For most new apartment buildings, the Owners Corporation starts life with little more than a bank account and the first quarterly strata levies.

At <a href="https://www.apartments.com.au/buildings/9-gay-street-castle-hill-9-gay-street-castle-hill-nsw-2154">9 Gay Street</a> in <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a>, it starts with around $7 million in reserve.

It's an unusual legacy of what was once one of Sydney's highest-profile apartment remediation projects. When the development, originally known as Skyview and built by disgraced developer Top Place, came under scrutiny by then NSW Building Commissioner David Chandler, an $11 million remediation bond was negotiated to ensure any building defects could be fully rectified.

The building underwent an 18-month remediation program, during which around $4 million of that bond was spent bringing the building up to the standard it should have been in from the outset.

After extensive inspections, all active rectification orders have been lifted. What's more, around $7.2 million remains secured for the Owners Corporation for the next 15 years.

In a twist few would have predicted, what began as a significant concern for purchasers has left the building with something almost unheard of in the apartment market: a multi-million-dollar financial reserve from day one.

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<a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a> Executive Chairman Greg Huxley said the structure offers buyers a level of certainty that is difficult to replicate.

"The $11 million bond established for the Skyview Castle Hill development represents exceptional value, providing genuine financial security for purchasers," Huxley said.

"Unlike a standard insurance policy, this bond consists of real funds held in trust for the Owners Corporation, offering a tangible layer of protection and added peace of mind."

The apartments themselves have been designed with a focus on practical, contemporary living. Interiors feature Smeg appliances, stone benchtops, tiled living areas, carpeted bedrooms, 2.7-metre ceilings, floor-to-ceiling glazing, and ducted heating and cooling throughout.

Residents also have access to a range of shared amenities, including two rooftop barbecue areas, a swimming pool, children's playgrounds, secure building access, storage cages, and visitor parking.

The location continues to be one of the project's strongest drawcards. Castle Hill Metro Station sits virtually on the doorstep, providing direct connections across Sydney's expanding Metro network, while Castle Towers offers extensive retail, dining, entertainment, and service amenities within walking distance.

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The building, now named after its location at 9 Gay Street, comprises a diverse mix of one-, two-, and three-bedroom apartments starting from just under $600,000.

Equitifund National Sales Director Ben Hamblett said demand in the Hills District continues to be driven by buyers seeking convenience and connectivity.

"Interest from both owner-occupiers and investors in Castle Hill remains exceptionally strong, with buyers consistently prioritising developments in close proximity to the Metro station and Castle Towers Shopping Centre," Hamblett said.

"There is a clear trend in the market, with purchasers seeking convenient access to transport and lifestyle amenities that support a seamless, low-maintenance way of living."

On top of the long-term protection afforded by the remaining $7.2 million bond, Equitifund is offering a limited-time stamp duty rebate on selected apartments.

Eligible purchasers can also secure finance options, including a 3.99 per cent two-year variable rate, loan-to-value ratios of up to 90 per cent, and interest-only lending options through EquitiCredit.

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Joel Robinson

Why this Castle Hill apartment building starts with a $7 million advantage

For much of the past few years, conversations about Australia's property market have centred on the rapid growth seen in Sydney, Brisbane, Gold Coast, and Perth. <a href="https://www.apartments.com.au/developments/melbourne-vic-3004">Melbourne</a> has followed a different trajectory.

That relative underperformance is now encouraging some buyers to reassess the city, particularly those willing to look beyond short-term market movements and focus on quality property in established locations, along with the long-term growth prospects of a city expected to overtake Sydney as Australia’s most populous.

John Bekiaris, Research &amp; Market Insights at <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Projects by Equitifund</a>, said Melbourne's current position is attracting increasingly sophisticated purchasers.

"Melbourne continues to present one of Australia's strongest long-term investment stories," Bekiaris says.

"While other capital cities have experienced stronger recent growth, that relative underperformance is exactly what's attracting sophisticated counter-cyclical investors."

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Equitifund isn't just commenting on Melbourne's property market, it's investing in it.

The Sydney-headquartered capital partner has taken over the remaining apartments at <a href="https://www.apartments.com.au/buildings/victoriana-melbourne-20-queens-road-melbourne-vic-3004">Victoriana</a>, the recently completed glass-encased development opposite Albert Park Lake in Melbourne's tightly held St Kilda Road precinct.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and built by <a href="https://www.apartments.com.au/builders/hickory">Hickory</a>, Victoriana places residents between one of Melbourne's most recognised parklands and the CBD, offering oversized two and three-bedroom apartments aimed at owner-occupiers seeking a genuine alternative to a traditional family home.

The development comprises 232 completed residences alongside a suite of resident amenities, including a 25-metre indoor swimming pool, gymnasium, landscaped entertaining areas, resident lounges, EV charging, secure basement parking and a concierge-style arrival experience.

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The apartments have been designed with owner-occupiers firmly in mind.&nbsp;Open-plan living and dining areas flow onto generous balconies framing views across Albert Park Lake, Fawkner Park, the Royal Botanic Gardens and the Melbourne skyline.

Kitchens feature Gaggenau appliances, stone benchtops and generous preparation space. Bedrooms include built-in robes, while bathrooms feature full-height textured tiling. Hardwood flooring and ducted air conditioning complete residences designed for long-term living.

Rothelowman's architecture takes its cues from the landscape opposite the site. Sweeping horizontal glazing references the movement of Albert Park Lake, while generous balconies and expansive glazing strengthen the connection between the apartments and the surrounding parklands. The result is a building designed to deliver the scale and amenity expected of luxury apartment living, while offering the larger floorplans increasingly sought by owner-occupiers.

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The location is one of Victoriana's defining characteristics. Positioned on Queens Road, residents are directly opposite Albert Park Lake and within easy reach of Fawkner Park, the Royal Botanic Gardens, South Melbourne, St Kilda Road and the CBD. With few comparable development opportunities remaining in the precinct, buyers are increasingly placing value on outlooks that are unlikely to be interrupted by future construction.

Greg Huxley, Founder of Equitifund, believes those qualities become even more valuable over time.

"Premium real estate has always rewarded buyers who take a long-term view," Huxley said.

"Victoriana represents the kind of asset that's increasingly difficult to recreate today, particularly in an established location like Queens Road."

He said rising construction costs are also changing the way buyers assess completed developments.

"When you combine an irreplaceable location with thoughtful architecture and premium finishes, you create something that becomes increasingly difficult to reproduce as construction costs continue to rise."

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According to National Sales Director Ben Hamblett, enquiry has been driven largely by Melbourne downsizers and buyers upgrading from smaller apartments.

"Interest in Victoriana continues to build, with strong buyer focus on the larger owner-occupier residences within the development," Hamblett says.

"Enquiry is increasingly driven by local buyers who recognise the rarity of what's on offer: park-facing apartments in an established neighbourhood where new development opportunities are becoming increasingly scarce. At Victoriana, the view is not just a feature; it's an appreciating asset in its own right."

He said interstate enquiry has also strengthened as buyers reassess Melbourne's position within the national property cycle.

"Melbourne currently stands as the most compelling entry point of any major Australian capital, and discerning buyers are beginning to recognise what those who move early always understand: the best opportunities are taken before the price rise confirms them."

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Why now is the time to buy in Melbourne's premium apartment market

Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

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Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

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Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

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Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

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Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

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Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

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Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

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Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

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La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

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<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

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La Vera closes in on completion as Macquarie Park continues residential transformation

Highett

The 9.34-hectare masterplanned precinct Highett Common, in the heart of Highett, is set to be home to over 1,000 residences upon completion, with a conservation reserve alongside a public park with a state-of-the-art playground, a new public library and a community centre.

The first residential release in the development settles among the curated pockets of space, with the surrounding landscape inspiring the internal design.&nbsp;

Developer <a href="/developers/sunkin-property-group">Sunkin Property Group</a> tasked the architects at ClarkeHopkinsClarke to design <a href="/new-apartments/highett-common-37-graham-road-highett-vic-3190">Park House</a>, which&nbsp;they say reintroduces nature to modern life.

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The interiors of Park House strike a balance between design and liveability. Floor-to-ceiling walls of glazing and seamless glass doors connect the living spaces to generous balconies that provide the perfect space to take in the surrounding park views.

Read more:&nbsp;<a href="/news/vic/sunkin-team-up-with-coco-republic-at-highett-common">Sunkin team up with Coco Republic at Highett Common</a>

The one, two, and three-bedroom residences are versatile and enduring, designed for all seasons and any occasion. The living zones are spacious and graceful, using a thoughtful composition of aesthetics and function. The interiors feature a texturally rich palette of materials highlighted by clean, flowing lines, and sun-drenched luxury.

From the matt finish timber floorboards to the recessed ceiling track for the curtains, a sublime and minimalist approach is evident at every turn. The slender white battens add an elegant profile to a feature wall, giving the lounge subtle tactility and character.

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The kitchen, designed to balance daily cooking and entertaining with ease, is both organic and elegant. The full-height panels of timber laminate or satin white joinery conceal a myriad of storage and functional elements.

The timber-inspired finishes and marbled or stone surfaces of the benchtop and splashbacks ground the design with a warm and earthy presence. The suite of premium appliances is completely integrated within the design, including&nbsp;a flush, undermount double sink and sleek gooseneck tapware.

Park House will also offer a level of customisation with residents given a choice of a warm material scheme in classic timber tones or a contemporary palette light material scheme.

Sunkin is now selling the remaining apartments at Park House, and the <a href="/new-apartments/highett-common-37-graham-road-highett-vic-3190">first townhouses in Highett Common</a>.

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Park House will also offer a level of customisation with residents given a choice of a warm material scheme in classic timber tones or a contemporary palette light material scheme

Staff Writer

Designed with substance: Inside the Park House apartments at Highett Common

Nestled just minutes from the serene sands of Sandringham and the vibrant Black Rock beaches, Highett Common is your gateway to a relaxed coastal lifestyle, only 40 minutes away from the bustling Melbourne CBD. In this article, we'll take you on a virtual tour of the Highett Common Display Suite, where sustainable living and modern luxury converge to create the ideal urban oasis. Join us on this journey to discover what makes Highett Common a unique and desirable place to call home.

&lt;iframe width="560" height="315" src="https://www.youtube.com/embed/r5gvdH0e3J4?si=Hi5fUXG8KxPxav25" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen&gt;&lt;/iframe&gt;

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Sustainability at the Forefront: Highett Common is more than just a residential development; it's a commitment to sustainable living. With a focus on sustainability from the very beginning, the community is designed to target Net Zero emissions. Each home features solar integration, electric car charging, and rain tank provisions. This eco-conscious approach ensures that you can enjoy a comfortable lifestyle while reducing your environmental footprint.

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Green Open Spaces: One of the standout features of Highett Common is the dedication to green open space. A remarkable 40% of the site has been set aside for lush, green corridors, allowing residents to immerse themselves in the beauty of nature. Whether it's a leisurely stroll or a jog through the precinct, these leafy corridors provide the perfect backdrop for your daily activities.

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Luxurious Town Homes: Highett Common offers a range of luxurious three and four-bedroom townhomes designed for modern, open-plan living. The renowned architecture firm, Clark Copin Clark, has seamlessly integrated multi-use spaces that flow into outdoor areas. Each window frames picturesque views of the surrounding parklands, embracing the development's biophilic nature. Independent street entry and internal access from lockable garages provide convenience and security.

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Elegant Interiors: Inside these townhomes, you'll find quality Smeg appliances and a sustainably sourced material palette, including stainless steel. The custom wood grain veneer joinery adds a touch of warmth, and built-in storage keeps your living spaces clean and tidy. Highett Common has partnered with the Plant Society and Coco Republic, who offer interior consulting services to personalize your new home.

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Community and Amenities: To enhance your sense of community, Highett Common offers a residents-only app, connecting you with your neighbors and fostering a strong sense of belonging. You can also join fitness and social clubs, swim in the pool, work out in the gym, or dine al fresco in the on-site amenities. Highett Common is more than just a place to live; it's a place to thrive.

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Convenient Location: Highett Common's location is a prime asset. You can easily cycle to the beach and explore the Bay Trail or walk to the collection of local eateries and bars along Hyett Road. The nearby Hyett Shopping Center, with a Woolworths supermarket, ensures you have everything you need right at your doorstep. Plus, numerous parks, golf courses, and markets are just a stone's throw away. The train station is a mere 2-minute walk away, providing a quick 40-minute commute to Melbourne CBD and a single stop to Southland Shopping Center.

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Secure Your Dream Home: If you're ready to make Highett Common your new home, it's time to take the next step. Submit your inquiry today through Apartments.com.au to secure one of the boutique townhomes in this vibrant and sustainable community. Don't miss the opportunity to experience the perfect coastal lifestyle at Highett Common.

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&nbsp;

Discover Highett Common, your gateway to a relaxed coastal lifestyle just moments away from Sandringham and Black Rock beaches. This urban oasis, located a short 40-minute drive from Melbourne CBD, embraces sustainability, green open spaces, and luxurious townhomes. Join us as we explore the Highett Common Display Suite and find out what makes this development unique. 

Olivia Round

The Townhomes at Highett Common Display Tour Video: Your Perfect Coastal Lifestyle in Bayside, Melbourne

Earlier this year Sunkin Property released Highett Common, their sustainable masterplan in the heart of the sought-after Bayside suburb.

We recently caught up with Scott Jessop, Head of Sales and Marketing at Sunkin Property Group, to discuss the project in more detail.

Highett Common: Shaping the Future of Bayside Melbourne

&lt;iframe width="560" height="315" src="https://www.youtube.com/embed/svkvrP6IGyA?si=Hnll05VBnPeBLC9q" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen&gt;&lt;/iframe&gt;

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Highett: The Oasis of Bayside Melbourne

Highett boasts beautiful beaches, top-notch schools, golf clubs, and a thriving community. With a mere half-hour train ride to the city, Highett offers the perfect blend of tranquility and urban convenience.

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A Pledge to Environmental Sustainability

What sets Highett Common apart is not just its luxury but also its unwavering commitment to environmental sustainability. It's slated to be one of Victoria's rare medium-density Net Zero projects. This goes beyond cost savings; it's about caring for our planet.

The development features solar panels that generate electricity, reducing owners' corporation fees while promoting clean and sustainable energy.

Embracing Electric and Eco-Friendly Living

This project is fully electric, bidding farewell to gas. While some may still appreciate a gas cooktop, the advantages of electric induction are undeniable. It's all part of the effort to create a more sustainable and eco-friendly living environment.

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Cultivating a Thriving Community

Highett Common is more than just apartments and amenities; it's about fostering a sense of belonging and community.

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Residents will have access to an app that connects them to community programs, events, and services. The goal is to create a vibrant and interconnected community within the development.

A Grand-Scale Endeavor

With an expansive 10-hectare site, the development is thoughtfully divided into smaller stages to ensure a harmonious balance. The first stage comprises 165 apartments spread across two six-story buildings, offering a spacious and open layout that's a far cry from the high-density developments commonly seen today.

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An Abundance of Amenities and Greenery

Apart from the spacious apartments, Highett Common offers a wealth of amenities, including a Wellness Centre, an outdoor swimming pool, gyms, dining rooms, and indoor swimming pools.

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This scale of amenities is a rarity in Bayside, making Highett Common an exceptional choice for those seeking a high-quality lifestyle.

A Promising Journey Ahead

With construction already underway across the precinct, Highett Common is poised to make a transformative impact on Highett. The development has the potential to drive capital growth in the area, elevating the suburb's status even further.

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Experience the Future at Highett Common

The Highett Common display suite offers an immersive experience of what this development has in store.

Highett Common isn't just another development, it's a forward-looking project that values both luxury living and environmental sustainability. It's a testament to the fact that developers today must meet the needs of consumers by creating communities that also care for our planet.

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Scott Jessop, Head of Sales and Marketing at Sunkin Property Group, unveils the remarkable "Highett Common" project. Nestled in the heart of Highett, Bayside Melbourne, this development promises to redefine luxury living while prioritising environmental sustainability and community building.

Everything a buyer needs to know about the sustainable Highett Common development by Sunkin Property

Sunkin, the renowned Melbourne-based property developer, has established a reputation for integrating communities seamlessly into the urban landscape.

They're now launching their much anticipated project Highett Common, which aims to bring refined living and natural elements to the&nbsp;9.63-hectare former CSIRO site in the heart of the suburb.

Set to deliver the best of Bayside living, Highett Common will benefit from being near to a plethora of amenity, including Highett Train Station, which is just 100 metres away, as well as being under five kilometres from Sandringham Beach, just over a kilometre from Southland Shopping Centre and right next to a Woolworths.&nbsp;

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Each neighbourhood in Highett Common will have its own character and residential landscape, created through streetscapes, green amenity, and distinct built forms by a collaborative team comprising ClarkeHopkinsClarke Architects and Tract Landscape Architects.

Pockets of residential neighbourhoods are nestled between the three-hectare Conservation Reserve at Southern Common and the one-hectare park and playground at Northern Common.

Tree lined boulevards provide access for cars while The Mews connects pedestrians and cyclists to their homes and the parks, gardens and community amenity of Highett Common.

The first building to hit the market is Park House, the coveted first residential release, is tucked amongst the greenery that defines the sustainably-minded precinct, designed to reintroduce nature to modern life.&nbsp;

Park House opens to the local playground and The Mews,&nbsp;settling within pockets of carefully composed spaces that facilitate play, ride, relax, and explore.

[smartcode_project:default project_id=143259 project_image_fid=243948]

Park House features one, two and three-bedroom residences that are versatile and designed to connect with the surrounding environment which features expanses of pillowy lawns, pathways shaded by canopy trees and social places to sit and enjoy the outdoors.&nbsp;

Priced at $10,000 per sqm, Park House also presents significant value for money when compared to surrounding suburbs such as Sandringham, Hampton and Brighton.&nbsp;

The $500 million masterplanned development, which will home over 1000 residences when completed, featuring diverse, architecturally designed homes that offer scenic views of the surrounding conservation reserve and parkland.

The site is bordered by expansive parkland and connected by wide, tree-lined corridors and boulevards, creating a rare synergy of natural landscapes and built environments.

A series of carefully curated resident amenities bring resort living to the every day at Highett Common. Conceived as an engaging social landscape for lounging, entertaining, and wellbeing, the development boasts state-of-the-art gymnasiums, residents' swimming pools, and impressive finishes and design that deliver on spaces to host a gathering and elevate entertaining alfresco with friends and family.

[smartcode_project:default project_id=108019 project_image_fid=212515]

Sunkin is also participating in Homes for Homes at Highett Common, an independent, not-for-profit organisation established by Australia's largest and most successful social enterprise, The Big Issue. With research forecasting a deficiency of over 1 million homes in Australia by 2036, time is of the essence to change the narrative.

Homes for Homes encourages registered property owners to donate a small, tax-deductible sum of 0.1 per cent of their property's sale price to create new social and affordable housing in required locations. Donations are pooled with other contributions in your state or territory to make affordable housing more accessible to vulnerable Australians.

[smartcode_project_cta:default project_id=108019]

alisonwarters@gmail.com

Sunkin launch Park House at sustainable masterplan, Highett Common

Sunkin Property Group are shaping up to launch their expressions of interest campaign for their environmentally-focused masterplan project, Highett Common.&nbsp;

Designed by the architects at ClarkeHopkinsClarke, the project is set to become the first medium-density Net Zero Carbon community within Victoria.&nbsp;

It will be the largest development outside of Melbourne CBD to pivot to all-electric, leading the charge and setting a new standard for property development innovation.

The $600 million-plus development has already received stage one planning approval, with the master plan set to span a massive 93, 400 sqm and be home to over 1,000 residences upon completion.&nbsp;

The project is set to benefit the wider community, with a conservation reserve alongside a public park also tipped for the development, along with a state-of-the art playground, a new public library and a community centre. &nbsp;

Sunkin will also deliver 4,000 sqm of parkland and conservation reserve to the 37 Graham Rd site and the Bayside City Council.

<img alt="Render of Sunkin's net-zero community" data-entity-type="file" data-entity-uuid="90e61100-7815-411e-bb5b-3883c2737f36" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/21216_110_HR.jpg?VersionId=gzVAqt9uypKIrCEE3DYkp3kI0IXkGHV_" />Render of the public park and playground set for Sunkin's net-zero community. Image supplied.&nbsp;

Pitched at catering to a wide demographic, stage one of Highett Common will feature an extensive range of residences, set to strengthen housing diversity in the area. Two buildings of 83 and 84 apartments and lofts are set to feature across the site, in addition to 27 townhouses, which will appeal to singles, couples, families and downsizers.&nbsp;

While sustainability is a core focus, Sunkin is also prioritising quality of life for residents, offering a suite of amenities, such as a wellness centre, featuring a lap pool, yoga room, a high-performance fitness centre and a multitude of communal spaces for residents.&nbsp;

The Highett train station is also conveniently located moments away, as is the Woolworths anchored Highett Shopping Centre, which assists in creating a walkable neighbourhood, further bolstered by a thriving local dining precinct in Highett.&nbsp;

Sunkin Property Group General Manager Development Lloyd Collins said the all-electric development demonstrates Sunkin’s commitment to meeting global ESG standards in providing eco-living spaces that connect with nature, benefiting the environment and creating a sense of community for residents.

“We’re incredibly excited by the prospect of launching Highett Common to market. It will become the first net-zero carbon community within Victoria, with the elimination of gas acting as the first milestone toward reaching our goals amongst many sustainability initiatives.

“It will also set a precedent for what is possible and expected for precincts of this scale by creating a connected, healthy community that supports quality of life and livability.”

<img alt="Render of Sunkin's net-zero community" data-entity-type="file" data-entity-uuid="80ab9784-5aee-464e-ad16-ff595220ac9a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/21216_111_HR.jpg?VersionId=angEiLQLptVPvRuTB4U_ioHyvb0k6CXy" />Render of the green open space set for Sunkin's net-zero community. Image supplied.&nbsp;

“The demand for sustainable developments is increasing exponentially, and Highett Common’s eco-initiatives are an investment that will protect the site’s future values and save residents money by reducing energy costs and providing them access to green power,” he said.

Highett Common will also be providing further sustainability initiatives, including the installation of solar on each building and townhouse to offset grid electricity usage, and further reduce the emissions associated with the site’s operation.

The project will provide 100 percent Certified Greenpower to communal areas, EV charging provisions and an EV car-share service will be readily available to encourage residents to embrace green power.

Civil works commenced in October 2022 with the Display Gallery set to open to the public in early March.

Sunkin set to launch environmentally-focused masterplan, Highett Common

It's every developer's goal to sell out its project before construction commencement.

It's something that can only be achieved through two complementing elements; a well-thought out design plan, offering something different than what's available in an area, and a reputable development team who are trusted to deliver what they set out to.

Melbourne developer Young Group recently achieved the feat, selling out their 38-apartment project Custom Highett before it began construction.

And now buyers have moved into the recently completed building&nbsp;which came with a six-year building guarantee.

The sales were dominated by owner-occupiers, with the two-bedrooms predominantly snapped up by first home buyers, and the three-bedrooms more sought-after by the downsizer and empty nester demographic.

Joshua Muyambo from MAP Architect said they designed diverse apartment types - multifunctional - with ample flexibility.

<img alt="Custom kitchen" data-entity-type="file" data-entity-uuid="ad4841e8-b617-451a-bb4b-535bc7ea93a2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-04%20at%202.19.27%20pm.png?VersionId=RRaREEoDjBKuDMyOyGlEAvUJzpcvIgY2" />

"We've gone with a neutral palette, which focuses primarily on natural stone, and warm timber accents,"&nbsp;Joshua says.

The environmentally-friendly building secured an average 7.8-star natHERS energy rating, with no combustible cladding used in the façade materials.

Purchasers at Custom said they were attracted to the layout of the apartments, which have a real focus on indoor and outdoor living. The courtyard apartments feature wraparound outdoor spaces, which can be accessed from both the open plan living area and the bedrooms, maximising the amount of natural light each apartment captures.&nbsp;

The overarching driver that every purchaser highlighted as the most attractive proposition of Custom was the location.

Resident and downsizer Steven Ryan said he and his wife had been looking for around eight months before they found Custom.

"When we saw this one, it really jumped out at us because of the location," Steven says.

"That's all we knew at the start, was where it was. There was shops, public transport, and all those things we had wanted.

"It was the first time we felt that we should get in contact with the agent. We went and liked what we saw. We were sold."

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/MztR8LsOfdg" title="YouTube video player" width="560"></iframe>

Spring Yang, who heads up Young Group, said the location of the Station Street site made the team venture into Highett for the first time when they secured it in 2019.

"Custom is tucked away on a quiet residential street, while also being just 200 metres from the best shopping retail strip in Highett," Spring said.

"The Highett Street retail strip has a number of shops and cafes, as well as strong public transport infrastructure which easily links residents at Custom to the rest of Melbourne."

<img alt="Custom location" data-entity-type="file" data-entity-uuid="5ceae1de-6d09-4c25-a8af-ebe312671128" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-04%20at%202.21.35%20pm.png?VersionId=ERhwr3ROGHNZTvmw6mYQ.Us5fM3MZsGM" />

Young Group's latest project Tomorrow is another that's focused primarily on location, something that Spring says is the deciding factor in any new development the Young Group tackle.

"Tomorrow is ideally placed to enjoy the very best of Northcote - which was reported as Victoria's most liveable suburb in the recent <a href="https://www.pwc.com.au/important-problems/future-victoria/future-victoria-2021.pdf">'Future Victoria' report by PwC</a>," Spring says.

"Recognising that we are increasingly spending more time close to home, the local amenity and walkability of Northcote awarded it with ‘Top Live’ on the ‘Staying Local Score’ in the report.

[smartcode_project:default project_id=110572 project_image_fid=190011]

"Tomorrow is located just a short stroll from the banks of Northcote’s Merri Creek – and has been designed to connect residents to all that Northcote has to offer, both in terms of nature and retail," Spring notes.

Young Group are going through the planning and approval process for their next three projects, Young Oakleigh, Victoria Brunswick, and Rose Essendon, the latter two apartment developments expected to go to market mid to late 2023.

Spring Yang, who heads up Young Group, put the success at Custom down to the location


Buyers move into recently completed Custom Highett apartments following pre-construction sell-out

Sunkin Property Group has commenced works on one of the most significant urban renewal projects in the Bayside area.

The 9.63-hectare former CSIRO site in Highett will become a $500 million plus mixed-use community with over 1,000 residences, a mix of apartments and townhouses, and a new public library.

Over 40 per cent of the site will be given back to the community, with one hectare planned for a public park and a further three hectares for a conservation area. The park will feature a children's playground and social areas.

Central to the development is its focus on connectedness and walkability, with common and public spaces between the built form providing opportunities for neighbours to connect. This is further enhanced via integrated wellness and fitness facilities including resident’s gym, pool and spa areas.

Over $10 million will be invested in infrastructure for the large-scale project including new roads, replacement of the Melbourne drain and the upgrading of local services over the next year.

Following the nod of approval in March from the Bayside City Council, Sunkin has appointed Delta Group who will begin a 12-month program starting from early October.

<img alt="Sunkin Highett" data-entity-type="file" data-entity-uuid="bec30dc3-db2c-4d2b-8726-06dca19cd671" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-10%20at%202.16.32%20pm.png?VersionId=T5vWRqorvV78oSu37vVzjBi7lSoXnhHc" /> 
The Sunkin and Delta team's turning the first sod at the site. Image supplied

Sunkin Property Group’s General Manager of Property Lloyd Collins said commencing civil works is a significant milestone for the project, with the site having remained dormant for over a decade.

“This development will be of significant community benefit due to improved infrastructure and additional amenities, including the new park and conservation area for the public to enjoy.

“It will also provide greater housing diversity while catering to the forecast population growth within Melbourne and the Bayside area more specifically,” he said.

Sunkin is targeting net zero capable outcomes through environmentally sustainable design practices at the project.

Earlier this month, Sunkin lodged a Planning Permit Application for Stage 1 of the project which includes two apartment buildings and a collection of townhouses, all located adjacent to the proposed public park and serviced by the infrastructure works.

The 9.63-hectare former CSIRO site in Highett will become a $500 million plus mixed-use community with over 1,000 residences



Sunkin begins works on $500m Highett urban renewal project

The Melbourne developer Sunkin Property Group&nbsp;has been given the green light to transform the former CRISO site in Highett into a $500+ million residential precinct that will have a focus on urban renewal, sustainability, nature, and town centre connectivity.

Sunkin seeks to provide a range of dwelling typologies to meet housing demand from singles, couples and families and improve housing diversity in the area.

With a focus on a connected community and urban renewal, the proposed development will benefit from the close proximity of Highett Train station, Highett Town Centre and have a significant positive impact; supporting the local economy, generating new jobs in the area.

Some four hectares of parkland will surround the 9.34 hectare site which will include&nbsp;a new public park and conservation reserve. A new public library is also proposed to be provided by Sunkin on site for the benefit of the community, as well as a Maternal and Child Health Centre, and the undergrounding of overhead HV power lines along Graham Road.

<a href="/new-apartments/highett-common-37-graham-road-highett-vic-3190">To receive the next update and sales launch of Park Village, enquire here</a>

Central to the development is its focus on connectedness and walkability, with common and public spaces between the built form providing opportunities for neighbours to connect. This is further enhanced via integrated wellness and fitness facilities, including a resident&rsquo;s gym and pool, as well as cafes to activate the park setting.

Sunkin Property Group General Manager Development Lloyd Collins said he&rsquo;s thrilled to have received development approval from Bayside City Council.

&ldquo;Throughout the development application process we really listened to the community and as a result, we received a number of suggestions and great ideas that were included in our proposed amendments to the development plan approval,&quot; Collins said.

&ldquo;We are incredibly excited to deliver a project such as this for the wider community, which not only provides new public amenities and open space, but will have a significant positive impact on the local economy in terms of job opportunities and supporting local businesses.

<a href="/new-apartments/highett-common-37-graham-road-highett-vic-3190">To receive the next update and sales launch of Park Village, enquire here</a>

&ldquo;We are delighted that council has approved this development plan and we look forward to continuing to work in partnership with council and the wider community to deliver this much needed development. We are seeing pent-up demand within the Bayside area and believe our park setting and connection to the station and vibrant town centre retail will be highly attractive to local buyers.&rdquo;

Within walking distance to Highett train station, the ClarkeHopkinsClarke designed development is set to bolster the Victorian economy, generating 280 jobs per annum during construction, and once complete, will support Highett local traders with $50 million per annum expenditure by 2032.*

Sunkin seeks to provide a range of dwelling typologies to meet housing demand from singles, couples and families and improve housing diversity in the area

Sunkin secure approval for $500 million Highett residential precinct

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For a limited time, Melbourne developer Hallmarc are offering a $10,000 furniture voucher to new buyers in their recently completed Highett apartment development Vista Apartments in Melbourne’s south.

The offer is in its final weeks, only lasting until February 28, and allows new buyers in the 154-apartment bayside project to furnish their new homes.

[smartcode_project:default project_id=3303]

Hallmarc’s Chief Executive Officer, Michael Loccisano, says at Vista they have focused the design specifically to the owner occupier market, which he says has been very well received.

"Apartment living requires more thought as to how it's configured and we’ve incorporated just that - larger layouts, dedicated home office areas and open plan living, creating bright and welcoming spaces," Loccisano says.

<a href="/buildings/vista-apartments-9-remington-drive-highett"><img alt="" height="788" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/vista_highett_2.jpg" width="1200"></a>

He also says that beyond Vista is the suburb of Highett, where everything is on Vista's doorsteps.

"It is a bustling area with a strong sense of community and so much to offer."

The development has never to be built out views of Sir William Fry Reserve and is a short walk to Southland Shopping Centre and Sandringham Beach.

<a href="/buildings/vista-apartments-9-remington-drive-highett"><img alt="" height="718" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/sir_william_fry_reserve.jpg" width="1200"></a>

Nearly all of Vista'a remaining apartments also qualify for the 50 per cent stamp duty concessions. Prices for two bed apartments start from $699,500 to $1,120,000 and range from 89 sqm to 118 sqm.

As well as direct access to impressive parkland and walking paths, residents can also take advantage of resort-style swimming pool and fully-equipped gymnasium.

<h2>What the buyers say:</h2>

<h2> </h2>

<blockquote>
"My friends that have come to visit are so impressed with my apartment and the quality, they can’t get over how gorgeous it is and how comfortable it feels. The ample storage and excellent planning that has gone into the layout and floor plan has been excellent, and I’m very fussy!"

Owner Occupier: Jan
</blockquote>

 

<blockquote>
“Suits [our] lifestyle perfectly – [we] have everything on [our] doorstep, no need to leave the area which has been a blessing.”

“Design elements of the apartment are superb – particularly open plan living and separate laundry. Private gym and pool was a major tick”

Owner Occupiers: Brad and Crystal
</blockquote>
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The offer only lasts until February 28 and allows new buyers in the 154-apartment bayside project to work to spend a $10,000 voucher furnishing their homes.

Developer Hallmarc offer $10,000 furniture vouchers for buyers in Melbourne apartment development Vista Apartments

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An aged care developer has snapped up a 11,981 square metre landholding in the Melbourne bayside suburb of Highett for $28.5 million.  
The permit-approved site at 32-40 Graham Street has plans for a retirement village for 90 residential apartments, a 122 bed aged care facility and 15 assisted living units together with communal facilities. 
It was sold by Savills agents Julian Heatherich, Benson Zhou and Jesse Radisich. 
Heatherich said the site sold for around $20,000,000 and, with the added value of the permit, has benefited on the revenue opportunities associated with the $20 billion-a-year residential aged care industry.
<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/2019/9/2/Highett%20Development%20medium%20.jpg" alt="">
“The Bayside area is one of Melbourne’s most highly sought inner suburban locations due to its abundance of lifestyle amenity, thriving café and culinary culture and public transportation links,” said Heatherich. 
“The site is only 16 kilometres from the Melbourne CBD.
“The sale also indicates a continuing upward trend we’re seeing in aged care developments, particularly in Inner Melbourne and the Mornington Peninsula.” 
The sale to Ryman follows another recent off-market acquisition to Ryman in Ringwood, also transacted by Savills.
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