though projects are remaining in the pipeline for considerably longer.

Construction costs continue to weigh heavily on feasibility. RPM found the average apartment construction cost in Greater Brisbane reached $630,000 per dwelling in 2025, exceeding both Sydney and Melbourne. Coastal Queensland markets, including the Gold Coast and Sunshine Coast, were even higher at an average of $817,418 per apartment due to the prevalence of larger premium product.

The report also points to increasing pressure from Olympic-related infrastructure spending ahead of Brisbane 2032, with labour competition expected to intensify over the next several years.

[smartcode_project:default project_id=150017 project_image_fid=370960]

ANZ Associate Director of Property Daniel Gradwell said the underlying demand drivers across South East Queensland remain strong, supported by interstate migration, downsizers, and population growth.

“The challenge is bringing enough supply to market to meet that demand, and nothing on the horizon makes that straightforward,” Gradwell said.

RPM’s analysis found the affordability challenge is becoming more pronounced in the new apartment market itself, with only three per cent of surveyed new apartments priced below $1 million.

Instead, the market is increasingly concentrated in higher price brackets, with the most common new apartment price band across SEQ sitting between $1.5 million and $1.75 million. Around half of all new apartment stock surveyed is priced below $2 million.

The report suggests developers are not necessarily avoiding lower price points by choice, but because current construction economics make delivering affordable apartments increasingly difficult at scale.

Rental conditions also remain tight across the region. Median rents for one-bedroom apartments rose 12 per cent in Brisbane over the past year to $580 per week, while Gold Coast one-bedroom rents increased nine per cent to $630.

Despite rising rents, RPM noted bond lodgements have generally trended downward over the past five years, indicating more apartments are being absorbed by owner-occupiers rather than retained as investor-held rental stock.

Looking ahead, RPM expects projects targeting the mid-market owner-occupier segment between $1.25 million and $2 million to remain the most viable part of the market, while premium projects in highly constrained coastal or riverfront locations continue to attract demand.

“Construction costs are rewriting the feasibility rulebook across Greater Brisbane, and with little relief in sight, only projects in the right price band, right location, and with presales secured early will make it through,” the report concludes.

SEQ apartment demand outpacing affordable supply as construction timelines stretch: RPM

Camberwell Junction has long been the epicentre of amenity in Melbourne’s Boroondara region.

For nearly a century, it has drawn both locals and visitors, anchored by the Camberwell Sunday Market, which first operated in 1929 and quickly became a fixture of the suburb’s identity. Over time, the Junction evolved into one of Melbourne’s most established retail and lifestyle precincts, now comprising more than 400 stores and over 300 commercial businesses.

Despite that depth of amenity, one thing has remained notably limited: the supply of new apartments.

In a suburb defined by its heritage streetscapes and tightly held residential stock, new development opportunities have been scarce, particularly within the core of the Junction itself. That lack of supply has left a gap in the market for larger, design-led apartments suited to downsizers and owner-occupiers wanting to remain in the area.

Boutique developer Above Zero identified that gap when it secured a prime site on Burke Road, in the heart of Camberwell Junction.

[smartcode_project:default project_id=4896 project_image_fid=368543]

The site has a long planning history. Various proposals have been put forward over more than a decade, many of which were knocked back by the City of Boroondara, with initial applications dating back to 2015. Above Zero acquired the site in 2022 and returned with a revised scheme, refining both the building’s height and its ground-level interface to better align with Council expectations.

That process has culminated in approval for Camberwell House.

The Cera Stribley-designed development will deliver 57 residences on a 1,950 sqm site within the Camberwell Activity Centre, placing it directly within one of Melbourne’s most established retail and transport hubs.

It is expected to be one of the only new apartment developments to launch in the Junction in recent years, reinforcing the rarity of new supply in the precinct. Currently, there are just a handful of projects on the market in Camberwell, underscoring the significance of a development of this scale and positioning.

[smartcode_project:default project_id=4896 project_image_fid=368544]

Camberwell House has been conceived with a clear focus on larger-format apartments. The project will offer a mix of two-, three- and four-bedroom residences, alongside a limited number of penthouses, targeting owner-occupiers seeking scale rather than volume-driven product.

The building’s vertical presence will also set it apart.

Positioned on Burke Road, the development is set to become one of the taller buildings in its immediate context, allowing for elevated outlooks across Melbourne’s CBD skyline and toward the Dandenong Ranges. In a precinct characterised by lower-scale built form, that height provides a point of differentiation, particularly for buyers seeking outlook and natural light.

[smartcode_project:default project_id=4896 project_image_fid=368568]

Architecture has been led by Cera Stribley, with interiors by GOLDEN and landscape design by Florian Wild. The design approach centres on material consistency and restraint, with residences oriented to maximise light, ventilation and connection to outdoor spaces.

Full-height glazing and generous terraces form a key part of that strategy, allowing apartments to extend beyond their internal footprint and engage with the surrounding environment.

Beyond the private residences, a significant component of the project is its amenity offering.

Above Zero has positioned Camberwell House as a “complete living environment”, incorporating a full floor dedicated to resident facilities. At the centre of that is a wellness zone, including a 12.5-metre lap pool, spa, sauna and treatment spaces, alongside a gym and recovery-focused amenities.

This level of amenity is more commonly associated with inner-city developments, rather than established middle-ring suburbs like Camberwell.

[smartcode_project:default project_id=4896 project_image_fid=368588]

Additional shared spaces include a private library lounge, dining and entertaining areas, and an indoor golf simulator. A self-contained guest suite has also been incorporated, allowing residents to accommodate visiting family or friends without impacting their primary living space.

The inclusion of these facilities reflects a broader shift in buyer expectations.

As more downsizers look to transition from larger family homes into apartments, there is increasing demand for developments that offer not just a residence, but a lifestyle. That includes access to wellness, social and entertaining spaces within the building itself, reducing the reliance on external amenity while still maintaining proximity to established precincts.

Camberwell House is positioned to benefit from both.

Its location places it within immediate walking distance of Camberwell Junction’s retail and dining offering, as well as public transport connections, including tram and train services. That combination of internal amenity and external convenience is central to its appeal.

<section data-scroll-anchor="false" data-testid="conversation-turn-150" data-turn="assistant" data-turn-id="request-WEB:55d7c6ac-8e6d-4881-ad49-0ed9bf66d1cc-74" dir="auto">
Jellis Craig Projects Director Stephen Bowtell is handling sales for the project and says Camberwell House offers a rare entry point into one of Melbourne’s most tightly held markets.

“Buyers are recognising that Camberwell House offers something they simply haven’t seen before in Boroondara,”&nbsp;Bowtell&nbsp;says.

“It combines a level of resident amenity and service typically associated with Melbourne’s premium inner-city developments, while being positioned right in the heart of Camberwell Junction.

“The response to the concierge offering has been particularly strong. Buyers appreciate not only the convenience, but also the sense of security and peace of mind that comes from having a dedicated presence in the building every day.

“When you combine that with the wellness facilities, the exceptional arrival experience, and panoramic views across both the CBD skyline and the Dandenong Ranges, it creates a lifestyle proposition that is genuinely unique within the local market.”
</section>

[smartcode_project_cta:default project_id=4896]

Cassidy Knowlton

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