<a href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a> is preparing to commence construction on <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> this October, marking the next milestone for the Melbourne CBD development and its higher-end Eliza Collection.

Spanning levels 44 to 68 of the 68-storey <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed tower, the Eliza Collection has been conceived as a lower-density offering within the broader development, with only five apartments on each floor, dedicated lift access and a collection of resident spaces reserved exclusively for Eliza Collection residents.

The Eliza Collection forms part of Far East Consortium's broader move toward larger-format residences at 640 Bourke Street, where the number of apartments was reduced from earlier plans as apartment sizes increased.

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"What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Far East Consortium Director of Sales and Marketing Lauren Sheldon said.

Rothelowman Associate Jun Chang said the design process provided an opportunity to create more generous floorplans.

"We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."

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That thinking carries through to the Eliza Collection, where the residences have been designed around the space and functionality associated with a larger home, but positioned high above the centre of Melbourne.

Kitchens are equipped with Gaggenau appliances, a butler's pantry, temperature-controlled wine cabinet and sculptural pendant lighting, while engineered timber flooring, stone and porcelain finishes and custom cabinetry feature throughout the broader interiors.

Privacy and security are another point of distinction. Eliza Collection residents have dedicated lift access, while 640 Bourke Street will provide concierge services and secure resident parking. Short-stay accommodation, including Airbnb, will not be permitted within the development.

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Eliza Collection residents will also have exclusive access to selected amenity spaces across levels one and three of the restored Eliza Tinsley building. These include the Salon with grand piano, an art therapy room, private dining rooms and treatment rooms.

They sit within more than 3,000 sqm of amenity planned across 640 Bourke Street, alongside facilities including a pool, gym, whisky lounge and further social and wellness spaces.

The Eliza Tinsley building itself is central to the wider project's identity. Rather than treating the existing Eliza Tinsley façade as a separate element, Rothelowman used it as a starting point for the architecture of the new tower, with the historic building to accommodate the project's gallery and lobby.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

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The tower will rise behind the retained heritage building at 640 Bourke Street, placing residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market and the Docklands waterfront.

With construction scheduled to begin in October, Far East Consortium has established an onsite display gallery at 640 Bourke Street, including fully built apartments that allow the project's layouts, materials and finishes to be inspected at full scale.

A fully built Eliza Collection apartment is also available to view at the display suite by appointment ahead of the planned October construction commencement.

Eligible purchasers who buy before construction commences can secure the full available off-the-plan stamp duty savings, subject to eligibility and applicable conditions.

[smartcode_project_cta:default project_id=509]

Joel Robinson

Far East Consortium brings Eliza Collection to 640 Bourke Street ahead of October construction start

By the time S&amp;S Projects began planning <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia</a>, the developer already had three Rainbow Bay projects from which to draw.

Flow, Awaken and Esprit had given <a href="https://www.apartments.com.au/developers/ss-projects">S&amp;S Projects</a> experience developing in the southern Gold Coast enclave, as well as buyer feedback that could be carried into its fourth project, a boutique collection of 38 residences at 271 Boundary Street.

“We have experienced a lot of success in this location and as this was our fourth building we had taken all of the learnings and buyer feedback from previous projects to arrive at a design and apartment mix that we believe had captured all of that experience and remained a true S&amp;S Project in its design and amenity,” the developer said.

That experience has translated into a collection of two, three, four and five-bedroom residences including two penthouses positioned on an elevated corner in Rainbow Bay, where the site opens to multiple coastal view corridors and the area's distinctive north-facing bay.

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S&amp;S Projects says the Boundary Street site took years to assemble, having previously comprised six units, a house and a duplex. The developer worked individually with the existing owners to bring the properties together after an earlier attempt to sell the site had been complicated by the number of parties involved.

“We are constantly looking for properties that meet our brand standards of location, views, and sites that are rare with unique aspects that we can develop to maximise the lifestyle of residents who live in our buildings,” S&amp;S Projects said.

The Boundary Street site gave <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a> a different set of conditions to work with.&nbsp;

“Our design brief was to design a building that took advantage of its unique elevated corner siting offering a range of spectacular view corridor opportunities,” Cottee Parker said.

“The design had to reinforce the strong brand pillars of S&amp;S which are quality, luxury and superior resident amenity.”

[smartcode_project:default project_id=140491 project_image_fid=284543]

Cottee Parker responded with a sculptural floorplate and strong horizontal banding, with continuous balconies and landscaped planters wrapping the building. Operable screens along the balcony edges allow residents to manage light and shade while creating an additional layer of pattern across the facade.

The tower rises above a heavily landscaped podium incorporating the entry lobby and recreational level, while the broader architectural expression takes cues from Rainbow Bay's coastal environment through its organic forms and light material palette.

Cottee Parker says the design has also been developed to complement S&amp;S Projects’ three previous Rainbow Bay developments while retaining its own architectural identity.

Inside, the residences continue that coastal response through two interior schemes centred on warm timbers and neutral tones, alongside patterned natural stone and fluted detailing.

Floor-to-ceiling sliding glass doors connect open-plan living areas to wraparound balconies, while natural stone is used across benchtops, splashbacks and bathroom walls. Specifications also include light-washed timber flooring, gas fireplaces, integrated bar and wine fridges, freestanding stone baths and 100 per cent wool carpet.

[smartcode_project:default project_id=140491 project_image_fid=284559]

Cottee Parker Director Sandra Brown said the intention was to create an architectural response closely connected to its surroundings.

“Imagine architecture that breathes with the rhythm of nature, where every curve and line flows seamlessly – creating spaces that dance with the elements, where sunlight kisses every surface and the gentle sea breeze fills every space,” Brown said.

The lessons S&amp;S Projects carried into Radia also extend to its resident amenity, with a substantial collection of shared facilities planned for just 38 residences.

A dedicated Residents Club will include a lap pool and spa, gymnasium, ice bath, sauna, steam room and hot rocks sauna. A residents' lounge, private dining room, outdoor dining and barbecue area and business centre are also planned, along with storage and dedicated surfboard and beach lockers.

S&amp;S Projects Founding Director Paul Gedoun said the facilities were also designed around the project's Rainbow Bay setting.

“Each amenity is designed to capitalise on the lifestyle of Rainbow Bay, ensuring residents can enjoy the relaxed coastal experience the enclave is famous for,” Gedoun said.

[smartcode_project:default project_id=140491 project_image_fid=284555]

<a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a> says purchasers to date have predominantly included local downsizers, interstate lifestyle investors and families, alongside a strong contingent of repeat S&amp;S purchasers.&nbsp;

According to the project sales team, feedback has centred on the natural stone and joinery, generous floorplans, natural light and the ability for residences to capture views in multiple directions. The completed Flow, Awaken and Esprit developments have also provided prospective purchasers with an existing reference point for S&amp;S Projects' delivery in Rainbow Bay.

There has also been interest from high-profile surfers and people connected to the surf community, with the elevated building providing outlooks towards several of the area's recognised surf breaks.

Radia continues S&amp;S Projects' concentration of development in a tightly held part of the southern Gold Coast, close to Rainbow Bay Beach, Snapper Rocks, Duranbah Beach, Greenmount Beach and the Tweed River. The neighbourhood also includes a growing collection of hospitality venues, while Coolangatta Airport provides connections beyond the southern Gold Coast.

Hutchinson Builders is now delivering Radia, continuing the project from early works privately funded by S&amp;S Projects. The $250 million development is expected to reach completion in the third quarter of 2027.

“With our history in Rainbow Bay, we have been fortunate to be heavily involved in how the development landscape has unfolded and this project slides into the property landscape comfortably and will feel like it was always there,” the developer said.

[smartcode_project_cta:default project_id=140491]

How three Rainbow Bay projects shaped S&S Projects' fourth, Radia

Nearly 40 years after <a href="https://www.apartments.com.au/developers/sheida-group">The Sheida Group</a> began working on the northern Gold Coast, the family-owned developer is continuing its involvement in Hope Island with Marina Point Apartments, where apartment scale has been a central part of the development.

Across the 235-apartment waterfront community, the developer has prioritised larger floorplans, substantial open space and marina access, responding to a purchaser base that has predominantly comprised local owner-occupiers and downsizers moving from larger homes.

"Having already delivered Anchorage nearby, we also understood this particular market and how people live here," developer Rick Sheida said.

"<a href="https://www.apartments.com.au/new-apartments/marina-point-apartments-hope-island-66-view-line-terrace-hope-island-qld-4212">Marina Point&nbsp;Apartments</a> gave us the opportunity to build on those lessons and create the next evolution of our work in Hope Island."

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The Sheida Group acquired the Marina Point land around 2018. Its appeal, Sheida says, went beyond having a waterfront address.

"What attracted us was not simply that the site was waterfront, but the way it meets the water," he said.

"It sits at the junction of broad waterways, creating long sightlines, changing views and a sense of movement throughout the day. Its shape also allowed us to orient the buildings outward, improve privacy between residences and make better use of natural light and breezes."

The buildings have subsequently been positioned around the perimeter of the site, allowing most apartments to take in water views while others look across the resort amenity or hinterland. Once all four buildings are complete, approximately one hectare of the site is expected to remain as open space.

The waterfront also provides the potential for up to 50 marina berths, with berths ranging from 15 to 24 metres and options designed to accommodate wider vessels including catamarans. Access from the marina to the Gold Coast Seaway is bridge-free.

[smartcode_project:default project_id=136992 project_image_fid=293149]

The developer says purchasers to date have predominantly been owner-occupiers and downsizers from <a href="https://www.apartments.com.au/new-apartments/marina-point-apartments-hope-island-66-view-line-terrace-hope-island-qld-4212">Hope Island</a> and elsewhere on the Gold Coast, generally aged between 45 and 70. Many have sold larger family homes or properties requiring significant upkeep.

That purchaser profile informed a design brief centred on retaining the space and functionality of a larger home within an apartment format.

"Many of our buyers are coming from large, well-appointed homes in Sanctuary Cove and the surrounding area," the project team said.

"They are accustomed to generous spaces and thoughtful design, so it was important that the apartments delivered the same sense of comfort and functionality.

"Every room needed to feel well proportioned, every space needed a clear purpose and nothing could feel compromised."

Residences range from 139 sqm through to 319 sqm penthouses, with two car spaces provided to apartments and three to penthouses. Minimum 2.7-metre ceilings, floor-to-ceiling glazing, entertainer's kitchens with butler's pantries, substantial storage and balconies ranging from 18 sqm to 37 sqm further reflect the emphasis on space.

One purchaser from Sanctuary Cove has taken the concept further, combining two of Marina Point's largest apartments to create a 552 sqm residence with raked ceilings reaching up to 4.5 metres.

[smartcode_project:default project_id=136992 project_image_fid=293155]

With Building 1 now complete, the developer is also seeing its original design assumptions tested against purchaser feedback.

Three completed display residences allow prospective purchasers to compare apartment sizes, layouts, finishes and outlooks in person. The sales team says one of the most consistent responses has been to the scale of the apartments, with visitors describing them as feeling more like homes than conventional apartments.

The first stage of resident amenity is also operational, including a 25-metre heated lap pool, Technogym-equipped gym, infrared sauna, golf simulator and yoga room. Future facilities are set to include a resort-style pool and spa, waterfront barbecue area and a residents' lounge with a library, fireplace, pool table, kitchen and bar.

Rather than treating the four buildings independently, the design brief called for a complete waterfront neighbourhood, balancing private residences with landscaping, open space, marina access and shared amenity.

[smartcode_project:default project_id=136992 project_image_fid=293152]

For Sheida, Marina Point Apartments is ultimately an extension of the developer's longer-term involvement in Hope Island and its view of how the suburb is evolving.

"We were equally interested in the long-term future of Hope Island," he said.

"Its position between Brisbane and the central Gold Coast gives residents access to both, while improving transport connections are making the northern Gold Coast increasingly attractive as a permanent place to live."

Hope Island Marketplace is 1.3 kilometres from Marina Point, while Sanctuary Cove and Paradise Point are within six kilometres. Links Hope Island, The Pines and The Palms golf courses are also nearby, and the new Hope Island train station is under construction around five kilometres from the development.

Building 2 is under construction, with completion scheduled for 2027.

[smartcode_project_cta:default project_id=136992]

Marina Point Apartments continues The Sheida Group's 40-year Hope Island story

Sydney-based fund manager and developer EG is seeking to turn part of the former Roche pharmaceutical campus in Cromer into a 130-home residential community, introducing a mix of low-rise apartments, townhouses and duplexes to the tightly held Northern Beaches market.

The SJB-designed masterplan has been prepared for the 3.2-hectare site at <a href="https://www.apartments.com.au/new-apartments/100-south-creek-road-cromer-nsw-2099">100 South Creek Road</a>, part of the former Roche landholding that EG acquired for $55 million in 2017 through its Yield Plus Infrastructure Fund No. 2.

EG is proposing what SJB describes as a new "urban village" set within the site's significant existing tree canopy.

<img alt="Cromer" data-entity-type="file" data-entity-uuid="482c9a58-49f1-4c53-a12e-aaa02336229f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-24%20at%2011.20.57%E2%80%AFAM.png?VersionId=hZP8_XfPnfNq500dbcjlpVwYU1ebhF9_" />

Around three hectares of the site is considered developable, with the balance incorporating a riparian corridor that would be rehabilitated and revegetated as part of the proposal.

The indicative masterplan comprises approximately 72 apartments in low-rise residential buildings and another 58 townhouses and duplexes.

The apartment component would include around five one-bedroom, 37 two-bedroom and 30 three-bedroom residences, while the townhouse and duplex component would be spread across several different housing typologies. The overall scheme would deliver around 19,500 sqm of gross floor area at an FSR of 0.6:1.

Parking for the apartment component is currently estimated at around 112 resident spaces and 14 visitor spaces, while the townhouse and duplex component would have 116 resident and 12 visitor spaces.

A significant part of the masterplan revolves around retaining the established landscape character of the former Roche campus.

SJB's plans show heavily treed setbacks along both Campbell Avenue and South Creek Road, a centrally located collection of significant native and exotic trees retained as communal open space, and the regeneration of the northern bushland area.

The existing creek corridor along the site's western edge would also be rehabilitated and revegetated, creating additional separation between the new homes and the neighbouring Northern Beaches Business Park.

A heritage-listed cottage and its garden setting would be retained and restored, with SJB flagging its potential adaptive reuse as communal space.

The proposal also includes new communal recreation areas, pedestrian connections to Campbell Avenue and South Creek Road, and a contribution toward improvements to the adjoining Michele Reserve.

Vehicular access would be restricted to South Creek Road, with no vehicle entry proposed from Campbell Avenue. The main internal road would largely follow the site's existing driveway to minimise the impact on established trees.

SJB said residential redevelopment presented an opportunity to retain the majority of the site's heritage-listed mature trees while delivering a broader range of housing types than typically seen across the Northern Beaches.

"The site being 3.27 hectares in area represents one of the largest vacant sites in common ownership in the Cromer and Dee Why area capable of residential renewal," SJB noted in the masterplan.

The architect said the proposal would particularly target housing diversity through townhouses and other "missing middle" typologies suitable for singles, young families, downsizers and retirees.

<img alt="Cromer" data-entity-type="file" data-entity-uuid="e3f5d841-8491-427e-8ada-c70d3d03d6bc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-24%20at%2011.21.02%E2%80%AFAM.png?VersionId=xTV7r.q8lrTzC9vKzMS9zMbjm9wKwhgm" />

The site emerged following the subdivision of the former Roche campus into eastern and western parcels.

EG has already transformed the western portion into the Northern Beaches Business Park, which incorporates heritage-listed office space, modern warehouses and indoor recreation facilities.

The proposed residential community, referred to as Cromer East in SJB's plans, adjoins established housing to the north, east and south-east, while the business park sits beyond the creek corridor to the west.

It is also within 250 metres of Pittwater House School and Northern Beaches Secondary College, while bus stops within a three-to-five-minute walk provide connections to Dee Why, Brookvale and express services to the Sydney CBD. Cromer Park and the South Creek open space corridor are also nearby.

EG acquired the broader 7.5-hectare former Roche campus in 2017 for $55 million through its Yield Plus Infrastructure Fund No. 2. The campus at the time comprised more than 25,000 sqm of industrial and office buildings set within landscaped grounds.

The current residential site represents the eastern portion of that original holding.

EG's investment strategy for the fund has centred on acquiring income-producing real estate with longer-term rezoning and repositioning potential, particularly assets benefiting from infrastructure and changing land-use patterns.

EG also has an established residential track record across Sydney, including Bosco in Five Dock, Tempo in Drummoyne, The Flour Mill in Summer Hill and Pindari in Randwick.

The developer says it has delivered more than 1,000 homes to date, with a further 3,000-plus residences across its development pipeline.

First look: EG plans 130 apartments on former Roche pharmaceutical campus in Cromer

<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Melbourne apartments

<h2>Expert Observer</h2>

With the Federal election all but wrapped up, what can prospective buyers expect from the change in government, with the Labor party&rsquo;s win bringing a raft of policy changes.

With a look to address the property market&rsquo;s biggest issues,&nbsp; the headlining &lsquo;Help to Buy&rsquo; scheme is likely to be popular with prospective home buyers, as it provides a more affordable entry point to the Australian housing market for those individuals on low-to-mid level incomes.

This will contribute to more equality in rates of home ownership across income cohorts, and could create more opportunities for key workers to live in more central areas.

[smartcode_project:default project_id=27815 project_image_fid=185118]

Being able to share up to 40% of the purchase price with the government, along with only a small deposit and opportunity to save on lenders mortgage insurance, helps to overcome several of the hurdles of home ownership.

Keeping in mind buyers will still have to fund their transactional costs, including stamp duties, legal costs and bank fees.

Labor&rsquo;s Help to Buy scheme will involve an equity contribution from the Federal Government of up to 40 per cent of the purchase price of a new home, and up to 30 per cent for an existing home for 10,000 Australian&rsquo;s each financial year, with homebuyers needing just a 2 per cent deposit.

With a cap of 10,000 places, the scheme could be quickly oversubscribed as prospective Australian home buyers take advantage of the leg up into the housing market, Lawless says, highlighting the First Home Loan Deposit scheme, which saw the first 10,000 places of the scheme allocated within six months.

[smartcode_project:default project_id=112253 project_image_fid=193233]

However places for new homes were not taken up as quickly, and building constraints and high construction costs could deter the uptake of a shared equity scheme for new homes.

Having said that, a higher interest rate environment, which may see lower prices, could make people more cautious of buying, reducing demand for the scheme in the short term.

Historically, residential transaction activity correlates with property price movements. Additionally, we have just been through a period of significantly elevated transaction activity, including from the first home buyer cohort, where many home purchasing decisions were likely brought forward to take advantage of the swathe of home buying grants and incentives over 2020 and 2021.

The added flexibility of buyers being able to &lsquo;top up&rsquo; their ownership stake once in a better financial position is another advantage of the scheme, although any change in the proportion of ownership would presumably be accompanied by a paydown in the share of equity that has accrued in the property back to the government.

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Help to Buy scheme

<ul>
	<li>Government helps with up to 40% of property price for new homes, 30% for established, households source the rest of finance with as little as 2% deposit. Government holds a part ownership stake in the property, which can be bought out over time.</li>
	<li>Spots: 10,000 ▪ Income cap: $90k for individuals / $120k for couples</li>
	<li>Property price cap: varies by region, from $400k up to $950k ▪ Restricted to owner occupier buyers who don&rsquo;t currently own a property</li>
	<li>Commences from July 2022 Although the scheme is expected to be popular among buyers, Lawless warned anyone considering the scheme should be aware of the risks associated with buying on such a small deposit.</li>
</ul>

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With the housing market probably heading into a downturn over the coming year or years, some buyers may find their home is worth less than the debt held against it.

It&rsquo;s important to know if the government will share in the downside risk if the property is sold while in a negative equity situation.

KeyStart Loans in WA is a good example of what can happen to a shared equity scheme in a declining market. According to the WA government, the portion of KeyStart loan accounts in default did rise between January 2017 and September 2019, from 0.92% to 1.21% of KeyStart accounts, in the midst of a long, large housing downturn across WA.

However, he also added the default rate is still relatively low and the scheme has helped thousands of people into home ownership, saying, the nature of the housing and economic downturn in WA has posed a lot more risk to serviceability than the relatively tight labour market conditions we see in Australia at the moment.

While the Help to Buy scheme will help thousands of Australian&rsquo;s enter the property market, it&rsquo;s only addressing the symptoms of housing affordability rather than aim to actually fix the underlying issues.

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Similar to the First Home Loan Deposit Scheme, the new Labor Government appears to be adjusting from housing affordability solutions to more pragmatic policies that target home ownership, avoiding any downward pressure on housing prices.

It is also worth considering any demand-side incentives can add upward pressure to home prices. For this reason, the limited number of places in this particular scheme, along with price caps and income caps, should help to contain some of the excess demand that could result in upward pressure on prices.

Help to Buy is restricted to Australian&rsquo;s with a taxable income of up to $90,000 for individuals and up to $120,000 for couples. Capped at 10,000, applicants are also required to be Australian citizens and first home buyers.

Regional First Home Buyer Support Scheme 

<ul>
	<li>Government provides a deposit guarantee for regional home buyers with a deposit of at least 5%</li>
	<li>Spots: 10,000</li>
	<li>Income cap: $125k for individuals / $200k for couples</li>
	<li>Property price cap: varies by region, from $350k up to $800k to be reviewed half yearly</li>
	<li>Restricted to owner occupier buyers who haven&rsquo;t previously owned a property and have been living in the region for at least 12 months</li>
	<li>Commences from January 2023</li>
</ul>

[smartcode_project:default project_id=94147 project_image_fid=197738]

The Regional First Home Buyer Support Scheme extends the existing First Home Loan Deposit Scheme by providing an additional 10,000 places specifically for regional first home purchases, providing a guarantee of up to 15 per cent for eligible first home buyers &ndash; so that locals with a&nbsp;five per cent deposit can avoid paying mortgage insurance.

Based on the property price caps, the scheme is likely to be most popular for those buyers targeting a unit purchase, or lower priced regional markets where detached housing values are more affordable.

CoreLogic&rsquo;s analysis of regional Australian suburbs shows roughly one third recorded a median house value equal to or under the Regional First Home Buyer Support Scheme price cap, and 71.1 per cent recorded a median unit value equal to or less than the price cap.

The Labor party notes &lsquo;the housing crisis is hitting regional Australia the hardest&rsquo;, which isn&rsquo;t necessarily true from a purchasing perspective.&quot;

Although regional housing values have risen faster than capital city housing values over the past few years, we are still seeing the dwelling value to household income ratio across regional Australia (a ratio of 7.9 in March 2022) lower than the capitals (a ratio of 8.5).

From a rental perspective, regional renters have been dedicating a larger proportion of their incomes towards rent than the capital cities since 2017.

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Establishment of a National Housing Supply and Affordability Council 

<ul>
	<li>The newly established council would sit within an expanded remit of NHFIC (National Housing Finance and Investment Corporation) renamed Housing Australia. ▪ The council would: ▪ take a leadership role for setting land supply targets (in consultation state and territory governments)</li>
	<li>Establish a housing data warehouse focussed on housing supply, demand and affordability</li>
	<li>Advise on town planning policies and land supply</li>
	<li>Report on government owned land releases, rental affordability, homelessness and the number of new social &amp; affordable homes built annually</li>
	<li>Advise on appropriate housing measures within all current and future City and Regional Deals.</li>
</ul>

[smartcode_project:default project_id=108641 project_image_fid=192963]

Many of the factors contributing to worsening housing affordability, such as insuffficent land release and restirive town planning policies will soon be part of an extended remit for the reframed NHFIC, which would be re-branded as Housing Australia, The expanded role will administer the various government programs, including the Help to Buy scheme, existing deposit guarantee schemes and the Housing Australia Future Fund, as well as take responsibility for the newly created National Housing and Affordability Council and National Housing and Homeless Plan.

Lawless said NHFIC&rsquo;s expanded remit should help to address the issues that make housing unaffordable, while also providing more transparency and reporting about the release of government owned land and helping to steer policies related to social and affordable housing supply.

It was interesting to note Labor intends to fund some of these initiatives by applying higher fees on foreign buyer purchases.

Higher fees and costs associated with foreign buying activity comes after a recent history of substantially higher federal and state-based taxes on this buyer segment. In fact, this may have contributed to foreign buying approvals hitting record lows according to FIRB data.

Further disincentives for foreign buying have the potential to keep foreign purchasing at low levels, which could have a negative outcome on rental supply. Arguably, higher levels of foreign buying activity could help to alleviate the rental crisis Australia is navigating by introducing more rental housing into Australia, given that foreign buyers generally have to buy new homes.

[smartcode_project:default project_id=111979 project_image_fid=194079]

The Housing Australia Future Fund 

<ul>
	<li>A $10 billion initiative with the objective of funding social and affordable housing properties.</li>
	<li>Over the first five years the fund has a goal of building:
	<ul>
		<li>20,000 social housing properties &nbsp;</li>
		<li>10,000 affordable homes for key workers</li>
		<li>$200 million in maintenance/improvements of housing in indigenous communities</li>
		<li>$100 million for transitional housing options supporting women and children in domestic violence situations</li>
		<li>$30 million for housing veterans who are experiencing or at risk of homelessness.</li>
	</ul>
	</li>
</ul>

[smartcode_project:default project_id=90532 project_image_fid=180653]

With the stock of social housing increasing only marginally since 2006, investment in social and affordable housing is long overdue.

While the additional funding and housing support for disadvantaged sectors of the community is welcome, the 30,000 additional dwelling over five years remains insufficient.

A recent report from Brendan Coates at the Grattan Institute noted even with 100,000 extra social housing properties targeted towards people in most need, more than two thirds of low-income Australians would remain in the private rental market where national rents are currently rising at around 9% per annum.

National Housing and Homelessness Plan 

<ul>
	<li>Aims to establish key short, medium and longer term reforms making it easier for Australians to buy a home, rent and provide shelter for homeless Australians.</li>
</ul>

There is little detail so far on this initiative and the plan is yet to be formulated. However, the Labor party has expressed a commitment to working with a broad range of stakeholders including the states and territories, local governments, industry bodies, superannuation funds and other relevant experts on how to address housing, finance and urban development.

Tim Lawless is CoreLogic&#39;s Research Director.

Labor’s Help to Buy scheme will involve an equity contribution from the Federal Government of up to 40 per cent of the purchase price of a new home, and up to 30 per cent for an existing home


tlawless

What a Labor Government means for housing affordability and the Australian property market

For those who love the finer things in life, Urban have taken a closer look at eight of Melbourne&#39;s best&nbsp;luxury apartments.

We think you may love them....&nbsp;&nbsp;

<h2>The Bradford, Kew - 365 Cotham Road, Kew</h2>

[smartcode_project:default project_id=112356 project_image_fid=197077]

The Bradford in Kew presents an opportunity to join the ranks of one of the Melbourne&rsquo;s most exclusive enclaves, with heritage overlays and planning controls limiting obtainability.

Developed by Jafari Property Group with a focus on those looking to downsize without compromising on quality and luxury appointments, The Bradford offers discerning buyers the chance to secure a blue-chip property and enhanced lifestyle, enjoying the area&rsquo;s abundance of amenities and relaxed community atmosphere.

[smartcode_project:default project_id=112356 project_image_fid=197082]

Surrounded by grand estates and mansions and tree-lined thoroughfares, The Bradford comprises 10 luxury residences curated by the highly-regarded Cera Stribley architecture and interior design studio.

Designed over three levels, the building integrates into the surrounding streetscape, cleverly divided into four smaller entities, with generously-proportioned single-level apartments, including two penthouses, ranging from 95 sqm to 227 sqm, with gardens and outdoor terraces from 13 sqm to 148 sqm, which add to the sense of light and space.

<h2>Euroka Toorak - 5 Brookville Road, Toorak</h2>

[smartcode_project:default project_id=109759 project_image_fid=185211]

The Sydney-based developer, Sun Property Group, broke into&nbsp;the Melbourne apartment market with Euroka.

Landing at 5 Brookville Road, Euroka is inspired by Melbourne&rsquo;s iconic Roy Grounds House &ndash; once home to one of Victoria&rsquo;s most influential modern architects.

[smartcode_project:default project_id=109759 project_image_fid=185213]

The renowned architect and design firm,&nbsp;<a data-uw-styling-context="true" href="/architects/carr-design" target="_blank">Carr Design</a>, has created the 10 luxury apartments, which features a robust form, with a gallery-like, three-tiered elevation. Each apartment has been designed with a unique aspect across the three levels.

The theme of Euroka is &lsquo;welcome to the light&rsquo;, with the developer given permission from the Aboriginal Council, Wurundjeri Woi Wurrung Cultural Heritage Aboriginal Corporation, to use the name.

<h2>La Storia - 195 Cardigan Street, Carlton North</h2>

[smartcode_project:default project_id=111979 project_image_fid=194079]

A limited series of just 20 apartments, La Storia&nbsp;is a considered residential building designed to pay homage to both Carlton and Italy.

M3 Design, led by father and son, Frank and Gianni Mancuso, are behind the interiors, delivering a range of three-bedroom apartments within Marcocci Property Group&rsquo;s development.

[smartcode_project:default project_id=111979 project_image_fid=194083]

Each residence prioritises natural light and airflow, with functionality at the heart of each floor plan.

The design has been inspired by the designs of the late legendary&nbsp;Venetian architect Carlo Scarpa with four different&nbsp;residences available; Residenza Lusso, Residenza Centro, Residenza Giardini, and Residenza Allegria.

<h2>Soul Hampton - 14-16 Grenville Street, Hampton</h2>

[smartcode_project:default project_id=93042 project_image_fid=193034]

Differentiating itself from the larger projects on the market in the area, Soul Hampton offers just eight apartments in the Finnis Architecture-designed building, which features a sleek modern exterior blending with lush greenery.

A stone&#39;s throw from Hampton Beach at 14-16 Grenville Street, Soul Hampton is made up of two and three-bedroom apartments, ranging in size from a generous 120 sqm to 181 sqm.

[smartcode_project:default project_id=93042 project_image_fid=197035]

Soul of Hampton isn&rsquo;t just located in one of the most prestigious and luxurious suburbs in Melbourne, it&rsquo;s in the heart of it.

Located on the doorstep of the Sandringham Yacht Club &ndash; Australia&rsquo;s number one yacht club &ndash; Soul apartments have created resort style living, with interiors of natural stone and high-end veneer timber panelling, as well as high-end finishes and Gaggenau appliances.

<h2>Awaken &ndash; Brighton - 30-32 Rooding Street, Brighton</h2>

[smartcode_project:default project_id=30087 project_image_fid=177703]

Offering just 13 three-bedroom residences, Awaken is uniquely positioned in a secluded area of Brighton at 30-32 Rooding Street, but just a short walk to the popular Bay Street.

Partnering with renowned Melbourne architect Travis Walton, Awaken takes a contemporary and restrained approach to bayside luxury living.

[smartcode_project:default project_id=30087 project_image_fid=143715]

Comprising locally-sourced European-style brickwork and contrasting electro-bronze metal detailing, the architectural composition draws focus to the verdant landscape, combining natives and evergreen plants to create softness and seasonal change.

Situated in a uniquely secluded, tree-lined, laneway-style street in Brighton, the project features an equally tranquil garden setting, landscaped by Acre Studio.

<h2>Hawthorn Park - 33 Camberwell Road, Hawthorn East</h2>

[smartcode_project:default project_id=3730 project_image_fid=195894]

Dahua Group&rsquo;s $300 million Hawthorn East apartment development Hawthorn Park is their biggest apartment development in Melbourne to date.

Hawthorn Park is a sophisticated residential mid-rise that is strategically located amongst Hawthorn East&rsquo;s several transport, education, lifestyle and amenity offerings.

[smartcode_project:default project_id=3730 project_image_fid=195900]

Designed by&nbsp;<a aria-label="Rothelowman - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/architects/rothelowman" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/architects/rothelowman$rothelowman">Rothelowman</a>,&nbsp;<a aria-label="Hawthorne Park - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/buildings/hawthorn-park-33-camberwell-road-hawthorn-east" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/new-apartments/hawthorn-park-33-camberwell-road-hawthorn-east$hawthornepark">Hawthorne Park</a>&nbsp;delivers 368&nbsp;one, two and three-bedroom apartments, featuring several amenities, including Melbourne&rsquo;s first suspended sky pool. Theatre rooms, a sky lounge,&nbsp;gym with a yoga and meditation studio and massage suites,&nbsp;hammock lounge, an indoor residents lounge and a garden pavilion are also part of the impressive offerings.&nbsp;

The tower also features over 2000 sqm of parkland curated by acclaimed landscape architect&nbsp;<a aria-label="Jack Merlo - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/news/jack-merlo-sheds-light-on-the-landscape-design-for-hawthorn-park" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/news/jack-merlo-sheds-light-on-the-landscape-design-for-hawthorn-park$jackmerlo">Jack Merlo</a>&nbsp;that bring the&nbsp;Hickory-constructed building to life. One, two and three-bedroom apartments are still available in&nbsp;<a aria-label="Hawthorne Park - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/buildings/hawthorn-park-33-camberwell-road-hawthorn-east" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/new-apartments/hawthorn-park-33-camberwell-road-hawthorn-east$hawthornepark">Hawthorne Park</a>.

<h2>Sky Garden - 235 Springvale Road, Glen Waverley</h2>

[smartcode_project:default project_id=2881 project_image_fid=184595]

Sitting high above the revamped and most sophisticated shopping centre in the East of Melbourne &ndash; The New Glen &ndash; Sky Garden transcends both luxury and location, offering residents the very best in modern living.

Conceptualised by award-winning architects&nbsp;<a aria-label="Rothelowman - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/architects/rothelowman" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/architects/rothelowman$rothelowman">Rothelowman</a>&nbsp;and&nbsp;<a aria-label="DKO Architecture - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/news/dko-architecture-on-the-changing-face-of-hotel-design" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/news/dko-architecture-on-the-changing-face-of-hotel-design$dkoarchitecture">DKO Architecture</a>, Sky Garden offers a range of one and two-bedroom residences that boast panoramic views, from the Dandenong Range across to Melbourne&rsquo;s city skyline.

[smartcode_project:default project_id=2881 project_image_fid=195633]

The towers are individually distinctive while also sharing a design language of flowing lines and timeless materiality across the fa&ccedil;ade.

Sky Garden gets its name from its&nbsp;4,000 sqm outdoor podium garden complete with a relaxation zone, entertainment lounges, vegetable gardens, children&rsquo;s play area, private cabanas and an outdoor fitness area.

<h2>St Boulevard - 601 St Kilda Road, Melbourne</h2>

[smartcode_project:default project_id=1260 project_image_fid=177631]

Landing on the fringe of the Melbourne CBD, St Boulevard is a three-tower project by&nbsp;<a aria-label="the Shakespeare Group - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/developers/the-shakespeare-group" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/developers/shakespeare-group$theshakespearegroup">the Shakespeare Group</a>.

Completed back in 2021, St Boulevard offers an unrepeatable location, located in a prime position on the corner of St Kilda Rd and High Street, and at the southern tip of Albert Park Lake.

[smartcode_project:default project_id=1260 project_image_fid=177965]

Designed by Elenbery-Fraser, St Boulevard still has on offer a mix of two and five-bedroom apartments, with features of long-wrapped balconies and interiors centred on key modes of contemporary living.

St Boulevard offers a multitude of exclusive facilities including, a heated lagoon and lap pool, resort style pavilions, water sunbeds, outdoor barbecue pods, garden seating areas and a children&rsquo;s play area.

For those who love the finer things in life, Urban have selected eight luxury apartments we think you may love.


alisonwarters@gmail.com

Luxury Melbourne apartments you MAY love

The Whitehorse City Council has approved <a href="/developers/vicinity-centres">Vicinity’s</a> $700 million plans to bring to life the first stage of its mixed-use precinct of <a href="/new-apartments/box-hill-central-17-21-market-street-box-hill">Box Hill Central</a>.

Part of a 10-year masterplan, the leading Australian retail property group will transform 5.5 hectares into a&nbsp;mixed-use and retail precinct, with the first stage at&nbsp;17-21 Market Street set to include an office tower, a new town square, and a residential tower which will deliver 366 apartments.

Vicinity’s Chief Development Officer, Carolyn Viney, said the proposed redevelopment of the Box Hill Central precinct will transform the heart of Box Hill into a new, world-class destination for Melbourne.

<a href="/new-apartments/box-hill-central-17-21-market-street-box-hill"><img alt="" data-entity-type="" data-entity-uuid="" height="4000" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/box-hill-central-vic-artist-s-impression-residential-tower.jpg" width="2668" /></a>

“Since plans were submitted, we have worked closely with Council, State Government and the community to ensure that design reflects the site’s rich history and responds to the community’s aspirations and preferences to live, work and play close to home," Viney said.

“Reaching this important milestone makes way for the first stage of development that will create a new east-west pedestrian connection through the town centre which will be complemented by a community plaza and Spanish-steps inspired amphitheatre, a new residential tower for more than 600 residents and commercial office space for 2,000 workers.&nbsp;

“This exciting project reflects our long-term confidence and investment in Box Hill’s future growth and builds on its existing strengths, including its longstanding reputation as a key destination to visit for fresh food and rich dining experiences.”

<a href="/new-apartments/box-hill-central-17-21-market-street-box-hill"><img alt="" data-entity-type="" data-entity-uuid="" height="630" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/box-hill-central-vic-artist-s-impression.jpg" width="970" /></a>

Box Hill Central is set to become one of <a href="/new-apartments/melbourne-vic-3000">Melbourne’s</a> largest private mixed-use developments, with the first stage expected to deliver more than 50,000 sqm of commercial office space, along with 3,350 sqm of new public space. &nbsp;

It will also create new walkways and roads to interconnect to the precinct’s transport, retail, and dining offerings.&nbsp;

Overall, Vicinity says the redevelopment is expected to deliver approximately 2,400 construction jobs during the building phase and more than 6,000 new jobs for the precinct upon completion.

The group commenced construction works at Box Hill Central back in 2021, revitalising one of Melbourne’s busiest shopping centres and transforming it into a fresh and modern market-leading destination.

Vicinity’s Chief Development Officer, Carolyn Viney, said the proposed redevelopment of the Box Hill Central precinct will transform the heart of Box Hill into a new, world-class destination for Melbourne.



Vicinity secures approval for first stage of Box Hill Central redevelopment

Those seeking either a sea change or a lifestyle change have been popular with the new Brighton apartment project, Awaken, currently being created by the luxury developer Skelton Group.

Projects by Buxton Director,&nbsp;Heath Thompson, who is handling the sales, said the majority of buyers so far have come from outside the local area.

&ldquo;A lot of buyers are looking for a sea-change or a lifestyle-change, coming from outer suburbs and away from the bay to a lifestyle where they can walk down to the beach or the local caf&eacute; or train station,&rdquo; he said, adding that one of the most recent buyers has come from Mansfield, in the foothills of the Victorian Alps.

[smartcode_project:default project_id=30087 project_image_fid=143715]

Thompson says Awaken, which is due for completion in spring this year,&nbsp;offers a more realistic entry to&nbsp;Brighton compared to other developments on the market.

&quot;A lot of Brighton has been saturated with big beautiful apartments, which come with a big price point, over $2.5 million plus,&quot; Thompson says.

&quot;Not everyone is selling a $5 million home and downsizing,&quot; Thompson adds, suggesting Awaken caters for a wider type of buyer.

The three-bedroom apartments in Awaken start from $1,395,000.&nbsp;

[smartcode_project:default project_id=30087 project_image_fid=177708]

The&nbsp;luxury offering, now over 60 per cent sold,&nbsp;comprises just 13 three-bedroom apartments. It is located in a quiet&nbsp;area of Brighton at 30-32 Rooding Street, a laneway-style street just a short walk to the popular Bay Street&nbsp;and Martin Street activity centres.

Nearby is Brighton Beach and the famous Bay Trail, refined pubs, lively cafes, and boutique shopping experiences line the streets, offering the ideal blend of city amenities and beach-side lifestyle.

In collaboration with acclaimed Melbourne architect Travis Walton, Awaken takes a contemporary and restrained approach to bayside luxury living, with interiors taking on generous proportions and a palette of natural stone, aged metal and natural oak timber flooring.

[smartcode_project:default project_id=30087 project_image_fid=177706]

Michael Skelton, Founder and Managing Director at Skelton, said they wanted to replicate the success of their nearby Brighton East project, Avenue.

&quot;We brought the same exceptional, proven Bayside team to Awaken and the results speak for themselves&quot;,&nbsp;Skelton said.

Awaken has been landscaped by the well known landscape firm ACRE, who have combined&nbsp;natives, evergreen and flowering plants to deliver visual impact and create seasonal change that blends seamlessly with the suburb&rsquo;s landscape.

[smartcode_project_cta: project_id=30087]

Projects by Buxton Director, Heath Thompson, who is handling the sales, said the majority of buyers so far have come from outside the local area


Sea changers and lifestyle changers popular at Awaken, Brighton apartments

The recently launched Walsh Grange, in Melbourne's Ormond, is drawing attention from everyone, from first home buyers to downsizers.

Projects by Buxton director Heath Thompson says it's due to the uniqueness of the project.

"There's nothing nearby locally that offers such a wide mix of both configurations, price point, and quality of development," Thompson says.

[smartcode_project:default project_id=108897 project_image_fid=180973]

Young families have shown keen interest in the larger three-bedroom apartments, particular the ground-level garden apartments that offer extensive landscaped courtyards, most of which are north facing.

“With Kilvington Grammar just around the corner, along with a host of other schools and parks and family-orientated amenity, we’re expecting to have a number of buyers amalgamate apartments also, to create that bigger space that is taking over the current property market," Thompson adds.

There's a mix of one, two and three-bedroom apartments on offer in the development of just 23 contemporary units.

[smartcode_project:default project_id=108897 project_image_fid=180980]

The project is being developed as a joint venture between CQ Property Developments and Loi Projects. the latter being behind the likes of Arbour Park in Surrey Hills and MaSt in Brighton.

Walsh Grange has been designed by the local architecture studio Telha Clarke&nbsp;to deliver the security of community and the comfort of a private, premium residence.

The modern low-rise building focussing on creating connections to nature through the&nbsp;surrounding gardens and trees.&nbsp;

[smartcode_project:default project_id=108897 project_image_fid=180972]

On the fringes of Brighton and Caulfield, Ormond is well connected to the rest of Melbourne through extensive bus&nbsp;and train network, as well as&nbsp;access to major road networks.

The small pocket in the Glen Eira district has grown substantially, and is&nbsp;now brimming with&nbsp;bustling retail precincts, extensive amenities and education options, as well as having many spacious public parks and gardens, and of course its proximity to Brighton Beach.

Ormond came to life more than 150 years ago, growing with the nearby CBD while still maintaining its community charm of a Bayside lifestyle.

[smartcode_project_cta: project_id=108897]

Melbourne-based architects, Telha Clarke designed the Ormond apartments with the modern low-rise building focussing on creating connections through shared public spaces and surrounding garden and trees. 



How Walsh Grange brings something different to Melbourne's Ormond

Cornus Developments has just launched its latest residential project at 1637 Malvern Road,&nbsp;Glen Iris, with the new project set to be released across two stages.

The first release stage is set to include a collection of one and two-bedroom apartments, starting from $545,000, while the second stage of the release will comprise a handful of two-bedroom residences, along with three-bedroom configurations.

The 42&nbsp;boutique apartments have been designed to cater for the downsizer and first-home buyer, with Cornus bringing their signature style to the Glen Iris development.

[smartcode_project:default project_id=112842 project_image_fid=197660]

The spacious apartments will be fitted with European marble benchtops and splashbacks in all kitchens and bathrooms, along with European oak engineered floorboards, Bosch appliances, Polytec&nbsp;custom joinery, and integrated dishwashers.

Opening out onto generously sized courtyards, residences are open and light, encompassing the Glen Iris charm in the architecture.

Located in the desirable pocket of Glen Iris, residents will enjoy close proximity to public transport and freeway access, as well as being nearby to educational institutes, an array of cafes and eateries and boutique fashion retailers.

&ldquo;As a trusted, reliable and experienced developer we pride ourselves on providing the highest quality homes in an appropriate timeframe with the build expected to take 12 months,&rdquo; said a Cornus spokesperson.

[smartcode_project:default project_id=112842 project_image_fid=197484]

&ldquo;Now is the best time to purchase as the project is in the pre-construction phase and purchasers can capitalise on the maximum off-the-plan stamp duty savings available,&rdquo; they added.

First home buyers purchasing an off-the-plan property in the state of Victoria can qualify for a stamp-duty concession if the home is valued at up to $1 million, until June 30 2023.

A full 100 per cent stamp duty exemption is also available for new residential properties that have been on the market for more than 12 months.

[smartcode_project:default project_id=112842 project_image_fid=197485]

Earlier this year, Cornus&nbsp;completed their <a href="/buildings/cornus-la-frank-362-burwood-highway-burwood">La Frank</a> project located at <a href="/buildings/cornus-la-frank-362-burwood-highway-burwood">362 Burwood Highway, Burwood</a>, as well as their <a href="/buildings/cornus-woodlands-1399-1401-dandenong-road-malvern-east">Woodlands</a> project at <a href="/buildings/cornus-woodlands-1399-1401-dandenong-road-malvern-east">1399 Dandenong Road, Malvern East</a>.

Construction is well underway at <a href="/buildings/cornus-carnegie-1258-glen-huntly-road-carnegie">Cornus Carnegie</a>, which is now over 60 per cent sold, with construction slated to commence soon on the group&#39;s <a href="/buildings/cornus-oakleigh-35-41-dalgety-street-oakleigh">Oakleigh project</a>.&nbsp;

[smartcode_project_cta: project_id=112842]

The 42 boutique apartments have been designed to cater for the downsizer and first-home buyer, with Cornus bringing their signature style to the Glen Iris development.



Cornus Developments launch Glen Iris apartments 

Keystone Property Group are well on track to deliver its latest apartment development, Ovation, in the heart of the burgeoning Footscray area.

Ovation, on the popular&nbsp;Buckley Street, is currently being built by&nbsp;Platinum Construction and will home&nbsp;131 one, two, and three-bedroom apartments just over five kilometres from the Melbourne CBD.

Kavellaris Urban Design (KUD) handled the design of Ovation.

KUD&#39;s&nbsp;Billy Kavellaris said the&nbsp;vision for the Buckley Street development was to honour Footscray&rsquo;s unique architectural character while still establishing a new level of design ingenuity for the area.

[smartcode_project:default project_id=5490 project_image_fid=78492]

&ldquo;Positioned in one of Melbourne&rsquo;s fastest emerging domains, innovation and liveability were of equal importance when designing ovation,&rdquo; Kavellaris said.

The fa&ccedil;ade speaks to the domain&rsquo;s industrial past, exhibiting red brick, concrete and steel, while the building&rsquo;s form is bold in its depiction of recessed voids, distinctive shapes and protrusions.

Bringing a layer of greenery to the development, the landscape design by John Patrick Landscape Architects is integrated tactfully into recesses on the fa&ccedil;ade, juxtaposing the building&rsquo;s-built form with lush, natural beauty.

[smartcode_project:default project_id=5490 project_image_fid=78495]

According to the architects, Ovation&rsquo;s interiors were designed to evoke a homely atmosphere and a sense of familiarity in residents.

Featuring textured timber joinery teamed with oak floors, kitchen bench-tops are appointed with a modern concrete finish, along with brushed-nickel and matte black tap-ware, Bosch appliances and integrated storage.

The interiors of Ovation are also very much defined by what exists outside of the apartments, with full height windows enveloping residences with natural sunlight whilst also providing vistas to the city skyline and surrounding streetscapes.

[smartcode_project:default project_id=5490 project_image_fid=78490]

Level one of Ovation is where the residential amenities are located. The facilities include a lap pool, theatre, and barbecue and dining areas.

On the outskirts of the Melbourne CBD, Footscray is a rare suburb&nbsp;that, while possessing a strong village atmosphere, enjoys connectivity characteristic to that of a city fringe locale.

Located in the heart of Middle Footscray, Ovation reaps all the benefits of this attribute, close to public transport and an exorbitant list of convenient amenity.

[smartcode_project_cta: project_id=5490]

KUD's Billy Kavellaris said the vision for the Buckley Street development was to honour Footscray’s unique architectural character while still establishing a new level of design ingenuity for the area


Keystone Property’s Ovation apartments under-construction in Footscray

Melbourne&#39;s Carlton is set to score a new collection of&nbsp;apartments on the sought-after fringe of the green Carlton Gardens.

The $80 million plans for a 13-level apartment tower and seven townhomes have been lodged by a company associated with Chinese businessman Wang Hau, the chairman of the Nanjing-based conglomerate Jeshing Group.

He paid $20.68 million for the site a 1-23 Rathdowne, on the corner&nbsp;of Rathdowne and Victoria Street, in 2013 from the&nbsp;Anti Cancer Council of Victoria. Currently on the 3,106 sqm block is the old 1970s Cancer Council building and a red brick warehouse.

Previously a much bigger site homed the Coffee Palace building, which was built in 1888. It was demolished after a fire in the late 1960s.

<a href="/new-apartments/1-23-rathdowne-street-carlton">To be notified on the next stage of the development, enquire here.</a>

<a href="/new-apartments/1-23-rathdowne-street-carlton"><img alt="" height="726" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-17_at_9.28.31_am.png" width="902" /></a> 
A c1888 drawing of the original Coffee Palace building. Source: Albert Charles Cooke.

There will be 77 apartments, designed&nbsp;to take in extensive views over the gardens with extensive vision glazing in all living rooms and bedrooms. The majority will be two-bedroom apartments, 42 of them. There will be only a single one-bed apartment, 27 three-bedders, six four-bedroom apartments, and a massive 557 sqm penthouse.

Just seven townhouses will be located on the ground level, a mix of one, two and three-bedrooms.

Residents will have access to private amenity on level one, which will include a pool, gym, yoga, sauna and steam room, and further amenity of two open space terrace areas with seating, a meeting room, and a library.

<a href="/new-apartments/1-23-rathdowne-street-carlton">To be notified on the next stage of the development, enquire here.</a>

<a href="/new-apartments/1-23-rathdowne-street-carlton"><img alt="" height="285" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-17_at_9.42.25_am.png" width="556" /></a>

There will be three office suites totalling around 615 sqm, and a 221 sqm ground floor cafe.

In readiness for Zero Carbon operation the development will be entirely serviced using electricity.

Bates Smart has designed the building to be separated into three distinct volumes that are arranged around a central landscaped forecourt. The two smaller volumes present as podium forms to the street,&nbsp;while the third volume comprising the upper levels &nbsp;is designed &nbsp;as a recessive and neutral element in contrast to the podiums below.

<a href="/new-apartments/1-23-rathdowne-street-carlton">To be notified on the next stage of the development, enquire here.</a>

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&quot;The proposal is envisaged as a collection of stacked objects, with three&nbsp;distinct hierarchies, low, mid and upper,&quot; Bates Smart noted in their design statement submission.

&quot;These three&nbsp;distinct zones are further broken down through scale, form, setbacks and materiality, which respond to each orientation of the site.

&quot;Careful articulation of the facade, breaks these objects down even further and wrap around and inset balconies and recesses provide additional depth to the facade and a play of light and shade.

&quot;A primary fa&ccedil;ade grid is overlaid on the stacked objects and creates an ordered framework, framing balconies, windows and edges. The colour, materiality and texture of the fa&ccedil;ade grid is varied in response to the orientation.&quot;

Bates Smart worked in collaboration with the landscape architecture firm Barber, who in their statement said they&nbsp;landscape response to 1 Rathdowne Street is a unified program in close collaboration with Bates Smart Architects responding to the local context; the surrounding, existing victorian townhouse architecture, their private landscapes and the central urban milieu.

&quot;The landscape responds equally to the performance of landscape in buildings and specifically a tailored response to the proposed architecture and site development,&quot; they noted.

<a href="/new-apartments/1-23-rathdowne-street-carlton">To be notified on the next stage of the development, enquire here.</a>

<a href="/new-apartments/1-23-rathdowne-street-carlton"><img alt="" height="716" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-17_at_9.33.24_am.png" width="1094" /></a>

There is no heritage issues following the heritage impact statement report, however it did note the importance&nbsp;&nbsp;of face brick, bluestone and rendered masonry construction materials within the precinct.

&quot;The proposed material schedule for the building directly references this combination of materials, however reinterprets them in a contemporary manner that ensures they will remain legible as new development,&quot; the report read.

The submission to the City of Melbourne Council noted the 99 walkability score from the development, with everything accessible by foot, as well as solid public transport infrastructure.

First look: New apartments to hit Carlton Gardens

Spacious Group’s latest residential development, Voyage, has been designed by the Melbourne-based Cheah Saw Architecture, who took inspiration from its enviable location in the beachside suburb of Altona.

Located at 102-106 Pier Street, Voyager has an asymmetrical form with refined materiality.

The architecture takes on the surrounding landscape, referencing the natural beauty of Altona, structured with a contemporary edge.

[smartcode_project:default project_id=112195 project_image_fid=192847]

“We wanted to encapsulate the best of living in Altona, by the beach yet with all the conveniences of a bustling retail precinct at your doorstep,” Eugene Cheah and Joanne Saw said.&nbsp;

“By connecting the residences to the memories and experiences of the beach - the reflections and refractions on the water, the dappled light, sea breeze - we wanted these experiences to enhance the rituals of daily living at Voyage, so that residents would always be aware of their beautiful coastal location.”

The layered and textured design is echoed throughout the interiors, creating a sense of unison between the outdoor and indoor spaces with the flow of the living areas benefitting from full-height windows, before opening out onto expansive outdoor spaces.

[smartcode_project:default project_id=112195 project_image_fid=192845]

“We wrapped the building in a translucent screen to give privacy from the street and protect from the weather, whilst still allowing outdoor living year-round," the duo added.

“The glistening sunlight on the waves is translated into the dappled light filtering through perforated screens.

“These outdoor rooms, while still private and protected, mediate between the domestic interior spaces of the residences and the urban context and expansive surrounding coastal landscape."

Tying into the Altona landscape, Voyage is an extension of Pier Street and the Altona Pier out into the bay. The architecture evokes the experiences of the beach close by says Cheah and Saw

[smartcode_project:default project_id=112195 project_image_fid=192849]

“The greenery of the foreshore reserves is echoed in the landscaped courtyard running through the heart of the project.”

The garden is overlooked by the bridges that connects the two residential blocks, raised over the ground floor, it opens up the building to views toward the ocean and envelopes apartments in natural light.

“We’re very excited by the expansive communal garden located in the heart of the project, where residents can relax in their own private oasis whilst taking in the prime views of Voyage’s location.”

[smartcode_project_cta: project_id=112195]

The layered and textured design is echoed throughout the interiors, creating a sense of unison between the outdoor and indoor spaces with the flow of the living areas benefitting from full-height windows, before opening out onto expansive outdoor spaces.



How Cheah Saw Architecture designed the Altona Voyage apartments: Five minutes with Eugene Cheah and Joanne Saw

The streamlined Tower One at Queens Place is now completed, marking the steadfast progress of what is set to become the tallest twin tower development&nbsp;in Australia. The $235m project has been designed by both&nbsp;Fender Katsalidis and Cox Architecture, and a competition-winning design scheme for developer 3L Alliance.

Located near the Queen Victoria Market precinct and Flagstaff Garden, Tower One at Queens Place delivers an urban-scale residential building responding to the site&rsquo;s conditions and to a multitude of the residents&rsquo; needs.

[smartcode_project:default project_id=2806 project_image_fid=197228]

&ldquo;With a rich cultural history right at the foot of the site, the compelling and streamlined design of Queens Place will activate and connect this vibrant new precinct, and complement Melbourne&rsquo;s evolving skyline&rdquo; says Fender Katsalidis director, James Pearce.

&ldquo;The striking towers and podium have the potential to greatly enrich the liveability of Melbourne&rsquo;s CBD by providing residents with a considered masterplan design that places an emphasis on connection to this iconic pocket of the city,&rdquo; he added.

Cox&nbsp;Architecture director Pete Sullivan said that with the understanding that the Queen Victoria Market precinct was set to change, they wanted to generate a design that complements the broader streetscape.

&ldquo;The five-level podium is conceived as a &lsquo;mini-town,&rsquo; with a bustling series of arcades and lanes activated through a mixed-use program,&quot; Sullivan said.

[smartcode_project:default project_id=2806 project_image_fid=197226]

&quot;The podium&rsquo;s design ascends the streamlined tower form with an unembellished fa&ccedil;ade, shaped and sculpted by contextual drivers within and around the unique site.&rdquo;

Responding to the site&rsquo;s exposure to north-westerly winds, the 80-storey Tower One, with its silver curtain wall glazing, has been rounded to capture and reflect light and views into each residential apartment.

The tower is complete with quality amenities and spaces designed to offer residents the potential to optimise their way of living, working and play. Resident socialisation is promoted through communal amenities such as the pool and spa, games rooms, karaoke suite, cinema, library, poker, and mah-jong room.

Breaking up the progression of dwellings, a high-rise lobby at level 51 offers further amenity, including a swimming pool, karaoke, and dining space. Beyond that are the high-rise apartments occupying level 53 to 68.

Through-site connections and unobstructed solar access under the mixed-use podium provide pedestrians with practical accessibility to the surrounds and encourages circulation through the block.

[smartcode_project:default project_id=2806 project_image_fid=197227]

For visitors to the area, the publicly accessible plaza is also emboldened as a space for gathering or as sheltered resting spots.

The multi-level podium enriches the ground plane with new linkages and an enhanced public realm within the Queen Victoria Market precinct.

Intended for a variety of uses, the five-level podium includes retail tenancies, commercial suites, and a childcare centre. The podium and tower form are expressed through contrasting yet complementary materials.

In distinction to the sleek silver tower, the detailed podium is armoured with curvaceous fins and an external terrace interwoven with planters, with the earthy tones and exposed stonework creating&nbsp;a distinctly Melbourne ground-level experience.

[smartcode_project_cta: project_id=2806]

Located near the Queen Victoria Market precinct and Flagstaff Garden, Tower One at Queens Place delivers a gleaming urban-scale residential building responding authentically to the site’s conditions and to a multitude of the residents’ needs.



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