Less than two years after breaking ground, Gardner Vaughan Group is celebrating the topping out of Bask, its second development in the exclusive coastal enclave of Bokarina on Queensland’s Sunshine Coast.&nbsp;

Located only minutes from the beachfront, the two seven-storey luxury apartment towers, known individually as Mydas and Caretta, offer a selection of one-to-four-bedroom residences with views of Lake Kawana, the Glasshouse Mountains, and Bokarina Beach.&nbsp;

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Gardner Vaughan Group Commercial Director Sam Gardner said the milestone marks the home stretch for construction, with first residents expected to be able to move in from Spring 2026.&nbsp;

“This is a significant milestone in bringing this development to life and represents our confidence in this region’s long-term growth and appeal,” Gardner said.&nbsp;

“With 85 per cent of apartments already sold, buyers are joining an established, coastal village that offers the very best of the Sunshine Coast – seasonally patrolled surf beaches, renowned restaurants, and links to established health and retail.&nbsp;

“The final collection of three- and four- bedroom apartments range in size from 127sqm to 300sqm, each with two or three secure car parks and storage, and with construction fast approaching completion we don’t expect the last few apartments to remain on the market for long.”&nbsp;

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Local restaurateur Luke Stringer, who co-owns and manages the award-winning Bocca Italian and Playa Mexican restaurants in Bokarina, has lived in the beachside suburb for 18 months and worked there for more than three years, and said the beachside suburb was thriving.&nbsp;

“It’s fair to say Bokarina is finally stepping into the sun and there’s a lot to love about the place,"&nbsp;Stringer said.

"It’s such a great community, where you see the same smiling faces every morning and everything’s within easy reach – it’s the perfect hub in the middle of the Sunshine Coast.

“When we first opened Bocca Italian, we were the lone restaurant, but it’s been amazing to see how the area has grown. The more venues that open, the busier it gets for everyone. When Playa Mexican opened its first Saturday night, Bocca had a record night and Playa was packed too, which blew us away how everyone is thriving.&nbsp;

“There’s a great energy around the place now, and people are really embracing Bokarina as a food and lifestyle destination.”&nbsp;

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Stringer joined other buyers at Bask Bokarina and the Gardner Vaughan Group team to celebrate the topping out at a special event in February.&nbsp;

Located in Kawana Waters, midway between Caloundra and Maroochydore, Bokarina locals enjoy scenic walking paths around Lake Kawana, playgrounds, beachfront boardwalk and parklands, alongside all the convenience of a masterplanned beachside community.&nbsp;

“You see people jogging or swimming in the morning, then grabbing coffee at the cafes, people are really embracing the area and all this growth is bringing more people to Bokarina,” Stringer added.&nbsp;

To take advantage of the vistas, each of the 135 apartments at Bask is designed with full size windows and high ceilings that provide an abundance of natural light.&nbsp;

Prices for the remaining three-bedroom apartments start at $1,599,000 and four-bedroom apartments start at $3,149,000.&nbsp;

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The mixed-use development also features ground-level retail space for cafés, dining options and boutiques, including the soon-to-be-opened ‘Corner Shop’, by the team behind Noosa’s well known ‘Organika’.

Sam Gardner said Gardner Vaughan Group’s 37-year history building and developing across South East Queensland has contributed to the success of its second development in Bokarina, which follows the recently completed Zinc Apartments.&nbsp;

“We care how people live and this is reflected in the way we approach the design and delivery of every development,” he said. “Furthermore, as a builder-developer we have full control over the construction program and our 100 per cent completion rate is something people can draw confidence from.”&nbsp;

Founded by civil engineers Guy Gardner and Darryl Vaughan in 1989, the family-owned business has evolved from a consultancy firm to an award-winning builder-developer, with projects across the Sunshine Coast, Moreton Bay, Brisbane and the Gold Coast.

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Joel Robinson

Gardner Vaughan Group tops out Bask Bokarina apartments

Prolific Melbourne developer <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> has launched its fourth new Gold Coast development in as many years.

<a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a>, led by Daniel Faigen and backed by Eddie Hirsch, co-founder of United Petroleum, has unveiled The Eveleigh, on a prime 1,100 sqm site at 7-9 Surf Parade in the heart of Broadbeach.

<a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a> will deliver 100 apartments across 31 levels, making it the company’s largest Gold Coast project to date. It builds on the success of its three earlier developments, <a href="https://www.apartments.com.au/buildings/hemingway-1267-1273-gold-coast-highway-palm-beach">The Hemingway in Palm Beach</a> and <a href="https://www.apartments.com.au/buildings/emerson-kirra-100-musgrave-street-coolangatta">The Emerson at Kirra</a>, both completed, and <a href="https://www.apartments.com.au/new-apartments/yves-mermaid-beach-7-9-mermaid-avenue-mermaid-beach">Yves Mermaid Beach</a>, which is nearing completion.

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The announcement of The Eveleigh affirms the company’s sustained confidence in the Gold Coast market which continues to remain undersupplied. It also increases the value of Hirsch &amp; Fa​igen’s Gold Coast development portfolio to more than $700 million since the company first entered the market in 2021 with Hemingway.

The company has enlisted its preferred architecture firm Rothelowman to design The Eveleigh, which will offer a thoughtfully curated lifestyle, including a substantial wellness precinct, communal recreation areas, children’s play spaces, work-from-home facilities, and shared lounge and dining areas.

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Designed for the prime market demographic of downsizers and interstate lifestyle investors in mind, The Eveleigh has been crafted to offer an increasingly rare blend of affordable luxury in a tightly held market. Uniquely positioned in the heart of the Gold Coast’s most sought-after lifestyle suburb of Broadbeach, the project will also boast uninterrupted beach and hinterland views.

The Surf Parade site is just a short walk to the bustling Broadbeach dining and retail precinct, Pacific Fair, The Star Gold Coast and convention centre, and an easy stroll to Kurrawa Beach and the recreational amenity of Pratten Park on the Broadbeach foreshore.

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“We’re excited to be proceeding with our fourth project on the Gold Coast in what is certain to become the new luxury precinct in Broadbeach,” says Anthony Bueti, the CFO of Hirsch &amp;a​mp; Faigen and a shareholder of the group.

“With the likes of Mosa​ic and Abedian &amp;a​mp; Co also launching quality projects in the area, the transformation will cement Broadbeach as the premier lifestyle and amenity suburb on the Gold Coast.

"After four years in the Gold Coast market, and with three successful projects completed, The Eveleigh is the product of everything we have learned to love about the Gold Coast and it will be an incredible addition to our growing portfolio in one of the most vibrant property markets in the country. We continue to remain very confident in the high-end Gold Coast property market.”

Urban Activation Director Matt George is handling sales for The Eveleigh, having sold out The Emerson, The Hemingway, and Yves, all before construction was completed.

Melbourne builder MAXCON has already commenced construction on The Eveleigh. They are forecasting a mid-2028 completion.

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Hirsch & Faigen unveils The Eveleigh in Broadbeach

Two years after securing development approval for the final stage of its award-winning Thornton Precinct on the doorstep of Penrith Station, Urban Property Group is set to launch <a href="https://www.apartments.com.au/new-apartments/mayfair-on-penrith-172-lord-sheffield-circuit-penrith-nsw-2750">Mayfair on Penrith</a>, around 400 apartments designed to reflect two of Sydney’s most iconic structures.

The builder-developer has continued refining the design plans for the two-building development on a significant 8,280 sqm site on Sheffield Circuit, recognising the importance of the prime parcel as one of the closest developable sites to the station.

UPG enlisted architecture firm SJB to design the project. The team said they drew inspiration from both the General Post Office in Martin Place and East Circular Quay to help shape the design. The two-level colonnade, in particular, reflects the famous GPO building, which dates back to the 1860s.

[smartcode_project:default project_id=136726 project_image_fid=362014]

There will be one-, two-, and three-bedroom apartments on offer, with interiors by Cox Architecture. Residences will sit above a retail podium featuring hospitality and lifestyle operators such as One Playground and Volcano’s Steakhouse, contributing to an activated ground plane within the broader Thornton precinct.

A communal rooftop with a pool and views towards the Blue Mountains will provide shared open space for residents. The development is positioned between Ron Mulock Oval and Westfield Penrith, with the Nepean River and Great River Walk also nearby, placing daily amenity and green space within walking distance.

&nbsp;

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Mayfair is being delivered by Urban Property Group, a family-owned developer and builder with nearly 40 years’ experience across Sydney. The project will be the first in Penrith to be offered with Resilience Insurance’s 10-year Latent Defects Insurance (LDI) policy, which Urban Property Group has adopted across a number of its recent developments. The developer also has a 4.5-star iCIRT rating, one of the best ratings in market providing further confidence to buyers.

Urban Property Group CEO Patrick Elias said providing additional assurance to off-the-plan buyers has become increasingly important.

“Anything we can do to give confidence in our product is a plus,” Elias told Apartments.com.au.

“Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. They’re making their single large investment, which is their home, and providing confidence is something that we feel is paramount.”

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The LDI policy provides a 10-year warranty covering structural defects, with independent inspections carried out during construction and protection for owners if defects arise post-completion.

Mayfair represents Urban Property Group’s sixth and final development within Thornton, consolidating the masterplanned precinct immediately east of the station.

The developer, which builds its own projects, has already commenced construction. SRM Residential is handling the sales campaign.

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Urban Property Group to close the curtain on award-winning Thornton precinct with Mayfair on Penrith release

Investor appetite for Queenstown apartments is strengthening as supply constraints and four-season tourism continue to underpin demand across the alpine region.

In Frankton’s masterplanned Remarkables Park precinct,&nbsp;<a href="https://www.apartments.com.au/developers/safari-group">Safari Group</a>’s 141-apartment Mountain Oak development is attracting repeat and yield-focused buyers seeking exposure to that market dynamic.

Brandon, who specifically targeted Queenstown as an investment location, said the combination of price point and limited new supply made Mountain Oak stand out.

“It is a quality product in a location that struggles to densify,” he said, referencing Queenstown’s land-locked geography and development limitations.

<img alt="From slopes to markets: Mountain Oak connects residents to the best of Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/658d4f_48c3ec1ae5df4a2cab7d23c07c7f51b3~mv2.jpg?VersionId=27K8oQ4ExDN8Yu70VHDa9Olq59XU36m3" />

Having spent significant time in the region, Brandon pointed to its global reputation and consistent visitation as key fundamentals.

“Queenstown is a known destination from people all over the world. The place is land locked and there are issues building there. It’s also busy all year round.”

That four-season economy, driven by skiing and snowboarding in winter and hiking, cycling and water-based tourism in summer, was also central to Sherry’s decision to invest.

“I believe the four-season tourism has major appeal as it would ensure that the property will not remain empty, unlike other areas in NZ,” she said.

<img alt="From slopes to markets: Mountain Oak connects residents to the best of Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/313_Living_WEB.jpg?VersionId=3LglY20Jp_MAzQYdvwODRWvtjL.cZcqI" />

Mountain Oak has been structured to respond to that sustained demand, with 365-day visitor accommodation consent underpinning a mix of one-bedroom, flexi, two-bedroom and dual-key configurations that can operate as either short-term visitor accommodation or long-term rental housing. Dual-key apartments comprise two self-contained residences on one title, allowing owners to generate dual income streams or occupy one side while leasing the other.&nbsp;

Under Safari Group’s optional visitor accommodation management model, owners receive 60 per cent of the annual income generated by their apartment, with 24/7 on-site management, guest services and listing exposure included. Independent appraisal modelling suggests gross yields of up to 15 per cent for certain two-bedroom configurations, based on estimated nightly rates and occupancy assumptions.

For Brandon, that flexibility aligned with his broader investment strategy.

“It helps to know that I can have it managed either way,” he said. “My focus is on purchasing high yield cashflow properties.”

<img alt="Investors back Safari Group’s Mountain Oak Apartments as Queenstown’s four-season economy drives demand" data-entity-type="file" data-entity-uuid="c786ba7f-f974-4ce3-9833-1bcd9f2938d6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/658d4f_ae3c049f388f4c13bf801649d91cbb4a~mv2%20%281%29.jpg?VersionId=J25uvzGdvtFaXGzuwz28ewJ9wWzbtvur" />

He selected a one-bedroom flexi configuration, citing both yield and adaptability.

“I work remotely and can travel to most places and work. I enjoy making spaces that work for the lifestyle that I live and it seems that others also enjoy it.”

Ranging from 54 to 57 square metres, the one-bedroom flexi incorporates a separate multipurpose room suited to a home office, additional storage, or accommodation for ski gear and seasonal equipment, an increasingly relevant inclusion for buyers balancing remote work and alpine travel.

Interiors feature underfloor heating in bathrooms and a heat pump in the main living area, supporting year-round comfort. Upper-level apartments are positioned to maximise natural light, with sliding windows and balustrades in select residences enhancing outlook and ventilation. Units are available in both light and dark interior schemes.

<img alt="Investors back Safari Group’s Mountain Oak Apartments as Queenstown’s four-season economy drives demand" data-entity-type="file" data-entity-uuid="8f9492e9-8ee0-4aae-856c-8996ed9d9a06" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/658d4f_7d066f5200024c1aa472d01e2dc776ed~mv2.jpg?VersionId=MLR5xn6fLqPdBi7vxyRT.1zhQX3Ln0Ev" />

Sherry, a repeat Safari Group buyer, said her previous experience with the developer provided confidence to secure another apartment.

“Their developments have always finished on time, the quality has been high, and I didn't feel that my investment may be at risk,” she said. “Knowledge of the developer and our two existing Safari apartments gave us the confidence to proceed with this one.”

Safari Group has delivered more than 2,000 hotel units and residential apartments nationally and is now undertaking its fifth Queenstown development, reinforcing buyer confidence in delivery capability.

Although Sherry was not initially targeting Queenstown due to its price profile, prior visits reshaped her view of the market.

“I absolutely love this region and believe it is a major tourist attraction, which led me to the decision to invest.”

<img alt="How Mountain Oak Apartments draws holiday home buyers to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Ext_Cam15_Sunny.jpg?VersionId=SJAROUM_1s.Tr5ciMk4EEj5oAt_Vewmv" />

Construction commenced in June 2025, with completion anticipated by mid-2027. Apartments are priced from NZ$639,000, and the development carries Overseas Investment Office exemption approval, allowing non-residents to purchase.

For both investors, the purchase represents a balance of income generation and long-term portfolio positioning in a tightly held alpine market.

“I firmly believe my investments in Safari developments are a combination of all these elements,” Sherry said. “The location of this project enabled me to diversify.”

As Queenstown continues to attract year-round visitation alongside constrained housing supply, Mountain Oak’s dual-key flexibility, optional on-site management structure and established developer track record are resonating with investors seeking exposure to the region’s resilient tourism economy.

Investors back Safari Group’s Mountain Oak Apartments as Queenstown’s four-season economy drives demand

The Minns Labor Government is today unveiling a game-changing new precinct at Bays West – delivering up to 8,500 well-located homes, including a minimum of 10 per cent affordable and essential worker homes - directly above the new Bays West Metro Station currently under construction.

The landmark transformation will convert underutilised government-owned port land on the Harbour into Sydney’s newest suburb, while retaining important deep-water port facilities to support Sydney’s working harbour.

Located just minutes from the Sydney CBD and connected to a world-class metro, ferry, walking and cycling links, the Bays West precinct will rebalance housing growth towards well-serviced inner-city locations and help tackle the state’s housing crisis.

<img alt="Bays West" data-entity-type="file" data-entity-uuid="c5f01d10-0b6b-49de-8033-d3ef2728cb6d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-04%20at%204.06.12%E2%80%AFPM.png?VersionId=UA6_r._1jYROJ5tFNXMHqjNYLKYWIN.Y" />

Affordable housing will be embedded from the outset, including dedicated homes for essential workers such as nurses, teachers, paramedics, firefighters and police so they can live closer to the communities they serve.

The precinct will combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years.

Night-time entertainment and creative industries will be anchored by the revitalisation of the historic White Bay Power Station as a cultural and community destination, connected to the harbour across a new expansive public forecourt.

Planning of the area will prioritise connectivity, including active transport links to neighbouring communities such as Rozelle, Balmain and Glebe, improved pedestrian access to the waterfront, and connections to the CBD, including an active transport link across the Glebe Island Bridge.

The Government will lead a master planning process that will include an international design competition to guide development across the precinct, ensuring homes, essential infrastructure, jobs, public spaces and transport links are delivered together.

It will be led by a new delivery agency to be established over the coming weeks, which will report to Minister Kamper who already has oversight of major precinct renewal projects including at Blackwattle Bay and Barangaroo. Once established, the publicly owned land in the precinct will be transferred to the new agency.

This is the first new suburb that has been built in inner Sydney in decades, it will see homes built alongside the Bays West Metro Station ensuring young people, families and downsizers are only minutes away from the CBD. As part of the transformation of the Bays West precinct, bulk port operations – including cement, gypsum and sugar handling – will cease on Glebe Island by no later than 2030.

<img alt="Glebe" data-entity-type="file" data-entity-uuid="46ef3c23-2ce1-4912-b8ba-5247de19d7b9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-04%20at%204.02.15%E2%80%AFPM.png?VersionId=I5xKa7hLNlsueMsltA2dsYrRYtZCKvZz" />

The Government will work closely with industry to minimise impacts and ensure the continuity of supply. This includes a commitment of $270 million to improve road connections around the port at Port Kembla and to investigate increased rail freight capacity.

Working harbour operations across the precinct will be consolidated, mostly into White Bay, ensuring the precinct will continue to provide critical services for the harbour, including boat maintenance and marine construction and as a base for tug boats and for emergency services.

A new staging area will be established in White Bay, securing the future of the New Year’s Eve fireworks, Vivid and other major events for decades to come.

<img alt="Glebe island" data-entity-type="file" data-entity-uuid="0554b153-b225-445b-a633-75aecea7dec9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-04%20at%204.06.17%E2%80%AFPM.png?VersionId=P45ABy8KLuwjzVf04APWfeC4aOMA1Ngx" />

The cruise terminal will be retained in its current location, meaning tourists arriving in Sydney will be welcomed by the new precinct, with new shore-power facilities currently being installed that will reduce noise and emissions. The Sydney Heritage Fleet will also be offered new premises in White Bay.

Deep-water berths will be retained to preserve Sydney Harbour’s strategic operational capability, and the removal of the existing 1970s industrial silos, currently used as a billboard, as well as to store cement and sugar, will unlock new opportunities for public space and future housing.

“Right above a new metro station and minutes from the CBD, we’re delivering thousands of homes where people actually need them - close to work, close to services and close to transport,"&nbsp;Premier of New South Wales Chris Minns said.

“Importantly, this precinct will include affordable and essential worker housing from day one, so nurses, teachers, paramedics and police can live closer to the communities they serve.

“We understand that not everyone will welcome change, but cities don’t stand still. If Sydney is going to remain a place young people and families can afford to live in, we have to use well-located land better and plan for the future.”

Glebe Island to accomodate 8,500 new homes near new Bays Metro Station

East Melbourne

Long-standing partners, Primeland and Pelligra are coming together again to create another residential project&nbsp;at 83-91 Albert St, East Melbourne.

The group, who are&nbsp;involved in a wide range of commercial and industrial developments, will add to their already impressive portfolio with the Albert St site, with plans to produce a similar set of residences like they constructed at 67-69 Well St, which were&nbsp;designed by prominent Melbourne architect, Christopher Doyle,&nbsp;in collaboration with landscape architect Jack Merlo.

East Melbourne heralds a blend&nbsp;of old and new architecture, set on the doorstep of the CBD,&nbsp;nestled among a natural landscape of parks and heritage-listed gardens.

The streets are lined with nineteenth-century buildings coupled with stylish modern masterpieces, with 83-91 Albert St set to add to the streetscape.&nbsp;

<a href="/new-apartments/83-91-albert-street-east-melbourne-vic-3002"><img alt="" data-entity-type="" data-entity-uuid="" height="930" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-17_at_12.01.35_pm.png" width="1664" /></a>

83-91 Albert St will be a four-storey apartment building, comprising 12 three-bedroom residences, as well as two four-bedroom penthouses.

The penthouses capture the surrounding CBD views and nearby parklands, each with their own private staircase leading to the rooftop garden.

A two-level basement car park offers 30 off-street private garages and electric charging stations, as well as individual wine cellars for each apartment.

Renowned architecture and interior design studio, Carr are behind the designs of the apartments, with each space following an open plan design, flowing seamlessly onto landscaped balconies.

Floor-to-ceiling windows further accentuate the space in each apartment, along with connecting the homes to the surrounding nature.

A lush garden oasis exists at the centre of the development, with the dedicated ground floor space creating a unique element in the design.

Pelligra Chairman, Ross Pelligra said the prospect of collaborating again was not only exciting but a great honour.

“This is such a great opportunity being only the 2nd owner of this land in over 20 years and having the opportunity to create another high-end living masterpiece right on the edge of the CBD,” he said.&nbsp;

“The vision for this project is to create a top of the line luxury apartment experience that will serve to become a landmark for East Melbourne,"&nbsp;Primeland Chairman, Robert Brij, added.&nbsp;

83-91 Albert St is expected to go to the market by Q1 of next year, with completion slated from early 2025.

East Melbourne heralds a blend of old and new architecture, set on the doorstep of the CBD, nestled among a natural landscape of parks and heritage-listed gardens

alisonwarters@gmail.com

Primeland and Pelligra partner for $80 million East Melbourne apartment development

The high-end Melbourne developer, PB &amp; Co., has secured approval from the City of Melbourne Council to convert the historic East Melbourne home Eblana in to a $35 million luxury residential apartment development.

Eblana, the former home of the Young &amp; Jackson publican, Thomas Jackson, will become three full floor apartments and a double-storey penthouse designed by Inhaus Design, who will be retaining and restoring its original built form.

[smartcode_project:default project_id=108801]

The Italianate-style terrace at&nbsp;140-142 Jolimont Road was built in the 1800s and was used as the head office for the postmaster general, after the Commonwealth bought it in 1925.

PB &amp; Co., headed by developer Michael Pesochinsky and Edward Bun, has been working with&nbsp;the Melbourne City Council and local objectors to put together an appropriate development.

"The core origins and fabric of Eblana speak to Melbourne's grand era in the late 1800s, which is complemented by rich history and exquisite colonial architecture of James Gall," Bragilevsky&nbsp;said.

"We have consulted closely with the East Melbourne Group, Melbourne City Council and key objector groups to reach a commercial outcome, and appreciate the constructive&nbsp;nature of these discussions.

"Being able to restore this spectacular building to its former glory, and then to delivery a world class 'ultra-luxe' development to the Melbourne elite is gratifying and in line with PB &amp; Co.'s vision.

<img alt="" data-entity-type="" data-entity-uuid="" height="675" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/pb_co_east_melbourne_elevated.jpg" width="1200" />

"We have worked tirelessly with architects Bayley Ward to delivery five spectacular full floor residences which will enjoy remarkable views of Melbourne's CBD precinct.

"Being able to restore this spectacular building to its former glory, and then to delivery a world class 'ultra-luxe' development to the Melbourne elite is gratifying and in line with PB &amp; Co.'s vision."

The ground floor apartment&nbsp;will be housed within the existing structure, with historic elements such as the grand double-height ceilings and the original tiling brought back to life.

Four new apartments, in keeping with the original design, will be built above.

Each apartment will have three bedrooms, multiple living zones, winter gardens and study retreats, as well as a fully automated car parking system likened to a James Bond-style of parking.

The 315 sqm penthouse, expected to sell for over $10 million,&nbsp;will have views over Fitzroy Gardens and Melbourne's skyline. It will feature a private rooftop terrace and infinity pool.

"We are very much looking forward to continuing the trend of our signature branded residences and unveilings the next global collaboration in the coming months,"&nbsp;Bragilevsky added.

The development is set to launch early next year, with construction commencement expected shortly after.

PB &amp; Co. now have over&nbsp;$350 million across Melbourne and Sydney’s prestigious wealth belts, having recently spent $60 million on a site in Sydney's Kurraba Point. That could see between eight and 12 luxury residences built on the 4,200 sqm block.

One of their latest Melbourne projects, Fifty Two Black, in Brighton, is kitted out in Restoration Hardware.

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The development is set to launch early next year, with construction commencement expected shortly after

PB & Co. to convert historic East Melbourne terrace, Eblana, in to five luxury apartments

The Melbourne-based developer&nbsp;Orchard Piper has secured a rare development site fronting Fitzroy Gardens.

The 1,200 sqm site at 364-370 Albert Street, East Melbourne was an amalgamation of three adjoining park-front sites which had been held by the same family for over four decades.

A grand three storey Victorian townhouse will be restored and offered as a townhouse.&nbsp;There will be&nbsp;a further&nbsp;six residential levels comprising 14 apartments and two levels of private offices.

Each apartment will take in views of Melbourne&#39;s CBD or Fitzroy Gardens.

Orchard Piper&nbsp;have had their go-to architect Jolson Architects, who were behind the famous Pt Leo Estate down on the Mornington Peninsula, draw up the plans. It&#39;s the sixth collaboration&nbsp;between the two.

Orchard Piper director Luke McKie said the strategic site acquisition and planning permit represented a significant step forward for the brand, and the next phase of the Orchard Piper story.

&ldquo;We have been actively acquiring sites through COVID with a view to significantly bolstering our pipeline as we move into more substantial projects in Melbourne&rsquo;s best locations.&rdquo;

<img alt="" height="2401" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/orchard_directors.jpg" width="1600" /> 
Orchard Piper directors Luke McKie, left, and Rick Gronow, right. Image supplied 
 
&ldquo;This East Melbourne project has been designed in direct response to more than 13 years of market feedback from our local owner occupiers. Living spaces will be ample, with home offices and master suites just as you would expect in a detached house&rdquo; adds McKie.

&ldquo;This is our sixth project with our long term design partners, Jolson. The collective knowledge from this partnership places our projects in rare territory where historic feedback from our residents continues to shape our future offerings.&rdquo;

Orchard Piper co-founder and director Rick Gronow said they have&nbsp;continuous demand from their buyers and repeated enquiries for an Orchard Piper offering in East Melbourne.

&quot;This site is as good as it gets, and we are excited to be able to soon offer these properties to the market.&rdquo;

Orchard Piper is set to&nbsp;launch the project in the second half of 2021.

Each apartment will take in views of Melbourne's CBD or Fitzroy Gardens

Orchard Piper to build mixed-use development on Fitzroy Gardens

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Prices remain resilient and on an upward trend in Melbourne’s eastern suburbs, valuation firm Herron Todd White found.
They found, despite the unprecedented year, there have been some notable prestige sales in the inner east of the city.
A home at 13 Wimba Avenue in Kew sold for an $7.9 million in March 2020, just before COVID took over the housing market.
The home has six bedrooms and six bathrooms across three lift-accessible levels on 918 square metres of land.
The property, with northern sunlight and range views, has a Hampton’s inspired summer room that opens to a large pool and alfresco area. There's a basement-level theatre, billiards room, gym and cellar, along with a six-car garage.
The substantial property sales aren’t only limited to houses on large sites in some of Melbourne’s most affluent neighbourhoods.
Luxury units, townhouses and apartments built with well-appointed finishes, highly desirable features and clever design also fetch prices much higher than the median prices seen in the eastern corridor.
A city-facing, ground level unit at G02/8 Main Drive, Kew sold off-the-plan in August 2020 for $2.15 million.
The residence will comprise three bedrooms and two bathrooms and feature natural stone and timber surfaces throughout its kitchen, bathroom and ensuite as well as an abundance of brushed chrome finishes.
It also features a study nook, outdoor entertainment area and space to park two cars.
The property is one of 17 residences in the <a href="/buildings/oakwood-kew-residences-8-main-drive-kew">Oakwood development in Kew</a>, located on a tree-lined boulevard, approximately 15 minutes drive from the CBD.
 
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East Melbourne prestige market seeing upward trend: HTW

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An East Melbourne trophy townhome, designed by Rob Mills, remains listed for sale with a price guide over $5 million after hitting the market in early October.
Located at <a href="https://kayburton.com.au/real-estate/townhouse-129-wellington-parade-south-east-melbourne-vic-3002-1463970" target="_blank">129 Wellington Parade South</a>, the four-bedroom, four-bathroom residence sits on the edge of the Melbourne CBD.
Its features include an internal lift, high ceilings and a landscaped garden and pond.
Other offerings include 100sqm of entertaining space with a terrace on each end, with views across Jolimont Reserve and towards the Fitzroy Gardens.
“Outdoor lighting makes this a perfect haven for entertaining night or day”, the home’s marketing reads.
Each bedroom has access to a balcony and the rear two boast views to Federation Square.
The residence was last purchased by Phillip Meade, the owner of engineering company PJM Engineering, and his late wife in 2012 for $3.2 million.
Kay and Burton agent Monique Depierre holds the listing, with hopes of between $5 million and $5.25 million.
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jchancellor-FAypfDUnLy

Rob Mills-designed East Melbourne trophy townhome remains listed with a $5 million price tag

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An East Melbourne townhouse designed by local architect Rob Mills has hit the market.
The three level Wellington Parade South home on the edge of the Melbourne CBD has been listed by PJM Engineering owner Phillip Mead.
A lift connects all three levels, starting from the ground level where there's a double garage and a living and dining area, as well as a bedroom or home office.
On the first level is the 100 sqm main entertaining space spanning the whole level. At either ends of the open plan kitchen, living and dining space are terraces, one alfresco which features its own barbecue kitchen.
 <img src="https://www.urban.com.au/images/2020/10/6/Mills%202.png" alt="">
The gourmet kitchen features a waterfall Calcutta marble island bench with American Oak cabinetry hiding the integrated appliances.
 <img src="https://www.urban.com.au/images/2020/10/6/Mills%203.png" alt="">
Upstairs there are three bedrooms, each with their own ensuites. The master bedroom's ensuite has a free-standing Lotus bath with an overhead rain forest shower.
Kay &amp; Burton South Yarra agent Monique Depierre has a $5 million to $5.5 million guide for the home which has recently been a $2,345 a week rental.
The home is one of three adjoining properties designed by Mills around a decade ago.
 
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Rob Mills-designed townhouse in East Melbourne hits the market

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James Kennedy, the chairman of the retailer Kennedy Luxury Group, has been able to secure the $4.5 million East Melbourne apartment he and his wife, Jaimee Belle Kennedy, have occupied for the past two years.

It was only after he'd lodged two caveats on the title of the plush 150 Clarendon Street apartment claiming there was a January 2018 purchasers' contract.

It had last traded when bought by Richard Gu's AXF Group in 2011 for $4 million.

The home, located at 505/150 Clarendon Street, was tied up in the AXF Group liquidation saga as the property was an asset of Gu’s trust.

As a result, Kirsch Sutherland's Malcolm Howell, who recently lost his job as liquidator of the broker, was appointed receiver to complete the sale to the Kennedy’s.

Kennedy had to undertake action in the Supreme Court against Gu and Howell to finalise the purchase of the Clarendon Street home.

<img alt="" src="https://www.urban.com.au/images/Screen%20Shot%202020-08-28%20at%2010.29.45%20am.png">

The luxurious two-bedroom, two-bathroom apartment offered expansive views over the Fitzroy Gardens and beyond.

Its features included a European kitchen, dignified living and a large terrace.

<img alt="" src="https://www.urban.com.au/images/Screen%20Shot%202020-08-28%20at%2010.17.16%20am.png">

The Kennedy's had spent some $400,000 on renovations whilst occupying the home since their 2018 wedding.

Featured in Vogue, the wedding took place in Florence and showed off Jaimee’s three-day Italian wedding set and her Ralph &amp; Russo gown.

Jaimee, who has been consistently referred to as one of Australia’s most stylish women, works as creative director for her husband’s jewellery business.

<h2>VIC properties selling now:</h2>

[smartcode_project:default project_id=89516]

[smartcode_project:default project_id=27321]

[smartcode_project:default project_id=5559]
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James Kennedy secures Clarendon Street, East Melbourne apartment

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Residential pockets within the inner eastern suburbs of Melbourne historically yield high sale and rental prices, according to the July Herron Todd White (HTW) residential report. 
The valuation firm took a look at how a budget of $700,000 could be invested in property markets across the nation. 
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The report suggests suburbs such as Richmond, South Yarra, Toorak, Camberwell, Hawthorn and Kew all have high median residential house prices and equally high median prices for apartments.
The areas of the eastern suburbs that would be best suited for someone with a budget of $700,000 begin further down the Lilydale train line, near places such as Ringwood, Warrandyte, Mitcham and Doncaster.
"These areas have a good mix of established residential housing, emerging housing markets seen in land developments such as the Tullamore Estate in Doncaster and new single or multi-unit dwelling developments taking place in various suburbs across the eastern suburbs," the valuation firm said. 
A two bedroom townhouse located near Doncaster Westfield has recently been sold for $641,000.
The townhouse at <a href="https://www.realestate.com.au/sold/property-townhouse-vic-doncaster-133861270" target="_blank">14/9-13 Wetherby Road </a>(pictured below) comprises two bedrooms, study, lounge and meals zones and courtyard. 
It also features kitchen with breakfast bar, second toilet, ducted heating and evaporative cooling. 
<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/2020/8/10/doncaster%201.jpg" alt="">
Some comparisons of median house prices in eastern suburbs are shown below.
<a href="https://www.propertyobserver.com.au/images/2020/8/10/east%20mel.jpg" target="_blank">Click here </a>to enlarge:
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Source: HTW
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Mooroolbark is a very suitable suburb in which to invest for someone with a budget of $700,000, the report noted. 
 The suburb is situated close to major shopping centres with Eastland a short drive away, access to public transport commuting into the city and the market that is available in Mooroolbark.
A current listing is a three bedroom Mooroolbark house priced at $590,000 to $640,000.
The home at <a href="https://www.realestate.com.au/property-house-vic-mooroolbark-133958610" target="_blank">30 Winyard Drive</a> (pictured below) comprises three bedrooms, lounge, dining area, galley kitchen and central bathroom. 
It is situated within a short stroll to train station, shops and eateries. 
<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/2020/8/10/mooroolbark.jpg" alt="">
The varying quality of homes in the area makes it possible for investors to either buy and renovate, buy and knockdown or purchase an established home ready to move into or rent out to tenants. 
"We are of the opinion that these outer eastern suburbs are a great location to invest in property, whilst being affordable and having opportunities to construct new dwellings, renovate older homes or purchase a home suitable for living," the valuation firm said. 
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What a lazy $700,000 can buy in eastern Melbourne: HTW residential 

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In the Eastern suburbs of Melbourne, the number of renovation jobs completed by Herron Todd White (HTW) has increased, according to the latest HTW residential report. 
The valuation firm suggest in locations across the nation, the downtime delivered by isolation has spurned on owners looking to improve their assets through maintenance and upgrade. This month’s HTW report highlights where renovations are on the rise and the price points and outcomes those markets can expect.
The report notes the outer eastern ring has seen a spike in renovation valuations. Suburbs such as Kilsyth, Blackburn, Doncaster and Wantirna have had measured growth in jobs for renovations. Ranging from complete renovations, partial renovations and additional spaces being created to the homes.
A renovated character home in Blackburn has recently been sold for $1.435 million.
The <a href="https://www.realestate.com.au/sold/property-house-vic-blackburn-133601306" target="_blank">2A Forest Road </a>home (pictured below)comes with formal and casual living and dining, four bedrooms, renovated stone kitchen, entertaining area and vegetable garden.
it is set just moments from school and public transport. 
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"The trend we are seeing, based on the ownership information provided by third party web service, Core Logic, is that it is mostly current owners who are renovating.
"Whether it is cabin fever or having a surplus of free time due to being isolated is speculative. What we do know is that there has been a significant increase in renovations being undertaken," the valuation firm said. 
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Due to the eastern suburbs being an established, older area with a range of Italianette, Victorian, Edwardian and Art Deco homes, the opportunity for renovation is a lot higher than suburbs in developing areas.
 In some cases, it is almost more expensive to renovate an old home with structural issues than building a new dwelling, the report noted. 
Though, due to the aforementioned style of homes being omnipresent in the Eastern suburbs, there are more restrictions for what is able to be renovated and planning approval can be more difficult and time consuming to attain.
Buildings that are heritage listed and suburbs with heritage overlay encumbrances can encounter obstacles when wanting to extend and renovate.
Largely because most heritage buildings require the front facade to structurally remain the same and there be no visibility of additional levels added to the home from the street frontage. This can greatly escalate building and labour costs.
"Depending on how far East you travel to buy a home with renovation potential, the outer East would have houses available with a purchase price of $700,000 and $1.2 million," the valuation firm said. 
A big trend seen in Glen Waverley and Mount Waverley is for buyers to purchase run down properties and build a new home with four or five bedrooms.
A current listing is a four bedroom house in Mount Waverley priced at $1.38 million to $1.49 million.
The<a href="https://www.realestate.com.au/property-house-vic-mount+waverley-133783346" target="_blank"> 1 Wills Avenue </a>home (pictured below) comes with formal lounge, kitchen/meals area, family room and double carport. 
It has future potential as a site for building a new home. 
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"While this isn’t a renovation, it is an interesting trend seen over the last couple of years," the valuation firm said. 
The effect of COVID-19 hasn’t slowed down the construction industry completely. There are still many investors who are eager to build and develop even through this uncertain time.
"We are seeing basic renovations begin at prices around $150,000 to $200,000 and more substantial renovations priced around $400,000-$500,000.
"Sub-contractors and trades are in hot demand and renovations are definitely sought after during this period of isolation," the valuation firm said. 
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Eastern Melbourne sees a spike in renovation valuations: HTW residential 

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The volatility of world equity markets can heavily affect property prices and the general market trends we see in property cycles, according to a recent Herron Todd White (HTW) residential report. 
The current COVID-19 epidemic is going to have a negative impact on key drivers, so it will be interesting to see what impact this may have on the property market in the short to medium term, the valuation firm said.
"World recessions such as the Global Financial Crisis, the current global COVID-19 pandemic and domestic natural disasters such as the bushfires that ravaged this country in 2019 and 2020 can have significant economic consequences, especially in the property markets," the valuation firm said. 
One of the major emotional influences that crises have on decision-making is that they create uncertainty in an investor’s mind, the HTW report noted. 
Periods of prosperity create confidence and willingness to invest due to the abundance of resources and the ability to create and expand upon what we already have, while crises seem to force individuals to retreat and protect what they own as a natural human response to fear and uncertainty.
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In the last year, the wider Melbourne property market has been showing significant signs of growth, prosperity and high clearance rates at auctions, especially in the last quarter of 2019 and early in 2020. 
"Until now, there has been talk about the property market developing momentum, with the interest cuts we saw the RBA make last year and the easing in credit conditions after a lengthy period of speculation following the banking Royal Commission," the valuation firm said. 
The report suggests at present, the property market faces a period of uncertainty as the world is coming to grips with the growing concerns over the Coronavirus. The function of most normal businesses and social practices is halting as the world is battling the virus. This has and will continue to have an impact on the property market.
"I foresee a limited availability in supply of houses and apartments in the coming months, limiting the opportunity for new home buyers and investors to purchase property. As the government increases restrictions on public gatherings and businesses are likely to work remotely, we will see a decrease in inspections and auctions. This will have a dramatic effect on the marketability of properties.
"While the government is enforcing restrictions on businesses, public events and individuals to carry out daily activities, we will see the market recede. 
"The ideal outcome is that amidst the growing concerns of the virus spreading, vendors and buyers continue to engage in selling and buying properties to continue economic growth. This will keep the economy from flatlining as experts foresee in other industries that are built on face to face contact such as the education, tourism and hospitality sectors," the valuation firm said. 
A two bedroom unit in East Melbourne's Ringwood has recently been sold for $550,000.
The <a href="https://www.realestate.com.au/sold/property-unit-vic-ringwood-133400038" target="_blank">3/326-328 Maroondah Highway </a>unit (pictured below) comes with lounge and dining, light kitchen, rear courtyard and single garage. 
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<div>It is surrounded by parklands including Mullum Mullum Creek and East Ringwood Reserve. </div>
<div><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/2020/5/11/ringwood%201.jpg" alt=""></div>
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<div>A three bedroom weatherboard house in Box Hill is currently on the market with $1.5 million to $1.65 million hopes.</div>
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<div>The <a href="https://www.realestate.com.au/property-house-vic-box+hill-133401882" target="_blank">434 Mont Albert Road </a>home (pictured below) comprises three bedrooms, two bathrooms, lounge with open fireplace and double garage. </div>
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<div>It also features Modern Bosch kitchen, front verandah and large back deck. </div>
<div><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/2020/5/11/box%20hill.jpg" alt=""></div>
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<div>Note regards COVID-19</div>
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This edition of Month In Review had its topic defined in late February with submissions from our offices collated through to late March. During this period, shifts in the social and economic landscape due to COVID-19 became increasingly dramatic, as demonstrated by the varied information provided by offices over the course of three weeks. 
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<div>This month’s residential theme on baseline property market drivers remains a common thread, and provides an indication of what influences to monitor as the property sector recovers post-crisis.</div>
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