Repeat buyers are one of the strongest measures of confidence in any apartment development.

At <a href="https://www.apartments.com.au/new-apartments/era-newcastle-west-124-126-bull-street-newcastle-west-nsw-2302">ERA</a> in Newcastle West, some purchasers are returning to <a href="https://www.apartments.com.au/developers/gwh">GWH</a> after living at the developer's One Apartments. Their decision to purchase again was driven by the quality of life they found after moving into their first GWH home.

Keith Wilton had spent years living in a house in East Maitland before deciding it was time for a change. Apartment living had always been on his radar, but he was selective about what he wanted.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/FH_1EzB-1vs?si=XScVlP1ERsTDJoME" title="YouTube video player" width="560"></iframe>

"I had some boxes I wanted to tick," he says.

Keith points to the open-plan design, generous outdoor areas and considered inclusions as key reasons One Apartments worked for him.

“One of those things was a nice indoor open plan area, but also I wanted a nice outdoor open area that I could entertain on in summer or Christmases or birthdays,” he says.

He also found value in the smaller details, from integrated appliances to shared resident spaces including the pool, cinema and rooftop areas.

[smartcode_project:default project_id=135096 project_image_fid=356818]

After comparing several developments, he chose One Apartments because of GWH's longstanding local reputation and his own experience working with the developer on a commercial project more than a decade earlier.

"I knew that they were local, that the quality of the build was going to be up there. I'd looked at other apartment complexes around and close by, and I just knew that here was a better decision location wise."

Today, Keith says the move has completely changed how he experiences Newcastle.

"I enjoy living in this location because it's more of a lifestyle change. That Newcastle city living where you can walk to restaurants and bars and even beaches and parks and even shopping across the road."

[smartcode_project:default project_id=135096 project_image_fid=356828]

Beyond the location, he says it's the sense of community that has surprised him most.

"Everyone loves living here because they chose to live here, but everyone looks out for each other. It's a real great community feel here."

For Aimee and Lyle Goodman, the journey started almost by chance.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/tsioMLcnjas?si=zq-ys3JuWpfa5hFv" title="YouTube video player" width="560"></iframe>

The couple happened to be having coffee in Newcastle when they noticed the site where One Apartments was about to begin construction.

"We were aware GWH was planning a development," Aimee says. "We made one phone call and things moved pretty quickly after that."

As busy business owners, they initially thought apartment living would simply reduce the maintenance that came with larger homes. Instead, it fundamentally changed how they spent time together.

"We actually catch up more as a family now," Aimee says.

"We've had homes with big yards and lots of space, but everyone ended up in different rooms. Here we'll have dinner together, the kids can play, and we spend far more quality time together."

[smartcode_project:default project_id=135096 project_image_fid=356829]

Lyle says their confidence came from GWH's reputation within Newcastle's building industry.

"I know people who've worked across different apartment projects, and whenever GWH came up the feedback was always the same. They're rock solid. They're quality."

That confidence only grew throughout the buying process.

"One of the things that really impressed us with GWH was the whole process, was the communication," Lyle says. "It was consistent, it was regular, there was no problem if we had some weird questions, there was no problems in getting answers."

[smartcode_project:default project_id=135096 project_image_fid=351104]

Aimee says one moment stood out.

"The project actually finished on time. We realised we needed to hurry up and sell our house because everything was happening exactly when they said it would."

The positive experience at One Apartments ultimately gave all three buyers the confidence to purchase again with GWH, this time at ERA.

Their confidence reflects what many buyers are seeking in today's apartment market. Location remains important, but so too does certainty around delivery, quality and long-term liveability.

[smartcode_project:default project_id=135096 project_image_fid=356822]

ERA builds on those foundations with 280 one, two and three-bedroom apartments across two landmark towers in <a href="https://www.apartments.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/fk-australia">Fender Katsalidis</a>, the project will include more than 2,000 square metres of resident amenities, including a resort-style pool, gym, sauna, private cinema and rooftop entertaining spaces overlooking the harbour and coastline.&nbsp;

The development is also within walking distance of the Newcastle Interchange, Honeysuckle, Darby Street, the harbour foreshore, restaurants, retail and the city’s beaches, continuing the walkable lifestyle that existing GWH buyers say has transformed how they live.

[smartcode_project:default project_id=135096 project_image_fid=356826]

For Keith, the appeal remains straightforward.

"You feel at home even before you've moved into your home."

For Aimee, the change is measured in time.

“I just felt like I had more time,” she says.

[smartcode_project:default project_id=135096 project_image_fid=351102]

Construction at ERA is now underway, with more than half of the residences already sold and limited two and three-bedroom apartments remaining in the East Tower release. Priced from $980,000 for two-bedroom residences and $1.46 million for three-bedroom residences, buyers can secure an apartment with a 10 per cent deposit, with premium homes offering ocean views from Level 8 and harbour views from Level 10.

ERA is also backed by Resilience Insurance's 10-year Latent Defects Insurance policy, providing protection against structural or waterproofing defects for 10 years after completion. The project is anticipated to be completed in early 2028.

[smartcode_project_cta:default project_id=135096]

Joel Robinson

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

Virgate Property Group is preparing to commence construction of Verdé, its new apartment development in Melbourne's Arts Precinct at Southbank, following a strong run of sales that has seen more than half of the project's 173 apartments secured.

Verdé has attracted a broad mix of first home buyers, owner-occupiers upgrading from nearby inner-city suburbs and investors, with younger owner-occupier couples aged between 28 and 45 accounting for the strongest enquiry. Many are already living in Southbank, South Melbourne, Albert Park, Port Melbourne, South Yarra and the CBD.

"Verdé is located in one of the most desirable pockets of southern Melbourne," Blair Property Group Director Darren Blair, who is managing sales at Verdé, said.

"It's within walking distance of the Arts Centre, Royal Botanic Gardens, Albert Park Lake, and Southbank's restaurants and retail. It's a great lifestyle location with strong amenity and liveability, which made it a very attractive choice for the project."

[smartcode_project:default project_id=4661 project_image_fid=372549]

Virgate was already familiar with the precinct, having previously delivered the successful Domain House development in neighbouring South Melbourne. That experience gave the developer confidence to acquire the Coventry Street site and continue expanding its presence in Melbourne's inner south.

"We had been keeping an eye on the site and the broader precinct for a few months before deciding to move forward with the acquisition," Virgate said.

The project was ultimately secured in 2020 following feasibility studies, planning assessments and due diligence, with the brief centred on delivering "a high-quality, considered design that feels both refined and fit for purpose."

[smartcode_project:default project_id=4661 project_image_fid=314259]

Designed by <a href="https://www.apartments.com.au/architects/bruce-henderson-architects">Bruce Henderson Architects</a>, Verdé comprises 173 one, two and three-bedroom apartments priced from $599,000. The architecture is distinguished by a faceted glass façade that responds to both the site's outlook and Melbourne's changing light conditions.

According to Bruce Henderson Architects, the coloured glazing gives the building a distinctive identity while also providing privacy and solar shading, with residences oriented to capture views across the bay, city skyline and surrounding parklands.

Inside, <a href="https://www.apartments.com.au/interior-designers/designoffice">DesignOffice</a> has created interiors focused on natural light, efficient planning and enduring materials. Apartments feature engineered oak flooring, natural stone benchtops, floor-to-ceiling glazing and SMEG appliances, while a restrained material palette aims to complement the expansive outlooks rather than compete with them.

[smartcode_project:default project_id=4661 project_image_fid=372550]

Resident amenity has also been designed around everyday functionality rather than occasional use. Facilities include a concierge-serviced lobby, residents' lounge with fireplace, library and co-working space, gym, terrace garden with barbecue facilities, ground-floor café, and package delivery management.

The project's location continues to be one of its strongest drawcards. Positioned on Coventry Street, Verdé sits within walking distance of the National Gallery of Victoria, Arts Centre Melbourne, Royal Botanic Gardens and Albert Park Lake, while Southbank's dining precinct, Sturt Street trams and the new ANZAC Station are all nearby. The surrounding education catchment also includes Melbourne Grammar, Melbourne Girls Grammar, Mac.Robertson Girls' High School and several major university campuses.

The sales team says buyers have responded particularly well to the combination of location, design quality and long-term liveability.

"They're responding really positively to the quality of the design, premium resident amenities and the uninterrupted views. Many also appreciate the location and how connected it is to everything they need."

The ability to secure stamp duty savings before completion has also been a key factor for purchasers, alongside the opportunity to personalise finishes ahead of settlement.

With construction set to commence soon and more than half the apartments already sold, Verdé enters its next phase as one of the Arts Precinct's more established apartment developments, offering remaining buyers an opportunity to secure a residence before construction advances further. Expected completion is scheduled for late 2027.

[smartcode_project_cta:default project_id=4661]

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

Downsizer-focused apartment development Kooyongkoot in Hawthorn has been recognised at the 2026 Better Future Melbourne Design Awards, taking home Gold and Silver awards in two categories.

<a href="https://www.apartments.com.au/new-apartments/kooyongkoot-hawthorn-1-kooyongkoot-road-hawthorn-vic-3122">Kooyongkoot</a>, currently being delivered by developer PQD and designed by Cera Stribley, received Gold in the Interior Design – Proposed category and Silver in the Architecture – Proposed category.

The dual recognition reflects the design approach behind the boutique development on prestigious Kooyongkoot Road, where the focus has been on creating homes for downsizers seeking the space, quality and functionality of a detached house within a low-rise apartment building.

Rather than maximising apartment numbers, <a href="https://www.apartments.com.au/developers/pqd">PQD</a> and <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a> limited the development to just 18 residences, allowing for larger floorplans, greater privacy, generous landscaping and expansive communal spaces.&nbsp;The majority of the apartments also benefit from corner aspects, allowing for dual sources of natural light.

Now around 70 per cent complete and on track for completion in November 2026, Kooyongkoot will comprise a mix of garden residences, ter​race apartments, sub-penthouses, and is crowned by two half-floor penthouses with direct lift access and private rooftop terraces.

[smartcode_project:default project_id=102717 project_image_fid=355297]

The Silver Award for Architecture recognised the way the building responds to its prominent corner position at the ent​rance to Hawthorn's Scotch Hill precinct, one of Melbourne's most established residential neighbourhoods.

Rather than competing with the grand homes that line Kooyongkoot Road, the architectural approach focused on restraint and longevity, using curved brickwork, generous landscaping and carefully considered proportions to integrate with the existing streetscape.

"The form feels fluid and timeless, as though shaped by the landscape itself – architecture that belongs, rather than competes," said Chris Stribley, Co-Founder and Managing Principal of Cera Stribley.

The judging submission also highlighted practical innovations throughout the building, including lift cores servicing only nine homes each, a central landscaped lightcourt designed to bring daylight and ventilation into the building, and fully enclosed private storage rooms with lighting, power and shelving to better accommodate residents transitioning from larger family homes.

[smartcode_project:default project_id=102717 project_image_fid=355293]

The Gold Award for Interior Design recognised the project's focus on long-term liveability rather than display-home aesthetics.

According to the awards submission, the interiors were designed from the inside out, prioritising how homes would function over decades of daily use through generous proportions, practical storage, durable natural materials and flexible layouts.

The specification includes natural stone throughout, upgraded acoustic glazing, V-ZUG appliances and fully enclosed storage rooms, alongside an amenity offering focused on wellness, entertainment and everyday convenience.&nbsp;

Residents will have access to a gym and yoga studio, a wellness centre featuring traditional and infrared saunas, a cold therapy shower and treatment room, as well as a residents' lounge and golf simulator/cinema room for entertainment.&nbsp;Kooyongkoot has also considered the everyday convenience of its residents by offering a private carwash and pet wash facilities on site as well as dedicated parcel lockers and oversized fully enclosed storage rooms.&nbsp;

[smartcode_project:default project_id=102717 project_image_fid=355303]

The project's attention to detail has already resonated with buyers. Earlier this year, Kooyongkoot recorded one of Boroondara's highest apartment sales when an $8 million penthouse was purchased by a Melbourne CEO downsizing from a nearby family home.

"Every detail feels deliberate, from the overall design down to the smallest touches," the purchaser said.

"The level of quality and refinement is exceptional, but what really sold it was how liveable it felt... It felt like a place where everything had been considered, not just a luxury building."

[smartcode_project:default project_id=102717 project_image_fid=355304]

Sustainability also formed a key part of both award submissions. Kooyongkoot is targeting a minimum 7.5-star NatHERS rating across all residences, supported by passive design principles, high-performance glazing, EV charging infrastructure, water reuse systems and a wellness model focused on lower-energy dry facilities rather than pools and large wet areas.

Located within walking distance of Scotch College, Methodist Ladies' College, Koo​yong Lawn Tennis Club, Aubur​n Village and Camberwell Junction, Kooyongkoot continues to target owner-occupiers looking to remain in Melbourne's inner east without compromising on space or quality. A limited selection of two, three and four-bedroom residences remains available, with prices starting from $1.9 million.

[smartcode_project_cta:default project_id=102717]

Kooyongkoot wins Gold and Silver at Better Future Melbourne Design Awards

New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

The apartment price gap drawing Sydney buyers west

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

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

Kensington

<html><body>
The Melbourne suburb of Kensington is among the nation's top 10 fastest selling suburbs, according to Investar’s latest report.
The property data firm says that houses in Kensington spend 39 days on the market before sale.
<table style="width: 473px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="98">
Suburb
</td>
<td valign="top" width="47">
State
</td>
<td valign="top" width="64">
Postcode
</td>
<td valign="top" width="65">
Dwelling
</td>
<td valign="top" width="72">
Bedrooms
</td>
<td valign="top" width="52">
Days on market
</td>
<td valign="top" width="77">
Current median price
</td>
</tr>
<tr>
<td valign="top" width="98">
Croydon Park
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2133
</td>
<td valign="top" width="65">
Unit
</td>
<td valign="top" width="72">
Studio and 1
</td>
<td valign="top" width="52">
38
</td>
<td valign="top" width="77">
$412,500
</td>
</tr>
<tr>
<td valign="top" width="98">
Kensington
</td>
<td valign="top" width="47">
VIC
</td>
<td valign="top" width="64">
3031
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
2
</td>
<td valign="top" width="52">
39
</td>
<td valign="top" width="77">
$775,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Bowden
</td>
<td valign="top" width="47">
SA
</td>
<td valign="top" width="64">
5007
</td>
<td valign="top" width="65">
Unit
</td>
<td valign="top" width="72">
Studio and 1
</td>
<td valign="top" width="52">
40
</td>
<td valign="top" width="77">
$340,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Annandale
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2038
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
4
</td>
<td valign="top" width="52">
41
</td>
<td valign="top" width="77">
$2,500,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Woolloomooloo
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2011
</td>
<td valign="top" width="65">
Unit
</td>
<td valign="top" width="72">
Studio and 1
</td>
<td valign="top" width="52">
41
</td>
<td valign="top" width="77">
$800,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Beecroft
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2119
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
3
</td>
<td valign="top" width="52">
42
</td>
<td valign="top" width="77">
$1,350,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Fairlight
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2094
</td>
<td valign="top" width="65">
Unit
</td>
<td valign="top" width="72">
2
</td>
<td valign="top" width="52">
42
</td>
<td valign="top" width="77">
$900,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Narraweena
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2099
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
3
</td>
<td valign="top" width="52">
43
</td>
<td valign="top" width="77">
$1,250,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Caulfield South
</td>
<td valign="top" width="47">
VIC
</td>
<td valign="top" width="64">
2162
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
3
</td>
<td valign="top" width="52">
44
</td>
<td valign="top" width="77">
$1,100,000
</td>
</tr>
<tr>
<td valign="top" width="98">
Allambie Heights
</td>
<td valign="top" width="47">
NSW
</td>
<td valign="top" width="64">
2100
</td>
<td valign="top" width="65">
House
</td>
<td valign="top" width="72">
3
</td>
<td valign="top" width="52">
45
</td>
<td valign="top" width="77">
$900,000
</td>
</tr>
</tbody></table>
A two bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-kensington-125297710" target="_blank">16 Altona Street</a> (above) spent 26 days on the market before being sold recently for $1.11 million.
Another example is a two bedroom house at <a href="https://www.realestate.com.au/sold/property-house-vic-kensington-125057130" target="_blank">33 Chelmsford Street</a> (below) that spent 37 days on the market before being sold for $903,000.
<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/2017/06/14/33%20Chelmsford%20Street.jpg" alt="">
The median price of houses in Kensington is $960,000, which is an increase of $55,000 from last year’s median price of $905,000.
Kensington is a popular suburb with 894 more website listing visits than most other suburbs in Victoria.
Independent residents make up the majority of residents in Kensington.
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j.ballantyne1990-6AQqhLzZaK

Kensington among the fastest selling Melbourne suburbs

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The media tech company executive Marcelo Ulvert secured $3.65 million for his Kensington home amid plans to rent instead.
Ulvert, the commercial director at media technology company WINR, bought <a href="https://www.realestate.com.au/sold/property-house-nsw-kensington-134814098" target="_blank">the Federation bungalow</a> for $1.54 million in 2007.
Its stables were converted into self-contained apartment with home office and guest suite, separated from the main residence by the garden and pool.
Ballard Proeprty had a $3.5 million guide.
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firstname1-iYD4UYzvBa

WINR commercial director Marcelo Ulvert sells Kensington home

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Tom Shelton’s Bridport Property, a child-centre located in the Melbourne suburb of Kensington, has sold for $8,250,000 at auction.
The former office building-turned-childcare centre has a land area of 824 square metres and a building area of 1,451 square metres. 
It has a passing income of $450,800 and is zoned Mixed Use – allowing for development of up to eight-storeys.
The landmark site at 64-66 Stubbs Street is well-known for its red brick finish, the only one in the area, and benefits from dual street frontages. 
The centre’s building is classified by the state government as historically significant for demonstrating the historical and social development of the area (Kensington), making it of important aesthetic or scientific contribution. 
Located in the state government’s Arden Urban Renewal Precinct, an area slated to become a global knowledge hub and central city destination, Kensington has significant growth potential – the area is expected to act as a base for 34,000 jobs by 2051. 
The precinct has been rezoned to cater for population growth and will create a sustainable living and working environment, featuring cycle paths, green spaces and a newly constructed train station, Arden Central.  
 
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Tom Shelton’s Kensington childcare centre sold at auction

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The City of Melbourne recently put a call out to the community of Kensington to gather ideas and suggestions for the revitalisation of the local recreation centre. The first design iteration has been released, taking on board the requests from the community for more flexible spaces, additional multi-purpose sports courts and a refurbished pool area.

<blockquote>
“These concepts showcase the community’s ideas and vision for a state-of-the-art centre that remains affordable, accessible and relevant to our community.”
</blockquote>

Councillor Beverley Pinder, Chair of the People City portfolio

The centre has been a part of the community since 1976, so the new improvements will aim to bring the loved centre into the modern day with sustainable features, better accessibility and more thoughtful integration with JJ Holland Park.

In keeping with the city’s sustainability goals, the project has had a number of eco-conscious additions included in the plan. These include solar panels, a vertical garden along the Altona Street frontage, more efficient heating and cooling systems, external shading to conserve energy, double glazed joinery, upgraded insulation (beyond minimum requirements) and greater water conservation systems.

<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/screen_shot_2019-09-09_at_10.36.00_am.png" rel="gallery-all" title="Concept design featuring rooftop solar panels. Credit: City of Melbourne"><img alt="" class="image-article-full-width-580px" height="275" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-09-09_at_10.36.00_am.png?itok=1pj-aJ2o" title="Concept design featuring rooftop solar panels. Credit: City of Melbourne" width="580"></a>

<figcaption>Concept design featuring rooftop solar panels. Credit: City of Melbourne</figcaption></figure><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/screen_shot_2019-09-09_at_10.36.27_am.png" rel="gallery-all" title="Vertical green wall along the eastern facade. Credit: City of Melbourne"><img alt="" class="image-article-full-width-580px" height="271" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-09-09_at_10.36.27_am.png?itok=Haj7CRJe" title="Vertical green wall along the eastern facade. Credit: City of Melbourne" width="580"></a>

<figcaption>Vertical green wall along the eastern facade. Credit: City of Melbourne</figcaption></figure>Kensington Community Recreation Centre will also undergo a series of facility upgrades including a new 25-metre pool, disability ramp access into the pool, an additional swimming lane, a state-of-the-art filtration/water treatment system, a water play area for children and refurbished changing areas. Other on-site facilities will include three full-sized sports courts, additional changing areas, 4 and 8-metre running areas, more flexible spaces for use by community groups and classes, and additional bicycle parking.

<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/screen_shot_2019-09-09_at_10.49.37_am.png" rel="gallery-all" title="Interior design of the recreation centre featuring multi-purpose sports courts. Credit: City of Melbourne"><img alt="" class="image-article-full-width-580px" height="311" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-09-09_at_10.49.37_am.png?itok=716yT1Uf" title="Interior design of the recreation centre featuring multi-purpose sports courts. Credit: City of Melbourne" width="580"></a>

<figcaption>Interior design of the recreation centre featuring multi-purpose sports courts. Credit: City of Melbourne</figcaption></figure>Each of the 400+ requests made by the public has been taken into consideration when completing phase one of the centre’s redesign. Councillor Beverley Pinder believes it’s important for the community to be involved in the decision-making process and encourages people to share their opinions.

<blockquote>
“This is an important centre for many people in our community, and I want to thank everyone who has shared their ideas. We’ve listened to your input and included many of your ideas in these concepts… I strongly encourage everyone who uses the centre and neighbouring residents to view the concepts and tell us what you think.”
</blockquote>

The centre will be funded via a $1.2 million allocation from the Annual Plan and budget 2019-20. Construction is expected to take anywhere up to 18 months and is anticipated to begin early 2021.

Lead image: Concept sketch of the Kensington Community Recreation Centre. Credit: City of Melbourne.
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Olivia Round

City of Melbourne releases latest concept designs for the Kensington Community Recreation Centre

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An historic 1860s Kensington trophy home has been listed.
Flagmount at <a href="https://www.realestate.com.au/property/50-52-bellair-st-kensington-vic-3031" target="_blank">50-52 Bellair Street </a>was originally transported to Australia as a kit, carried over by a ship captain who used it as ballast on the trip.
The freestanding home is made from Scottish Pine and was renovated in the 1920s to become a four bedroom residence.
Following further more recent renovation, the home has walk in robes, private balcony, two ensuites, lounge, and a 1000-bottle wine storage room.
It also has a backyard, pool and carport.
<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/2019/6/29/kens%202.jpg" alt="">
“To say it has been a joy to be the Trustees of 50-52 Bellair Street is an understatement and we are sure that this friendly community will welcome the new owners,” the current owners said to Williams Media.
“We have made many lifelong friends along the street and many wonderful memories from our 34 and half years in our home that we will cherish.”
The home is walking distance to Kensington Village.
The home is being marketed by Liz Brettell and Jayson Watts of Nelson Alexander Flemington.
<div class="media-youtube-video media-image media-youtube-1"><iframe title="50-52 Bellair Street, Kensington For Sale by Jayson Watts of Nelson Alexander" name="50-52 Bellair Street, Kensington For Sale by Jayson Watts of Nelson Alexander" src="https://www.youtube.com/embed/mgIBwa8YQxw?wmode=opaque&amp;controls=&amp;rel=0" frameborder="0" width="640" height="390"></iframe></div>
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1860s Kensington kit home Flagmount listed

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The former Kensingston home of the popular chef and owner of Melbourne’s iconic Vue De Monde restaurant Shannon Bennett and his wife, Madeleine West, has been re-sold.
It's a chef’s dream within the Nicholas Murray-designed residence.
The 5 Bruce Street, Kensington property was for private sale with an asking price of $2,325,000.
A young professional couple from Port Melbourne snapped up the five-bedroom Victorian for $2,265,000 earlier this month, the Herald Sun reported.
Decked out in the best appliances on offer, the home also includes is a barbecue kitchen with a pizza oven.
The property boasts Jack Merlo-designed gardens, a Japanese pond and a self-cleaning lap pool.
The Kensington<a href="/news"> </a>property last listed with price hopes of $1.5 million to $1.65 million fetched $1.65 million in early 2013.
Located on Bruce Street, Kensington, the four-bedroom home has a Joost Bakker herb wall plus a vegetable garden on the roof of the double garage.
It had been sold to Bennett for $820,000 in 2004.
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Former Kensington home of chef Shannon Bennett resold

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Decibel Architecture has hit the right planning note as its revised set of plans for a sizeable apartment development sails toward approval this evening.

Fronting Smithfield Road and opposite Flemington Racecourse, Kensington's 2-22 Gatehouse Drive has been recommended for approval leading into tonight's Future Melbourne meeting. Kensington Gatehouse Development Pty Ltd is the entity backing the proposal.

Mid way through its planning campaign, the proposal was subject to a complete redesign in the face of Council feedback and public discourse by way of 60 objections. New discussion (revised) plans were submitted and consequently are the plans subject to approval.

Accounting for a number of exiting retail tenancies and an open air car park, 2-22 Gatehouse Drive's renewed design spans a L-shaped 1,800 square metre site opposite the racecourse stables.

<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/image75_3.jpg" rel="gallery-all" title="Aerial view toward Gatehouse Drive"><img alt="" class="image-article-full-width-580px" height="331" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image75_3.jpg?itok=a6L-IyH9" title="Aerial view toward Gatehouse Drive" width="580"></a>

<figcaption>Aerial view toward Gatehouse Drive</figcaption></figure>The proposal's overall development yield has dropped with the redesign, from 82 apartments to 69. Those 69 apartments are expected to consist of 11 single, 40 double and 18 triple bedroom options.

Key to the redesign was the relocation of above ground veiled parking to three basement levels. Consequently, an almost uniform external expression which was noted as being "alien in this context" by Council planners was replaced with a varied facade in both composition and colour.

The recommended approval is subject to further design refinements which would appease all concerns held by Council planners.

2-22 Gatehouse Drive is one of only a limited number of apartment developments currently active in Kensington. It along with five additional projects stand to add a relatively meagre 330 higher density dwellings to the suburb.

<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/image78_3.jpg" rel="gallery-all" title="2-22 Gatehouse Drive as originally submitted"><img alt="" class="image-article-full-width-580px" height="369" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image78_3.jpg?itok=SPJ2tpMm" title="2-22 Gatehouse Drive as originally submitted" width="580"></a>

<figcaption>2-22 Gatehouse Drive as originally submitted</figcaption></figure>The pending success of Gatehouse Drive is in addition to another Decibel Architecture-designed residential project which is at sales. CV Windsor has begun its sales campaign in earnest with an eye toward delivering a uniquely expressive building.

Its approximately 70 SOHO-inspired apartments are veiled by an articulated facade to Punt Road.

On the project's interiors, Decibel Architecture describes the project as "conceived to deliver a unique typology of living to the local area. The concept is developed around the idea of a “townhouse in the sky”. There are common entrance corridors or “streets” at every third level which create an entry to an interlocking network of dual fronted apartments."

Also on the architect's design agenda is the much-hyped Magic tower on the CBD's northern fringe. The development has been the topic of a <a href="/news/magic-melbourne-a-skyscraper-concept-with-a-philanthropic-purpose">podcast with the architect</a> on Apartments.com.au, with a potential lodgement for approval in the pipeline.

<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/image76_5.jpg" rel="gallery-all" title="Magic is another in Decibel Architecture's stable"><img alt="" class="image-article-full-width-580px" height="381" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image76_5.jpg?itok=DZfT_vBQ" title="Magic is another in Decibel Architecture's stable" width="580"></a>

<figcaption>Magic is another in Decibel Architecture's stable</figcaption></figure>
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silvermb

Decibel hits the mark in Kensington

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In response to escalating property prices and a lack of quality housing options, <a href="/architects/make-architecture">Make Ventures (MAKE)</a> and <a href="/developers/assemble">Assemble</a> have partnered to launch the Assemble Model, which aims to offer stability on rent, certainty on price, financial coaching and community services to support residents on their path to home ownership

The proponents argue that the conventional off-the-plan development model is largely failing to address people’s expectations of quality and aspirations for the community. 

To combat this, the team at MAKE have spent the past three years working on a proprietary development model to improve housing affordability. This follows the successful delivery of over $2 billion worth of development over the last 15 years and complements their current portfolio of over $1.5 billion of urban renewal projects.

MAKE undertook research of build-to-rent markets and operators in North America and Europe, before engaging KPMG and Arnold Bloch Leibler (ABL) to help refine a financial model that delivers sufficient long-run annualised investment returns to ultimately attract direct investment from superannuation funds into the Australian housing market.

The model is an adaptation of the built-to-rent model with one of the key distinctions being that the liquidity event is via a sale to residents individually, rather than selling the asset in one line to an institutional investor.

Following refinement of the model, MAKE identified the need for a deep community and service offering to enhance the proprietary nature of the model and underpin equity in the brand.

Enter Assemble, a residential developer focused on small footprint projects and the culture of living closer together, who over the last six years via its Assemble Papers publication, has explored the culture of living closer together a wide spectrum of fields, and in turn developed a large community of passionate and loyal followers.

More recently, Assemble put these ideas into practice through its first development in partnership with <a href="/developers/wulff-projects">Wulff Projects</a> and <a href="/developers/icon-developments">Icon Developments</a> in Roseneath Street, <a href="/new-apartments/clifton-hill-vic-3068">Clifton Hill</a>, comprising 48 apartments and 18 townhouses. Assemble led the community engagement, design presentations and sales process contributing towards a record result with 80% of homes sold on the first day of sales, 95% of which to owner-occupiers and 60% of which were from the Assemble Papers reader community.

The project received the 2016 Victorian Premier’s Design Award for excellence in Service Design and construction for the project is on track for completion in August 2018.

Once it was determined that the two brands shared common goals, values and provided complementary skills, MAKE restructured and took a majority interest in Assemble. This provided it with the capital and infrastructure to become an end-to-end property developer and community manager, and as a result, the brand for the new development model will fall under the Assemble banner.

With the first project underway and site acquisitions pending, the medium to long-term plan for Assemble is to develop and manage a portfolio of up to 40 residential assets totalling approximately 4,000 homes across major capital cities, providing a platform for institutional investment into residential housing and a pathway to home ownership for those currently locked out of the inner-city housing market.

Equity has been secured for the first three projects and discussions are progressing with superannuation funds to become the medium to longer-term capital partner for the business

<h2>393 Macaulay Road, Kensington </h2>

[smartcode_project:default project_id=8415]

The first project to be delivered under the Assemble Model will be <a href="/buildings/38-albermarle-st-393-macaulay-road-kensington">393 Macaulay Road, Kensington</a>. Located three kilometres north-west of <a href="/new-apartments/melbourne-vic">Melbourne’s CBD</a> in the wide, tree-lined streets of the industrial suburb, the building is sited between <a href="/new-apartments/moonee-ponds-vic-3039">Moonee Ponds</a> Creek to the east and the <a href="/new-apartments/maribyrnong-vic-3032">Maribyrnong</a> River to the west and has been designed to encourage and foster a new community.

Identified as one of Resilient Melbourne’s Resilient Communities (an initiative of 100 Resilient Cities – pioneered by the Rockefeller Foundation), 393 Macaulay Rd will encourage greater understanding of how to create more connected communities that are both sustainable and financially viable

Following extensive consultation with the City of Melbourne, a town planning application has been submitted for the Fieldwork-designed building, which will upon completion comprise 73 apartments over 8 levels. ANZ has approved its first development and investment facility for the Kensington project, whereby it will provide construction funding without the usual pre-sale requirements.

The design is centred around a landscaped, open-air walkway that will provide apartments with cross-flow ventilation and dual aspect natural light. The entire community will be connected through communal spaces on the upper and ground floors which include places for work, eating and leisure.

Additionally, the design team at Fieldwork has adopted a "less-is-more approach with the design, where quality is the defining factor." The aim is for the building to improve with age through durable materials, flexible spaces, good access to natural light, cross-flow ventilation, strong connection between indoor and outdoor spaces, high-quality fixtures and fittings, robust energy systems and integrated landscaping.

At its core, 393 Macaulay Road is about implementing a clear set of standards that promote a better quality of life, while also allowing residents a greater degree of customisation than the market currently offers.

The original heritage building, designed by art deco architect Harry A. Norris will be restored and the facade retained, embedding the design within its industrial context.

<figure><a href="/buildings/38-albermarle-st-393-macaulay-road-kensington"><img alt="" class="image-article_full_width_580px" height="383" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/macaulay_rd_slider_1-2.jpg?itok=HQesSiu7" title="393 Macaulay Road will be the first project delivered under the Assemble model. Image: Assemble" width="580"></a>

<figcaption>393 Macaulay Road will be the first project delivered under the Assemble model. Image: Assemble</figcaption></figure><h2>The Assemble Model</h2>

<ul>
<li>Prior to construction, residents sign a 5-year lease with the option to purchase their home for a fixed price at the end of the term.</li>
	<li>The purchase price is agreed up front and is calculated as today’s price with fixed 1.75% increases per year until you buy in approximately 7 years (i.e. 2 years of building and 5 years of leasing).</li>
	<li>Rent is agreed up front for the term of the lease and is calculated at a market rate with fixed 2.5% increases per year over the 5-year lease.</li>
	<li>The lease and option to purchase is secured by paying a refundable amount of 1% of the purchase price prior to the start of construction (e.g. $5k for a $500k apartment).</li>
	<li>Over the 5-year lease period, Assemble will support residents on their pathway to ownership via not-for-profit financial coaching services and bulk-buying initiatives to leverage economies of scale (e.g. internet, utilities, farm-direct groceries, insurance), Assemble will also have an on-site team to help with the day-to-day chores (e.g. parcel pick-up and drop-off, dry-cleaning, dog walking and apartment cleaning) and community building initiatives.</li>
	<li>After 5 years, residents can exercise the option to purchase the property at the fixed price, with the 1% refundable amount contributing towards the purchase price.</li>
</ul>
<figure><a href="/buildings/38-albermarle-st-393-macaulay-road-kensington"><img alt="" class="image-article_full_width_580px" height="527" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/macaulay_rd_slider_2-1.png?itok=Gbxj1p5x" title="393 Macaulay Road, Kensington. Image: Assemble" width="580"></a>

<figcaption>393 Macaulay Road, Kensington. Image: Assemble</figcaption></figure><h2>What they say</h2>

<blockquote>
The Assemble Model is the culmination of three years of research, both locally and overseas - and applying these learnings to the Australian context. The model aims to address the fundamental desire for the majority of Australians to own their own home – and is a direct response to multi-level government policies on housing affordability.

By locking in the price today, you are protected from rapid property price increases. You have seven years to save towards your deposit and five years to see if your home lives up to your expectations. Get to know your home, your neighbours and community before you decide to buy, and you can exit the lease or not proceed with the purchase at any time 
Any increase in the market value of your home above the fixed price, is to your benefit. It’s about giving people an opportunity to get a foothold in tomorrow’s housing market today.

- Kris Daff, Managing Director, Assemble and MAKE
</blockquote>

 

<blockquote>
What excites me in particular about the Assemble Model is a greater alignment of interest between the developer and resident compared to the off-the-plan model. We have to deliver high quality buildings that age gracefully and foster a genuine community. Design will be at the forefront of the Assemble Model to create homes that are functional and beautiful and that we’d genuinely want to live in ourselves.

Having designed many high quality apartment projects over the last 17 years, I’ve been frustrated that a lot of my team members can’t afford to buy into the projects they’re working on. I’m excited that the Assemble Model will provide them with the opportunity to do so in a supported and flexible way.

- Quino Holland, Design Director, Assemble and Director, Fieldwork
</blockquote>

 

<blockquote>
A tight-knit community doesn’t just grow overnight. We believe that with the right community infrastructure in place - we can support our residents to build strong relationships with their neighbours.

- Abbie Freestone, Head of Community, Assemble
</blockquote>
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Laurence Dragomir

Introducing the Assemble Model: A new pathway to apartment buying and ownership

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Mortgagees are offering a one bedroom Kensington apartment in Melbourne's inner city fringe at $380,000 after a failed weekend auction marketing campaign.
It had been scheduled for 14 October auction but passed in without any formal price disclosure.
The comparable sales for 602/255 Racehorse Road were offered as:
<table border="1" cellpadding="0"><tbody>
<tr>
<td>
503/ 255 Racecourse Road
</td>
<td>
$385,000
</td>
<td>
25/5/17
</td>
</tr>
<tr>
<td>
2. 7/ 11 Smith Street
</td>
<td>
$370,000
</td>
<td>
17/6/17
</td>
</tr>
<tr>
<td>
3. 10/ 7-9 Rankins Road
</td>
<td>
$385,000
</td>
<td>
27/5/17
</td>
</tr>
</tbody></table>
<a href="https://www.realestate.com.au/property-apartment-vic-kensington-126422370" target="_blank">The Racehorse Road listing</a> is on the top floor of the Newmarket with basement parking.
Another top floor apartment, but two bedrooms, fetched $630,000 at auction earlier this year.
The 54 square metre apartment complex is perfect for either an owner occupier or astute investor, the Barry Plan listing agent, Eugene Louey suggests. 
It was listed as a $350 a week rental earlier this year.
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Mortgagee auction at Racehorse Road, Kensington failed to return a winner

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Mortgagees are offering a one bedroom Kensington apartment in Melbourne's inner city fringe.
It goes to October 14 auction.
<a href="https://www.realestate.com.au/property-apartment-vic-kensington-126422370" target="_blank">The Racehorse Road listing</a> is on the top floor of the Newmarket with basement parking.
Another top floor apartment, but two bedrooms, fetched $630,000 at auction earlier this year.
The 54 sqm apartment complex is perfect for either an owner occupier or astute investor, the Barry Plan listing agent, Eugene Louey suggests. 
It was listed as a $350 a week rental earlier this year.
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