<a href="/developers/m3-group">M3 Group</a> is building a reputation as one of the premier, boutique, townhouse developers in the northern areas of Melbourne.

Following on from its successful completion of a trio of townhouse developments in Reservoir, the all-in-one developer, builder and designer has moved south to <a href="/developments/preston-vic-3072">Preston</a>, where it is <a href="/new-apartments/23-sussex-st-by-m3-group-preston-23-sussex-preston-vic-3072">creating another four townhouses</a> with a distinct architectural design.

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Location has always been paramount for M3 Group given the demographic of either downsizers or young families they develop for. They settled on a site on<a href="/new-apartments/23-sussex-st-by-m3-group-preston-23-sussex-preston-vic-3072">&nbsp;Sussex Street</a>, just off Dundas Street and near the Preston Activity Centre.

High Street, just a short walk away, is a lively hub featuring an eclectic mix of cafes, restaurants, and boutique shops, making it a popular destination for locals.&nbsp;

Preston Market, another nearby attraction, is well-regarded for its wide selection of fresh produce and specialty foods, serving as a convenient spot for weekend grocery shopping or a casual lunch.

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For those who enjoy outdoor activities, the townhouses are close to several green spaces including the Darebin Creek Trail and Sir Douglas Bader Park, offering scenic routes for walking, cycling, and enjoying nature.&nbsp;

The nearby Northcote Aquatic and Recreation Centre and local golf courses further enhance the area's appeal for sports and fitness enthusiasts.

Families who intend to call 23 Sussex Street home will also benefit from nearby educational institutions including Preston South Primary School, Preston High School, and La Trobe University, providing quality education options for children of all ages.

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Preston is well-connected by public transport, with multiple tram and train routes offering easy access to Melbourne's CBD and other parts of the city.

23 Sussex Street is located between Bell and Thornbury Station, 15 minutes away by bus.

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M3 Group, founded three decades ago by the Mancuso family and still operated by them today, will start construction at 23 Sussex Street soon.

23 Sussex presents a rare opportunity to secure a townhouse in a suburb predominantly characterised by single dwellings. Only 25 per cent of houses in Preston are townhouses, according to the latest census.

[smartcode_project_cta:default project_id=145878]

Location has always been paramount for M3 Group given the demographic of either downsizers or young families they develop for

Joel Robinson

The strategic advantage of 23 Sussex St: M3 Group’s focus on location for new Preston townhouse development

Developer-builder <a href="/developers/pitard-group">Pitard Group</a> has ventured into the untapped new apartment development market in Moorabbin in Melbourne's south east.

Their new development, <a href="/buildings/madeline-moorabbin-19-23-central-avenue-moorabbin">Madeline</a>, is the only off the plan apartment development in the suburb, meaning it's the only new project that gives buyers the <a href="/news/vic/vic-government-slashes-stamp-duty-for-off-the-plan-property-buyers-savings-available-immediately-oct-2024">full stamp duty concessions</a> announced by the government last month.

Buyers don't have too long to act however, with Pitard's building arm, Pitard One, approaching completion of the boutique building that will see residents move in early next year.

[smartcode_project:default project_id=138903 project_image_fid=301324]

The four-level project at 19-23 Central Avenue, one of the most connected developments in&nbsp;Moorabbin, comprises just 44 two and three-bedroom apartments designed by Via Architects, with modernist architecture that features a brick façade and a monochromatic palette.&nbsp;

The design is complemented by greenery and abundant natural light, creating a distinctive presence in the <a href="/developments/moorabbin-vic-3189">Moorabbin</a> Activity Centre.&nbsp;

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Inside, the apartments continue the contemporary theme, with neutral tones warmed by walnut timber accents. The open-plan layouts allow for expansive living spaces, extending onto large outdoor terraces.

Integrated study nooks have been included to cater for working from home, while a resident lounge on the ground floor features a full kitchen, dining and lounge space.

&nbsp;

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Located in the heart of Moorabbin, Madeline is surrounded by a variety of restaurants, cafes, and retail options.

With Moorabbin Station offering a 30-minute commute to the Melbourne CBD and Hampton Beach just a short drive away, the development provides strong connections to both city life and coastal amenities.

[smartcode_project_cta:default project_id=138903]

The four-level project at 19-23 Central Avenue, one of the most connected developments in Moorabbin, comprises just 44 two and three-bedroom apartments

Moorabbin's only new apartment development, Madeline, to complete early next year

Mermaid Beach has grown exponentially in recent years to become one of the most sought-after, but also tightly held, suburbs on the Gold Coast.

Beachfront mansions on Hedges Avenue grab the headlines, selling for well in-excess of $20 million on most occasions.

Apartment development in the area has been less than frequent than big-ticket sales, given the scarcity, and cost, of land.

Family-owned developer <a href="/developers/niecon">Niecon</a> has a long history in the industry, dating back to the 1990s when patriarch Con Nikiforides, who passed away in 2017, developed the former Niecon Plaza in Broadbeach. Today, they are one of the few developers to have successfully undertaken projects in <a href="/developments/mermaid-beach-qld-4218">Mermaid Beach</a> in recent years.

Earlier this year they completed the 47-apartment <a href="/buildings/ventura-residences-mermaid-beach-48-ventura-road-mermaid-beach">Ventura Residences</a>, just 250 metres from the beach.

[smartcode_project:default project_id=108737 project_image_fid=199484]

Only one apartment remains, and given its unique design, it is likely to be replicated in Mermaid Beach in a hurry.

The two-level apartment has been cleverly positioned not on the top level, where most developers position their more premium, multi-level apartments, but on the ground level, so it can have a full garden.

The apartment combines the privacy and size of a house with the convenience of a communal rooftop pool, low maintenance of an apartment, and a stone's throw from the beach.

[smartcode_project:default project_id=108737 project_image_fid=303811]

It has four bedrooms, 3.5 bathrooms, and two private car spaces. Future-proofed for any generation, the two levels are connected both by stairs and an internal private elevator.

The master suite spans half a floor, featuring a walk-in robe, an ensuite, and large windows that offer views of the adjacent park.&nbsp;

The marble kitchen is equipped with Miele appliances and a butler’s pantry. It adjoins a dining area and a bar, which features a Vintec wine fridge.

The open-plan living area is surrounded by a garden courtyard, with multiple spaces for alfresco dining and lounging.

[smartcode_project:default project_id=108737 project_image_fid=303812]

The buyer will have access to Ventura's full suite of amenities including a gym and a rooftop with a suspended waterfall pool, zen garden, yoga lawn, and alfresco dining area.

While the beach is just 300 metres to the east, even closer to the west is the&nbsp;Pacific Fair Shopping Centre, The Star Casino, and Broadbeach’s popular dining precinct.

Ventura Residences is complete and ready to move in.

[smartcode_project_cta:default project_id=108737]

The two-level apartment has been cleverly positioned not on the top level, where most developers position their more premium, multi-level apartments, but on the ground level, so it can have a full garden.

Rare two-level apartment on offer in the Gold Coast's premier suburb

Everything about the inception of Australia 108, Melbourne's tallest residential tower, was groundbreaking, and to this date, still is.

The first proposal for <a href="/buildings/australia-108-southbank-70-southbank-boulevard-southbank">Australia 108</a> dates back to 2009 when Fender Katsalidis, now FK, drew up plans for what was then a 226-metre-high tower with 526 apartments.

Three years later, those plans were significantly upscaled, taking it to 388 metres and well over 100 levels. The increase in levels would see apartment numbers jump to 646, and a six-star hotel included among office and retail levels.

Despite approval granted by the then Victorian Planning Minister Matthew Guy, Government entities wouldn't make concessions to help deliver a building that breached height restrictions. It was also reported that the tower was so tall that it would have infringed on federal regulations protecting aircraft safety.

Singaporean developer World Class Global then swooped on the large site at 70 <a href="/developments/southbank-vic-3006">Southbank</a> Boulevard in 2013, scaling the plans down to a 317-metre high skyscraper with 100 levels and 1,105 apartments, an increase in density that saw the hotel component removed. It would still make it the second tallest building in Australia, only behind the QT on the Gold Coast.

Nonda Katsalidis led the design delivery of Australia 108, taking elements of the design from the nearby Eureka Tower which he also designed. Eureka, developed in 2006, is Melbourne's second tallest tower.

Since its completion in 2020, Australia 108 still stands as the tallest residential tower in the southern hemisphere, a&nbsp;title which will be difficult to replicate given the cost of building since the onset of COVID-19, paired with the scarcity of land across Australian cities where height limits are all-but unrestricted.

When a property is difficult to replicate, it can be a strong indicator of future price growth.

[smartcode_project:default project_id=582 project_image_fid=182851]

A major difference at Australia 108 compared to the current crop of off the plan apartment towers in Melbourne, and across the country, is that the highest levels are necessarily solely reserved for the penthouses. Because of the sheer scale of Australia 108, one and two-bedroom apartments can be purchased 67 levels into the sky, something no other development in Melbourne can offer.

There are two types of residence collections on offer at Australia 108, each with interiors by the renowned <a href="/architects/carr-design">Carr Design</a>.

The Sky Rise Residences, with one and two-bedroom apartments, deliver practical layouts and a timeless design suited to city living, starting from $560,000.&nbsp;

[smartcode_project:default project_id=582 project_image_fid=79946]

The Cloud Residences, positioned from level 72 upwards, comprise expansive three-bedroom layouts resembling the proportions of a traditional home. These apartments range from 120 sqm to 211 sqm and start at $1,528,000.

Each apartment features expansive floor-to-ceiling windows so residents can not only look across the Melbourne city skyline, but look over it.

Given the size of Australia 108, it was important to match that with more than the standard levels of resident facilities.

[smartcode_project:default project_id=582 project_image_fid=182879]

Level 11 comprises the Sky Rise Club, home to a&nbsp;fully equipped gym with a steam room and sauna, a swimming pool, theatre, and a golf simulator.

The Star Club, on levels 70 and 71, might offer the highest resident amenity in the country, excluding rooftops. Over 2,800 sqm is reserved for more facilities across the two levels. There are&nbsp;dual glass infinity pools with extensive views, two gyms, five dining rooms, a sky garden, a private cinema, a reading room, and a luxurious lounge.

Australia 108 apartments are completed and ready to move in.

[smartcode_project_cta:default project_id=582]

A major difference at Australia 108 compared to the current crop of off the plan apartment towers in Melbourne, and across the country, is that the highest levels are necessarily solely reserved for the penthouses

Inside Australia 108: The groundbreaking Melbourne apartment tower offering the highest apartments in the southern hemisphere

Local downsizers have responded in droves to what prominent Perth developer, Megara, has put together in North Fremantle.

They've recently started construction at Serai, a new mid-rise apartment development designed specifically to cater to downsizers through its larger-than-normal floorplans, high-end fixtures and finishes, and an equally high level of resident facilities, something that tends to be looked upon favourably by those downsizing.

Over 80 per cent of the purchasers so far have been downsizers, predominantly locals, something which Megara knew they were going to see when they drew up the plans.

"We expected the local downsizer market to make up most of our purchasers," Megara Director Jamie Clarke says, adding that everything about the building and its location is tailor-made for that specific buyer demographic.

Megara worked with architect Felipe Soto who cleverly designed the two buildings to encapsulate everything locals love about North Fremantle; the coast and the river. Apartments feature floor-to-ceiling windows that draw in natural light and frame views of the Indian Ocean and Swan River.&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=186198]

While downsizers have jumped at the largest apartments, the three and four-bedroom apartments, as well as the small collection of four-bedroom townhouses, the two and one-bedroom apartments have also proven popular.

"The well-trodden path for a downsizer is to trade out of the family home into a large apartment, so the downsize doesn't seem too daunting and they still have space to have extended family or guests stay, but that's not the path for everyone," Clarke says.

"Budgets naturally influence what you're going to move into, but we've had several downsizers opt for our one-bedroom apartments because they don't want, or need, the additional space. They want to lock the door and spend their retirement traveling."

The boom in the Perth market over the last few years has encouraged a stronger downsizer movement, Clarke says. So far in 2024, Perth house values have risen 18.2 per cent, the best-performing capital city by some margin. In turn, unit values have risen 21.3 per cent over the same period.

"The last few years have made the downsizing path easier as those who own larger family homes have seen their equity rise significantly in recent years, compared to fairly mooted growth in the years prior. There's no better time in the cycle to be looking at downsizing while both houses and apartments grow in value."

[smartcode_project:default project_id=110291 project_image_fid=186208]

Unforeseen, but not entirely surprising, have been purchases from those living in Sydney with family ties to Perth, as well as expats living overseas.

"They're buying now and securing themselves a residence for future use, whether it be on construction completion or shortly after.

"They also see great value compared to how far budgets stretch in coastal Sydney. They've been in the best-performing housing market for decades and have seen their wealth through property skyrocket. Now they're looking to return to Perth in the not too distant future."

Another facet of Serai that is appealing to the downsizer is the level of amenity within the building. Residents will have access to an infinity pool with unobstructed views over the Swan River, as well as a gym with a sauna and yoga studio, and an outdoor cinema.

[smartcode_project:default project_id=110291 project_image_fid=186200]

There’s also a games room, designed with social interaction in mind, featuring a pool and poker table.

The emphasis on community extends to the active street-level area, where a landscaped garden and café create spaces for residents to connect with neighbours.

[smartcode_project:default project_id=110291 project_image_fid=187314]

Clarke says having a high-level of amenity is important in modern-day buildings.

"Not just limited to downsizers, but people nowadays crave convenience, and if we can put a high-level of leisure facilities within their building, as well as a cafe, that really appeals to residents who don't have to go far for everything they need."

What has been an important factor to consider, particularly for locals, is the lack of new development coming to coastal areas like Fremantle. Future supply across most suburbs in Perth, particularly those near the coast, is as low as anywhere in the country.

"When we complete there will be almost nothing comparable to Serai, or anything under construction or even in planning currently. There won't be a lot of new stock that is competing within the immediate vicinity, and that's not lost on our buyers who know this is a rare opportunity," Clarke says.

[smartcode_project:default project_id=110291 project_image_fid=186200]

Serai is under construction by builder West to West, with completion slated for early 2026.

Clarke says being under construction in today's built environment is a huge confidence lift for buyers.

"Prior to 2017 or 2018, buyers weren't really phased as to what stage the development was at," Clarke says.

"Now they're more informed than ever, and naturally want certainty and assurances their new apartment will actually be delivered. A small minority of buildings don't get delivered, but they're the ones that grab the headlines and dampen confidence across the board."

[smartcode_project_cta:default project_id=110291]

Serai is under construction by builder West to West, with completion slated for early 2026



Why Serai in North Fremantle is proving popular with downsizers

Box Hill in Sydney's northwest is ready for one of its most design-conscious projects to date with <a href="/new-apartments/killarney-ponds-box-hill-4-alan-street-box-hill-nsw-2765">Killarney Ponds</a>, the new apartment development by locals Kellarney Developments.

Killarney Ponds, located just outside the emerging <a href="/developments/box-hill-nsw-2765">Box Hill</a> Town Centre, has been designed to meet the needs of both families and working professionals seeking larger apartments and lifestyle-focused amenities, two points of difference when compared to other developments around the Box Hill area.

Approaching completion in early 2025,&nbsp;Killarney Ponds comprises a mix of two and three-bedroom apartments that emphasise indoor-outdoor living.

[smartcode_project:default project_id=22636 project_image_fid=297513]

To maximise natural light, apartments have soaring ceilings just under three-metres, creating a sense of space and when meeting the sliding glass doors that open to a balcony or a courtyard, allow for maximum natural light to flood the interiors.

The three-bedroom apartments start from a generous 115 sqm of internal living space, and a further 10 sqm of terraces.

There are several two-level apartments, some with two bedrooms and some with three, including a three-bedroom penthouse that has its own private rooftop terrace and is priced under $1 million.

Resident amenity has been a big focus in Killarney Ponds, a level unrivalled in the local area. It starts from the entry to the development. There are three hotel-style lobbies which were designed to create an immediate impression on residents and their guests.

Facilities include a multi-purpose function room, expected to be used for community events as well as booked for private occasions like birthday parties, a fully-equipped gym, a work-from-home centre with integrated desks and meeting rooms, as well as several outdoor spaces with alfresco and picnic areas.

[smartcode_project:default project_id=22636 project_image_fid=257931]

The first stage of the project has already sold out, demonstrating strong demand in the Box Hill market, a market that is growing at a significant rate, driven by the improvements being made in the region.

Killarney Ponds is strategically positioned to benefit from the growth in infrastructure. The area is part of the NSW Government’s North West Priority Growth Area, which is anticipated to bring significant infrastructure improvements and job opportunities.

It's a short walk from the future Box Hill Town Centre, an upcoming hub featuring retail, dining, and recreational spaces set around a central lake.

[smartcode_project:default project_id=22636 project_image_fid=257928]

Carmel Village, less than two kilometres away, offers everyday essentials with over 30 specialty stores including Coles and Aldi.

Families benefit from being close to a variety of schools, while healthcare needs will be well-served by the new $700 million Rouse Hill Hospital, set to complete in 2027. Rouse Hill Station is within three kilometres, providing easy access to the Sydney Metro.

Reputable construction company Sitecorp is handling the build of Killarney Ponds. They are anticipating an early 2025 completion, with residents moving in shortly after.

[smartcode_project_cta:default project_id=22636]

Box Hill's best new apartment development approaches completion

Gateway suburbs have often provided home buyers with a more affordable entry to some of the more premium suburbs in Australia.

The Eastern Suburbs in Sydney is one of the most exclusive regions of real estate in the country and often dominates sales prices both nationally and even on the world stage, with the likes of Bondi Beach and Point Piper seeing prices on par with New York and Tokyo.

The aspirational suburbs in the east located on the water, whether that be the harbour or the ocean, are closed off to most prospective buyers, however there are pockets for those to live in the Eastern Suburbs without the inflated price tag. These suburbs tend to be known as gateway suburbs, those that have all of the lifestyle benefits of being in one of the premium suburbs but are significantly more affordable.

A suburb growing in popularity as a gateway suburb is Eastlakes, a 10-minute drive from the beaches at <a href="/developments/coogee-nsw-2034">Coogee</a> and Maroubra, but close enough to the inner-city for the growing cafe culture scene in <a href="/developments/rosebery-nsw-2018">Rosebery</a> and <a href="/developments/alexandria-nsw-2015">Alexandria</a>.

Eastlakes boomed in the 1960s, when it was officially designated as its own suburb having previously been part of the Botany Bay area. Significant development ensued, with buyers quick to jump on its ideal location between the beach, the city, and the airport.

What has been missing in the suburb is a push for new apartment living. The majority of apartments in <a href="/developments/eastlakes-nsw-2018">Eastlakes</a> date back decades, in low-rise buildings with no facilities and outdated floorplans.

It's this which makes <a href="/buildings/the-grand-residences-eastlakes-16-evans-avenue-eastlakes">The Grand Eastlakes</a>, the final development by <a href="/developers/crown-group">Crown Group</a> before they were placed into provisional liquidation after a shareholder dispute, all the more rare.

[smartcode_project:default project_id=7652 project_image_fid=262590]

Crown Group completed The Grand Eastlakes in 2022, but kept a significant portion of the 133 apartments that were developed. Those apartments, which have not previously been available to purchase before, have recently been released to the market.

The one, two and three-bedroom apartments have proven popular with everyone from first home buyers to downsizers, as well as investors who are well aware of the value proposition on offer.

[smartcode_project:default project_id=7652 project_image_fid=262588]

McGrath Projects Director, Adam Sparkes, says the opportunity to buy an apartment of this calibre in Eastlakes, and at this price point, isn't likely to come around again.

"Any future apartment development in Eastlakes will have to command higher prices due to the drastic increase in construction costs in recent years," Sparkes says.

"The<a href="/buildings/the-grand-residences-eastlakes-16-evans-avenue-eastlakes"> Grand Residences</a> really does represent great buying in the Eastern Suburbs."

[smartcode_project:default project_id=7652 project_image_fid=262600]

The most recent sales have seen a price per square metre at around $12,000, a rarity in the new apartment market in the Eastern Suburbs.

The Grand Residences, located above The Grand Shopping Centre that is home to 16 retailers including a full-line Woolworths, also features a 25-metre heated swimming pool, a gym, and a resident rooftop space with a TV, alfresco dining and lounge areas, and a built-in barbecue with 270-degree views back to the Sydney CBD.

[smartcode_project_cta:default project_id=7652]

McGrath Projects Director, Adam Sparkes, says the opportunity to buy an apartment of this calibre in Eastlakes, and at this price point, isn't likely to come around again

How The Grand Residences in Eastlakes offers the Eastern Suburbs lifestyle without the pricetag

Sloane Property Group&nbsp;has catered for two of the most important aspect ofs homebuying at its new Mentone townhouse development, <a href="/new-apartments/kindred-mentone-25-brindisi-street-mentone">Kindred</a>.

The Urban Community said both the floorplans on offer, and the&nbsp;<a href="/developments/mentone-vic-3194">location of Kindred</a>, are the two best qualities in the new architecturally-striking townhouse development.

The townhouses each span three levels and have three bedrooms. A rare feature of the townhouses is the&nbsp;usable two-car garage, which Sloane expects to not only be used for parking a car, but for a home gym or office setup.

&nbsp;

[smartcode_project:default project_id=138768 project_image_fid=309787]

The rooftop decks are too a rarity in a suburb that is dominated by houses. Several of the townhouses feature roof decks with views across the bay.

The kitchens at Kindred serve as both functional and aesthetic focal points, with floating islands, premium reconstituted stone benchtops, soft-close oak cabinetry and stainless steel appliances. They've been designed to entertain and promote family interaction.

[smartcode_project:default project_id=138768 project_image_fid=214860]

Kindred’s architecture by Sloane's longtime partner <a href="/architects/megowan-architectural">Megowan</a> is deeply inspired by its coastal setting, with the recycled cream brick exterior and white timber slats mirroring the colours and textures of Mentone Beach.

The Scandinavian avant-garde influences bring a modern yet organic feel to the development, evident in the curves and timber features that define the homes.&nbsp;

The integration of large windows and flowing balconies allows natural light to flood the interiors while maintaining a seamless indoor-outdoor connection.

&nbsp;

[smartcode_project:default project_id=138768 project_image_fid=214862]

The Urban Community has also been impressed with the location of Kindred.

Located on Brindisi Street, Kindred residents will sit across the road from Mentone Reserve, with an oval and playground, and a short walk to the centre of Mentone where there's the suburb's retail precinct and train station.

It's just one kilometre metres from the beach where there's the Bay Trail, a dog-friendly beach, and the Mentone Lifesaving Club.

[smartcode_project:default project_id=138768 project_image_fid=214989]

&nbsp;

Construction of Kindred is well underway, and <a href="/developers/sloane-property">Sloane</a>&nbsp;expects the townhouses to complete by the end of 2025.

Around half of the townhouses are spoken for.

[smartcode_project_cta:default project_id=138768]

Construction of Kindred is well underway, and Sloane expects the townhouses to complete by the end of 2025

Kindred Mentone design and location catches buyer's attention

Prospective buyers at Elevate, the recently launched stage of Hume Place above Crows Nest Metro Station, will be able to secure an apartment in the exciting development with just a $10,000 deposit.

<a href="/developers/thirdi-group">Third.i</a> has partnered with NestDeposit to provide the low deposit option, making it accessible for everyone including first home buyers, investors, and downsizers.

The 130 one, two and three-bedroom apartments offer a unique proposition to any buyer given the rarity of such a development directly above Australia's largest ever public transport project.

&nbsp;

[smartcode_project:default project_id=142550 project_image_fid=297877]

Luke Berry, Co-Founder of Third.i, said the team is&nbsp;always looking for innovative ways to help Australians achieve their property dreams.

"NestDeposit addresses the challenges of rising living costs, house prices, and the long savings periods needed for traditional deposits, making homeownership more accessible for buyers across the country," Berry says.

“We’re excited to offer NestDeposit at Elevate Hume Place, giving more people the chance to secure a home in a prime location above the new Crows Nest Metro. At Elevate, residents will enjoy seamless connectivity, stunning homes, upscale communal amenities, and an area that beautifully combines urban convenience and community charm."

Situated directly above the recently opened <a href="/developments/crows-nest-nsw-2065">Crows Nest</a> Metro Station, <a href="/new-apartments/elevate-hume-place-crows-nest-25-hume-street-crows-nest-nsw-2065">Elevate Hume Place</a>&nbsp;has been designed by Woods Bagot. and are split into categories; The Urban Residences, Panoramic Residences, and Skyhomes.

[smartcode_project:default project_id=142550 project_image_fid=297878]

The Urban Residences are made up of 76 one and two-bedroom apartments. They start on level seven and each feature a balcony or winter garden providing an extended alfresco living space.&nbsp;

The Panoramic Residences offer one, two and three-bedroom apartments, higher up the building to offer extensive views stretching from the heads, across the Harbour, and to the city skyline.&nbsp;

There are only 11 apartments in the Skyhomes collection, including a number of three-level penthouses that have their own rooftop terrace with a pool and outdoor kitchen. Each of the Skyhomes has three bedrooms, except for one oversized two-bed.

&nbsp;

&nbsp;

<a href="/developers/thirdi-group">Third.i</a>&nbsp;and joint venture partner Phoenix Property Investors are working towards a Q3 2027 completion date.

[smartcode_project_cta:default project_id=142550]

Luke Berry, Co-Founder of Third.i, said the team is always looking for innovative ways to help Australians achieve their property dreams

Third.I offer $10k deposits at Elevate Hume Place apartments above Crows Nest Metro

When asked about the key strengths of <a href="/developers/citinova">Citinova</a>’s Albero development, the response from the Urban community was clear: it’s all about location.&nbsp;

Nestled in the heart of <a href="/developments/greensborough-vic-3088">Greensborough</a>, Albero has drawn attention, from first home buyers to investors, not just for its modern design but for the unique balance it offers—urban convenience intertwined with the charm of a tight-knit community.

As part of a Victorian Government high-priority precinct, the suburb is expected to see a population increase of seven per cent by 2027, which has spurred demand for housing.&nbsp;

<a href="/buildings/albero-greensborough-4-poulter-avenue-greensborough">Albero</a>, being the only new apartment development in the suburb, stands to benefit from this growth, as well as from recent government-led infrastructure upgrades, such as the modernized Greensborough Station, which has improved local connectivity.

The combination of these infrastructure improvements and the stable local economy, supported by a mix of healthcare, retail, and hospitality industries, has made Greensborough a strong investment opportunity.&nbsp;

[smartcode_project:default project_id=4722 project_image_fid=240437]

Nearly half of the local population earns over $1,000 a week, with many looking for housing close to work, further contributing to the demand for quality residential developments like Albero.

Albero itself has capitalised on the community’s desire for connected living, offering two-bedroom apartments that cater to the needs of both downsizers and first-home buyers.

Its functional and liveable design, handled by Biasol, incorporates elements that reflect the surrounding natural landscape, enhancing the connection to Greensborough’s leafy setting.&nbsp;

Communal terraces and outdoor spaces within the development encourage social interaction among residents, complementing the broader community feel of the suburb.&nbsp;

[smartcode_project:default project_id=4722 project_image_fid=240440]

The proximity to parks, walking trails, and green open spaces also aligns with the lifestyle that Greensborough residents seek, offering a retreat-like atmosphere without sacrificing convenience.

Greensborough’s robust amenities and the balanced lifestyle it offers continue to draw buyers, and the completion of Albero marks an important milestone for the suburb.&nbsp;

Albero’s one, two, and three-bedroom apartments are ready for residents to move in.

[smartcode_project_cta:default project_id=4722]

As part of a Victorian Government high-priority precinct, the suburb is expected to see a population increase of seven per cent by 2027, which has spurred demand for housing. 

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