Sydney developer Deicorp is set to officially open its <a href="https://www.apartments.com.au/new-apartments/hills-showground-village-castle-hill-2-mandala-parade-castle-hill-nsw-2154">Showground Village</a> precinct in Castle Hill.

NSW Premier Chris Minns will attend the opening on Sunday August 31, alongside&nbsp;Minister for Planning and Public Spaces Paul Scully, The Hills Shire Council Mayor Dr Michelle Byrne, Landcom CEO Alex Wendler, and Deicorp Founder Fouad Deiri.

Located just moments from Hills Showground Metro Station, the centre spans 9,500 sqm across four levels and features 26 specialty retailers as well as a 1,400 sqm public plaza, creating a new community meeting point for shopping, dining, fitness, and everyday convenience.&nbsp;

Showground Village forms part of the Hills Showground Station Precinct, an urban renewal initiative led by Landcom and Sydney Metro that will provide for around 2,300 new jobs over the next 20 years and around 9,000 new homes.&nbsp;

Deicorp was recently approved for another new development next door to Showground Village.

The new five residential buildings in the East Showgrounds Precinct, will see another 873 dwellings delivered, as well as&nbsp;3,500 sqm of open public space in the form of landscaped courtyards, a public park and communal outdoor recreational space including a playground, barbeque area, and outdoor seating.

“This approval will allow us to start construction on a range of beautifully designed, conveniently located apartments and create another vibrant, walkable and well-connected community,” said&nbsp;<a href="https://www.apartments.com.au/developers/deicorp" target="">Deicorp</a>&nbsp;Founder Fouad Deiri.

“These new homes will provide their residents with a seamless connection to jobs and services along Metro North West, and the new&nbsp;<a href="https://www.apartments.com.au/new-apartments/hills-showground-village-castle-hill-2-mandala-parade-castle-hill" target="">Hills Showground Village</a>&nbsp;retail precinct currently under construction."

Deicorp has several thousand apartments in planning and under construction across Sydney, from Zetland and Five Dock to Crows Nest and Macquarie Park.

[smartcode_project_cta:default project_id=133881]

Joel Robinson

Deicorp, NSW Premier officially open Showground Village, new retail and hospitality hub in Castle Hill

ASX-listed developer Cedar Woods is progressing its plans for its Southbank arts precinct site.&nbsp;

The developer has filed plans, which are now with the&nbsp;Department of Transport and Planning, for a new 20-level tower at&nbsp;<a href="https://www.apartments.com.au/new-apartments/141-151-sturt-street-southbank-vic-3006">141–151 Sturt Street</a>, a 2,718 sqm block opposite the Habitat Filter sculpture.

The proposal seeks to demolish the two-level&nbsp;commercial building, including a small supermarket and medical tenancies, and create a new building with 180 apartments and a focus on an&nbsp;active public realm and arts integration.

&nbsp;

<img alt="Southbank site" data-entity-type="file" data-entity-uuid="76a72db6-91ef-43ae-827d-a9cfa72893d2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Site.png?VersionId=DZgtB4K6BswVh0QtCs3iLjXaLp0CbcEb" />

&nbsp;

There will be a full mix of apartment configurations, including 28 studio apartments, 16 one-bedroom, 104 two-bedroom, and 32 three-bedroom units.

Retail, creative arts, and residential amenity functions are integrated across the lower levels. A food and drink tenancy is planned to front Dodds Street, while a retail tenancy fronting Sturt Street will be accessed via an elevated walkway. The first floor includes a substantial 734 sqm creative arts space, envisioned to support Melbourne’s growing cultural and digital industries.

Architecture firm <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has put together the plans. In their&nbsp;Urban Design Report they highlighted the project’s ambition to embed itself within Southbank’s evolving cultural fabric.

A central feature of the design is a through-block link connecting Sturt and Dodds Streets, landscaped with native plantings and embedded with universal access ramps.

“The ramp has been thoughtfully integrated as the primary access point, ensuring universal accessibility for all users,” the report noted, with the link offering “a direct response to the urban planning scheme of creating more green spaces within our communities”.

<img alt="Southbank podium" data-entity-type="file" data-entity-uuid="4d24b1b2-d69c-4a11-a11d-ec6df432221c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium.png?VersionId=geWoJyZDmPSLODZ_.PNJ0LvpOmyyCdpo" />

The building’s podium form responds to the mandatory height limits along Dodds Street and maintains a fine-grain interface to adjoining developments. Above the podium, the tower is articulated with recessed balconies and a focus on views toward the CBD and surrounding arts institutions. A communal rooftop recreation deck and indoor lounge are positioned on level four, adjoining seven apartments and providing over 900 sqm of resident amenity space.

Vehicle access and loading will be provided via Dodds Street, with 155 resident car spaces located across two basement levels and the first three above-ground floors. Bicycle storage is more generous, with 226 spaces distributed across resident, staff and visitor needs.

Rothelowman describes the architecture as “humanist,” with ground-level interfaces designed to encourage social interaction and provide a dignified entry for both residents and passers-by. “All street interfaces are crafted to invite and nurture human connections,” the design report states. “The façade transitions to a human scale, providing an approachable and engaging streetscape”.

Cedar Woods, while well-known for its large communities it develops outside of Australia's capital cities, they have recently developed in Melbourne's inner-ring before. They are approaching completion at <a href="https://www.apartments.com.au/new-townhouses/88-leveson-north-melbourne-88-leveson-street-north-melbourne-vic-3051">88 Leveson</a>, just 15 townhouses in the heart of North Melbourne.

Cedar Woods progresses with new apartment plans in Southbank arts precinct

Brisbane developers Core Property Partners and Vector Property Australia has teamed up for Brisbane's newest apartment development.

The duo identified <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as their preferred suburb, on the fringe of the Gabba Precinct, where they've just revealed BANKSII, 72 apartments opposite Raymond Park.

[smartcode_project:default project_id=136432 project_image_fid=5481]

The one-, two-, and three-bedroom apartments will sit in a glass-wrapped building that will also feature a rooftop with an&nbsp;infinity-edge pool, a BBQ area and alfresco dining spaces, sun lounges, and a sauna, as well as a resident-only gym and a ground-floor cafe.

Rhett Williams, Director of Vector Property Australia, said the project will lift the quality of the East Brisbane community and set a new benchmark.

"In Brisbane’s current property landscape, <a href="https://www.apartments.com.au/new-apartments/banksii-east-brisbane-169-wellington-road-east-brisbane-qld-4169">BANKSII</a> stands out through its emphasis on lifestyle-oriented living, connectivity and sophisticated design," Williams says.

[smartcode_project:default project_id=136432 project_image_fid=5479]

The 10-level building has been designed by MAS Architecture. Their designs were inspired by the native Banksia flower, with the architecture and interiors reflecting the organic symmetry of its namesake flora. MAS has interpreted this throughout the building’s curved form, façade detailing and interior palette.&nbsp;

The building’s flowing geometry and natural tones are complemented by large balconies and floor-to-ceiling glazing, maximising cross-breezes, daylight and views over the city, parklands and river.

“Having a strong narrative for a building helps us architecturally,” MAS noted. "We can choose colours that come off that species of flowers. The trunk and the trees and the flower elements all are now visible in our joinery on the inside and in our architectural finishes on the outside."

[smartcode_project:default project_id=136432 project_image_fid=5485]

Apartments will feature timber floors, soft porcelain tiles, brushed bronze fittings, and stone benchtops with warm veining.&nbsp;

Kitchens feature premium SMEG appliances and generous storage, while bathrooms have been designed as calming retreats with curved cabinetry and twin sinks in the master ensuites.

The building will feature a suite of rooftop and wellness amenities. Residents will have access to an infinity-edge pool, BBQ and alfresco dining areas, sun lounges and a rooftop sauna.&nbsp;

A residents-only gym will be located on the podium level, while a ground-floor café and landscaped laneway will further activate the site and improve neighbourhood connectivity.

[smartcode_project:default project_id=136432 project_image_fid=5488]

BANKSII will rise from a prime Wellington Road site, with the building oriented to overlook the adjacent Raymond Park and take in extensive city views. It is also on the doorstep of key&nbsp;lifestyle infrastructure, including the future Kangaroo Point Green Bridge, The Gabba stadium, and the planned Brisbane Live arena.&nbsp;

Public transport options, including ferry, bus and rail - including the future Cross River Rail Woolloongabba station - are all nearby, supporting a car-optional lifestyle just minutes from the CBD.

Williams said the team spent over a year searching for the ideal site before securing this location.

"We were attracted to <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as it is a vibrant and growing community that offers a perfect balance of urban convenience and natural beauty with the parklands and river on our doorstep.”

The project is part of the broader Woolloongabba Games precinct, which is undergoing significant investment in the lead-up to the 2032 Brisbane Olympics. This urban renewal, coupled with infrastructure upgrades, is expected to enhance long-term liveability and capital growth in the area.

Given the wide max of configurations, BANKSII is expected to suit everyone from first home buyers and investors to families and downsizers.

[smartcode_project_cta:default project_id=136432]

BANKSII sales launch in booming East Brisbane apartment market

The Minns Labor Government will deliver Sydney’s first new heavy rail station in more than a decade – enabling up to 10,000 new homes by rezoning land around Woollahra and Edgecliff stations, right next to the CBD, to tackle the housing crisis and rebalance growth across the city.

Recent reports by the NSW Productivity Commission have warned that Sydney is losing twice as many young people as it is gaining, while also finding that Woollahra is the most feasible Local Government Area (LGA) in New South Wales to build new housing.

Despite this, housing approvals in Woollahra consistently lag well behind other LGAs, and the population has declined by 11 per cent over the past 50 years while Greater Sydney as a whole has grown by 74 per cent.

The new station that will be an eight-minute trip from Sydney CBD, will be located on the Eastern Suburbs train line in Woollahra, where a station build was started in the 1970s but never completed.

To enable the delivery of new homes the NSW Government will lead a rezoning of Woollahra and Edgecliff stations similar to other state led rezonings to allow additional homes to be built around the stations.

Affordable housing will also make up a proportion of development on the site with the final amount of affordable housing required, to be determined as part of the rezoning process.

The area surrounding the new station is within walking distance of major green and recreational space including Cooper, Trumper, Rushcutters Bay and Centennial Parks.

The Eastern Suburbs train line between Bondi Junction and Sydney CBD also has the lowest passenger usage rates during the AM peak of any line on the Sydney network, with only 43 per cent of operating capacity during the AM peak currently being utilised by passengers.

Sydney Water and Infrastructure NSW have confirmed there is capacity in the water and wastewater systems to accommodate the proposed 10,000 dwellings without major upgrades.

The rezoning is expected to take around two years and will further support the Government’s housing targets that rebalance the delivery of new homes around existing infrastructure.

&nbsp;

&nbsp;

Next stop Woollahra train station - delivering up to 10,000 new homes in the heart of Sydney

<section data-element_type="section" data-id="b086848">
Fresh off completing its mixed-use Malvern project Malvern Collective, Kokoda Property Group has acquired a prime site on Richmond's Bridge Road.

They are planning a mid-rise residential development with&nbsp;integrated wellness amenities and a vibrant ground-floor retail and dining offering.

The site, at&nbsp;487–495 Bridge Road, spans&nbsp;1,650 sqm with 50 metres of dual frontage across Bridge Road and Palmer Street. It is currently leased to Adairs, and has a large retail building and 20 onsite car parks.
</section>

<section data-element_type="section" data-id="534a164">
Kokoda Property Group’s acquisition forms part of a broader phase of growth in Melbourne, building on momentum from the completion of Malvern Collective and the recent purchase of a Burnley Street site for the developer’s first commercial project.&nbsp;

Mark Stevens, Kokoda Property Group’s Founder and Managing Director, said that the company’s Bridge Road site acquisition signals confidence in a city that is re-accelerating.

“Melbourne is regaining momentum,"&nbsp;Stevens said.

"After a cautious period post-COVID, we’re seeing buyer sentiment stabilise and capital leaning back into well-located, quality projects. Victoria now benefits from deep builder capacity and competitive delivery pricing, creating a rare opportunity to bring design-led inner-city developments to market without compromising on craftsmanship.

“Richmond ticks all the boxes for us – connectivity, culture and everyday amenity – making Bridge Road the perfect address for an amenity-rich, multi-use development."

<img alt="Kokoda" data-entity-type="file" data-entity-uuid="9a8de51d-8092-480a-8b7e-e081816692c2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-29%20at%208.54.27%E2%80%AFAM.png?VersionId=VRHpV5.6beOu2cieKHWrw3ErMPuVOAuj" />

Envisioned as an “urban lantern” the building will bring a distinctive new presence to Bridge Road with a sculptural retail frontage, designed to honour the street’s heritage character while contributing to its renewal.

Stevens said the acquisition reflects the developer’s commitment to design-led addresses in Melbourne’s inner city.

“Drawing on Richmond’s rich heritage and dynamic character, we’ve envisioned a contemporary building that respects the past while elevating the way people live today. With dual frontages, curated ground-floor spaces, and a focus on wellness, this project will contribute to the neighbourhood’s evolution, appealing to both downsizers and a new generation of professionals.”

Kokoda Property will now progress concept design ahead of a future planning process.
</section>

Mark Stevens, Kokoda Property Group’s Founder and Managing Director, said that the company’s Bridge Road site acquisition signals confidence in a city that is re-accelerating

First look: Kokoda secures Richmond site for new apartment development

Central Equity

Central Equity's $450 million FOCUS offers a completed and ready-to-move-in option for buyers in the heart of Southbank.

The award-winning developer, who primarily create projects in Melbourne's city and surrounds, had Multiplex handle the build for what was the 19th project they'd worked together on in Central Equity's longstanding portfolio.

Central Equity Chairman Eddie Kutner said the duo worked together to ensure the tower transitioned from a building site into people’s homes.&nbsp;

“FOCUS provides residents with luxury, spacious living in a premium Southbank location, with over 1100 sqm of residential amenity,” Kutner said.&nbsp;

[smartcode_project:default project_id=3260 project_image_fid=214232]

The glazed high-rise tower features an innovative tri-colour window wall system, with pre-fabricated aluminium slab edge covers overhanging from the facade.

The modularised podium façade helps blend Focus seamlessly with the surrounding existing heritage buildings on City Road.

The development has proved a popular choice among locals who want to remain near the city while enjoying a neighbourhood feel.

[smartcode_project:default project_id=3260 project_image_fid=206134]

The 50-level building, comprising a mix of one, two and three-bedroom apartments, places residents on the doorstep of the arts precinct and its upcoming $1.7 billion revamp, while also being just over two-kilometres from the CBD.

Central Equity had Doig Architecture design FOCUS, with each apartment featuring 2.7m-high ceilings, floor-to-ceiling windows and balconies.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/U6ZVPiKq86E" title="YouTube video player" width="560"></iframe>

Central Equity's Sales Manager Neil Singh said when the designs were drawn up for FOCUS, the team wanted the apartments to feel like true city homes.

"Our designs have elevated 2.7m high ceilings, which makes a big huge difference in apartment living," Singh says.

[smartcode_project:default project_id=3260 project_image_fid=214235]

“Apartments also include private balconies and many designs include a separate study area. So they’re a fantastic choice for students or city professionals who need a home office.”

FOCUS features extensive resort-style facilities, including a 17-seat luxe theatre, an indoor heated pool, sauna, a gym with strength and cardio zones, and resident dining and lounge areas complete with landscaped terraces, barbecues and outdoor seating.

One, two and three-bedroom apartments can still be purchased in the Southbank tower, with prices starting from&nbsp;$589,000.

[smartcode_project_cta:default project_id=3260]

The development has proved a popular choice among locals who want to remain near the city while enjoying a neighbourhood fee

alisonwarters@gmail.com

Buyer Handbook: A buyer's guide to Central Equity's Southbank development, FOCUS

Recently completed projects across Melbourne are dominating buyer enquiry at present. They offer an easy&nbsp;entry to the new apartment space, and they are&nbsp;providing&nbsp;different opportunities for a number of market segments.

The most recent to benefit is prominent CBD and&nbsp;inner city&nbsp;developer&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://www.urban.com.au/developers/central-equity&amp;source=gmail&amp;ust=1686718534749000&amp;usg=AOvVaw1U0Ml4YBnpPPPzf7Y6MFIu" href="/developers/central-equity" target="_blank">Central Equity</a>, who are just completing their newest apartment project,&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://www.urban.com.au/new-apartments/parkhill-apartments-408-spencer-street-west-melbourne&amp;source=gmail&amp;ust=1686718534749000&amp;usg=AOvVaw1R-ng_-AVHkl6C52N44Kic" href="/buildings/parkhill-apartments-west-melbourne-408-spencer-street-west-melbourne" target="_blank">Parkhill</a>,&nbsp;and have just started welcoming residents.

The 20-level tower is&nbsp;attracting both first home buyers, who are wanting to move away from renting due to the current&nbsp;tight&nbsp;rental&nbsp;market, as well as investors, who are looking for those high yield apartments which also offer significantly higher depreciation tax benefits&nbsp;compared to&nbsp;older units.

[smartcode_project:default project_id=27406 project_image_fid=214207]

Central Equity Marketing Manager Jeremy Vile says buyers are likely to pay more for future new apartment projects because of rising construction costs and land values.

"We're offering brand new, two-bedroom apartments in the low $600,000's, which is a price that is going to be hard to replicate given the increased cost of both construction and land values," he says.

There's a mix of one and two bedroom apartments on offer in Parkhill.

He also says having the value add of a completed apartment has seen buyer demand increase in the last few months.

"In this market, people are looking for certainty," he added.

"People want to see the finished apartments and walk through them”

"For the most part, renters are walking through and they're either living or renting something older in the heart of the city. Parkhill gives them the opportunity to upgrade to something brand new, in a location which offers something different to inner-city living."

Vile says the location is one of the key drivers in buyer demand.

"While we're a CBD address, we're at the north end of Spencer Street, next to Flagstaff Gardens, which brings with it a quieter lifestyle than being in the heart of the city.

"It's a bit of an educational pocket. A little north of Parkhill are secondary and government schools, while campuses for RMIT, Melbourne University, and William Angliss, are either within walking distance or a short tram ride away."

[smartcode_project:default project_id=27406 project_image_fid=214155]

Jeremy Vile says the designs at Parkhill were well considered for the end user from inception.

“Central Equity have embraced the State Governments Better Apartment Guidelines and we've looked at how people want to live”.

"All of our ceiling heights are nearly three metres, and we've matched that with large floor-to-ceiling glass walls to allow as much natural light in as possible and give a spacious feel."

There was even consideration to make the balconies as useable as possible. Every apartment has an expansive balcony, located off the living space, which can fit a table and chairs enabling alfresco dining.

[smartcode_project:default project_id=27406 project_image_fid=214196]

Central Equity’s experience over 35 years has been a key factor in the delivery of this quality project. Every detail down to the insulated walls and plumbing to keep noise levels at a minimum was considered. Apartments feature high quality fixtures and fittings, including Miele appliances and German tapware.

A big feature of Parkhill is the resident rooftop terrace which has a walking track which weaves around the whole roof. There is also a gym, barbecue facilities, seating, and stunning views toward the Bay, Docklands, and back to the city.&nbsp;

[smartcode_project:default project_id=27406 project_image_fid=68146]

Central Equity started building Parkhill in late 2021, once they finished Melbourne Grand.&nbsp;

Central Equity are hosting a Preview Event at Parkhill 15th to the 25th of June onsite at 408 Spencer St, where prospective buyers can get the first look of Parkhill, tour fully-furnished display apartments, the rooftop resident facilities, and inspect a limited range of brand new apartments for sale.

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Central Equity  Marketing Manager Jeremy Vile says buyers are likely to pay more for future new apartment projects because of rising construction costs and land values

Buyers move into Central Equity's completed Melbourne CBD-fringe apartment development Parkhill

With riverside dining, local city gardens and a thriving arts precinct, Southbank is a popular choice for Melburnians who want a city home with a neighbourhood feel.

Freshly completed and ready to move in now, FOCUS is Southbank’s newest residential tower.

Rising 50 levels above a premium Southbank location on City Road, it’s the latest project from award-winning developer Central Equity.

[smartcode_project:default project_id=3260 project_image_fid=206126]

There are a range of one, two and three-bedroom apartments on offer in FOCUS, designed with space and family living in mind.

Prices start from $499,000 for the one-bedroom apartments. The two-bedroom apartments, which have proven popular with the owner-occupier market, start from $729,000.&nbsp;Family-sized three bedroom apartments start from $969,000.

Central Equity's Sales Manager Neil Singh says when the designs were drawn up for FOCUS, the team wanted the apartments to feel like true city homes.

"Our designs have elevated 2.7m high ceilings, which makes a big huge difference in apartment living," Singh says.

[smartcode_project:default project_id=3260 project_image_fid=206123]

“Apartments also include private balconies and many designs include a separate study area. So they’re a fantastic choice for students or city professionals who need a home office.”

“We've also got extensive resort-style facilities inside the building, including a 17-seat luxe theatre to an indoor heated pool, sauna, a gym with strength and cardio zones, and resident dining and lounge areas complete with landscaped terraces, barbecues and outdoor seating.”

[smartcode_project:default project_id=3260 project_image_fid=206134]

Buyers have been sold on the location of FOCUS, which places residents on the doorstep of the arts precinct and its upcoming $1.7 billion revamp.

"Southbank has a leafier feel than the city," Singh says, adding that the suburb still offers all the pros of inner-city living.

"Within minutes, residents can be at the NGV and Arts Centre, or walk less than a kilometre to reach the Queen Victoria Gardens" he adds.

Central Equity is hosting a grand opening event at FOCUS from January 28 to February 12, which will give prospective buyers an insight into what it's like living in this brand new tower.

There will be nine fully-furnished apartments plus resident facilities on display, allowing visitors to get up close and personal to the FOCUS range.

[smartcode_project_cta:default project_id=3260]

Complete and ready to move in now, Central Equity’s latest project is open to the public with a Grand Opening from Jan 28 to Feb 12

FOCUS Melbourne: Inside Southbank's newest residential address

As established prices rise, auctions get busier, and demand continues to outstrip supply, off the plan apartment developers are starting to see a new cohort of buyers coming through the door.

It&#39;s the flat and frustrated, tired of missing out at auctions and tired of spending their Saturdays at crowded open homes.

The award-winning developer Central Equity, HIA Victoria&#39;s most awarded apartment developer who has a completed portfolio of over 80 projects, has been fielding higher levels of enquiry than usual from these buyers for FOCUS, their new Southbank apartment development.

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Central Equity Marketing Manager Jeremy Vile&nbsp;puts it down to the fact FOCUS is completing this year.

&quot;There&#39;s prospective buyers out there who are just tired of going to auctions and watching properties blow out well above the price guide being offered,&quot; Vile said.

&quot;Over the years&nbsp;it&#39;s not been a huge segment of the market that off the plan apartment developers have been able to tap in to, given those buyers are looking for something ready to move in, rather than something that is forecast&nbsp;to complete in two or three years.

&quot;But what we&#39;ve seen at FOCUS, which is on track to be completed this year, is that buyers are willing to wait just that little bit longer and take away all the undue stress of buying established property at auction.&quot;

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Vile also notes that FOCUS has found itself in a sweet spot, where there is little competition in the Southbank area that is completing in 2022. Meanwhile the neighbourhood is expecting solid future growth for buyers.

&ldquo;Southbank&rsquo;s arts precinct has a $1.6 billion transformation on the way, with new gardens, public space and art features planned for the city&rsquo;s cultural hub. Plus Southgate has a $470 million redevelopment planned for new restaurants, bars and offices.&rdquo;

FOCUS will be a striking new addition to the city, with a Southbank location that grants residents access to the arts precinct within minutes. Live theatre, music, riverside dining and lush gardens are right at the doorstep.

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Between March 10 and March 20, Central Equity is hosting the FOCUS Open House event, where&nbsp;prospective buyers can take a private tour of recently completed apartments and fully furnished displays.

One, two and three-bedroom designs are on sale now from $499,000, with&nbsp;stamp duty savings up to $43,000.

[smartcode_project_cta: project_id=3260]

"There's prospective buyers out there who are just tired of going to auctions and watching properties blow out well above the price guide being offered," Central Equity Marketing Manager Jeremy Vile said.




FOCUS, Southbank apartment buyers attracted to "no auction, fixed price" approach

Residents at FOCUS, a vibrant new inner-city community in the heart of Melbourne&rsquo;s celebrated Arts precinct, get access to an extensive array of amenities all within their Southbank building.

Due to complete later this year, the Central Equity-developed FOCUS is set&nbsp;to integrate contemporary apartments with easily accessible facilities.

[smartcode_project:default project_id=3260 project_image_fid=62349]

Everything from an impressive and secure entry foyer with a furnished visitor waiting area to professional concierge teams on-site 24/7 will be&nbsp;available to residents.

Residents can plan a movie night at the luxe 17-seat theatre, or enjoy the company of the FOCUS community in the landscaped outdoor barbecue and dining area, which is accessed off an open dining and lounge space.

Resident facilities also include a glass-roofed, indoor heated lap pool, state-of-the-art gym, and adjoining sauna.

[smartcode_project:default project_id=3260 project_image_fid=62344]

The apartments, which are being built by Multiplex, are designed by Doig Architecture and each feature 2.7m-high ceilings, floor-to-ceiling windows and balconies.

[smartcode_project:default project_id=3260 project_image_fid=62343]

The&nbsp;Ci​ty Rd&nbsp;location puts FOCUS residents in the heart of Southbank, with easy access to the iconic arts precinct and new parkland on Southbank Bou​levard.&nbsp;&nbsp;

Within 100 metre walk from the front door of FOCUS is an IGA and 7-Eleven. Two streets over toward the river is&nbsp;Sout​h​b​ank Boulevard, lined with a number of restaurants and cafe&#39;s.&nbsp;

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Residents at FOCUS get access to substantial amenities at their Southbank address

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The range of private and local amenities residents get at FOCUS, Southbank apartments

It&rsquo;s been nearly two years of rolling lockdowns, but Melbourne is officially open for business. Not just to residing Melburnians, but to interstate travellers, office workers, and the rest of the world, all factors which contribute to experts&rsquo; belief that inner-city apartment prices are ripe for growth.

Buyers wanting to secure an apartment in the City of Melbourne LGA, which includes the CBD as well as popular surrounding areas of Southbank, Dockl​ands, Carlton and North Melbourne, <a href="https://www.sro.vic.gov.au/land-transfer-duty-concession-or-exemption-city-melbourne-residential-property-transactions">can save 50% in stamp duty</a> on new&nbsp;apartments&nbsp;worth up to $1 million.&nbsp;If the property has been on the market for more than 12 months, then stamp duty is waived completely.

But the expectation is prices will have jumped significantly by then. Despite the pitfalls of 2021, from lockdowns, lack of interstate and international travel, and the exodus of office workers from the CBD for the best part of nine months, the median apartment value in the City of Melbourne LGA is still up 7.5 per cent year to date, research from property data firm CoreLogic shows.

Scott Jessop, the sales and marketing director at OSK Property who is currently developing the $2.8 billion mixed-use precinct <a href="/buildings/melbourne-square-93-119-kavanagh-street-southbank">Melbourne Square</a> in <a href="/new-apartments/southbank-vic-3006">Southbank</a>, said there&rsquo;s been a major uptick in enquiry volumes since Melbourne&rsquo;s lockdown was lifted.

[smartcode_project:default project_id=2929 project_image_fid=139891]

&ldquo;Since mid-October we&rsquo;re trending up week on week,&rdquo; Jessop says, adding that there&rsquo;s been activity from across the board, from buyers walking in to display suites to those making appointments.

Jessop says he just dealt with a foreign purchaser who is buying for his daughter who is studying in Melbourne. &ldquo;I haven&rsquo;t seen one of those transactions in over 18 months&rdquo;, Jessop says, expecting that he will be seeing more as international students return.

&ldquo;The combination of the generous stamp duty concessions, the continued affordability gap between house prices and apartments, and the reactivation of the CBD, will no doubt see growth ahead.

&ldquo;A perfect storm is coming for the Melbourne apartments, it&rsquo;s just a matter of when.&rdquo;

[smartcode_project:default project_id=2929 project_image_fid=137896]

Jessop says as demand grows, developers are likely to reduce the incentives that they are currently offering buyers. Buyers of apartments at <a href="/buildings/melbourne-square-93-119-kavanagh-street-southbank">Melbourne Square</a> can save up to $120,000 on an apartment with an average sale price of $850,000. The savings include the government stimulus and a range of free incentives such as furniture packages and design stylist consultations.

Dennis Wilson, the managing director of <a href="/developers/central-equity">Central Equity</a> who is currently selling <a href="/buildings/focus-melbourne-81-city-road-southbank">Focus</a>, the soon to be complete 600-apartment Southbank apartment tower, and the completed <a href="/buildings/melbourne-grand-560-lonsdale-street-melbourne">Melbourne Grand</a>, Lonsdale Street apartments, expects the City of Melbourne to bounce back strongly in 2022.&nbsp;

[smartcode_project:default project_id=3260 project_image_fid=62353]

&ldquo;The federal and state governments are working to open borders and increase business migrant intakes, stimulate the tourism industry, re-invigorate major events and welcome back international students. The City of Melbourne should be a beneficiary of this,&rdquo; Wilson says.

The general consensus is that buyers are coming back from the surrounding suburbs, having spent the last few years outside of the city.

&ldquo;As well as seeing buyers already living in the inner-city, we are seeing interest from people who are looking to move from the suburbs, wanting to be closer to their workplace as offices reopen, shops and all the conveniences that come with inner city living,&rdquo; Wilson added.

&ldquo;For many the inner city is a more affordable option than living in their existing suburbs.&rdquo;

[smartcode_project:default project_id=3260 project_image_fid=62320]

Elysa Anderson, General Manager of Residential Victoria at <a href="/developers/mirvac">Mirvac</a>, said the Mirvac team is focused on accelerating their supply of high-quality apartments in Melbourne, as they anticipate a shortage of owner-occupier residences in premium locations in the future.

&ldquo;We anticipate Victoria&rsquo;s population growth and demand for apartments to continue to strengthen in line with the Victorian Government&rsquo;s Roadmap to Recovery and various state budget stimulus packages,&rdquo; Anderson said.

&ldquo;The strength of the established housing market and the opening up of international borders will continue to drive very strong demand for well-designed and quality constructed apartments,&rdquo; Anderson added.

[smartcode_project:default project_id=3494 project_image_fid=180326]

Mirvac has tweaked the design of Tower 9, in their master-planned Yarra&rsquo;s Edge precinct in the burgeoning Docklands&nbsp;area.

The ASX-listed developer saw a considerably stronger market for their projects in 2021 than in 2020, with <a href="/buildings/voyager-docklands-103-south-wharf-drive-docklands-vic-3008">Voyager</a>, the recently completed eighth tower in Yarra&rsquo;s Edge, seeing a 20 per cent increase in the first half of 2021 compared to the same period the year before.

[smartcode_project:default project_id=3494 project_image_fid=167751]

Around 80 per cent of the buyers were owner-occupiers, but Anderson says they are seeing investors slowly creep back in.

&ldquo;Investors have begun to return to the market, primarily focused on master planned communities but demand is also gathering pace in the apartment markets.&quot;

For more information on stamp duty savings in the City of Melbourne,&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://www.sro.vic.gov.au/land-transfer-duty-concession-or-exemption-city-melbourne-residential-property-transactions&amp;source=gmail&amp;ust=1637718410495000&amp;usg=AOvVaw3WoR6xmIwVttUthAfW2SKq" href="https://www.sro.vic.gov.au/land-transfer-duty-concession-or-exemption-city-melbourne-residential-property-transactions" target="_blank">read more here</a>.

The suburbs that can save on stamp duty:

<a href="/new-apartments/kensington-vic-3031">Kensington</a>,&nbsp;<a href="/developments/north-melbourne-vic-3051">North</a><a href="/developments/north-melbourne-vic-3051"> Melbourne</a>,&nbsp;<a href="/new-apartments/parkville-vic-3052">Parkville</a>,&nbsp;<a href="/new-apartments/carlton-vic-3053">Carlton</a>,&nbsp;<a href="/new-apartments/east-melbourne-vic-3002">East Melbourne</a>,&nbsp;<a href="/new-apartments/south-wharf-vic-3006">South Wharf</a>,&nbsp;<a href="/new-apartments/southbank-vic-3006">Southbank</a>,&nbsp;<a href="/new-apartments/docklands-vic-3008">Docklands</a>,&nbsp;<a href="/new-apartments/melbourne-vic?bedroom-prices2=1000000&amp;any-bedrooms=1&amp;bedrooms%5Bvalue%5D=1&amp;bedrooms%5Bvalue2%5D=5&amp;any-bathrooms=1&amp;bathrooms%5Bvalue%5D=1&amp;bathrooms%5Bvalue2%5D=3&amp;any-parking=1&amp;parking%5Bvalue%5D=1&amp;parking%5Bvalue2%5D=4">Melbourne</a>,&nbsp;<a href="/new-apartments/west-melbourne-vic-3003">West Melbourne</a>.

Parts of <a href="/developments/flemington-vic-3031">Flemington</a>, <a href="/developments/carlton-north-vic-3054">Carlton North</a>, <a href="/developments/port-melbourne-vic-3207">Port Melbourne</a>, and <a href="/new-apartments/south-yarra-vic-3141">South Yarra</a> are also eligible&nbsp;for stamp duty concessions.

Buyers wanting to secure a new apartment in the City of Melbourne can save 50% in stamp duty on properties under $1 million.


Why now is the right time to buy a Melbourne inner-city apartment: What the experts say

Owner-occupiers seeking an apartment can now find it more easily than ever, with renowned developer Central Equity offering personalised online tours of their Southbank tower, FOCUS.

Online tours commence September 8th at the FOCUS Sale Event - with access to an exclusive offer to purchase with 5% deposit, no more to pay until settlement.

[smartcode_project:default project_id=3260 project_image_fid=62315]

There are 15 different apartment layouts which can be selected as part of the tour.

Another bonus for owner-occupiers looking to buy in the building is that they can save up to $51,000 in stamp duty on their brand new apartment.

[smartcode_project:default project_id=3260 project_image_fid=62317]

Investors haven&#39;t been left in the cold by Central Equity, who are offering a two-year rental guarantee to investors - available during the online Sale Event.

Investors can also save up to $27,000 in stamp duty savings as part of the government initiative.

Prices for one-bedroom apartments&nbsp;start from $499,000. Two-bedroom apartments start from $699,000&nbsp;and three-bedders are priced from $899,000.

FOCUS apartments have been designed with space in mind, with near three metre ceilings in the apartments, which have floor to ceilings windows to let in light and take in views of the city.

Resident amenity at FOCUS will include a luxury 17-seat theatre, a glass-roofed&nbsp;heated&nbsp;indoor swimming pool, and a gym with a sauna. There will be a communal lounge space, complete with a fireplace, kitchen and dining area which opens to an&nbsp;outdoor space with further dining and a barbecue.

Buyers can <a href="https://focusmelb.com.au/event?utm_source=urban&amp;utm_medium=portal&amp;utm_content=story">book a spot for a personalised tour of FOCUS</a>, which includes chatting with consultants, seeing the latest designs, floorplans, views and interiors, <a href="https://focusmelb.com.au/event?utm_source=urban&amp;utm_medium=portal&amp;utm_content=story">here</a>.

[smartcode_project_cta: project_id=3260]

Experience 15 different apartment layouts at Central Equity's Sale Event from September 8

Tour FOCUS, Southbank apartments without leaving your home

Parkhill Apartment’s in West Melbourne has been designed for the long-term, so residents can enjoy it for a lifetime.

Situated at 408 Spencer Street, the development presents a vibrant vertical community of apartments in a compelling CBD fringe location.

“One of [Central Equity’s] guiding principles has been that the development should not only be appropriate for today&nbsp;but relevant for the future”, said Ian Carkeek, the developers’ general manager, product design.

[smartcode_project:default project_id=27406 project_image_fid=68150]

The spacious homes include long-lasting features, such as the Miele cookware in the kitchen, and tapware with a 15-year warranty.

One and two-bedroom apartments remain in the tower, which boasts luxury amenities, such as a rooftop gym, rooftop garden and seven-day concierge.

Living areas extend to spacious balconies, while windows and sliding doors are double-glazed to keep interiors cool and comfortable.

[smartcode_project:default project_id=27406 project_image_fid=68117]

“Parkhill apartments offer functional design to help you enjoy every moment in your new home”, the project marketing reads.

According to Carkeek, even the paint is premium nanotechnology paint that is designed to endure.

[smartcode_project:default project_id=27406 project_image_fid=155585]

The home includes a Euro-laundry with a washing machine and dryer.

“The condenser dryer pumps water away without releasing any moisture into the apartment”, Carkeek said.

Parkhill is located only metres from the tranquil Flagstaff Gardens and other amenities.

[smartcode_project:default project_id=27406 project_image_fid=68146]

Residents will have convenient access to shopping and dining offerings, universities, Melbourne’s employment hub and excellent public transport services.

Other features include two levels of secure basement parking, on-site video security, secured lift access and plenty of bicycle storage.

[smartcode_project_cta: project_id=27406]

Situated at 408 Spencer Street, the development presents a vibrant vertical community of apartments in a compelling CBD fringe location

Next-generation apartments at Central Equity’s Parkhill Apartments in West Melbourne 

West Melbourne&rsquo;s newest address combines spacious architecturally designed apartments with convenience and security.

Delivered by the award winning Central Equity, Parkhill Apartments boasts 161 residences in one and two-bedroom configurations.

It has been proving popular with city residents who value&nbsp;affordable prices in a compelling Melbourne CBD fringe location.

[smartcode_project:default project_id=27406 project_image_fid=68117]

On the ground floor, a grand foyer and seven-day concierge await every time you step in or out the front door.

Located only a three&nbsp;minute&nbsp;walk from the tranquil Flagstaff Gardens and other amenities,&nbsp;Parkhill has a walk score of 92 and a perfect transit score of 100, offering&nbsp;residents easy access to the best of Melbourne.

Contributing to the perfect&nbsp;transit score is the&nbsp;proximity to the&nbsp;free trams to RMIT University and Melbourne University, as well as the&nbsp;Airport Skybus Terminal, Southern Cross Train Station and&nbsp;Flagstaff Train Station.

Parkhill is located near the&nbsp;shopping precincts like Emporium and Melbourne Central, as well as the fresh produce on offer at the Queen Vic Market.

<img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/melb_cbd_tile.jpg" />

Each apartment delivers high-quality features like Miele appliances and German tapware.

The bright and&nbsp;roomy apartments, with up to 2.7 metre high ceilings, also come equipped with a washer dryer and concealed air-conditioning and heating.

Every home features a tiled balcony with many of the two-bedroom apartments positioned in the corner of the building&nbsp;to capitalise further on a sweeping view.

Homebuyers can secure one-bedroom apartments in the block from just $479,000. Two-bedroom apartments start from $619,000, and up to $819,000 when featuring an extra bathroom and a parking space.

[smartcode_project:default project_id=27406 project_image_fid=68144]

Parkhill&rsquo;s lifestyle offerings include a rooftop gymnasium with views of Melbourne&rsquo;s skyline and a rooftop garden terrace.

Plus it comes with a guarantee of quality&nbsp;from a&nbsp;decorated developer with over 80 completed Melbourne projects.

Central Equity&nbsp;has won the Housing Institute of Australia (HIA) Victoria&rsquo;s &lsquo;Apartment Project of the Year&rsquo; award six times over the last ten years, making them the HIA Victoria&rsquo;s most awarded apartment developer.

Proving popular with city residents who value the location and seek style and design quality, Parkhill in West Melbourne ticks all the boxes at an affordable price

jordan_55689

Walking Tour: What's within walking distance from Parkhill Apartments

The Melbourne developer Central Equity are offering a special event at their recently completed, award-winning apartment development, Melbourne Grand.

Their <a href="https://melbournegrand.com.au/event">Open House tours</a> will take prospective buyers through eight of their completed sky-high&nbsp;apartments in the Lonsdale Street tower which won the Apartment Complex of the Year (over $20m) at HIA Victoria&#39;s 2020 awards.

It will cover one, two and three bedroom apartments, giving buyers a chance to see what the living experience is like inside the tower&nbsp;designed by high-profile architects Guilford Bell + Graham Fisher and built by Multiplex.

[smartcode_project:default project_id=3490 project_image_fid=93147]

The event, only running from May 20 to May 30, will also tour the impressive resort-style facilities which cover the whole 10th level.

They include an an indoor pool, gym and yoga studio, residents&#39; lounge,&nbsp;banquet room and coffee bar, as well as&nbsp;a 17-seat luxury theatre.

[smartcode_project:default project_id=3490 project_image_fid=139999]

Central Equity have also invited a guest mortgage broker to answer any buyer questions.

Apartments start from just $489,000 for a one bed apartment.

The tour will conclude just a month before the Victorian Government pull the plug on the stamp duty concessions, which are set to expire June 30.

[smartcode_project:default project_id=3490 project_image_fid=92416]

Investors and owner-occupiers can save up to $26,000 on stamp duty if they secure an apartment before the deadline.

The apartments, which feature&nbsp;a 7.2 star average energy rating, span up to 120 sqm and feature high ceilings and floor to ceiling windows with motorised blinds.

<a href="https://melbournegrand.com.au/event">Enquire to book your spot</a>&nbsp;at Melbourne Grand&rsquo;s Open House event.

The event, only running from May 20 to May 30, will also tour the impressive resort-style facilities which cover the whole 10th level.

Central Equity

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