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

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<a href="/new-apartments/island-house-richmond-23-29-bridge-road-richmond">Island House</a>, as the name suggests, is a boutique development on a highly coveted island section which borders the prestigious neighbourhood of East Melbourne and Melbourne’s vibrant suburb of <a href="/new-apartments/richmond-vic-3121">Richmond</a>. The limited collection of homes features seven luxury residences and three full-floor penthouses, all of which boast stunning vistas of the surrounding parklands and a bird’s eye view of Melbourne’s iconic cityscape. Situated within a low-rise heritage precinct means that residents can enjoy uninterrupted views year-round.

The development, to be delivered by <a href="/developers/volume-projects">Volume Projects</a>, has been designed by the talented team at <a href="/architects/pitch-architecture-developments">Pitch Architecture</a> and features carefully considered interiors by award-winning designer, Fiona Lynch. Meticulously crafted interiors bring to life the vision of encompassing all aspects of a calming, tranquil oasis and include soft, organic timber and natural stone textures. All apartments offer plenty of built-in storage and floor-to-ceiling windows for ample light flow throughout every home. 

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/island-house-inset-3.jpg" rel="gallery-all" title="Island House apartment bedroom. Image supplied."><img alt="" class="image-article-full-width-580px" height="248" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/island-house-inset-3.jpg?itok=A5Vt0ZuN" title="Island House apartment bedroom. Image supplied." width="580"></a>

<figcaption>Island House residence bedroom. Image supplied.</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/island-house-inset-2.jpg" rel="gallery-all" title="Island House apartment kitchen. Image supplied."><img alt="" class="image-article-full-width-580px" height="248" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/island-house-inset-2.jpg?itok=AaHiqjS4" title="Island House apartment kitchen. Image supplied." width="580"></a>

<figcaption>Island House residence kitchen. Image supplied.</figcaption></figure><h2>PENTHOUSES</h2>

The penthouses of Island House bring a new vision of statement living to East Melbourne, which is evident from the moment buyers step into their private lobby. Each of the three hyper-luxury homes contains a double-sided feature fireplace, a sophisticated bar area, dedicated wine fridge, 360º panoramic views and opulent vaulted ceilings. Buyers will also be invited to customise their apartments to suit their requirements and personal style.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/int_u5-1_kitchen_final.jpg" rel="gallery-all" title="Island House Penthouse kitchen. Image supplied."><img alt="" class="image-article-full-width-580px" height="181" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/int_u5-1_kitchen_final.jpg?itok=_9QMeLRT" title="Island House Penthouse kitchen. Image supplied." width="580"></a>

<figcaption>Island House penthouse kitchen. Image supplied.</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/int_u5-1_ensuite_final_1.jpg" rel="gallery-all" title="Island House Penthouse bathroom. Image supplied."><img alt="" class="image-article-full-width-580px" height="580" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/int_u5-1_ensuite_final_1.jpg?itok=evarVsC-" title="Island House Penthouse bathroom. Image supplied." width="580"></a>

<figcaption>Island House penthouse bathroom. Image supplied.</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/int_u5-1_living_final.jpg" rel="gallery-all" title="Island House penthouse living room"><img alt="" class="image-article-full-width-580px" height="145" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/int_u5-1_living_final.jpg?itok=KZyfh4u1" title="Island House penthouse living room" width="580"></a>

<figcaption>Island House penthouse living room</figcaption></figure><h2>LOCATION</h2>

Just 1.5 kilometres from Melbourne’s CBD, Island House provides the perfect retreat from city life, while being centrally located for effortless accessibility. Situated within walking distance to Melbourne’s landmark sporting and entertainment precinct, residents will love exploring all that the neighbourhood has to offer, as well as enjoying sports games and concerts at the MCG and Rod Laver Arena. 

In addition to Island House’s excellent walkability, residents will also be able to access multiple pockets of the city via the world-class tram and train network right at Island House’s doorstep. 

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/island-house-slider-1-1.jpg" rel="gallery-all" title="Island House location. Image supplied."><img alt="" class="image-article-full-width-580px" height="300" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/island-house-slider-1-1.jpg?itok=dCr36Hpu" title="Island House location. Image supplied." width="580"></a>

<figcaption>Island House location. Image supplied.</figcaption></figure><h2>THE DETAILS</h2>

On offer is a selection of 1, 2 and 3-bedroom apartments, available by private sale from $570,000. Entire-floor luxury penthouses are currently available from $5 million. 

Viewings are now available to interested buyers upon appointment. 

Would you like to learn more about Island House or book a display suite tour? <a href="/new-apartments/island-house-richmond-23-29-bridge-road-richmond">Reach out to the sales agent here</a>.
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Olivia Round

Introducing Island House: Customisable bespoke apartments in a sought after East Melbourne locale

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During 2019, Melbourne’s property market has had a firm correction following a brief period of recession, according to the latest Herron Todd White (HTW) residential report. 
The report notes listed prices and clearance rates rose again after showing reminiscent signs of the period of prosperity Melbourne experienced from 2014 to mid 2017.
"This month we are looking at some of the most ostentatious listings and palatial homes in the eastern suburbs of Melbourne," the valuation firm said. 
"Blue-chip suburbs such as Hawthorn are known for offering a grand lifestyle and it is easy to see why when you see its homes and apartments of an elite calibre, however the home pictured below would better fit the category of a manor."
<a href="https://www.realestate.com.au/property-house-vic-hawthorn-130010414" target="_blank">18-20 Shakespeare Grove, Hawthorn </a>(pictured above) has been listed on the market since 28 November 2018.
The last known sale price was $19.8 million on 5 May 2014.
It is currently being listed by RT Edgar Toorak and they have listed the property with an indicative selling price of $45 million.
"With nine bedrooms, seven bathrooms and an underground garage capable of housing up to 10 cars, it has an impressive resume," the valuation firm said.
"Set on 4,251 square metres in one of Melbourne’s most elite locations and sought after enclaves, Shakespeare Grove, the property is admired and timeless." 
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/11/20/kew.jpg" alt="">
The report notes just around the corner from Hawthorn is Kew, a suburb of similar calibre and filled with beautiful homes often listed for multiple millions of dollars.
A home currently listed by RT Edgar Toorak is <a href="https://www.realestate.com.au/property-house-vic-kew-132127918" target="_blank">107 Sackville Street, Kew</a> (pictured above).
Set on 1,179 square metres and featuring five bedrooms, four bathrooms and three-car parking spaces, the indicative selling price is $6 million to $6.6 million.
"While it is a bit more reserved and subtle than the property shown above, there is no disregarding its great location on one of the most desirable roads in Kew," HTW said. 
"Originally built in 1920, the home has been renovated extensively on the inside and has had cosmetic work completed on the outside to restore the look of the home.
"This is a unique and valuable home in which to raise a family, entertain guests and enjoy a luxurious lifestyle."
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/11/20/wonga%20park.jpg" alt="">
Wonga Park is located 28 kilometres north-east of Melbourne’s CBD.
The suburb features semi-rural properties with large land sizes and grandiose homes.
<a href="https://www.realestate.com.au/sold/property-house-vic-wonga+park-130910614" target="_blank">134 Jumping Creek Road, Wonga Park</a> (pictured above) sold for $2.47 million on 13 May 2019.
Set upon four hectares of land, the property is comprised of seven bedrooms, seven bathrooms and 11 car parking spaces over three storeys on a triangular-shaped allotment.
"The house’s features look more like a forest getaway than a home," the valuation firm said. 
Built originally in 1970, the house was updated with a brand-new kitchen, living and dining areas in February 2006.
"The previous owners did a great job maintaining the exposed brick look in sections of the home to complement the renovations excellently," the valuation firm added. 
Having been sold previously on 27 November 1999 for $610,000, the house has quadrupled in value in the past 20 years.
The home is located an hour’s drive from the city and has connecting roads to access Yarra Valley’s wine region and Victoria’s alpine areas.
"This is a home suited for a family looking to settle into third gear and enjoy being away from the hustle and bustle that the fast-paced inner eastern suburbs offer." 
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j.ballantyne1990-6AQqhLzZaK

Eastern Melbourne prestige market showing signs of prosperity returning: HTW residential

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The 11th floor sub penthouse apartment at 150 Clarendon, encompassing more than 1,400 square metres of space, has been repriced down from its initial $46 million asking price.

On its May listing The Herald Sun reported the price was "unbelievable." The Age suggested the eye-watering price guide was seen as “fairly strong” by one buyers’ agent.

The price guidance has been dropped to $36 million to $39,600,000, in the statement of information advisory posted in mid-August.

Despite the white flag being flown, The Age reported its new price is "still pretty strong."

It is not the penthouse which was retain by the Salta development company Tarascio family who sold the sub-penthouse apartment off the plan in 2007 for $19.4 million.

It replaced the former Mercy Hospital.

Positioned overlooking Fitzroy Gardens with three-metre ceilings, <a href="https://whitefoxrealestate.com.au/property/1101150-clarendon-street-east-melbourne/" target="_blank">the home has enormous proportions</a>.

<img alt="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/5/16/Clarendon3.jpg">

It has an open-plan kitchen and living area, complete with a large marble island bench, Miele appliances, triple oven and a walk-in butler’s pantry.

The living areas open up for inside-outside entertaining and living.

The master bedroom is a hidden retreat with north and east-facing views to maximise sunrise and morning light.

It comes with what's marketed as a "decadent" ensuite with spa.

<img alt="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/5/16/Clarendon1.jpg">

There is a private west-facing office, study, a further three bedrooms with ensuites, private cinema, bar, and meditation room.

The marketing includes a video of the vendor, <a href="https://whitefoxrealestate.com.au/video/" rel="noreferrer noopener" target="_blank">Margaret Lou</a> who called the home “one of the best apartments in the world”.

“I looked everywhere, London, New York, Los Angeles, Shanghai, Beijing, everywhere,” Ms Lou said.

The property is held in the name of Hong Kong-based corporate vehicle Lou Property Holdings Ltd and settled in 2010 for $19,359,200.

<img alt="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/5/16/Clarendon4.jpg">

She plans to buy back into Melbourne later, possibly even the same apartment down the track, at double the price.

A Melbourne project on St Kilda Road, The Muse, has its OTP penthouse priced at $45 million.

The penthouse in Tim Gurner’s Saint Moritz project in St Kilda had an asking price of $30 million before being snapped up by property publishing entrepreneur Antony Catalano.

The highest confirmed apartment sale price in Melbourne is the yet to be completed $25 million penthouse of Australia 108.

<h2 class="p1">VIC properties selling now:</h2>

[smartcode_project:default project_id=3490]

[smartcode_project:default project_id=22803]

[smartcode_project:default project_id=3783]

 
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The 1101/150 Clarendon Street, East Melbourne sub-penthouse repriced $10 million less than initial $46 million hopes

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Retail space has become available in the historic Tasma Terrace headquarters of the National Trust.
The Trust occupies large office across level two of the six-terrace three-storey row.
It has yielded vacant space on the ground and first floors.
The premises are known as 10 and 12 Parliament Place, suitable for retail and commercial operators.
There is a 46 sqm ground floor space.
The 57 sqm first floor at No.10 and the former storage 103 sqm ground and first floor storage space at No.12 are available.
The boutique terrace-style offices feature original trimmings, high ceilings, and a large glass atrium at the rear.
It overlooks Burton Reserve towards Parliament House.
The space is likely to garner between $575 and $600 a sqm.
Tasma Terrace also boasts a gallery, meeting and function rooms.
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The total site comprises of six terraces.
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Mr Tod cafe operates from the basement.
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Tasma Terrace was built in 1879 for grain merchant George Nipper as a stylish guest house and family home.
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Situated in one of Melbourne’s most desired city fringe locations, it is within close proximity to Spring Street, Collins Street and the CBD. 
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East Melbourne has the tightest non-CBD office market in the country, according to the most recent data from the Property Council of Australia, with a vacancy rate of just 2%.
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Space for rent in historic Tasma Terrace, Parliament Place Melbourne

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Bates Smart has completed its co-working space at Hub Parliament Station on Nicholson Street, East Melbourne.
Spanning 2,775 sqm, Hub Australia’s latest Melbourne venture occupying the top three floors (levels 16 to 18) of the iconic ICI House is currently known as Orica House.
The Hub Parliament Station interior is inspired by its base building’s mid-century classic design with a Palm Springs-like influence.
Bates Smart Director, Kellie Payne said, “The building is open and invites natural light with the most incredible views of Melbourne with aspects that overlooks the Parliament Gardens and the top-end of Spring Street, and the other over the Carlton Gardens with the Royal Exhibition Building in the background."
<img src="https://www.urban.com.au/images/2019/7/16/east%20mel%202.png" alt="">
Accommodating over 500 members, the new co-working space includes a café, integrated barista bar/hot desks, a boardroom, large serviced meeting rooms, private offices that can be open or screened, member kitchen and lounge, fitness centre, parent and wellness rooms and a media hub.
The work-zone spine runs centrally through each floor, made up of a series of flexible, open-plan workspaces, breakout zones and dedicated rooms.
Elements of the original documentation of the base building have been incorporated within Hub Australia’s new workspace. 
Breezeblocks are used throughout, in screens, walls and joinery, referencing the existing concrete waffle slab and ground floor lobby brickwork.
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Bates Smart completes new co-working space in East Melbourne

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Off-shore investors are making a lot of investments across Melbourne’s eastern corridor property market, with more than $1 billion in acquisitions over the last five years, according to CBRE.
Director Investments, Mark Wizel, said the off-shore buyers accounted for marginally under 50 per cent of buyers (116) of the 234 properties, which sold through CBRE alone, for a total of $2.43 billion over five years from 2014.
Mr Wizel said the bulk of the acquisitions had been sub $30 million however the list included two major acquisitions - the Burwood One Shopping Centre ($181.5m) (pictured in title) which sold to a Hong Kong investor, and 353-383 Burwood Hwy, Forest Hill which was purchased at an undisclosed price by a Chinese buyer.
According to a Fairfax media study from August 2017 based on data from the 2016 Census, the eastern suburbs, and particularly Glen Waverley and Box Hill, are dominated by Chinese migrants as the second most populous group after Australian born residents. In Box Hill, near the centre of the eastern corridor, almost 30 per cent of the population was born in China.
Some of the most recent sales to off-shore investors include:
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<li>12 Lakeside Drive, Burwood East - $25.5m;</li>
<li>Maroondah Shopping Centre - $18.8m;</li>
<li>941-947 Whitehorse Rd, Box Hill - $13.3 million;</li>
<li>60-62 Maroondah Hwy, Ringwood - $28.3m; and,</li>
<li>42-50 Burwood Hwy, Burwood East - $18.17m.</li>
</ul>
Mr Wizel said, "I expect an equally strong response from the international investment community to several investment opportunities currently on the market including iProsperity Group’s Century City Walk Shopping Centre and the adjoining 200-room Novotel Melbourne hotel on Springvale Road, Glen Waverley."
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Off-shore investors spent over $1 billion in Melbourne’s east

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The Northcote-based former ALP politician turned private citizen David Feeney and his lawyer wife Liberty Sangar have sold their East Melbourne investment apartment for $3.9 million.
They had been asking $4 million to $4.4 million for the apartment in the 150 Clarendon block when it was listed back in February.
It has a 25 metre entertainers terrace with views across Fitzroy Gardens.
They paid $2,875,000 in 2007, a year before Feeney was elected Labor member for Batman in Melbourne's north.
In 2016 Feeney was caught in a controversy over his declaration of his property interests, which briefly morphed into a political attack over Labor's negative gearing policy.
Fennel, a fellow at the Australian Strategic Policy Institute think tank, studying a PhD at university.
The Clarendon Street block's sub-penthouse was listed this week with $46 million hopes.
This article was first published in the Weekend Australian.
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David Feeney and Liberty Sangar secure 150 Clarendon, East Melbourne apartment sale

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The 11th floor apartment at 150 Clarendon, encompassing more than 1,400 square metres of space, has been listed for sale at $46 million.
The Herald Sun reports the price was "unbelievable." The Age suggested the eye-watering price guide was seen as “fairly strong” by one buyers’ agent.
It is not the penthouse which was retain by the Salta development company Tarascio family who sold the sub-penthouse apartment off the plan in 2007 for $19.4 million.
It replaced the former Mercy Hospital.
Positioned overlooking Fitzroy Gardens with three-metre ceilings, <a href="https://whitefoxrealestate.com.au/property/1101150-clarendon-street-east-melbourne/" target="_blank">the home has enormous proportions</a>.
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It has an open-plan kitchen and living area, complete with a large marble island bench, Miele appliances, triple oven and a walk-in butler’s pantry.
The living areas open up for inside-outside entertaining and living.
The master bedroom is a hidden retreat with north and east-facing views to maximise sunrise and morning light.
It comes with what's marketed as a "decadent" ensuite with spa.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/5/16/Clarendon1.jpg" alt="">
There is a private west-facing office, study, a further three bedrooms with ensuites, private cinema, bar, and meditation room.
The marketing includes a video of the vendor, <a href="https://whitefoxrealestate.com.au/video/" target="_blank" rel="noreferrer noopener">Margaret Lou</a> who called the home “one of the best apartments in the world”.
“I looked everywhere, London, New York, Los Angeles, Shanghai, Beijing, everywhere,” Ms Lou said.
The property is held in the name of Hong Kong-based corporate vehicle Lou Property Holdings Ltd and settled in 2010 for $19,359,200.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/5/16/Clarendon4.jpg" alt="">
She plans to buy back into Melbourne later, possibly even the same apartment down the track, at double the price.
AMelbourne project on St Kilda Road, The Muse, has its OTP penthouse priced at $45 million.
The penthouse in Tim Gurner’s Saint Moritz project in St Kilda had an asking price of $30 million before being snapped up by property publishing entrepreneur Antony Catalano.
The highest confirmed apartment sale price in Melbourne is the yet to be completed $25 million penthouse of Australia 108.
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The 1101/150 Clarendon Street, East Melbourne sub-penthouse listed at $46 million

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An East Melbourne cottage has been listed for sale at $3.75 million after quite a designer transformation.
The home last traded as a modest 1890s cottage in 2013 before the $1.38 million buyer commissioned David Lennox Architect to extend the home and building a rear second level.
Keeping the traditional facade, the entry level holds the four bedrooms, and a quiet courtyard with a swim spa pool. 
The home now occupies the majority of its 275 sqm Darling Street parcel.

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The main living space is located upstairs to take advantage of its position on Darling Square, the English style square that dates back to colonial times.
The living, kitchen and dining space opens to a rooftop entertaining area with outdoor kitchen.
Lukas Partners handled the designer interiors. 
Paul Caine and Alex Subotsch at Caine Real Estate Melbourne had given a $3.85 million to $4.2 million price guide for its intended March 23 auction.
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East Melbourne designer cottage listed for sale

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Having secured a permit for a commercial development at 200 Victoria Parade, East Melbourne, joint venture partners <a href="/developers/time-place">Time &amp; Place</a> and <a href="/developers/golden-age-group">Golden Age Group</a> have launched the $280 million project as Victoria Place.

Designed by <a href="/architects/fjmt">FJMT</a>, Victoria Place comprises approximately 26,000 sqm of net lettable area (NLA) and includes world-class end-of-trip facilities, a sky terrace, expansive city views and a collection of retail, café and associated amenities. The development team engaged FJMT for the project based on its expertise in delivering high-quality commercial developments such as 200 George Street and Liberty Place in Sydney.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/time_and_place_200victoriapde_balcony_render_sr.jpg" rel="gallery-all" title="Victoria Place has been designed with tenant well-being at the forefront. Image: Time &amp; Place"><img alt="" class="image-article-full-width-580px" height="363" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/time_and_place_200victoriapde_balcony_render_sr.jpg?itok=APcOeKUx" title="Victoria Place has been designed with tenant well-being at the forefront. Image: Time &amp; Place" width="580"></a>

<figcaption>Victoria Place has been designed with tenant well-being at the forefront. Image: Time &amp; Place</figcaption></figure>Time &amp; Place Property was founded by experienced developer, Tim Price in early 2015 and has grown to now manage more than $3.5 billion worth of projects across the eastern seaboard. With Victoria Place, Time &amp; Place celebrates its 8th venture in property development, with more than 18 projects already under management.

Golden Age Group’s diverse development portfolio of residential and commercial has an estimated value of $4.2 billion with another $1.5 billion worth of projects in the pipeline. The developer is responsible for Melbourne CBD’s tallest residential building - <a href="/buildings/victoria-one-452-472-elizabeth-street-melbourne">Victoria One</a>, the world’s fourth slimmest building - the under construction <a href="/buildings/collins-house-melbourne-460-466-collins-street-melbourne">Collins House</a>, and <a href="/developments/melbourne-vic-3000">85 Spring Street</a> - currently at sales.

Upon completion, Victoria Place will provide a focus on wellness, targeting a 5-star Green Star office design, a 4.5-star NABERS (National Australian Built Environment Rating System) and 4.5-star WELL™ rating by the International WELL Building Institute; including fitness and lifestyle amenities such as 160 bicycle spaces, 22 showers, 308 lockers and a bike repair station.

According to Golden Age Group, the CBD’s historic low commercial vacancy rates and tightening of lending to residential buyers had created a favourable environment for the developer to focus on expanding its commercial portfolio. Time &amp; Place expects Victoria Place to "(raise) the bar for workplace design in Melbourne", via leading sustainability and productivity amenities.

Colliers International are managing the sales and leasing campaign, noting the strength of the East Melbourne commercial market is on the rise. An Expression of Interest process has been launched with more information available at: http://www.victoriaplace.com.au/

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/time_and_place_200victoriapde_foyer_render_sr.jpg" rel="gallery-all" title="Victoria Place's expansive, light-filled lobby. Image: Time &amp; Place"><img alt="" class="image-article-full-width-580px" height="416" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/time_and_place_200victoriapde_foyer_render_sr.jpg?itok=mamdoRpo" title="Victoria Place's expansive, light-filled lobby. Image: Time &amp; Place" width="580"></a>

<figcaption>Victoria Place's expansive, light-filled lobby. Image: Time &amp; Place</figcaption></figure><h2>What they say...</h2>

<blockquote>
The building offers natural light on three sides across generous floor plates between 2,100sqm and 2,750sqm. The lift core and floor plate are designed to allow for customisation, modern activity-based workplace designs and inter-floor vertical communities.

The site is positioned at the entry post from East Melbourne to the CBD, with the picturesque Fitzroy Gardens and the vibrant northern suburbs at its doorstep. It also boasts prime connections to public transport with a tram stop at the front door and Parliament Train Station a short five-minute stroll away.

The building will also be in the unique position to offer extensive car parking in a three-level basement accessed from Lansdowne street frontage. With the CBD on one side, the best of Fitzroy’s food on the other and direct access to the city’s best parks and gardens and the MCG sporting precinct, this is arguably the best office location in the city.

- Tim Price, founder and director of Time &amp; Place
</blockquote>

 

<blockquote>
We are proud to be co-developing alongside long-time collaborators Time &amp; Place on this benchmark project for Melbourne workplace design. As a nimble developer, we can quickly change our approach based on the strongest asset class at the time. As the conditions become favourable in the commercial market, we have moved quickly to solidify our position.

- Jeff Xu, Golden Age Group founder and managing director
</blockquote>

 

<blockquote>
The tightening office availability in the CBD speaks for itself. Further, the number of enquiries we have received has almost tripled for East Melbourne when comparing June YTD 2018 data to June YTD 2017; and we’re seeing almost 10 times more interest in terms of the amount of space asked for, due to larger requirements in the market and a desire to be situated on the literal CBD fringe.

- Andrew Beasley, Colliers International
</blockquote>
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