Brisbane-based <a href="https://www.apartments.com.au/developers/red-co">Red &amp; Co Developments</a> has officially launched its $250million COMO apartment development in Varsity Lakes, while simultaneously commencing construction.&nbsp;

Building work is now underway at COMO following the appointment of <a href="https://www.apartments.com.au/builders/5point-projects">5Point Projects</a> as contractor to deliver the boutique development which will rise on a 2857 sqm site overlooking Lake Orr at 22 Lake Street.

When completed, <a href="https://www.apartments.com.au/new-apartments/como-varsity-lakes-22-lake-street-varsity-lakes-qld-4227">COMO</a> will comprise 156 apartments across 16 levels located in the heart of Varsity Lakes.

[smartcode_project:default project_id=135546 project_image_fid=363515]

The project, which will sit alongside Bond University, will deliver a diverse array of apartment designs comprising one-, two- and three-bedroom residences that have already attracted interest from local and interstate investors as well as an array of owner occupiers looking to gain a foothold in the precinct.

Red &amp; Co, which has largely focused on the Brisbane market in recent years where it has delivered more than 500 apartments and townhouses across 26 projects, has designed COMO to combine tranquil, lakeside living with the vibrant urban convenience of the vibrant Varsity Lakes village.

“We’re thrilled to announce a start to construction of COMO in conjunction with the official launch of the project, our first for the Gold Coast,” said Red &amp; Co Director and Co-Founder David Laverty.

[smartcode_project:default project_id=135546 project_image_fid=363509]

“COMO is superbly positioned to capture the essence of the Varsity Lakes village lifestyle and its thriving café and dining precinct, while delivering a much-needed diverse supply of premium residences for the local market.

“Pre-launch inquiries have been strong among both local and interstate investors and owner-occupiers, including downsizers and upgraders who appreciate the value proposition that COMO represents.”

Prices at COMO start from $1,000,050.

[smartcode_project:default project_id=135546 project_image_fid=363511]

Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, the COMO development incorporates an extensive range of amenities for residents including a 25-metre rooftop lap pool, sundeck, barbecue and dining areas, as well as multiple rooftop pickleball and paddleball courts, a wellness and activity centre, gym, sauna, plunge baths and landscaped gardens.

“COMO presents a rare opportunity to secure a stylish, lifestyle-focused home in one of the Gold Coast’s most sought-after neighbourhoods,” added Laverty.

“The rooftop will be the epicentre of fun for residents with an array of amenities for residents that are quite unique for a boutique project such as this, all while offering spectacular vistas across the Gold Coast as far north as Southport and south to Burleigh.”

[smartcode_project:default project_id=135546 project_image_fid=363514]

&nbsp;

Red &amp; Co has chosen the Varsity Lakes site for its proximity to top-tier schools, major shopping hubs, such as Robina Town Centre and its CBD offering, as well as key Gold Coast transport links, including Varsity Lakes Train Station.

COMO will be located just a short walk to shops, cafes and restaurants in Varsity Lakes and just a 10-minute drive to the Burleigh Heads beachfront.

With construction currently underway, Red &amp; Co anticipates COMO will be completed in 2028.

[smartcode_project_cta:default project_id=135546]

Joel Robinson

Red & Co to launch debut Gold Coast development Como Varsity Lakes as construction commences

Longstanding Gold Coast developer Raptis has acquired a prime development site on Surf Parade for its next Broadbeach apartment project.

Progressing towards completion of <a href="https://www.apartments.com.au/new-apartments/the-sterling-broadbeach-6-8-george-avenue-broadbeach-qld-4218">The Sterling Broadbeach</a>, 90 apartments on nearby George Avenue, <a href="https://www.apartments.com.au/developers/raptis">Raptis</a>, led by second-generation family man Evan Raptis, has picked up a block on the corner of Surf Parade and First Avenue.

The site had been earmarked for a luxury apartment project with 33 full-floor apartments across a 37-storey tower. Raptis will go back to the drawing board and create a building more appropriate for the site. The development application will be lodged later this month.

Evan Raptis told Apartments.com.au the site ticks all the boxes.

"Broadbeach is a suburb we've developed several buildings over the years. Surf Parade ticks all the boxes for the type of apartment development we want to deliver."

Raptis had several pre-lodgement meetings with council to ensure they are aligned in the development.

<img alt="Raptis" data-entity-type="file" data-entity-uuid="f0d58573-07a4-47a8-9f5e-fbf35fb03dc3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-05%20at%204.58.23%E2%80%AFPM.png?VersionId=iczZEd_4_o4UL0PHMPJGfy_q3tv96J5i" />

Surf Parade has emerged in recent years as one of the most popular streets in Broadbeach for development.

South East Queensland developer Mosaic Property Group kicked it off with Marella by Mosaic. Bassar Group sold out Infinity on the street, while for its&nbsp;first Gold Coast development, Polycell grabbed a Surf Parade site for <a href="https://www.apartments.com.au/new-apartments/the-rochester-broadbeach-143-surf-parade-broadbeach-qld-4218">The Rochester</a>, which is nearly sold out.

Melbourne-based developer Hirsch &amp; Faigen recently launched its fourth Gold Coast project on the exclusive strip. The Eveleigh Broadbeach will have 100 apartments across a 31-storey building designed by Rothelowman.

GV Property Group site development specialists Antonio Mercuri and Luke Reaby, who both amalgamate sites and sell shovel-ready sites to developers up and down the Gold Coast, sold Surf Parade to Raptis.

Raptis secures prime Surf Parade site for next Broadbeach apartment development

Less than two years after breaking ground, Gardner Vaughan Group is celebrating the topping out of Bask, its second development in the exclusive coastal enclave of Bokarina on Queensland’s Sunshine Coast.&nbsp;

Located only minutes from the beachfront, the two seven-storey luxury apartment towers, known individually as Mydas and Caretta, offer a selection of one-to-four-bedroom residences with views of Lake Kawana, the Glasshouse Mountains, and Bokarina Beach.&nbsp;

[smartcode_project:default project_id=141609 project_image_fid=333359]

Gardner Vaughan Group Commercial Director Sam Gardner said the milestone marks the home stretch for construction, with first residents expected to be able to move in from Spring 2026.&nbsp;

“This is a significant milestone in bringing this development to life and represents our confidence in this region’s long-term growth and appeal,” Gardner said.&nbsp;

“With 85 per cent of apartments already sold, buyers are joining an established, coastal village that offers the very best of the Sunshine Coast – seasonally patrolled surf beaches, renowned restaurants, and links to established health and retail.&nbsp;

“The final collection of three- and four- bedroom apartments range in size from 127sqm to 300sqm, each with two or three secure car parks and storage, and with construction fast approaching completion we don’t expect the last few apartments to remain on the market for long.”&nbsp;

[smartcode_project:default project_id=141609 project_image_fid=333362]

Local restaurateur Luke Stringer, who co-owns and manages the award-winning Bocca Italian and Playa Mexican restaurants in Bokarina, has lived in the beachside suburb for 18 months and worked there for more than three years, and said the beachside suburb was thriving.&nbsp;

“It’s fair to say Bokarina is finally stepping into the sun and there’s a lot to love about the place,"&nbsp;Stringer said.

"It’s such a great community, where you see the same smiling faces every morning and everything’s within easy reach – it’s the perfect hub in the middle of the Sunshine Coast.

“When we first opened Bocca Italian, we were the lone restaurant, but it’s been amazing to see how the area has grown. The more venues that open, the busier it gets for everyone. When Playa Mexican opened its first Saturday night, Bocca had a record night and Playa was packed too, which blew us away how everyone is thriving.&nbsp;

“There’s a great energy around the place now, and people are really embracing Bokarina as a food and lifestyle destination.”&nbsp;

[smartcode_project:default project_id=141609 project_image_fid=363368]

Stringer joined other buyers at Bask Bokarina and the Gardner Vaughan Group team to celebrate the topping out at a special event in February.&nbsp;

Located in Kawana Waters, midway between Caloundra and Maroochydore, Bokarina locals enjoy scenic walking paths around Lake Kawana, playgrounds, beachfront boardwalk and parklands, alongside all the convenience of a masterplanned beachside community.&nbsp;

“You see people jogging or swimming in the morning, then grabbing coffee at the cafes, people are really embracing the area and all this growth is bringing more people to Bokarina,” Stringer added.&nbsp;

To take advantage of the vistas, each of the 135 apartments at Bask is designed with full size windows and high ceilings that provide an abundance of natural light.&nbsp;

Prices for the remaining three-bedroom apartments start at $1,599,000 and four-bedroom apartments start at $3,149,000.&nbsp;

[smartcode_project:default project_id=141609 project_image_fid=363369]

The mixed-use development also features ground-level retail space for cafés, dining options and boutiques, including the soon-to-be-opened ‘Corner Shop’, by the team behind Noosa’s well known ‘Organika’.

Sam Gardner said Gardner Vaughan Group’s 37-year history building and developing across South East Queensland has contributed to the success of its second development in Bokarina, which follows the recently completed Zinc Apartments.&nbsp;

“We care how people live and this is reflected in the way we approach the design and delivery of every development,” he said. “Furthermore, as a builder-developer we have full control over the construction program and our 100 per cent completion rate is something people can draw confidence from.”&nbsp;

Founded by civil engineers Guy Gardner and Darryl Vaughan in 1989, the family-owned business has evolved from a consultancy firm to an award-winning builder-developer, with projects across the Sunshine Coast, Moreton Bay, Brisbane and the Gold Coast.

[smartcode_project_cta:default project_id=141609]

Gardner Vaughan Group tops out Bask Bokarina apartments

Prolific Melbourne developer <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> has launched its fourth new Gold Coast development in as many years.

<a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a>, led by Daniel Faigen and backed by Eddie Hirsch, co-founder of United Petroleum, has unveiled The Eveleigh, on a prime 1,100 sqm site at 7-9 Surf Parade in the heart of Broadbeach.

<a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a> will deliver 100 apartments across 31 levels, making it the company’s largest Gold Coast project to date. It builds on the success of its three earlier developments, <a href="https://www.apartments.com.au/buildings/hemingway-1267-1273-gold-coast-highway-palm-beach">The Hemingway in Palm Beach</a> and <a href="https://www.apartments.com.au/buildings/emerson-kirra-100-musgrave-street-coolangatta">The Emerson at Kirra</a>, both completed, and <a href="https://www.apartments.com.au/new-apartments/yves-mermaid-beach-7-9-mermaid-avenue-mermaid-beach">Yves Mermaid Beach</a>, which is nearing completion.

[smartcode_project:default project_id=149670 project_image_fid=360966]

The announcement of The Eveleigh affirms the company’s sustained confidence in the Gold Coast market which continues to remain undersupplied. It also increases the value of Hirsch &amp; Fa​igen’s Gold Coast development portfolio to more than $700 million since the company first entered the market in 2021 with Hemingway.

The company has enlisted its preferred architecture firm Rothelowman to design The Eveleigh, which will offer a thoughtfully curated lifestyle, including a substantial wellness precinct, communal recreation areas, children’s play spaces, work-from-home facilities, and shared lounge and dining areas.

[smartcode_project:default project_id=149670 project_image_fid=360965]

Designed for the prime market demographic of downsizers and interstate lifestyle investors in mind, The Eveleigh has been crafted to offer an increasingly rare blend of affordable luxury in a tightly held market. Uniquely positioned in the heart of the Gold Coast’s most sought-after lifestyle suburb of Broadbeach, the project will also boast uninterrupted beach and hinterland views.

The Surf Parade site is just a short walk to the bustling Broadbeach dining and retail precinct, Pacific Fair, The Star Gold Coast and convention centre, and an easy stroll to Kurrawa Beach and the recreational amenity of Pratten Park on the Broadbeach foreshore.

[smartcode_project:default project_id=149670 project_image_fid=360975]

“We’re excited to be proceeding with our fourth project on the Gold Coast in what is certain to become the new luxury precinct in Broadbeach,” says Anthony Bueti, the CFO of Hirsch &amp;a​mp; Faigen and a shareholder of the group.

“With the likes of Mosa​ic and Abedian &amp;a​mp; Co also launching quality projects in the area, the transformation will cement Broadbeach as the premier lifestyle and amenity suburb on the Gold Coast.

"After four years in the Gold Coast market, and with three successful projects completed, The Eveleigh is the product of everything we have learned to love about the Gold Coast and it will be an incredible addition to our growing portfolio in one of the most vibrant property markets in the country. We continue to remain very confident in the high-end Gold Coast property market.”

Urban Activation Director Matt George is handling sales for The Eveleigh, having sold out The Emerson, The Hemingway, and Yves, all before construction was completed.

Melbourne builder MAXCON has already commenced construction on The Eveleigh. They are forecasting a mid-2028 completion.

[smartcode_project_cta:default project_id=149670]

Hirsch & Faigen unveils The Eveleigh in Broadbeach

Two years after securing development approval for the final stage of its award-winning Thornton Precinct on the doorstep of Penrith Station, Urban Property Group is set to launch <a href="https://www.apartments.com.au/new-apartments/mayfair-on-penrith-172-lord-sheffield-circuit-penrith-nsw-2750">Mayfair on Penrith</a>, around 400 apartments designed to reflect two of Sydney’s most iconic structures.

The builder-developer has continued refining the design plans for the two-building development on a significant 8,280 sqm site on Sheffield Circuit, recognising the importance of the prime parcel as one of the closest developable sites to the station.

UPG enlisted architecture firm SJB to design the project. The team said they drew inspiration from both the General Post Office in Martin Place and East Circular Quay to help shape the design. The two-level colonnade, in particular, reflects the famous GPO building, which dates back to the 1860s.

[smartcode_project:default project_id=136726 project_image_fid=362014]

There will be one-, two-, and three-bedroom apartments on offer, with interiors by Cox Architecture. Residences will sit above a retail podium featuring hospitality and lifestyle operators such as One Playground and Volcano’s Steakhouse, contributing to an activated ground plane within the broader Thornton precinct.

A communal rooftop with a pool and views towards the Blue Mountains will provide shared open space for residents. The development is positioned between Ron Mulock Oval and Westfield Penrith, with the Nepean River and Great River Walk also nearby, placing daily amenity and green space within walking distance.

&nbsp;

[smartcode_project:default project_id=136726 project_image_fid=362015]

Mayfair is being delivered by Urban Property Group, a family-owned developer and builder with nearly 40 years’ experience across Sydney. The project will be the first in Penrith to be offered with Resilience Insurance’s 10-year Latent Defects Insurance (LDI) policy, which Urban Property Group has adopted across a number of its recent developments. The developer also has a 4.5-star iCIRT rating, one of the best ratings in market providing further confidence to buyers.

Urban Property Group CEO Patrick Elias said providing additional assurance to off-the-plan buyers has become increasingly important.

“Anything we can do to give confidence in our product is a plus,” Elias told Apartments.com.au.

“Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. They’re making their single large investment, which is their home, and providing confidence is something that we feel is paramount.”

[smartcode_project:default project_id=136726 project_image_fid=362020]

The LDI policy provides a 10-year warranty covering structural defects, with independent inspections carried out during construction and protection for owners if defects arise post-completion.

Mayfair represents Urban Property Group’s sixth and final development within Thornton, consolidating the masterplanned precinct immediately east of the station.

The developer, which builds its own projects, has already commenced construction. SRM Residential is handling the sales campaign.

[smartcode_project_cta:default project_id=136726]

Urban Property Group to close the curtain on award-winning Thornton precinct with Mayfair on Penrith release

Maidstone

<html><body>
The cheapest sale across the capital cities was $295,000 when a one bedroom Maidstone apartment was sold.

The 46/17 Eucalyptus Drive apartment (pictured above), eight kms north west of Melbourne's CBD, had previously sold at $355,000 in 2011.

It has been listed with a $320,000 to $350,000 price guide.

[smartcode_project:default project_id=4939]

The dearest weekend sale was a three-bedroom house on Florida Road in Palm Beach sold under the hammer for $4.35 million, beating the reserve by $350,000.

The Ray White agents had nine contracts out before the auction with four registered bidders on the day.

<img alt="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/5/25/brighton%20east.jpg">

Melbourne's top sale was $2,415,000 for the five bedroom home at 4 Mayors Crescent, Brighton East (pictured above).

There were 234 auctions scheduled in Sydney on Saturday.

Domain Group had recorded a preliminary clearance rate of 66 per cent from 168 reported results.

There were 102 auctions scheduled in Melbourne on Saturday.

Domain Group had Melbourne recorded a 70 per cent preliminary clearance rate of per cent from 72 reported results.

<a href="https://www.propertyobserver.com.au/images/2020/5/25/corelogic%201.jpg" target="_blank">Click here </a>to enlarge:

<img alt="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/5/25/corelogic%201.jpg">

Source: CoreLogic

Latest <a href="https://www.realestate.com.au/auction-results/" rel="noopener noreferrer" target="_blank">realestate.com.au auction data</a> from 145 published results shows New South Wales had a clearance rate of 66 percent for the week to date, while Victoria’s preliminary clearance rate stands at 71 percent.

[smartcode_project:default project_id=3490]

The NSW clearance rate has been at 66 percent in recent weeks, up from about 40 percent across most of April.

Victoria had 139 scheduled auctions for the week, with the results from 78 published results.

Queensland's 41 results reflected a 59 percent success rate.

Just 26 results in the ACT saw a 73 percent clearance rate.

<a href="https://www.propertyobserver.com.au/images/2020/5/25/corelogic%202.png" target="_blank">Click here</a> to enlarge: 

 <img alt="" src="https://www.urban.com.au/images/2020/5/25/corelogic%202.png">

Source: CoreLogic
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j.ballantyne1990-6AQqhLzZaK

$60,000 loss taken on Melbourne apartment, as weekend auction results improve 

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Following hot off the heels of the success of Stage 1 and 2 of the Hampstead Park, Bewise Property Group has wasted no time in releasing Stage 3 of its master planned development in Maidstone.

Bewise has a long development history in Melbourne, with a strong reputation for creating better communities and places for future living. With a focus on considered projects that achieve more than just a timely delivery, Bewise has a passion for innovative projects that positively contribute to cities and communities.

With only 5 townhouses remaining across Stages 1 and 2, Stage 3 of Hampstead Park provides purchasers with a rare opportunity to snap up 3 and 4 bedroom townhouses within 8km of the Melbourne CBD.

<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/hampstead_park_-_82-96_hampstead_road_maidstone_4.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="266" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/hampstead_park_-_82-96_hampstead_road_maidstone_4.jpg?itok=fhw67cis" width="580"></a></figure>Hampstead Park is being developed to a Master Plan conceived by ClarkeHopkinsClarke who are also responsible for the architecture, with Adele Bates providing expertise on the interiors of the townhouses.

According to ClarkeHopkinsClarke, the townhouses have been designed to "reflect a sense of individuality within a cohesive whole." Across each façade, a selection of brick, metal and timber creates an elegant material palette, with bespoke details adding unique touches of beauty to every home.

Internally, Adele Bates has applied a design philosophy centred around "comfort, liveability, sustainability and timeless style." In response to this philosophy, each home reflects the evolving needs of a family with multiple areas for entertaining as well as intimate nooks for quiet moments of solitude.

Extending the overarching themes of sustainability and natural connection, every home features a durable material palette that includes matt timber surfaces and tactile stones. A refined and sympathetic design also encourages residents to bring their own unique taste and style into all living spaces.

<div>
<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/hampsteadpark_brochure_interior.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="279" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/hampsteadpark_brochure_interior.jpg?itok=8PZVr6vt" width="580"></a></figure>Hampstead Park' is well located and in close proximity of a range of schools, shopping, dining and entertainment options, as well as the Maribyrnong River just minutes away providing residents with walking and cycling trails which encompass views of the city skyline. 

Highpoint Shopping Centre - the fourth largest shopping centre in Australia - is less than a five-minute drive away from Hampstead Park and provides over 500 stores, as well as Hoyts Cinemas and a Digital Imax theatre.

Footscray Market too, is only ten-minutes away, providing Hampstead Park residents with fresh produce from Tuesday to Saturday.

Braybrook College, Maribyrnong College and Footscray College, Caroline Chisholm Catholic College all a stone's throw away and Victoria University’s main campus located one suburb over in Footscray, along with Footscray College TAFE.
</div>

Speaking to Apartments.com.au <a href="/news/hampstead-park-sees-overwhelming-success-stage-2-set-to-launch-in-2019">late last year</a>, INPG's Andrew Steele noted the value for money and lifestyle on offer at Hampstead Park.

<blockquote>
"Buyers are always looking for value, now more than ever in this current market. At Hampstead Park we have been able to demonstrate outstanding value to our purchasers by offering large, luxuriously finished townhomes in the immediate vicinity of Highpoint Shopping Centre and only 8km to Melbourne CBD. 

The reason we have seen such great success is that there are so many positive aspects to this master-planned community, real features that buyers are looking for, and we have been able to deliver them all at a truly affordable price."

- Andrew Steele, Sales &amp; Marketing Manager at INPG
</blockquote>

Steele says Hampstead Park represents an amazing opportunity for First Home Buyers to get in to the market within 8km to city. According to Steel, First Home Buyers will benefit from paying $0 stamp duty and will receive the FHB grant of $10,000 on all purchases.

Following the release of Stage 3, a further two stages will be released over the course of 2019.  
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urban.com.au

Demand for Hampstead Park in Maidstone continues as Stage 3 launches to market

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The demand for property in Melbourne's West remains strong following the overwhelming success of the first stage of <a href="/new-townhouses/maidstone-vic-3012">Hampstead Park</a> in Maidstone. Purchasers have been attracted by the development's proximity to the Melbourne CBD and its value for money compared to surrounding suburbs. Hampstead Park offers the convenience and amenity of Footscray or Maribyrnong but at a fraction of the price, with 81% of stage one sold out at time of writing.

Designed by <a href="/architects/clarke-hopkins-clarke-0">Clarke Hopkins Clarke</a>, the overall Hampstead Park masterplan allows for up approximately 450 apartments, as well as 157 townhouses, located around a central communal park.

<blockquote>
"The vision for this new masterplanned mixed use precinct in Maidstone is to create a unique mixed use urban precinct that provides a vibrant place to live, work and play. Based on the 4 key principles of Community, Integration, Identity and Sustainability, the design will aspire to create a modern and vibrant community, that integrates within the existing context of the site, has a strong sense of identity, and shapes a socially and environmentally sustainable environment.

The village features a supermarket and specialty retail tenancies including restaurants/cafes, a community component comprising community centre, medical centre, gym, and child care centre to support the local population and complement the retail offerings provided by the established activity centre nearby. The new development will also feature a central park and plaza and a community park, and create an intimate streetscape network with a strong pedestrian focus, shaping a unique sense of place for the local community."

- Clarke Hopkins Clarke
</blockquote>

<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/hampstead_park_exterior_park_1200x550_1.jpg" rel="gallery-all" title="The development surrounds a central park space."><img alt="" class="image-article-full-width-580px" height="266" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/hampstead_park_exterior_park_1200x550_1.jpg?itok=Nl9ULonG" title="The development surrounds a central park space." width="580"></a>

<figcaption>The development surrounds a central park space.</figcaption></figure>Andrew Steele, Sales &amp; Marketing Manager at inPLACE provided Apartments.com.au with some insight on the projects success to date and why it has resonated with purchasers.

<div>
Apartments.com.au: What do you attribute the success of stage one of Hampstead Park to? Particularly in light of the current market conditions in Melbourne? 

Andrew Steele: Buyers are always looking for value, now more than ever in this current market. At Hampstead Park we have been able to demonstrate outstanding value to our purchasers by offering large, luxuriously finished townhomes in the immediate vicinity of Highpoint Shopping Centre and only 8km to Melbourne CBD. The reason we have seen such great success is that there are so many positive aspects to this master-planned community, real features that buyers are looking for, and we have been able to deliver them all at a truly affordable price.  To get all that Hampstead Park has to offer from just $740,000 for a 3 bedroom home and from $765,000 for a 4 bedroom home, it’s easy to see why buyers have taken to the project so strongly.
</div>

<div>
U: How does Maidstone compare to say Maribyrnong and Footscray from a price point? Is it an affordable alternative to these locations while still benefiting from proximity to the Maribyrnong river, Highpoint Shopping Centre and central Footscray? 

AS: Maidstone represents a unique opportunity to buy so close to the city at an affordable price. Our project borders right on Maribyrnong, where the median house price is nearly $170,000 more, and Footscray where the median house price is nearly $60,000 more. Hampstead Park offers all of the amenity of the surrounding suburbs, in an expertly planned community, at a much more affordable price. I think this is another reason why sales have been so strong – home buyers are surprised by what they get for their money and investors see the potential for strong capital growth.
</div>

<div>
U: Where are purchasers in Hampstead Park located? Are they from surrounding suburbs? And what demographic? 

AS:The vast majority of our buyers are from surrounding suburbs. A lot have come from Maribyrnong as they see the project as desirable and affordable and not really much of a move, we have also seen those from further our like St. Albans and Point Cook who want to be closer to the city, and even people from other areas in the north such as Brunswick and Preston. They are paying a fraction of the price of what they would be buying a townhouse of this quality in their current suburbs, yet they get to maintain the similar proximity to the city and enjoy the same lifestyle.
</div>

<div>
U: How many residences are left in Hampstead Park? 

AS: Of the 78 townhouses in Stage 1, there are only 15 remaining which is a great result. The great thing is that the floor plan types released initially are all still available except one, meaning that even those who are yet to buy haven’t missed out!
</div>

<div>
U: At the rate at which they're selling they're most likely to be gone by the end of the year. When will stage two be released and can buyers enquire now? 

AS: The aim is to have Stage 1 practically sold out by the end of the year. Stage 2 will likely launch in February which is are very much looking forward to.
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Hampstead Park offers homes with no owners’ corporation, free-hold title and no common walls. There are massive stamp duty savings for investors and full stamp duty concessions for eligible first home buyers as well as the FHOG.

 
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Hampstead Park sees overwhelming success - Stage 2 set to launch in 2019

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The editor's picks from the project database: Planning Assessment status, July 2013. See our top five picks for Under Construction in <a href="/news/urban-com-aus-top-5-picks-under-construction-june-2013">June 2013</a>.

<h2>5. 204-210 Ballarat Road, Maidstone</h2>

Why do we like it? Maidstone/Braybrook/Sunshine is the possibly one of the last regions of Melbourne the average Joe would think apartments would have a place. But when you see a project like this pop up, you have to sit up and take notice. 5 levels and on a major road which has the capacity to be a major East-West Bus Rapid Transit route into and out of the Footscray CAD, 204-210 Ballarat Road is sure to set a precedent.

<a href="/new-apartments/amber-apartments-204-ballarat-road-maidstone"><img alt="" src="/sites/urban.melbourne/files/project-renders/Image8_0.jpg" style="width: 710px; height: 378px;"></a>

<h2>4. Packington Apartments - 44 Packington Street, St Kilda</h2>

Why do we like it? Excellent Public Transport links nearby, low-rise and epitomises the type of building which the <a href="/news/transforming-australian-cities-a-must-read">Transforming Australian Cities</a> strategy calls for in or near appropriate public transport corridors all over Melbourne.

<a href="/buildings/leroy-40-packington-street-st-kilda"><img alt="" src="/sites/urban.melbourne/files/project-renders/56_19-04-2013_1403.jpg?slideshow=true&amp;slideshowAuto=false&amp;slideshowSpeed=4000&amp;speed=350&amp;transition=fade" style="width: 710px; height: 377px;"></a>

<h2>3. 81 Argyle Street, Fitzroy</h2>

Why do we like it? Another perfect <a href="/news/transforming-australian-cities-a-must-read">TAC</a> example - low-rise, increases density, superb public transport links nearby on Nicholson and Johnston Streets. I'm calling it: it looks as if it will become a hidden gem - much like how it's possible stumble upon multiple interesting buildings in the CBD when you navigate labyrinth of laneways, 81 Argyle, positioned back from the main thoroughfares, will provide ample surprise factor for people who choose to go meandering in the back streets of Fitzroy. Wood facade? Yes please!

<a href="/buildings/bespoke-fitzroy-81-argyle-street-fitzroy"><img alt="" src="/sites/urban.melbourne/files/project-renders/81-argyle-st-fitzroy.jpg?slideshow=true&amp;slideshowAuto=false&amp;slideshowSpeed=4000&amp;speed=350&amp;transition=fade" style="width: 580px; height: 320px;"></a>

<h2>2. 150 Turner Street, Port Melbourne</h2>

Why do we like it? 150 Turner only popped up on the radar as early as this <a href="/news/lorimer-precinct-artisan-architects-lead-the-way">week</a>. Kudos to the architect for boldly going with a green facade - it's not a colour one would say has been executed all that well in Melbourne to date. Nevertheless, <a href="/news">looking at all angles</a> the building has many appealling features: no single facade will be the same, a unique podium facade will add to street-level interest and overall the height, bulk and general characteristics look to, on paper, agree with much of what the City of Port Phillip have outlined as part of the <a href="/news/port-phillips-montague-structure-plan">Montague Structure Plan</a> (albeit, this tower is proposed in the adjacent Lorimer precinct) - this is definitely one to watch.

<a href="/new-apartments/150-turner-street-port-melbourne"><img alt="" src="/sites/urban.melbourne/files/project-renders/flyer.jpg?slideshow=true&amp;slideshowAuto=false&amp;slideshowSpeed=4000&amp;speed=350&amp;transition=fade" style="width: 710px; height: 455px;"></a>

<h2>1. Queensbridge Tower - 1-23 Queensbridge Street, Southbank</h2>

Why do we like it? Bates Smart. The name commands respect - after all they are one of this country's oldest firms - of Royal Exhibition Building, ICI House and adjacent Freshwater Place (to name but a few) fame. Where certain soundbites will pan the height of new skyscraper developments almost universally, we say: Queensbridge Tower will add to the collection of towers on Southbank already as high and as diverse as the entire Perth CBD furthermore enhancing Southbank's own evolving hyper-density identity.

The urban tall is just as important as the urban small.

<a href="/new-apartments/one-queensbridge-street-1-23-queensbridge-street-southbank"><img alt="" src="/sites/urban.melbourne/files/project-renders/Image14.jpg?slideshow=true&amp;slideshowAuto=false&amp;slideshowSpeed=4000&amp;speed=350&amp;transition=fade" style="width: 641px; height: 453px;"></a>

Agree or disagree? Let us know!
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