Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Carlton

Marocci Property Group have found their place within the tree-lined streets of Carlton, recording over $30 million in sales already at La Storia.

With construction set to commence soon on the residential project, buyers have only a small window to gain off the plan prices, prior to August 1, beating significant price rises.

[smartcode_project:default project_id=111979 project_image_fid=194080]

Delivering just 20 apartments across the site, La Storia has been designed by the father and son led M3 Design, with each of the three-bedroom homes prioritising natural light and airflow.

Taking its lead from the Venetian architect Carlo Scarpa, La Storia bursts with lightness, spareness and balance, following an&nbsp;environmentally conscious&nbsp;design that seamlessly integrates into its surrounds

Technically part of the modernist movement, Scarpa&rsquo;s style was subtle and subversive, instead of shunning the past he honoured it, transforming buildings with stunning simplicity.

[smartcode_project:default project_id=111979 project_image_fid=194079]

Driven by beauty and permanence, La Storia is built of strong materials, including marble and concrete, with the exterior taking on a monolithic presence, to reflect the idea of immutability.

Finely detailed and honed in stone, La Storia imbues the legacy of Carlos Scarpa, along with his ethos of the handmade and warm-blooded mix of the old and the new. &nbsp;

Maximum functionality and movement are at the heart of each floor plan with indoor and outdoor spaces designed to entertain or simply retreat to and relax.

[smartcode_project_cta: project_id=111979]

alisonwarters@gmail.com

Quick sales at La Storia, Carlton apartments

Melbourne&#39;s Carlton is set to score a new collection of&nbsp;apartments on the sought-after fringe of the green Carlton Gardens.

The $80 million plans for a 13-level apartment tower and seven townhomes have been lodged by a company associated with Chinese businessman Wang Hau, the chairman of the Nanjing-based conglomerate Jeshing Group.

He paid $20.68 million for the site a 1-23 Rathdowne, on the corner&nbsp;of Rathdowne and Victoria Street, in 2013 from the&nbsp;Anti Cancer Council of Victoria. Currently on the 3,106 sqm block is the old 1970s Cancer Council building and a red brick warehouse.

Previously a much bigger site homed the Coffee Palace building, which was built in 1888. It was demolished after a fire in the late 1960s.

<a href="/new-apartments/1-23-rathdowne-street-carlton">To be notified on the next stage of the development, enquire here.</a>

<a href="/new-apartments/1-23-rathdowne-street-carlton"><img alt="" height="726" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-17_at_9.28.31_am.png" width="902" /></a> 
A c1888 drawing of the original Coffee Palace building. Source: Albert Charles Cooke.

There will be 77 apartments, designed&nbsp;to take in extensive views over the gardens with extensive vision glazing in all living rooms and bedrooms. The majority will be two-bedroom apartments, 42 of them. There will be only a single one-bed apartment, 27 three-bedders, six four-bedroom apartments, and a massive 557 sqm penthouse.

Just seven townhouses will be located on the ground level, a mix of one, two and three-bedrooms.

Residents will have access to private amenity on level one, which will include a pool, gym, yoga, sauna and steam room, and further amenity of two open space terrace areas with seating, a meeting room, and a library.

<a href="/new-apartments/1-23-rathdowne-street-carlton">To be notified on the next stage of the development, enquire here.</a>

<a href="/new-apartments/1-23-rathdowne-street-carlton"><img alt="" height="285" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-17_at_9.42.25_am.png" width="556" /></a>

There will be three office suites totalling around 615 sqm, and a 221 sqm ground floor cafe.

In readiness for Zero Carbon operation the development will be entirely serviced using electricity.

Bates Smart has designed the building to be separated into three distinct volumes that are arranged around a central landscaped forecourt. The two smaller volumes present as podium forms to the street,&nbsp;while the third volume comprising the upper levels &nbsp;is designed &nbsp;as a recessive and neutral element in contrast to the podiums below.

<a href="/new-apartments/1-23-rathdowne-street-carlton">To be notified on the next stage of the development, enquire here.</a>

<a href="/new-apartments/1-23-rathdowne-street-carlton"><img alt="" height="608" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-17_at_9.43.18_am.png" width="929" /></a>

&quot;The proposal is envisaged as a collection of stacked objects, with three&nbsp;distinct hierarchies, low, mid and upper,&quot; Bates Smart noted in their design statement submission.

&quot;These three&nbsp;distinct zones are further broken down through scale, form, setbacks and materiality, which respond to each orientation of the site.

&quot;Careful articulation of the facade, breaks these objects down even further and wrap around and inset balconies and recesses provide additional depth to the facade and a play of light and shade.

&quot;A primary fa&ccedil;ade grid is overlaid on the stacked objects and creates an ordered framework, framing balconies, windows and edges. The colour, materiality and texture of the fa&ccedil;ade grid is varied in response to the orientation.&quot;

Bates Smart worked in collaboration with the landscape architecture firm Barber, who in their statement said they&nbsp;landscape response to 1 Rathdowne Street is a unified program in close collaboration with Bates Smart Architects responding to the local context; the surrounding, existing victorian townhouse architecture, their private landscapes and the central urban milieu.

&quot;The landscape responds equally to the performance of landscape in buildings and specifically a tailored response to the proposed architecture and site development,&quot; they noted.

<a href="/new-apartments/1-23-rathdowne-street-carlton">To be notified on the next stage of the development, enquire here.</a>

<a href="/new-apartments/1-23-rathdowne-street-carlton"><img alt="" height="716" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-17_at_9.33.24_am.png" width="1094" /></a>

There is no heritage issues following the heritage impact statement report, however it did note the importance&nbsp;&nbsp;of face brick, bluestone and rendered masonry construction materials within the precinct.

&quot;The proposed material schedule for the building directly references this combination of materials, however reinterprets them in a contemporary manner that ensures they will remain legible as new development,&quot; the report read.

The submission to the City of Melbourne Council noted the 99 walkability score from the development, with everything accessible by foot, as well as solid public transport infrastructure.

First look: New apartments to hit Carlton Gardens

A limited series of just 20 apartments, La Storia&nbsp;is a considered residential building designed to pay homage to both Carlton and Italy.

M3 Design, led by father and son, Frank and Gianni Mancuso, are behind the interiors, delivering a range of three-bedroom apartments within Marcocci Property Group&rsquo;s development.

[smartcode_project:default project_id=111979 project_image_fid=194080]

Each residence prioritises natural light and airflow, with functionality at the heart of each floor plan. The design has been inspired by the designs of the late legendary&nbsp;Venetian architect Carlo Scarpa.

The exterior takes on a monolithic presence to reflect the idea of immutability, with finer details of honed stone carrying Scarpa&rsquo;s legacy with mixing the old and the new. The development has four different&nbsp;residences available; Residenza Lusso, Residenza Centro, Residenza Giardini, and Residenza Allegria.

&nbsp;

<a href="https://kuula.co/share/collection/7qdBC?logo=-1&amp;info=0&amp;fs=1&amp;vr=1&amp;zoom=1&amp;initload=0&amp;thumbs=-1&amp;ovd=floodslicer.viewin360.co%22%3E%3C/iframe%3E"><img alt="" height="1420" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-16_at_4.06.38_pm.png" width="2544" /></a>

Residenza Lusso offers vast entertaining area, with the building&rsquo;s largest living room and balcony, which face toward the city.

Residenza Centro sits at the corner of Cardigan and Argyle Square, facing the east. With the largest overall floor space, these residences fearure a large kitchen island bench with seating, further encouraging entertaining and interaction.

[smartcode_project:default project_id=111979 project_image_fid=194085]

Residenza Giardini focuses on the green with the lush trees of Argyle Square immediately in view. Residents can choose to split these apartment in two, placing the living quarters to one side, with the ability to spill out onto the generously-sized balconies.

Residenza Allegria draws on its environment and the hive of Carlton&rsquo;s activity and neighbouring suburbs. Taking in the Scarpa aesthetic &ndash; filtering light with natural reflections, the residences glow and change in various organic tones depending on the time of the day.

[smartcode_project:default project_id=111979 project_image_fid=194093]

Located at the corner of Cardigan and Pelham Street, La Storia finds its home on the park lined streets of Carlton.

Inspired by the rich history of its surroundings and it&rsquo;s famous immigrant culture, La Storia has been designed to age gracefully and to leave its mark on an area that has provided so much to the culture of Melbourne.

[smartcode_project_cta: project_id=111979]

Each residence prioritises natural light and airflow, with functionality at the heart of each floor plan.

Marcocci Property Group launch Carlton apartments, La Storia

Construction is underway on the&nbsp;new Carlton apart​ment development,&nbsp;Encompass.

Designed by renowned architects Jackson Architecture and located on the corner of Elgin and Nicholson Streets, Encompass is a joint venture between Frasers Property Australia and Citta Property Group.

Encompass, which will be a&nbsp;minimum 5-star energy rated residential building, has already sold over 50 per cent of its 115 apartments.

Harris HMC has been appointed as the builder and construction of the residential tower is expected to reach completion in mid-2023.

[smartcode_project:default project_id=5116 project_image_fid=21762]

Sarah Bloom, General Manager Development Victoria, Frasers Property Australia, says the expansive city views, location just 2.5km from Melbourne&rsquo;s CBD as well as having local cafes, shops and restaurants at its doorstep, make Encompass a popular choice for purchasers wanting to experience cosmopolitan Carlton.

&ldquo;There is a real &lsquo;wow&rsquo; factor to Encompass, not only from its impressive aesthetic design, but also its many sustainability features, such as water management initiatives, natural light and ventilation to every corridor, consideration of orientation and shading maximising light and ventilation to all apartments,&rdquo;&nbsp;Bloom says.

&ldquo;With all these benefits on offer in one place, it&rsquo;s no wonder that more than 50% of Encompass&rsquo;s apartments have already been sold.

[smartcode_project:default project_id=5116 project_image_fid=188245]

&ldquo;We&rsquo;re excited to get started and to mark this exciting milestone with our project partners and members of the community,&rdquo; she says.

Alister Woods, Director, Citta Property Group says Encompass combines stunning architecture with premium amenities for residents to create a compelling lifestyle offer for buyers.

&ldquo;Encompass will elevate the local community with its striking design and range of quality resident facilities,&quot; Woods says.

&quot;The strong sales achieved to date demonstrate the value proposition Encompass represents and today&rsquo;s sod-turning means we&rsquo;re on the way to delivering a premium quality, sustainable, lifestyle-focused development that takes full advantage of its convenient and cosmopolitan Carlton location.&quot;

[smartcode_project:default project_id=5116 project_image_fid=188242]

The eight-level building, offering a mix of one, two and three- bedroom apartments, is set to cater to&nbsp;a wide range of purchasers, from first home buyers and young families to downsizers and investors.

Each apartment will include its own private balcony or courtyard, accessed by floor-to-ceiling sliding doors. There will be&nbsp;2.7 metre&nbsp;high ceilings to living areas, premium kitchen appliances,&nbsp;oak timber finish floors in living areas and 100% wool loop pile carpet in the bedrooms.

Another highlight is the residents-only rooftop lounge, complete with alfresco dining area and outdoor barbeque, fully-equipped kitchen and a formal lounge area with television and library.

[smartcode_project_cta: project_id=5116]

[smartcode_project:default project_id=5116 project_image_fid=188243]

Harris HMC has been appointed as the builder and construction of the residential tower is expected to reach completion in mid-2023

Construction starts on Frasers' Encompass, Carlton apartments

Rising nine stories in Melbourne&rsquo;s inner-northern suburb of Carlton, Encompass is the latest residential project from leading developers Frasers Property and Citta Property Group.

The development, under construction by the reputable construction firm Harris HMC,&nbsp;has been designed by Jackson Architecture to present a collection of premium one, two and three-bedroom residences.

Residents arriving at the development, situated on the corner of Elgin and Nicholson Streets, will be greeted by an architecturally distinct building, establishing a unique urban presence within Carlton.

Staying true to the neighbourhood&rsquo;s cultural heritage, the architects utilise &lsquo;masonry stone&rsquo; textured concrete on the fa&ccedil;ade, reminiscent of the original blue cobblestone streets of Carlton.

The building&#39;s form is sculpted by its balconies and terraces, creating a layered effect, and providing a level of privacy, outlook and outdoor living for residents to enjoy.

&ldquo;Pop-out perforated metal clad balconies and staggered anodised window hoods add another element of articulation to the fa&ccedil;ade&rdquo;, the project marketing reads.

The lobby is also framed by perforated metal finishes which continues into the foyer, merging the fa&ccedil;ade with the interior.

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Open and bright living spaces are the feature of each residence, with 2.7m ceilings, paved terraces and balconies and floor-to-ceiling windows.

Oak timber finish flooring and the choice between two colour schemes, light or dark, add a warmth to the home

&ldquo;The kitchens at Encompass are the perfect combination of contemporary style and functionality&rdquo;, the developers note.

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Premium appliances, matte timber-look, full-height cabinetry and dual-tone cupboards contrast against the reconstituted stone benchtop in raw concrete.

Kitchens also include a pull-out pantry and&nbsp;sophisticated matte black tapware to present a cohesive minimalist style. An&nbsp;integrated fridge and freezer is an optional upgrade.

Bedrooms are similarly warm and inviting with built-in robes, wool loop pile carpets and some featuring a study nook.

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Encompass bathrooms follow on from the clean lines and minimalist style of the residence, with feature black fittings, terrazzo floor tiles and a hand-blown Hollywood-style wall lamp.

Creative architecture and considered landscaping mean residents can feel excited whether they are in their private apartments or enjoying the communal amenities on offer.

The development features a rooftop lounge, outdoor barbeque, alfresco dining and lounge areas and a fully-equipped kitchen to provide an escape from the hustle and bustle of the city below.

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Residents arriving at the development, situated on the corner of Elgin and Nicholson Streets, will be greeted by an architecturally distinct building

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Inside Frasers Property’s new Carlton apartments, Encompass

Encompass is a new development rising nine storeys in Melbourne&rsquo;s inner-northern suburb of Carlton, delivered in partnership between Frasers Property and Citta Property Group and currently under construction by the reputable Harris HMC.

At the &ldquo;centre of everything&rdquo;, Encompass is located on the corner of Elgin and Nicholson Streets, and the latest in a strong portfolio of premium residences by the two leading property groups.

Comprised of one, two and three-bedroom apartments, the project provides a great lifestyle opportunity for discerning buyers seeking the best of architecture, outdoor spaces, sustainability, and urban living.

But why invest? Urban takes a look at eight reasons why investors are showing interest in this new development.

1. Melbourne&rsquo;s most walkable neighbourhood

Carlton has been named Melbourne&rsquo;s most walkable neighbourhood by Walk Score, with a score of 97 attributed to its convenient local amenities.

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Residents at Encompass can walk to around 50 restaurants, bars and coffee shops within five minutes.

Benefitting from strong local retail and amenity, education and employment hubs, as we shall soon explore, Carlton has it all.

2. Apartment affordability

Apartments in Carlton offer an affordable option for renters with median weekly rents registered at $360 for the year to March 2021, according to Urbis.

For new apartments&nbsp;in Carlton, median weekly rents registered at $410; a $50 premium over older apartment stock.

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This, coupled with a gross rental yield of 5.1 per cent, provides a big positive for potential investors looking to purchase an apartment in Carlton.

Investors are also likely to achieve a better return on investment as the rental market stabilises as a result of ongoing tenant activity.

3. Public transport

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With trams running along Swanston Street, Nicholson Street and Lygon Street, Encompass residents can feel connected to the Melbourne CBD.

The new Parkville station will also enhance the local public transport offering of Carlton, providing nearby access to the CBD and the remainder of Melbourne.

4. Open space and neighbourhood amenities

Leisure and open space are an important part of any neighbourhood, and Carlton is rich with parklands and gardens.

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World heritage site Carlton Gardens boasts nearly 20-hectares of parkland, and contains the Royal Exhibition Building, Melbourne Museum and tennis courts.

Other neighbourhood amenities include the Carlton Baths, which features a 25-metre public pool, as well as a health club and sporting facilities.

5. Retail and restaurants 

Carlton is characterised by its young and culturally-diverse population, reflected in its great bars and trendy caf&eacute;s.

Lygon Street, or &ldquo;Little Italy&rdquo; as it&rsquo;s known by locals, features almost 150 retail stores, including 80 caf&eacute;s, bars and restaurants, many of which are Italian. &nbsp;

Residents are never far from local retail amenity, with a Woolworths shopping centre nearby, as well as an IMAX cinema, bank and clothing stores.

6. Over $11 billion in infrastructure investment

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$11 billion in state and local government infrastructure investment is currently in the pipeline to benefit Encompass residents.

Key projects include the $11 billion new metro tunnel project to improve train capacity by close to 60 per cent and the $9 million University Square masterplan.

The $500 million redevelopment of the inner-city innovation precinct will also serve to introduce a new mixed-use precinct to the suburb that features office space, public engagement space and retail offerings.

7. Great design

Designed by Jackson Architecture, the design of Encompass is sure to see renters seek out an apartment in the new development.

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The architecturally distinctive building will establish a unique urban presence within Carlton and Fitzroy, while staying true to the neighbourhoods&rsquo; cultural heritage.

This extends into the interiors with open and bright living spaces, a paved terrace or balcony in each residence and carefully considered floorplans.

8. Nearby educational institutions

A number of educational institutions are within close proximity of Encompass, including Australia&rsquo;s leading university, the University of Melbourne, which sits along the western border of Carlton.

Several major universities are situated within walking or cycling distance for Carlton residents, including RMIT University, Victoria University Flinders Campus and the University of Melbourne&rsquo;s Parkville campus.

Primary schools nearby include the Carlton Gardens Primary School, Carlton Primary School and Carlton North Primary School.

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Urban takes a look at eight reasons why investors are showing interest in this new development

Why invest in Carlton: Find out why investors are eyeing Frasers Property’s Encompass

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Situated on the border of the vibrant inner city Melbourne suburbs of Carlton and Fitzroy, Found offers 65 apartments and four exclusive townhomes in one boutique residential building. Designed by award-winning Jackson Clements Burrows Architects, the architectural vision is inspired by the community and character of Carlton.

<figure><a href="/new-apartments/found-23-palmerston-crescent-carlton"><img alt="" class="image-article_full_width_580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/found-23-palmerston-crescent-carlton-cf61496d9388e06ba1382e70fe2c2725.jpg?itok=C_yMyxat" style="width: 580px; height: 435px;"></a></figure>Offering contemporary one, one plus study, two and three bedroom apartments, as well as two and three bedroom townhouses, Found delivers unique, innovative layouts and extremely high quality finishes. Clever design principles and open plan layouts capture views and are awash with natural light filling living spaces. Many apartments feature second bathrooms and dedicated study areas, perfect for the location as Found is incredibly close to some of Melbourne's leading Universities and Tertiary institutions. The exclusive townhouses overlook tree-lined Palmerston street, containing a luxurious sense of space and outdoor terraces.

<figure><a href="/new-apartments/found-23-palmerston-crescent-carlton"><img alt="" class="image-article_full_width_580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/found-23-palmerston-crescent-carlton-1e738e7bbcd12376480d01684d42a867.jpg?itok=Pdyj9ztl" style="width: 580px; height: 435px;"></a></figure>3km from the CBD, Found Carlton presents the latest project in an outstanding portfolio of quality residential developments, adding a new dimension to the diverse and dynamic Carlton community. With variations in depth and height, the building's clean geometric lines rise above the treetops.  This meeting of unique architecture and nature are what give Found its living identity. Planter boxes are designed to house climbing plants that wrap the building in a living green façade. 

<figure><a href="/new-apartments/found-23-palmerston-crescent-carlton"><img alt="" class="image-article_full_width_580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/found-23-palmerston-crescent-carlton-faaf28c38042f316a0e3e1bcae73e29e.jpg?itok=FQE0nP37" style="width: 580px; height: 435px;"></a></figure>Carlton and Fitzroy are full of eclectic character and offbeat laneway surprises. Offering shopping, cafe's, restaurants and bars just a short walk away, find yourself immersed in all the local treasures nearby such as:

<ul>
<li>Melbourne CBD, only 2.6kms away.</li>
	<li>Smith Street, Brunswick Street and Gertrude Street shopping precincts.</li>
	<li>The University of Melbourne</li>
	<li>RMIT University</li>
	<li>The Royal Melbourne and Royal Children's Hospitals</li>
	<li>Melbourne Zoo</li>
	<li>Melbourne Museum with IMAX</li>
	<li>Queen Victoria Market</li>
	<li>Lygon Street, Melbourne's hub of Italian cafe's and restaurants.</li>
	<li>Capital City Bicycle Trail</li>
	<li>Numerous tram lines and train access within walking distance. 
	 </li>
</ul>
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urban.com.au

Carlton - High quality, sustainable apartments FOUND in Carlton

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A former hotel-turned-commercial office building in Carlton has sold for $6.8 million.
It is the first and only sale on the iconic Lygon Street strip for 2019
Colliers International’s Daniel Wolman, Oliver Hay and Dave Walker and MMJ Real Estate’s Joel Wald were appointed to auction the 659 sqm double storey corner freehold at 186-190 Lygon Street.
Their price expectations were around the $6 million mark.
“A land rate of over $16,000/sqm is exceptionally strong for this precinct and a recent record if you consider the undevelopable rear laneway which is on title,” Mr Wolman said.
Mr Walker said the prime location, directly opposite the leafy Argyle Square, and within walking distance from the University of Melbourne and RMIT, was a key selling point.
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j.ballantyne1990-6AQqhLzZaK

Former Lygon Street Hotel turned office building sold for $6.8 million

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A Carlton unit has sold for $680,000 at weekend auction. 
The two-bedroom apartment, at 6/2 Carnarvon Street, features two car spaces, a large balcony, and a single bathroom.
There is 149 square metres of internal floorspace (not including the balcony).
It came onto the market with a price guide of between $600,000 and $650,000.
It previously traded in 1998, when it sold for $225,250.
Carlton's median unit price is $645,000.
John Kastellorios, from Laing+Simmons St George, listed the property. 
 
 
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Carlton unit sells at weekend auction

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A new modern Asian cuisine venture is set to open on an iconic Carlton strip.
Chris James of Fitzroys negotiated the lease at 263 Lygon Street in Carlton on behalf of a private owner.
The five-year lease with further options was struck at $83,000 per annum plus outgoings and GST, and the new venture will host diners from the 95 sqm ground floor of the building.
James said the long-term lease in the prime section of the strip reflects the operators’ confidence in the transformation of Lygon Street.
His Fitzroys colleague Terence Yeh have also been marketing 259-261 Lygon Street next door, which is under offer.
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