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Whether entertaining, dining or just admiring the view, stunning vistas are a great addition to residents’ quality of life.

Beautiful panorama's not only provide gorgeous eye candy but are also a significant value addition to many properties.

Here are eleven properties in Victoria with incredible urban vistas

1. 661 Chapel Street 
Address: 661 Chapel Street, South Yarra VIC 3141 
Two-bedroom apartments from $798,000

[smartcode_project:default project_id=600]

<a href="/buildings/661-chapel-street-661-chapel-street-south-yarra"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/661_chapel_street_vista.jpg"></a>

Gamuda Land's 661 Chapel Street is one of Melbourne’s latest luxury developments with 116 one, two, three and four-bedroom residences available across 30 floors.

Sales are well underway on the bird de la Coeur architects designed project, which was completed last year, with local and international buyers snapping up the apartments quickly.

Situated beside the Yarra River, 661 Chapel Street enjoys views of the river, Melbourne CBD and the Bay.

Among its extensive hotel-inspired resident amenities, it boasts a winter garden, 25-metre pool and members’ lounge; all of which you can enjoy a stunning view from.

2. Canvas 
Address: 272 Barkly Street, Brunswick VIC 3056 
Two-bedroom apartments from $680,000

[smartcode_project:default project_id=29358]

ID_Land’s latest Brunswick development, Canvas offers residents a premier home with breathtaking vista's.

Designing a building offering a collection of 62 one, two and three-bedroom apartments, Rothelowman Architects has placed people at the cornerstone of their design.

Located on the building’s rooftop sits a variety of communal spaces providing residential amenity and green spaces, with views of Melbourne’s city skyline and parks.

Canvas lies in the heart of Brunswick’s vibrant community with sweeping views over both the horizon as well as retail hotspots, diverse eateries and bustling bars that are just a short walk away.

3. Moreville 
Address: 12-18 Napier Street, Footscray VIC 3011 
Two-bedroom apartments from $595,000

[smartcode_project:default project_id=2060]

<a href="/buildings/moreville-12-18-napier-street-footscray" target="_blank"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/moreville_vista.jpg"></a>

Sering development's Moreville, is one of Urban’s latest Footscray development, with 43 apartments on offer in two and three-bedroom configurations, priced from $525,000 and $1,128,000 respectively.

Designed by Moull Murray Architects, the six-storey building offers numerous amenities, including an al fresco coffee shop, rooftop residents’ lounge and barbeque terrace with views to the Melbourne city skyline.

Set in a quiet tree-lined street just 500-metres from Footscray train station, Moreville offers both pleasing scenery and the height of convenience.

4. Seafarers 
Address: 731 Flinders Street, Docklands VIC 3008 
Two-bedroom apartments from $1,195,000

[smartcode_project:default project_id=27728]

<a href="/new-apartments/seafarers-docklands-731-flinders-street-docklands"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/seafarers_vista.jpg"></a>

Delivered by Riverlee, Seafarers offers a boutique collection of 123 sublimely crafted one, two and three-bedroom residences.

Designed by Fender Katsilidis and partnering with Australia’s first 1 Hotel, Seafarers offers both panaromic city vista and hotel style amenities.

Situated on 220-metres of uninterrupted riverfront, residents benefit from sweeping views from the Yarra to Port Phillip Bay at Docklands’ Seafarers.

It is set for completion in 2023.

5. Verre 
Address: 296 Plenty Road, Preston VIC 3072 
Three bedroom residences from $815,000

[smartcode_project:default project_id=7275]

Located in Melbourne’s Preston, Verre is the latest offering from Wolf&amp;Lamb.

The Chamberlain Architects designed residences are an entertainers’ delight. Large balconies connect the living room to the outdoors and a rooftop terrace offers a space to host friends or relax against the Melbourne city skyline.

Situated in the heart of Preston, Verre which holds sweeping cityscape views is set for completion in early 2022.

One bedroom apartments are available from as low as $385,000.

6. Melbourne Grand 
Address: 560 Lonsdale Street, Melbourne VIC 3000 
Two bedroom residences from $569,000

[smartcode_project:default project_id=3490]

<a href="/buildings/melbourne-grand-560-lonsdale-street-melbourne" target="_blank"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/melbourne_grand_vistas.jpg"></a>

Just completed &amp; ready to move in, Melbourne Grand offers stunning city views &amp; outstanding living experience rising 58 storeys above the CBD. Just a short walk to Queen Vic Market, Southern Cross Station &amp; Flagstaff Gardens.

Delivered by Central Equity, the Guildford Bell and Graham Fisher Architects designed project comprises 652 gorgeous residences. Each with access to resort style amenities and cityscape views.

The award winning development represents builder Multiplex’s 18th project for developer Central Equity.

7. Parkhill Apartments 
Address: 408 Spencer Street, West Melbourne VIC 3003 
Two bedroom residences from $619,000

[smartcode_project:default project_id=27406]

<a href="/buildings/parkhill-apartments-west-melbourne-408-spencer-street-west-melbourne"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/parkhill_vista.jpg" style="width: 621px; height: 398px;"></a>

A great example of an affordable brand-new apartment building with the added bonus of on-site amenities, is Central Equity's latest development, Parkhill Apartments.

Defined by its stylish apartment designs and compelling CBD fringe location, the project is selling now at a very competitive pricepoint compared to properties akin to Parkhill in the West Melbourne area.

Amenities include a rooftop gym and relaxing rooftop garden, complete with BBQs and outdoor seating, all of which display stunning vista's over the Melbourne skyline.

Plus for a limited time, owner-occupier buyers can save up to $73,000 thanks to the HomeBuilder Grant, stamp duty savings and developer incentives. All you have to do is check you meet the eligibility criteria.

8. K1 Residences 
Address: 1 Union Street, Melbourne VIC 3004 
Four bedroom residences from $2,590,000

[smartcode_project:default project_id=2772]

Setting a new benchmark for luxury residences in Victoria, K1 Residences offers buyers the chance to secure a bespoke, whole-floor residence with panoramic views.

The calm and picturesque neighbourhood sits minutes from Albert Park Lake, St Kilda and Prahran.

Delivered by Optimus Developments, the distinctive building boasts 13 four-bedroom apartments, offering warm sophistication and timeless beauty.

With moody tones, 360-degree views and French oak, K1’s home-sized residences sacrifice nothing. Designed by DE atelier Architects and Bergman &amp; Co., the homes include spacious garden balconies, floor-to-ceiling windows and doors and oversized bathrooms.

It is set for completion in the upcoming few months.

9. Melbourne Square 
Address: 93-119 Kavanagh Street, Southbank VIC 3006 
Two bedroom residences from $642,000

[smartcode_project:default project_id=2929]

<a href="/buildings/melbourne-square-93-119-kavanagh-street-southbank"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/melbourne_square_vista.jpg" style="width: 672px; height: 406px;"></a>

OSK Property have recently launched a brand new boutique collection of homes at Melbourne Square.

Featuring four distinct design themes, it has been architecturally designed by Cox Architecture, with interiors by designer Sue Carr, creating flawless spaces which make the most of the spectacular city views on offer.

Each bedroom boasts a stunning view of the city via floor-to-ceiling glazing, plus master suites offer a unique panoramic city vista.

Set for completion in mid 2021, amenities include a full-line Woolworths and other shops as well as resort-style facilities including pools, sauna, spa, gymnasium and a yoga room.

10. Voyager 
Address: 103 South Wharf Drive, Docklands VIC 3008 
Two bedroom apartments from $706,500

[smartcode_project:default project_id=3494]

Dominating the Docklands skyline Mirvac’s latest development is among Melbourne’s most chic high-rise residential towers.

The 43-storey building is thoughtfully designed and luxuriously appointed, boasting 315 contemporary apartments in one, two and three-bedroom configurations.

Voyager offers panoramic city and water views, sleek floor-to-ceiling windows and the precinct’s first-ever rooftop lifestyle space, with skydeck and bar.

It is the latest tower in Yarra’s Edge, Mirvac's Docklands master planned community with vast parklands, and over 1,000 square metres of fine dining and retail that line the serene harbour boardwalk.

11. R. Iconic  
Address: 253-273 Normanby Road, South Melbourne VIC 3205 
Two bedroom apartments from $722,500

[smartcode_project:default project_id=5234]

<a href="/buildings/r-iconic-south-melbourne-259-normanby-road-south-melbourne"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/r_iconic_vista.jpg" style="width: 771px; height: 403px;"></a>

This $850 million development from R.Corporation has been designed by Plus Architecture with the owner-occupier in mind.

Featuring amenities offered nowhere else, like an infinity running track and whiskey bar, all while holding protected water views which are guaranteed to remain thanks to its locality and planning footprint.

A prime park front location between the city and the water, R. Iconic sits adjacent to the highly sought after Albert Park, Middle Park and South Melbourne suburbs, and only 2 km from the Melbourne CBD.

Construction of R.Iconic is underway, with completion estimated for 2022.
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Beautiful panorama's not only provide gorgeous eye candy but are also a significant value addition to many properties

jordan_55689

Check out 11 apartments in Melbourne with incredible city views

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EXPERT INSIGHT

The records have continued to tumble for the Aussie property market in early 2021. National home prices surged 2.1 per cent in February – the most since August 2003. Regional home prices also gained 2.1 per cent – the most in 17 years. And capital city home prices rose by 2.0 per cent – the biggest lift since September 2003.

Home prices are at record highs in Canberra, Adelaide, Brisbane and Hobart. Canberra home prices (up 1.9 per cent) rose the most in 13½ years; Perth home prices (up 1.55 per cent) lifted the most in 14 years; Brisbane home prices (up 1.5 per cent) gained the most in 13 years; and Hobart home prices (up 2.5 per cent) surged the most in 17 years. And it was the biggest lift in Sydney home prices (up 2.5 per cent) and Melbourne (up 2.1 per cent) since late 2019. 

But it’s regional Aussie housing markets – benefiting from lifestyle choices, remote working arrangements, internal migration, closed borders and better affordability – that are seeing massive price gains during the pandemic. Regional home prices climbed by 2.1 per cent in February – the biggest lift in 17 years. Regional home prices surged 9.4 per cent in the year to February – the strongest annual growth rate in 16½ years. CoreLogic data also shows that median home prices are at record highs in 53 of the 88 SA4 regions with just Townsville (down 0.6 per cent) and the NSW Riverina (down 0.3 per cent) posting price declines in February.

<img alt="" height="961" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/commsec_house_lift_figures.jpg" width="1200">

Can home prices lift further from here? Absolutely. Preliminary CoreLogic capital city auction clearance rates hit 81.9 per cent last weekend with buyers keen to borrow to upgrade or buy another home.

The smaller capital cities are leading home price gains with Sydney and Melbourne still lagging. In fact, dwelling prices in Sydney are still 1.1 per cent below the July 2017 peak and Melbourne home prices are 1.7 per cent below the March 2020 peak. And resources boom towns – Perth and Darwin – still have a lot of catching up to do. In fact, Perth home prices are still a huge 17.4 per cent below the June 2014 peak and Darwin prices are 23.4 per cent below the April 2014 peak.

While slower population growth and rising supply of detached houses could slow price momentum, Commonwealth Group (CBA) economists forecast national home prices to lift by around 8.0 per cent in 2021. 

<h2>What do the figures show?  </h2>

Home prices – February 2021

The CoreLogic Home Value Index of national home prices rose by 2.1 per cent in February to be 4.0 per cent higher over the year. 

In capital cities, prices rose by 2.0 per cent to be up 2.6 per cent over the year. House prices climbed 2.3 per cent and apartment prices rose by 1.1 per cent. House prices were up 3.6 per cent on a year ago, but prices of apartments decreased by 0.1 per cent.

In regional areas, home prices jumped 2.1 per cent with house prices also up 2.1 per cent and apartment prices up by 1.9 per cent. Regional home prices were up 9.4 per cent on the year with houses lifting 9.7 per cent and apartments up 7.9 per cent.  

The average Australian capital city house price (median price) in February was $723,607 and the average unit price was $581,652.

Home prices were higher in all eight capital cities in February: Sydney (+2.5 per cent); Melbourne (+2.1 per cent); Brisbane (+1.5 per cent); Adelaide (+0.8 per cent); Perth (+1.5 per cent); Hobart (+2.5 per cent); Darwin (+0.7 per cent); Canberra (+1.9 per cent).

Home prices were higher than a year ago in seven of the eight capital cities in February: Sydney (+2.8 per cent); Melbourne (-1.3 per cent); Brisbane (+5.0 per cent); Adelaide (+7.3 per cent); Perth (+4.6 per cent); Hobart (+8.7 per cent); Darwin (+13.8 per cent); Canberra (+9.7 per cent).

Total returns on national dwellings rose by 7.6 per cent in the year to February with houses up 8.5 per cent and units up by 5.0 per cent on a year earlier. In contrast, the S&amp;P/ASX All Ordinaries Accumulation Index rose by 9.6 per cent over the year to February.

<h2>Conclusion</h2>

Australia’s property market is strong, driven by record-low borrowing costs, government stimulus, low housing inventories and an improving labour market backdrop. Of course, the lift in home prices is good for the household ‘wealth effect’ and consumer confidence – pivotal for continued retail spending. The lift in home building supports jobs in the construction sector with ‘brickies’ in short supply. But housing affordability is becoming an issue with Sydney the third least affordable and Melbourne the sixth least affordable housing markets according to recent reports from Bloomberg, Urban Reform Institute and Frontier Centre for Public Policy.

That said, the Reserve Bank’s private sector credit or loans data released last Friday suggests that housing sector credit growth (up 3.6 per cent over the year to January 2021) remains subdued when compared with historic levels. CBA Group economists expect housing credit growth to remain low and do not expect macro‑prudential policies to be implemented in 2021. But the lift in household mortgage debt will unnerve policymakers.

Australia’s factory sector is in good shape. According to the AiGroup, production rose to multi-decade highs in February. The AiGroup gauge hit 3-year highs with surveyed purchasing managers suggesting that government stimulus is driving up demand as the economic recovery gains traction.
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Biggest lift in Australian home prices in 17 years: CommSec's Ryan Felsman

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<h2>What is Stamp Duty?</h2>

Stamp duty, or land transfer duty as it’s known in Victoria, is a once-off government tax on buying property payed by the purchaser. It is based on the purchase price and calculated via a scale, in a similar manner to income tax.

However, these standard rates don’t apply to all property purchases, particularly first home owners and foreign buyers.

Pictured below is a full tabulation of how transfer duty is calculated in Victoria.

<img alt="" height="246" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/stamp_duty_guide_vic.jpg" width="786">

<h2>Stamp duty on foreign purchasers</h2>

However, these rates don’t apply to all buyers or all types of property purchases. Foreign purchasers often have to pay additional duty of up to seven percent.

You can read more about the stamp duty provisions affecting foreign purchasers on the <a href="https://www.sro.vic.gov.au/foreignpurchaser" target="_blank">State Revenue Office website</a>.

<h2>Stamp Duty exemptions for first home buyers</h2>

The Victorian government’s current policy as of 2017 is the complete exemption of stamp duty for first home owners purchasing a property valued at up to $600,000. A saving of up to $31,070.for first home buyers.

For first home buyers purchasing a home valued between $600,001 and $750,000 a concessional rate of stamp duty applies.

Unlike the NSW First Home Owner Grants (FHOG), the stamp duty concession and exemption apply to all property types.

<h2>Other Stamp Duty exemptions and concession</h2>

Victoria also provides a concession to all purchasers of properties valued between $130,000 and $550,000 from paying stamp duty where they intend to use that property as their principal place of residence.

The rate of concession equates to a one percent reduction for all properties valued between $130,000 and $440,000 and a flat reduction of $3,100 for properties valued between $440,001 and $500,000.

There is also a “principal place of residence (off the plan concession)”, which only people purchasing an off the plan property they intend to use as their home are eligible and a threshold applies to the dutiable value of the property. This is $550,000 for non-first home buyers and $600,000 (for an exemption) $750,000 (for a concession) for first home buyers.

The Victorian government also provides a stamp duty exemption to pensioners buying a home valued at under $330,000 and a concessional rate to pensioners buying a home valued between $330,001 and $750,000.

Below are some properties eligible for stamp duty exemptions in Victoria:

1. Melbourne Quarter, Docklands 
Address: 628 Flinders Street, Docklands VIC 3008 
One-bedroom apartment from $458,000

[smartcode_project:default project_id=3459]

2. Live City, Footscray 
Address: 124-188 Ballarat Road, Footscray VIC 3011 
Two-bedroom apartments from $460,000

[smartcode_project:default project_id=3565]

3. Melbourne Grand, Melbourne 
Address: 556-558 Lonsdale Street, Melbourne VIC 3000 
One-bedroom apartments from $489,000

[smartcode_project:default project_id=3490]

 

Click here to view <a href="/news/vic/save-thousands-melbourne-apartments-you-can-buy-without-paying-stamp-duty" target="_blank">six homes in Melbourne you can purchase without paying stamp duty</a>.
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Stamp duty, or land transfer duty as it’s known in Victoria, is a once-off government tax on buying property payed by the purchaser

What is stamp duty? A guide to stamp duty in Victoria

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<h2>What is Stamp Duty?</h2>

Stamp duty, or transfer duty as it’s known in NSW, is a once-off government tax on buying property payed by the purchaser. It is based on the purchase price and calculated via a scale, in a similar manner to income tax.

However, these standard rates don’t apply to all property purchases, particularly first home owners and foreign buyers.

Pictured below is a full tabulation of how transfer duty is calculated in NSW.

<img alt="" height="821" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/transfer_duty_nsw.jpg" width="1600">

<h2>When to pay Transfer Duty</h2>

You must pay transfer duty within three months of signing a contract for sale or transfer, except in the case of off-the-plan purchases.

If you buy off-the-plan and you intend to live in the property, you may be able to defer your transfer duty liability for up to 12 months.

[smartcode_project:default project_id=32227]

<h2>Recent Stamp Duty News</h2>

Recently the New South Wales Government announced it would provide duty and land tax incentives for qualifying "build-to-rent projects". 

The incentives include, an exemption from "surcharge purchaser duty" (the foreign investor duty surcharge on residential property).

The concessions are offered for a maximum period of 20 years, expiring in 2040.

[smartcode_project:default project_id=24323]

<h2>Stamp Duty exemptions</h2>

The NSW government’s current policy as of 2017 is the complete exemption of stamp duty for first home owners purchasing a property valued at up to $650,000. A saving of up to $24,470 for first home buyers.

For first home buyers purchasing a home valued between $650,001 and $850,000 a concessional rate of stamp duty applies.

Unlike the NSW First Home Owner Grants (FHOG), the stamp duty concession and exemption apply to all property types.

[smartcode_project:default project_id=7317]

Check out the <a href="https://www.revenue.nsw.gov.au/taxes-duties-levies-royalties/transfer-duty" target="_blank">NSW Government Website more information on NSW Transfer Duty</a>
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Stamp duty, or transfer duty as it’s known in NSW, is a once-off government tax on buying property payed by the purchaser

What is stamp duty? A guide to stamp duty in New South Wales

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Experts and economists are united in their view that the RBA will hold the cash rate this month, with only one prediction for any movements at all in 2021, according to the latest survey from Finder.com.au.

Tony Makin of Griffith University, believes the rate will increase this year due to the economic effects of the COVID-19 vaccination rollout.

“Global economic activity will pick up as countries are vaccinated. Given the expansion in money supplies, other things equal this will put upward pressure on inflation. Otherwise, macroeconomics textbooks need to be rewritten. 

“At the same time, record-breaking levels of public debt worldwide will continue to exert upward pressure on bond yields," Makin said.

Shane Oliver from AMP Capital said that while the economy has recovered faster than expected, the RBA is still a long way away from meeting its inflation and employment goals. 

“A rate hike is still a long way away. 

“That said, the faster than expected recovery will likely see the first hike occur earlier than the RBA's expectation of ‘no increase before 2024’. It could come late next year or early 2023," Oliver said.

Positive sentiment around both housing affordability (3%) and cost of living (3%) reached the lowest level ever recorded since the Finder survey began in 2018.

Employment continued to be the highest indicator measured with 55% expressing positive sentiment, down from its record-high of 73% last month.

Positive sentiment around employment plummeted to 0% in April when the lockdowns first began, but the nation’s stronger-than-expected economic recovery has resulted in a rosier outlook for the job market. 
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Experts and economists are united in their view that the RBA will hold the cash rate this month, with only one prediction for any movements at all in 2021

Experts and economists forecast a cash rate lockdown until 2022

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There were 2,839 properties for rent in Perth at the end of February, according to reiwa.com data.

"This marks the sixth consecutive month we’ve seen listings sit below 3,000. Perth desperately needs an influx of rental stock in the market to provide renters with more housing options,” REIWA president Damien Collins said.

Perth’s median rent price held at the five year high of $400 per week in February, which is on par with January and $40 more per week than February 2020.

Reiwa.com data shows 258 Perth suburbs saw an increase in rent during February. The suburbs with the biggest increase in median rent were Subiaco (up $23 to $723), Scarborough (up $20 to $520), Ellenbrook (up $10 to $370), Belmont (up $10 to $380) and Greenwood (up $10 to $410).

There were 186 Perth suburbs that recorded an increase in leasing activity during the month.

Beeliar saw the biggest increase in leasing, with activity up 29 per cent in February compared to January. Other suburbs to perform well were Innaloo (up 22 per cent), Greenwood (up 14 per cent), Gosnells (up nine per cent), Rivervale (up eight per cent) and Canning Vale (up four per cent).

It took a median of 19 days for a lessor to find a tenant for their property in February.

“Median leasing days are the lowest they have been since June 2013. Like we are seeing in the sales market, with so few available listings, tenants are having to act very quickly to secure a rental,” Mr Collins said.

“Perth is in desperate need of more rental stock to help ease the rental shortage. In order to do this, we need to entice investors back to the market."

“While the end of the rental moratorium later this month will remove one of the barriers for investors, more needs to be done to encourage residential property investment in WA and ensure there are enough rentals in the market to keep up with tenant demand,” Mr Collins concluded.

<h2>Perth properties on the market:</h2>

[smartcode_project:default project_id=7854]

[smartcode_project:default project_id=8515]

[smartcode_project:default project_id=8514]
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There were 2,839 properties for rent in Perth at the end of February, and with a median 19 days for a property to be leased, the market desperately needs a supply boost

Perth's leasing market is facing a supply shortage crisis

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Perth's for sale listings dropped to a 10 year low in February, with just 7,899 properties listed on reiwa.com at the end of the month.

REIWA President Damian Collins said this was the seventh consecutive month listings for sale had declined in Perth.

“We’ve seen an extraordinary decline in listing volumes in a relatively short amount of time. In the span of a year, listings have dropped 36.5 per cent to now sit below 8,000 for the first time in about a decade. Buyers are very active in the market and soaking up stock at a rapid pace,” Mr Collins said.

The median time to sell a property sits at just 21 days in February. This is on par with January, but 25 days quicker than it was in February 2020.

"The last time we saw houses sell this fast was 2006,” Mr Collins said.

“It’s a hot market and buyers are understandably feeling pressure to make a swift decision. While it’s important to act fast on a property you’re interested in, I encourage buyers to use caution and not panic buy or get themselves into a situation where they pay over and above what the property is worth."

He mentioned that while property prices have increased in the last six months, they remain below what they were five years ago so there are still good deals to be had.

The rental market is performing similarly with just 2,839 properties for rent in Perth at the end of February.

This marks the sixth consecutive month were listings sit below 3,000. Mr Collins said Perth desperately needs an influx of rental stock in the market to provide renters with more housing options.

Perth’s median rent price held at the five year high of $400 per week in February, which is on par with January and $40 more per week than February 2020.

<h2>Perth properties on the market:</h2>

[smartcode_project:default project_id=7854]

[smartcode_project:default project_id=8515]

[smartcode_project:default project_id=8514]
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Perth's for sale listings dropped to a 10 year low in February, with just 7,899 properties listed on reiwa.com at the end of the month

Perth listings continue to drop reaching a 10 year low in February

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The disparity in rental markets across Australia has been extreme. At one end of the spectrum we have extremely tight rental conditions in cities such as Perth and Darwin where both house and unit annual rental growth is above 10%. At the other end are the unit rental markets of Sydney and Melbourne where rents have plunged over the last year, down -5.3% in Sydney, and -8.0% lower in Melbourne. In a similar vein to housing values, rental markets are stronger within the detached housing sector relative to the unit sector.

“The strength in Perth and Darwin’s rental sector can be attributed to a mix of low supply, due to a recent history of low investor participation, and rising demand as interstate migration trends move into positive territory. The opposite trends in Sydney and Melbourne have seen rental markets weaken; higher rental supply due to a recent history of investor exuberance, weaker demand from negative interstate migration and, more recently, a demand shock from closed international borders where Melbourne and Sydney were the primary recipients of migrant arrivals,” Mr Lawless said.

However, the weak conditions across Sydney and Melbourne unit markets look to be turning. Sydney’s rental index for units has recorded two successive months of mild rises, while Melbourne unit rents edged higher in February after falling for nine of the previous ten months. The improvement in unit rents across Australia’s two largest cities is likely to be at least partially seasonal as demand from domestic students generally rises early in the year, but could also be attributable to more people returning to work in the inner cities as well as workers in some of the hardest hit industries such as hospitality, food and accommodation services returning to employment.

Until international borders re-open and migration rates return to their pre-COVID levels, a more substantial improvement in inner city apartment rents is unlikely.

<img alt="" height="342" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/rental_market_feb.jpg" width="583">

Weaker rental conditions in Sydney and Melbourne relative to rising home values is evident in the gross rental yields, with yields across both cities falling to fresh record lows in February. Gross rental yields in Sydney were recorded at 2.9% at the end of February, while in Melbourne yields averaged 3.0%. Every other capital city is recording gross rental yields around the mid-4% mark or higher, implying positive cash flow opportunities are more likely in these markets.

Australian home values surged 2.1% higher in February; the largest month-on-month change in CoreLogic’s national home value index since August 2003. Spurred on by a combination of record low mortgage rates, improving economic conditions, government incentives and low advertised supply levels, Australia’s housing market is in the midst of a broad-based boom.

Housing values are rising across each of the capital city and rest of state regions, demonstrating the diverse nature of this housing upswing.

According to CoreLogic’s research director, Tim Lawless, a synchronised growth phase like this hasn’t been seen in Australia for more than a decade. “The last time we saw a sustained period where every capital city and rest of state region was rising in value was mid-2009 through to early 2010, as post-GFC stimulus fueled buyer demand.”

Sydney and Melbourne were among the strongest performing markets, recording a 2.5% and 2.1% lift in home values over the month respectively, as Australia’s two largest cities caught up from weaker performance through 2020. The quarterly trend however, is still favouring the smaller cities; Darwin housing values rose 5.5% over the past three months, Hobart values rose 4.8% and Perth was up 4.2%.

“Whether this new found growth in Sydney and Melbourne can be sustained is unclear. Both cities are still recording values below their earlier peaks, however at this current rate of appreciation it won’t be long before Australia’s two most expensive capital city markets are moving through new record highs. With household incomes expected to remain subdued and stimulus winding down, it is likely affordability will once again become a challenge in these cities,” Mr Lawless said.

A housing market trend that has persisted through the COVID period to-date is the weaker performance of unit markets relative to detached housing. Across CoreLogic’s combined capitals index, house values (+4.4% over the past three months) have recorded a growth rate more than three times higher than that of its unit counterparts (+1.4%). There are some tentative signs this trend could become less obvious, with Sydney unit values recording their first month of growth since April last year and Melbourne unit values recording their largest gain since late 2019.
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The disparity in rental markets across Australia has been extreme

Unit rents down -8% in Melbourne but soar 10% in Perth and Darwin

Melbourne Quarter is one of the most lavish completed&nbsp;developments located in the&nbsp;heart of&nbsp;Melbourne&rsquo;s vibrant CBD.

As we near the end of the First Home Buyer and HomeBuilder Grant,&nbsp;Urban have put together ten reasons why you might like to consider purchasing a&nbsp;home in&nbsp;the Melbourne Quarter development.&nbsp;

<h2>1. Developed by the Lendlease Group</h2>

The project&nbsp;is being developed by Lendlease, a multinational company headquartered in Sydney, with a&nbsp;very strong track record across Australia, Europe, the Americas and Asia.

They have won a number of awards&nbsp;across numerous Sydney and Melbourne projects and remain one of the&nbsp;most sustainable real estate funds in the world.

<h2>2. International design&nbsp;firm Fender Katsilidis have architected&nbsp;the building</h2>

Fender Katsalidis once a Melbourne-centric architectural practice, and now&nbsp;a highly awarded, multi-disciplinary international design firm is responsible for the architecture of this&nbsp;project among many others.&nbsp;

<a href="/buildings/east-tower-melbourne-quarter-628-flinders-street-docklands"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/melbourne_quarter_full.jpg" /></a>

They have their stamp on renowned&nbsp;developments such as&nbsp;Australia 108, Flinders Bank, Fulton Lane and High Society just to name a few.

<h2>3. Three whole floors of resort-style amenities. &nbsp;</h2>

The project includes a hotel-style lobby, concierge and exclusive access to Club MQ, which also means access to the three entire floors of resort-style amenities on offer.

[smartcode_project:default project_id=3459]

<h2>4. The Melbourne Quarter precinct</h2>

Melbourne Quarter offers residents more than just the one East Tower currently on offer. It is a sprawling&nbsp;2.5-hectare site dedicated to public open space, surely to be&nbsp;named Melbourne&rsquo;s greenest city precinct, with a mix of both retail and parkland on offer for residents.

<h2>5. $458,000 is below the Melbourne CBD&#39;s median apartment price</h2>

Home buyers can enjoy a one-bedroom, one-bathroom apartment in the Melbourne Quarter for as low as $458,000, below the $490,000 median apartment value, calculated by realestate.com.au

<h2>6. Range of luxury residences&nbsp;available</h2>

Currently on offer in the Eastern Tower of the Melbourne Quarter&nbsp;is a collection of spacious one and&nbsp;two-bedroom architecturally designed apartments, with a range of price points from $458,000 all the way to a pricier $1,032,000.

<a href="/buildings/east-tower-melbourne-quarter-628-flinders-street-docklands"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/melbourne_quarter_apt.jpg" /></a>

<h2>7. Located in the heart of the Melbourne CBD</h2>

Bordered by the renowned Collins and Flinders Streets, Melbourne Quarter offers residents the convenience of living in Melbourne&rsquo;s vibrant CBD at affordable prices for first home buyers or investors.

<h2>8. Nearby developments of a similar quality are more expensive</h2>

For example another development with top of the line amenities, R. Iconic has&nbsp;prices starting from $507,000, across their range of one, two and three bedroom suites.

Or the similarly lavish&nbsp;The Docklands Residences which&nbsp;sits atop a brand new 8-floor Marriott Hotel and offers a number of luxury amenities.

<h2>9. The Melbourne CBD will always be in demand</h2>

The Melbourne CBD has overall managed despite&nbsp;downturn predictions of the market and may have even seen price values grow if not for&nbsp;on and off state-wide lockdowns. In fact a number of economists are extremely optimistic Melbourne prices which are&nbsp;tipped to climb by 8 per cent this year followed by 10 per cent in 2022.

A number of economists predict the battle between banks for new customers and the successful rollout of the coronavirus vaccine may super-charge even the national property market.

<h2>10. Views from your future home</h2>

Many apartments in the&nbsp;Melbourne Quarter hold sweeping views across both the city and skyline.

<a href="/buildings/east-tower-melbourne-quarter-628-flinders-street-docklands"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/melbourne_quarter_view.jpg" /></a>

Learn more and <a href="/buildings/east-tower-melbourne-quarter-628-flinders-street-docklands">enquire with Urban&nbsp;about the Melbourne Quarter</a>.

10 reasons to buy a brand new home in the Melbourne Quarter

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As Mirvac’s latest master-planned community, Waverley Park, nears completion, we took a look at what the sustainable and energy-efficient precinct in Melbourne’s Mulgrave has to offer.

The final stage of the community, The Finale, which includes its own picturesque lake, offers three, four and five-bedroom park front homes, a serene extension to your own private front garden.

Designed by Mirvac’s award-winning architects, the boutique range of family homes can be tailored to suit your lifestyle and preferences. 

The six-star energy rated homes boast cross-ventilation and superior insulation, reducing energy use and energy costs. LED lighting, solar hot water and energy-efficient appliances will deliver further savings for residents.

<a href="/buildings/waverley-park-6-goodison-court-mulgrave"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/waverley_park_interiors.png"></a>

The parklands include a variety of play equipment and facilities, including a rock-climbing wall, skate park, gym equipment and a basketball court. Plus have a picnic and take advantage of the shelters, barbecues and communal seating area. 

At the heart of the neighbourhood is the historic Waverley Park Stadium, shopping precinct and oval linked by welcoming streets, a community hub and extremely walkable parklands. Also within walking distance is the Goodlife Health Club, Waverley Park Dental Care, cafes and a village store supplying fresh produce.

[smartcode_project:default project_id=22700]

Five-bedroom residences are priced from $1,245,000, while three-bedroom homes begin at $785,000.

With limited family homes remaining, and only a short drive to the fashion capital, Chadstone, Waverley Place is not one to miss.

To find out more information on Waverley Place, enquire <a href="/buildings/waverley-park-6-goodison-court-mulgrave">here</a>.
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The Finale residence release: What's on offer at Mirvac’s Waverley Park?

<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

Joel Robinson

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Melbourne developer Lowe Living is seeking to add to its growing bayside apartment pipeline, filing plans for a boutique eight-residence development in tightly held Middle Park.

Lowe Living, which has built much of its development portfolio across Melbourne's affluent bayside and south-east suburbs, is behind the plans for the 730 sqm site at <a href="https://www.apartments.com.au/new-apartments/123-125-erskine-street-middle-park-vic-3206">123-125 Erskine Street</a>, just off Armstrong Street and within the Armstrong Street Neighbourhood Activity Centre.

The developer is seeking approval for a five-storey residential building above two basement levels, with just eight large-format apartments and 18 car spaces.

“This is a deliberately very different proposition for us,"&nbsp;Tim Lowe, Co-Founder of Lowe Living, said.

"Eight residences is exceptionally boutique, but that's precisely what this site calls for.

“There is a strong community in Middle Park and the surrounding suburbs who have spent decades building a life here. They no longer want the maintenance of a large period home, but they aren't prepared to compromise on space, quality or location. We think there is a real opportunity to capture that hyper local market. A site like this rarely comes to market.”

<img alt="Lowe " data-entity-type="file" data-entity-uuid="875fe572-0f14-4d90-9e11-55b28dd07731" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.42.49%E2%80%AFAM.png?VersionId=GDNQRv9BfpR9r1zkZ5UDyUM4ZvpIksut" />

The low-density proposal has been designed by Cera Stribley and is being progressed through the Victorian Government's Great Design Fast Track pathway, having already secured eligibility from the Minister for Planning.

The Office of the Victorian Government Architect supported its eligibility after finding the proposal demonstrated consistency with the program's seven design principles, while the project's financial feasibility has also been independently confirmed by Invest Victoria.

The project is targeting the downsizer market, with the planning documents describing the homes as larger-format residences and noting the two penthouses could otherwise have been configured as four separate apartments.

<img alt="Lowe 2" data-entity-type="file" data-entity-uuid="60ab0987-2da6-4175-adac-315dcf6053c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.15%E2%80%AFAM.png?VersionId=bOCPH0B2MFwlmaRW.TTCF9TzyifgVoQI" />

The site has dual frontage to Erskine Street and Canterbury Place and currently comprises a collection of commercial buildings used as offices, including a former heritage bakehouse, a former stable, a later gabled addition and a central courtyard.

It sits within the Commercial 1 Zone and the Armstrong Street Commercial Precinct heritage overlay, with the existing property classified as a contributory heritage place.

Heritage has subsequently played a significant role in Cera Stribley's design.

The front section of the former bakehouse facing Erskine Street will be retained, including its return walls, street-facing hipped roof and chimneys, while the Erskine Street façade and part of the western return wall of the former stable will also be incorporated into the new development.

Levels four and five will be set back five metres from the retained stable façade, while bricks removed through demolition are proposed to be salvaged and reused within the new building where possible.

<img alt="Lowe 3" data-entity-type="file" data-entity-uuid="e97927a9-a2de-4a0f-83b6-65451238abfa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.06%E2%80%AFAM.png?VersionId=VR44AChLrX9q1XPB9GvVQV.ALXXbe4gC" />

Rather than presenting as a single five-storey building to Erskine Street, Cera Stribley has broken the development into a series of distinct forms.

A three-storey infill element will sit between the retained bakehouse and stable façades, with the upper levels recessed behind the heritage fabric. Canterbury Place will similarly feature two three-storey podium forms, separated by a central pedestrian accessway, before the upper two levels step back from the street.

A pedestrian through-link will run through the centre of the project between Erskine Street and Canterbury Place, creating entrances from both sides of the site and introducing landscaping and communal areas through the ground plane.

Landscape architect Acre has designed planting across the ground level, private terraces and upper levels, including a feature canopy tree at level three and integrated planting and arbours across the level four terraces. Five existing Erskine Street trees are proposed to be retained.

Sustainability is also a significant component of the Great Design Fast Track application. The apartments are targeting an average eight-star NatHERS rating, with no residence below 6.5 stars, while the project has achieved a 75 per cent BESS score. Seven of the eight apartments are designed for cross-ventilation, with the remaining residence using mechanically assisted natural ventilation.

The plans also incorporate an 8kWp rooftop solar system, a 5,000-litre rainwater tank and infrastructure allowing future electric vehicle charging for every residence.

Lowe has a strong portfolio across Melbourne's blue-chip suburbs. They recently launched <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House by Lowe Living</a> in Camberwell, their first development in the Stonnington LGA.

Lowe Living unveils Middle Park apartment development

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

<a data-end="327" data-is-only-node="" data-start="250" href="https://www.apartments.com.au/developers/norus-projects" rel="noopener" target="_new">Norus Developments</a> has lodged plans for a new apartment development in Clayton that would add further momentum to the suburb's emerging Green Street corridor.

Plans have been lodged for the consolidated site at <a href="https://www.apartments.com.au/new-apartments/1359-1365-centre-road-clayton-vic-3168">1359-1365 Centre Road</a>, where Norus is seeking approval for 218 apartments across a 12-storey apartment building designed by <a href="https://www.apartments.com.au/architects/life-architecture-and-urban-design">Life Architecture</a>.

The proposal sits within the Clayton Major Activity Centre at the threshold of the planned Green Street corridor, a landscaped pedestrian connection intended to improve links through the precinct towards Clayton Railway Station.

The development would replace the site's existing collection of low-scale residential and commercial buildings with a single consolidated building, introducing significantly greater housing density to this part of Centre Road.

A retail tenancy is proposed at ground level to activate the Centre Road frontage, accompanied by transparent street interfaces and landscaping intended to create a more pedestrian-focused edge to the development.

<img alt="First look: Norus Developments plans landscape-led apartment project for Clayton’s emerging Green Street" data-entity-type="file" data-entity-uuid="0a5a763a-d9e9-4253-af2f-88008de27ebf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Clayton%20a.png?VersionId=S2WJJbat1XVkZwB9SnYtygirXgWHiklX" />

The building has been designed with stepped massing and upper-level setbacks to manage its transition towards surrounding residential properties. The planning report describes the approach as one that integrates the building into the landscape rather than treating landscaping as a secondary element.

"A strong landscape and public realm strategy underpins the proposal," Urbis states in the planning report.

"Public benefits include an affordable housing contribution, a new pocket park, generous landscaped setbacks, deep soil planting and integrated Water Sensitive Urban Design."

The report adds that these elements are intended to create "a permeable, pedestrian-focused ground plane that enhances walkability, supports urban cooling and reinforces the emerging Green Street character."

Biophilic and passive design principles extend through the residential levels, with planting, daylight, natural ventilation and views towards landscaped areas forming part of the amenity strategy.

Parking would be concentrated away from the public realm, with 145 car spaces proposed from the rear laneway rather than dominating the Centre Road frontage.

The proposal follows an extensive pre-application process with the City of Monash. Three formal meetings were held between the project team and Council from December 2025 to March 2026, with the scheme evolving through several concept iterations before the current design was lodged.

The project arrives as Clayton prepares for substantial change around its established activity centre and the wider Suburban Rail Loop precinct. Its position on Centre Road places the development within an existing concentration of shops, services and public transport, while the Green Street connection is intended to strengthen pedestrian access towards Clayton Railway Station.

First look: Norus plans landscape-led apartment project for Clayton’s emerging Green Street

<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> has officially commenced construction on Bronze on Chevron, celebrating the sod turning of its first-ever Gold Coast development and marking a significant milestone in the company's continued expansion across South East Queensland.&nbsp;

Following the successful delivery of premium residential developments throughout Brisbane and the Sunshine Coast, <a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-chevron-island-qld-4217">Bronze on Chevron</a> represents Gardner Vaughan Group's entry into the Gold Coast market. Bronze will deliver 119 one, two, three and four-bedroom apartments above two ground-level retail tenancies.

[smartcode_project:default project_id=107520 project_image_fid=367193]

The recent sod turning ceremony was attended by Deputy Mayor Mark Hammel, President of the Surfers Paradise Surf Life Saving Club, Cassandra Sedgman, project consultants, purchasers, project partners and invited guests to celebrate the commencement of construction.&nbsp;

Gardner Vaughan Group Chief Executive Officer Simon Betteridge said Bronze on Chevron represented an exciting new chapter for the business.&nbsp;

"We've spent almost four decades building homes that respond to the way people want to live, and we're excited to bring that experience to <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>," Betteridge said.

"Bronze on Chevron is particularly significant because it marks Gardner Vaughan Group's first development on the Gold Coast following many successful projects across Brisbane and the Sunshine Coast."

[smartcode_project:default project_id=107520 project_image_fid=367183]

Betteridge said the ground breaking is a proud moment for the&nbsp;team and their purchasers, who can now see their future homes beginning to take shape.&nbsp;

"As both developer and builder, we're able to oversee every aspect of the project from design through to construction, ensuring the quality and attention to detail Gardner Vaughan Group has become renowned for."&nbsp;

Designed by acclaimed architectural practice <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, Bronze on Chevron has been thoughtfully designed to complement Chevron Island's evolving streetscape while embracing its relaxed coastal lifestyle.

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029.&nbsp;

[smartcode_project_cta:default project_id=107520]

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029

Jordan Fidler

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