Roseville is poised for a wave of new apartment development following the NSW Government's rezoning of land around Roseville Station under its Transport Oriented Development program.

The new planning controls have unlocked significant development potential within walking distance of the station, with a number of sites expected to be amalgamated and redeveloped in the coming years as developers seek to take advantage of the increased density allowances.

One of the more restrained developments in the precinct, and set among the first to be delivered having commenced well before the recent changes, is Hyecorp's Juliet. The boutique apartment project is already well under construction and remains on track to welcome residents by the end of the year, offering a markedly different proposition to many of the larger-scale developments now likely to emerge across the suburb.

[smartcode_project:default project_id=7395 project_image_fid=278194]

<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet</a> will comprise just&nbsp;34 one-, two-, and three-bedroom apartments opposite Roseville Station. For Hyecorp, which has delivered projects across Sydney's Lower North Shore for more than three decades, Roseville presented a rare opportunity to address a growing gap in the market.

"<a href="https://www.apartments.com.au/developments/roseville-nsw-2069">Roseville</a> has long been one of the North Shore's most tightly held and desirable suburbs, offering a unique combination of village charm, established greenery, excellent transport connections, and proximity to some of Sydney's best schools and lifestyle amenities," Hyecorp said.

"We recognised a growing demand from local homeowners seeking to downsize without leaving the community they have built their lives around. The location presented a rare opportunity to create homes that cater specifically to that buyer profile."

[smartcode_project:default project_id=7395 project_image_fid=278196]

The six-level development has been designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a> as a collection of residences that feel more like homes than apartments. The brief centred generous floorplans, abundant natural light, quality finishes, and strong connections to outdoor space.

PBD Architects drew inspiration from Roseville's established garden suburb character, creating a building that sits comfortably within its surroundings rather than dominating them. The architecture incorporates natural materials, soft forms, layered landscaping, expansive balconies, and generous setbacks to strengthen the connection between residents and the suburb's leafy environment.

"The focus was on designing spacious, house-like residences for discerning owner-occupiers and downsizers who wanted to remain on the North Shore without compromising on comfort, privacy, or design," PBD said.&nbsp;

"Every apartment was to feel considered, timeless, and highly functional."

[smartcode_project:default project_id=7395 project_image_fid=278195]

Inside, residences feature engineered timber flooring, stone kitchen benchtops and splashbacks, integrated Fisher &amp; Paykel appliances, ducted air conditioning, and large outdoor entertaining areas designed to take advantage of district and treetop views.

Residents will also have access to a rooftop barbecue and lounge area, alongside practical amenities including parcel lockers, EV charging capability, bicycle storage, a dog wash bay, and a basement car wash facility.

The majority of purchasers so far have been local owner-occupiers from Roseville, Lindfield, Chatswood, Killara, and the broader Upper North Shore, many of whom are transitioning from larger family homes.

"Buyers are looking for spacious, house-like apartments that allow them to downsize without feeling like they are sacrificing comfort or functionality," Hyecorp noted.

"They value large kitchens, generous living areas, ample storage, quality finishes, secure parking, lift access, and low-maintenance living."

[smartcode_project:default project_id=7395 project_image_fid=278204]

Juliet sits directly opposite Roseville Train Station and within walking distance of Roseville Village, while Chatswood's retail and dining precinct is only minutes away. The development is also surrounded by some of Sydney's most established schools, including Roseville College, Ravenswood, Pymble Ladies' College, and Knox Grammar, as well as nearby parklands and golf courses.

Juliet is currently more than 75 per cent sold ahead of its anticipated completion in late 2026.

[smartcode_project_cta:default project_id=7395]

Joel Robinson

Juliet to sit quietly amid Roseville apartment boom

Sherpa Property Group has unveiled the third instalment of its Flourish series, securing full approval for the two-tower, $500 million Flourish Soleira development in Palm Beach.

<a href="https://www.apartments.com.au/new-apartments/flourish-soleira-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> will rise from a prominent site in the commercial heart of Palm Beach, the long-time home of Cash Converters and a range of local retailers.

The project will introduce a new retail and dining precinct at ground level, beneath 286 apartments.

[smartcode_project:default project_id=150017 project_image_fid=370959]

“We’re very committed to not only providing affordable residential offerings that are much needed in Palm Beach, but also delivering a vibrant new commercial heart that complements the extraordinary growth of the southern Gold Coast,” Sherpa Property Group founder Christie Leet said.

The development will sit under Sherpa's Flourish brand, which is aimed at providing a pathway into the beachside suburb for locals, first-home buyers and downsizers. In a move designed to assist first-home buyers entering the market, Sherpa has reserved all one and two-bedroom, one-bathroom apartments exclusively for eligible first-home buyers.

[smartcode_project:default project_id=150017 project_image_fid=370964]

“Our vision through Flourish is to create a vibrant retail and lifestyle focal point within the Palm Beach centre zone, delivering thriving communities underpinned by lifestyle-rich locations,” Leet said.

“So far, Flourish has been an incredible success, and we hope to carry this momentum as we progress the next two Flourish projects in Palm Beach.”

[smartcode_project:default project_id=150017 project_image_fid=371430]

Located across 1150-1164 Gold Coast Highway and 3 Sixth Avenue, the development will comprise two towers. The northern tower will deliver 154 apartments, while the southern tower will add a further 132 residences, helping address ongoing demand for new apartments in the tightly held coastal suburb.

Flourish Soleira will also feature the most extensive rooftop amenity offering ever delivered in Palm Beach.

The two towers will be connected by a skybridge, with residents gaining access to a rooftop recreation deck featuring a full-width swimming pool, hot and cold plunge pools, wellness spaces, a gymnasium, private dining facilities, massage treatment rooms, barbecue areas, a basketball court, golf simulator, indoor and outdoor dining spaces, sun lounges and extensive landscaping.

LPS Group is expected to start construction later this year.

Sherpa is already well advanced on construction of its debut Flourish project, Flourish Amargo, located just around the corner from Soleira. Meanwhile, Flourish Oasis, positioned opposite Amargo, recently commenced construction and has nearly sold out its collection of 47 apartments.

[smartcode_project_cta:default project_id=150017]

Sherpa unveils $500m mixed-use Palm Beach precinct, Flourish Soleira

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

A local downsizer has splashed $6.5 million on a penthouse in Perifa's Alex &amp; Willow development in Crows Nest. 
&nbsp; 
The purchaser sold their long-held family home in the area before embarking on a six-month search for the right apartment. After inspecting a range of options across the Lower North Shore, the buyer returned to <a href="https://www.apartments.com.au/new-apartments/alex-willow-crows-nest-82-90-alexander-street-crows-nest-nsw-2065">Alex &amp; Willow</a>. 
&nbsp; 
The buyer profile reflects the project’s broader purchaser mix. <a>Alex &amp; Willow</a> has attracted predominantly local downsizers looking to transition from larger homes without compromising on space or quality, alongside a smaller cohort of upsizers and investors drawn to the project’s location and design credentials. 
&nbsp; 
The milestone sale comes as the project, developed by&nbsp;<a href="https://www.apartments.com.au/developers/perifa">Perifa</a>&nbsp;and delivered by <a href="https://www.apartments.com.au/builders/versatile-made-construction">Versatile Construction</a>, both part of Versatile Group, reaches 60 per cent sold.

[smartcode_project:default project_id=6680 project_image_fid=371325] 
&nbsp; 
Eddie Mansour, Managing Partner of <a href="https://www.apartments.com.au/project-marketer/ray-white-projects">Ray White Projects</a>, said the result demonstrates not only a headline price but also depth of demand. 
&nbsp; 
“This is an exceptional outcome and a clear reflection of sustained buyer demand for premium, well-located downsizer product,” Mansour said.

“We’re seeing a consistent pattern of local homeowners selling family residences and reinvesting into high-quality apartments that allow them to remain within their community. Alex &amp; Willow has resonated strongly with this group because it offers genuine scale, thoughtful design and immediate proximity to the village.” 
&nbsp; 
The sale reflects a broader and consistent trend of local downsizers actively seeking high-quality, low-maintenance residences close to established village centres. Agents report that demand for this product type has remained resilient, particularly where developments offer a rare combination of scale, design quality and walkable amenity. 
&nbsp;&nbsp; 
Fabrizio Perilli, Managing Director of Perifa and Versatile Group, said the sale marks a defining moment for the project. 
&nbsp; 
“The penthouse sale is a strong endorsement of the quality we have delivered, alongside our partners, and the clear demand from local downsizers for premium, boutique residences in this location,” Perilli said.&nbsp; 
&nbsp; 
“Most importantly, we’re proud to see the Alex &amp; Willow community beginning to take shape. As we move closer to completion, we’re looking forward to welcoming residents and seeing the project come to life.”&nbsp;

[smartcode_project:default project_id=6680 project_image_fid=338516] 
&nbsp; 
Designed by <a href="https://www.apartments.com.au/architects/nettletontribe">Nettleton Tribe</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/richards-stanisich">Richards Stanisich</a>, Alex &amp; Willow is a boutique collection of generously sized two- and three-bedroom residences in the heart of Crows Nest village.&nbsp;

Completion is slated for early 2027.

[smartcode_project_cta:default project_id=6680]

Alex & Willow, Crows Nest penthouse sells off the plan for $6.5 million

Fresh from launching the first stage of its Wollongong precinct, <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place</a>, builder-developer Urban Property Group has unveiled plans for the next phase of the masterplanned community.

Now on public exhibition through the NSW Government's Housing Delivery Authority pathway is a State Significant Development Application for a further 657 homes on the prominent gateway site opposite Beaton Park.

The proposal comprises three buildings, including two build-to-sell towers rising 25 and 30 storeys, delivering 391 apartments, alongside a 12-storey co-living building with 266 residences, making it one of the largest co-living proposals currently planned in regional New South Wales.

Of the apartments proposed in the build-to-sell towers, the majority, 310, are two-bedroom dwellings. The balance comprises 44 one-bedroom apartments and 37 three-bedroom residences. Apartment sizes range from around 50 sqm for one-bedroom homes to approximately 90 sqm for three-bedroom apartments.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="19347059-1612-41a0-9c74-b86a657237f8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%2010.02.18%E2%80%AFAM.png?VersionId=sWXnaCcA.cIC6N8YT1dg5pJ2e1V3Z6z7" />

The submission says the proposal has evolved significantly from its original Housing Delivery Authority application following extensive consultation with the State Design Review Panel and Wollongong City Council.

The final scheme has been designed to align with the emerging vision for the Flinders Street Precinct, an area identified by Council as a future high-density mixed-use neighbourhood capable of accommodating substantial housing growth close to transport, employment and community infrastructure.

According to the design report prepared by COX Architecture, the development aims to "deliver a built outcome consistent with the future character of the Wollongong CBD while responding to the site's unique constraints and opportunities."

"Our vision for the next phase of the site evolution in Wollongong is grounded in three design pillars that guide the design response: place, natural environment and celebration," COX said.

"Inspired by its surroundings and grounded in the stories of place on Wodi Wodi Country, the design proposal acknowledges the established character of its setting while creating a unique and timeless identity that sits harmoniously within it.

"The design proposal responds to its specific site conditions, acknowledging the vegetation, climate, wind conditions and solar access of the site."

The architecture responds directly to the site's position between Wollongong's urban core and its natural landscape setting.

COX identified views towards Mount Keira and the Illawarra Escarpment as defining features of the site, while the upper levels of the towers will also capture expansive views across the city and out to the Pacific Ocean.

The design team has positioned the tallest buildings closer to the rail corridor, where overshadowing impacts can be better managed while establishing a landmark built form on the northern approach into the city.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="79580d5b-500c-4ebf-9629-797146a4a694" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%209.51.59%E2%80%AFAM.png?VersionId=WbTB1EKSG.KDfsfz0F3wp1QVa2oCMGR5" />

Urban Property Group secured the 11,000 sqm Smith Street site in 2022 and has since progressed plans for the broader Keira Place precinct.

Construction recently commenced on the first stage of Keira Place, which will deliver 150 apartments across two residential buildings, including 27 affordable housing apartments and 18 specialist disability accommodation dwellings, alongside activated ground-floor retail and commercial space.

Urban Co-CEO Patrick Elias said the commencement of construction marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/groundbreaking-marks-start-of-construction-at-keira-place-in-wollongong-cbd">Groundbreaking marks start of construction at Keira Place in Wollongong CBD</a>

&nbsp;

&nbsp;

&nbsp;

Urban Property Group unveils trio of towers for next stage of new Wollongong precinct, Keira Place

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.

[smartcode_project:default project_id=106713 project_image_fid=171917]

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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j.ballantyne1990-6AQqhLzZaK

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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jrobinson-rf4aSBido9

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]

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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. 
<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/2020/6/15/blackburn%201.jpg" alt="">
"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. 
<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/2020/6/15/mount%20waverley.jpg" alt="">
"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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