Brisbane developers Core Property Partners and Vector Property Australia has teamed up for Brisbane's newest apartment development.

The duo identified <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as their preferred suburb, on the fringe of the Gabba Precinct, where they've just revealed BANKSII, 72 apartments opposite Raymond Park.

[smartcode_project:default project_id=136432 project_image_fid=5481]

The one-, two-, and three-bedroom apartments will sit in a glass-wrapped building that will also feature a rooftop with an&nbsp;infinity-edge pool, a BBQ area and alfresco dining spaces, sun lounges, and a sauna, as well as a resident-only gym and a ground-floor cafe.

Rhett Williams, Director of Vector Property Australia, said the project will lift the quality of the East Brisbane community and set a new benchmark.

"In Brisbane’s current property landscape, <a href="https://www.apartments.com.au/new-apartments/banksii-east-brisbane-169-wellington-road-east-brisbane-qld-4169">BANKSII</a> stands out through its emphasis on lifestyle-oriented living, connectivity and sophisticated design," Williams says.

[smartcode_project:default project_id=136432 project_image_fid=5479]

The 10-level building has been designed by MAS Architecture. Their designs were inspired by the native Banksia flower, with the architecture and interiors reflecting the organic symmetry of its namesake flora. MAS has interpreted this throughout the building’s curved form, façade detailing and interior palette.&nbsp;

The building’s flowing geometry and natural tones are complemented by large balconies and floor-to-ceiling glazing, maximising cross-breezes, daylight and views over the city, parklands and river.

“Having a strong narrative for a building helps us architecturally,” MAS noted. "We can choose colours that come off that species of flowers. The trunk and the trees and the flower elements all are now visible in our joinery on the inside and in our architectural finishes on the outside."

[smartcode_project:default project_id=136432 project_image_fid=5485]

Apartments will feature timber floors, soft porcelain tiles, brushed bronze fittings, and stone benchtops with warm veining.&nbsp;

Kitchens feature premium SMEG appliances and generous storage, while bathrooms have been designed as calming retreats with curved cabinetry and twin sinks in the master ensuites.

The building will feature a suite of rooftop and wellness amenities. Residents will have access to an infinity-edge pool, BBQ and alfresco dining areas, sun lounges and a rooftop sauna.&nbsp;

A residents-only gym will be located on the podium level, while a ground-floor café and landscaped laneway will further activate the site and improve neighbourhood connectivity.

[smartcode_project:default project_id=136432 project_image_fid=5488]

BANKSII will rise from a prime Wellington Road site, with the building oriented to overlook the adjacent Raymond Park and take in extensive city views. It is also on the doorstep of key&nbsp;lifestyle infrastructure, including the future Kangaroo Point Green Bridge, The Gabba stadium, and the planned Brisbane Live arena.&nbsp;

Public transport options, including ferry, bus and rail - including the future Cross River Rail Woolloongabba station - are all nearby, supporting a car-optional lifestyle just minutes from the CBD.

Williams said the team spent over a year searching for the ideal site before securing this location.

"We were attracted to <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as it is a vibrant and growing community that offers a perfect balance of urban convenience and natural beauty with the parklands and river on our doorstep.”

The project is part of the broader Woolloongabba Games precinct, which is undergoing significant investment in the lead-up to the 2032 Brisbane Olympics. This urban renewal, coupled with infrastructure upgrades, is expected to enhance long-term liveability and capital growth in the area.

Given the wide max of configurations, BANKSII is expected to suit everyone from first home buyers and investors to families and downsizers.

[smartcode_project_cta:default project_id=136432]

Joel Robinson

BANKSII sales launch in booming East Brisbane apartment market

Sydney developer Deicorp is set to officially open its <a href="https://www.apartments.com.au/new-apartments/hills-showground-village-castle-hill-2-mandala-parade-castle-hill-nsw-2154">Showground Village</a> precinct in Castle Hill.

NSW Premier Chris Minns will attend the opening on Sunday August 31, alongside&nbsp;Minister for Planning and Public Spaces Paul Scully, The Hills Shire Council Mayor Dr Michelle Byrne, Landcom CEO Alex Wendler, and Deicorp Founder Fouad Deiri.

There will be a ribbon-cutting ceremony before a tour of the newly opened retail precinct.&nbsp;

&nbsp;

Located just moments from Hills Showground Metro Station, the centre spans 9,500 sqm across four levels and features 26 specialty retailers as well as a 1,400 sqm public plaza, creating a new community meeting point for shopping, dining, fitness, and everyday convenience.&nbsp;

The grand opening will be celebrated with a family fun day, featuring free entertainment, children’s activities, and a Skill Tester Machine with guaranteed prizes ranging from Woolworths gift cards to a $5,000 Flight Centre voucher.&nbsp;

Showground Village forms part of the Hills Showground Station Precinct, an urban renewal initiative led by Landcom and Sydney Metro that will provide for around 2,300 new jobs over the next 20 years and around 9,000 new homes.&nbsp;

Deicorp was recently approved for another new development next door to Showground Village.

The new five residential buildings in the East Showgrounds Precinct, will see another 873 dwellings delivered, as well as&nbsp;3,500 sqm of open public space in the form of landscaped courtyards, a public park and communal outdoor recreational space including a playground, barbeque area, and outdoor seating.

“This approval will allow us to start construction on a range of beautifully designed, conveniently located apartments and create another vibrant, walkable and well-connected community,” said&nbsp;<a href="https://www.apartments.com.au/developers/deicorp" target="">Deicorp</a>&nbsp;Founder Fouad Deiri.

“These new homes will provide their residents with a seamless connection to jobs and services along Metro North West, and the new&nbsp;<a href="https://www.apartments.com.au/new-apartments/hills-showground-village-castle-hill-2-mandala-parade-castle-hill" target="">Hills Showground Village</a>&nbsp;retail precinct currently under construction."

Deicorp has several thousand apartments in planning and under construction across Sydney, from Zetland and Five Dock to Crows Nest and Macquarie Park.

[smartcode_project_cta:default project_id=133881]

Deicorp, NSW Premier to officially open Showground Village, Castle Hill’s new retail and hospitality hub

The Minns Labor Government will deliver Sydney’s first new heavy rail station in more than a decade – enabling up to 10,000 new homes by rezoning land around Woollahra and Edgecliff stations, right next to the CBD, to tackle the housing crisis and rebalance growth across the city.

Recent reports by the NSW Productivity Commission have warned that Sydney is losing twice as many young people as it is gaining, while also finding that Woollahra is the most feasible Local Government Area (LGA) in New South Wales to build new housing.

Despite this, housing approvals in Woollahra consistently lag well behind other LGAs, and the population has declined by 11 per cent over the past 50 years while Greater Sydney as a whole has grown by 74 per cent.

The new station that will be an eight-minute trip from Sydney CBD, will be located on the Eastern Suburbs train line in Woollahra, where a station build was started in the 1970s but never completed.

To enable the delivery of new homes the NSW Government will lead a rezoning of Woollahra and Edgecliff stations similar to other state led rezonings to allow additional homes to be built around the stations.

Affordable housing will also make up a proportion of development on the site with the final amount of affordable housing required, to be determined as part of the rezoning process.

The area surrounding the new station is within walking distance of major green and recreational space including Cooper, Trumper, Rushcutters Bay and Centennial Parks.

The Eastern Suburbs train line between Bondi Junction and Sydney CBD also has the lowest passenger usage rates during the AM peak of any line on the Sydney network, with only 43 per cent of operating capacity during the AM peak currently being utilised by passengers.

Sydney Water and Infrastructure NSW have confirmed there is capacity in the water and wastewater systems to accommodate the proposed 10,000 dwellings without major upgrades.

The rezoning is expected to take around two years and will further support the Government’s housing targets that rebalance the delivery of new homes around existing infrastructure.

&nbsp;

&nbsp;

Next stop Woollahra train station - delivering up to 10,000 new homes in the heart of Sydney

<section data-element_type="section" data-id="b086848">
Fresh off completing its mixed-use Malvern project Malvern Collective, Kokoda Property Group has acquired a prime site on Richmond's Bridge Road.

They are planning a mid-rise residential development with&nbsp;integrated wellness amenities and a vibrant ground-floor retail and dining offering.

The site, at&nbsp;487–495 Bridge Road, spans&nbsp;1,650 sqm with 50 metres of dual frontage across Bridge Road and Palmer Street. It is currently leased to Adairs, and has a large retail building and 20 onsite car parks.
</section>

<section data-element_type="section" data-id="534a164">
Kokoda Property Group’s acquisition forms part of a broader phase of growth in Melbourne, building on momentum from the completion of Malvern Collective and the recent purchase of a Burnley Street site for the developer’s first commercial project.&nbsp;

Mark Stevens, Kokoda Property Group’s Founder and Managing Director, said that the company’s Bridge Road site acquisition signals confidence in a city that is re-accelerating.

“Melbourne is regaining momentum,"&nbsp;Stevens said.

"After a cautious period post-COVID, we’re seeing buyer sentiment stabilise and capital leaning back into well-located, quality projects. Victoria now benefits from deep builder capacity and competitive delivery pricing, creating a rare opportunity to bring design-led inner-city developments to market without compromising on craftsmanship.

“Richmond ticks all the boxes for us – connectivity, culture and everyday amenity – making Bridge Road the perfect address for an amenity-rich, multi-use development."

Envisioned as an “urban lantern” the building will bring a distinctive new presence to Bridge Road with a sculptural retail frontage, designed to honour the street’s heritage character while contributing to its renewal.

Stevens said the acquisition reflects the developer’s commitment to design-led addresses in Melbourne’s inner city.

“Drawing on Richmond’s rich heritage and dynamic character, we’ve envisioned a contemporary building that respects the past while elevating the way people live today. With dual frontages, curated ground-floor spaces, and a focus on wellness, this project will contribute to the neighbourhood’s evolution, appealing to both downsizers and a new generation of professionals.”

Kokoda Property will now progress concept design ahead of a future planning process.
</section>

Mark Stevens, Kokoda Property Group’s Founder and Managing Director, said that the company’s Bridge Road site acquisition signals confidence in a city that is re-accelerating

First look: Kokoda secures Richmond site for new apartment development

Gold Coast developer Drew Group is fast approaching sell-out at its Main Beach apartment development, Lagoon Main Beach.

In the last nine months, Drew Group and sales partner Pezet Matheson have secured 31 sales totalling over $75 million, as the two-tower development advances towards completion under the expert eye of Hutchinson Builders.

“Today's buyers are more discerning than ever," Drew Group Managing Director Jon Drew says.

"It's essential to provide something truly unique that sets a development apart, and we believe Lagoon has achieved just that."

[smartcode_project:default project_id=108747 project_image_fid=193023]

Just over 50 per cent of recent&nbsp;sales have been to local buyers, reflecting the deep trust and connection within the Gold Coast community that Drew Group has developed over the years.

Demand has been particularly robust at the top end, with two of the three exclusive penthouses already sold, alongside five sub-penthouses. Only seven apartments remain in Lagoon's Signature Series — one&nbsp;penthouse and six sub-penthouses.

[smartcode_project:default project_id=108747 project_image_fid=284864]

Drew Group has also removed the much-maligned sunset clause from all contracts at Lagoon. The sunset clause — although rarely invoked, yet on occasion known to have been — allows developers to take back contracts on apartments should the building not be completed within the timeframe specified in the contract.

Pezet Matheson Co-Director Jayde Pezet says the fact Lagoon is&nbsp;within a year of completion, and has no sunset clause in contracts, provides certainty to buyers.

"This is paramount in the current market," Pezet says.

Drew Group has committed to providing the highest level of security inclusions — none more impressive than the Ubiquity Access Control System, a cutting-edge facial recognition technology that is one of the most state-of-the-art keyless entry systems on the market.

[smartcode_project:default project_id=108747 project_image_fid=190743]

One of the biggest drawcards to Lagoon has been the size of the apartments.

"It is unlikely that any future new development in Main Beach will be able to offer such spacious living at this price point," Drew says.

"Today's buyers are more discerning than ever, carefully evaluating amenities like gyms, spas, workspaces, and beach lockers, along with quality finishes. It's essential to provide something truly unique that sets a development apart, and we believe Lagoon has achieved just that."

Lagoon is set to complete construction in mid-2026.

[smartcode_project_cta:default project_id=108747]

Lagoon Main Beach approaches sell-out as local buyers drive $75m in sales

Flemington

If you want to live in the heart of Melbourne but not right in the CBD, then just 4 kilometres north-west, you'll find the perfect suburb, Flemington.

Situated right between the Melbourne Zoo and the racecourse, this family-friendly suburb surrounded by parks is only a 9-minute drive to the city – or a 26-minute tram ride.&nbsp;

One of our exciting new listings in Flemington is The Ascot. Take a look at our apartment spotlight video:

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/Vise2Dcc2UM" title="YouTube video player" width="660"></iframe>

<h2>THE ASCOT AT A GLANCE</h2>

Developer: Blue Earth Group 
Architect: CHT Architects 
Builder: Hamilton Marino 
Address:&nbsp;72 Ascot Vale Road, Flemington VIC 3031

[smartcode_project_cta: project_id=4739]

[smartcode_project:default project_id=4739 project_image_fid=169155]

Delivered by renowned developer Blue Earth Group, The Ascot follows its predecessors Ivanhoe Gardens and Anthem, which have become Urban best-sellers thanks to their incredible on-site amenity offering and competitively low strata fees.

The Ascot is a boutique development with just 146 residences, with a small number of premium apartments remaining. All apartments feature three bedrooms, two bathrooms and two carparks, with a selection of generous floorplans available.

In the video, we took a look&nbsp;at the floorplans of apartments 501a and 502a. Both boast expansive decks over 100 square metres in size – far greater than that of your average townhome. Property 501a offers expansive south western views of the city skyline, while 502a has a northerly outlook, meaning all day sun.

The property has been designed by CHT Architects in collaboration with Sora Interior Design, with celebrity chef Adam D'Sylva providing expertise for the kitchen layout and functionality.

[smartcode_project:default project_id=4739 project_image_fid=169151]

With The Ascot residences starting at $1.1 million, these homes are $200K - 300K below the suburb median, with the added benefit of luxury amenities including state-of-the-art gym technology, a gold class cinema, golf simulator and games room.

The Ascot also features stunning gardens designed by Jack Merlo Landscape Architects, featuring a tranquil meditation retreat, barbeque and outdoor dining areas and a children's garden.&nbsp;

On days where you want to work from home, The Ascot's co-working lounge is the perfect place to work and overlooks beautiful gardens.&nbsp;

[smartcode_project:default project_id=4739 project_image_fid=169158]

To add to the exceptional convenience of this development, we love that The Ascot allows for easy integration of technological advancements in future. You've got electric car charging bays, fingerprint access and phone operated appliances.

There's also a building app where you can manage post, grocery deliveries, make bookings and more. Plus, you'll have access to keyless click and collect, a dog washing bay and a vehicle cleaning station. All these extra details prove that Blue Earth Group has really taken into account how they can best accommodate each resident's lifestyle.&nbsp;

We've seen buyers take to Blue Earth Groups developments and expect The Ascot to sell out quickly as well. Already 1 &amp; 2 bedroom configurations have completely sold out -&nbsp;giving you a final opportunity to make The Ascot home.

A limited release of 3 bedroom homes are now available. This is a fantastic opportunity to secure exceptional value for money in a great suburb of Melbourne.&nbsp;

[smartcode_project_cta: project_id=4739]

Olivia Round

APARTMENT SPOTLIGHT: The Ascot by Blue Earth Group in Flemington, Melbourne

Developers have seen an increased demand in residential and mixed-use developments that feature a unique offering that buyers may not find elsewhere.

There&#39;s a wave of new developments which border some of Australia&#39;s most popular racetracks. The residences, all part of a wider mini-masterplan community on the undeveloped land, deliver an amenity-rich lifestyle for owner-occupiers, and have discerning investors interested in the potential windfall rental income due to its location.

Urban takes a look at five projects located close-by or on some of the country&rsquo;s most well-known horse racing tracks.

1. Thomas Street, Moonee Ponds 
Developer: Hamton 
Two-bedroom apartments from $645,000

[smartcode_project:default project_id=103179 project_image_fid=167493]

Thomas Street residents will have access to a resort-like rooftop pool and deck that will overlook the city skyline and Moonee Valley Racecourse.

Situated in Moonee Ponds, the project unifies contemporary forms with a distinct design with timeless interiors by Mim Design and a natural palette.

[smartcode_project:default project_id=103179 project_image_fid=167471]

Designed by Rothelowman, other amenities on offer include a wellness sanctuary with outdoor deck and grassed area, Stonepine Square, an idyllic gathering place surrounded by shady pergolas and a dog wash station. &nbsp;

2. Feehan Row, Moonee Ponds 
Developer: Hamton 
Three-bedroom townhouses from $1,195,000

[smartcode_project:default project_id=102580 project_image_fid=167439]

Botanical green spaces form the cornerstone of Hamton&rsquo;s Feehan Row, with walking trails, sporting fields and green community spaces.

The development, part of the masterplan which also includes Thomas St,&nbsp;was inspired by the historic nature of the site, originally Feehan&rsquo;s Farm leased by W.S. Cox in 1992 for use as a racecourse.

Each home has an individualised entry that makes a statement, delivering a modern interpretation of a Victorian terrace, designed by Rothelowman and Tract Landscape Architects.

[smartcode_project:default project_id=102580 project_image_fid=167425]

&ldquo;We believe that residents will love living at Feehan Row because in addition to the timeless design of these homes, they can access a rich environment of amenities and parkland&rdquo;, said Rothelowman principal Chris Hayton.

3. Newmarket Residences, Randwick 
Developer: Cbus Property 
Floorplan available upon request

[smartcode_project:default project_id=7591 project_image_fid=77904]

At the centre of Sydney&rsquo;s horse racing culture, Newmarket Residences boasts two eight-storey apartment buildings that will sit above a vibrant retail plaza in Randwick.

Located at the site of the racing&rsquo;s Inglis family&rsquo;s Newmarket Stables, purchased in 1917, the development provides a direct pedestrian connection to the heritage stables.

Designed by Bates Smart, the homes and apartments boast considered details, indoor and outdoor living, classic tones and handcrafted finishes.

[smartcode_project:default project_id=7591 project_image_fid=77908]

The five-hectare site will include a playground, 5,000sqm of parkland, 2,300sqm of retail and 642 apartments and terraces.

4. The Ascot, Flemington 
Developer: Blue Earth Group 
Two-bedroom apartments from $639,000

[smartcode_project:default project_id=4739 project_image_fid=169154]

Just a short walk from the fabled Flemington Racecourse, the Ascot is a brand-new residence boasting 146 apartments across two buildings.

Boasting the best of a vibrant inner-city neighbourhood, the CHT Architects-designed project is full of historic charm and an array of high-quality amenities and services.

[smartcode_project:default project_id=4739 project_image_fid=169155]

The development features landscaped multi-purpose gardens, curated by Jack Merlo, and is located just four-kilometres away from the Melbourne CBD.

5. Ascot Green, Eagle Farm 
Developer: Mirvac 
[smartcode_project:default project_id=27556 project_image_fid=71309]

Having sold out the first two residential stages of their Ascot Green development flanking the Eagle Park Racecourse in Brisbane, the ASX-listed developer&nbsp;Mirvac&nbsp;has lodged plans for its third stage.

The third, subtropical-inspired apartment block will rise 14 levels with 111 apartments and a rooftop with panoramic city and track views. That will also feature a private dining room and lounge areas.

It will home the community&#39;s first four-bedroom apartments, as well as four integrated terraces with direct access to green open space fronting the racecourse.

Overlooking some of Australia’s best-known racecourses, these residences deliver an amenity-rich lifestyle for owner-occupiers and, for investors, the potential for holiday rentals.

max.kwok_55688

Five apartments and townhouses being built alongside Australia’s best-known racecourses

<html><body>
A Flemington milkbar, known in a previous life as the Macca’s Milk Bar, is set to go under the hammer June 15. 
Held for the last 30 years, 31 Dover Street, in Melbourne's north west is up for auction with a price guide of $800,000 to $880,000.
Set on 183 sqm, the one story home features the original facade.
The vendors say the property dates back to 1894 and had been a grocery store.
It was also once famous for its annual football tipping competition, however it stopped operating as a business in 1999. 
Jerome Feery and Simon Mason of Jellis Craig are marketing the property.
The shopfront facade has been preserved while the interior was reconfigured into a private three bedroom two bathroom residence in 2000.
Featuring a large kitchen and leafy courtyard, records show it last sold for $107,000 in May 1988.
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j.ballantyne1990-6AQqhLzZaK

Flemington milkbar home listed for auction

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EXPERT OBSERVER
The announcement that Sydney Markets will move from Flemington to the Aerotropolis in Western Sydney means the existing Flemington site could become a new type of development.
Sydney’s markets were originally in Haymarket close to Darling Harbour but as the city grew they moved west to Flemington closer to the then centre of Sydney at Parramatta.
With Sydney now planned to have three city centres the announcement that the markets will move further west to be part of the third city at the Aerotropolis completes their move to the areas of growth.
This will leave a large site at Flemington ripe for redevelopment.
The Urban Taskforce has asked Sydney architect Tony Owen to develop an exciting vision for the redevelopment of the Flemington site in a manner that retains a number of market uses.
Tony Owen’s proposal (pictured above and below) sets a new standard for urban renewal by incorporating greenery throughout the new built form.
<img src="https://www.urban.com.au/images/2018/11/19/Greenery.JPG" alt="">
Buildings are dripping in greenery and lower height buildings have green roofs that are used for agriculture that could include cows grazing and free range chickens.
There is another great benefit of the proposal in that all the greenery will reduce the heat build up on the site and manage water run off better as well as cleaning the air.
Flemington 2036 is a glimpse into how urban development will occur in the future. The main residential accommodation is in green towers that overlook the shared facilities and markets in the middle of the site.
Tony Owen has cleverly located the tall buildings nearest the highway and commercial areas with lower buildings near existing residential areas.
The amazing potential of the Flemington site is that a whole community can live and work there with 10,000 residents and 4,000 workers all coming together in a park like environment.
What Tony Owen's vision demonstrates is that urban environments can be green and connected to Urban Agriculture. The whole Flemington village will be self sustainable with the food grown on the site.
The Flemington site is well located between the Sydney CBD and the growing city of Parramatta and it has its own railway station.
There is the option of providing a new station on the proposed Metro West line to further connect the site to jobs in Parramatta and in the Sydney CBD.
Redevelopment of a large site like the Flemington Markets must be a leading example of a new approach to urban living.
CHRIS JOHNSON is the CEO of Urban Taskforce
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cjohnson-8xfqfuuCSq

When Flemington Markets relocate to the Aerotropolis the site can become a new green urban village: Chris Johnson

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Melbourne based developer, Pace Development Group, has been announced as the Victoria Racing Club’s preferred purchaser of its recently rezoned site at 550 Epsom Road, Flemington. 
Pace was awarded the contract of sale for the 10,600 square-metre parcel of land at the famed Flemington Racecourse, following a competitive tender. 
The land, which sits atop the racecourse’s 1,200 metre main straight known as the ‘Straight Six’, received approval for rezoning earlier this year under a planning scheme for 300 residential dwellings, and has undergone vigorous community consultation to ensure the future development protects the existing character and historic significance of the site. 
VRC Chairman Amanda Elliott said Pace and the VRC have agreed to collaborate throughout the design process. 
Shane Wilkinson, Managing Director of Pace Development Group, the design will be publicly revealed in early 2018.
The project’s first apartments are expected to be on the market from late 2018. 
The sales campaign for the land was managed by Peter Bremner, Trent Hobart and Hamish Burgess from Colliers International and transaction management was handled by Peter Hutchins and Tom Byrnes from Charter Keck Cramer.
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Epsom is a key development site sitting adjacent to the Flemington Racecourse and has been designated for high density residential development. The site is approximately 1ha in size and includes the heritage listed former Jockey’s Convalescent Lodge. 
Greenland was a prior envisaged developer but did not proceed.
</div>
</div>
</div>
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Pace wins VRC 550 Epsom Road, Flemington residential redevelopment tender

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Flemington and Kensington are the fastest selling localities in Melbourne for houses, according to a recent Investar report.
The property data firm says that houses in Flemington and Kensington takes 41 days to sell.
This is followed by Moonee Ponds with 52 days and Avondale Heights with 53 days.
<table style="width: 424px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="107">
Suburb
</td>
<td valign="top" width="54">
Postcode
</td>
<td valign="top" width="60">
Bedrooms
</td>
<td valign="top" width="89">
Days on market
</td>
<td valign="top" width="113">
Current median price
</td>
</tr>
<tr>
<td valign="top" width="107">
Flemington
</td>
<td valign="top" width="54">
3031
</td>
<td valign="top" width="60">
3
</td>
<td valign="top" width="89">
41
</td>
<td valign="top" width="113">
$870,000
</td>
</tr>
<tr>
<td valign="top" width="107">
Kensington
</td>
<td valign="top" width="54">
3031
</td>
<td valign="top" width="60">
2
</td>
<td valign="top" width="89">
41
</td>
<td valign="top" width="113">
$800,000
</td>
</tr>
<tr>
<td valign="top" width="107">
Moonee Ponds
</td>
<td valign="top" width="54">
3039
</td>
<td valign="top" width="60">
2
</td>
<td valign="top" width="89">
52
</td>
<td valign="top" width="113">
$780,000
</td>
</tr>
<tr>
<td valign="top" width="107">
Avondale Heights
</td>
<td valign="top" width="54">
3034
</td>
<td valign="top" width="60">
3
</td>
<td valign="top" width="89">
53
</td>
<td valign="top" width="113">
$720,000
</td>
</tr>
<tr>
<td valign="top" width="107">
Jacana
</td>
<td valign="top" width="54">
3047
</td>
<td valign="top" width="60">
3
</td>
<td valign="top" width="89">
54
</td>
<td valign="top" width="113">
$485,000
</td>
</tr>
</tbody></table>
A two bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-flemington-126170326" target="_blank">37 Waltham Street</a>, Flemington (above) recently sold for $1.225 million after spending 10 days on the market.
Built in 1890, the 150 square metre house last sold for $686,000 in 2010.
A three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-flemington-126167510" target="_blank">127 Princes Street</a>, Flemington (below) was recently sold for $885,000 after spending 25 days on the market.
The 185 square metre house last sold in 2011 for $599,000.
<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/2017/09/15/127%20Princes%20Street.jpg" alt="">
A three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-kensington-126119614" target="_blank">2/57 Bayswater Road</a>, Kensington (below) was recently sold for $960,000 after spending 15 days on the market.
Built in 1995 it last sold in 2001 for $340,000.
<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/2017/09/15/2_57%20Bayswater%20Road.jpg" alt="">
A two bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-kensington-125553186" target="_blank">18 Altona Street</a>, Kensington (below) was sold for $1.07 million this year after spending 18 days on the market.
The 283 square metre property last sold for $460,000 in 2006.
<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/2017/09/15/18%20Altona%20Street.jpg" alt="">
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Flemington and Kensington, Victoria houses takes 41 days to sell: Investar

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Flemington is the most affordable suburb in Melbourne, according to Secret Agent’s latest report.
Tables 3 to 6 list the most and least affordable suburbs for both terraces and townhouses, in terms of average prices as well as average price per square metre of internal space.
If a suburb had less than 5 sales it was excluded from the data pool.
Even the most affordable suburbs for terraces in inner Melbourne start at an average of over $1 million ($300,000 more than townhouses) as shown in Table 3.
<a href="https://www.propertyobserver.com.au/images/2017/06/Table%203.jpg" target="_blank">Click to enlarge</a>
<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/2017/06/Table%203.jpg" alt="">
Buyers would be hard pressed to find terraces anywhere near the CBD for less than $10,000/m2 of internal space.
Brunswick and Brunswick East's affordable terraces have an average price per square metre of $10,400/m2 and $11,400/m2 respectively.
Both of these suburbs also make the list of top 5 most affordable townhouses.
Collingwood terraces, which had the lowest average prices in our sampled region over the last year, sold for $11,800/m2 on average.
Terraces in Flemington were more affordable than terraces in any other inner suburb in our study.
The most expensive terraces in inner Melbourne sold for nearly twice as much on average as the most expensive townhouses, and are valued about $5,000/m2 more.
Table 4 shows the least affordable terraces and is dominated by Middle Park and Albert Park, which are highest per square metre and only beaten by Parkville in terms of average sale price.
<a href="https://www.propertyobserver.com.au/images/2017/06/Table%204.jpg" target="_blank">Click to enlarge</a>
<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/2017/06/Table%204.jpg" alt="">
Parkville terrace prices fell just short of making the list at $14,500/m2, edged out by its neighbour Carlton North ($14,800/m2).
"Despite being close on a price per square metre basis, if we only looked at average prices we would get a completely different impression, with average prices in Carlton North at $1.58 million, well below Parkville’s 2016 sample average of $2.44 million," the report stated.
Kensington in the inner West, as well as Brunswick, Brunswick East and Northcote in the inner North are in the top 5 most affordable suburbs for townhouses, both in terms of average prices and average price per square metre, shown in Table 5.
<a href="https://www.propertyobserver.com.au/images/2017/06/Table%205.jpg" target="_blank">Click to enlarge</a>
<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/2017/06/Table%205.jpg" alt="">
This comes at no real surprise to people who have been following inner Melbourne’s property market trends.
The same can be said about the lack of any affordable suburbs from the inner South on the list.
Abbotsford is the only suburb from the inner East that made the top 5 in 2016, coming in 4th when ranked by average price.
While not in the top 5 most affordable by price per square metre, the suburb is still relatively affordable at just over $8,000/m2.
The most deceptive suburb is West Melbourne, where townhouses in our sample were sold for nearly $1.1 million on average over the past year, which is well above the other suburbs in the top 5 list.
However, at only $7,100/m2, West Melbourne was the number one most affordable inner suburb per square metre of internal space.
Table 6 shows the least affordable suburbs for townhouses in 2016.
Only suburbs from the inner South and East appear in the top 5 when looking at average prices.
South Yarra is the most expensive suburb by both metrics, with Prahran, Port Melbourne and Richmond also making both lists.
<a href="https://www.propertyobserver.com.au/images/2017/06/Table%206.jpg" target="_blank">Click to enlarge</a>
<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/2017/06/Table%206.jpg" alt="">
Collingwood nearly made the most affordable list with an average townhouse sale price of only $870,000 in 2016.
However, when accounting for size, buyers of Collingwood townhouses spent nearly $9,300/m2 on average, the 5th highest of all suburbs we sampled.
While Hawthorn only made the top 5 when comparing average prices, at an average of $9,088/m2 it is also still relatively expensive on a price per square metre basis.
Property Observer found this three bedroom townhouse, <a href="https://www.realestate.com.au/property-apartment-vic-flemington-124556042" target="_blank">4/3 Tunbridge Street Flemington</a> (pictured above), on the market for between $660,000-$720,000.
 A two bedroom townhouse, <a href="https://www.realestate.com.au/property-townhouse-vic-maribyrnong-122451902" target="_blank">1 Gatehouse Place Maribyrnong</a> (below), is going o auction March 4.
<img src="https://www.urban.com.au/images/2017/02/13/Screen%20Shot%202017-02-13%20at%2010.01.54%20AM.png" alt="">
The three bedroom townhouse at <a href="https://www.realestate.com.au/property-townhouse-vic-ascot+vale-124554422" target="_blank" style="font-size: 12.16px;">36 Archer Avenue Ascot Vale is on the market for between $830,000 and $870,000.</a>
<img src="https://www.urban.com.au/images/2017/02/13/Screen%20Shot%202017-02-13%20at%2010.04.19%20AM.png" alt="" width="555" height="323" style="font-size: 12.16px;">
For more information from Secret Agent, <a href="https://secretagent.com.au/" target="_blank">click here</a>.
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jchancellor-FAypfDUnLy

Flemington offers Melbourne's most affordable terraces: Secret Agent

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Located less than six kilometres from the Melbourne CBD, Flemington Racecourse occupies a 125ha site in an area undergoing significant transformation and growth. Managed by the Victoria Racing Club (VRC), a long-term master plan was developed for the facility during 2009, with the aim of maximising revenue opportunities for the ongoing investment in facilities for the racecourse and significant capital expenditure undertakings such as replacement of the Member's Old Grandstand.

Part of this master plan involved the sale of non-core land to generate the funds for investment in new facilities.

Enter Greenland Group, China's largest real estate developer which acquired two sites covering a combined 40,000sqm. Known as Flemington Green and Epsom Road, these land holdings were surplus to the needs of the VRC and were offloaded to Greenland Group with the expectation of large-scale development.

The revenue from their sale would then be invested towards the development of the new Club Stand seen below.

<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/829.jpg" rel="gallery-all" title="The Club Stand. Image courtesy of Bates Smart."><img alt="" class="image-article-full-width-580px" height="287" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/829.jpg?itok=kjfb93Bn" title="The Club Stand. Image courtesy of Bates Smart." width="580"></a>

<figcaption>The Club Stand is expected to be built shortly. Image courtesy of Bates Smart.</figcaption></figure>Flemington Green occupies 30,000sqm of land, situated between Fisher Parade and Leonard Crescent. The site is located at the high point of the promontory above the Racecourse and the Maribyrnong River. The site's existing uses consist primarily of open lot car parks and three dwellings along Fisher Parade.

Epsom Road on the other hand occupies approximately 10,000sqm of land and is adjacent to the intersection of Epsom, Racecourse and Ascot Vale Roads, at the end of the Racecourse Road Activity Centre. The site is currently undeveloped with the exception of a single level building: the heritage listed Former Jockeys’ Convalescent Lodge which will be retained as part of any future development onsite.

Greenland's plans for the sites were revealed late last year when - together with the VRC - it submitted a Planning Scheme Amendment Request with the Minister for Planning, which sought to change the planning controls for both sites. This would allow for the developer to move forward with plans for its 'Flemington Life' development, consisting of four towers ranging in height from 14-storeys (AHD 73.7m) to 31-storeys (AHD 123.9m), supported by medium-density dwellings across a further six buildings.

<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/flemington_life_dwelling_types.jpg" rel="gallery-all" title="Flemington Green height and dwelling types. Image courtesy Woods Bagot"><img alt="" class="image-article-full-width-580px" height="331" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/flemington_life_dwelling_types.jpg?itok=xdP57VOE" title="Flemington Green height and dwelling types. Image courtesy Woods Bagot" width="580"></a>

<figcaption>Flemington Green height and dwelling types. Image courtesy Woods Bagot</figcaption></figure>An Indicative Development Concept (IDC) has been prepared for both sites which provides extensive details on the type of development that could be accommodated across the two sites. These do not represent the final form of any development on the site, but rather reflect the type, scale and siting of built form that maybe be permitted within the parameters proposed under the new planning controls.

The building envelopes shown in the proposed Comprehensive Development Zone for the low-rise component only allow for variations in height and setbacks.

The IDC for the Flemington Green site, as prepared by <a href="http://www.woodsbagot.com/">Woods Bagot</a>, seeks the development of 736 dwellings, based on a built form that comprises three residential towers, two street level podia and a lower density precinct containing townhouse and apartment buildings up to 4-storeys. The proposal also includes scope for a small amount of ancillary retail, commercial space and community facilities that will provide local services for residents.

<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/image45_1.jpg" rel="gallery-all" title="Flemington Green as rendered from Fischer Parade. Image courtesy Woods Bagot"><img alt="" class="image-article-full-width-580px" height="370" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image45_1.jpg?itok=WVtqZp8H" title="Flemington Green as rendered from Fischer Parade. Image courtesy Woods Bagot" width="580"></a>

<figcaption>Flemington Green as rendered from Fischer Parade. Image courtesy Woods Bagot</figcaption></figure><blockquote>
The architectural design response adopts a rectilinear architectural language at the perimeter of the master plan and transforms this language to a curved formal language in the centre. This curved formal language continues into the tower geometry, referencing Flemington Racecourse’s distinctive curvilinear shape.
<cite>Woods Bagot</cite>
</blockquote>

The three towers which are expected to form Flemington Green are all distinguished by individual responses to articulation of facades, which draw on the characteristics of the racecourse. These are summarised below:

<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/flemington_green_facades.jpg" rel="gallery-all" title="Facade reference images. Image courtesy Woods Bagot"><img alt="" class="image-article-full-width-580px" height="228" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/flemington_green_facades.jpg?itok=49qo4s3A" title="Facade reference images. Image courtesy Woods Bagot" width="580"></a>

<figcaption>Facade reference images. Image courtesy Woods Bagot</figcaption></figure><ul>
<li>
Tower 1, 25-storeys - The Veil: The design concept for the new facade expresses the Flemington’s fascination with fashion.The entire building is enclosed by a skeletal metal frame, which like a veil conveys a mysterious and ambiguous definition by discreetly revealing what is behind. The veil creates a dynamic gesture and form.</li>
	<li>
Tower 2, 20-storeys - The Farrier: The facade design concept is derived from the materiality and tectonic nature of the farriers tools. This is represented by the curvaceous external balconies forms which are asymmetrically offset to create a sculptural form.</li>
	<li>
Tower 3, 14-storeys - Silks: The facade design concept references the silky shiny colours of the jockeys outfit. The smooth curved form of the floor plan is emphasised by glassy exterior treatment, this is contrasted by the striking colours which highlight the recessed balconies.</li>
</ul>
The IDC for the Epsom Road seeks to deliver a high quality, high-density residential development at the apex of the Racecourse Road Activity Centre and Flemington Racecourse, providing a gateway to the precinct. The IDC allows for a 31-storey proposal with a total of 398 dwellings, based on a built form that comprises of a typical tower and podium format.

<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/flemington_life_epsom_rd.jpg" rel="gallery-all" title="Epsom Road Indicative Development Concept. Image courtesy Woods Bagot"><img alt="" class="image-article-full-width-580px" height="318" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/flemington_life_epsom_rd.jpg?itok=zpBcHn5c" title="Epsom Road Indicative Development Concept. Image courtesy Woods Bagot" width="580"></a>

<figcaption>Epsom Road Indicative Development Concept. Image courtesy Woods Bagot</figcaption></figure>While heavy with detail, it is worth noting that the above designs and images still designated as development concepts created to provide an indication of the planning controls that Greenland Group and Woods Bagot are seeking push through. Whether the development team largely retain the above designs once each land parcel is subject to individual planning submissions remains to be seen.
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Laurence Dragomir

Horses for courses: Greenland Group's Flemington Life in detail

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News broke yesterday of Victoria Racing Club's new premium 18,000 square metre members stand to be situated on the site of what is now the Members' Old Grandstand.
Dubbed The Club Stand, the facility is expected to be operational by November 2017 and further boost VRC's member count beyond the current 30,000.  Whilst VRC has done a mighty job promoting the new venue, we thought we'd highlight architect Bates Smart's take on The Club stand.
<blockquote>
	"In contrast to traditional sports stadia, the Club Stand presents itself in the round.  In doing so it captures the spirit of the promenading which enhances enjoyment of a day at the races.  The sweeping curvilinear forms promote this unique movement and energy.
</blockquote>
<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/Image5_22.jpg" rel="gallery-all" title="Eastern curves of The Club stand. Image © Bates Smart"><img alt="" class="image-article-full-width-580px" height="352" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/Image5_22.jpg?itok=nHJa6A1g" title="Eastern curves of The Club stand. Image © Bates Smart" width="580"></a>
<blockquote>
	The design acknowledges site context in which the theatre of horse racing is played out on all sides - mounting yard, track and members’ lawn to the south; parade ring and day stalls to the east; betting ring to the north; existing grandstands and winning post to the west. 
	The spaces inside the building are to be imbued with a sense of history without feeling beholden to it - featuring elements of the past, but interpreted with clean and sophisticated lines in a modern style, using warm materials. The story of Flemington Racecourse and the VRC is to be woven into the fabric of the building through material, pattern, pictorial and artefact reference and displays.
	The Club Stand is designed to build on the existing heritage at Flemington, and in turn to be an iconic part of the heritage of Flemington’s future."
</blockquote>
<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/Image7_23.jpg" rel="gallery-all" title="Anticipated timeline. Image © VRC"><img alt="" class="image-article-full-width-580px" height="187" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/Image7_23.jpg?itok=bLOhUEWP" title="Anticipated timeline. Image © VRC" width="580"></a>
Whilst the existing stand is heritage listed, the VRC is confident that the new facility will proceed.  Should it do so, owing to its shape "The five-level Club Stand offers sweeping 360-degree views of the Mounting Yard, race track and Members’ Lawn to the south; Parade Ring and raceday horse stalls to the east; Betting Ring to the north; and existing grandstands and Winning Post to the west."  Let's not neglect the CBD, Dandenongs and Bay views as well.
Given the VRC sold near on 3 hectares of unused land fronting Epsom Road to Chinese developer Greenland Group in order to part finance the new Club Stand, one wonders whether the image below will be framed by residential towers in the not too distant future?
<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/Image9_16.jpg" rel="gallery-all" title="Frontal exposure. Image © Bates Smart"><img alt="" class="image-article-full-width-580px" height="230" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/Image9_16.jpg?itok=TRWzF5WT" title="Frontal exposure. Image © Bates Smart" width="580"></a>
Further reading:
<ul>
<li>
		http://media.melbournecup.com/site_media/uploads/vrc-new-club-stand-brochure-2014.pdf</li>
	<li>
		http://www.batessmart.com.au/uploads/projects/03_Hospitality/victoria-racing-club/VRC_2pp.pdf</li>
</ul>
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