Repeat buyers are one of the strongest measures of confidence in any apartment development.

At <a href="https://www.apartments.com.au/new-apartments/era-newcastle-west-124-126-bull-street-newcastle-west-nsw-2302">ERA</a> in Newcastle West, some purchasers are returning to <a href="https://www.apartments.com.au/developers/gwh">GWH</a> after living at the developer's One Apartments. Their decision to purchase again was driven by the quality of life they found after moving into their first GWH home.

Keith Wilton had spent years living in a house in East Maitland before deciding it was time for a change. Apartment living had always been on his radar, but he was selective about what he wanted.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/FH_1EzB-1vs?si=XScVlP1ERsTDJoME" title="YouTube video player" width="560"></iframe>

"I had some boxes I wanted to tick," he says.

Keith points to the open-plan design, generous outdoor areas and considered inclusions as key reasons One Apartments worked for him.

“One of those things was a nice indoor open plan area, but also I wanted a nice outdoor open area that I could entertain on in summer or Christmases or birthdays,” he says.

He also found value in the smaller details, from integrated appliances to shared resident spaces including the pool, cinema and rooftop areas.

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After comparing several developments, he chose One Apartments because of GWH's longstanding local reputation and his own experience working with the developer on a commercial project more than a decade earlier.

"I knew that they were local, that the quality of the build was going to be up there. I'd looked at other apartment complexes around and close by, and I just knew that here was a better decision location wise."

Today, Keith says the move has completely changed how he experiences Newcastle.

"I enjoy living in this location because it's more of a lifestyle change. That Newcastle city living where you can walk to restaurants and bars and even beaches and parks and even shopping across the road."

[smartcode_project:default project_id=135096 project_image_fid=356828]

Beyond the location, he says it's the sense of community that has surprised him most.

"Everyone loves living here because they chose to live here, but everyone looks out for each other. It's a real great community feel here."

For Aimee and Lyle Goodman, the journey started almost by chance.

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The couple happened to be having coffee in Newcastle when they noticed the site where One Apartments was about to begin construction.

"We were aware GWH was planning a development," Aimee says. "We made one phone call and things moved pretty quickly after that."

As busy business owners, they initially thought apartment living would simply reduce the maintenance that came with larger homes. Instead, it fundamentally changed how they spent time together.

"We actually catch up more as a family now," Aimee says.

"We've had homes with big yards and lots of space, but everyone ended up in different rooms. Here we'll have dinner together, the kids can play, and we spend far more quality time together."

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Lyle says their confidence came from GWH's reputation within Newcastle's building industry.

"I know people who've worked across different apartment projects, and whenever GWH came up the feedback was always the same. They're rock solid. They're quality."

That confidence only grew throughout the buying process.

"One of the things that really impressed us with GWH was the whole process, was the communication," Lyle says. "It was consistent, it was regular, there was no problem if we had some weird questions, there was no problems in getting answers."

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Aimee says one moment stood out.

"The project actually finished on time. We realised we needed to hurry up and sell our house because everything was happening exactly when they said it would."

The positive experience at One Apartments ultimately gave all three buyers the confidence to purchase again with GWH, this time at ERA.

Their confidence reflects what many buyers are seeking in today's apartment market. Location remains important, but so too does certainty around delivery, quality and long-term liveability.

[smartcode_project:default project_id=135096 project_image_fid=356822]

ERA builds on those foundations with 280 one, two and three-bedroom apartments across two landmark towers in <a href="https://www.apartments.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/fk-australia">Fender Katsalidis</a>, the project will include more than 2,000 square metres of resident amenities, including a resort-style pool, gym, sauna, private cinema and rooftop entertaining spaces overlooking the harbour and coastline.&nbsp;

The development is also within walking distance of the Newcastle Interchange, Honeysuckle, Darby Street, the harbour foreshore, restaurants, retail and the city’s beaches, continuing the walkable lifestyle that existing GWH buyers say has transformed how they live.

[smartcode_project:default project_id=135096 project_image_fid=356826]

For Keith, the appeal remains straightforward.

"You feel at home even before you've moved into your home."

For Aimee, the change is measured in time.

“I just felt like I had more time,” she says.

[smartcode_project:default project_id=135096 project_image_fid=351102]

Construction at ERA is now underway, with more than half of the residences already sold and limited two and three-bedroom apartments remaining in the East Tower release. Priced from $980,000 for two-bedroom residences and $1.46 million for three-bedroom residences, buyers can secure an apartment with a 10 per cent deposit, with premium homes offering ocean views from Level 8 and harbour views from Level 10.

ERA is also backed by Resilience Insurance's 10-year Latent Defects Insurance policy, providing protection against structural or waterproofing defects for 10 years after completion. The project is anticipated to be completed in early 2028.

[smartcode_project_cta:default project_id=135096]

Joel Robinson

From ONE to ERA: Why buyers are choosing GWH again in Newcastle West

Virgate Property Group is preparing to commence construction of Verdé, its new apartment development in Melbourne's Arts Precinct at Southbank, following a strong run of sales that has seen more than half of the project's 173 apartments secured.

Verdé has attracted a broad mix of first home buyers, owner-occupiers upgrading from nearby inner-city suburbs and investors, with younger owner-occupier couples aged between 28 and 45 accounting for the strongest enquiry. Many are already living in Southbank, South Melbourne, Albert Park, Port Melbourne, South Yarra and the CBD.

"Verdé is located in one of the most desirable pockets of southern Melbourne," Blair Property Group Director Darren Blair, who is managing sales at Verdé, said.

"It's within walking distance of the Arts Centre, Royal Botanic Gardens, Albert Park Lake, and Southbank's restaurants and retail. It's a great lifestyle location with strong amenity and liveability, which made it a very attractive choice for the project."

[smartcode_project:default project_id=4661 project_image_fid=372549]

Virgate was already familiar with the precinct, having previously delivered the successful Domain House development in neighbouring South Melbourne. That experience gave the developer confidence to acquire the Coventry Street site and continue expanding its presence in Melbourne's inner south.

"We had been keeping an eye on the site and the broader precinct for a few months before deciding to move forward with the acquisition," Virgate said.

The project was ultimately secured in 2020 following feasibility studies, planning assessments and due diligence, with the brief centred on delivering "a high-quality, considered design that feels both refined and fit for purpose."

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Designed by <a href="https://www.apartments.com.au/architects/bruce-henderson-architects">Bruce Henderson Architects</a>, Verdé comprises 173 one, two and three-bedroom apartments priced from $599,000. The architecture is distinguished by a faceted glass façade that responds to both the site's outlook and Melbourne's changing light conditions.

According to Bruce Henderson Architects, the coloured glazing gives the building a distinctive identity while also providing privacy and solar shading, with residences oriented to capture views across the bay, city skyline and surrounding parklands.

Inside, <a href="https://www.apartments.com.au/interior-designers/designoffice">DesignOffice</a> has created interiors focused on natural light, efficient planning and enduring materials. Apartments feature engineered oak flooring, natural stone benchtops, floor-to-ceiling glazing and SMEG appliances, while a restrained material palette aims to complement the expansive outlooks rather than compete with them.

[smartcode_project:default project_id=4661 project_image_fid=372550]

Resident amenity has also been designed around everyday functionality rather than occasional use. Facilities include a concierge-serviced lobby, residents' lounge with fireplace, library and co-working space, gym, terrace garden with barbecue facilities, ground-floor café, and package delivery management.

The project's location continues to be one of its strongest drawcards. Positioned on Coventry Street, Verdé sits within walking distance of the National Gallery of Victoria, Arts Centre Melbourne, Royal Botanic Gardens and Albert Park Lake, while Southbank's dining precinct, Sturt Street trams and the new ANZAC Station are all nearby. The surrounding education catchment also includes Melbourne Grammar, Melbourne Girls Grammar, Mac.Robertson Girls' High School and several major university campuses.

The sales team says buyers have responded particularly well to the combination of location, design quality and long-term liveability.

"They're responding really positively to the quality of the design, premium resident amenities and the uninterrupted views. Many also appreciate the location and how connected it is to everything they need."

The ability to secure stamp duty savings before completion has also been a key factor for purchasers, alongside the opportunity to personalise finishes ahead of settlement.

With construction set to commence soon and more than half the apartments already sold, Verdé enters its next phase as one of the Arts Precinct's more established apartment developments, offering remaining buyers an opportunity to secure a residence before construction advances further. Expected completion is scheduled for late 2027.

[smartcode_project_cta:default project_id=4661]

Virgate's Verdé Southbank moves toward construction as sales fly past halfway stage

Downsizer-focused apartment development Kooyongkoot in Hawthorn has been recognised at the 2026 Better Future Melbourne Design Awards, taking home Gold and Silver awards in two categories.

<a href="https://www.apartments.com.au/new-apartments/kooyongkoot-hawthorn-1-kooyongkoot-road-hawthorn-vic-3122">Kooyongkoot</a>, currently being delivered by developer PQD and designed by Cera Stribley, received Gold in the Interior Design – Proposed category and Silver in the Architecture – Proposed category.

The dual recognition reflects the design approach behind the boutique development on prestigious Kooyongkoot Road, where the focus has been on creating homes for downsizers seeking the space, quality and functionality of a detached house within a low-rise apartment building.

Rather than maximising apartment numbers, <a href="https://www.apartments.com.au/developers/pqd">PQD</a> and <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a> limited the development to just 18 residences, allowing for larger floorplans, greater privacy, generous landscaping and expansive communal spaces.&nbsp;The majority of the apartments also benefit from corner aspects, allowing for dual sources of natural light.

Now around 70 per cent complete and on track for completion in November 2026, Kooyongkoot will comprise a mix of garden residences, ter​race apartments, sub-penthouses, and is crowned by two half-floor penthouses with direct lift access and private rooftop terraces.

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The Silver Award for Architecture recognised the way the building responds to its prominent corner position at the ent​rance to Hawthorn's Scotch Hill precinct, one of Melbourne's most established residential neighbourhoods.

Rather than competing with the grand homes that line Kooyongkoot Road, the architectural approach focused on restraint and longevity, using curved brickwork, generous landscaping and carefully considered proportions to integrate with the existing streetscape.

"The form feels fluid and timeless, as though shaped by the landscape itself – architecture that belongs, rather than competes," said Chris Stribley, Co-Founder and Managing Principal of Cera Stribley.

The judging submission also highlighted practical innovations throughout the building, including lift cores servicing only nine homes each, a central landscaped lightcourt designed to bring daylight and ventilation into the building, and fully enclosed private storage rooms with lighting, power and shelving to better accommodate residents transitioning from larger family homes.

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The Gold Award for Interior Design recognised the project's focus on long-term liveability rather than display-home aesthetics.

According to the awards submission, the interiors were designed from the inside out, prioritising how homes would function over decades of daily use through generous proportions, practical storage, durable natural materials and flexible layouts.

The specification includes natural stone throughout, upgraded acoustic glazing, V-ZUG appliances and fully enclosed storage rooms, alongside an amenity offering focused on wellness, entertainment and everyday convenience.&nbsp;

Residents will have access to a gym and yoga studio, a wellness centre featuring traditional and infrared saunas, a cold therapy shower and treatment room, as well as a residents' lounge and golf simulator/cinema room for entertainment.&nbsp;Kooyongkoot has also considered the everyday convenience of its residents by offering a private carwash and pet wash facilities on site as well as dedicated parcel lockers and oversized fully enclosed storage rooms.&nbsp;

[smartcode_project:default project_id=102717 project_image_fid=355303]

The project's attention to detail has already resonated with buyers. Earlier this year, Kooyongkoot recorded one of Boroondara's highest apartment sales when an $8 million penthouse was purchased by a Melbourne CEO downsizing from a nearby family home.

"Every detail feels deliberate, from the overall design down to the smallest touches," the purchaser said.

"The level of quality and refinement is exceptional, but what really sold it was how liveable it felt... It felt like a place where everything had been considered, not just a luxury building."

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Sustainability also formed a key part of both award submissions. Kooyongkoot is targeting a minimum 7.5-star NatHERS rating across all residences, supported by passive design principles, high-performance glazing, EV charging infrastructure, water reuse systems and a wellness model focused on lower-energy dry facilities rather than pools and large wet areas.

Located within walking distance of Scotch College, Methodist Ladies' College, Koo​yong Lawn Tennis Club, Aubur​n Village and Camberwell Junction, Kooyongkoot continues to target owner-occupiers looking to remain in Melbourne's inner east without compromising on space or quality. A limited selection of two, three and four-bedroom residences remains available, with prices starting from $1.9 million.

[smartcode_project_cta:default project_id=102717]

Kooyongkoot wins Gold and Silver at Better Future Melbourne Design Awards

New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

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Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

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Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

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Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

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The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

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The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

Glen Iris

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No sale yet for Dale Thomas, the retired former Collingwood and Carlton champion, whose Glen Iris home went to weekend auction.

Marshall White listing agent Chris Barrett initially had the 19 Allenby Avenue home with $2.7 million to $2.9 million hopes.

It now comes with $2.5 million to $2.75 million indicative price guidance.

“Daisy” rebuilt the home after it was bought from Joan Thompson, the widow of the former Victorian premier Lindsay Thompson.

It cost $859,000 in 2009.

The four bedroom 1950s double-brick home has been transformed into a luxury modern home, by the 258-game veteran.

He and partner Natasha Bongiorno are potentially thinking another renovation.
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No sale yet for Dale Thomas, the retired former Collingwood and Carlton champion, whose Glen Iris home went to weekend auction

jchancellor

Former Collingwood and Carlton champion Dale Thomas fails to find buyer in Glen Iris

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Dale Thomas, the retired former Collingwood and Carlton champion, has listed in Glen Iris.
Marshall White listing agent Chris Barrett has the 19 Allenby Avenue home scheduled for December 12 with $2.7 million to $2.9 million hopes.
“Daisy” rebuilt the home after it was bought from Joan Thompson, the widow of the former Victorian premier Lindsay Thompson.
It cost $859,000 in 2009.
The four bedroom 1950s double-brick home has been transformed into a luxury modern home, by the 258-game veteran.
He and partner Natasha Bongiorno are potentially thinking another renovation.
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Retired AFL champ Dale Thomas lists Glen Iris trophy home

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Developers will be chopping at the bit to secure a blue-chip development site in the highly sought eastern suburb of Glen Iris, just nine kilometres from the Melbourne CBD. 
Located at 48 Edgar Street, Glen Iris, this permit approved development site in one of Melbourne’s premium and highly sought lifestyle locations, within direct proximity of some of the cities most renowned retail and lifestyle precincts and elite schools, is situated on a large residential landholding of 1,007 sqm which benefits from rear laneway access.
The large 1,007 sqm site is further enhanced by the approved permit for a luxury residential project comprising 11 apartments of two and three bedrooms, with an average apartment size of 108 sqm, 15 secure car spaces and will be expertly designed by renowned architecture firm ‘Ewert Leaf’. 
For sale exclusively through Julian Heatherich, Benson Zhou and Mark Stafford of Savills Australia, the site benefits from over 19 metres of street frontage to the leafy and quiet Edgar Street in Glen Iris and is situated within a General Residential Zone, with the benefit of rare laneway access.
The immediate surrounding area offers a wide array of premium lifestyle amenity, in proximity to some of Melbourne’s best education facilities and is serviced by major arterials as well as numerous public transport options. 
According to Julian Heatherich, Director, CBD and Metropolitan Sales at Savills Australia, “This is a great opportunity to acquire a permitted boutique development site within one of Melbourne’s most sought after and highly coveted residential locations. With the apartments being well designed and perfectly positioned to meet the demands of the local market.” 
“With immediate proximity to some of the most prestigious schools, renowned retail options and an abundance of transport options, it is easy to see why Glen Iris is one of the most sought after residential development location within Melbourne” he said.    
The site is situated within 100m of Malvern Road retail precinct and 700m* from Tooronga Village Shopping Centre providing a vibrant food and café culture as well as extensive fresh food outlets, speciality stores, fashion retailers and professional and financial services.  
In addition, Chadstone Shopping Centre is a short drive away, with over 500 stores and over 20 million customers per year.
Both Glen Iris and Tooroonga Train Stations are located only 450m* and 550m* from the property, providing access into the CBD. Trams also run along Malvern Road and Burke Road, servicing the immediate area. 
Glen Iris and the surrounding suburbs are home to some of Melbourne’s most renowned education facilities including Caulfield Grammar School, Korowa Anglican Girls’ School and Sacre Coeur. Monash University’s Caulfield Campus is also located 2.5km* directly south of the property. 
The site is located in close proximity to a number of premium public open spaces including the picturesque Gardiner Park, Harold Holt Swim Centre, Malvern Valley Public Golf Course, Nettleton Park and TH King Oval.  
According to Mark Stafford, Associate Director, Savills Melbourne at Savills Australia “This growth in population will add extra demand into what is already a strong performing residential market. 
“Glen Iris has been identified within a ‘golden triangle’ of suburbs in Melbourne’s East that have recently experienced significant growth in the value of real estate. 
“The median house price within Glen Iris stands strong at $1,900,000, well above the Melbourne average” he said. 
48 Edgar Street, Glen Iris is For Sale by Expressions of Interest closing Wednesday 26 August at 2pm.
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Luxury development within Melbourne’s ‘Golden Triangle’

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A contemporary family home in Victoria’s Glen Iris has hit the market with hopes of $3,500,000 to $3,850,000. 
The four-bedroom, three-bathroom home is located in a tree lined street among other premium properties.
Glorious garden views are offered by expansive windows that also draw natural light. 
<img src="https://www.urban.com.au/images/Screen%20Shot%202020-05-14%20at%203.13.35%20pm.png" alt="">
The award-winning Bayon garden features a fire-pit, plumbed barbecue and undercover alfresco domain. 
Jellis Craig’s Andrew Luke and Damien Davis hold the listing. 
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Glen Iris trophy home with award-winning garden listed

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A major commercial property in Glen Iris is set to change hands for the first time in more than 30 years.
The two-storey office building resides on a 4,305 square metre block, and has 3,383 square metres of non-lettable area.
It also features 102 onsite car parking spaces.
It is 100% leased to seven tenants on a one-year contract, with a net-income of approximately $795,000 per annum.
Interest from investors, developers and owner-occupiers is expected in excess of $30 million.
The property is for sale by expressions of interest, which close on March 26.
Peter Bremner and Daniel Wolman of Colliers International, in conjunction with Alexander Robertson’s Kristian Peatling and Warwick Bramich, have been appointed to sell the asset at 173 Bourke Road, around 10km from Melbourne’s CBD.
 
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Glen Iris commercial property listed for sale

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A retail/residential property at Glen Iris in Melbourne's inner east has hit the market. 
Located at 159 Burke Road, within the Malvern East Central Park shopping village, the property comprises a two storey freehold with 167 sqm of internal space.
It comes with retail on the ground floor and office/residential on the first floor. 
Zoned Commercial 1 under the City of Boroondara Planning Scheme, the 142 sqm site has 6m of frontage to Burke Road and benefits from secondary access via a rear laneway.  
Situated between Wattletree Road and High Street, the property is within close proximity of Central Park, Glen Iris Railway Station and major arterial routes including the Monash Freeway and Dandenong Road.
The property has been listed by Teska Carson’s Fergus Evans and Matthew Feld. 
"The fact that 159 Burke Road is being offered for the first time in 65 years underlines just how sought after and tightly held properties in this precinct are,’’ Mr Evans said.  
The property will be sold with vacant possession.
It has been scheduled for auction on September 6.
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Glen Iris shop offered for the first time in 65 years

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The Mornington Peninsula developer Nicholas Smedley has reportedly paid $950,000 to walk away from settling on his $9 million home acquisition in Glen Iris.
Smelly had handed over his $900,000 deposit and more recently an additional $50,000 to cancel the 12 month delayed settlement deal, Nine Entertainment has reported.
It was accompanied by another buyer agreeing to purchase the Fairview Grove house for $8,050,000 – which ensured the vendor still received the originally contracted sum of $9 million.
It was sold at a private auction last May setting a record price for the suburb which had stood at $6.55 million since 2011.
It had been listed with $7 million to $7.7 million price guidance through RT Edgar Mark Wridgway who did the Saturday auction ahead of its Monday's scheduled expression of interest closing deadline.
Word of the price leaked out given the attendance of buyers' agents representing some of the six active bidders.
The 4 Fairview Grove, Glen Iris offering was a Christopher Doyle-built period home, renovated around a decade ago, on its 2000 square metre block with tennis court.
The property last sold 20 years ago at $1,178,000.
“The pre-auction shenanigans and the auction itself was a masterclass in manipulation, momentum and marvel,” one buyers' agent said, as reported by Property Observer last May.
Work recently stopped at the Continental Hotel project in Sorrento on the Mornington Peninsula as developer Steller, headed by Nicholas Smedley and Simon Pitard sought funding to continue the joint-venture project it started last year with hotelier Julian Gerner.
The developer behind the $80 million project to restore the 143-year-old heritage-listed limestone hotel noted initial site works had recently been completed, "with further works slated to commence later this year", the company said in a statement.
"Continental Hotel Group is currently in the process of securing senior construction funding to finance the next stage of construction and is in discussions with major funders to secure this finance. Funding is expected to be secured by Q3."
The project will create a 100-room luxury hotel, dining and events centre.
"Construction funding for the Continental Hotel redevelopment has not fallen through," the company said.
Steller said the crane erected on site would remain in place for the next stage of work.
"Continental Hotel Group is committed to delivering the Continental Hotel as a world-class luxury hotel and hospitality venue that will attract visitors to the Peninsula year-round despite the shift in initial project timelines due to the current market," the company said.
It has been reported Smedley and Pitard are set to dissolve their business partnership having boasted a $4.2 billion pipeline of residential, mixed-use and commercial projects.
A spokesman said there was no connection between the abandoned house purchase and the plan by Smedley, a son of the late business leader Peter Smedley, to dissolve the partnership with Pitard.
"It is unrelated to what is going on with Steller," the spokesman said.
"He decided not to proceed for personal reasons and has retained the (exisiting) family home.
"The decision not to proceed was not based on a lack of funding."
Stellar was founded in 2006 by Smedley and Pitard.
Wridgway confirmed the Glen Iris property had resold before the 12-month settlement that was due to happen this week.
"Purchaser A wanted to get out to pursue other opportunities," Wridgway said.
"I found Purchaser B. We reduced the price due to market forces."
The alternative purchase happened at an unspecified date earlier this year.
Smedley removed a caveat placed over the Fairview Grove home in February.
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jchancellor-FAypfDUnLy

$9 million Glen Iris record setting trophy home resold at $8.05 million

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Three years after quitting Sydney, model Megan Gale appears to have decided to set up perm­anently in Melbourne.
Gale, and her recently retired AFL partner Shaun Hampson, have been renting in Melbourne’s east, but now the whisper is they have bought in suburban Glen Iris.
The Australia’s Next Top Model judge has ­secured a house that recently sold for $3.12 million. Unlike her current classic modernised cottage rental, it’s a contemporary ­family residence.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/3/4/Gale2.jpg" alt="">
Gale completed her exit from Sydney in 2016 when she sold her former weekender at Palm Beach for $3 million. She had previously owned at Tamarama and Bondi Beach.
Gale had signalled this time last year that she was house hunting, and even hinted the couple may look to build their next home.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/3/4/Gale3.jpg" alt="">
“After several years of looking for the ‘perfect house’, we are now considering creating it,” she told her Instagram followers. The couple have been renting a $1400 a week cottage in Malvern East, which returned last month to the rental market.
Their new home has four bedrooms on 860sqm. It also has a home office, sitting room with open fireplace and an adjacent billiards area, and a solar heated pool.
This article was first published in the Sunday Telegraph. 
 
 
 
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Model Megan Gale buys Glen Iris home

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DealCorp has secured planning approval for a new development that will repurpose land created at the recently revamped Gardiner Train Station in Glen Iris.
The infill development repurposes the 2,700 square metre site opposite the new Gardiner Station forecourt, created as part of its recent multi-million-dollar upgrade.
The project opposite Gardiner Station, titled The Residences at Glenarm Square, will deliver around 120 apartments along with a gym, 15 metre indoor pool, communal lounge and luxurious business centre for residents, with an end value of approximately $100 million.
DealCorp’s plan for the development pays careful attention to the objectives for the area’s overlay including setback and notably, integration with the station and retail plaza, to deliver a new community heart for the bustling Glen Iris locale.
Designed by Plus Architecture with interiors created by Hecker Guthrie, the development will feature 1000 square metre of retail and commercial space over two levels with a range of services for the local community including plans for a provedore, café, and deli/grocer.
DealCorp executive chairman, David Kobritz says the project will deliver an affordable apartment product to a location where the median house price is currently over $2 million.
With over a 30-year history of urban development experience, DealCorp is an experienced mixed-use developer that has completed 16 projects since 2011 with total gross revenue of $550 million.
Other current projects include the substantial Polaris 3083 urban regeneration project that is transforming the former Larundel Hospital into a $500 million retail, residential and hospitality precinct.
DealCorp will launch The Residences at Glenarm Square to the market in the coming weeks with the project set to include a mix of one, two and three-bedroom offerings.
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Development approval granted for $100 million Glen Iris repurposed land project 

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An owner-occupier has paid $1.16 million for a boutique retail property in the inner eastern Melbourne suburb of Glen Iris.
Teska Carson’s Tom Maule and Matthew Feld sold the 7-9 Bardolph Street property.
It attracted five bidders driving the price well beyond the vendor’s reserve.
The price reflected a land rate of $5346 a square metre.
The property comprises a 118 square metre, single level, double-fronted, shop with on-site parking.
Zoned Commercial 1, the 217 square metre site provides nearly ten metres frontage to Bardolph Street and more than 12 metres to a ROW at the rear.
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