Melbourne’s City Circle tram loops past a dense matrix of culture, education and commerce, but few intersections offer as much access in so little walking distance as the northern end of King Street.

Here, Aspire Melbourne rises 64 storeys from the edge of Flagstaff Gardens, with immediate connectivity to tram and train networks, and pedestrian access to Queen Victoria Market, Marvel Stadium and Melbourne’s major university precincts.

Developed by ICD Property with design by Fraser &amp; Partners, Aspire Melbourne brings 570 apartments to one of the CBD’s most spatially balanced positions, directly between civic green space and key employment infrastructure.

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Everything from retail and dining to sporting events, art, theatre, and festivals, or the serenity of the city’s gardens, is within walking distance of Aspire.

Melbourne's thriving coffee culture is showcased in the CBD's cobblestoned laneways, with popular cafes such as Brother Baba Budan, Krimper, Stagger Lee's, Higher Ground, and Manchester Press all nearby.

For culinary enthusiasts, Melbourne offers a variety of dining experiences. Highly recommended establishments include Maha, Farmer's Daughter, Coda, and MoVida Next Door, offering everything from Middle Eastern dinners to a night out.

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Getting around Melbourne is as effortless as finding a great cup of coffee, thanks to the city’s clean, reliable and extensive public transport network. Aspire’s curved tower is a short walk from Melbourne Central Station, Southern Cross Station and the Free Tram Zone, offering seamless connections across the CBD and out to suburban precincts.

This inner-city accessibility is complemented by Aspire’s rare proximity to green space. The tower directly overlooks Flagstaff Gardens, the city’s oldest park, with Fitzroy Gardens and the Royal Botanic Gardens also nearby, framing the CBD in natural beauty.

Just 11 minutes on foot, Queen Victoria Market adds another layer of amenity. A longstanding hub of culture and commerce, it offers fresh produce, gourmet foods, artisanal goods and vibrant multicultural fare, all woven into the daily rhythm of city life.

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To the west, the CBD’s entertainment quarter features Marvel Stadium, just 750 metres from Aspire, ideal for sports fans and major events.

To the south, Crown Casino along the Yarra River offers entertainment, dining and family-friendly activities, accessible in under 10 minutes by tram.

The Arts Centre Melbourne, a hub for visual art, theatre, music and performance, is also within easy reach by public transport or car.

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For families looking to set up roots in the CBD, education options abound within a one-kilometre radius of Aspire.

The prestigious Haileybury opened its Melbourne CBD campus in January 2017 offering Melbourne's first Early Learning Centre to Year 12 private school campus in the CBD.&nbsp;

<a href="/developments/north-melbourne-vic-3051">North Melbourne</a> Primary School, South Melbourne Primary School, Ozford College, and Simonds Catholic College are among the other choices, while universities like Victoria University, La Trobe University, and Monash University are less than 600 metres away.

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A limited selection of one, two, and three-bedroom apartments remain for sale, with pricing starting from $647,000.

“The Melbourne CBD apartment market has evolved in response to both the strong growth of the overall city as well as the increasing attraction of the CBD which offers unique lifestyle appeal, especially to the fast-growing cohorts of young professionals and university students,” <a href="/project-marketer/colliers">Colliers</a>&nbsp;Managing Director Residential Tim Storey said.

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Joel Robinson

On the fringe of Flagstaff Gardens: Aspire Melbourne's prime location

The onset of the pandemic was a tough time for developers across the country.

In Western Australia, development came to a grinding halt.

“There had been little to no increase in the cost to build for about 12 to 13 years before the pandemic,” Gavin Hawkins, Executive Director of <a href="https://www.apartments.com.au/developers/edge-visionary-living">Edge Visionary Living</a>, one of Perth’s premier developers, told Apartments.com.au.

“Everything then went up overnight. Costs escalated, and so did the prices buyers had to pay. Pair the cost increase with the lack of available builders, and any project worth upwards of $100 million had to be paused because it wasn’t feasible to deliver.”

There were also a series of builder insolvencies, while many tier-one firms shifted their focus away from residential towers. “A lot of the large builders had taken on major government contracts for hospitals, schools and transport infrastructure, which offered lower risk and steadier returns. That left very few willing or able to deliver large-scale apartment projects in WA,” Hawkins said.

As a solution-driven business, Edge decided they would bring construction in-house.

“The builder-developer model is a more common model in the eastern states, but it hasn’t really been done in WA before,” Hawkins says. In the middle of 2023, they established Edge Construction, hiring senior staff members from reputable tier-one builders.

“We showed them our pipeline of projects, which de-risked the process somewhat, and now we have a 45-strong construction team working across our six projects currently under construction.”

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Edge’s portfolio is arguably one of the most enviable in the state, with a diverse spread both geographically and in terms of density.

In Crawley, the team is approaching completion of <a href="https://www.apartments.com.au/new-apartments/broadway-on-the-bay-crawley-168-broadway-crawley-wa-6009">Broadway on the Bay</a>, just 21 riverfront apartments in an eight-level building. North of Crawley, Edge is also soon to complete <a href="https://www.apartments.com.au/new-apartments/claytons-mindarie-beachfront-mindarie-50-alexandria-view-mindarie-wa-6030">Claytons Mindarie Beachfront</a>, an 89-residence community comprising apartments, penthouses, and two-storey townhouses.

One of Edge’s most notable developments is <a href="https://www.apartments.com.au/new-apartments/the-dunes-beachfront-residences-scarborough-1-reserve-street-scarborough-wa-6019">The Dunes</a>, a landmark project on the iconic Scarborough beachfront. Its 223 residences are spread across two buildings that will also feature a lagoon pool, wine cellar, and a series of formal and informal dining and lounge areas, reinforcing its positioning as one of the suburb’s most ambitious residential undertakings.

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Edge’s Fremantle project, <a href="https://www.apartments.com.au/new-apartments/muse-at-artisan-place-fremantle-19-burt-street-fremantle-wa-6160">Muse at Artisan Place</a>, is also breaking new ground as the first, and most premium stage, of a new residential precinct in the city’s east end. They have two of the four buildings, Muse West and Muse East, under construction, which will deliver 153 of the broader Artisan Place precinct that will eventually comprise 277 residences.&nbsp;

Not forgetting the CBD fringe, Edge has also commenced the build of <a href="https://www.apartments.com.au/new-apartments/lumiere-south-perth-35-mends-street-south-perth-wa-6151">Lumiere</a>, a mix of 115 one, two, and three-bedroom apartments in a striking curved building by Hilliam Architects in South Perth. Lumiere also leans heavily on resident amenity, with an infinity heated pool with cabanas, a gym with a sauna and yoga deck, billiards room and cocktail bar, a residents’ lounge with fireplace and dining area, and a street-level café and wine bar.

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Edge is doubling down in South Perth, having recently acquired a site on Harper Terrace, the last privately held riverfront block in South Perth’s Mends Street precinct. Hawkins says the team had been working for years to secure the adjoining block, which had four separate owners in an original apartment building. Then the neighbouring cleared block came up for sale, allowing them to create a prized and unrepeatable 4,000 sqm-plus site.

The plan is to launch Harper on Swan, an 11-level building with around 71 apartments, mostly three-bedroom residences, to the market soon. Hawkins says the downsizer market in particular continues to be resilient in WA. “Now their homes are up to double what they were four years ago, and they are ready to take advantage of that and move into a new apartment,” Hawkins says.

“With strong population growth, full employment, and limited supply in the new apartment space, WA is well positioned heading into 2026.”

Edge’s portfolio is arguably one of the most enviable in the state, with a diverse spread both geographically and in terms of density.

How EDGE Visionary Living navigated the pandemic, and came out stronger: Five minutes with Gavin Hawkins

Construction has officially commenced at <a href="https://www.apartments.com.au/new-apartments/botanical-turner-2-forbes-street-turner-act-2612">Botanical Turner</a>, one of Canberra’s most anticipated new residential communities, with site works well underway in preparation for the piling rig to arrive in November. &nbsp;

Developed by <a href="https://www.apartments.com.au/developers/amalgamated-property-group">Amalgamated Property Group</a> in partnership with <a href="https://www.apartments.com.au/developers/base-developments">Base Developments</a>, Botanical Turner builds on the team’s proven track record of delivering landmark projects across Canberra and beyond. It is being brought to life by the highly respected team at <a href="https://www.apartments.com.au/builders/milin-builders">Milin Builders</a>, known for delivering a number of award-winning projects across the ACT.&nbsp;

Almost 50 per cent of the residences have already sold during Stage 1, signalling both the strength of &nbsp;buyer confidence and the rarity of Botanical’s offering.

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Graham Potts, Principal and Founding Director of Amalgamated Property Group, said the market response affirms the vision for Botanical.&nbsp;

“To see construction now underway is a milestone for both our team and our buyers. Nearly half &nbsp;of the residences have been secured in this first stage, which validates our approach of creating &nbsp;homes that are both distinctive in design and generous in scale. Botanical is more than a &nbsp;residential project, it’s a contribution to the future of Canberra’s inner north, designed to hold its &nbsp;value for generations to come.”&nbsp;

Proving popular with owner-occupiers, Botanical Turner offers a broad range of floorplans with one-, two-, and three-bedroom residences designed for flexibility. The project has drawn the attention of downsizers in particular, who value the low upkeep, leafy inner-north location, and forward-thinking considerations for storage and functionality.&nbsp;

&nbsp;

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Designed by award-winning <a href="https://www.apartments.com.au/architects/sjb-architects">SJB Architects</a> (2023 International Interior of the Year at World &nbsp;Architecture Festival and 2024 Premiers Prize at NSW Architecture Awards), Botanical Turner &nbsp;makes a statement in both presence and liveability. The building’s bold geometric form is layered in a palette of red brick, terracotta and crisp white.

Carefully integrated communal spaces, including a landscaped courtyard, arched walkways &nbsp;and open thoroughfares, give residents a sense of connection and ease, while the abundant &nbsp;amenities reflect the expectations of a discerning market backed by Amalgamated’s lifestyle-led approach. These include a concierge, indoor lap pool set among greenery, spa, sauna, &nbsp;steam room and a fully equipped gym.

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Keenan Veraar, <a href="https://www.apartments.com.au/project-marketer/lj-hooker-project-marketing-act-0">LJ Hooker</a>, said Botanical Turner has exceeded expectations in terms of demand.&nbsp;

“Botanical Turner has attracted strong early interest and I believe that is because of three key factors; its beautiful build form, the generous apartment sizes, and buyers know they are purchasing into a project backed by one of Canberra’s most respected development partnerships,"&nbsp;Veraar said.

"Amalgamated and Base have delivered time and again, and that consistency gives people confidence. SJB Architects has created outstanding projects interstate using similar &nbsp;tones and materials, all of which have been incredibly well received. That pedigree reassures &nbsp;our buyers that Botanical will set a new benchmark for Canberra.”&nbsp;

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Dennis Milin, Principal of Base Developments and Milin Builders, said construction progress is advancing on schedule.&nbsp;

“Off-site works and site servicing are nearing completion, with excavation and preparation for &nbsp;piling equipment in progress to allow for the commencement of basement earthworks," Milin says.

"With decades of delivery experience and a longstanding partnership with Amalgamated, we’re &nbsp;committed to bringing SJB’s vision for Botanical Turner to life. The project will be defined by the &nbsp;same uncompromising standards and attention to detail that underpin every one of our developments.”&nbsp;

Apartments at Botanical start from $600,000.

&nbsp;

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Construction commences at Botanical Turner as stage one reaches 50 per cent sold

Design-led property developer <a href="https://www.apartments.com.au/developers/orchard-piper">Orchard Piper</a> has achieved $125 million in sales prior to publicly launching its latest Toorak Village development, <a href="https://www.apartments.com.au/new-apartments/one-toorak-place-7-19-carters-avenue-toorak-vic-3142">One Toorak Place</a>, to market.

The milestone was reached with the sale of a four-bedroom, three-and-a-half bathroom apartment to a Toorak local for $13.75 million, achieving per square metre rates of $37,000.

Another notable recent transaction is the sale of a four-bedroom, three-and-a-half-bathroom residence to Toorak local Paul Rosen for $12.65 million in July representing a square meter rate of $43,174.&nbsp;

In May, the development made history with the record-breaking penthouse sale of more than $20 million, to Group CEO at Accent Group Limited Daniel Agostinelli and his wife Lynette.&nbsp;

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Orchard Piper Director Luke McKie said the record breaking achievement and sales success reflects the demand for thoughtfully designed, luxury residences and the unique lifestyle proposition of a serviced residential building that offers the scale of a home, but with added lifestyle benefits, high security and amenity.

“The early purchasers of this project are very familiar faces to Orchard Piper. Many of them are Toorak locals who have waited years for the right project to buy into. They understand how rare this offering is, and trust us to deliver them an outstanding property.”&nbsp;

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Developed in collaboration with joint venture partner NPACT (a partnership between James Packer’s family office and Todd Nisbet), One Toorak Place introduces a new model of hotel-style residential living to the suburb.&nbsp;

Located at 7-11A and 17-19 Carters Avenue, the development includes a collection of two-, three-, and four-bedroom residences and penthouses, boutique commercial suites, curated retail and an integrated hospitality precinct by acclaimed restaurateur Chris Lucas.

Delivered in his signature style, the precinct will be curated to reflect the spirit of the neighbourhood and the lifestyle of its residents. Lucas will also design a suite of bespoke services for residents of the building, including in-residence private dining, cellar concierge services and priority access to all Chris Lucas restaurants.&nbsp;

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Designed by <a href="https://www.apartments.com.au/architects/kerry-hill-architects">KHA (Kerry Hill Architects)</a>, residents will enjoy access to hotel-style five-star services and amenities, including concierge, a 25-metre lap pool, full-service gym, sauna, steam room, and hot and cold therapies. Also included are a dedicated resident lounge, resident meeting room, a golf simulator, and practical facilities such as dog-wash and car-wash bays.&nbsp;

One Toorak Place is Toorak’s largest planning approval to date, occupying the 3,589 sqm former Mercedes-Benz Toorak site. With a total of 5,000 sqm of premium land under development across two projects in Toorak Village, Orchard Piper’s contribution to the precinct is set to surpass $550 million in value, reinforcing its long-term commitment to design-led renewal in the area.&nbsp;

Construction on One Toorak Place is expected to commence towards the end of 2025.&nbsp;

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The development is now over 30 per cent sold by value in under three months, with significant sales including a record-breaking $20 million penthouse, and two four-bedroom apartments for $13.75 million and $12.65 million. 

Orchard Piper achieves $125 million in pre-launch sales at Packer-backed Toorak Village development

The first large-scale residential community built on the Gold Coast’s <a href="https://www.apartments.com.au/developments/isle-of-capri-qld-4217">Isle of Capri</a> in more than 30 years is nearing sell-out, with limited villas now available in the exclusive island enclave.

Developed by <a href="https://www.apartments.com.au/developers/monaco-property-group">Monaco Property Group</a> and built by <a href="https://www.apartments.com.au/builders/greyburn">Greyburn</a>, Capri Villas brings 48 architect-designed homes to one of the Gold Coast’s most sought-after addresses. The gated community combines privacy, security and premium design in a central location.

Michael Kollosche, Managing Director of <a href="https://www.apartments.com.au/project-marketer/kollosche-new-projects">Kollosche</a>, said security and lifestyle are front of mind for today’s buyers.

“Capri Villas offers the comfort of a home, the convenience of a central location, and the confidence that comes with a gated community.”

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With only a handful of villas remaining, the sales momentum reflects both strong buyer demand for <a href="https://www.apartments.com.au/buildings/capri-villas-81-salerno-street-isle-of-capri-qld-4217">Capri Villas</a> and a broader shortage of new, move-in-ready boutique homes on the Gold Coast.

The villas span two levels, each with three bedrooms, generous living areas and high-end finishes such as marble kitchens with Gaggenau appliances. Solid concrete construction underpins the design, while landscaped courtyards extend living spaces outdoors. Practical inclusions like secure garaging, ducted climate control and ample storage enhance everyday comfort.

Residents also have access to resort-style facilities within the gated grounds, including a swimming pool with cabanas and day beds, landscaped outdoor entertaining areas with barbecues, and a residents’ lounge.

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“Opportunities like this don’t come up often,” Kollosche added.

“Capri Villas combines security, design and location in a way that is rare on the Gold Coast and the level of interest we’re seeing reflects that.”

Isle of Capri is an island community tucked in behind Surfers Paradise, offering residents a quieter lifestyle while remaining close to the action. Linked to the beachfront by bridge, the suburb is favoured for its walkability, with Capri on Via Roma (including Harris Farm Markets) providing dining, cafes and essentials just 800 metres away. Beaches, restaurants and entertainment are close at hand, while transport connections add to the suburb’s appeal.

Capri Villas are located at 81 Salerno Street, Isle of Capri. Two-level, three-bedroom villas are priced from $2.4 million.

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Capri Villas approach sell-out following recent completion

Geelong

A 53 residential-project and reimagining of a historic mansion and former Catholic convent as a private home is on track to create Geelong’s most expensive waterfront real estate.

After a number of years under the name CostaFox, the group are establishing themselves under a new identity, MONNO, and relaunching with a luxury Geelong project, Stella Maris.

Spearheading the team is Managing Director Geno Hubar, along with partner and CostaFox co-founder and Chairman, Robert Costa, with the group currently boasting seven live projects.

MONNO’s latest residential project joins a pipeline amassing a diverse $1.2 billion portfolio of residential and commercial projects in premium locations across Greater Melbourne and the Bellarine Peninsula.

<img alt="Render of the Stella Maris development on the Geelong coastline" data-entity-type="file" data-entity-uuid="2eef508b-5e97-4902-89a7-8fa3de60c66d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/COST2002_Stella%20Maris_IV13%20Balcony.jpg?VersionId=8hXF2nT9rqIyqIDTmVpF5eEAjc3cdtNw" />Render of the Stella Maris development at 39 Bay Street.

Stella Maris takes inspiration from the site’s Italianate heritage mansion which will be returned to its former glory , setting up shop along Geelong’s waterfront at 39 Bay Street, Rippleside.&nbsp;

Offering unencumbered views of Corio Bay and the Geelong city skyline, the $125 million development will deliver 50 generously-sized apartments, along with three exclusive townhomes.&nbsp;

Designed by award winning architects Rothelowman, in collaboration with Carr Design, Stella Maris is one of the most premium apartment or townhouse offerings to hit the Bellarine Peninsula, positioning itself as the first truly luxurious waterfront residential development in Geelong.&nbsp;

The Italianate mansion at the centre of Stella Maris was built in 1848 and was one of the earliest mansion houses in Geelong. Known as St Helens, it was originally a substantial coastal private residence prior to being acquired by the Sisters of Mercy in 1923 and renamed Stella Maris – “Star of the Sea” – to be used as a convent and teaching institution.

MONNO engaged Rothelowman to reimagine the 1.25 hectare waterfront site with contemporary residential buildings centred around the retained and celebrated St Helens. Carr is tasked with returning the mansion back to its former glory as a single coastal residence paired with a contemporary rear addition with all the mod-cons synonymous with luxurious and contemporary living by the sea.&nbsp;

One-bedders in Stella Maris will start at $595,000, with the six three and four-bedroom penthouses ranging from $4 million to $6 million.&nbsp;

<img alt="Render of the wellness centre set for Stella Maris" data-entity-type="file" data-entity-uuid="f59ac893-d566-4057-ae5d-c18834901139" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/COST2002_Stella%20Maris_CV04%20Pool%20Vignette.jpg?VersionId=2JCsPUEXuoXa9dhQgTZirZVnvZ7cgZkM" />Render of the wellness centre set for Stella Maris.

The project will include layered and textured landscaping, as well as sustainability features throughout, with the development boasting a fossil fuel free status.&nbsp;

As per all luxury developments, a host of residential amenity offerings will find a home within Stella Maris, with a comprehensive wellness centre planned, inclusive of a lap pool, gym, yoga and steam room, in addition to an edible garden, dog washing facilities and EV charging bays.&nbsp;

Hubay said the group was incredibly confident to bring Stella Maris to the market.

“It’s an exceptional coastal enclave that offers striking architecture with a new kind of living that the Bellarine Peninsula has not seen before. The project’s size and location are unique for Geelong and we’re excited about launching this November,” Hubay said.&nbsp;

Construction is set to commence in Q3 of 2023, with completion forecast for 2025.&nbsp;

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alisonwarters@gmail.com

MONNO launch new brand with Geelong development Stella Maris in the pipeline

The decision to buy the site of Geelong Quarter at 44 Ryrie Street back in 2017 was flagged as crazy by many, with Franze Developments Founder, Paul Franze, labelled “mad” even.&nbsp;

Now with 111 out of 124 apartments sold, including all 15 luxury residences, in the group’s twin-tower Geelong Quarter project, Franze has silenced the critics.&nbsp;

"If I remember back in 2017 when we were first offered the site. We had no idea at the time it would lead to us building the 1st Hotel in the city for some 20 plus years and the biggest private and largest mixed-use development in Geelong. Yet we had vision and we saw how Geelong was growing fast," Franze said.&nbsp;&nbsp;

The group also secured British hotel giant IHG Hotels &amp; Resorts and its Holiday Inn brand as the operator for the project’s 180-room hotel, the first new accommodation offering in the city for over 20 years.&nbsp;

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It’s been a long five years, with a pandemic in between, with the 15-level project topping out last month.&nbsp;

On the site of a former bus depot, the $200 million project has paved the way for developers, realising the potential of the state’s second city, which is only set to continue to develop.&nbsp;

As one of the biggest private sector developments in the bayside city, Geelong Quarter has launched a renaissance in the area, with the momentum of buyers looking to live outside the CBD only growing.

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Geelong’s proximity to some of the best surf beaches in the world, not to mention being home to a resurgent Geelong Cats team, have all added further gloss to the booming regional centre, Franze said.

“More than five million visitors come to Geelong annually, 45 per cent of which are overnight stays. The strong owner-occupier market, combined with the population boom, means there’s demand to cater for visitors to the city, as well as residents and workers. The Geelong Quarter has been designed with this in mind, to cultivate significant activity that will add incredible value to the city." he said.

Both the apartments and the hotel will further embed Geelong’s rising status, with the population expected to increase by 124,000 between now and 2041, along with being a popular tourist destination.&nbsp;

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On the residential side, plans by the City of Greater Geelong to quadruple the Geelong CBD residential population to more than 10,000 by 2030 is expected to drive demand for around 2500 apartments, while its liveability status has only been enhanced by the work-from-home trend.

Deputy Mayor Trent Sullivan said Central Geelong’s population is growing faster than the broader municipality.

“Geelong Quarter will not only attract new residents, but also lift the standard of accommodation for visitors keen to explore the city,” he said.&nbsp;

“This development is a great indication of the level of activity and investment the area is experiencing, as more people learn why Central Geelong is an attractive place to live, work and socialise.”

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Further tipping the scales in the move to Geelong comes with the Port of Geelong, which will soon be the sailing point for the Spirit of Tasmania, as well as the $140 million redevelopment of the Geelong Arts Centre, which is situated across the road from Geelong Quarter.&nbsp;

The Franze vision was to create a new gateway site at the south-western end of Ryrie Street, but also create a new link between the CBD, the cultural precinct and the bay.

"I suppose in life nothing comes easy and this development is a true reflection of this, we initially set out on developing a hotel, office and mixed use development, then Covid hit and we quickly realised that trying to development and spec 9000 sqm office building with no tenants was going to be a monumental task, so we &nbsp;altered our direction and subsequent permit to what you see here today, the largest mixed use development in Geelong,” Franze said.

Residents of the apartments in Geelong Quarter can expect to move in before the year’s out, while the hotel is expected to open its doors by late January.&nbsp;

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The final collection of residences in Geelong Quarter are currently selling, with only 13 remaining in Ryrie Home.

Ryr​ie Home features a collection of 109 one, two and three-bedroom apartments that benefit from a Rooftop Residents terrace with BBQ and northern bay views.&nbsp;

Residents will also benefit from room service, housekeeping, a swimming pool, business centre, flexible meeting, and function spaces, all atop the newly built hotel.&nbsp;

RPM Sales Director, Nic Cuni, said he had been fielding a flurry of enquiries post the final siren.&nbsp;

"There's been a number of calls from people who had been flirting with the idea of buying an apartment at Ryrie Home. With only 13 apartments remaining and all larger owner-occupier north facing, I'm expecting the footy hype will flow over into solid deals."

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Geelong Quarter's Ryrie Home nears sell-out as completion approaches

As Australia&rsquo;s fastest-growing regional city, Geelong has evolved rapidly over the past few years and become a popular destination for people looking to make a city swap.

Its close proximity to Melbourne, while still having the small-town community feel, makes it an attractive place for buyers to call the suburb home.&nbsp;

Set to be the next boomtown, construction is well-underway on the&nbsp;Franz&eacute; Development, which&nbsp;will play an important role in the revival of Ryrie Street creating a vibrant arts, entertainment, and hospitality precinct.

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Paul Franze, Founder of Franz&eacute; Developments, said that the area has undergone a massive change since they purchased the site back in 2017.

&ldquo;We knew Geelong was on the cusp of transformation and to be at the forefront of the magnitude of the revitalisation is inspiring,&quot; Franze said.

&quot;The Geelong Quarter is to be the Ryrie Street gateway to the city. The new hotel, luxury residences above the hotel and Ryrie Home apartments will create a vibe which will be enhanced by the street level retail and hospitality venues.&quot;.

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Post-pandemic, people are now seeking quality-living and desire a place to live that can provide them more than just a home, but a lifestyle also.

&ldquo;There has been a huge increase in people moving from Melbourne to Geelong who don&rsquo;t just need but expect to be able to have a choice of venues and services that they are accustomed to and Geelong is certainly on the way to creating that choice,&quot;&nbsp;Franze added.

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Inspired by popular mixed-use developments in other metropolitan cities, Geelong Quarter will offer a hotel, luxury residences and apartments, complimented by an activated ground floor urban precinct, anchored by premium dining and hospitality experiences.

Franze Developments has announced it is actively seeking hospitality operators with unique concepts for Geelong locals to enjoy.

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The six available spaces provide opportunity for local business&rsquo; to be part of Geelong&rsquo;s rejuvenated cultural precinct and performing arts centre.

Allan Forsdick, Senior Food and Hospitality Consultant at Future Foods said that Geelong&rsquo;s growth trajectory is likely to accelerate over the coming years with the addition of major projects such as the new home of the Spirit of Tasmania and the Geelong Convention and Exhibition Centre.

[smartcode_project:default project_id=5559 project_image_fid=88242]

&ldquo;Future Food are very excited to be involved with Geelong Quarter, a premier mixed-use development in Geelong&rsquo;s CBD. From a hospitality perspective we believe that Geelong Quarter will become a new benchmark in this fast-evolving city, complementing the Performing Arts Precinct and the vibrant laneways around Little Mallop Street,&rdquo; Allan said.

Future residents will also benefit from a variety of high-end amenity, including room service, housekeeping, a swimming pool, business centre, flexible meeting, and function spaces, all atop the first newly built hotel in Geelong in over 20 years, Holiday Inn and&nbsp;Suites Geelong.

[smartcode_project:default project_id=5559 project_image_fid=88243]

The new lifestyle precinct is strategically located 500-meters from the foreshore and the same distance to the CBD, with parks, theatres, public transport, galleries, restaurants, and cafes all within walking distance.

Construction is estimated to be complete by the end of the year.

[smartcode_project_cta: project_id=5559]

Set to be the next boomtown, construction is well-underway on the Franzé Development, which will play an important role in the revival of Ryrie Street creating a vibrant arts, entertainment, and hospitality precinct.



Geelong Quarter development construction on track for 2022 completion

The multi-billion dollar property developer GURNERTM has picked up a site in Geelong for its next mixed-use residential project.

Tim Gurner, founder of GURNERTM, has teamed up with the local&nbsp;property identity Dean Montgomery to&nbsp;transform a historic former wool store at&nbsp;20-28 Brougham Street, creating&nbsp;a sustainable mixed-use precinct with an activated ground plane, a hotel and urban gardens, and residential apartments above the hotel.

“We will be bringing an incredible 5-star hotel to this location, that will feature a retail and hospitality offering at the ground floor that will be reminiscent of Chelsea Market in New York," Gurner says.

“Sitting on top of the hotel will be a collection of large luxury owner-occupier residences for locals and downsizers."

The vision by Gurner and Montgomery will see&nbsp;the restoration of the heritage façade of the historic four-storey, red brick building. There will be a new&nbsp;ground-floor food and beverage precinct created, linking the new council offices to the nearby university by foot, as well as a 5-star hotel component and luxury residences in the upper levels, along with a carbon neutral target as part of GURNERTM’s ambitious Greener by Gurner initiative.

GURNERTM engaged Fender Katsalidis to realise the design vision for the site and will lodge an amendment to that permit in late 2022.

Gurner believes there is considerable future growth in the Geelong area.

“Geelong has always been Victoria’s quiet achiever, but now with the renewed regional push as many families consider regional locations, I believe Geelong’s market run hasn’t really even begun yet.

"Buyers are reassessing their lifestyle choices and are looking for affordable locations close to beaches with easy accessibility into the CBD, and Geelong ticks all those boxes and more.

“Regional tourism is set to flourish in the next few years, as holiday preferences change and regional destination such as Geelong continue to grow in popularity – the opening of new attractions, like the Spirit of Tasmania terminal in Geelong, will further drive this activity."

Gurner says the building will be fully carbon neutral,&nbsp;and will offer an environmental point of difference not seen in Australia to-date.

“This is one of the last remaining prime waterfront sites with north-facing water views so we are excited by the possibilities and what we can deliver to truly maximise this incredible location.

“We acquired the site with Dean with the intention to create a residential, commercial and hotel precinct and it is our intention to bring that to life, however if the planning changes make that difficult we will proceed with the existing office scheme."

“Geelong has always been Victoria’s quiet achiever, but now with the renewed regional push as many families consider regional locations, I believe Geelong’s market run hasn’t really even begun yet."

"Reminiscent of Chelsea Market in New York." Gurner's Geelong mixed-use precinct plans

The largest numbers of capital-city dwellers moving into regional Australia continue to head for the high population coastal centres close to capital cities.

The Gold Coast continues to be the most popular destination among people moving from their capitals to the regions. The next most popular destinations were the Sunshine Coast, Greater Geelong, Wollongong and Newcastle, the report from Commonwealth Bank and the Regional Australia Institute (RAI) noted.

Victoria&rsquo;s Greater Geelong area &ndash; located one hour outside of Melbourne&rsquo;s CBD &ndash; was among the standout localities that saw an influx in capital city movers, with an increase of 26 per cent during the full year to June 2021.

The LGA of Wyndham (which neighbours Geelong) was the largest source of this migration, at 18 per cent followed by other Melbourne LGAs: Brimbank, Moreland, Melbourne and Moonee Valley municipalities.

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Approvals for new housing in Geelong were 48 per cent higher in 2020/21 in comparison to the previous year, the report noted.

The evolution of Geelong gained momentum with the launch of Franz&eacute; Developments&rsquo; $150 million Geelong Quarter precinct in 2018.

It was described as the most significant mixed-use project on the Bellarine Peninsula in two decades.

Designed by Architectus, Geelong Quarter will be an active hub for 1,500 residents, workers and visitors each day on its 2022 completion.

[smartcode_project:default project_id=5559 project_image_fid=88243]

The former Trans Otway bus depot at 44 Ryrie Street will see a $200 million transformation with the project within walking distance to Geelong train station, connecting Melbourne in about an hour..

The largest tower will contain a Holiday Inn &amp; Suites hotel and luxury owner-occupier apartments above, known as Ryrie Residences.

Marketing is currently underway on another offering, Ryrie Home, the residential apartment complex where many of the 109 one, two and three-bedroom apartments have views of Corio Bay.

[smartcode_project:default project_id=5559 project_image_fid=173776]

Recently Stockland enhanced its residential pipeline in Victoria with the purchase of 502-580 Boundary Road, Armstrong Creek for $43 million. 
&nbsp; 
It is located in the Armstrong Creek Urban Growth Area, 10 kilometres south of the Geelong CBD, Victoria&rsquo;s second largest city.

The 30.6 hectare site will see Stockland build around 500 homes in a new masterplanned community.

The national CommBank report confirmed a continued surge in the number of Australians moving from capital cities to regional centres.

According to the June quarter Regional Movers Index, there was an 11 per cent rise in the number of people moving from capital cities to regional areas compared with the June 2020 quarter.

The Victorian local government areas recording strong growth in metro-movers over the year to June included Moorabool, Mansfield and Corangamite.

[smartcode_project:default project_id=102580 project_image_fid=167438]

Commonwealth Bank&rsquo;s Executive General Manager for Regional and Agribusiness Banking, Grant Cairns noted with house prices rising and flexible work options now more commonplace, the decision to make a lifestyle shift and move to a regional area has become a realistic option.

&ldquo;The experience of lockdowns is front of mind for Victorians, so the desire to seek a tree change is rapidly growing. It is positive to see the development of infrastructure - particularly in regional areas &ndash; is growing to meet the increased demand.&rdquo;

Melbourne saw its share of net capital city outflows increase to 47 per cent, from 39 per cent a year earlier while Sydney had the highest share of net capital city outflows at 49 per cent and regional NSW picked up the largest share of net migration into regional Australia.

Perth was the only capital to see more people moving into the city than leaving.

Melbourne saw its share of net capital city outflows increase to 47 per cent, from 39 per cent a year earlier

jchancellor-FAypfDUnLy

Greater Geelong attracting Melbourne departees

The number of new loan commitments amongst investors has continued to see steady growth, up 1.8% in July, according to the ABS.

While not as exaggerated as earlier this year, ABS data shows that new loan commitments by investors has risen 98.7% for the year. After a rise of 0.7% in June, the level is the highest seen since the all-time high in April 2015.

This can be attributed in part to interest rates remaining at or near record lows, while the skyrocketing growth towards the start of 2021 was due in part largely to a number of government initiatives including the HomeBuilder Grant.

With investor loan commitments chugging along solidly, Urban has highlighted the developments in the suburbs most popular amongst investors&nbsp;for the month of August.

<h2>Geelong</h2>

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Geelong has remained consistently popular among Investors, making an appearance on many of Urban's top investors suburb lists with a particularly strong showing this month. The suburb had more hits than second and third place, Footscray and Moonee Ponds put together.

For good reason, as one of Urban's most popular projects, Ryrie Home, find's itself in Geelong.&nbsp;Ryrie Home sits in the heart of the regional city’s art precinct, pitching its proximity to Melbourne and cheaper housing prices as a drawcard for investors and owner-occupiers alike.

The project was listed as Urban's most popular investor project for Q1 2021 thanks to Geelong’s low vacancy rate of 1.7 per cent and the 10 per cent per annum growth in apartments over the last three years.

And the transport improvements in Geelong, including the $100 million fast rail and the $6.7 billion Westgate Tunnel which will shave 20 minutes off any commute, has investors keen on securing a property in the growing area.

Read more: <a href="/news/vic/why-ryrie-home-geelong-apartments-have-been-a-hit-with-investors">Why Ryrie Home has been so popular with investors</a>.

<h2>Moonee Ponds</h2>

Investors have been attracted to Moonee Ponds over August, with the two headline projects Thomas Street and Feehan Row proving the most popular.

[smartcode_project:default project_id=103179 project_image_fid=167494]

Thomas Street&nbsp;is the first apartment building within the $2 billion Moonee Valley Park master-plan, currently underway by property developer Hamton and financier HostPlus.

Rising six storeys,&nbsp;Thomas Street&nbsp;was designed by the award-winning&nbsp;Rothelowman, who partnered with Hamton for much of the residential work across the project, including Feehan Row, the terrace and house development in the master-plan’s first release.

Being a part of the Moonee Valley Park has residents living alongside&nbsp;the crowning jewel of the master-plan, the horse-racing club now known as The Valley. With a new grandstand, the Moonee Valley Racing Club aims to be the premier night racing venue and is already home to major races like the Cox Plate.

[smartcode_project:default project_id=102580 project_image_fid=167438]

<h2>Southbank</h2>

Southbank's Melbourne Square is another development consistently tracking with as one of Urban's most popular among both investors and first home buyers.

OSK Property are the group behind the boutique collection of homes at Melbourne Square.

Featuring four distinct themes, it has been architecturally designed by Cox Architecture, with interiors by designer Sue Carr, creating open-plan spaces which make the most of the spectacular city views on offer.

[smartcode_project:default project_id=2929 project_image_fid=139894]

Each bedroom boasts sweeping&nbsp;views via floor-to-ceiling glazing, plus the master suites offer a panoramic city vista.

Set for completion in mid 2021, amenities include a full-line Woolworths and other shops as well as resort-style facilities including pools, sauna, spa, gymnasium and a yoga room.

<h2>Ivanhoe</h2>

[smartcode_project:default project_id=22308 project_image_fid=75052]

Investors have shown interest in&nbsp;Blue Earth Group's latest apartment development, Ivanhoe Gardens, in Melbourne's north-east, which will offer&nbsp;over 2,000 sqm of dedicated amenity space.

The development, built across two stages by leading builder Hamilton Marino to designs by CHT Architects, has 13 different entertainment zones.

Ivanhoe Gardens is situated just off Bell Street, Ivanhoe’s main arterial road. It is near a significant employment hub, with Victoria’s largest medical precinct and La Trobe University within a 4-kilometre radius.

The development is made up of two buildings, Bloomfield, which is stage one of the development, and Linden &amp; Arbour, which is stage two.

The number of new loan commitments amongst investors has continued to see steady growth, up 1.8% in July ABS data found

jordan_55689

Melbourne's most popular suburbs for investors in August

Stockland has enhanced its residential pipeline in Victoria with the purchase of 502-580 Boundary Road, Armstrong Creek for $43 million. 
&nbsp; 
It is located in the Armstrong Creek Urban Growth Area, 10 kilometres south of the Geelong CBD, Victoria&rsquo;s second largest city.

The 30.6 hectare site will see Stockland build around 500 homes in a new masterplanned community.

[smartcode_project:default project_id=5559 project_image_fid=88244]

It marked a returned to the Greater Geelong area for Stockland which has over $2.7 billion invested in Victoria.

&quot;This acquisition in Greater Geelong is a natural expansion of our significant portfolio of popular communities in Melbourne, which are home to more than 33,000 residents,&rdquo; said Stockland&rsquo;s general manager of residential for Victoria, Mike Davis. 
&nbsp; 
Stockland will commence sales for Armstrong Creek and initial site works in early 2022. 
&nbsp;

Located in the Armstrong Creek Urban Growth Area, 10 kilometres south of the Geelong CBD, the 30.6 hectare site will see Stockland build around 500 homes

Stockland plan 5000 homes at Geelong district's Armstrong Creek

Investors have been flocking to Ryrie Home, Franz&eacute; Developments&rsquo; latest mixed-use development that forms part of the new Geelong Quarter.

Located at 44 Ryrie Street, Ryrie Home sits in the heart of the regional city&rsquo;s art precinct, pitching its proximity to Melbourne and cheaper housing prices as a drawcard for investors and owner-occupiers alike.

The project was listed as Urban&#39;s most popular investor project for Q1 2021 thanks to Geelong&rsquo;s low vacancy rate of 1.7 per cent and the 10 per cent per annum growth in apartments over the last three years.

And the transport improvements in Geelong, including the $100 million fast rail and the&nbsp;$6.7 billion Westgate Tunnel which will shave 20 minutes off any commute, has investors keen on securing a property in the growing area.

[smartcode_project:default project_id=5559 project_image_fid=88241]

Population growth is always a key driver for increased demand in the residential market, especially in regional areas.

With Geelong&rsquo;s population growth forecast at 3.14 per cent per annum, the demand for housing tends to&nbsp;yield consistent returns.

Geelong supports over 100,000 jobs, with Greater Geelong&#39;s output of economic development pegged at over $31 billion.

[smartcode_project:default project_id=5559 project_image_fid=168395]

The previously industrial city on the western edge of Port Phillip Bay is changing into one driven by services, as a range of major businesses shift head offices to Geelong.

Among these include Qantas, KFC, WorkSafe, Jetstar and the NDIA federal government agency administering the National Disability Insurance Scheme.

There&#39;s further development of new buildings, including the $174 million Geelong Convention Centre on the waterfront which will have 1000 seats and an exhibition centre.

There will be a new $91 million HQ for the Geelong council with 10,000 sqm of office space. Nearly $175 of increased tourism expenditure will come from the Spirit of Tasmania, which will relocate to the Geelong Port by 2029.

[smartcode_project:default project_id=5559 project_image_fid=88246]

Property investors are also being drawn to the region with the Bellarine Village Shopping centre selling for $38 million, and investment giant Brookfield looking to sell their 50 per cent stake in Geelong Port, which some investors say has a $1.8 billion value.

Ryrie Home is a short walk from the train station, shopping, dining, and the foreshore, as well as educational offerings, including Deakin University, which has over 60,000 students.

[smartcode_project:default project_id=5559 project_image_fid=88248]

The ground floor of the development will be activated with a curated selection of retail stores for buyers&rsquo; convenience.

The new development is a contemporary residential space in a well-connected village.

Designed by Architectus, the project boasts an authoritative and restrained grid fa&ccedil;ade, pedestrian laneways, commercial retail, and F&amp;B spaces, as well as hotel and residential lobbies.

Each residence has been cleverly planned to deliver great amenity, comfort and abundant storage, including a dedicated laundry room.

[smartcode_project_cta: project_id=5559]

Investors have been flocking to Ryrie Home, Franzé Developments’ latest mixed-use development that forms part of the new Geelong Quarter

max.kwok_55688

Why Ryrie Home, Geelong apartments have been a hit with investors

Over half the residences in the 14-storey Ryrie Home tower, the first stage of Franz&eacute; Developments&rsquo; Geelong Quarter project, have been sold.

Presales in this stage were &ldquo;north of&rdquo; $30 million and apartments in that building sold on average for $9,000 per square metre, MaxCap&rsquo;s state director for Victoria, Johnny Woodhouse, told the AFR last month.

Non-bank lender MaxCap Group is providing the development with a $97 million first-mortgage facility for the construction of the two-tower residential and hotel complex.

[smartcode_project:default project_id=5559 project_image_fid=168395]

Offering a collection of one, two and three-bedroom residences, Ryrie Home is set to deliver 109 apartments in the heart of Geelong&rsquo;s arts precinct.

Designed by Architectus, the distinctive building of glass and sleek, contemporary lines exudes a bold character.

[smartcode_project:default project_id=5559 project_image_fid=88242]

The material choices are a nod to the strength that defines Geelong&rsquo;s character, said principal architect Oliver Mayger.

<blockquote>
&ldquo;Ryrie Home has drawn upon the history of Geelong and its architectural vernacular. The robust materiality and strong compositional order of the brick woolstore are defining markers of the city character and are considered through our podium scale and design&rdquo;, he said.
</blockquote>

The interiors have been thoughtfully designed to ensure efficient, flowing spaces, and feature open-plan living space, floor-to-ceiling windows, and an abundance of natural light.

[smartcode_project:default project_id=5559 project_image_fid=88244]

According to the developers, project completion is on track for late 2022 with privately-owned Maxcon Constructions leading the construction.

Construction is well underway with the tower crane up and the structure now seen coming out of the ground.

<img alt="" height="667" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-08-13_at_9.43.46_am.png" title="construction image" width="988" />

Ryrie Home is a connected vertical village, featuring a communal rooftop lounge with barbeque and dining facilities overlooking Corio Bay and Geelong CBD.

[smartcode_project_cta: project_id=5559]

Over half the residences in the 14-storey Ryrie Home tower, the first stage of Franzé Developments’ Geelong Quarter project, have been sold

Over 50% of Ryrie Home, Geelong apartments sold as structure comes out of the ground

Homebuyers are continuing to choose regional Victoria for their new homes thanks to more affordable properties and a better lifestyle.

Developers identifying this tree change have begun developing premium townhouse and apartments outside of the Melbourne CBD, delivering potential opportunities for strong investment in the future.&nbsp;

Urban takes a look at four of the best luxury developments available in regional Victoria.

1. Ryrie Home, Geelong 
Developer: Franz&eacute; Developments 
Three-bedroom apartments from $850,000

[smartcode_project:default project_id=5559 project_image_fid=88241]

Ryrie Home boasts one, two and three-bedroom residences across 11 storeys, drawing upon Geelong&rsquo;s history and its architectural vernacular.

Located in the fastest-growing regional city in Australia, the development provides the ideal sea change for residents hoping to escape the bustle of cities like Melbourne and Sydney.

[smartcode_project:default project_id=5559 project_image_fid=88244]

Residents have access to a residents rooftop with barbeques, generous gardens and Northern bay views.

Designed by Architectus, the project is expected to reach completion in late 2022.

2. Sonnet, Safety Beach 
Developer: Buildcap 
Three-bedroom townhomes from $1,935,000

[smartcode_project:default project_id=25950 project_image_fid=77759]

Just an hour&rsquo;s drive out of the Melbourne CBD, Sonnet is set amongst some of Victoria&rsquo;s most picturesque bays, including Martha&rsquo;s Cove.

Designed by WallaBrice Architecture, the development features 14 three and four-bedroom townhomes with open-plan interiors and light-filled spaces.

[smartcode_project:default project_id=25950 project_image_fid=77761]

&ldquo;[The Martha Cove area] is establishing itself a true community lifestyle and residents really will have everything at their doorstep&rdquo;, Buildcap director Stuart Biggs said.

Expected to finish construction this year, Sonnet is ideal for owner-occupiers looking for a seaside property close to established amenity and with easy access to the city.

3. LUXX, Daylesford 
Developer: Property by Sabau 
Three-bedroom townhomes from $875,000

[smartcode_project:default project_id=26737 project_image_fid=83490]

&ldquo;If you ever wondered what the love child of Scandinavian sophistication and Palm Springs chic would look like, ponder no more&rdquo;, the project marketing for LUXX Daylesford reads.

Located just over an hour from Melbourne with Spa Country on your doorstep, the development offers bespoke three-bedroom residences with a contemporary elegance.

[smartcode_project:default project_id=26737 project_image_fid=83496]

Designed by Plus Architects, each single and double-storey townhome boasts manicured front gardens and its own sense of character.

4. Hazel No 5, Belmont 
Developer: Arc 
Three-bedroom townhomes from $659,000

[smartcode_project:default project_id=28949 project_image_fid=79183]

Located between High Street and Highton Village sits three thoughtfully-designed, double-storey townhomes.

Each home at 5 Hazel Street features high-quality finishes, intelligent use of space and an abundance of natural light.

[smartcode_project:default project_id=28949 project_image_fid=79184]

With a choice of two colour schemes &ndash; light or dark &ndash; the refined colour palettes accentuate the details.

Delivered by Arc and constructed by L10, features at Hazel No 5 include picture windows, entertaining areas, walk-in robes and luxurious ensuites.

Check out four premium residences across regional Victoria in Hepburn Springs, Geelong and the Mornington Peninsula

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