ANZ believes the Reserve Bank is in no rush to move again.

Following the release of the May Monetary Policy Board Minutes, ANZ has taken the view that the RBA is now firmly in a holding pattern, with the cumulative impact of previous rate hikes giving the Board scope to assess how the economy evolves from here.

That positioning, in ANZ’s view, makes a June rate hike unlikely.

The bank continues to expect the cash rate to remain unchanged at 4.35 per cent for an extended period, with the RBA adopting what is effectively a wait-and-see approach.

The Minutes point to a Board that sees financial conditions as already restrictive, but without a clear read on just how restrictive they are. That uncertainty has shifted the focus away from immediate policy action and toward monitoring both domestic conditions and global developments, particularly the conflict in the Middle East.

As ANZ interprets it, the Board is deliberately avoiding strong forward guidance.

Instead, it is allowing itself flexibility, acknowledging that monetary policy has limited ability to influence the near-term trajectory of inflation, while also recognising that economic growth is likely to remain below potential for some time.

Despite that pause in momentum, ANZ notes that the Board still carries a tightening bias.

The Minutes reveal that, in weighing up its decision, the Board seriously considered another 25 basis point increase. The key debate centred on the trade-off between inflation and activity, particularly in the context of global uncertainty.

Ultimately, most members leaned toward the inflation side of that equation.

Underlying inflation is still expected to remain above target for an extended period, regardless of how external risks evolve. That has led to a view within the Board that the risks to its inflation objective have increased, and that the current cash rate may not be sufficiently restrictive to fully contain those pressures.

That’s important.

While the decision, for now, is to hold, the underlying tone of the Minutes suggests the door to further tightening has not been closed.

ANZ also points to commentary from Assistant Governor (Economic) Sarah Hunter, who highlighted the risk that inflation could pass through the economy more quickly and broadly than in previous cycles. Both Hunter and a majority of the Board expressed concern that inflation expectations could become less anchored after such a prolonged period above target.

That combination, persistent inflation and the risk of expectations shifting, is what continues to underpin the RBA’s cautious stance.

However, where ANZ diverges from the RBA is on the outlook for activity.

The Board appears relatively comfortable with current spending patterns, effectively downplaying recent declines in business and consumer sentiment. It notes that sentiment has historically been only weakly correlated with actual spending, and that feedback from its liaison program has not yet pointed to a meaningful slowdown in consumption.

ANZ is less convinced.

The bank believes the link between household disposable income, sentiment and spending is more direct than the RBA is currently acknowledging. With inflation continuing to erode real incomes, ANZ expects household spending to soften more materially than the central bank is forecasting.

That divergence matters because it shifts the balance of risk.

If activity weakens more than expected, the trade-off between inflation and growth changes. In ANZ’s view, that would reduce the need for further tightening and reinforce the case for the RBA to remain on hold.

It also suggests that the current policy setting may already be doing more work than the Board fully appreciates.

The broader takeaway from ANZ’s interpretation is that the RBA is walking a narrow path.

On one side sits the risk of inflation remaining elevated for longer than expected. On the other is the growing pressure on households and the potential for a sharper slowdown in activity.

For now, the Board is choosing to wait.

But it is a pause that still carries an underlying tightening bias, rather than a clear pivot toward easing.

In practical terms, that leaves the cash rate anchored at 4.35 per cent for the foreseeable future, with the next move still uncertain.

For borrowers, it reinforces the reality that relief is not imminent.

And for the broader economy, it highlights the delicate balance the RBA is trying to strike, between bringing inflation back to target and avoiding an unnecessarily sharp slowdown in growth.

According to ANZ, it is a balance that is becoming increasingly difficult to maintain.

Joel Robinson

RBA to hold rates for "prolonged period" rather than hikes: ANZ

<a href="https://www.apartments.com.au/developers/venturecrowd-property-projects">VentureCrowd</a> is down to the final Canopy Villa release at Cumulus Grand Villas in Carrara, as construction continues on the 59-residence gated community positioned above 100 hectares of natural savanna on the Gold Coast.

The remaining Canopy Villa forms part of one of four collections within the <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>-designed community and has attracted interest from buyers seeking larger-format homes that combine privacy, security and low-maintenance living. Positioned within a private cul-de-sac and facing a protected black she oak forest, the four-bedroom villa includes a large private outdoor area suited to pet owners and families wanting more flexible space.

<a href="https://www.apartments.com.au/new-townhouses/cumulus-grand-villas-carrara-17-baltimore-court-carrara-qld-4211">Cumulus Grand Villas</a>, located at 17 Baltimore Court, comprises a mix of three and four-bedroom villas across the Skyline, Canopy, Savanna and Broadview collections. Prices currently range from $1.455 million to $1.895 million, with the final Canopy Villa priced from $1.825 million.

[smartcode_project:default project_id=135663 project_image_fid=360477]

The Canopy Collection villas offer four bedrooms, 2.5 bathrooms and approximately 245 sqm of internal space, alongside double garages and landscaped private areas. Expansive glazing, open-plan living spaces and private balconies have been designed to maximise natural light and outlooks toward the surrounding savanna landscape.

Construction is now underway across the fully funded development, which VentureCrowd says has become an increasingly important consideration for buyers assessing off-the-plan opportunities on the Gold Coast. The project is being delivered by <a href="https://www.apartments.com.au/builders/devcon">Devcon Property Group</a>, which has operated in South East Queensland since 1993 and delivered more than 1,000 homes across the region.

VentureCrowd Director of Property David Whitting previously said the project responds to changing buyer priorities in the prestige Gold Coast market.

“Flexible floorplans have proven particularly relevant for purchasers aged between 40 and 65, including next home buyers, downsizers and investors,” Whitting said.

[smartcode_project:default project_id=135663 project_image_fid=360505]

The buyer profile at Cumulus has reflected that shift toward owner-occupier-driven demand. Stuart Towns and Tracey Loynes recently purchased a Canopy Villa, drawn to both the lifestyle offering and the flexibility the home provided for their next stage of living together.

The couple, who met three years ago, sold their Robina home earlier this year after identifying what they saw as strong long-term investment potential at Cumulus while remaining within the same Gold Coast market. The villa’s private backyard was a major drawcard for their dog Luna, while proximity to golf courses including Emerald Lakes also aligned with their lifestyle interests.

Beyond the residences themselves, the community has been planned around shared lifestyle and recreation amenities. The Infinity Terrace will include a 20-metre heated pool, barbecue facilities, alfresco dining spaces and elevated retreat areas overlooking the surrounding landscape. Walking trails, a private nature reserve, orchard and herb garden are also integrated into the masterplan.

[smartcode_project:default project_id=135663 project_image_fid=360473]

BDA Architecture Director Darren Greenaway said the design approach was heavily influenced by the site’s outlook and secluded setting.

The practice sought to create what Greenaway described as a “little piece of paradise,” drawing inspiration from the elevated views, surrounding greenery and quiet location.

<a href="https://www.apartments.com.au/developments/carrara-qld-4211">Carrara</a> continues to attract buyers seeking larger homes within proximity to the coast but without direct beachfront pricing. Cumulus sits within easy reach of Broadbeach, Pacific Fair, Robina Town Centre and the M1, providing connections north to Brisbane and south toward the Gold Coast Airport and northern New South Wales.

The first stage of Cumulus Grand Villas is targeting completion in 2026.

[smartcode_project_cta:default project_id=135663]

VentureCrowd nears sell-out of Canopy Collection at Cumulus Grand Villas in Carrara

Waverley Council has made a call that many councils have been reluctant to make publicly. Growth is coming, regardless of who controls it.

The release of the Bondi Junction Vision and Master Plan is less about whether the Eastern Suburbs’ primary centre will change, and more about how that change is shaped, funded, and ultimately experienced on the ground. Waverley Council has released a 100-page plan which is effectively the first comprehensive blueprint for Bondi Junction in over two decades, and in doing so, signals a clear shift in how councils are positioning themselves in the current planning environment.

For the past 18 months, the conversation across New South Wales has been dominated by the State Government’s Low and Mid-Rise Housing reforms and the emergence of the Housing Delivery Authority pathway. Both have created faster, more centralised avenues for development approvals, particularly in well-located, infrastructure-rich areas like Bondi Junction.

Waverley Council’s response has been to move early, and decisively.

Rather than react to individual proposals as they come through the HDA or broader State-led reforms, Council has sought to establish a clear, place-based framework that sets the terms for how Bondi Junction evolves. The underlying position is relatively straightforward: if densification is inevitable, it should be tied to infrastructure, public domain improvements, and a cohesive vision for the centre, not delivered piecemeal through ad hoc applications.

<img alt="bondi junction" data-entity-type="file" data-entity-uuid="7f1f729c-ed99-4c6c-bf87-ffbce6991941" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-19%20at%209.58.16%E2%80%AFAM.png?VersionId=ULX4OlXKjeJ5BvNCNGL86evgXCjCfMih" />

At its core, the document is attempting to reposition Bondi Junction from what it largely functions as today, a transport interchange anchored by a major retail centre, into something far more layered. The ambition is to transform it into what the plan describes as the “civic and cultural heart of Sydney’s East,” a place that is active beyond commuting hours and capable of supporting a broader mix of uses, experiences and communities.

That repositioning is built around four key ambitions.

The first is to create a true destination. Bondi Junction already attracts significant foot traffic, with more than 86,000 daily transport users and millions of annual retail visits, but much of that activity is transient. People pass through, rather than stay.

The Master Plan seeks to change that dynamic. It leans heavily into the idea of an “18-hour economy,” extending activity well beyond traditional retail hours through dining, cultural programming, events, and a more active night-time offering. This is not just about adding more hospitality venues, but about fundamentally shifting how the centre operates, from a daytime shopping destination to a place that functions across the full span of the day and into the evening.

Oxford Street Mall sits at the centre of that shift.

Long seen as underperforming relative to its potential, the Mall is identified as one of the key catalyst projects in the plan. It is to be reimagined as a day-to-night spine, combining retail, dining, wellness and cultural uses in a way that creates a continuous flow of activity. Outdoor dining, rooftop venues, laneway activation and a curated events program are all part of the strategy, alongside significant public domain upgrades that aim to improve comfort, safety and usability.

&nbsp;

The second ambition is to transform Bondi Junction into a world-class interchange.

Despite being one of the most heavily used transport nodes in Sydney, the current experience is fragmented. Connections between the station, Westfield, Oxford Street Mall and surrounding streets are often unclear, and major roads create physical barriers that disrupt pedestrian movement.

The Master Plan proposes a more seamless, people-focused network. That includes clearer pedestrian links, improved wayfinding, better integration between transport modes, and a rethinking of how arrival into the centre is experienced. The aim is to shift the perception of Bondi Junction from a place people move through, to a place they arrive in.

The third ambition focuses on greening and open space.

One of the more consistent pieces of community feedback throughout the Vision phase was the need for more greenery, better public spaces, and a more comfortable urban environment. Despite being surrounded by major parks, Bondi Junction itself has relatively limited accessible open space, with much of the public realm dominated by hard surfaces and traffic infrastructure.

The plan responds with a network of new and upgraded public spaces, increased tree canopy, and what it terms the “Parkline,” a green link connecting Waverley Park through to Centennial Park. This is not just about aesthetics. It is about addressing heat, improving liveability, and ensuring that increased density is matched by access to high-quality outdoor space.

The fourth ambition is perhaps the most important from a development perspective: growth that gives back.

Bondi Junction is already the primary location for new housing supply in the Waverley LGA, and that is expected to continue. The area carries a target of 2,400 new dwellings by 2029, with further growth projected beyond that as demand for well-located housing continues to rise. The Master Plan does not seek to limit that growth. Instead, it attempts to shape it.

New housing is to be concentrated around transport, with stepped building heights designed to protect the character of surrounding neighbourhoods. At the same time, the plan introduces a more explicit link between development uplift and public benefit. This is where value capture becomes central.

The document outlines a framework where increased development potential is tied to contributions that fund public domain improvements, community infrastructure, open space, and affordable housing. It is an approach that recognises that much of the transformation of Bondi Junction will be delivered by the private sector, but seeks to ensure that the benefits of that growth are shared more broadly. The Civic Precinct is a key part of that equation.

Leveraging Council-owned land, the plan proposes a consolidated civic and cultural hub centred around Ebley Street. This would include new community facilities, cultural spaces, and potentially a new Council Chambers, creating a focal point for civic life that currently does not exist in Bondi Junction at scale.

It is one of several catalyst projects identified in the Master Plan, alongside the Oxford Street Mall transformation. These projects are intended to anchor change, acting as early interventions that unlock broader investment across the precinct.

Importantly, the Master Plan is not just a design document. It includes a delivery framework that sets out how these ambitions are intended to be realised.

Council is explicit in acknowledging that it cannot deliver the transformation alone. Implementation will require coordination between State agencies, private developers, landowners and the community, with a mix of planning agreements, infrastructure contributions and direct delivery mechanisms used to fund and stage improvements over time.

The plan outlines a mix of short-term, medium-term and long-term actions, from immediate public domain upgrades and planning controls, through to larger-scale projects that will unfold over the next decade or more. In practical terms, the next 12 to 24 months will be the most important.

This is when the Master Plan will move through exhibition, refinement and eventual adoption. It is also the period in which Council will seek to embed the framework into its planning controls, giving it weight in the assessment of future development applications.

Council officers have indicated that once the Master Plan is in place, it could be used as a benchmark when assessing Housing Delivery Authority proposals, and potentially reduce the need for further HDA declarations within Bondi Junction. In effect, it is an attempt to bring planning control back to the local level, while still aligning with State housing targets.

That tension between State-led reform and local planning control is not unique to Waverley. It is playing out across Sydney.

&nbsp;

&nbsp;

&nbsp;

If delivered as intended, Bondi Junction will become denser, more active, and more complex. It will support more residents, more workers, and a wider range of uses, extending beyond its current retail core into a more layered urban environment.

“The civic and cultural heart of Sydney’s East”: Bondi Junction masterplan revealed

Toorak's dress circle St Georges Road, home to some of the city's priciest homes, is set for a rare new apartment development.

Blood Diamond Group, an entity tied to Tina Brandi, wife of David Brandi who has been a prolific bidder on The Block over the years, has filed plans for an ultra-exclusive development across an amalgamated 3,662 sqm site at <a href="https://www.apartments.com.au/new-apartments/104-106-st-georges-road-toorak-vic-3142">104 and 106 St Georges Road</a>.

The proposal would replace two existing homes on the riverfront site with a five-level apartment building cascading down the steeply sloping land toward the Yarra River. Designed by Charles Wright Architects, the development has been carefully shaped around the site’s topography and river environs, with the upper levels stepping back to reduce visual bulk from both St Georges Road and the Yarra corridor.

Planning documents describe the proposal as “a site layout and building typology that is consistent with the emerging character of the area and which provides exceptional amenity for future residents without compromising that of neighbouring properties.”&nbsp;

<img alt="First look: Blood Diamond Group unveils riverfront apartment plans for Toorak Pavilion" data-entity-type="file" data-entity-uuid="ea19a17e-7528-4fa8-b727-05f2f7c025e5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Toorak%20pavilion%20a_0.png?VersionId=rZ2IjdoUL_UrRl1sZ4wZHnQXbYUaEmUQ" />

The scheme comprises 12 apartments, including 10 three-bedroom residences, one one-bedroom apartment, and a substantial split-level five-bedroom penthouse. A 624 sqm communal rooftop terrace will crown the building, while three undercroft levels embedded into the hillside will accommodate apartments and basement parking.

The design leverages the site’s dramatic northern outlook across the Yarra River, with living areas and balconies oriented toward the water. A central atrium running the full height of the building is intended to draw natural light deep into the residences and improve internal amenity.

Landscape architecture by <a href="https://www.apartments.com.au/landscape-architect/jack-merlo">Jack Merlo Design &amp; Landscape</a> will play a major role in softening the built form, particularly along the river edge where significant setbacks have been introduced. The proposal includes a minimum 30-metre setback from the Yarra River boundary, preserving a substantial landscaped buffer between the development and the waterway.

While a mature English Oak near the front of the site is proposed for removal, the plans retain a large English Elm closer to the riverfront, alongside other established vegetation in the lower section of the property.

<img alt="First look: Blood Diamond Group unveils riverfront apartment plans for Toorak Pavilion" data-entity-type="file" data-entity-uuid="ed3bf19b-5bc7-482f-bde7-41f709a13c3a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Toorak%20pavilion%20b.png?VersionId=SG_kBGu4rOaSPY8FtVcmPJfSCrstuOfg" />

Architecturally, the building adopts strong horizontal forms with expansive glazing and curved balcony edges facing the river. Planning documents note the upper levels “adopt a receding form” to ensure the building responds appropriately to the Yarra River environs overlay controls.&nbsp;

The surrounding streetscape is characterised by large contemporary homes embedded into the hillside, many presenting as modest one or two-storey forms to the street before expanding toward the river frontage below. The planning report notes this established pattern heavily influenced the massing strategy for Toorak Pavilion.&nbsp;

Until the recent sale of the landmark Clendon Road mansion Coonac for around $130 million, St Georges Road held the state's most expensive home, the $80,000,088 derelict "Ghost House" mansion that was bought by crypto king Ed Craven.&nbsp;

Blair House, also on St Georges Road, sold for $74.5 million in 2022.

First look: Toorak Pavilions slated for dress circle St Georges Road

Six months after a development site on Kangaroo Point’s Shafston Avenue sold for $6.55 million, plans have been lodged for a 23-storey apartment tower.

A company named JMT Mega Capital, understood to be interstate investors when the 1,222 sqm double block traded late last year through Patona Property, is proposing an 84-apartment development in place of the existing low-rise buildings.

The slender tower at <a href="https://www.apartments.com.au/new-apartments/212-220-shafston-avenue-east-brisbane-qld-4169">212–220 Shafston Avenue</a>, overlooking the Brisbane River, has been designed by <a href="https://www.apartments.com.au/architects/aplus-design-group">Aplus Design Group</a>. It will comprise a mix of one-, two- and three-bedroom apartments above six basement levels, topped by rooftop resident amenities.

<img alt="First look: 23-storey Kangaroo Point tower planned for Shafston Avenue riverfront precinct" data-entity-type="file" data-entity-uuid="7e17ba9e-553e-42ef-92b6-22081671521a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium_3.png?VersionId=hlVUf99vrOjUs.vhQs0qV0DhOncUy9T8" />

The development has been designed as a vertically articulated tower with recessed balconies, curved façades and planted edges intended to soften its scale within the evolving Shafston Avenue skyline. In the submitted Urban Design Report, Aplus Design Group said the tower had been “shaped with a slender vertical expression, articulated façades, recessed balcony zones, integrated planting and a clearly defined podium relationship, helping to reduce perceived bulk and create a more elegant contribution to the Shafston Avenue streetscape and broader Kangaroo Point skyline.”

The scheme comprises 84 apartments, including 25 one-bedroom units, 34 two-bedroom apartments and 25 three-bedroom residences. A total of 104 car spaces are proposed across six basement levels, including resident, visitor and accessible parking.

Residents will have access to rooftop communal open space and shared amenities, while the development also incorporates deep planting zones and subtropical landscaping throughout the podium and tower levels. The project includes 35 per cent communal space coverage across the site and a 17.5 per cent deep soil zone allocation to support urban greening outcomes.

The application exceeds the mapped building height under the Kangaroo Point Peninsula Neighbourhood Plan and is being assessed under Brisbane City Council’s impact assessment pathway. The design team argues the additional height is supported by the site’s strategic inner-city location, existing high-density zoning, and proximity to transport and employment hubs.

“The design has been developed to make better use of a well-serviced urban site within an established high-density residential setting, while improving the street presentation and overall quality of the public realm interface,” the report states.

<img alt="First look: 23-storey Kangaroo Point tower planned for Shafston Avenue riverfront precinct" data-entity-type="file" data-entity-uuid="1ab44b1e-ff45-4bf3-8da8-8aa0cd79db33" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_10.png?VersionId=tSxeGekZOqj1e9g3PEn_yFoC3taKDp3U" />

The proposal adds to a growing pipeline of apartment developments reshaping Kangaroo Point ahead of the 2032 Brisbane Olympic Games, with demand continuing to strengthen for new housing supply in well-connected inner-city precincts.

Mosaic has nearly sold out its under-construction <a href="https://www.apartments.com.au/new-apartments/the-bedford-by-mosaic-16-30-prospect-street-kangaroo-point-qld-4169">The Bedford by Mosaic</a>&nbsp;and <a href="https://www.apartments.com.au/new-apartments/the-carter-by-mosaic-77-linton-street-kangaroo-point-qld-4169">The Carter</a>,&nbsp;while Pikos recently completed <a href="https://www.apartments.com.au/buildings/skye-residences-by-pikos-kangaroo-point-8-river-terrace-kangaroo-point-qld-4169">Skye Residences</a> nearby. Pikos is also delivering <a href="https://www.apartments.com.au/new-apartments/gaia-kangaroo-point-108-lambert-street-kangaroo-point-qld-4169">Gaia</a>, over 230 three- and four-bedroom apartments on Lambert Street.

First look: 23-storey Kangaroo Point apartment tower planned for Shafston Avenue riverfront precinct

Glen Iris

Melbourne's leafy east suburb Glen Iris is attracting families with one of its latest developments.&nbsp;

BHC Property' latest townhouse collection, GlenHolm, offers a mix of two, three and four-bedroom floorplans, which is attracting families small and large.

The limited collection of large-scale townhomes at&nbsp;1795 Malvern Road has captured the attention of homebuyers due to its impressive features and ideal location, with MAP Architects behind the design.

[smartcode_project:default project_id=3723 project_image_fid=206930]

Boasting landscapes by the esteemed John Patrick, the masterplan focuses on providing residents with privacy and a strong sense of community.

Each townhome is thoughtfully spaced, allowing for a sense of individuality and ample breathing space, with the staggered form of the homes further adding to the distinctiveness of each residence.

Nestled between the rows of townhomes, an open common area fosters a sense of neighbourly camaraderie, providing a place for residents to gather and gardens to flourish.

With the long-term resident in mind, GlenHolm incorporates various design elements to cater to modern living. The homes feature dedicated working-from-home spaces, ensuring that residents can easily adapt to the evolving demands of remote work.

Entrance stations offer convenience and security, while there's also intelligent storage solutions, high-quality Miele appliances and durable fixtures integrated throughout.

GlenHolm is also designed with sustainability in mind. These townhomes boast a 7-star energy rating, with innovative features such as high-performance glazing and 2.9 metre high ceilings contributing to maintaining comfortable living conditions, along with a lower carbon footprint and lower energy bills for residents.

[smartcode_project:default project_id=3723 project_image_fid=206925]

Quiet streets wind through the area, offering a sense of serenity that is hard to come by in the city. Open parklands provide ample space for outdoor recreation, while the charming village shopping precincts cater to the needs of residents, ensuring convenience is just a stone's throw away.&nbsp;

Nature enthusiasts are in for a treat as the renowned Gardiners Creek Trail meanders through the eastern suburbs, stretching approximately 20 kilometres from Blackburn Lakes to the Main Yarra Trail in Burnley, while locals also enjoy the splendours&nbsp;of Hedgley Dene Gardens, boasting open lawns, an ornamental lake, and a number of footbridges.

Steeped in Edwardian-era charm, the nearby Central Park is another favourite, spanning almost 19 acres, with the verdant space home to an array of trees and garden beds, and even a cricket oval. Among its notable attractions is one of Victoria's oldest conservatories, a testament to the park's rich heritage and dedication to preserving natural beauty.

Culinary delights are also attracting families, with the local cafe, Pantry, a favourite among residents, renowned for its all-day brunch offerings. As the sun sets, the vibrant Asian-inspired diner and cocktail bar, Too Good Talker, takes centre stage.

[smartcode_project:default project_id=3723 project_image_fid=206924]

Families have also been attracted to GlenHolm's proximity to a number of Melbourne's bests schools, including St Mary’s Primary School, Glen Iris Primary School, and Holmesglen Institute Chadstone Campus.

Residents can enjoy the convenience of being just a few minutes' walk from Glen Iris station, providing connectivity to the city and surrounding areas, while trams along bustling High Street are also within easy reach.

For those who prefer cycling, the picturesque riverside ride along Gardiners Creek Trail and Main Yarra Trail offers a scenic route into the city.

[smartcode_project_cta:default project_id=3723]

The limited collection of large-scale townhomes has captured the attention of homebuyers due to its impressive features and ideal location, with MAP Architects behind the design

alisonwarters@gmail.com

Why GlenHolm, Glen Iris townhouses, are a perfect family home

LDS Property are a step closer to bringing their Glen Iris development GALERIE to life with the group recently appointing a builder to the project.&nbsp;

Award-winning construction company Iurada will handle the build of the 29 residences, which has been designed by the architects at Ewert Leaf.&nbsp;

Projects by Buxton are marketing the project with Director Heath Thompson saying Iurada should break ground in the coming weeks which will bring a lot of confidence to buyers.

"Appointing a builder tells any prospective buyer that the project is moving forward and it's going to be built," Thompson says.

"It means pre-sales have been achieved, and finances have been met by the developer for the bank to fund the build."

Iurada has a number of projects delivered in Melbourne's inner ring, including the mixed-use Finery in Brunswick, Confluence in Hawthorn East, and Provenance in Camberwell.

[smartcode_project:default project_id=112375 project_image_fid=204402]

Keen interest has already been shown in GALERIE, with the group having sold 40 per cent of the apartments so far, with one unit going to a friend of the developer. They purchased one of the top floor apartments.&nbsp;

It's not a common occurrence, Thompson says, but it just adds a further belief that the project will be a success when part of the developer's personal life is now invested in the project.

A couple also recently <a href="/news/vic/glen-iris-apartment-price-record-smashed-with-galerie-penthouse-sale-just-shy-of-4-million">purchased two apartments in the project</a>, amalgamating them to become one larger apartment.&nbsp;

Read more:&nbsp;<a href="/news/vic/buyer-testimonial-why-andrea-wayne-amalgamated-two-apartments-in-galerie-glen-iris">Why Andrea &amp; Wayne amalgamated two apartments in Galerie, Glen Iris</a>

Interested buyers can still cash in on the group's current buyer incentives, which includes seven per cent interest on their deposit. They're also running a refer a friend cash bonus incentive.&nbsp;

[smartcode_project:default project_id=112375 project_image_fid=204404]

There's still a number of two-bedroom apartments available to purchase within the development, with all the one-bedroom floorplans already sold and only two three-bedders remaining, one on level one and one on the top level of the project.&nbsp;

The prominent High Street address will put residents within proximity to an array of convenient amenity upon completion, with the walkable haven near to a plethora of cafes, restaurants and shops.&nbsp;

Glen Iris Train Station is also nearby, as are a number of education options, including Sacre Coeur Catholic School, Caulfield Grammar Malvern Campus and Monash University.&nbsp;

[smartcode_project_cta:default project_id=112375]

"Appointing a builder tells any prospective buyer that the project is moving forward and it's going to be built," Thompson says

LDS appoint builder to construct Glen Iris apartments GALERIE 

Projects by Buxton has broken the Glen Iris record for an apartment, selling an amalgamation of two penthouses off-the-plan within LDS Property’s Galerie project.

The combined spread achieved close to $4 million, topping the $3.7 million record which was set&nbsp;in 2017 when a nearby penthouse sold.

Galerie has now secured over $10.7 million in sales since launching to the market late last year.

Projects by Buxton Director Heath Thompson said the record-breaking sale and strong interest in the project is evidence that the luxury apartment market is still thriving.

“The low stock levels in the market are making it really difficult for buyers to find their dream space or home that feels like theirs," Thompson said.

"Off the plan sales are thriving in this climate, with buyers loving being able to tailor a high-quality product to their lifestyle needs.

[smartcode_project:default project_id=112375 project_image_fid=204402]

“Whilst the amalgamation of two penthouses has created a unique standard of luxurious living in Glen Iris, the whole project is focused on fulfilling the buyer's needs and creating high-end apartments that feature a bespoke and expansive design."

Located on High Street, Galerie will offer a collection of 29 one, two and three-bedroom apartments, designed by Ewert Leaf and surrounded by verdant landscaping by John Patrick Landscape Architects.

The local buyer is downsizing and was attracted to the high-end design of Galerie. The buyer worked with the team, Projects by Buxton, LDS Property, and Ewert Leaf, to add a bespoke and special touch to the home, all of which are geared to their love for luxury finishes.

“When downsizing we didn’t want to move into a cookie-cutter apartment and have loved the process of adding bespoke features and luxury additions," the buyer said.&nbsp;

“The team has been great in working with us to redesign the whole internal space following the joining of two penthouses and have gone above and beyond to ensure the space feels like ours."

Two-bedroom residences start from $849,000, while the three-bedroom apartments are priced from $1,159,000.

[smartcode_project:default project_id=112375 project_image_fid=204405]

Buyers will be privy to a world-renowned collection of private artworks, innovative architecture and lush outdoor spaces within Galerie, with the building also&nbsp;designed with a strong sense of artistry, forming a distinctly timeless aesthetic composed of brick, timber and concrete.

Residents are greeted by a gallery-style lobby featuring a bespoke Chaumet Chandelier and textured walls lined with a curated private collection of world-class artworks.

All open-planned living spaces are designed to flow seamlessly out to the courtyards and balconies, with large windows and sliding doors to provide a direct integration into the surrounding landscape.

A builder is set to be appointed in the coming weeks, with demolition works on the site recently completed.

[smartcode_project_cta:default project_id=112375]

Galerie has now secured over $10.7 million in sales since launching to the market late last year.



Glen Iris apartment price record smashed with Galerie penthouse sale just shy of $4 million

Pitched as a cosmopolitan haven, future residents of the new Glen Iris apartment development Galerie, will have the very best of quaint suburb right at their doorstep.&nbsp;

Boasting a dynamic lifestyle, the Melbourne neighbourhood is one of the city’s most tightly-held postcodes.&nbsp;

Home to a thriving hospitality scene, eclectic cafes and brunch destinations line the streets of the leafy locale, with Malvern Road a hotspot for the community, while Glenferrie Road is blooming with boutiques and world-class eateries and bars, welcoming on-goers from Burke Road. &nbsp;

[smartcode_project:default project_id=112375 project_image_fid=204402]

Right at the fingertips of Galerie residents lies the caffeine elixirs at Juliette Coffee and Bread, while pasta-fiends can get their fill at Etto, which is just a five-minutes drive.

For a late night cap, Tom Pockett Cellars offers a selection of locally sourced and imported wines, while Mr Foxx and the Malvernvale Hotel are just a hop skip and a jump across to the bustling Malvern Road.&nbsp;

Moments from Melbourne’s premier boutique shopping strip, High Street, Galerie residents are spoiled for choice with an extensive range of designer brands, housed in ethereal heritage buildings, from local designers Scanlan Theodore and Camilla and Marc, to international labels COS and Acne Studios.&nbsp;

[smartcode_project:default project_id=112375 project_image_fid=204404]

The foodie scene continues along High Street, producing some of Melbourne’s finest produce, from quaint bakeries, to grocers and fine food providores.&nbsp;

Away from the hustle and bustle, Glen Iris also gifts residents with a laid back and tranquil lifestyle, dotted with parks, gardens and walking trails. Surrounded by lush, expansive spaces, Nettleton Park, Malvern Public Gardens and Malvern Tennis Centre Reserve find a home within proximity to the residences, with recreation at the heart of the leafy community.&nbsp;

[smartcode_project:default project_id=112375 project_image_fid=204414]

Renowned for its impressive scholarly offerings, world-class amenities and efficient transport, Glen Iris is one of Melbourne’s most connected communities. The esteemed Monash and Caulfield Universities are just a stone’s throw away, while De La Salle and St.Mary’s College are also within easy reach.

When it comes to connectivity and transport, Glen Iris is serviced by an efficient tram network that carries passengers through the neighbouring Armadale and into the heart of the city in just over 20-minutes, with Galerie residents only a 10-minute walk from Glen Iris Station.&nbsp;

[smartcode_project_cta:default project_id=112375]

Boasting a dynamic lifestyle, the Melbourne neighbourhood is one of the city’s most tightly-held postcodes

Cultivating a connected lifestyle: How the Galerie apartments fit into the Glen Iris community 

A collection of just 29 apartments have launched to the sought-after suburb of Glen Iris at&nbsp;1538 High Street.

The boutique development, GALERIE, is the work of Melbourne locals LDS Property, who are no strangers to the area, with the group currently underway with works on their project, Novum on Edgar Street.&nbsp;

[smartcode_project:default project_id=112375 project_image_fid=204410]

GALERIE has been designed by the coveted architecture firm, Ewert Leaf, taking on a human-centric and holistic approach to the design.&nbsp;

Delivering a collection of two and three-bedroom apartments, each of the residences at GALERIE&nbsp;benefit from expansive landscape courtyards and balconies in an elevated position, offering views to the wider metropolitan.&nbsp;

Ewert Leaf Director, Will Leaf said the project was born from an undeniable love of art.

"GALERIE is a curated collection of luxury residences where residents are privy to a world-renowned collection of private artworks, innovative architecture and lush outdoor spaces." Leaf said.

“GALERIE presents an interestingly dynamic asymmetrical facade, livening the High Street streetscape.”

[smartcode_project:default project_id=112375 project_image_fid=204404]

The building is defined by a strong sense of artistry, forming a distinctly timeless aesthetic.&nbsp;

Composed of brick, timber and concrete, the facade materiality cultivates depth and dimension whilst cascading greenery softens its form.&nbsp;

Each curated residence has been tailored for the cosmopolitan lifestyle where generous open-plan living areas are imbued with an atmosphere of artistic luxury.&nbsp;

[smartcode_project:default project_id=112375 project_image_fid=204405]

LDS Property Founder and Managing Director Lal De Silva established the company after identifying a gap in Melbourne’s property market for classic, well-considered homes.&nbsp;

The group is now led by CEO Kyle De Silva, who stepped up to run the company after his father.&nbsp;

[smartcode_project_cta:default project_id=112375]

Melbourne locals, LDS Property are taking to the leafy streets to deliver their latest residential project, with GALERIE set to arrive in the heart of the family friendly suburb.



GALERIE Apartments Soon to Launch at Glen Iris

Private developer, DealCorp has just sold the final apartments in its $100 million Glenarm Square project.

Set to transform the prominent Glen Iris site into a residential and mixed-use precinct at the gateway to Gardiner Station, the project is slated for completion later this year.

Glenarm Square will comprise 120 apartments, along with 800 sqm of ground level retail and commercial space, complemented by a suite of luxury resident-only facilities.

[smartcode_project:default project_id=9869 project_image_fid=154896]

Prices for the apartments ranged from $600,000 to $2,300,000, selling to a mix of first home buyers, young families, professionals and downsizers.

Marshall White Projects marketed Glenarm Square, with Director, Leonard Teplin saying they saw a surge of interest through the pandemic, with buyers eager to capitalise on a lock and leave city residence, offering direct access to the Monash Freeway and just a 50 minute drive to the Mornington Peninsula.

&ldquo;Buyers at Glenarm were attracted to the project&rsquo;s location, incomparable city views, elegant design and the amenity on offer,&rdquo; said Leonard Teplin.

[smartcode_project:default project_id=9869 project_image_fid=154894]

&ldquo;In this market, it is rare to see a project of this scale sell out before completion. Buyers have some hesitancy; they want to touch and feel the product. But DealCorp have positioned the project incredibly well, knowing their market, and they have a strong track record for delivering premium projects,&rdquo; he added.

The development is the result of pioneering planning by DealCorp, which sought to repurpose 2,700 sqm of land, generated from a level crossing removal and train station upgrade near the corner of Burke and Malvern Roads.

DealCorp executive chairman David Kobritz said the project represented a progressive approach to the re-development and revitalisation of key in-fill sites, particularly in well-renowned locations like Glen Iris where the median house price sits at over $2 million.

&ldquo;We are delighted with the sell-out success at Glenarm Square. Our aim is to bring low maintenance and affordable living to inner Melbourne. Glenarm Square will be a stand out example of how we can create a project which not only services residents but the wider community,&rdquo; Kobritz said.

&ldquo;Glenarm Square is set to deliver not only high-calibre apartments for buyers but an activated public realm that will seamlessly integrate with the entrance to the train station and bring a vibrancy to the area with the activation of over 800sqm of retail and commercial space.&rdquo;

[smartcode_project:default project_id=9869 project_image_fid=154900]

&ldquo;By creating living and vibrant neighbourhoods out of this repurposed and highly valuable land, we can deliver residences in suburbs where demand is traditionally high, and create an alternative solution to the challenge of urban sprawl.&rdquo;

&ldquo;Glenarm Square is not only proof that the concept works at an engineering and development level, but a benchmark for the revitalisation of future sites of this nature,&rdquo; Kobritz concluded.

[smartcode_project_cta: project_id=9869]

Set to transform the prominent Glen Iris site into a residential and mixed-use precinct at the gateway to Gardiner Station, the project is slated for completion later this year.



DealCorp sells out $100 million Glenarm Square apartments in Glen Iris

Cornus Developments has just launched its latest residential project at 1637 Malvern Road,&nbsp;Glen Iris, with the new project set to be released across two stages.

The first release stage is set to include a collection of one and two-bedroom apartments, starting from $545,000, while the second stage of the release will comprise a handful of two-bedroom residences, along with three-bedroom configurations.

The 42&nbsp;boutique apartments have been designed to cater for the downsizer and first-home buyer, with Cornus bringing their signature style to the Glen Iris development.

[smartcode_project:default project_id=112842 project_image_fid=197660]

The spacious apartments will be fitted with European marble benchtops and splashbacks in all kitchens and bathrooms, along with European oak engineered floorboards, Bosch appliances, Polytec&nbsp;custom joinery, and integrated dishwashers.

Opening out onto generously sized courtyards, residences are open and light, encompassing the Glen Iris charm in the architecture.

Located in the desirable pocket of Glen Iris, residents will enjoy close proximity to public transport and freeway access, as well as being nearby to educational institutes, an array of cafes and eateries and boutique fashion retailers.

&ldquo;As a trusted, reliable and experienced developer we pride ourselves on providing the highest quality homes in an appropriate timeframe with the build expected to take 12 months,&rdquo; said a Cornus spokesperson.

[smartcode_project:default project_id=112842 project_image_fid=197484]

&ldquo;Now is the best time to purchase as the project is in the pre-construction phase and purchasers can capitalise on the maximum off-the-plan stamp duty savings available,&rdquo; they added.

First home buyers purchasing an off-the-plan property in the state of Victoria can qualify for a stamp-duty concession if the home is valued at up to $1 million, until June 30 2023.

A full 100 per cent stamp duty exemption is also available for new residential properties that have been on the market for more than 12 months.

[smartcode_project:default project_id=112842 project_image_fid=197485]

Earlier this year, Cornus&nbsp;completed their <a href="/buildings/cornus-la-frank-362-burwood-highway-burwood">La Frank</a> project located at <a href="/buildings/cornus-la-frank-362-burwood-highway-burwood">362 Burwood Highway, Burwood</a>, as well as their <a href="/buildings/cornus-woodlands-1399-1401-dandenong-road-malvern-east">Woodlands</a> project at <a href="/buildings/cornus-woodlands-1399-1401-dandenong-road-malvern-east">1399 Dandenong Road, Malvern East</a>.

Construction is well underway at <a href="/buildings/cornus-carnegie-1258-glen-huntly-road-carnegie">Cornus Carnegie</a>, which is now over 60 per cent sold, with construction slated to commence soon on the group&#39;s <a href="/buildings/cornus-oakleigh-35-41-dalgety-street-oakleigh">Oakleigh project</a>.&nbsp;

[smartcode_project_cta: project_id=112842]

The 42 boutique apartments have been designed to cater for the downsizer and first-home buyer, with Cornus bringing their signature style to the Glen Iris development.



Cornus Developments launch Glen Iris apartments 

Highpark Seasons, the new apartment development in Melbourne&#39;s Glen Iris, was targeted at locals and owner-occupiers straight from the outset.

And the COVID-19 lockdowns has only seen further demand from locals who want to live in the picturesque and peaceful location, right on Gardiners Creek&nbsp;and the popular Gardiners Creek trail.

&quot;People have really re-connected with walks over the last 16 months or so&quot;, Jellis Craig head of projects Stephen Bowtell, who is marketing the apartments, says.

&quot;It&#39;s a bit of an island site, not built on any side, and residents will easily be able to access the nature track.&quot;

The development has been popular&nbsp;with city dwellers, who, since the onset of COVID, have been&nbsp;reconnecting with nature through long socially-distanced walks.

[smartcode_project:default project_id=3224 project_image_fid=171807]

Bowtell says the developer, David Li&#39;s Pasino Group, wanted to keep the residents as local as possible, with few investors. To do this he made the conscious decision not to sell the development through&nbsp;channel groups or to investor databases.

Highpark is a passion project for Li, who is a well-known philanthropist and the chairman of the Melbourne Symphony Orchestra.

&quot;He&#39;s not bottom-line focused, he lives locally, and his kids will likely take apartments in the building when it is completed,&quot; Bowtell added.

Highpark is under construction now through Crema Group&#39;s high-end construction arm Camilo, with completion expected toward the end of 2022.

There&#39;s been keen interest by first home buyers, given the affordable&nbsp;$480,000 entry point for a one-bedroom apartment. There&#39;s been a number of purchases by families who live locally and within walking distance who are buying for their kids.

[smartcode_project:default project_id=3224 project_image_fid=171809]

&quot;There&#39;s no difference in finishes between one bedroom apartments and the penthouse,&quot; Bowtell said.

The development has been designed by Rothelowman, one of Melbourne&#39;s top architecture firms, to react to its location, with the inspiration coming from the seasons of nature. There&#39;s extensive outdoor entertaining areas in the apartments, as well as outdoor communal gardens and terraces.&nbsp;

[smartcode_project:default project_id=3224 project_image_fid=171815]

Four townhouses sit along the front of the development, directly on the trail. Three have already been snapped up.

Across the board Bowtell sees more enquiry during the lockdown months, around 20 per cent more week on week.

&quot;There&#39;s a build up of enquiry, with no one being able to buy anything else in the meantime.&quot;

Bowtell recently sold out Rosanna, a 27 townhouse development in Melbourne&#39;s north east, after just six weeks, with around four of those weeks spent in lockdown.

Highpark is under construction now through Crema Group's high-end construction arm Camilo, with completion expected toward the end of 2022

Why apartments at Highpark Seasons in Glen Iris were only really for locals

Developers are seeing increased interest in townhomes as homebuyers in the inner-city area seek convenient, spacious living.

Townhomes are typically the next step from apartment living, offering the extra space a growing family needs.

Urban takes a look at four new townhomes in Melbourne&rsquo;s south-east marketed through local real estate agent Gary Peer.

1. Ivori,&nbsp;Glen Iris 
Developer: Golden Ratio Projects 
Four-bedroom townhomes from $1,690,000

[smartcode_project:default project_id=105005 project_image_fid=168416]

Situated in the heart of Melbourne&rsquo;s south-east, Ivori boasts eight exclusive townhomes that reflect the unique language and character of Glen Iris.

Designed by Mezz Group, the homes boast spacious layouts and high-quality finishes, including full-height joinery, generous storage, Asko appliances and brass tapware.

[smartcode_project:default project_id=105005 project_image_fid=168417]

Set in the established Glen Iris, residents can enjoy Ivori&rsquo;s great location close-by great schools, public transport and green pockets.

2. ALRAE, St Kilda East 
Developer: PAD Urban 
Three-bedroom townhomes from $1,545,000

[smartcode_project:default project_id=31934 project_image_fid=168456]

A luxury development of just six townhomes, ALRAE provides a stunning example of what tonwhome living can be.

On the edge of Alma Village, the residences are located in one of St Kilda East&rsquo;s most beautiful streets and boast exciting and unique designs by ADDARC.

[smartcode_project:default project_id=31934 project_image_fid=168457]

The development features large light-filled courtyards, custom-designed kitchens, generous storage options and two car spaces with a djoining personal storage area.

3. The Murrum, Murrumbeena 
Developer: Mazor Group 
Four-bedroom townhomes from $1,175,000

[smartcode_project:default project_id=7871 project_image_fid=26138]

Adjacent to Murrumbeena Park, The Murrum feature a collection of 15 three and four-bedroom townhomes that blend seamlessly with the local character.

Designed by Bayley Ward, each residence has its own distinctive identity with an innovative design and European influences.

[smartcode_project:default project_id=7871 project_image_fid=71891]

The Murrum is designed to suit families, professionals and downsizers with low-maintenance living, expansive bedrooms and lavish bathrooms.

4. The Lily, Ormond 
Developer: Abode18 
Three-bedroom townhomes from $1,195,000

[smartcode_project:default project_id=31659 project_image_fid=169796]

Surrounded by prestigious schools and walkable amenity, The Lily boasts a series of two and three-storey townhomes in the sought-after suburb of Ormond.

Delivered by privately-owned development company Abode18, these sophisticated homes display a striking architecture amongst the lush tree-lined Lillimur Road.

[smartcode_project:default project_id=31659 project_image_fid=169800]

Designed by ADDARC, the residences feature open-plan kitchen and dining areas, comfortable family space, private courtyards and two car spaces.

Urban takes a look at four new townhomes in Melbourne’s south-east marketed through local real estate agent Gary Peer. 

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Luxury family homes: Four townhomes for sale in Melbourne’s south-east

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Developer Time &amp; Place and Woolworths are set to lodge plans for a mixed-use project in Melbourne's Glen Iris.

Time &amp; Place and Woolworths secured 173 Burke Road earlier this year for $29.25 million, and this week will submit plans to the City of Stonnington for a mixed-use community on the 4,306 sqm site which was bought as a two storey office building.

The plans by Carr Architecture will see 90 apartments located above a full-line, state-of-the-art Woolworths and adjoining BWS at street level. There will be one, two and three bedroom terrace-style apartments.

Each apartment will feature its own external entry, a hero of the project's design, which allows for dual aspect and improved daylight/crossflow ventilation, while also providing an energy efficient end-product.

The project will be targeting 4-Star Green Star Rating from the Green Building Council of Australia.

Time &amp; Place principal Edward Pearse says that the design that has been put forward does not look like a traditional apartment block.

<img alt="" height="1877" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/time_place_woolworths_2.jpg" width="2000">

"It takes cues from suburban living and Australian Modernism to improve this under-utilised portion of the Burke Road."

"The design considers careful integration of the residential and retail elements to ensure a quality living and shopping experience for all end-users.

“We’ve looked to bring the best of traditional terraced homes – from their sustainable design and down to the entry experience – to a higher density project.”

The site has been identified for regeneration as part of the Council’s strategic plan for Burke Road.

Subject to planning approval, the development would create around 250 jobs as well as 120 ongoing retail jobs once complete.

Woolworths State Development Manager Don Foulds said the development application delivers a clear vision to revitalise the site and deliver a thriving, contemporary and convenient mixed-use development.

“Our proposed designs aim to reflect the unique local character of Glen Iris while delivering on Stonnington Council’s vision for high quality housing and convenient shopping for the area.”

The full-line Woolworths will face Burke Road, with the Hope Street frontage to feature an open-air stairway leading to the residences, preserving amenity for neighbours.

<h2>Developments Nearby</h2>

<a href="/buildings/hurstmon-3-hurstmon-street-malvern-east">Hurstmon, Malvern East</a>

Address: Hurstmon - 3 Hurstmon Street, Malvern East

Just over one kilometre away down Wattletree Road in Malvern East is Hurmston, a low-rise apartment development near Malvern Road.

Developed by Landream and designed by Telha Clarke, the apartment building of 39 features one, two and three bedroom apartments starting from $449,000.

<img alt="" height="1123" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/hurstmon.jpg" width="2000">

The front of the property features carefully curated landscaping that mirrors the surrounding area.

Ground floor residences feature landscaped courtyards that can extend a living space into an expansive entertaining area.

 

 

 
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Developer Time & Place and supermarket giant Woolworths are set to lodge plans for a mixed-use project in Melbourne's Glen Iris.

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