Buying into a masterplanned community often means committing to a vision still years from taking shape. At <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a>, that vision is already visible.

Residents have moved into the completed first stage, landscaped spaces are established, and the next chapter is now underway. Stage 1 has been completed and settled, with Stage 2 now selling off-the-plan.

Designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a>, <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> combines attainable apartment living with sustainability initiatives rarely seen at this price point, including rooftop solar, battery storage and a resident EV-sharing program.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/6RNt3AvtBpI?si=JUhuCV2ZRXsYaoJZ" title="YouTube video player" width="560"></iframe>

Located on Schofi​elds Road, just moments from Tal​lawong Metro Station and Schof​ields Train Station, <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> has been designed to appeal to a broad mix of buyers, from first-home purchasers looking for a foothold in Sy​dney's property market to downsizers seeking a connected, low-maintenance lifestyle.

<a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> has been conceived as a thoughtfully planned masterplanned community that will evolve over multiple stages, with buyers now able to secure one, two and three-bedroom apartments within a neighbourhood that is already beginning to establish its identity.

One of the project's defining features is its focus on sustainability. Solar energy systems, battery storage and future EV charging infrastructure have been incorporated throughout the development, reflecting a long-term approach to both environmental performance and everyday convenience.

Sustainability sits at the centre of the development's vision, with solar energy systems, battery storage and future EV charging infrastructure integrated throughout the community.

That emphasis on future-ready living extends beyond the technology. Landscaped communal gardens, outdoor gathering spaces and plans for a future retail precinct aim to create a neighbourhood where residents can access daily conveniences without travelling far from home.

[smartcode_project:default project_id=149637 project_image_fid=351027]

The apartments themselves have been designed with liveability front of mind. Rather than chasing maximum density, the focus has been placed on creating practical homes with generous natural light, usable layouts and strong connections to outdoor space.

Importantly, these design principles have been applied consistently across the one, two and three-bedroom apartment offerings.

The appeal of <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> is also closely linked to its location within Syd​ney's rapidly evolving north-west growth corridor. Over the past decade, major infrastructure investment has transformed the area, with new transport links, business precincts and community facilities reshaping suburbs like Talla​wong and Schofiel​ds.

The agent says buyers are increasingly recognising the area's long-term potential.

"Typical buyers that we're finding across <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> especially are your first-home buyers, your investors, your upsizers as well as your downsizers," Hawes says.

Connectivity remains one of the project's strongest drawcards. Residents have access to both Tallaw​ong Metro Station and Schofi​elds Train Station, providing links to the Sydn​ey CBD, Norw​est Business Park, Macquari​e Park and other major employment hubs. Retail centres including Rous​e Hill Town Centre and Sch​ofields Village are also nearby, alongside schools, parks and future healthcare infrastructure.

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For Stage 1 resident Roji, it is the balance between convenience and comfort that has defined the experience of living at Kew.

"For me, it's a balance of quality and convenience," she says. "Everything I need is right here."

"If I wanted to catch the train, Scho​fields Station is just around the corner. Tallaw​ong Metro connects me to the city."

More importantly, she says, the development has delivered something that cannot be measured in floorplans or specifications.

"<a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> feels like home."

[smartcode_project:default project_id=149637 project_image_fid=351024]

As Stage 2 enters the market, that lived experience may be one of the project's strongest selling points. Buyers are not purchasing into an untested concept or a future promise. They are joining a community that is already taking shape.

Ongoing investment in transport, retail, healthcare and public open space continues to strengthen the appeal of Syd​ney's north-west growth corridor, while <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a>'s established first stage provides buyers with a tangible sense of the community's future direction.

For a limited time, buyer can secure a new home at <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> with just a $10,000.

[smartcode_project_cta:default project_id=149637]

Joel Robinson

Kew Tallawong: A growing community taking shape in Sydney's north-west

<a href="https://www.apartments.com.au/developers/freecity">Freecity</a> has received development approval for its 51-storey mixed-use tower at 153-157 Walker Street, North Sydney, set to be one of the tallest mixed-use residential-led buildings in one of Sydney’s most sought-after commercial and residential addresses.

Lodged as a State Significant Development Application (SSDA) through the Housing Delivery Authority (HDA) pathway and approved by the NSW Department of Planning, Housing and Infrastructure following a comprehensive public exhibition and submissions process, <a href="https://www.apartments.com.au/new-apartments/153-walker-street-north-sydney-nsw-2060">the project</a> will deliver 296 apartments, alongside a 170-room, luxury hotel, activated retail and significant public domain improvements.

Situated just 200 metres from Victoria Cross Metro Station, on one of the largest developable sites in North Sydney, the development will rise to 234 metres, making it one of the tallest buildings in the suburb. With an end value of approximately $1.5 billion, the project responds directly to the NSW Government’s mandate to accelerate housing delivery in well-located, transit-connected areas.

<img alt="Freecity gets green light for mixed-use residential and hotel tower in North Sydney" data-entity-type="file" data-entity-uuid="192ec455-94bf-4e01-83ef-922b1b269d67" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Freecity%20-%20Walker%20Street%20North%20Sydney%201%20RESIZED%20.jpg?VersionId=Bzqp0SBHCDvLAHjA4QXkjuGoOEIh73Jl" />

The apartment mix will cater to a broad range of buyers, with 65 studio and one-bedroom apartments, 139 two-bedroom residences, 35 three-bedroom apartments, 48 four-bedroom homes, and nine penthouses. Residents will have access to a dedicated amenity level on Level 33, featuring a swimming pool with views towards the Harbour Bridge, Sydney Opera House and North Sydney CBD, as well as a gym, library, shared kitchen, lounge and outdoor entertaining areas.

The hotel will occupy the lower six levels of the building and include meeting and function spaces, a wellness centre with gym, yoga studio, swimming pool and sauna, further strengthening North Sydney's growing hospitality offering.

At ground level, the development has been designed to improve pedestrian connections through the precinct. More than 700 sqm of retail space will activate the street frontage, while a landscaped through-site link connecting Walker Street, Little Walker Street and Doris Fitton Park will provide new public open space with seating, paving and extensive native landscaping.

Freecity Group Co-Founder and Joint CEO Tony Sun said the project represents one of the most significant development opportunities currently available in North Sydney.

"This is one of the most significant development sites in North Sydney and it comes at a pivotal moment for the precinct," Sun said.

"North Sydney is undergoing a genuine transformation, and this project will contribute housing the city urgently needs while creating a landmark destination."

Executive Director of Development Michael Romano said demand for both residential and hotel accommodation would continue to strengthen as the Metro precinct matures.

"The structural demand for high-quality housing and hotel accommodation in North Sydney is compelling, and will only grow as the precinct continues to evolve around the new Metro station," Romano said.

Architectus has designed the tower, orientating the apartments to maximise views towards Sydney Harbour while introducing a sculpted façade intended to respond to light, wind and the surrounding skyline.

Architectus Principal Marko Damic said the design sought to create a tower that contributes to the public realm as much as the skyline.

"We wanted to design a tower that doesn't just sit in the skyline but actively participates and contributes to city life," Damic said.

First look: Freecity gets green light for mixed-use apartment and hotel tower in North Sydney

<a href="https://www.apartments.com.au/developers/abadeen">Abadeen</a> and <a href="https://www.apartments.com.au/developers/perifa">PERIFA</a> have celebrated the topping out of <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf,</a> marking a significant milestone in the delivery of one of Syd​ney's most anticipated waterfront communities.

Located on Sydney's harbourfront at <a href="https://www.apartments.com.au/developments/putney-nsw-2112">Putney</a>, the project has now reached its highest structural point, with construction progressing strongly towards completion in 2027. 
&nbsp; 
The milestone was celebrated on-site with project partners Phoenix Property Investors, Mitsubishi Estate Asia, Versatile Construction, <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, consultants and stakeholders, to recognise the collective effort behind the transformation of the historic waterfront site into a vibrant new residential, marina and lifestyle destination.

[smartcode_project:default project_id=13962 project_image_fid=362240] 
&nbsp; 
<a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> will deliver a mix of waterfront residences and terraces, complemented by a private 36-berth marina, waterfront dining opportunities and a revitalised foreshore designed to reconnect the community with the river's edge. 
&nbsp; 
Abadeen Executive Chairman and Founder Justin Brown said the project represented a rare opportunity to create the next chapter in Sydn​ey's long history of successful waterfront precincts. 
&nbsp; 
"Throughout Sydney, some of the city's most sought-after addresses have emerged from carefully considered waterfront precincts such as Woolloom​ooloo Wharf, Walsh Bay and Breakfast Point," Brown said.

[smartcode_project:default project_id=13962 project_image_fid=362566] 
&nbsp; 
"What makes these places so successful is that they become much more than residential developments," Brown said.

"They bring together homes, hospitality, marina facilities, public spaces and a strong sense of community in locations where future supply is incredibly limited."

Brown has long described absolute waterfront land in Sy​dney as "finite."

"Once these opportunities are developed, they are rarely replicated. That's why Syd​ney's waterfront precincts have consistently demonstrated strong demand and long-term value growth over many decades. 
&nbsp; 
"<a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> is one of the few remaining opportunities to secure a residence within a masterplanned waterfront community that combines direct water access, marina ownership opportunities and a genuine village lifestyle just moments from the Sy​dney CBD."

[smartcode_project:default project_id=13962 project_image_fid=362564] 
&nbsp; 
PERIFA Founder and Managing Director Fabrizio Perilli said the project reflected a shared commitment to delivering exceptional places that create long-term value for residents and the broader community. 
&nbsp; 
"The topping out milestone is a significant achievement for the Versatile Group and a testament to the collaboration between all project partners, consultants and contractors involved," Perilli said. 
&nbsp; 
"Beyond the residences themselves, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> will establish a new waterfront destination that celebrates the history, character and lifestyle of this unique location while creating a lasting legacy for future generations."

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&nbsp; 
Construction is being delivered by <a href="https://www.apartments.com.au/builders/versatile">Versatile Construction</a>, with structural works now substantially complete across the precinct. Attention will progressively shift to the construction of the waterview terraces, apartment façades, services and interior fit-out works over the coming months. 
&nbsp; 
With limited residences and marina berths remaining, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> continues to attract strong interest from owner occupiers and downsizers seeking a premium waterfront lifestyle within close proximity to Putne​y Village, Rh​odes, Top Ry​de and the Syd​ney CBD. 
&nbsp; 
As one of the last opportunities to secure a residence within a new masterplanned waterfront community on Sy​dney Harbour, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> is expected to remain a highly sought-after address for years to come.

[smartcode_project_cta:default project_id=13962]

Abadeen, PERIFA, top out Putney Wharf harbourfront precinct

Kew has long been regarded as one of Melbourne's premier residential suburbs. It's a location defined by its grand period homes, leafy streets and some of the city's most prestigious schools, yet it has often sat just outside the spotlight cast on neighbouring Hawthorn and Camberwell.

Increasingly, however, buyers are recognising that Kew offers much of what draws people to those suburbs, with a quieter residential setting, exceptional amenity and long-term owner-occupier appeal.

Within a few minutes' walk, residents can access Kew Junction, one of Melbourne's most established village centres. Cafés, bakeries, restaurants, supermarkets, boutique retailers and everyday services are all on the doorstep, with local favourites including Centonove, Adeney Milk Bar Cafe, and Frank &amp; Harri creating the type of walkable lifestyle that has become increasingly difficult to find in Melbourne's inner east. Beyond the immediate neighbourhood, Glenferrie Road's renowned shopping and dining precinct in Hawthorn and the retail, dining and entertainment offerings of Camberwell Junction are both just a short drive or tram ride away.

The suburb is equally well connected. Tram routes 48 and 109 provide direct access to the CBD, while High Street and Cotham Road connect residents to the wider inner east.&nbsp;Nearby access to the Eastern Freeway also places the Yarra Valley, Mornington Peninsula and Melbourne Airport within easy reach, adding another layer of convenience for weekend travel.&nbsp;It's a rare combination of connectivity and tranquillity, where quiet residential streets sit just moments from some of Melbourne's most established shopping and lifestyle precincts.

For families, Kew remains one of Melbourne's most tightly held addresses. Carey Baptist Grammar School, Xavier College, Methodist Ladies' College, Trinity Grammar, Ruyton Girls' School and Genazzano FCJ College are all nearby, while the Yarra River parklands, walking trails and sporting clubs provide another layer of lifestyle appeal.

It's within this established pocket that developer Ricdanic is delivering <a href="https://www.apartments.com.au/new-apartments/wimba-ave-kew-9-11-wimba-avenue-kew-vic-3101">Wimba Ave</a>, a boutique collection of just 13 residences across two buildings named after its location on the tree-lined Wimba Avenue,&nbsp;within one of Kew's most prestigious pockets where homes have been known to sell up to and above $8 million.

[smartcode_project:default project_id=140755 project_image_fid=354809]

The residences prioritise the space that buyers are increasingly searching for but struggling to find in established suburbs. Living areas extend beyond five metres in width, ceiling heights range from three to five metres, and apartments open onto private gardens averaging around 125 sqm. Selected residences also feature balconies of approximately 60 sqm, while premium inclusions include Miele appliances, double-glazed windows, EV readiness, fully electric systems and a 7.2 NatHERS energy rating.

Architect Chris Idle says opportunities to deliver homes of this scale within established suburbs have become increasingly uncommon.

"There are very few opportunities to do these kinds of developments in leafy, established suburbs," he says. "To get this level of amenity, natural light, and architectural freedom in such a setting is extremely rare."

[smartcode_project:default project_id=140755 project_image_fid=366267]

The architecture draws on Kew's established character through the use of handmade Krause bricks, while landscaping by John Patrick introduces 23 plant species, including nine native varieties, creating an environment which focuses just as much on nature as it does the building.

Construction on Wimba Ave is well underway by renowned high-end builder Sinjen, with completion expected in late 2027. Prices start from $2.22 million.

[smartcode_project_cta:default project_id=140755]

The enduring appeal of Kew's tree-lined streets and village lifestyle

"For me, it's the location." That was the first thing Chris pointed to when reflecting on why he and his wife Marita decided to purchase at Candela Ivanhoe, the under-construction new apartment development by Salter Brothers in the heart of the north-eastern M​elb​ourne​ suburb. ​

"We've lived here before… everything is here," Chris said.

"Our doctor is around the corner, there's dentists, pilates, everything we need, restaurants, fast food places, two train stations, Ivanhoe and Darebin, both in walking distance. You don't need anything else."

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/X8K0Bozug7A?si=Puwc6vx_ZO0qQZF8" title="YouTube video player" width="560"></iframe>

Just 10 kilometres from Melbo​urn​e's CBD, Ivanhoe combines direct city connectivity with the amenity of an established village community. Residents have access to highly regarded schools, expansive parklands, public transport, and a thriving retail and hospitality precinct centred around Upper Heidelberg Road, all within a neighbourhood that has retained its leafy character despite its proximity to the city.

<a href="https://www.apartments.com.au/new-apartments/candela-ivanhoe-40-upper-heidelberg-road-ivanhoe-vic-3079">Candela Ivanhoe</a> sits within the heart of this established landscape, positioned just moments from Ivanhoe Village and within walking distance of many of the suburb's most sought-after amenities.

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From Candela, residents can access cafés, grocers, wine bars, restaurants and essential services on foot, while Ivanhoe Station and Darebin Station provide direct connectivity across Mel​bour​ne. The development is also surrounded by some of the suburb's best-known lifestyle destinations, including Pinkie, Laurent, Enni, Docasa and Woodfire Pizza e Cucina, alongside Ivanhoe Plaza, Woolworths, pharmacies and specialty retailers.

Green space is another defining feature of the suburb. Darebin Parklands, Ivanhoe Park, Nellie Ibbot Park and the Yarra River trail network provide extensive opportunities for recreation, while Ivanhoe Golf Course and Ivanhoe Tennis Club continue to underpin the area's long-established lifestyle appeal.

The suburb's education offering further strengthens demand. Ivanhoe Grammar School, Ivanhoe Girls' Grammar School, Mary Immaculate Primary School and Ivanhoe Primary School have helped establish the area as one of Melbou​​rne's most sought-after schooling precincts, attracting families and downsizers alike who want to remain connected to the area.

[smartcode_project:default project_id=342 project_image_fid=357510]

While location was the priority for Marita and Chris, the project itself also needed to meet their expectations.

"Whilst location was paramount, I was also looking at design of the environment and Candela ticked every box," Marita said.

"We're just thrilled with our choice."

[smartcode_project:default project_id=342 project_image_fid=336455]

Developed by <a href="https://www.apartments.com.au/developers/salter-brothers">Salter Brothers</a>, Candela Ivanhoe has been designed to complement its village setting, with an emphasis on generous floorplans, natural light and practical everyday living.

Residents will have access to a range of shared amenities, including a communal rooftop garden and dedicated residential lounge, complemented by a ground-floor café and lifestyle wellbeing centre, helping foster the sense of community already emerging among future owners.

That approach has resonated strongly with the market. More than 90 per cent of purchasers at Candela Ivanhoe are owner-occupiers, with buyers ranging from downsizers and second-home buyers to young families and first home buyers, creating a genuinely multi-generational community of grandparents, parents and children. It reflects a broader shift across Melbo​​urne's apartment market, where buyers are increasingly prioritising neighbourhood quality, lifestyle amenity and long-term liveability.

Currently under construction by Ironside, Candela Ivanhoe comprises 58 apartments. Candela Ivanhoe is scheduled for completion in the coming months, and residents can move in from September. One to four bedroom residences, prices from $649,000 and limited opportunities remaining.

[smartcode_project_cta:default project_id=342]

Location and lifestyle drive demand at Candela Ivanhoe

Elsternwick

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Australia rock legend Ross Wilson, wife Tania Gogos-Wilson and her daughter, actor and model Olympia Valance, have sold their Tudor-style Elsternwick home.
It was the residence of Vallance, who is best known for her role as Paige Smith in Melbourne's famous soap Neighbours.
They paid $1.2 million for the 1930s period home in 2014. It sits next to Wilson's own home, which he has had since 1998.
The three bedroom home on 480 sqm features decking running the length of the established garden.
Glenn Bricker and Joshua Lubofsky at Gary Peer &amp; Associates Caulfield North sold the home after it passed in at auction last month without a single bid.
It had $1.65 million to $1.815 million hopes.
Valance had no need for the home, with aspirations of a move to Hollywood.
She'll be in Australia sparingly no doubt, having last month joined the cast of Network Ten's sports drama Playing For Keeps.
She plays Tahlia, a socialite who is engaged to the captain of an Aussie rules team.
This article was first published in The Weekend Australian 
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firstname1-iYD4UYzvBa

Model Olympia Valance sells Tudor-style Elsternwick home

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Victorian developments have done well at a national property awards ceremony. 
The 2018 Property Council of Australia / Rider Levett Bucknall Innovation &amp; Excellence Awards bestowed honours upon the refurbishment of the former Caulfield Rifle Range and the Caribbean Park business park.
The Hill PDA Award for Government Leadership was presented to VicTrack for its redevelopment of the Bang Bang Rifle Club at 294 Glenhuntly Road in Elsternwick (pictured above).
“The former rifle range building, which had laid vacant for 15 years, presented a range of development challenges – including legacy contamination and heritage protections,” says the Property Council’s Chief Executive, Ken Morrison.
In association with Glen Eira City Council, VicTrack integrated the restored building into Elsternwick Station plaza and the club is now a Indochine-inspired café and bar.
“By collaborating with the private sector and local government, VicTrack has transformed an underused heritage asset into a high-quality retail offering with broader community benefits,” Morrison says.
Caribbean Park (pictured below), owned by the Caribbean Group, took home the LJ Hooker Commercial Award for Best Business or Industrial Park.
In Melbourne’s south-east, the site encompasses industrial, logistics and commercial spaces overlooking a 15-hectare lake. Caribbean Group has held the land since 1942.
“The open spaces and water vistas overlooking Lake Caribbean create a unique setting for business,” says RLB’s Managing Director NSW, Matthew Harris.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/5/43a4119491e345eeadbabfb093fbabdd.jpg" alt="">
Under a comprehensive masterplan, 40 three-to-five storey office towers are in the pipeline, which will ultimately provide more than 230,000 square metrs of office space.
“Incorporating a fresh produce market, Wi-Fi enabled parkland and transport connectivity, the latest phase of Caribbean Park is innovative, adaptable and sustainable,” Harris says.
 
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jonathanchancellor-7SQnKwU6yx

Victorian developments perform well at national property awards

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An 1890s Elsternwick home, in 925 sqm of Rick Eckersley-designed gardens, has been sold.
Only recently updated with decor by interior designer Fiona Lynch, the <a href="https://www.realestate.com.au/property-house-vic-elsternwick-127653338" target="_blank">five bedroom Gladstone Street home</a> features soaring ornate ceilings
The 13 Gladstone Parade Elsternwick home sold under the hammer for $4.965 million.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/3/19/els2.jpg" alt="">
The residence drew offers from five bidders, selling for around $560,000 above reserve.
There's a refined home office, a lounge and formal dining room all with white marble fireplaces.
"The grand, historic bones of this magnificent Victorian home became our muse," Lynch noted.
The client was encouraging of her exploration of colour, so she took an evolutionary approach from room to room.
Soft, earthy clay in the lounge melds into rusty brown in the adjacent study; through to a dining room swathed in striking blue.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/3/19/els3.jpg" alt="">
Marshall White agent Sam Hobbs had a guide of $4 million to $4.4 million.
Last year the south-east Melbourne suburb saw three sales over the $4 million mark.
The classic Victorian home, Payneswick as its was known from the late 19th century, last traded at $3 million in 2014.
The earlier owners had Suzie Forge restored and extended it after it traded at $353,000 in the mid-1980s.
This article was first published in the Weekend Australian.
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jchancellor-FAypfDUnLy

Elsternwick trophy fetches half a million over reserve

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The recent investment experience of the popular comedian Dave Hughes should serve as serious lesson for all property investors.
Hughes revealed the reality of what happened following his top priced purchase at the over-hyped auction of the five Elsternwick homes in The Block last October.
He revealed his home loan bankers had valued the five-bedroom home at “much less” than his $3.067 million purchase price.
He also revealed it had not been easy finding tenants, for what will be an investment until the family move in down the track.
<div>
“I went to get a bank loan and they haven’t valued it the same as I paid for it, which is fine, but annoying because there were five bidders,” he told Stellar magazine.
He said it was sizeably less which it made him annoyed. Colorfully so!
“For f*ck’s sake ... I just think it’s good value and in a few years’ time people are going to be going, ‘Well, f*ck, didn’t he do well with it!’ I am playing the long game, all right? That is what I say to my wife, anyway.”
The comedian had gone public with his purchase saying soon after the auction: "It’s a bargain!"
But increasingly cautious lending eyes cast over the home renovated by contestants Josh and Elyse couldn't agree.
It had, after all, sold at $447,000 over its reserve, which notwithstanding the reserve's arbitrary nature, would have raised obvious concerns for any lender. 
Thankfully Hughes had deep enough pockets to fund the lending shortfall to secure his dream home.
But ofcourse not everyone can do so in this scenario.
These buyers instead face the risk of being unable to settle, forfeiting their deposit, and potentially copping the liability of any shortfall when the vendor sells again.
For several years, low bank valuations have been a risk for off the plan buyers as they moved towards settlements of their apartments.
Forfeited apartments have however been surprisingly few, perhaps because buyers have had years to plan their finances.
But low valuations could emerge as an issue for hot headed auction buyers.
Be sure to keep your bidding at a level that fits both your budget and your knowledge of the local market pricing.
Also stay in touch with your bank, keeping them advised on your financial income and expenses, as their lending approvals are fluid.
Banks have tightened what they will lend under pressure from the Australian Prudential Regulation Authority given their anxiety about borrowers' genuine capacity to repay debt.
They want to stop liar loan applications.
Buyers who find themselves in the tricky situation of a low bank valuation should approach a mortgage broker who can go to other lenders to hopefully break the deadlock.
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j.ballantyne1990-6AQqhLzZaK

Dave Hughes struggled to find finance for the Block Elsternwick purchase

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The popular comedian Dave Hughes has revealed his home loan bankers had valued his five-bedroom home on The Block Elsternwick at “much less” than his purchase price.
<div>
“I went to get a bank loan the other day and they haven’t valued it the same as I paid for it, which is fine, but annoying because there were five bidders,” he told Stellar magazine in the Sunday News Ltd weekend papers.
He said it was “enough less that it made me annoyed”.
“For f*ck’s sake ... I just think it’s good value and in a few years’ time people are going to be going, ‘Well, f*ck, didn’t he do well with it!’ I am playing the long game, all right? That is what I say to my wife, anyway.”
<div>
‘It’s a bargain!’ ... Hughesy suggested after he bought the renovation that had been undertaken by Josh and Elyse.
</div>
The final price for the property at 46A Regent Street was $3.067 million.
Property Observer gathers his bank was the NAB.
When Hughes told his wife Holly that he wanted to buy the Regent Street house, she had one rule: keep it private.
She advised in the article that she wasn’t impressed when she saw her husband on the TV screen during the show’s Sunday night finale when the show’s host Scott Cam announced the popular comedian was the proud buyer.
Last week Hughes advised it hadn't been easy to rent.
</div>
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NAB valued Dave Hughes Elsternwick Block purchase at less than $3.067 million sale price

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The comedian Dave Hughes has secured a tenant for his The Block, Elsternwick investment property.
But he said it was harder than he thought it would be following its October purchase at auction.
"The Block house has been rented. We found someone to move in," he told the MMM Hot Breakfast this morning, saying he was keen to get the month's rental.
"I emailed my real estate agent about 11pm last night saying when's this month's rent coming into my bank.
"I had trouble renting it ...it took a while," he acknowledged.
"At one point the real estate agent rang me and said someone wants to move in but they have a dog.
 "I felt like saying I don't care if they have a meth lab," he jested under questioning from <a href="https://www.propertyobserver.com.au/http://player.triplem.com.au/melbourne/#/shows/The%20Hot%20Breakfast/20224" target="_blank">MMM property enthusiast Luke Darcy (at 40.35 mins)</a> while plugging his new Channel 10 show, Hughesy We Have a Problem.
He advised those prospective tenants had since put in a doggie door for their little dog.
The October 2017 finale of The Block Elsternwick saw the comedian buy the renovated home of celebrity couple and winners on the night, model Elyse Knowles and her boyfriend Josh Barker.
He paid $3.07 million for the best home on offer which was marketed as Regent House.
Hughes could stand to claim a maximum of nearly $2.4 million in depreciation deductions (below) as a property investor in his tax returns over the next decade or so.
Property Observer noted pre-auction that the forecast rentals were $2000 plus a week. Hughes gave no indication to the MMM team what rental price was secured.
<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/2017/10/30/Hughesmaximum.jpg" alt="">
The minimum estimation of available depreciation by BMT suggest he will be able to claim around $1.95 million over the property's timeline.
<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/2017/10/30/HughesMinimum.jpg" alt="">
Win a free depreciation report by <a href="https://www.surveymonkey.com/r/WZBR2KW" target="_blank">signing up to Property Observer</a>. 
Download a free e-book on the relocating of entire homes.
 
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Comedian Dave Hughes secures tenant for his The Block, Elsternwick investment property 

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Elsternwick may potentially receive a new tallest building as Steller's latest project hits advertising, revealing a Ewert Leaf-designed mixed-use scheme for 233-247 Glen Huntly Road.

A prompt turnaround of the site is on the cards, with Steller simultaneously revealing that they were the purchaser of the site and lodging the project with City of Glen Eira during July. The 2,340sqm site which also fronts Ripon Grove was secured by the prolific developer for $25 million.

233-247 Glen Huntly Road would usurp the completed <a href="http://www.plusarchitecture.com.au/portfolio/element/">Element</a> development nearby at 221-229 Glen Huntly Road as Elsternwick's tallest contemporary development.

<h2>233-247 Glen Huntly Road application summary</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image10steller.jpg" rel="gallery-all" title="Rendered perspective from street level. Planning image: Ewert Leaf"><img alt="" class="image-article-full-width-580px" height="380" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image10steller.jpg?itok=YZ3PwXe8" title="Rendered perspective from street level. Planning image: Ewert Leaf" width="580"></a>

<figcaption>Rendered perspective from street level. Planning image: Ewert Leaf</figcaption></figure><ul>
<li>Currently onsite: Commercial tenancies and a dwelling</li>
	<li>Proposed: 12 level building at 41.4m in height</li>
	<li>117 apartments: 2 x 1BR, 111 x 2BR, 4 x 3BR</li>
	<li>Apartment size range: 64sqm - 143sqm</li>
	<li>2 retail tenancies: 974.8sqm combined</li>
	<li>1 office tenancy: 896.7sqm</li>
	<li>Provision for 172 vehicles &amp; 127 bicycles</li>
	<li>Communal roof terrace</li>
	<li>Anticipated cost of development: $39.45m</li>
</ul>
<h2>A new iteration</h2>

Steller's current aspirations for 233-247 Glen Huntly Road are not necessarily groundbreaking in that VCAT has in the past endorsed a similar-sized scheme for the site.

During 2011 consent was given for a building rising up to 10 levels and containing 141 apartments. That scheme also included the adjoining church on Ripon Grove which was to have been converted into an additional 21 dwellings, although the church which is described as having architectural and social importance by Heritage Council Victoria is not included within the current application.

233-247 Glen Huntly Road falls under an urban renewal zone within the <a href="http://file:///C:/Users/silvermb/Downloads/Draft-Elsternwick-Structure-Plan.pdf%5C">Draft Elsternwick Structure Plan</a>, allowing this and adjoining sites to receive intensified development.

According to the development team, the current scheme has been designed to comply with relevant planning overlays.

<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/image15ghr.jpg" rel="gallery-all" title="Aerial rendered perspective. Planning image: Ewert Leaf"><img alt="" class="image-article-full-width-580px" height="384" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image15ghr.jpg?itok=qKow4kur" title="Aerial rendered perspective. Planning image: Ewert Leaf" width="580"></a>

<figcaption>Aerial rendered perspective. Planning image: Ewert Leaf</figcaption></figure><h2>Steller's next wave</h2>

Steller's move on Elsternwick coincides with the news that they are the recent purchaser of St Kilda's former Greyhound Hotel site.

Picking up the vacant block for $7.5 million, Steller may well redesign the approved plans from eight levels into a seven level mixed-use project including 37 apartments and two retail spaces. Addressed 1 Brighton Road, Savills recently handled the marketing campaign for the 911sqm site which included approved plans devised by Terry Harper Architects.

Both Elsternwick and St Kilda reinforce Steller's push into Melbourne's inner south-eastern corridor, following on from the developer's purchase earlier this year of a permitted 20 level tower at 200-204 Wells Street in South Melbourne.

That site holds approval for an Artisan Architects-designed tower of approximately 200 apartments, after being sold via Lemon Baxter earlier this year.

<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/image12_13.jpg" rel="gallery-all" title="St Kilda and South Melbourne were both purchased with approved schemes."><img alt="" class="image-article-full-width-580px" height="204" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image12_13.jpg?itok=h3d38G58" title="St Kilda and South Melbourne were both purchased with approved schemes." width="580"></a>

<figcaption>St Kilda and South Melbourne were both purchased with approved schemes.</figcaption></figure>
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silvermb

Steller seeks a new Elsternwick high point

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The $3.07 million buyer of Josh Barker and Elyse Knowles’s place on The Block Elsternwick was Dave Hughes, the comedian.
Josh, 28, and Elyse, 24, pocketed a "life-changing" $447,000 over its conservative reserve, plus the $100,000 prize.
They met in Byron Bay - Barker’s hometown — 4.5 years ago and settled in Melbourne together shortly afterwards.
Hughes had attended the prior 2016 Block auction, but without securing any purchase at the Port Melbourne apartment complex.
The Elsternwick house won the series when it sold above its conservative $2.62 million reserve and well above the ANZ's $2,267,000 RealAs price predictor estimate too, that was being touted five days out.
The bidding opened at $2.6 million from the show pony buyers' agent Frank Valentic who again headlined what emerged as a very shallow market of buyer interest across the five relocated house offerings.
Buyers' agent Nicole Jacobs represented three of the buyers.
Twitter went into a silly meltdown queuing whether Hughes could afford the acquisition!
The Hughes' investment purchase reveal came after the first auction offering sold to an unidentified client of buyers' agent Greville Pabst.
“I always thought I would actually need little bit more than that,” Pabst admitted.
Hughes said he "was driving past and I was thinking, "gee it is a good spot, it is a good house, it is a good area." 
<a href="https://www.instagram.com/p/Ba04w94gWVJ/?taken-by=dhughesy" target="_blank">"And now we own it."</a>
“It’s a good street, it’s going to be a great street forever,” said Hughes, who saw the house a few months ago when filming for his KIIS FM radio show.
"We might move in there eventually but we’ll rent it out for a start," he advised.
The comedian was in attendance when the Port Melbourne as The Block apartments went under the hammer last year.
Despite registering to bid for one of the five apartments, Hughes did not raise his number 23 paddle during the televised finale at Port Melbourne.
Picture taken from Dave's Instagram.
<img class="blkBorder img-share b-loaded" src="https://i.dailymail.co.uk/i/pix/2016/11/14/02/3A59B98500000578-3933182-image-m-34_1479089579409.jpg" alt="Paddle shy: A strange experience which saw the father-of-three buy a house when he passed an auction while walking his dog left him concerned to raise his paddle" width="369" height="380">
The comedian spoke about his exprience to Matt and Meshel on KISS FM the following Monday morning confessing he had previously purchased a house on a whim before.
A few years ago he walked past an auction walking his dog and came home with a house. He said he would not do it again.
The Melbourne-based comedian was last in the property news when he sold his St Kilda family home, just two weeks into the marketing.
The renovated three bedroom Victorian terrace was being offered with $2 million plus hopes by Hughes and his wife, journalist Holly Ife who secured $2,112,000.
It cost $1.8 million in 2007 and before than $1.27 million in 2002. 
Fareham was built 1867 by architect William Allen. 
<div>Allen was builder of the first St Kilda Town Hall on the corner of Grey and Barkly Streets in the 1850s, which was demolished in the 1930s. It is said the terrace, along with neighbouring Figsby include some design elements derived from the early Town Hall: the Roman Doric columns, verandah and internal stairs. </div>
It has been the home of the painter Albert Tucker and his wife Joy Hester. Tucker's painting 'Watcher on a Balcony' shows the unusual iron work. The writer Marcus Clarke also lived there.
The couple had bought another St Kilda home in 2010 for $1.84 million. 
Property Observer previously claimed all five of the Elsternwick properties renovated on this year’s series had conservative price guidance.
The indicative sale prices for all five homes were given as between $2.4 million and $2.64 million.
But the total prize pool of the contestants of $1.22 million was well down on last year’s $2.835 million windfall, and this season marked the first since 2011 that a property offering passed in.
It later sold. The prices achieved fell between $2,615,000 and $3,067,000.
Channel Nine has committed to a 14th season again in their preferred Melbourne location, with work expected to begin soon on the former, infamous Gatwick Hotel on down at heel Fitzroy Street, St Kilda.
Hughes recently quit Channel Nine’s The Footy Show to host his own show Hughesy, We Have A Problem on Channel 10 next year.
A fortnight ago, Hughes revealed that he took a wage cut to give his radio co-host, Kate Langbroek, equal pay.
Hughes and Langbroek are moving to the drive slot on the Hit Network in 2018.
 
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Comedian Dave Hughes buys The Block Elsternwick winner from Josh and Elyse

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The Block finale will be on our screens this weekend. We take a look at the homes that are listed live on the web.
Heavy favourites Josh and Elyse's home, known as Regent House at <a href="https://www.realestate.com.au/property-house-vic-elsternwick-126576106" target="_blank">46a Regent Street</a>, leads the way with the bookmakers and the judges.
They are one and a half points above second favourites and rivals Ronnie and Georgia.
The five bedroom home's most impressive feature is the outdoor living area and app-controlled spa pool won the back garden week.
<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/2017/10/23/Josh2.jpg" alt="" style="font-size: 12.16px;">
The large deck and outdoor area was the work of acclaimed landscape Dave Franklin.
The three car garage has the option of a gym.
Last week the judges said despite the cute cottage type like facade, it didn't match the rear modern extension.
Hockingstuart Caulfield agents Todd Newton and Sophie Laforest are marketing the home.
The couple are selling their remarkably similar Coburg home (below) for November auction.
They are looking at a sale between $1.35 million and $1.45 million for their longer-term project.
<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/2017/10/23/Josh%20and%20Elyse%203.jpg" alt="">
 
 
 
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jrobinson-rf4aSBido9

The Block Elsternwick: Josh and Elyse's home

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The Block home designed Sticks and Wombat has been described as exuding the warmth and charm the infectious duo are famous for.
The marketing says it is fitting that the real characters of this years The Block would craft a home of such character and personality.
Built with an extensive use of reclaimed timber, the <a href="https://www.realestate.com.au/property-house-vic-elsternwick-126568418" target="_blank">five bedroom home</a> comes with a 'James Bond' hidden wine cabinet and a private landscaped garden with heated Container pool.
<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/2017/10/23/Wombat2.jpg" alt="">
The New South Wales representatives won the hallway week and more recently the front facade and garden week, the last reveal of the competition.
Noel Jones Doncaster agents Daniel D'Assisi and David Fileccia have the listing.
 
 
 
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