Construction has commenced&nbsp;<a href="https://www.apartments.com.au/new-apartments/kew-palm-house-bellevue-hill-88-birriga-road-bellevue-hill-nsw-2023">Kew Palm House</a>, marking a significant milestone for the boutique Bellevue Hill apartment project on one of the suburb's best streets.

Developer <a href="https://www.apartments.com.au/developers/kew">KEW</a> recently hosted the traditional ground-breaking ceremony, joined by key project partners, officially turning the soil on what will become one of Bellevue Hill's most impressive new developments in one of&nbsp;Sydney’s most tightly held residential markets.

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Set across two low-rise buildings on the dress circle Birriga Road, Kew Palm House will deliver a mix of 16 two-, three-, and four-bedroom residences, including whole-floor homes and penthouses, responding to sustained demand from downsizers and owner-occupiers seeking high-quality apartment living without leaving the suburb.

The project occupies an amalgamated 3,000 sqm site bordering the Royal Sydney Golf Club, a rarity for new apartment development in <a href="https://www.apartments.com.au/developments/bellevue-hill-nsw-2023">Bellevue Hill</a>.

Architecture by Woods Bagot takes a townhome-inspired approach, with finely detailed façades and layered massing designed to sit comfortably within the established streetscape.

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The buildings are surrounded by landscaped gardens by <a href="https://www.apartments.com.au/landscape-architect/dangar-barin-smith">Dangar Barin Smith</a>, with communal pathways leading to a pool house and shared alfresco spaces intended to support a quieter, more residential form of apartment living.

Interiors will feature natural materials including travertine, stone and engineered timber, alongside V-ZUG kitchen appliances, with layouts prioritising generous proportions, privacy and indoor-outdoor connection.

Each residence has been designed to maximise natural light while maintaining separation from neighbouring homes.

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Kew Palm House forms part of KEW’s growing Eastern Suburbs portfolio under the Positive Investment Enterprise group. It follows the completion of Kew Bondi on Bondi Road, with Kew Hillcrest in Rose Bay also currently under construction. Palm House reflects the developer’s longer-term commitment to Bellevue Hill, where opportunities for new, design-led apartment projects remain limited.

Kew Palm House is targeting completion in late 2027, with construction to be delivered by Harvestland Construction. KEW also has Kew Hillcrest in Rose Bay under construction, just five luxury apartments near the beach.

[smartcode_project_cta:default project_id=133966]

Staff Writer

Construction commences at Kew Palm House in Bellevue Hill

Brisbane-based <a href="https://www.apartments.com.au/developers/spyre-group">Spyre Group</a> is continuing to bolster its impress SEQ development pipeline with one of its most ambitious projects to date.

The developer, led by Daniel Laruccia and Andrew Malouf, is planning just over 300 apartments across three towers on the prized beachfront side of Main Beach Parade in Main Beach.

The prized 3,344 sqm site at&nbsp;<a href="https://www.apartments.com.au/new-apartments/3640-main-beach-parade-main-beach-qld-4217">3640-3642 Main Beach Parade</a> also fronts Stafford and Montgomery Avenue and will offer street-level hospitality.

<img alt="3640 Main Beach Parade, MAIN BEACH QLD 4217" data-entity-type="file" data-entity-uuid="18bfcdb3-b958-4b20-a85b-c61e3dbf81b9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Spyre%20DA%20pers.png?VersionId=QvGNOHg6KDoScJZw2nAkvbun0DT2gUn1" />

The project has been designed by New Zealand-based architecture firm Monk Mackenzie, whose scheme references the fluidity of coastal forces. The smallest tower will be 37 storeys, with the other two topping out at 41 storeys. The sculptural form intends to "resonate with the site's unique peninsular position between the Coral Sea and the Broadwater."

The southernmost tower will have just 59 four-bedroom apartments, above two food and drinks venues. Towers two and three, the tallest, will have 125 two- and three-bedroom apartments in each.

“The towers stand not in opposition to the dynamic coastal landscape, but in dialogue with it,” the architects wrote in their Design Report.

“Like tide posts embedded in sand, they register change. The movements of water, light, air, and human circulation gather and disperse around them”.

<img alt="3640 Main Beach Parade, MAIN BEACH QLD 4217" data-entity-type="file" data-entity-uuid="cb2f3eb7-c517-47e5-afc8-01685c658a82" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/spyre%20podium.png?VersionId=hYe0w7UBEVNY7LPcoK9PnO9myEGn_xES" />

The podiums of each tower will feature landscaped communal open spaces, pools, and active wellness zones with spas, saunas and gyms with outdoor areas, as well a cinema and dining spaces.

Spyre's application describes the site as “uniquely positioned” to accommodate such scale, noting its separation from other towers, underutilised status, and alignment with the Gold Coast’s Light Rail Urban Renewal overlay. The staging strategy allows the towers to be delivered independently. Before it's amalgamation to make it a larger site, Spyre had approved plans for MARI, a 19-storey building with 15 apartments

<img alt="3640 Main Beach Parade, MAIN BEACH QLD 4217" data-entity-type="file" data-entity-uuid="ef40ca57-1c77-4568-a8aa-91c742334bef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/spyre%20amenities.png?VersionId=BcaHvU4UeLkabtNlqydmvkuTEyuYmpft" />

Spyre’s wide-ranging portfolio includes Watts &amp; Wright in Bulimba, Moray House in New Farm, and ARC Residences in Toowong, all of which are approaching completion. It also includes Hampden Ltd in Melbourne’s Bayside, marking the company’s first project in Victoria’s capital.

Spyre has previously achieved significant success on the Gold Coast, setting region-breaking records at Glass House by Spyre in Burleigh Heads, where apartments sold for $24 million and $24.54 million. Cala Dei in Coolangatta also sold out in record time.

Spyre will soon launch Echo by Spyre, a boutique development of just nine villas in Tugun.

Joel Robinson

Spyre's three-tower beachfront plans for Main Beach

IPM Property is progressing plans for its third development in Mona Vale in Sydney's Northern Beaches, and its latest will be the biggest yet.

IPM, led by Steven Sroba and Chris Webster, has filed a State Significant Development Application to the NSW Government's Housing Delivery Authority for 82 apartments on a prime 6,122 sqm site stretching across <a href="https://www.apartments.com.au/new-apartments/159-167-darley-street-west-mona-vale-nsw-2103">159-167 Darley Street West</a>, opposite Bayview Golf Course and just under 800m from Mona Vale town centre.

They've had <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a> draw up the plans for the three-building development which will offer a mix of 26 two-bedroom units and 56 three-beds with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a>.

According to the Design Report by PBD, the built form "responds to the site’s natural fall, solar orientation, and established vegetation, creating a layered architectural expression that balances scale, materiality, and landscape”.

<img alt="159-167 Darley Street West, Mona Vale" data-entity-type="file" data-entity-uuid="44040ed2-13c6-4f18-8326-a51467cb8532" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Mona%20vale%20pers.png?VersionId=4H1gEiyyCX2yT_fYV6kAdWaaVlCttC6P" />

The proposal aims to maximise passive design outcomes, with the site’s northern orientation supporting solar access and cross-ventilation. Building footprints have been shaped to preserve high-retention trees and accommodate an overland flow path, which runs diagonally through the rear of the site.

The development includes several sustainability initiatives, such as full electrification, EV charging provisions, and generous communal open spaces integrated across the ground and rooftop levels. As outlined in the planning documents, the buildings have been stepped in both plan and elevation to reduce bulk and provide separation to adjacent dwellings, in line with the Apartment Design Guide and local controls.

The project site falls just within the 800-metre radius covered by the NSW Government’s Low and Mid-Rise Housing Reforms, which entered their second stage in February 2025. These reforms introduce specific planning controls that significantly increase the potential for medium-density housing growth within 800 metres of the Mona Vale town centre.

<img alt="159-167 Darley Street West, Mona Vale" data-entity-type="file" data-entity-uuid="5df61e6d-0696-4c1e-81c2-8d3535228878" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_9.png?VersionId=vWjI2oCZhAkCPKv4xMEVLdVNkn.keD6_" />

IPM has been active in the local market for several years. Its recent projects include Maya on Bungan Street near the town centre, a 33-apartment development completed in late 2024, and Iluka on beachfront Golf Avenue, a boutique project of just 14 apartments. Iluka set a local record in 2021 when a full-floor, three-bedroom apartment sold off the plan for $4.775 million.

Nearby in Palm Beach, IPM is also delivering Snappermans, a collection of just five luxury apartments designed by Koichi Takada Architects, located steps from Pittwater. The developer has also recently completed Como Coogee, a 20-apartment development on Carrington Road.

First look: IPM plans third Mona Vale project

With demand for high-quality family homes in the inner west continuing to rise, young families are increasingly turning to new forms of multi-generational living.

At <a href="https://www.apartments.com.au/buildings/ashbury-terraces-ashbury-165-171-milton-street-ashbury-nsw-2193">Ashbury Terraces</a>, Nikki Pham and Danny Lai are among the growing number of residents choosing the precinct for its space, design integrity and strong sense of community.

For Nikki and Danny, purchasing a three-storey terrace was about securing a long-term home for their young family. Having spent most of their lives in the inner west, they first discovered the project while it was under construction.

“We walked past and had a look during the build and instantly felt the vibe. It had everything we were looking for,” said Nikki.

A return to green, open spaces was a major drawcard after living closer to the CBD.

“We like going for walks, and here it feels like a mini oasis while still being central to everything we need,” she said.&nbsp;

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Inside, the couple were immediately drawn to the craftsmanship.&nbsp;

“I love the Calacatta marble and timber detailing. If I’d designed it myself, these are exactly the fittings and fixtures I would have picked,” Nikki said. “There’s actually very little I’d change.

“We’ve found the craftsmanship has been great and I believe the beautiful arches and curves, including on our stunning staircase, are all made by hand.”

Since moving in with their seven-month-old baby in mid-August, the family has been making the most of the amenities, especially the pool.&nbsp;

“We love using the shallow area with the baby. It’s great for kids, and the sunbeds are perfect when it’s not too hot,” Danny said.

[smartcode_project:default project_id=112253 project_image_fid=354939]

The home features kitchen, living and dining areas on the ground floor with courtyard access to the pool, two bedrooms and a study on the middle level, and a master suite on the top floor. The proximity to local parks, childcare, and schools also made it an easy choice.

Nikki has noticed the project is sparking interest from the extended families of new residents.&nbsp;

“Several of our neighbour’s parents have now bought here too. It’s ideal for multi-generational living because everyone has their own space but you’re still close by.”

<h2>A growing trend in the inner west</h2>

Aras Labutis, Head of Urban Transformations at <a href="https://www.apartments.com.au/developers/coronation-property">Coronation Property</a>, said families like Nikki and Danny’s reflect a broader shift.

“Ashbury Terraces was designed for families at different life stages who want to stay connected to the inner west, including multi-generational households," Labutis said.

"Some terraces even include lifts, which make them ideal for older residents who want to remain independent while living close to children or grandchildren."

[smartcode_project:default project_id=112253 project_image_fid=354936]

Recent ABS data shows around one in five Australian households is now multigenerational, following a 22 per cent rise in the five years to 2021.

“The demand we’re seeing aligns with broader national data showing ongoing growth in multi-generational living as families look for practical, long-term solutions in well-connected suburbs.”

<h2>Milton Estate launches as the precinct’s next chapter</h2>

Following this strong response, Coronation is now registering expressions of interest for Milton Estate, the next evolution of the precinct. Strong sales and sustained interest in family-focused inner west homes have underpinned the decision to bring this next stage to market sooner than anticipated.&nbsp;

[smartcode_project:default project_id=112253 project_image_fid=358839]

The new collection continues the same design principles, quality materials, heritage sensitivity and family-focused layouts, and its launch reflects demand from both local buyers and extended families who want to remain part of the growing community at Ashbury Terraces.

<h2>A new neighbourhood taking shape</h2>

Designed by award-winning architects <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, and brought to life with landscaping by <a href="https://www.apartments.com.au/landscape-architect/360-degrees-landscape">360 Degrees</a>, Ashbury Terraces comprises 136 residences across five low-rise buildings, supported by amenities including a pool, gym and landscaped communal spaces.

For Nikki and Danny, it already feels like a place to grow for years to come.

“We’ve found great childcare nearby, and Ashbury Primary and Trinity Grammar are within easy reach. There are other excellent public and private school options too,” Nikki said.

“It’s hard to find something like this in the Inner West,” she added. “It’s certainly unique in <a href="https://www.apartments.com.au/developments/ashbury-nsw-2193">Ashbury</a>. We’ve got everything we need here and it already feels like home.”

[smartcode_project_cta:default project_id=112253]

Ashbury Terraces proves a perfect fit for growing families and multi-generational living

An exclusive collection of luxury Sky Homes featuring sweeping water views, each with their own private rooftop terrace and marina berth, are part of the latest release at Lewis Land’s visionary <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplanned community.&nbsp;

The Sky Homes, which sit within the Signature Collection, have been designed by&nbsp;<a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>&nbsp;and&nbsp;feature contemporary light-filled coastal interiors, accented by natural textures of timber and stone. The homes range from 282 sqm to 367sqm and offer three bedrooms, three bathrooms, multiple living zones, three car parks, large private balconies, and their own rooftop terraces. &nbsp;

[smartcode_project:default project_id=113271 project_image_fid=359204]

<a href="https://www.apartments.com.au/developers/lewis-land-group">Lewis Land</a> Head of Development Michael Long said the three double-storey Sky Homes occupying the &nbsp;upper levels of The Waterline apartment building formed part of the masterplan’s Signature Collection of &nbsp;luxury residences. &nbsp;

“The exclusive Sky Homes are more than penthouses, they are double-storey homes featuring expansive living spaces and outdoor terraces,” Mr Long said.&nbsp;

“Located on levels five and six of The Waterline, each Sky Home includes its own private marina berth with direct Broadwater access and carefully curated high-end finishes throughout.”&nbsp;

&nbsp;

[smartcode_project:default project_id=113271 project_image_fid=359206]

The launch of The Signature Collection coincides with the milestone topping out of The Waterline, the first of three residential collections being delivered in the first stage of Harbour Shores.&nbsp;

Residents will also have access to a private pool and other resident-only amenities including a large &nbsp;lagoon pool, social clubhouse, tennis court, gym, yoga and sauna facilities. &nbsp;

Prices for the Sky Homes start from $3.65 million. &nbsp;

&nbsp;

[smartcode_project:default project_id=113271 project_image_fid=290031]

The Signature Collection also features The Residences, an exclusive release of six premium waterfront villas, positioned directly on the 1.2km waterfront boardwalk.&nbsp;

The Residences offer more than 350 sqm of contemporary living with premium finishes throughout and &nbsp;dining spaces that flow seamlessly to the outdoor entertaining area on the ground floor. Each have their own private plunge pool overlooking the water, and a private marina berth.

All villas include two secure car parks and residents have access to the extensive amenities within the broader precinct. Prices start from $3.05 million. &nbsp;

[smartcode_project:default project_id=113271 project_image_fid=290030]

Harbour Shores is a resort-style community focused on lifestyle and wellness where neighbourhoods &nbsp;are connected by extensive landscaping, green spaces and pedestrian networks, including a 1.2- kilometre waterfront boardwalk.&nbsp;

Boasting a 6 Star Green Star Communities V1.1 rating, the highest level of sustainability of any project &nbsp;on the Gold Coast, Harbour Shores will deliver more than 2,000 homes over the next decade.&nbsp;

Colliers is marketing Harbour Shores, and has seen significant demand from local owner-occupiers.

[smartcode_project_cta:default project_id=113271]

Lewis Land unveils Harbour Shores’ double-storey sky homes with private marina berths

Heidelberg

Cultivate, the newest apartment project by developer Kincaid, is set to change the face of the small suburb of&nbsp;Heidelberg West&nbsp;when it is completed in late 2023.

Ideally located between the adjoining&nbsp;suburbs of&nbsp;Ivanhoe, Heidelberg and Preston, Cultivate will be the first high-rise in Heidelberg West. It will activate the&nbsp;street-level of Bell Street,&nbsp;with retail space at the foot of the two&nbsp;buildings.

Over 50 per cent of the building has sold, to a good mix of first home buyers, investors, and owner-occupiers, Kincaid&#39;s development manager Joel Martin says.

Investor Patrick Hernandez was one of the latest buyers. He saw a number of benefits&nbsp;to Cultivate, his first investment in Melbourne&#39;s northern suburbs.

We recently sat down with Patrick to discuss why he opted for a Cultivate apartment.

[smartcode_project:default project_id=628 project_image_fid=178987]

JR: How did you discover Cultivate?&nbsp;&nbsp;

PH: Via email and Urban&rsquo;s internet website.

JR: What makes Cultivate an attractive investment opportunity?&nbsp;&nbsp;

PH: Good value for money with strong capital growth and long term rental yield.

JR: How do the returns in Heidelberg West compare to investments you have in surrounding areas?&nbsp;

PH: This is my first time to invest in this part of Melbourne, i. e., in the northern suburbs.

[smartcode_project:default project_id=628 project_image_fid=180701]

The investment however ranks comparatively though, with&nbsp;an attractive rental yield at 5.2% which is much better than most investment properties I have researched so far.&nbsp;

Capital growth is projected to be around the same level.

JR: Which apartment configuration did you opt for, and what led you to narrow down your decision to the apartment you purchased?&nbsp;

PH: I opted for a two-bedroom, two-bathroom, one-park&nbsp;unit as this unit type would give me a much better yield than a one-bedroom unit in the long run.

[smartcode_project:default project_id=628 project_image_fid=180702]

JR: What made you decide to buy?&nbsp;&nbsp;

PH: The demographics and gentrification of the area has a lot of potential for further growth and development!!

JR: Are there features at Cultivate that surprised you?&nbsp;&nbsp;

PH: It has a WALK SCORE of 80, ergo, more room for future growth and development!

[smartcode_project:default project_id=628 project_image_fid=178984]

JR: What do you love most about what Cultivate has to offer residents?&nbsp;&nbsp;

PH: It&rsquo;s gentrification from surrounding but more established suburbs of Ivanhoe, Preston, and Heidelberg will spill over to Heidelberg West to spur further development in the area.&nbsp;

On top of this, La Trobe University has plans to become a &ldquo;world-class University City of the Future with its 235 hectare Campus development.

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Ergo, this will create over 20,000+ jobs over ten years, additional housing for 12,000 students, and educational facilities for 40,000+ students.&nbsp; This will generate $3.5B in GRP over 10 years!

JR: Do you have any advice for budding investors?&nbsp;&nbsp;

PH: Do the maths as this rare property investment in Cultivate is a no brainer!&nbsp; If you are looking for strong capital growth and consistent rental yield, DON&rsquo;T GO PAST CULTIVATE @ HEIDELBERG WEST!&nbsp; It will surely pay you handsome dividends!

[smartcode_project_cta: project_id=628]

Over 50 per cent of the building has sold, to a good mix of first home buyers, investors, and owner-occupiers, Kincaid's development manager Joel Martin says

Why investor Patrick Hernandez bought a Cultivate, Heidelberg West apartment: Urban buyer Q&A

Heidelberg West, in Melbourne&#39;s north-east, has quietly made a name for itself off the back of its more established suburbs of Ivanhoe, Preston, and Heidelberg.

Not just an extension of Heidelberg, Heidelberg West has been around for over a century, with the Heidelberg West Post Office dating back to the early 1920s. The area went on to host the Olympic Village at the 1952 Summer Olympics.

The small suburb&#39;s&nbsp;borders stretch from the start of Darebin Creek Forest Park and Olympic Park on the west to Waterdale Road to the east, with a number of parks, and extensive infrastructure, dotted throughout the suburb.

The local council, Banyule City Council, has plans in place&nbsp;to&nbsp;renovate the historic Bell St Mall, a sign of further infrastructure investment in the area.

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On the border to the north of Heidelberg West is the&nbsp;&nbsp;La Trobe University, which has extensive plans to become a world-class University City of the Future, with development of the 235 hectare campaus.

La Trobe has been identified as the anchor in the Victorian Government&rsquo;s La Trobe National Employment and Innovation Cluster, one of seven clusters to be developed, to support the projected significant employment and residential growth in Melbourne&rsquo;s North.

The new infrastructure will turn the campus &#39;inside out&#39; and welcome the local community onto the campus as a place to live, learn, work, socialise and stay healthy.

The University City of the Future will create:

- 20,000+ new jobs over ten years

- Education facilities for 40,000+ students

- Additional housing for 12,000 students, staff and private residents

- $3.5 billion in Gross Regional Product (GRP) over the next 10 years.

[smartcode_project:default project_id=628 project_image_fid=180702]

Infrastructure will be furthered at Precinct 6A, on the corner of Bell Street and Waterdale Road, where there&#39;s been a rezoning by the local council&nbsp;for multi-level residential development, essentially leading to the gateway of the Heidelberg Precinct and Activity Centre.

The precinct will feature increased residential density to support the expanded job opportunities of the nearby LaTrobe National Employment and Innovation cluster.

This has been highlighted in the Heidelberg Structure Plan, currently adopted by Council and is expected to be delivered in the near future to accommodate the growth of the area.

One of the newest developments set to take advantage of the future infrastructure pipeline in the area is Cultivate, Heidelberg West&#39;s first high-rise development.&nbsp;

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The dual-tower project, already over 50 per cent sold, will be one of the tallest on Bell Street, with&nbsp;stricter building heights now put in place as the residential development pipeline builds.

Cultivate offers a&nbsp;walk score of 80, with grammar schools and colleges, universities, hospitals, research hubs, major retail centres and the Yarra Valley Parklands all close by.

Apartments at Cultivate start from just $369,000 for a one-bedroom apartment and $479,000 for the two-bedroom units, considerably less than&nbsp;Heidelberg West&#39;s $650,000 median for two-bedroom apartments. Three-bedroom apartments start from $727,200.

Construction is expected to begin early next year, with a completion date slated for the end of 2023.

[smartcode_project_cta: project_id=628]

The small suburb's borders stretch from the start of Darebin Creek Forest Park and Olympic Park on the west to Waterdale Road to the east

Why buyers are looking to invest in Heidelberg West

First home buyers have been eyeing the affordable off-the-plan apartments in Cultivate, the latest development in Heidelberg West by the developer Kincaid.

The prominent architecture firm DKO have designed the apartments, which start from as low as $369,000.

The two-bedroom apartments start from $479,000, over $130,000 less than Heidelberg&nbsp;West&#39;s&nbsp;median two-bedroom apartment price of $610,000.

[smartcode_project:default project_id=628 project_image_fid=174207]

Cultivate, toward the tree-lined top of Bell Street, comprises 146 one, two and three-bedroom apartments across two towers.

Most apartments will offer views to the CBD or Dandenong Ranges. There will be a communal garden on the top of the southern tower and on top of the podium that connects the two towers.

Cultivate has a walkscore of 80, representing a very walkable neighbourhood with easy access to decorated educational institutions like La Trobe University, the RMIT Bundoora Campus, Our Lady of Mercy College, Ivanhoe Grammar School and Ivanhoe Girls&#39; Grammar School.

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It is located just 12km north east of Melbourne&rsquo;s CBD, which is accessible via a range of public transport options. The conveniently located&nbsp;freeway provides easy access to get out of Melbourne, linking to the&nbsp;Mornington Peninsula and the Yarra Valley winery region, while the Eastern Freeway makes the CBD easily accessible.

The nearby Yarra Valley Parklands offer a diverse range of activity, golf courses, bike paths &amp; canoeing along the Yarra River.

West Heidelberg is part of a National Employment and Innovation Cluster, as identified by the Victorian Planning Authority, and is home to some of Melbourne&rsquo;s largest medical and research centres.

[smartcode_project_cta: project_id=628]

First home buyers have been eyeing the affordable off-the-plan apartments in Cultivate, beating out much of the established competitors in Heidelberg West

jordan_55689

Kincaid offering first home buyer entry to Heidelberg West, with affordable Cultivate apartment development

Investors have been witness to the growing attractiveness of Melbourne&rsquo;s Heidelberg&nbsp;West in recent years, as the ramping government expenditure totalling more than half a billion dollars has started to snowball the suburb&#39;s underlying value.

Heidelberg West apartments have seen 5.3 per cent price growth per annum over the past 10 years, according to SQM Research. Population growth has been similarly steady, up 1.3 per cent per annum for the past decade, ABS and Urbis data found.

Demographics in the Heidelberg West area reflect a younger age demographic, with a higher proportion of residents renting their property. Some 59 percent of residents are renters, more than double the 28 per cent in Greater Melbourne average.

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And there&rsquo;s potential for further growth in the area due to the $160 million Olympia Housing Initiative, which is set to revitalise housing in Heidelberg West, Heidelberg Heights and Bellfield. Outdated public housing is being replaced by more housing more appropriate to local demographics.

There&rsquo;s also the proposition of the $50 million redeveloped town square in Heidelberg West, as well as $210 million development in neighbouring Ivanhoe of an 8,900 sqm site that will include residential, aged care and child care facilities.

Growth in median weekly rents has been steady in the Heidelberg West/Heidelberg rental area over the past decade. Data indicates that one-bedroom units achieved the strongest growth, at 6.5% per annum for the last 10 years. This is above the Greater Melbourne average of 5%. Over the same period, two and three bedroom units grew at 5.2% and 4.3% per annum respectively, indicating continued demand for rental units across all sizes.

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Heidelberg West has the lowest rental vacancy rate among the surrounding suburbs, currently at 1.3%.&nbsp;

Cultivate, at 294 Bell Street, has a walk score of 80, indicating a very walkable neighbourhood with easy access to grammar schools and colleges, universities, hospitals, research hubs and major retail centres. It also has extensive transport links and a direct road network.

[smartcode_project:default project_id=628 project_image_fid=178965]

Cultivate is located 12km north east of Melbourne&rsquo;s CBD. It is close to a range of employment, education, retail and services hubs including:&nbsp;

<ul>
	<li>Northland Shopping Centre</li>
	<li>Heidelberg Activity Centre</li>
	<li>Biomedical Alliance Precinct Specialised Activity Centre</li>
	<li>La Trobe University Bundoora</li>
</ul>

The proportion of residents working in white collar roles has been on the rise in Heidelberg West. The young age profile, high proportion of renters and prevalence of lone person households, is supportive of demand for apartment housing.&nbsp;

This is typical of a suburb that is undergoing gentrification and the same trend is evident in the adjacent suburbs nearer the Melbourne CBD, which have seen healthy price growth. It was even named a National Employment and Innovation Cluster by the Victorian Planning Authority.

National Employment Clusters are defined as, designated geographic concentrations of interconnected businesses and institutions that make a major contribution to the national economy and Melbourne&rsquo;s position as a global city.

[smartcode_project_cta: project_id=628]

Demographics in the Heidelberg West area reflect a younger age demographic, with a higher proportion of residents renting their property

Why investors are keen on Heidelberg West apartments, Cultivate

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Architect Harold Desbrowe-Annear was the pioneer of the medieval movement in Australian home design, especially in Melbourne's north-east.
Born into a Bendigo mining family in the 1860s, raised on Westbank Terrace, Richmond and matriculating from Hawthorn Grammar, Anneal was articled in the office of the architect William Salway.
Salway's office was designing trophy homes, Raheen for Edward Latham in Kew, Moondah for James Grice at Mount Eliza and Millswyn Court for James Gatehouse in South Yarra.
Desbrowe-Annear was especially following the English Arts and Crafts movement closely.
He became responsible for much of the medieval inspired work in Heidelberg, Ivanhoe, Greensborough and Alphington.
His Macgeorge house at the confluence of the Yarra River and Darebin Creeks is still viewed as a stunner.
In the early 1900s the then Ascot Vale-based Desbrowe-Annear and his wife Florence headed to live at Eaglemont near Heidelberg.
His father-in-law James Chadwick had paid £170 for three building blocks high on Mount Eagle.
The couple built a home for themselves. Their home differed to the other two as it initially had a corrugated iron roof, painted red to replicate the expensive Marseilles-pattern metal tiles. The tiles were added at a later date.
The neighbouring father-in-law's home, that became known as Chadwick House, has been recently listed for sale at $3 million.
It is a medieval-inspired Arts and Crafts style home with half-timbered roughcast walls, a hipped and gabled Marseilles-patterned tile roof, arcaded chimney stacks and cantilevered gables. 
<a href="https://www.realestate.com.au/property-house-vic-eaglemont-130693858" target="_blank">Chadwick House</a> sits in 1,460 square metres of established gardens on The Eyrie with views capture by the Heidelberg School artists including Arthur Street and Walter Withers who had mixed socially with the Desbrowe-Annears.
<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/2019/6/28/eaglemount%203.jpg" alt="">
The home was first sold in 1922. It last traded in 1988 at $715,000 when sold by university professor Robert Reid to the architect Peter Crone and wife Jane, who undertook an award-winning restoration.
The home has been returned to its original condition, winning the national award for heritage from the Australian Institute of Architects in 2008 for Crone, who first became aware of Desbrowe-Annear in the 1960s. 
He was a student of architecture at RMIT on a class visit to Eaglemont to walk around the homes designed by Walter Burley Griffin and Desbrowe-Annear.
The class text, Robin Boyd’s Australia’s Home, published in 1952, referred to Annear’s inventive approach.
"Every new commission for a house was an invitation to experiment with a new device for a window or a cupboard or a detail of construction,” Boyd noted.
In 1902 Desbrowe-Annear gave a lecture at his local library where he quoted the emerging influential designer William Morris's 1880 lecture, The Beauty of Life.
"Have nothing in your houses that you do not know to be useful or believe to be beautiful.”
Embracing open planning, Chadwick House (pictured throughout), added to the Victorian Heritage Register in 1996, is a four bedroom, two level home with a stately dining room, a library and a living area with adjoining sitting room, opening to a verandah with views. 
<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/2019/6/28/eaglemount%202.jpg" alt="">
Internally the house has extensive timber panelling with Charles Voysey-style built-in furniture and storage space.
Guided by the notions of ventilation, aspect, sunshine, views, along with a healthy atmosphere, the home comes without the then very dominant, long passageway technique.
The swagged and ogee-arch slatted balcony balustrading have been borrowed from northern European 14th and 15th century domestic styles.
<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/2019/6/28/eaglemount%204.jpg" alt="">
These are exemplified in the white rough cast and black stained timbering both internally and externally, an early example of medieval revival style unique to Heidelberg.
Miles Real Estate Ivanhoe agents Stewart Oldmeadow and Elisse Farquhar, who initially gave a guide of $3.15 million to $3.35 million, have had an offer that seems likely to result in a sale.
Harriet Edquist's biography, Harold Desbrowe-Annear 1865-1933 : a life in architecture suggests he was an iconoclast and maverick, having been trained in the academic classicism of the 1880s.
She described the three Eaglemont homes as a "remarkable episode in Australian domestic architecture".
By 1914 Desbrowe-Annear was living in South Yarra with his upmarket clients commissioning Glynt at Mount Martha for the Henty family, descendants of Victoria's first European settlers. It bears a similarity to another of his designs, Delgany at Portsea.
After his 1933 death, Edquist noted his work was soon to be eclipsed by the modern movement, which was not interested in history or acknowledging its debt to pioneers.
This article first appeared in The Weekend Australian. 
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jchancellor-FAypfDUnLy

How architect Harold Desbrowe-Annear left his medieval touch on Melbourne's north-east 

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CBRE Agribusiness has been appointed to sell The Greenery Garden Centre in Heidelberg.
It is being billed as Melbourne’s leading nursery brand and destination garden centre since 1976.
Located 11km from the Melbourne CBD, in the city’s growing eastern corridor, The Greenery Garden Centre is a dedicated greening specialist, providing a range of products and services, including plants, sand and soil, outdoor furniture, ornaments, homewares, water features and other accessories. 
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The property, at 4 Banksia Street, comprises a 2.33ha landholding situated along the banks of the Yarra River.
CBRE Agribusiness agents Duncan McCulloch and James Beer have been appointed to handle the sale of both the freehold and the business.  
“The opportunity comprises a large scale freehold landholding and profitable business with a strong trading performance and a long-standing and dedicated customer base,” they suggest.  
The Greenery Garden Centre is being sold as a going concern.
CBRE expect to receive strong interest from both domestic and international industry participants. 
 
 
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j.ballantyne1990-6AQqhLzZaK

Heidelberg's The Greenery listed for sale

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Heidelberg will soon enough host another apartment building, the latest in the suburb's subdued yet steady accumulation of higher density living projects.

Fresh to market is Martin &amp; Powlett which will add 121 new apartments to a pocket of Heidelberg opposite the Austin Hospital. Championed by Blue Earth Group, the proposal was not without its challenges at planning, eventually receiving the nod at Banyule City Council.

Local action group Friends of Powlett Street Common rejected the development outright, citing the 26 metre building as a gross over development.

Nonetheless Martin &amp; Powlett will add further impetus to Heidelberg's expanding apartment market, primarily underpinned by the Heidelberg Station and the Austin Hospital Precinct. The precinct is one the Victorian Planning Authority's urban renewal projects which will see further integrated development opportunities in and around Heidelberg Major Activity Centre.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image60aa.jpg" rel="gallery-all" title="Martin &amp; Powlett's Powlett Street perspective"><img alt="" class="image-article-full-width-580px" height="296" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image60aa.jpg?itok=sMLgQvYu" title="Martin &amp; Powlett's Powlett Street perspective" width="580"></a>

<figcaption>Martin &amp; Powlett's Powlett Street perspective</figcaption></figure>Blue Earth Group's newest release is in conjunction with CHT Architects. The 2,990 square metre site will see the development span eight levels to a 70 metre Martin Street fontage, with a smaller visual bulk to Powlett Street.

The 121 new one and two bedroom dwellings are ten fewer than what the developer received approval for at the turn of 2016.

Currently, there are 18 apartment development in play across Heidelberg according to the Urban Project Database. The arrival of Martin &amp; Powlett sees it become only the second project in postcode 3084 that is purely at registrations and sales.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image61_1.jpg" rel="gallery-all" title="Ivanhoe, Hello Heidelberg and Montvue at construction"><img alt="" class="image-article-full-width-580px" height="230" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image61_1.jpg?itok=R0QF4N9R" title="Ivanhoe, Hello Heidelberg and Montvue at construction" width="580"></a>

<figcaption>Ivanhoe, Hello Heidelberg and Montvue at construction</figcaption></figure>There are three projects that are at construction amounting to 352 new apartments for Heidelberg.

Whilst Hello Heidelberg and Montvue are very much representative of the typical Heidelberg apartment development for height and apartment numbers, Caydon Property Group Ivanhoe project is the statistical anomaly in the database. At 443 Upper Heidelberg Road, its 269 apartments are by far and away the suburb's largest development to date.

Ivanhoe aside, Heidelberg has typically seen one or two noteworthy apartment projects under construction at any given time. Vila &amp; Forge at 37 Burgundy Street shapes as the next to hit construction at the hand of builder Balmain&amp;Co.

In and among a raft of smaller apartment developments in waiting, 21 Yarra Street is perhaps Heidelberg's most interesting.

Approval is in place for a 10 storey development which includes office levels and 88 apartments. If realised the development would take apartment living further east away from Heidelberg's Burgundy Street spine, effectively giving rise to a new area open to higher density apartment developments.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image62_3.jpg" rel="gallery-all" title="21 Yarra Street shapes is an approved development within Heidelberg"><img alt="" class="image-article-full-width-580px" height="360" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image62_3.jpg?itok=IlCsrWE0" title="21 Yarra Street shapes is an approved development within Heidelberg" width="580"></a>

<figcaption>21 Yarra Street shapes is an approved development within Heidelberg</figcaption></figure>
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silvermb

Heidelberg; the quiet achiever apartment market ticks over once more

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A Heidelberg corner site leased to Bendigo Bank has been sold at auction for $5.302 million, reflecting a 3.4 percent yield and a land rate of around $7,470 per sqm.
The 710sqm property, 164-166 Burgundy Street, is zoned Commercial 1 and subject to a development overlay for a development of six-to-eight levels comprising 30-plus apartments above ground floor retail.
Fitzroys agent Chris James said several buyer groups fought out the auction for nearly an hour.
“The successful purchaser fought off other local and offshore investors including parties from Singapore and Hong Kong, as well as a number of development groups,” he said.
“The attention of overseas buyers is now firmly focused on the Melbourne and Sydney commercial markets given the penalties imposed by regulators on overseas investors acquiring residential properties,” he said.
“The eventual buyer was comforted by the fact that although they are an investor that now owns a bank site with a secure income, there is an opportunity at some time in the future to undertake a substantial development project on one of the suburb’s most prominent corners and in an area that increasingly embracing medium and high-density living.”
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Investor banks on Heidelberg corner site

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A Malaysian Investor has paid $5 million on a tight 4.86 percent yield for a Burgundy Street, Heidelberg investment property with development upside.
The Savills deal established a new land value record for the area of $11,655 a square metre.
The new single storey, 420 square metre retail building in the heart of the Burgundy Street retail precinct, was sold subject to a new lease to Chemist Warehouse returning $243,101 per annum.
There are plans and a permit for the construction of 16 apartments over six levels above.
Savills’ Director CBD &amp; Metropolitan Sales, Nick Peden, who brokered the 156 Burgundy Street deal with Jesse Radisich, said, with foundations already in place to support the approved project, the new development was ready to go. 
"This was truly a rare opportunity with income from a blue chip tenant during construction.
Heidelberg, within easy reach of Melbourne’s CBD, has become increasingly popular over recent years with developers selling up to 90 percent of apartment projects before and during construction.
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Savills secures land value record for Heidelberg

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Banyule is beginning to witness an upswing in projects entering the Apartments.com.au Project Database as apartment developments within the municipality begin to take a foothold as with many other parts of Melbourne.

2015 witnessed a new high benchmark set for the area with the Fender Katsalidis-designed Ivanhoe Apartments gaining approval at 14 levels, becoming Banyule's tallest approved development to date.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image54_1.jpg" rel="gallery-all" title="Ivanhoe Apartments is approved and at sales. Image: Caydon"><img alt="" class="image-article-full-width-580px" height="350" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image54_1.jpg?itok=_v4qHy-M" title="Ivanhoe Apartments is approved and at sales. Image: Caydon" width="580"></a>

<figcaption>Ivanhoe Apartments is approved and at sales. Image: Caydon</figcaption></figure>Ivanhoe Apartments at 443 Upper Heidelberg Road may soon be joined by another sizeable project with the former Courtney and Patterson Ford site on Bell Street subject to a large planning application.

Proponent Blue Whale Property Group Australia Pty Ltd is seeking approval for the development of the former car yard into a mixed-use project.

Initially submitted at 14 to 16 levels during mid 2015, the project which features aged care spaces, independent living apartments, GP and medical clinic spaces, a gymnasium, childcare centre, residential hotel and traditional apartments has been scaled back somewhat in line with Council's expectations. With revised plans submitted during December headline details for the Hayball-designed project are as follows:

<h2>37-69 Bell Street, Ivanhoe</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image55_3.jpg" rel="gallery-all" title="A revised scheme for Bell Street is under consideration. Planning image: Hayball"><img alt="" class="image-article-full-width-580px" height="226" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image55_3.jpg?itok=Wr5lGy0H" title="A revised scheme for Bell Street is under consideration. Planning image: Hayball" width="580"></a>

<figcaption>A revised scheme for Bell Street is under consideration. Planning image: Hayball</figcaption></figure><ul>
<li>8,924sqm site with 125m frontage to Bell Street</li>
	<li>Four buildings of up to 12 levels</li>
	<li>Aged care and independent living apartments</li>
	<li>Traditional private apartments and hotel suites</li>
	<li>GP clinic and Allied Health consulting suites</li>
	<li>Various communal facilities</li>
	<li>132 car barking bays, 14 bicycle bays and storage spaces</li>
	<li>Amenities include 901sqm gym, central courtyard garden, aged care day respite centre and cafe </li>
</ul>
<h2>The bulking of Banyule</h2>

A variety of smaller apartment projects are in the pipeline for the area as well, with Ivanhoe and Heidelberg accounting for many of the projects.

Blue Earth Group secured approval earlier in the year for an eight level apartment project at 9-11 Martin Street and 12 Powlett Street. Sold off by Austin Health and in close proximity to Heidleberg's medical precinct, Blue Earth Group are now free to pursue the SACBW-designed scheme which will include 131 apartments above medical and retail spaces.

Almost adjoining is a proposal for 91 Darebin Street, with Ascui &amp; Co creating a six level building containing a medical suite and 37 apartments. 37 Burgundy Street is also subject to a six level mixed-use building, with a variety of other smaller 3-4 level apartments projects also current within Banyule City Council's planning process.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image59_3.jpg" rel="gallery-all" title="91 Darebin Street and 294 Bell Street. Images: Ascui &amp; Co / Afterglow"><img alt="" class="image-article-full-width-580px" height="196" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image59_3.jpg?itok=JWmggfnN" title="91 Darebin Street and 294 Bell Street. Images: Ascui &amp; Co / Afterglow" width="580"></a>

<figcaption>91 Darebin Street and 294 Bell Street. Images: Ascui &amp; Co / Afterglow</figcaption></figure>Lacking a dedicated planning register, Banyule City Council's planning process can be somewhat opaque, making the task of publicly tracking the municipality's higher density development all the more difficult.

Currently Apartments.com.au is tracking 31 projects within Banyule, with a handful yet to be added to the Project Database. The vast majority are residential apartment projects and are at various stages of the development cycle.

Larger projects at construction include Evergreen Ivanhoe and Heidi Apartments which between them account for 177 dwellings, while smaller projects such as Cartmell Place and 13-17 Cartmell Place act as infill developments. Mooted to launch shortly is 104 Mount Street with approximately 120 dwellings while 294 Bell Street has been revised if the new render above is any guide.

Overall, Apartments.com.au is tracking in excess of 2,100 apartments within Banyule.
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