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

Joel Robinson

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

The long-planned transformation of Brisbane's historic Shafston Estate has taken another major step, with Capella Hotel Group announced as the luxury hospitality partner behind what will become Brisbane's first branded residences.

The project, to be known as Capella Residences Brisbane, is being delivered by Verso Projects at the landmark Kangaroo Point riverfront estate, with completion targeted for 2029.

The announcement follows a series of planning changes to the project over recent years. The site was originally approved in 2023 for a 15-level, 37-apartment development designed by Rothelowman for Burgundy Group before Verso Projects took over the 10,070 sqm riverfront holding and lodged revised plans with Kerry Hill Architects to increase the development to a 25-level tower with 51 apartments.

The latest announcement confirms Capella Hotel Group will bring its branded residential offering to the project, marking just the second Capella Residences development globally after Seoul, and the group's first branded residential project in Australia.

The <a href="https://www.apartments.com.au/new-apartments/23-castlebar-street-kangaroo-point-qld-4169">Castlebar Street development</a> will centre around the restoration of the heritage-listed Shafston House, one of Brisbane's oldest residences, originally constructed in 1851 by Reverend Robert Creyke as a single-storey cottage known as Ravenscott.

<img alt="Capella" data-entity-type="file" data-entity-uuid="2b9f4ce5-638f-4d6b-8082-3ca7e4b75fca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-09%20at%207.20.41%E2%80%AFAM.png?VersionId=f7aeqsW_DzOJI4FymWb3lD8NptSfsP7q" />

Capella said the project aligns with its focus on heritage-led developments, with the Brisbane estate combining the restored historic residence with a new luxury apartment tower and hospitality-inspired resident amenities.

Residents will have access to the Capella Living Room, a concierge-led communal space inspired by the group's luxury hotels, alongside landscaped gardens, six swimming pools, wellness and recreation facilities.

The broader estate will also include two riverfront homes, a six-berth private marina, porte cochère arrival experience, secure basement parking and a new section of public riverwalk along the Brisbane River frontage.

The heritage Postal Depot Building will also be retained and repurposed as a guest house, in line with the revised development plans.

The project represents another evolution for the site, which Kerry Hill Architects previously described as a rare opportunity to restore one of Brisbane's most significant heritage estates while creating a new benchmark for apartment living.

"The Shafston Estate provides a once-in-a-generation opportunity to restore one of Brisbane's finest heritage precincts and to reinstate residential use as a unique site perched on the edge of Kangaroo Point," Kerry Hill Architects said in its Urban Context Report accompanying the planning submission.

"The project will celebrate excellence in sub-tropical residential design, setting a new benchmark for vertical living in Brisbane."

Verso Projects, which now has an $8.5 billion development pipeline spanning more than 6,000 dwellings across apartments, townhouses, retail and commercial projects, said the partnership with Capella would elevate the development beyond a traditional residential project.

"We feel honoured to be restoring Shafston Estate to its former glory, elevating it to new heights of luxury and excellence underpinned by Capella's distinctive service ethos and design philosophy, and making it a standout landmark in Brisbane," Verso Projects CEO Steve Laffey said.

"By partnering with Capella, globally recognised for its refined approach to luxury hospitality and deep respect for cultural and historical context, we will elevate this project beyond a residential offering into a world-class destination."

Capella Hotel Group President Roland Fasel said Brisbane's emergence as a global city made it the right location for the company's Australian residential debut.

"Brisbane is a city on the cusp of something remarkable, and Capella Residences is our commitment to being part of that story," Fasel said.

"The Capella residential experience is more than luxury. It is about a sense of belonging to a place with deep meaning."

Private appointments have now opened for the project, with a display suite expected to open in late 2026 ahead of the planned 2029 completion.

Capella to launch Brisbane's first branded residences at Shafston House, Kangaroo Point

Lewis Land's latest apartment release within its <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan is targeting one of the Gold Coast's fastest-growing buyer groups, with almost a third of apartments at Solis priced below $1 million.

The seven-storey building at Biggera Waters will comprise 91 apartments, including 24 one-bedroom residences starting from $778,000, a price point Lewis Land says is aimed squarely at first home buyers struggling to enter the Gold Coast market.

<img alt="Harbour Shires" data-entity-type="file" data-entity-uuid="e7486e37-22f6-4c92-b212-9b0622070b8f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.34%E2%80%AFAM.png?VersionId=W8MJwJUCf6HkIyl_EVSksnd.QI6MZryY" />

<a href="https://www.apartments.com.au/developers/lewis-land-group">Lewis Land</a> Head of Development Michael Long said the developer deliberately allocated a significant proportion of the project to more affordable apartment types.

"First home buyers have been priced out of many parts of the Gold Coast, and we saw a clear opportunity to address this and play our part in a longer-term housing solution," Long said.

"That's why 24 of the 91 apartments being delivered at Solis have been designed and priced for the city's next generation of homeowners, quality one-bedroom apartments, half of which include an additional multipurpose room to maximise space and flexibility.

"This approach places 30 per cent of apartments in Solis under $1 million, and with close proximity to Harbour Town's future light rail extension connecting residents to the city's major employment and knowledge hubs, it's a win for buyers looking to secure their first property."

<img alt="Sores" data-entity-type="file" data-entity-uuid="550526d3-73ba-4710-9739-c5f4294a30ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.29%E2%80%AFAM.png?VersionId=cQQdXHt9wS0UXwZEm5Py5bH_3kAmzyhu" />

Designed by BDA Architecture, Solis will deliver a mix of one, two and three-bedroom apartments, with residences ranging up to 232 sqm. Apartments feature generous balconies and contemporary finishes, while residents will have access to Harbour Shores' lagoon pool, clubhouse, tennis court, gym, yoga studio and sauna.

The focus on first home buyers resonated with purchaser Holly Humphreys, who said she and her boyfriend spent more than a year searching for their first property before shifting their attention from houses to apartments.

"We fell in love with the first house we bid on and got our hopes up, but after repeated knockbacks we learned not to get too attached," Humphreys said.

"We offered at the high end of price guides, but sales kept going even higher. That's where we really struggled and we needed to re-evaluate our budget and our expectations. Standalone houses were off the table, and we pivoted to apartments and townhouses."

Humphreys said it was encouraging to see developers recognising the growing demand from first home buyers.

"There's a growing number of young buyers looking to enter the market earlier because they understand that getting in now can make a real difference as prices continue to rise," she said.

"It's fantastic to see a developer recognise this and then actively take measures to deliver an apartment with us in mind."

Solis is the first development planned within the second stage of the Harbour Shores masterplan, with early works expected to commence in September 2026.

[smartcode_project_cta:default project_id=113271]

Lewis Land targets first home buyers at latest Harbour Shores release, Solis

Luxury apartment developer Abadeen has recorded $19.25 million in apartment sales across two of its Lower North Shore developments in the lead-up to the end of the financial year, headlined by the sale of a $6.75 million penthouse at <a href="https://www.apartments.com.au/buildings/koyo-crows-nest-5-rodborough-avenue-crows-nest-nsw-2065">KOYO in Crows Nest.</a>

The transactions also included the sale of a newly completed three-bedroom apartment at <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences in Cremorne</a> for $6.35 million, with the residence selling shortly after the project's first public inspections following completion.

The sales come as completed, owner-occupier-focused apartments continue to attract strong demand across Sydney's Lower North Shore, particularly from buyers looking for certainty and immediate occupancy.

The penthouse at KOYO spans 491 sqm across a single level and was designed by architect Koichi Takada. The development is one of Abadeen's flagship boutique projects in Crows Nest.

[smartcode_project:default project_id=108800 project_image_fid=370093]

Abadeen Executive Chairman and Founder Justin Brown said buyer activity lifted noticeably in the lead-up to the end of the financial year.

"We saw a clear increase in enquiry levels, inspection numbers and buyer engagement across our completed projects leading into the end of the financial year," Brown said.

"Buyers have become far more decisive over the past six months. The combination of improving confidence, limited supply and the ability to physically inspect completed residences is creating strong competition for premium apartments in the best locations."

Brown says the&nbsp;response to Park Residences following completion has been particularly strong.

"Buyers want certainty and are responding positively to the opportunity to walk through a finished product, inspect the quality firsthand and move in immediately," Brown suggested.

"Projects such as Park Residences and KOYO demonstrate that when the product is exceptional and the location is irreplaceable, buyers are prepared to act quickly."

[smartcode_project:default project_id=114246 project_image_fid=370116]

Abadeen CEO Joe Tack said quality continued to differentiate projects in the current market.

"Today's buyers are incredibly discerning," Tack said.

"They are seeking larger floorplans, premium finishes, walkability, lifestyle amenity and confidence in the developer delivering the project. Well-designed boutique developments continue to outperform because they offer something genuinely difficult to replace.

"The enquiry we are seeing across our completed and recently completed Lower North Shore portfolio is very encouraging, and we expect this momentum to continue into spring."

The sales follow increased enquiry across Abadeen's Lower North Shore portfolio which also includes <a href="https://www.apartments.com.au/buildings/northcote-collective-naremburn-2-northcote-street-naremburn-nsw-2065">Northcote Collective in Naremburn</a> which also completed recently.

KOYO penthouse headlines Abadeen's $19.25 million EOFY sales flurry

The City of Sydney has approved plans for <a href="https://www.apartments.com.au/developers/billbergia">Billbergia Group</a> and Metrics Credit Partners’ $3.5 billion Castlereagh Place project in the heart of the Sydney CBD

The towers will be among the tallest in <a href="https://www.apartments.com.au/developments/sydney-nsw-2000">Sydney</a>'s CBD, with more floors than any other residential tower in the city.&nbsp;

The 6,000 sqm site was acquired by the joint venture partners in 2024. It is the largest amalgamated land parcel in the Sydney CBD and comprises eight individual sites fronting Castlereagh, Pitt and Liverpool Streets.&nbsp;

<a href="https://www.apartments.com.au/new-apartments/castlereagh-place-sydney-324-348-pitt-street-sydney-nsw-2000">Castlereagh Place</a> will transform an underutilised city block into a landmark mixed-use destination, anchored by two 82-storey towers comprising 607 luxury residences above an 8-level podium housing a 209-room luxury hotel. A 1,000 square metre civic park on ground level features a curated mix of food, beverage and retail.

The plans have been refined over the past year to rebalance the residential and hotel offering, and reconfigure the retail footprint to create a stronger, more dynamic dining experience.

A three-level flagship building on the prominent corner of Pitt and Liverpool Streets will be the gateway to the Castlereagh Place lifestyle precinct. Set to become a Sydney icon, the building is capable of housing multiple hospitality venues.

“Castlereagh Place is designed to be the City's next great urban oasis - an energetic mixed-use precinct that pulses with life, day and night,"&nbsp;said Joseph Kinsella, Group Director of Billbergia.

"It will bring the vibrancy of places like Barangaroo and Darling Quarter into a more accessible, central destination at the very heart of Sydney."

Kinsella said the project will build on&nbsp;Sydney’s growing laneway culture with the City’s largest network of new activated lanes - an expanded, next-generation take on precincts like Angel Place, Palings Lane and Ash Street in Wynyard.

[smartcode_project:default project_id=134477 project_image_fid=374401]

Castlereagh Place has been designed by architects <a href="https://www.apartments.com.au/architects/fjc-studio">fjcstudio</a> in collaboration with Trias Studio, Aileen Sage and Polly Harbison Design, joint winners of an international design competition in 2018.&nbsp;

Signature design elements from the original scheme remain unchanged, while the public domain has been significantly enhanced, delivering 60 per cent more open-to-sky space.

Pedestrian access will also be enhanced through new laneways linking Pitt, Liverpool and Castlereagh Streets, drawing people into a new civic park with outdoor seating, landscaping and integrated public art.

With activated laneways supported by strong hospitality offerings, Castlereagh Place is tipped to become a vibrant new dining destination in the heart of Sydney’s CBD.

It marks the largest undertaking to date for the Billbergia and Metrics Credit Partners partnership. Together they are developing other underutilised Sydney sites into mixed-use precincts, including the $2.2 billion Concord Central and the $1.3 billion Chatswood Grand Residences.

Metrics Managing Partner and Group CEO Andrew Lockhart said Castlereagh Place is a landmark project that will redefine Sydney’s skyline.

"As the tallest residential high-rise development, the revitalised site will offer panoramic views across the CBD and surrounds. We are excited to partner with Billbergia to reinvigorate an underutilised site and create a sophisticated and contemporary mixed-use offering situated in the heart of Sydney.”

Total apartments within the towers have increased to 607 dwellings, with a focus on larger floorplans. Aligned to growing market demand, Castlereagh Place now comprises 299 three-plus-bedroom apartments, 198 two-bedroom units and 110 one-bedroom configurations.

[smartcode_project:default project_id=134477 project_image_fid=374402]

Resident amenities will include an exclusive residents club containing a gym, rooftop pool, dining rooms, co-working spaces, library, golf simulator, games room, cinema room, and access to an exclusive concierge service. There will be around 500 basement car spaces below the towers.

The development will also include a state-of-the-art wellness centre, set to feature a bathhouse with magnesium pools, hot/cold plunge pools and premium amenities.

&nbsp;

According to fjcstudio, the towers will feature distinctive yet elegant architectural design reflecting Sydney’s geometry and urban character, with a network of through-site links and intimate public spaces activating the streetscape.

"Castlereagh Place is a city-making project of significant scale and ambition," said Richard Francis-Jones, Design Director at fjcstudio.

"It will create a rich urban complex of public open spaces, landscaped gardens, and vibrant laneways. Defining these new public spaces and the important streetscape of Castlereagh Street is a sequence of fine-grained, diverse retail and hotel architecture designed in collaboration with Aileen Sage, Polly Harbison Design and Trias.

“Rising above the tree-lined, human-scale streetscape are two slender residential towers that will transform the city skyline and look towards the Harbour, Hyde Park, and the Royal Botanic Garden.”

Demolition and early construction works have commenced onsite at Castlereagh Place.

[smartcode_project_cta:default project_id=134477]

Billbergia, Metrics, approved for $3.5 billion Sydney skyscrapers

Melbourne apartments

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.

Located in the tightly-held Sackville Ward, The Bradford beats at the heart of Kew&rsquo;s rich history.

[smartcode_project:default project_id=112356 project_image_fid=197079]

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, each with their own identity to imbue a sense of privacy and individuality according to the developers, connected by a secure lobby.

The generously-proportioned single-level apartments, including two penthouses, range from 95 sqm to 227 sqm, with gardens and outdoor terraces from 13 sqm to 148 sqm adding to the sense of light and space.

[smartcode_project:default project_id=112356 project_image_fid=197093]

Expansive floorplans encompass two or three-bedrooms and up to three-bathrooms and a powder room. Residences also feature sumptuous living spaces leading to private outdoor living areas, with the basement providing storage and dual private parking, with three spaces allocated for each penthouse.

Cera Stribley&rsquo;s signature brick exterior is a nod to the local heritage and neighbouring period dwellings, acknowledging the surrounding context while reinterpreting the past with a restrained and contemporary architectural vision

[smartcode_project:default project_id=112356 project_image_fid=197084]

The exterior combines brick and timber materials to give the building a striking yet delicate aspect, while the visual bulk has been skilfully softened by the fracturing of the buildings into four entities, each articulated differently in its facade expression, colour and texture, to more closely reflect the established character of the neighbouring houses.

Significant landscaping along the building&rsquo;s two street frontages further softens the fa&ccedil;ade, with the ground-floor apartments all enjoying lush gardens, and the terrace landscaping adding to the restrained silhouette.

[smartcode_project_cta: project_id=112356]

Located in the tightly-held Sackville Ward, The Bradford beats at the heart of Kew’s rich history.



alisonwarters@gmail.com

Jafari Property Group launch The Bradford, Kew's latest luxury apartments

The Australian Institute of Architects Awards program offers an opportunity for public and peer recognition of the innovative work of Victorian architects.

The Institute also acknowledge the awards as a valuable mechanism to promote architects and architecture not only within Victoria, but across Australia and internationally also.

The Multiple Housing category honours the best architecture in the multi-residential sector, from the striking high-rise towers that define the city skyline, to low-rise projects and townhouses across the state.

It was no surprise to see the likes of Fender Katsalidis make the list. They had three projects featured; Australia 108, Queens Place, and Paragon. Cox Architecture have two nominations They also worked on Queens Place with FK, and were recognised for the designs of the first stage of Melbourne Square.

We&#39;ve taken a look at some of the nominated projects in more detail.

<h2>Australia 108</h2>

<h2>Developer: World Class Global</h2>

<h2>Architect: Fender Katsalidis&nbsp;</h2>

Developed by World Class Global, Australia 108 is one of Melbourne&#39;s most well known, and well regarded, buildings.

[smartcode_project:default project_id=582 project_image_fid=182857]

Having completed construction toward the end of 2020, the striking tower, offering the highest residences in the Southern Hemisphere, was designed by FK, whose goal was to form a bridge between earth and sky.

With its now signature &quot;gold starburst&quot; on the exterior of the building 60 levels up, no doubt&nbsp;a point to the sky feature from the street, the apartment complex features hotel-quality amenities, including grand lobbies, a ground-floor lounge and porte-coch&eacute;re.

[smartcode_project:default project_id=582 project_image_fid=182879]

Australia 108, on Southbank Boulevard, sits next to Eureka Tower, also talked about as one of&nbsp;Melbourne&#39;s best buildings. That too was&nbsp;designed by the team at&nbsp;Fender Katsalidis.

<h2>Queens Place</h2>

<h2>Developer: 3L Alliance</h2>

<h2>Architect: Cox Architecture &amp; Fender Katsalidis&nbsp;</h2>

The master plan represents a competition-winning design for 3L Alliance, completed as a joint venture between&nbsp;<a aria-label="Fender Katsalidis - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="https://fkaustralia.com/" target="_blank" uw-rm-external-link-id="https://fkaustralia.com/$fenderkatsalidis">Fender Katsalidis</a>&nbsp;and&nbsp;<a aria-label="Cox Architecture - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/architects/cox-architecture" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/architects/cox-architecture-0$coxarchitecture">Cox Architecture</a>.

[smartcode_project:default project_id=2806 project_image_fid=175415]

Conceived as a twin tower development, the design of Tower One features an 80-storey residential building with five-level podium, enriching the ground plane through new linkages and an enhanced public setting within the Queen Victoria Market precinct.

Comprising one, two and three-bedroom apartments, the residences are a collaboration between&nbsp;<a aria-label="Cox Architecture - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/architects/cox-architecture" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/architects/cox-architecture-0$coxarchitecture">Cox Architecture</a>, Fender&nbsp;<a aria-label="Katsalidis Architects - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/architects/fk-australia" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/architects/fender-katsalidis-architects$katsalidisarchitects">Katsalidis Architects</a>&nbsp;and&nbsp;<a aria-label="Hecker Guthrie - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/news/hecker-guthrie-discusses-west-ends-latest-building-the-spencer" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/news/hecker-guthrie-discusses-west-ends-latest-building-the-spencer$heckerguthrie">Hecker Guthrie</a>, offering a choice of finish levels, amenity and view opportunities.

<h2>Melbourne Square (Stage One)</h2>

<h2>Developer:&nbsp;OSK Property&nbsp;</h2>

<h2>Architect: Cox Architecture&nbsp;</h2>

[smartcode_project:default project_id=2929 project_image_fid=139891]

Rising about Melbourne&rsquo;s internationally acclaimed Arts Precinct,&nbsp;<a aria-label="Melbourne Square - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/buildings/melbourne-square-93-119-kavanagh-street-southbank" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/new-apartments/melbourne-square-93-119-kavanagh-street-southbank$melbournesquare">Melbourne Square</a>&nbsp;is at 93-119 Kavanagh Street.

In partnership with&nbsp;<a aria-label="Cox Architecture - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/architects/cox-architecture" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/architects/cox-architecture-0$coxarchitecture">Cox Architecture</a>&nbsp;and&nbsp;<a aria-label="Carr Design - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/architects/carr-design" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/architects/carr-design$carrdesign">Carr Design</a>, OSK Property have delivered a five-acre mixed-development with two residential towers soaring above &ndash; the East and West Tower.

The residences on offer are an array of premium two and three-bedroom apartments and penthouses, alongside a wide range of in-house exclusive amenity.

[smartcode_project:default project_id=2929 project_image_fid=139903]

The contoured terraces of the podium connect to the streets of Southbank across the new gardens, piazzas, caf&eacute;s, retail outlets and supermarket.

Boasting an expansive 14,000 sqm of private and public facilities, the first stage of the&nbsp;<a aria-label="Melbourne Square - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/buildings/melbourne-square-93-119-kavanagh-street-southbank" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/new-apartments/melbourne-square-93-119-kavanagh-street-southbank$melbournesquare">Melbourne Square</a>&nbsp;precinct features a host of considered integrations to encourage an active lifestyle, including a full-line Woolworths supermarket, 3,745 sqm public park and 87-place childcare centre.

<h2 data-uw-styling-context="true">Avenue</h2>

<h2>Developer: Skelton</h2>

<h2>Architect: ADDARC</h2>

Brighton East&rsquo;s luxury townhome collection, Avenue, offers nine three-bedroom residences with Japanese and minimalist influence.

[smartcode_project:default project_id=29935 project_image_fid=90903]

Delivered by Skelton and designed by&nbsp;<a aria-label="ADDARC - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/architects/addarc" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/architects/addarc-0$addarc">ADDARC</a>&nbsp;and&nbsp;<a aria-label="Jack Merlo - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/news/jack-merlo-sheds-light-on-the-landscape-design-for-hawthorn-park" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/news/jack-merlo-sheds-light-on-the-landscape-design-for-hawthorn-park$jackmerlo">Jack Merlo</a>, Avenue offers private balconies, ground-floor courtyards, cascading greenery and bespoke kitchens.

[smartcode_project:default project_id=29935 project_image_fid=90911]

Double glazing, custom bathroom cabinetry and 4.4-metre-high gabled windows also feature within these luxury homes.

<h2>Full list of awardees in the multiple housing category:</h2>

Balfe Park Lane | Kerstin Thompson Architects

Nightingale Ballarat | Breathe

Women&#39;s Property Initiatives Older Women&#39;s Housing | Studio Bright&nbsp;

Australia 108 | Fender Katsalidis

Paragon | Fender Katsalidis&nbsp;

Queens Place | Fender Katsalidis / Cox Architecture

Fitzroy House | Jackson Clements Burrows Architects

Sarah Sands | Jackson Clements Burrows Architects&nbsp;

St Albans Housing | NMBW Architecture Studio in association with Monash Art, Design &amp; Architecture (MADA)

Merri Green | Chamberlain Architects

Terrace House | Austin Maynard Architects

Patrick Walsh Apartments | Allen Kong Architect

Object 07 | Object Subject Architecture

Avenue | ADDARC

231 Napier Street | Edition Office&nbsp;

380 Lonsdale | Elenberg Fraser

Premier Tower | Elenberg Fraser

Eternity Life Apartments | k20 Architecture

Melbourne Square Stage 01 | COX Architecture

17 Union Street | BKK Architects with Clare Cousins Architects

The Multiple Housing category honours the best architecture in the multi-residential sector, from the striking high-rise towers that define the city skyline, to low-rise projects and townhouses across the state.


The multi-residential nominees for the 2022 Victorian Architecture Awards announced

Even before its recent launch to the market, the new Fitzroy apartment development by the&nbsp;local Melbourne developer Outline Projects&nbsp;was a hit with the architecture community.

&quot;We had a number of early enquiries on the apartments from architects and designers given the following Freedman White has,&quot; Outline Projects Sales and Marketing Director Tom Aylward told Urban.

Aylward said when the site was acquired at 131 Smith Street, they said to themselves &quot;who is the best architect for the area and&nbsp;who interprets the Fitzroy lifestyle drivers the best?&quot;

[smartcode_project:default project_id=110365 project_image_fid=197936]

The design-driven developer&nbsp;has a solid reputation for producing striking projects in Fitzroy following their seven townhouses nearby at 44-46 Greeves Street, which were recently nominated for an award in the multiple housing category in the Australian Institute of Architects Architecture Awards for Victoria.

They knew Freedman White would fit their brief: to not create just another cookie-cutter development, and design something that is more a tune to the story of the area.

&quot;We were conscious of the enduring outcome of this site, sitting between two beautiful heritage buildings, so we felt a key outcome was to add to that streetscape and create something that would sit equally among it,&quot; Aylward added.

[smartcode_project:default project_id=110365 project_image_fid=197938]

The first street level facade is in keeping with the surroundings. There&#39;s a more contemporary build set back from the street, which will home the majority of the two and three-bedroom apartments.

There will be ground floor commercial on Smith Street, while residents will be afforded entry to the building both from Smith Street and one from Little Smith Street. Aylward expects the&nbsp;latter to be used the most frequently by owner-occupiers.

[smartcode_project:default project_id=110365 project_image_fid=197935]

&quot;They can enter and exit off the quieter Little Smith St and be a 150m walk to&nbsp;Gertrude Street,&quot; Aylward said.

There&#39;s extensive views on offer, and the sought-after western aspect, with views over Gore Street and Napier, which will never-to-be-built-out, given the heritage overlay, and therefore height control, of the area.

The focus for Outline was on the owner-occupier.

[smartcode_project:default project_id=110365 project_image_fid=197946]

The one-bedroom apartments start from a generous 64 sqm of internal living space, and have their own study area. Aylward expects to net a lot of first home buyers and investors interested in the one-bedroom stock, with owner-occupiers, rightsizers, and downsizers looking at the two and three-bedroom apartments.

There&#39;s already been enquiry come from Collingwood and Fitzroy.

[smartcode_project:default project_id=110365 project_image_fid=197944]

&quot;It&#39;s hard to get anyone out of Fitzroy once they&#39;ve lived in the area,&quot; Aylward says, due to its doorstep convenience, buzz of Smith Street bars, cafes and restaurants, and its extensive tram network to the city.

[smartcode_project_cta: project_id=110365]

The design-driven developer have a solid reputation for producing striking projects in Fitzroy following their seven townhouses nearby at 44-46 Greeves Street

Outline Projects launch 131 Smith Street, Fitzroy apartments

The hotel-style amenity at Yarra One has proven to be one of the biggest drivers in purchasers in the completed South Yarra apartment tower.

Designed by renowned architecture firm&nbsp;Fender Katsalidis, the $250 million development boasts a host of hotel-style amenities including a residents dining room, wine cellar, rooftop terrace with barbecue facilities, a gym, yoga room, outdoor spa, sauna and steam room, pet wash and Tesla car share services.

Acting as the grand entrance to Yarra One, the purpose-designed atrium&nbsp;is a public space for the local community that is truly environmentally sustainable. Built to re-establish human connection to the surroundings with its well-planned design and greenery, the atrium also helps reduce urban heat island and wind tunnel effects.

[smartcode_project:default project_id=3127 project_image_fid=181270]

Yarra One&nbsp;residents will also have access to a 24-hour concierge-style app, where they will be able to book of a number of the services. EcoWorld, in partnership with Scarisbrick International, a Singapore-based company that developed a new concept in luxury retirement living, launched the Lifestyle One app where residents will be offered services including welcoming guests, receiving packages, organising transport or arranging reservations for amenity spaces within the building.

&ldquo;By offering our residents 6-star services 24 hours a day, we aim to further amplify the&nbsp;Yarra One&nbsp;living experience as a beautiful, luxurious home that pampers, comforts, and inspires our residents,&quot; said Yarra One&nbsp;General Manager Jeffrey Ong.

[smartcode_project:default project_id=3127 project_image_fid=181272]

The concierge desk is as luxe as the rest of the building, set in the ground-floor&nbsp;lobby which features a marble block sculpted as a reception desk, framed by elegant brass and bronze detailing. The service, which is a monthly subscription fee, brings a different level of service to residents of all ages,&nbsp;<a aria-label="Yarra One - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/buildings/yarra-one-16-22-claremont-street-south-yarra" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/new-apartments/yarra-one-16-22-claremont-street-south-yarra$yarraone">Yarra One</a>&nbsp;says Ong..

The dining and library spaces were designed to act as a natural extension of the apartments at&nbsp;Yarra One, created with smoked timber floors and soaring double-height ceilings. Residents will have access to communal spaces including the mezzanine cocktail level, the plush lounge, which is situated around an fireplace, or the lush gardens of the rooftop.

With designated spaces with a focus on wellness and helping residents available at&nbsp;Yarra One, buyers can enjoy convenient fitness and relaxation offerings.

[smartcode_project:default project_id=3127 project_image_fid=181997]

The gym on level one looks out onto the residents&rsquo; garden, while the yoga and dance studio connects to the private spa terrace.

Adjacent to the lounge and dining room, the wine room is modelled after a finely detailed cigar box.&nbsp;Designed to reflect the prestige of the bottles contained within, the temperature-controlled room features smoked oak floors, timber joinery and bronze accents.

The fully-completed, ready to move in residences still have a selection of one, two and three-bedroom apartments still available, starting from $470,000.

[smartcode_project_cta: project_id=3127]

The $250 million development boasts a host of resort-style amenities including a residents dining room, wine cellar, rooftop terrace, a gym, yoga room, outdoor spa, sauna and steam room, pet wash and Tesla car share services.



The extensive hotel-style facilities at Yarra One, South Yarra

The Melbourne developer, Spacious Group,&nbsp;has launched their latest residential apartment project in the heart of Altona, in Melbourne's south-west.

Set on 2,000 sqm in the heart of the major activity centre, Voyage will comprise 52 apartments, designed by the local architectural studio, Cheah Saw Architecture.

Cheah Saw says the architecture evokes the experiences of the beach close by.

[smartcode_project:default project_id=112195 project_image_fid=192847]

"The glistening sunlight on the waves is translated into the dappled light filtering through perforated screens," the architectural studio note.

"This sheer envelope contains a layer of terraces, outdoor rooms that are private and protected. These mediate between the domestic interior spaces of the residences and the urban context and expansive surrounding coastal landscape.

"The greenery of the foreshore reserves is echoed in the landscaped courtyard running through the heart of the project.

"Raised over the ground floor, this secluded communal garden opens up the building to views toward the sea and lets sunlight reach all apartments.

"The two blocks are connected by a series of bridges overlooking this shared landscape."

[smartcode_project:default project_id=112195 project_image_fid=192845]

Located at 102-106 Pier Street, Voyage is made up of one, two and three-bedroom apartments, priced from $437,000.

It feature&nbsp;an asymmetrical form with refined materiality, taking on&nbsp;the surrounding landscape, referencing the natural beauty of Altona, structured with a contemporary edge.

The layered and textured design is echoed throughout the interiors, creating a sense of unison between the outdoor and indoor spaces.

A neutral colour palette boasting warm tones and textures has been utilised, with residences featuring timber flooring, Miele appliances, and stone bench tops throughout.

[smartcode_project:default project_id=112195 project_image_fid=192844]

The indoor-outdoor flow of the living areas benefit from full-height windows, allowing an abundance of natural light to filter through the space.

Appointed with high-end appliances and ample storage, the living space has been designed in response to the bayside beauty.

Apartments seamlessly connect to expansive terrace spaces, providing panoramic views to either the bay, Cherry Lake or the CBD.

[smartcode_project:default project_id=112195 project_image_fid=192846]

The Voyage residences sit roughly 13-kilometres south-west of the Melbourne CBD and adjacent to Williamstown.

Within walking distance to public transportation, Altona shopping centre, and Altona beach, residents of Voyager are connected to a plethora of urban amenity.

[smartcode_project_cta: project_id=112195]

Set on 2,000 sqm in the heart of the major activity centre, Voyage will comprise 52 apartments, designed by the local architectural studio, Cheah Saw Architecture.

Spacious Group launch Altona apartment development, Voyage

The Melbourne developer PSP Property Group has secured a sell-out at its One Deanside house and land development in Melbourne&#39;s west.

Some 70 per cent of the estate was snapped up in the first week of launching back in November 2021, with entry level owner-occupiers making up the bulk of the purchasers.

Comprising 130 lots ranging from 300 sqm to 350 sqm across nearly two hectares of land, construction for One Deanside has now commenced, with the promise of a tree-lined, family focussed community 32km from the Melbourne CBD.

<img alt="" height="1414" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/298_3175_one_deanside_-_main_brochure_final_v5.3_230x330mm_fa_print_ol_page_6_1.png" width="1948" /> 
Aerial view of the masterplanned, One Deanside, located West of the Melbourne CBD. Image supplied.&nbsp;

The estate&rsquo;s relative affordability and position within the Deanside growth corridor has been a major attraction to&nbsp;many first home buyers.

With an on-site early learning centre as well as two proposed government and private schools within walking distance, PSP Property Group Director of Sales &amp; Marketing, John McCann said that the amenity in One Deanside and surrounds gives residents all they need within one close-knit community.

&ldquo;We&rsquo;ve been overwhelmed by the sheer demand for the project, having had 90 per cent of the project secured within the first ten weeks of launching last year,&rdquo; said John.

&ldquo;One Deanside has attracted a buyer profile of first home buyers, young families and executives who are seeking to enter the market to raise their families in an intimate neighbourhood, and who are capitalising on a product that represents true value for money.

&ldquo;The community enjoys walking trails, bushland, the neighbouring vantages of Kororoit Creek and plenty of wide-open space, meaning the dream of a home nestled within nature has been realised for many young buyers.&rdquo;

<img alt="" height="1414" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/img_5488.jpeg" width="1801" /> 
PSP Property Group&#39;s project&nbsp;located at 1 Deanside Drive, Deanside. Image supplied.&nbsp;

One Deanside is located 1.5-kilometres from the Western Freeway and close by to the future Outer Metropolitan Ring Road, a 100-kilometres-long high-speed transport link for people and freight in Melbourne&rsquo;s north and west.

&ldquo;It&rsquo;s a highly accessible area with plenty of investment that is seeing the West meet its true potential at a rapid rate.

&quot;The community is located right next to the train station, and with access to the freeway in just minutes it has proved to be an asset for those who want to remain connected while enjoying being tucked away from the hustle and bustle of the CBD.&rdquo;

One Deanside is due for completion in early 2023.

Comprising 130 lots ranging from 300 sqm to 350 sqm across nearly two hectares of land, construction for One Deanside has now commenced, with the promise of a tree-lined, family focussed community just 32km from the Melbourne CBD.



First home buyers drive One Deanside house and land development to sell-out

The bustling inner Melbourne suburb of Richmond is set for a boutique $2.4 million apartment project.

A local development firm has&nbsp;submitted plans to the Yarra City Council&nbsp;for&nbsp;a seven-storey residential building homing&nbsp;just nine apartments.

Designed by Katsifolis Architects, the residences will comprise one studio apartment, six two-bed and two three-bedroom apartments, each with private generously-sized balconies.

&quot;The surrounding Richmond area is currently undergoing a transition from traditionally commercial and industrial land use to a mixed-use urban fabric, with the proposal seeking to fit in with the future urban context, while still maintaining a form that bodes with the current landscape,&quot;&nbsp;Katsifolis noted in their submission.

<img alt="" height="544" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-04-21_at_11.22.18_pm.png" width="1130" />

The light court extending up the eastern side of the building provides cross flow ventilation, sunlight and a private open space for the ground floor apartment, integrating reflective mirrors on the rooftop level to provide additional sunlight to the lower levels, which is a common architectural feature seen across European countries, in higher density urban environments.

The proposal includes a landscaped communal rooftop, adding further residential amenity, split in to two sections.

The northern section encompasses 51 sqm of space and is designated for the use of residents in apartments one through seven. The southern section of the rooftop spans 29 sqm and is exclusively for the residents of apartments eight and nine.

Each terrace is provided with a communal barbecue area, sheltered by a cantilevered roof form, with planter boxes for residents&rsquo; food production, all surrounded by architectural landscaping

The Environmentally Sustainable Design report by SBE Melbourne says the&nbsp;project is a well-conceived example of sustainable inner urban development.&quot;

<img alt="" height="776" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-04-21_at_11.21.56_pm.png" width="624" />

The town planning report by Human Habitat said the proposal considers a residential apartment building of high architectural quality, a high level of internal amenity, and has limited potential for adverse amenity impacts to surrounding properties.

&quot;The proposal seeks to provide higher densities of housing in appropriate location and offer a mix of dwelling sizes and types,&quot; it noted.

&quot;The contemporary architectural-style complements the surrounding area and will provide a benchmark for future development in York Street and the surrounds.

&quot;The building includes innovative implementation of international design techniques such as the use of angled mirrors to provide grater sunlight access to lower levels.&quot;

First look: Richmond set for new boutique apartment development

The ambitious once-in-a-generation plan to transform Chapel Street’s Jam Factory into a world-class retail, residential, hotel and commercial precinct will soon become reality as the City of Stonnington this week approved the project by proponents Newmark Capital, GURNER™ and Qualitas.

The five-tower redevelopment will deliver 18,500 sqm of new retail space, 20,000 sqm of commercial office and 400 residences across 42,020 sqm of residential space, alongside a 5-star 200-room hotel, a cinema upgrade, and a new public realm. GURNER™ CEO Tim Gurner noted the planning approval achieved for the visionary redevelopment as a remarkable effort by all involved, including consultants and the council.

“We’ve been working closely with the project team, as well as council, to deliver something truly world-class – the redevelopment will put Chapel Street back on the map, not only as a retail hub, but as a luxury travel and lifestyle destination as well,” he said.

Touted as the cornerstone of Chapel Street’s future renaissance, the redevelopment will inject more than $800 million into the Victorian economy annually, in addition to over $500 million in construction alone; workers and residents are expected to spend more than $28 million at the precinct annually, while hotel guests will bring in over $12 million every year.

"The overwhelming support for the project speaks to the blue-chip nature of the location, the world class vision of the project team and the combined power of the joint venture. Our fund investment strategy places an unrelenting focus on quality of our partners and quality of real estate, which gives us confidence this vision will soon become a reality,” added Mark Fischer, global head of real estate and co-founder of Qualitas.

Newmark Capital will deliver and retain ownership of the commercial and retail component, while GURNER™ and Qualitas will deliver the luxury residential and hotel component.

&nbsp;

<a data-entity-type="" data-entity-uuid="" href="/new-apartments/500-chapel-street-south-yarra"><img alt="" data-entity-type="" data-entity-uuid="" height="1923" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gurner_jam_factory_residential_tower24.jpg" width="2181" /></a>Rendering of the proposed residential tower at the Jam Factory site. Image supplied.&nbsp;

“This will take everything we have learnt from projects like Hawksburn Place Residences and Saint Moritz and elevate it to a whole new level – this is something that will truly put South Yarra at the upper echelon of world luxury property,” Tim Gurner said.

Designed by Bates Smart, the new masterplan is set to re-ignite the river end of Chapel Street and become a world-class mixed-use precinct.

“Architecturally, the site will exhibit strong sculptural forms, carefully managed massing to optimise light and sun access along with natural materiality responding to the context – the buildings will balance the need for solidity with a delicacy and lightness rarely seen in contemporary residential developments," said&nbsp;Bates Smart managing director, Simon Swaney.

The Lovers Walk laneway will become the main pedestrian link for the new Jam Factory, beckoning both cyclists and pedestrians to enter through to the retail and food and beverage tenancies, before they reach the central plaza and town square that define the project characterised by the heritage chimney, open plaza, and amphitheatre.

Newmark Capital Managing Director Chris Langford said the redevelopment celebrates the Jam Factory’s heritage, unlocking the potential of an iconic site.

“Our vision revitalises the Jam Factory, celebrating its rich character and history. The heritage facade on Chapel Street will be refurbished, bringing back the detail and original character. The laneways will draw people through the precinct, seamlessly integrating with Chapel Street and surrounding areas. It will be a thriving, integrated, shopping, working, living and entertainment precinct, the perfect place to live, work, play and stay. It will be a world-leading shared precinct, an asset for the whole community," he said.&nbsp;

“The new Jam Factory will be a signature, vibrant destination for Melbourne. Permeability will be further boosted by reinstating Turnbull Street, improving accessibility from Chapel Street and through the north-south Bray Lane, which is accessible via Garden Street. The layout of residences will maximise amenity access, both within and outside of the apartment, with generous balconies, natural light, and access to the world-class network of retailers, restaurants, bars, and more.

<a href="/new-apartments/500-chapel-street-south-yarra"><img alt="" data-entity-type="" data-entity-uuid="" height="1773" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gurner_jam_factory_aerial23.jpg" width="2364" /></a>

Aerial shot of the proposed redevelopment of 500 Chapel Street. Image supplied.&nbsp;

Rooftops across the towers will also be utilised, with gardens, private open spaces, panoramic views, and indoor/outdoor areas – residents will have access to 2,700 sqm of indoor common amenity and over 5,000 sqm of outdoor common space on rooftops alone.

The hotel, which occupies the podium floors of the central residential towers, will welcome each guest into a naturally lit lobby with views of the nearby rooftop gardens and beyond, before they arrive in their room. Sitting above a revitalised heritage façade will be an ethereal, curvilinear office building, hosting large floorplates and touchless technology, providing true workplaces of the future. “ The offices will offer every amenity within an ideally located and connected community,” Langford said.

“With stunning views and large floorplates, they represent workplaces of the future. They will boast spectacular views back to the city and the bay, and will hold a special place in the Melbourne skyline,” said Langford.

The development team has spent 12 months working closely with council, reimagining the scheme from its originally permitted use; it will now become a world-class destination with residential towers, a hotel and more community spaces. Lead architects Bates Smart will be joined by Townshend Landscape Architects and Leonard Design Architects, to create a bold and innovative mixed-use precinct. “ All remnant heritage fabric will be retained and restored - streets and lanes will connect the site to the surrounding street network and context.

An active ground plane centred around a large northfacing village square will provide retail experiences, a new easily accessible supermarket and other essentials. When complete, the redevelopment is expected to support 2,282 jobs on a full-time equivalent (FTE) basis, with an estimated 1,286 indirect jobs created as a knock-on effect. Works on the redevelopment are expected to commence when all relevant approvals are secured.

"The team we have assembled for this ambitious project is in a league of its own, and we’re looking forward to commencing works on the site as soon as possible,” Gurner added.

[smartcode_project_cta: project_id=5351]

Gurner gets sign off for Jam Factory precinct on Chapel Street

Private developer DealCorp has&nbsp;completed its $30 million apartment project, MCKN, in the Bayside suburb of&nbsp;McKinnon.

DealCorp’s Executive Chairman, David Kobritz, says MCKN is the highest quality apartment building to be constructed in the area and buyers have appreciated this aspect.

“McKinnon is an incredibly sought after suburb, so we are pleased to be able to deliver much-needed quality apartments at an accessible price point for young families wanting to get into the area.

[smartcode_project:default project_id=4939 project_image_fid=152596]

“With limited apartment stock in McKinnon and no other comparable local projects, MCKN provides a unique point of difference for home hunters looking to move to Melbourne’s south-east."

Designed by revered and distinctive design practice, RITZ&amp;GHOUGASSIAN, MCKN has appealed largely to families wanting to live within the coveted McKinnon Secondary College zone, with the school consistently appearing amongst Victoria’s top performers.

Projects by Buxton director, Heath Thompson, who is managing sales at MCKN added,

“In a time of financial uncertainty, the drawcard of a really strong public school has been a huge pull for buyers who may consider that private schooling is now out of their reach.”

[smartcode_project:default project_id=4939 project_image_fid=195444]

“Now that buyers are able to touch and feel the product, experience the excellent location and with the ground level café and providore set to open shortly, I’m certain the remaining three apartments will not be on the market for long,” he said.

The building’s façade is a bold, textured surface of fluted concrete panels, which guide flourishing plants and young shoots up the exterior.

Inside, natural light streams through floor-to-ceiling windows across natural stone surfaces and platinum-toned fixtures, with each of the residences fitted out with first class Smeg appliances.

At the base of the building, residents will be treated to coffee and eats by the café duo behind Thornbury’s Prior, in what will become their first south-side operation which is set to open in March.

The five-level apartment building is made up of 41 two and three-bedroom apartments and penthouses.

[smartcode_project:default project_id=4939 project_image_fid=195446]

In 2020, DealCorp made a last-minute change to the fourth floor of the project, allowing for additional penthouse residences, to meet the needs of growing demand for larger bayside apartments, as a result of Covid-19.

“We couldn’t be happier with how the project has come together and we’re sure our residents will enjoy living there and love becoming part of the McKinnon community,” Kobritz said.

[smartcode_project_cta: project_id=4939]

Designed by revered and distinctive design practice, Ritz and Ghougassian, MCKN has appealed largely to families wanting to live within the coveted McKinnon Secondary College zone, with the school consistently appearing amongst Victoria’s top performers.



DealCorp complete $30 million McKinnon apartment project, MCKN

Eligible homebuyers can now receive a contribution of up to 25 per cent towards the purchase price of their property in Victoria, reducing their minimum required deposit to five per cent and avoiding the need to pay Lenders Mortgage Insurance.

For eligible Aboriginal or Torres Strait Islander homebuyers, this contribution is up to 35 per cent and the minimum required deposit is three and a half per cent.

<h3>What is the fund?</h3>

The Homebuyer Fund is a shared equity scheme, meaning that the financial contribution from the Homebuyer Fund to the purchase price is made in exchange for a proportional interest, or share in the property.

As the value of the property changes, so too will the value of the Homebuyer Fund&rsquo;s interest in the property. This means the Homebuyer Fund will share in any capital gains proportionate to its interest in the property.

Participants can repay the Homebuyer Fund&rsquo;s interest in their property over time, including through refinancing, using savings, and must do so when the property is sold and in other circumstances.

<h3>Who&rsquo;s eligible?</h3>

To be eligible to participate in the Homebuyer Fund, buyers will need to meet a certain criterion, including like having saved the required minimum deposit of your property price, earn $125,000 or less per annum for individuals, or $200,000 or less per annum for joint applicants, and occupying the purchased property as your principal place of residence.

Buyers will need to meet all of the eligibility requirements and have an approved loan from a participating lender to be eligible for the Homebuyer Fund. Eligible participants must become registered owners of the property they buy.

<h3>What property is eligible toward the fund?</h3>

The property purchased must also be in Metropolitan Melbourne, Geelong or another eligible regional location within Victoria.

The property must be a standard residential property such as a house, townhouse, unit or apartment (vacant land is not eligible) and must be $950,000 or less in Metropolitan Melbourne and Geelong, or $600,000 or less in other eligible regional locations.

The purchase can be for an existing or new property, given a certificate of occupancy has been issued prior to the date of the contract of sale.

The property must also be vacant when purchased or, if under a lease, the lease must expire within 12 months of the acquisition date and the tenants must vacate the property.

<h3>So what&rsquo;s next?</h3>

Buyers will need to gather the required supporting documentation and approach a participating lender.

Once approval has been received for a compliant home loan from a participating lender, the lender will lodge an application for the Homebuyer Fund with the State Revenue Office.

If the application is successful, the buyer will then be granted provisional approval for the Homebuyer Fund, which means a contract of sale for an eligible home must be completed within six months. &nbsp;&nbsp;

Once the property has reached settlement, and as with most settlement transactions in Victoria, the contribution from the Homebuyer Fund will be provided via the independent Electronic Lodgement Network Operator (ELNO) workspace for the settlement of the property, unless alternative arrangements have been negotiated and agreed upon.

To find out more about the fund, visit the Victorian State Revenue Office online, <a href="https://www.sro.vic.gov.au/homebuyer-fund/applying-homebuyer-fund">here</a>.

The Homebuyer Fund is a shared equity scheme, meaning that the financial contribution from the Homebuyer Fund to the purchase price is made in exchange for a proportional interest, or share in the property.



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