For most new apartment buildings, the Owners Corporation starts life with little more than a bank account and the first quarterly strata levies.

At <a href="https://www.apartments.com.au/buildings/9-gay-street-castle-hill-9-gay-street-castle-hill-nsw-2154">9 Gay Street</a> in <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a>, it starts with around $7 million in reserve.

It's an unusual legacy of what was once one of Sydney's highest-profile apartment remediation projects. When the development, originally known as Skyview and built by disgraced developer Top Place, came under scrutiny by then NSW Building Commissioner David Chandler, an $11 million remediation bond was negotiated to ensure any building defects could be fully rectified.

The building underwent an 18-month remediation program, during which around $4 million of that bond was spent bringing the building up to the standard it should have been in from the outset.

After extensive inspections, all active rectification orders have been lifted. What's more, around $7.2 million remains secured for the Owners Corporation for the next 15 years.

In a twist few would have predicted, what began as a significant concern for purchasers has left the building with something almost unheard of in the apartment market: a multi-million-dollar financial reserve from day one.

[smartcode_project:default project_id=147685 project_image_fid=359136]

<a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a> Executive Chairman Greg Huxley said the structure offers buyers a level of certainty that is difficult to replicate.

"The $11 million bond established for the Skyview Castle Hill development represents exceptional value, providing genuine financial security for purchasers," Huxley said.

"Unlike a standard insurance policy, this bond consists of real funds held in trust for the Owners Corporation, offering a tangible layer of protection and added peace of mind."

The apartments themselves have been designed with a focus on practical, contemporary living. Interiors feature Smeg appliances, stone benchtops, tiled living areas, carpeted bedrooms, 2.7-metre ceilings, floor-to-ceiling glazing, and ducted heating and cooling throughout.

Residents also have access to a range of shared amenities, including two rooftop barbecue areas, a swimming pool, children's playgrounds, secure building access, storage cages, and visitor parking.

The location continues to be one of the project's strongest drawcards. Castle Hill Metro Station sits virtually on the doorstep, providing direct connections across Sydney's expanding Metro network, while Castle Towers offers extensive retail, dining, entertainment, and service amenities within walking distance.

[smartcode_project:default project_id=147685 project_image_fid=359127]

The building, now named after its location at 9 Gay Street, comprises a diverse mix of one-, two-, and three-bedroom apartments starting from just under $600,000.

Equitifund National Sales Director Ben Hamblett said demand in the Hills District continues to be driven by buyers seeking convenience and connectivity.

"Interest from both owner-occupiers and investors in Castle Hill remains exceptionally strong, with buyers consistently prioritising developments in close proximity to the Metro station and Castle Towers Shopping Centre," Hamblett said.

"There is a clear trend in the market, with purchasers seeking convenient access to transport and lifestyle amenities that support a seamless, low-maintenance way of living."

On top of the long-term protection afforded by the remaining $7.2 million bond, Equitifund is offering a limited-time stamp duty rebate on selected apartments.

Eligible purchasers can also secure finance options, including a 3.99 per cent two-year variable rate, loan-to-value ratios of up to 90 per cent, and interest-only lending options through EquitiCredit.

[smartcode_project_cta:default project_id=147685]

Joel Robinson

Why this Castle Hill apartment building starts with a $7 million advantage

For much of the past few years, conversations about Australia's property market have centred on the rapid growth seen in Sydney, Brisbane, Gold Coast, and Perth. <a href="https://www.apartments.com.au/developments/melbourne-vic-3004">Melbourne</a> has followed a different trajectory.

That relative underperformance is now encouraging some buyers to reassess the city, particularly those willing to look beyond short-term market movements and focus on quality property in established locations, along with the long-term growth prospects of a city expected to overtake Sydney as Australia’s most populous.

John Bekiaris, Research &amp; Market Insights at <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Projects by Equitifund</a>, said Melbourne's current position is attracting increasingly sophisticated purchasers.

"Melbourne continues to present one of Australia's strongest long-term investment stories," Bekiaris says.

"While other capital cities have experienced stronger recent growth, that relative underperformance is exactly what's attracting sophisticated counter-cyclical investors."

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Equitifund isn't just commenting on Melbourne's property market, it's investing in it.

The Sydney-headquartered capital partner has taken over the remaining apartments at <a href="https://www.apartments.com.au/buildings/victoriana-melbourne-20-queens-road-melbourne-vic-3004">Victoriana</a>, the recently completed glass-encased development opposite Albert Park Lake in Melbourne's tightly held St Kilda Road precinct.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and built by <a href="https://www.apartments.com.au/builders/hickory">Hickory</a>, Victoriana places residents between one of Melbourne's most recognised parklands and the CBD, offering oversized two and three-bedroom apartments aimed at owner-occupiers seeking a genuine alternative to a traditional family home.

The development comprises 232 completed residences alongside a suite of resident amenities, including a 25-metre indoor swimming pool, gymnasium, landscaped entertaining areas, resident lounges, EV charging, secure basement parking and a concierge-style arrival experience.

[smartcode_project:default project_id=1979 project_image_fid=363229]

The apartments have been designed with owner-occupiers firmly in mind.&nbsp;Open-plan living and dining areas flow onto generous balconies framing views across Albert Park Lake, Fawkner Park, the Royal Botanic Gardens and the Melbourne skyline.

Kitchens feature Gaggenau appliances, stone benchtops and generous preparation space. Bedrooms include built-in robes, while bathrooms feature full-height textured tiling. Hardwood flooring and ducted air conditioning complete residences designed for long-term living.

Rothelowman's architecture takes its cues from the landscape opposite the site. Sweeping horizontal glazing references the movement of Albert Park Lake, while generous balconies and expansive glazing strengthen the connection between the apartments and the surrounding parklands. The result is a building designed to deliver the scale and amenity expected of luxury apartment living, while offering the larger floorplans increasingly sought by owner-occupiers.

[smartcode_project:default project_id=1979 project_image_fid=363284]

The location is one of Victoriana's defining characteristics. Positioned on Queens Road, residents are directly opposite Albert Park Lake and within easy reach of Fawkner Park, the Royal Botanic Gardens, South Melbourne, St Kilda Road and the CBD. With few comparable development opportunities remaining in the precinct, buyers are increasingly placing value on outlooks that are unlikely to be interrupted by future construction.

Greg Huxley, Founder of Equitifund, believes those qualities become even more valuable over time.

"Premium real estate has always rewarded buyers who take a long-term view," Huxley said.

"Victoriana represents the kind of asset that's increasingly difficult to recreate today, particularly in an established location like Queens Road."

He said rising construction costs are also changing the way buyers assess completed developments.

"When you combine an irreplaceable location with thoughtful architecture and premium finishes, you create something that becomes increasingly difficult to reproduce as construction costs continue to rise."

[smartcode_project:default project_id=1979 project_image_fid=363228]

According to National Sales Director Ben Hamblett, enquiry has been driven largely by Melbourne downsizers and buyers upgrading from smaller apartments.

"Interest in Victoriana continues to build, with strong buyer focus on the larger owner-occupier residences within the development," Hamblett says.

"Enquiry is increasingly driven by local buyers who recognise the rarity of what's on offer: park-facing apartments in an established neighbourhood where new development opportunities are becoming increasingly scarce. At Victoriana, the view is not just a feature; it's an appreciating asset in its own right."

He said interstate enquiry has also strengthened as buyers reassess Melbourne's position within the national property cycle.

"Melbourne currently stands as the most compelling entry point of any major Australian capital, and discerning buyers are beginning to recognise what those who move early always understand: the best opportunities are taken before the price rise confirms them."

[smartcode_project_cta:default project_id=1979]

Why now is the time to buy in Melbourne's premium apartment market

Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

[smartcode_project:default project_id=150489 project_image_fid=373834]

Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

[smartcode_project:default project_id=151449 project_image_fid=357458]

Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

[smartcode_project_cta:default project_id=151449]

Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

La Vera closes in on completion as Macquarie Park continues residential transformation

Cheltenham

Shenfield Property is set to launch their latest residential development in the heart of the coveted suburb of <a href="/new-townhouses/cheltenham-vic-3192">Cheltenham</a> in Melbourne's Bayside area.

<a href="/buildings/plenteous-cheltenham-49-jean-street-cheltenham-vic-3192">Plenteous</a> will deliver a collection of eight architect-designed townhomes offering a blend of elegant contemporary living with functional and energy-efficient features.

Situated in a quiet, leafy cul-de-sac, with a parkland frontage, creating a tranquil and serene environment for its residents, Plenteous offers a mix of two and three-bedroom floor plans that cater to the needs of both families and couples alike.

[smartcode_project:default project_id=136588 project_image_fid=208418]

Noorden selling agent David Lamond said Plenteous is a great opportunity for families to move into the upcoming suburb, with plenty on offer and a great location.

“Now is a great time to take advantage of buying off the plan,” Lamond said.

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”By purchasing off the plan an agreed off the plan price is secured meaning you will not be liable to pay for any additional building costs should they increase during the time of building, as well as taking advantage of stamp duty savings which are a huge bonus in the purchasers favour.”

“So take advantage of buying off the plan and if the market works in your favour by the time you move in the property is worth more than what you bought it for.

“You will also be walking into a newly built property which must have six star rating and is already equipped with solar panels.”

[smartcode_project:default project_id=136588 project_image_fid=208421]

Each residence has been designed to provide low-maintenance living, privacy and comfort, and contemporary interiors by Aldona Padjak. The soft, neutral colours that adorn each townhome enhance the natural light, while the crafted textures accentuate the refined details of each living space.
</div>
</div>

The townhomes have been designed over two or three levels and feature warm timber floors in the living areas. The kitchen and bathroom joinery is sleek and streamlined, creating a minimalist yet practical look.

Each residence has its own landscaped outdoor space, which provides the perfect spot for relaxation or entertaining. Secure basement parking and storage facilities are also available for residents.

Located just a few steps from the Southland Shopping Centre, <a href="/buildings/plenteous-cheltenham-49-jean-street-cheltenham-vic-3192">Plenteous</a> offers its residents a range of shopping, food, and entertainment options. The Southland train station is also nearby, providing convenient public transport with just a short trip into the city.

[smartcode_project:default project_id=136588 project_image_fid=208421]

The development is in close proximity to surrounding parks and recreation facilities, Melbourne's finest golf courses, quality education, beaches, and all that the Bayside area has to offer.

One of the most significant features of Plenteous is its commitment to environmental sustainability.

Each residence incorporates energy-efficient features, including individual solar power and provisions for a car charging point in the basement. By meeting the latest standards in environmental sustainability, Plenteous demonstrates a commitment to a sustainable future, ensuring that residents enjoy a comfortable, sustainable lifestyle.

[smartcode_project_cta:default project_id=136588]

alisonwarters@gmail.com

Shenfield Property launch Plenteous in Melbourne's bayside Cheltenham

Cheltenham in Melbourne&#39;s south-east, a stone&#39;s throw from the Bayside district,&nbsp;is benefitting from an infrastructure pipeline which has investors and owner occupiers interested in the area.

The talk of the town is the proposed metro loop, which would&nbsp;start in Cheltenham and stop at all stations en route to the airport and connect the area as far as Box Hill in Melbourne&#39;s east.

Jo Arbid, director at Captains Property, says Cheltenham has long been a great place to live because of its family-orientated amenities like great parks, schools, shopping and some of the best golf courses in Melbourne.

However, it is now&nbsp;being considered as a great place to invest in due to major infrastructure the government is spending on in the area.

And the decision by the property developer NewCity to create a more boutique residential project than the area is accustom to has paid dividends throughout COVID, with owner-occupiers now seeking more space in apartments.

The majority of new developments in Cheltenham have between 30 and 40 apartments.

But 8 Garfield Street, near Southland and Southland Station, has just 17 apartments across three levels.&nbsp;Designed by Point Architects, 8 Garfield Street is made up of one,&nbsp;two and three-bedroom apartments, with some&nbsp;of the two bedrooms with study rooms over 90 sqm internally.

[smartcode_project:default project_id=7518 project_image_fid=42519]

&quot;We have been selling all the way through COVID,&nbsp;mostly due to the quiet location on a no through road, spacious apartments and two&nbsp;mins walk to Southland&rdquo;, Arbid says. There&nbsp;there are now only five apartments left in the development which is slated for completion in&nbsp;November.

Each apartment features a kitchen with stone benches and&nbsp;with Miele appliances. That meets the open plan living and dining area which opens either to&nbsp;a courtyard or alfresco terrace. Every apartment also has&nbsp;a storage cage and at least one car space.

[smartcode_project:default project_id=7518 project_image_fid=42520]

The development has catered for all needs, even down to a ramp up the stairs for families with prams, the active residents&nbsp;with bikes or scooters and the elderly with wheelchairs or walkers.

About the developer

NewCity, with decades of experience in&nbsp;Melbourne and China, has a very experienced local development team led by its development director&nbsp;Sam Failla.

In their local pipeline they have&nbsp;65 Clarke St, the $415 million mixed-use Southbank tower which will comprise over 350 apartments, a 5-star hotel and a co-working office space&nbsp;across its 67&nbsp;levels.

Jo Arbid, director at Captains Property, says Cheltenham has long been a great place to live, however it is now being considered as a great place to invest

How apartments at 8 Garfield Street check all the boxes in the evolving Cheltenham

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A prototype energy-efficient home, dubbed the ‘house with no bills’, is set to go under the hammer tomorrow, on Saturday.
The 199-square-metre, three-bedroom home, is located at 12 Monterey Drive, and was built as part of a study into sustainable living which was undertaken by real estate group MIRVAC.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/2/24/HWNB%202.jpg" alt=""> 
Mirvac General Manager of Residential Victoria, Elysa Anderson, said the complex will be used to shape future projects.
“Designed to look, feel and operate the same way as a typical home, the House with No Bills experiment aimed to help address the increasing pressures of housing affordability and reduce environmental impact with market-based solutions,” she said.
The Cheltenham property was home to the Zimmerman family of four until December 2019.
An Evergen solar and battery system featuring CSIRO-developed intelligent energy management, along with a smart home automation system with environmental sensors controlling internal temperatures, are among the various eco-friendly innovations included to reduce the house’s reliance on grid electricity.
Smart meters and monitoring systems helped the Zimmerman family keep track of where and how their energy was being used, assisting the HWNB in achieving a 75 per cent energy cost saving (approximately $2,000) in 12 months, with the potential to operate with net zero energy bills.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/2/24/HWNB%203.jpg" alt="">
Built in March 2018, the modern two-storey house has an open-plan kitchen, living and dining area, two bathrooms and a powder room, and an outdoor entertaining area.
Tiles downstairs are efficient for thermal protection, while upstairs bedrooms are carpeted. There is a single car garage, plus space to park in the driveway.
MIRVAC’s Baden Lucas will auction the house, which is being marketed with expectations from $775,000 to $850,000.
Cheltenham’s median house price is $1.267 million.
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house with no bills prototype in Cheltenham listed for sale

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Brix Property Group has commenced construction of a Dan Murphy’s store on Bay Road, Cheltenham.
Becon Construction is completing the purpose built facility with construction well underway. 
Set to open by June 2019, the Dan Murphy’s store is the first stage in a multi stage retail and commercial development by Brix Property Group. 
After purchasing the site back in 2017, Brix Property Group negotiated a lease deal with Dan Murphy’s to go on the site.
Brix Property Group Managing Director Adam Brick said that interest in the project has been overwhelming. 
“When we purchased the site we recognised it as being a prime spot for regeneration. The A-grade bayside location on a major arterial road which feeds the top Melbourne bayside suburbs was what really attracted us to the site.” 
“Securing Dan Murphy’s to anchor the site was an impressive outcome. The response from both the community and Council to the new store is very positive, with many recognising it as another step in transforming this somewhat redundant industrial precinct.” 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/2/21/Chandos%20Ave%20-%20Office%20Elevation%20MR%20PEOPLE%20Update1.jpg" alt="">
Stage 2 of the project, designed Cera-Stribley, includes opportunities for specialty supermarkets, retailers and showrooms of up to 1600 sqm, in addition to commercial office opportunities ranging from 100 sqm through to 3200 sqm. 
“Interest in Stage 2 of the project has been substantial despite only just having locked down our preferred development outcome and commencing the town planning process.
"Tenant interest in the supermarket and retail opportunities have been high with many recognising the strategic positioning being opposite to Dan Murphy’s and the benefits this brings,” Mr Brick said. 
“The office accommodation will set a new standard for bayside with the dedicated end of trip facilities and landscaped roof top terrace. Being a stone’s throw from the new Southland Railway Station and capitalising on the exposure to busy Bay Road, has seen interest from both large and small tenants,” Mr Brick said. 
Brix Property Group has appointed Colliers International’s Dan Noonan to lease the retail component and Damien Adkins to manage the office leasing campaign. 
Colliers International is currently taking registrations of interest for Stage 2 of the development with commencement of construction slated for the Q3 2019.
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Dan Murphy’s coming to Cheltenham

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Melbourne's south-east apartment market is set for a major boost with Melbourne developer Steller launching three projects in two weeks across Carnegie, Bentleigh and Cheltenham. Apartments.com.au is currently tracking Steller's project pipeline valued at over $4.2 billion, which includes its first high-rise foray in South Melbourne, working alongside longtime collaborator architect Ewert Leaf. Already the partnership has yielded hundreds of apartments across Melbourne's South Eastern suburbs.

Steller also recently commenced construction on the first stage of its $80 million Continental Hotel redevelopment in Sorrento. The major redevelopment will re-imagine the 143-year-old icon as a luxury accommodation, wellness, recreation, entertainment and dining destination, with the heritage hotel restored as a leading hospitality and events establishment, along with the addition of three new proposed interconnecting buildings, which will include premium hotel rooms and a wellness centre including a day spa and gym.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/continental_hotel-sorrento.jpg" rel="gallery-all" title="Work has commenced on the $80 million Continental Hotel development in Sorrento. Images: Supplied"><img alt="" class="image-article-full-width-580px" height="186" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/continental_hotel-sorrento.jpg?itok=TeJIBVrR" title="Work has commenced on the $80 million Continental Hotel development in Sorrento. Images: Supplied" width="580"></a>

<figcaption>Work has commenced on the $80 million Continental Hotel development in Sorrento. Images: Steller</figcaption></figure>Steller's trio of new apartment developments are all located within maturing apartment markets which are well serviced by public transport and within close proximity of retail strips, schools and supermarkets. Carnegie and Bentleigh in particular have benefited from the Victorian Government's Level Crossing Removal program which included the reconstruction of the respective stations, removing the conflict between rail and vehicle, while easing congestion.

Additionally, the three projects align with Steller's strategy in the south-east of delivering low-rise developments of around 30 apartments which are well designed and offer residents a high level of amenity.

<h2><a href="/buildings/laila-residences-7-11-belsize-avenue-carnegie">Laila - 7-11 Belsize Avenue, Carnegie</a></h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/am18-21_lailaresidences_domain_living_1920x1080.jpg" rel="gallery-all" title="Laila, Carnegie. Image: Steller"><img alt="" class="image-article-full-width-580px" height="326" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/am18-21_lailaresidences_domain_living_1920x1080.jpg?itok=tkYZj0lK" title="Laila, Carnegie. Image: Steller" width="580"></a>

<figcaption>Laila, Carnegie. Image: Steller</figcaption></figure>Located within the heart of Carnegie, Laila comprises 35 apartments across four levels, within walking distance of the Koornang Road retail and dining strip, green open space and the recently rebuilt Carnegie Station. The project also capitalises on its proximity to Chadstone Shopping Centre and Monash University’s Caulfield campus, both just just five minutes’ drive away in either direction.

Ewert Leaf's design for the exterior of the building allows it to sit comfortably within the low-rise streetscape. Employing a neutral palette of contrasting shades and highly textured materials, Laila is articulated as a series of buildings rather than one singular mass, with the upper level setback and designed to be visually recessive. The built form has also been designed to maximise privacy while minimising overshadowing to adjoining properties.

Laila's mix of one, two and three-bedroom apartments, each come with one or two bathrooms, and private outdoor spaces which seamlessly connect to the interiors, with large windows providing living areas with ample natural light and ventilation. The interiors feature timber flooring throughout, while kitchens are appointed with sleek black ILVE appliances and shaker style cabinets.

<h2><a href="/buildings/sora-13-15-hamilton-street-bentleigh">SORA - 13-15 Hamilton Street, Bentleigh</a></h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/steller_sora_bentleigh_digital_assets_domain_premium_project-gallery_photos_1920x1080px_012.jpg" rel="gallery-all" title="Sora, Bentleigh. Image: Steller"><img alt="" class="image-article-full-width-580px" height="326" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/steller_sora_bentleigh_digital_assets_domain_premium_project-gallery_photos_1920x1080px_012.jpg?itok=O5VI-U7x" title="Sora, Bentleigh. Image: Steller" width="580"></a>

<figcaption>Sora, Bentleigh. Image: Steller</figcaption></figure>Ewert Leaf are once again the architects behind SORA, a four-storey low-rise of 27 apartments located 15km from the Melbourne CBD in Bentleigh.  Providing a mix of larger one, two &amp; three bedroom apartments, SORA has been designed to appeal to professionals, couples and families.

Situated within walking distance of Bentleigh Station, SORA also benefits from its proximity to Coles, Target, and the Centre Road retail strip which provides an array of essential services and amenity. A number of green spaces are also located within a short walk.

SORA's exterior is characterised by its tiered form, and combination of timber, brick and textured concrete with planters and vegetation providing green flourishes on the facade. The building is expressed as two forms to respond to the built form along the Hamilton Street and to minimise its impact on the streetscape and surrounding properties.

Internally, SORA comes complete with ILVE kitchen appliances and much like Laila, shaker-style cabinetry and natural timber flooring. In keeping with the desire to provide apartments with natural light and ventilation, large windows have been provided which also allow for a green outlook and seamless transition to the outdoors.

<h2><a href="/buildings/maude-7-11-maude-street-cheltenham">Maude - 7-11 Maude Street, Cheltenham</a></h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/steller_mc_maude_street_cheltenham_digital_assets_domain_premium_project-gallery_photos_1920x1080px_01.jpg" rel="gallery-all" title="Steller's Maude is set to launch in the next week. Image: Steller"><img alt="" class="image-article-full-width-580px" height="326" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/steller_mc_maude_street_cheltenham_digital_assets_domain_premium_project-gallery_photos_1920x1080px_01.jpg?itok=dXB56Mya" title="Steller's Maude is set to launch in the next week. Image: Steller" width="580"></a>

<figcaption>Steller's Maude is set to launch in the next week. Image: Steller</figcaption></figure>Set to launch to market in the next week, this four-storey building comprising 34 apartments has been designed by regular Steller collaborators, Ewert Leaf. Look out for Apartments.com.au's feature on Cheltenham's development pipeline including Maude next week.
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Laurence Dragomir

A Steller showcase in Melbourne's south-east

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Cheltenham ranked as the suburb in Victoria with the biggest stock increase, according to Investar.
Investar suggests its growth in sales stock is up to 144%, from 18 houses this time last year to its current 44 offerings. 
The suburb's median house price sits on 1.1 million, according to CoreLogic. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/2/vic%20.jpg" alt="">
A brand new Chltenham offering currently on the market is a three bedroom priced at $950,000 to $1.04 million (pictured below).
<a href="https://www.realestate.com.au/property-house-vic-cheltenham-128251018" target="_blank">Situated at 10 Regent Parade</a>, the home comes with three bedrooms, a large light-filled lounge, a bright kitchen, and family zone.
Extra features include ducted heating, air-conditioning, a laundry plus double garage, shed and generous gardens.
Set on a well-established approximately 596 square metre block, it is close to  Southland Shopping centre and a range of transport options.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/4/10%20regent%20parade.jpg" alt="">
Another Cheltenham dual-level house was sold for $1.16 million last year (pictured below).
<a href="https://www.realestate.com.au/sold/property-house-vic-cheltenham-126964030" target="_blank">The 106 Cavanagh Street home</a> features three bedrooms, open plan living/dining, designer kitchen and a large deck.
Positioned on a compact block within the Cheltenham Secondary zone, it is close to Cheltenham East Primary, Southland, transport, parklands and sporting facilities.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/2/106%20cavanagh%20st%202.jpg" alt="">
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Cheltenham experienced fastest stock increase in Victoria

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A Melbourne-based developer has secured four permit-approved Cheltenham properties for $6.5 million before they hit the market.
The 2,867 square metre corner allotment, which encompasses 1-2 Moola Street and 4-6 Barker Street, has potential for 49 units.
Savills Australia’s Julian Heatherich brokered the deal on behalf of a local investor, securing a land rate of $2,260 per square metre or $132,000 per unit.
Heatherich said the sale was a positive sign of the year ahead.
“2018 has kicked off with a flurry of activity, with developers back in force looking for their next opportunity,” he said.
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Off-market Cheltenham development site sale

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The winner of the 1969 Wilkinson Award, a Philip Cox-designed house at Cheltenham, has a new owner.
Considered as one of the best mid-century houses in Australia, the late 1960s <a href="https://www.realestate.com.au/sold/property-house-nsw-cheltenham-111765475" target="_blank">19 Norma Crescent</a> home sold midweek, some two years after its listing.
Its last price guidance was $2.59 million having initial $3 million hopes.
It last traded for $1.405 million in 2013 to the Apap family, in fairly original condition. Since then it has bathroom and kitchen renovations which don't detract too much from the style of the home.
It first traded for $108,000 in 1976 when sold by the Hawkins household.
When designed by Philip Cox in 1968, he was an influential proponent of the Sydney School – a style of architecture responding to its environment, often built in natural bushland, organic, and using natural materials.
The Wilkinson is the highest accolade of the Royal Australian Institute of Architects. 
The five bedroom home has been updated and renovated around its central courtyard that features a pool and spa.
There's a self-contained lower level with its own private entry on the 1,150 sqm parcel that adjoins the Lane Cove National Park.
Built with creamy-yellow expressed bricks, it comes with brush box floors, oregon ceilings and exposed cedar rafters.  
"The purchasers are a young couple with three children who will honour and love the home as it is," Noemi Guttmann, the Black Diamondz selling agent said. 
This article first appeared in the Sunday Telegraph.
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jchancellor-FAypfDUnLy

1969 Wilkinson Award winner at Cheltenham sold

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The winner of the 1969 Wilkinson Award, a Philip Cox-designed house at Cheltenham, has been listed for sale.
Considered as one of the best mid-century houses in Australia, the late 1960s Norma Crescent home has $2.75 million hopes.
The five bedroom home has been updated and renovated around its central courtyard that features a pool and spa.
There's a self-contained lower level with its own private entry on the 1,150 sqm parcel that adjoins the Lane Cove National Park.
Built with creamy-yellow expressed bricks, it comes with brush box floors, oregon ceilings and exposed cedar rafters. 
It last <a href="https://www.realestate.com.au/property-house-nsw-cheltenham-111765475" target="_blank">traded for $1.405 million in 2013</a> to the Apap family, in fairly original condition. Since then it has bathroom and kitchen renovations which don't detract too much from the style of the home.
It went unsold late last year when listed with $3 million hopes.
Now Black Diamondz listing agent Noemi Guttmann is taking the home to auction August 20.
It first traded for $108,000 in 1976 when sold by the Hawkins household.
When designed by Philip Cox in 1968, he was an influential proponent of the Sydney School – a style of architecture responding to its environment, often built in natural bushland, organic, and using natural materials.
The Wilkinson is the highest accolade of the Royal Australian Institute of Architects. 
This article was first published in the Sunday Telegraph. 
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