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

Joel Robinson

The apartment price gap drawing Sydney buyers west

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

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

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

Melbourne apartments

First home buyers have been eyeing the affordable off-the-plan apartments in Cultivate, the latest development in Heidelberg West by the developer Kincaid.

The prominent architecture firm DKO have designed the apartments, which start from as low as $369,000.

The two-bedroom apartments start from $479,000, over $130,000 less than Heidelberg&nbsp;West&#39;s&nbsp;median two-bedroom apartment price of $610,000.

[smartcode_project:default project_id=628 project_image_fid=174207]

Cultivate, toward the tree-lined top of Bell Street, comprises 146 one, two and three-bedroom apartments across two towers.

Most apartments will offer views to the CBD or Dandenong Ranges. There will be a communal garden on the top of the southern tower and on top of the podium that connects the two towers.

Cultivate has a walkscore of 80, representing a very walkable neighbourhood with easy access to decorated educational institutions like La Trobe University, the RMIT Bundoora Campus, Our Lady of Mercy College, Ivanhoe Grammar School and Ivanhoe Girls&#39; Grammar School.

[smartcode_project:default project_id=628 project_image_fid=178983]

It is located just 12km north east of Melbourne&rsquo;s CBD, which is accessible via a range of public transport options. The conveniently located&nbsp;freeway provides easy access to get out of Melbourne, linking to the&nbsp;Mornington Peninsula and the Yarra Valley winery region, while the Eastern Freeway makes the CBD easily accessible.

The nearby Yarra Valley Parklands offer a diverse range of activity, golf courses, bike paths &amp; canoeing along the Yarra River.

West Heidelberg is part of a National Employment and Innovation Cluster, as identified by the Victorian Planning Authority, and is home to some of Melbourne&rsquo;s largest medical and research centres.

[smartcode_project_cta: project_id=628]

First home buyers have been eyeing the affordable off-the-plan apartments in Cultivate, beating out much of the established competitors in Heidelberg West

jordan_55689

Kincaid offering first home buyer entry to Heidelberg West, with affordable Cultivate apartment development

The developer&nbsp;EcoWorld International Australia has taken looking after its residents to another level at its recently completed Yarra One apartment tower in South Yarra.

EcoWorld, in partnership with Scarisbrick International, a Singapore-based company that developed a new concept in luxury retirement living, has launched Lifestyle One, an all-round app which allows residents to do everything from making&nbsp;massage appointments to hiring a butler.

The service, which is a monthly subscription fee, brings a different level of service to residents of all ages,&nbsp;Yarra One General Manager Jeffrey Ong says.

&ldquo;By offering our residents 6-star services 24 hours a day, we aim to further amplify the Yarra One living experience as a beautiful, luxurious home that pampers, comforts, and inspires our residents,&quot; Ong says.

[smartcode_project:default project_id=3127 project_image_fid=31092]

&ldquo;People often associate apartment living with a compromised lifestyle, but our vision is to provide residents both convenience and lifestyle under one roof.

&ldquo;EcoWorld is excited to be one of the first developers to bring apartment residents a premium resort lifestyle in Australia and hopes to explore similar initiatives for future projects.&rdquo;

Yarra One, on Claremont Street, was designed by&nbsp;Fender Katsalidis and completed its construction last December.

[smartcode_project:default project_id=3127 project_image_fid=31085]

There are 247 one, two and three-bedroom apartments, as well as three penthouses.

The project boasts a wide range of amenities including a wellness precinct equipped with a gymnasium, outdoor spa, dance studio and yoga room; a resident dining room, library and wine cellar; Tesla car-share and pet wash facilities.

The Lifestyle One app allows residents to book:

<ul>
	<li>Butler</li>
	<li>In-Residence Dining</li>
	<li>Housekeeping</li>
	<li>Laundry</li>
	<li>Concierge</li>
	<li>Nurses and Caregivers (attendance in residence)</li>
	<li>Massage</li>
	<li>Personal Trainer (gym, swimming, water aerobics and yoga)</li>
	<li>Pet Services (grooming and walking)</li>
	<li>Beauty Salon Services (hair, nails and skin treatments)</li>
</ul>

[smartcode_project_cta: project_id=3127]

Yarra One, on Claremont Street, was designed by Fender Katsalidis and completed its construction last December

EcoWorld in Australian first, launching six star, 24-hour app at Yarra One, South Yarra apartments

The Melbourne developer, Caydon Property, are offering a number of different floor plans for buyers to choose from at their new Preston apartment development, Due North.

There are five different configurations currently available across the 107 one, two and three-bedroom apartments, spread over the 12-level High Street building.

All the three-bedroom apartments have been snapped up.

Due North is crowned by a luxury rooftop space and features a co-working area and three street level retail spaces.

Caydon&#39;s in-house design team designed Due North, with sustainable architecture, with each apartments possessing a 6.5 Star Energy Rating from NABERS.

[smartcode_project:default project_id=5502 project_image_fid=155335]

Urban has taken a closer look at some of the floorplan configurations left at Due North, located only 20 minutes away from the Melbourne CBD and within walking distance from Raglan Street.

1. The 57 sqm, one-bedroom apartments 
Priced from $482,000

<a href="/buildings/due-north-preston-70-82-high-street-preston"><img alt="" height="510" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-09-13_at_1.01.09_am.png" width="696" /></a>

The one-bedroom apartments with a built-in home office area at Due North start from 57 sqm and feature&nbsp;an open-plan living and dining area and an L-shaped kitchen.

[smartcode_project:default project_id=5502 project_image_fid=155340]

Kitchens feature reconstituted stone benchtops and splashback, with the choice between two colour schemes, a matte charcoal scheme and a light oyster grey scheme.

There&#39;s a further&nbsp;11 sqm balcony.

2. The 74 sqm, two-bedroom apartments 
Priced from $605,710

<a href="/buildings/due-north-preston-70-82-high-street-preston"><img alt="" height="490" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-09-13_at_1.01.22_am.png" width="680" /></a>

Residents have a number of different floorplans to choose from across the&nbsp;61 two-bedroom, two-bathroom apartments on offer.

Offered with a car space, one of the&nbsp;two-bedroom apartment floorplans has&nbsp;74 sqm and features&nbsp;a master bedroom with ensuite and built-in robes.

[smartcode_project:default project_id=5502 project_image_fid=155333]

The home, which includes a 10 sqm balcony and an open-plan living and dining area, has floor-to-ceiling windows, timber flooring and Baumatic appliances.

There is an option to upgrade appliances to Smeg, as well as elevate your living with a choice of larger balcony, island bench with breakfast bar or add a second parking space.

3. The 82&nbsp;sqm, two-bedroom apartments 
Priced from $729,906

<a href="/buildings/due-north-preston-70-82-high-street-preston"><img alt="" height="602" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-09-13_at_1.01.43_am.png" width="802" /></a>

The largest apartments on offer at Due North are 82&nbsp;sqm, and have two bedrooms, set privately on the opposite sides of the apartments, and a home office space.

[smartcode_project:default project_id=5502 project_image_fid=155332]

The apartments&nbsp;also have&nbsp;a 25 sqm, north-facing balcony that runs the full length of the apartment, opening out from the&nbsp;both the living space and master bedroom.

These apartments come with two parking spaces.

[smartcode_project_cta: project_id=5502]

Urban takes a look at three floorplan configurations that characterise the living experience at Due North

max.kwok_55688

Floorplan focus: Caydon Property offer buyers multiple configurations at Due North, Preston apartments

Hive Properties&rsquo; latest Melbourne development, The Gratis, is a collection of 12 three-bedroom residences in the leafy suburb of Deepdene.

Designed by Embrace Architects and Adele Bates, each apartment encapsulates elegance, style and timeless design.

The project features open-plan living spaces, freestanding baths, ample storage and landscaping by Jack Merlo, offering an ideal setting to entertain or unwind in the home&rsquo;s various living spaces.

[smartcode_project:default project_id=7337 project_image_fid=170639]

Flooded with natural light and luxurious finishes, the Gratis makes each home a private sanctuary.

Still unsure? Urban takes a look at six reasons why buying in Melbourne&#39;s&nbsp;Deepdene could be a smart move.

1. The lush, green setting

<img alt="" height="774" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-09-07_at_3.26.24_pm.png" width="1146" />

Residents have convenient access to green spaces in the picturesque eastern suburb of Deepdene, including recreational playing fields, cycle paths, and lively playgrounds.

Promoting an active lifestyle, the Gratis is surrounded by Deepdene Park, Belmont Park, Reservoir Reserve, and Balwyn Park.

2. Deepdene&rsquo;s property value is trending up

The exclusive suburb of Deepdene is the backdrop for The Gratis, where residents are connected to green open spaces and leafy streets.

Deepdene is also seeing a recovery trend with units seeing a 2.2 per cent per annum increase in asking prices over the last three years, according to SQM Research.

3. Great culinary destination

[smartcode_project:default project_id=7337 project_image_fid=170641]

&ldquo;[It is] an easy trip to a variety of fantastic eateries on Whitehorse Road and Cotham Road, from gourmet pizza and pasta to a delicious brunch fare&rdquo;, the project marketing read.

The lively Glenferrie Road is also dotted with trendy cafes and eateries, contemporary restaurants and great dishes.

4. Convenient shopping and retail

The shopping routine is made easy for residents of the Gratis thanks to its close proximity to both Camberwell Junction and Kew Junction shopping areas.

A wealth of shopping and eating destinations are available, including Leo&rsquo;s Fine Food Supermarket, Toscano&rsquo;s, and The Camberwell Place Shopping Centre.

5. Lifestyle offerings

<img alt="" height="860" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-09-07_at_3.26.40_pm.png" width="1204" />

Deepdene and the surrounding areas deliver a number of leisure and recreation attractions, such as the Kew Golf Club, Studley Park Golf Course, and Yarra Bend Golf Club only moments away.

&ldquo;Movie lovers will also adore having the Balwyn Palace Cinema and Rivoli Cinemas in close proximity&rdquo;, the developers said.

6. Premier schooling

Some of Melbourne&rsquo;s most sought-after public and private schools are just moments from the residence, making The Gratis a superb destination for families.

These renowned schools include Camberwell Grammar School, Camber-well Girls Grammar School, Genazzano FCJ College, Carey Grammar School, Methodist Ladies&rsquo; College, and Deepdene Primary School.

[smartcode_project_cta: project_id=7337]

Urban takes a look at six reasons why buying in Melbourne's Deepdene could be a smart move

Six reasons why buying in Melbourne's Deepdene could be a smart move

Nestled in one of Melbourne&rsquo;s most prestigious and leafy inner-city suburbs, The Gratis delivers twelve unique and considered residences in Deepdene.

The boutique development defines luxury, elegance, and unbridled sophistication, guided by Embrace Architects&rsquo; architectural vision.

[smartcode_project:default project_id=7337 project_image_fid=170639]

Each residence places a premium on first-class quality, the finest fittings and fixtures, and uncompromising attention to detail.

The penthouse apartment, a three-bedroom two-bathroom residence situated on Burke Road boasts a generous living zone complemented by bespoke oak flooring.

<img alt="" height="589" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/the_gratis_floorplan_.jpg" width="1200" />

&ldquo;This everyday space will be a genuine pleasure to relax in day and night&rdquo;, said interior designer, Adele Bates.

Set over a total area of 281sqm, the one-storey apartment features full windows, a separate laundry and two terraces complemented by Jack Merlo landscaping.

The home&rsquo;s bathrooms and ensuites are fitted with gun metal-finished tapware and include rain showers, freestanding baths, natural marble vanities, and fluted glass screen doors to the shower.

[smartcode_project:default project_id=7337 project_image_fid=170644]

&ldquo;[It is] the ideal space to refresh and energise&rdquo;, the project marketing claimed.

Residents will also find immaculate attention to detail in the Gratis&rsquo; exterior fa&ccedil;ade, with metal and natural stone cladding the home.

A unique LED backlit garage door plate is also included within the spacious garage as well as fantastic storage options.

[smartcode_project:default project_id=7337 project_image_fid=170645]

The layout features two study nooks that are built into the design and an east-facing aspect.

Luxury features that are available in the penthouse design include a Molteni&amp;C Gliss Master walk-in closet, designed by Vincent Van Duysen, as well as a Liebherr built-in wine cabinet.

Kitchens are furnished with premium V-Zug appliances, brass accents and a cocktail bar with a Zip Hydrotap upon request.

[smartcode_project:default project_id=7337 project_image_fid=170642]

This luxurious and oversized apartment possesses an uncompromising attitude when it comes to designer residential living.

A modern Escea fireplace and handcrafted tiling act as the centrepieces of the living area, while the large freestanding bathtub is the highlight of the bathroom.

This penthouse residence also includes underfloor heating and, in the master bedroom, under tile heating.

About the developer

Hive Properties pride themselves on their attention to detail and their ability to build and develop luxury residences.

Much like each home at The Gratis is unique, Hive understands that the buyer journey is too. The process for their clients has been tailored to their needs to ensure that they create an inclusive and positive experience.

At Hive, residents deal directly with the design development and construction team so that residents can feel secure in their investment.

[smartcode_project_cta: project_id=7337]

Nestled in one of Melbourne’s most prestigious and leafy inner-city suburbs, The Gratis delivers twelve unique and considered residences in Deepdene

Take a look: The luxury Deepdene apartment development The Gratis, one of the suburb's best

Box Hill is a thriving suburb just 14 kilometres east of Melbourne. The suburb is&nbsp;set to undergo expansive growth and development over the coming years, due to its crowning as a Metropolitan Activity Centre.

A major transportation hub for Melbourne&#39;s eastern suburbs, Box Hill is home to one of the city&#39;s busiest train stations, located beneath Box Hill Central. It is also served by the route 109 tram and numerous bus routes.

Retail is also plentiful with Box Hill Central. It was 2007 when two shopping centres merged to create Box Hill Central, which is integrated with a bus interchange and the Box Hill railway station.

Prices start from as low as $395,000&nbsp;at some of the current developments on the market in Box Hill,&nbsp;well below Melbourne&#39;s median of $610,000, as calculated by CoreLogic.

As the suburb&rsquo;s cultural diversity and growing appeal have made it one of the more desirable places to live in Melbourne&#39;s east, Urban has taken a deeper dive into some of the best apartment developments set for Box Hill.

<h2>1. Spring Street</h2>

One-bedroom apartments starting from $395,000

[smartcode_project:default project_id=100675 project_image_fid=170528]

Investors and first home buyers have both been attracted to Spring St, the newest mixed-use development slated for Box Hill.

The low price point in the project, the first in Box Hill designed by the renowned architecture firm Elenberg Fraser, has both investors and first home buyers keeping their eyes peeled.

Set in a quiet and leafy area in the bustling heart of Box Hill, Spring St provides convenient public transport, with the 109 tram, trains and buses nearby, as well as local shops and cafes. The ground level of Spring St will also home a number of retail and dining options.

Within a few hundred metres is the Box Hill RSL and Bowls Club, which meets Box Hill Gardens, a one kilometre urban park with sports courts, a running track, barbecue areas, ponds, and a playground.

The development of 312 apartments will also feature a 25 metre pool with spa, a sauna, gym,&nbsp;yoga room and more. Completion is set for 2024.

<a href="/news/vic/why-spring-st-box-hill-apartments-are-attracting-both-first-home-buyers-and-investors">Read more:&nbsp;Why Spring St, Box Hill apartments are attracting both first home buyers and investors</a>

<h2>2. Prospect apartments</h2>

One-bedroom apartments starting from $422,370

[smartcode_project:default project_id=3516 project_image_fid=153753]

With hotel-style amenities, a vibrant community and contemporary design, Prospect Apartments&nbsp;is one of R&amp;F Property&rsquo;s latest multi-residential projects.&nbsp;

Situated at 9 Prospect Street, Prospect Apartments will home&nbsp;193 apartments in one, two and three-bedroom configurations. Designed by Hayball, the exterior boasts an elegant and refined form with a poised glass fa&ccedil;ade.

Each apartment offers residents a choice between an East Scheme and West Scheme, each offering unique design perspectives that present a calming family space. Among the project&rsquo;s numerous amenities are a porte-coch&egrave;rre, pool gym and concierge service.

Prospect is expected to reach completion in 2022.

<h2>3. The Parade</h2>

One-bedroom apartments starting from $465,000

[smartcode_project:default project_id=3194 project_image_fid=25875]

Recently completed is the boutique apartment development The Parade, also designed by&nbsp;Hayball.

Comprising just 58 one and two-bedroom residences across 12 floors, The Parade&#39;s&nbsp;signature cascading facade gives the ability to deliver larger than average balconies with uninterrupted sky views, as well as light-filled living spaces across a number of different floorplans.&nbsp;

Designed with the latest environmental standards, The Parade incorporates sustainable materials and the harvesting of rainwater and sunlight,&nbsp;a benchmark and&nbsp;example for further Box Hill development.

Prices start from as low as $395,000 at some of the current developments on the market in Box Hill, well below Melbourne's median of $610,000


The best of Box Hill: The top three apartments on the market in Box Hill right now

St Boulevard is the latest residential development by The Shakespeare Group, located in a prime position on the corner of St Kilda Rd and High Street, and at the southern tip of Albert Park Lake.

St Boulevard, made up of three towers&nbsp;Magnolia, Anaca and Ginko, puts residents on the fringes of Albert and Fawkner Parks, and a short stroll to the eclectic St Kilda and Prahran precincts.

Shakespeare Group described the development as being set&nbsp;between a concrete jungle and a bohemian hub, with some of the unique&nbsp;boutiques and restaurants lining Fitzroy and Acland Streets just a few minutes away.

The development is centered around a lush garden with the building&#39;s namesake tree&#39;s at the fore linking to interior amenity and facilities.

[smartcode_project:default project_id=1260 project_image_fid=80580]

St Boulevard is within walking distance to Albert Park to the west and the Royal Botanic Gardens to the east, with many apartments holding views over the green landscape. The&nbsp;parklands are described as&nbsp;Melbourne&rsquo;s green lungs,&nbsp;with access to the winding Yarra River trails and waterways&nbsp;for residents to explore.

Just across the Yarra is the Melbourne sports precinct, home to the MCG,&nbsp;Rod Laver Arena, Hisense Arena and AAMI Park.

Some of Melbourne&rsquo;s best cultural and entertainment venues are close by&nbsp;as it&#39;s not far from the heart of&nbsp;Melbourne&rsquo;s arts precinct. That includes the Shrine of Remembrance,&nbsp;Malthouse Theatre, NGV and&nbsp;ACCA.

[smartcode_project:default project_id=1260 project_image_fid=173493]

For those looking for more than just a stroll, other exercise options include the Tennis World Albert Reserve,&nbsp;Fawkner Park Tennis Court, Albert Park Golf Courses and many gyms, including the one on offer exclusively to residents at&nbsp;St Boulevard.

After sweating it out enjoy some of the best food Melbourne has to offer on High Street, Putt Road and Flinders Street, home to such classics like&nbsp;The Kettle Black,&nbsp;Entrecote,&nbsp;Hunters Kitchen &amp; Bar,&nbsp;Bistro Gitan, The Emerson, France-Soir, Prahran Market and many many more.

[smartcode_project_cta: project_id=1260]

St Boulevard, made up of three towers Magnolia, Anaca and Ginko, puts residents on the fringes of Albert and Fawkner Parks, and a short stroll to the eclectic St Kilda and Prahran precincts

Why St Boulevard's St Kilda Road location can not be repeated

Developments across the country, particularly those in Melbourne, Sydney and Queensland, are gearing up for one of their busiest periods from the launch of spring in the lead up to Christmas.

Last December saw&nbsp;the pent up sales demand released, as face-to-face appointments became available again, and 2021 feels like deja vu, with the added driver that international borders may be open by Christmas, or not soon after.

That will bring in the next wave of buyers, the local and overseas investor, who have been sitting on their hands for the most of 2021 due to the lack of immigration to Australia.

Now with the expectation of international students, expats returning to Australia, and more flexible travel between states, experts believe sales across Australia&#39;s East Coast will jump during the final quarter of 2021.

Noorden Property director David Lamond&nbsp;says there are parallels between the lighter restrictions experienced in Victoria at the end of last year and what we expect to unfold this year.

&quot;There was pent up demand last year when Melbourne came out of lockdown in December. We&#39;ve survived economic collapse, and real estate as an asset class has been one of the safest bets over the last 18 months,&quot; Lamond says.

[smartcode_project:default project_id=29048 project_image_fid=151677]

&quot;Despite the ongoing lockdowns, Australia has still come out of the pandemic as one of the safest countries to handle the virus.&quot;

Lamond says that&#39;s only going to increase heading in to summer, with the recent announcement that borders are likely to open potentially as early as Christmas.

Ash Bramich, the sales and marketing manager at Pace Development Group, says that while&nbsp;Covid has affected many financially, there is still so many buyers who are either not affected or wanting to get on with their life, which can include investing, first home buying, upsizing and downsizing.

&quot;There is no doubt the market continues to surprise us,&quot; Bramich says.

&quot;Many experts forget that rising home equity, a strong share market and historically low rates has created significant wealth for many Australians. This, combined with FOMO and covid influencing factors,&nbsp;is fuelling demand in many housing markets.&quot;

[smartcode_project:default project_id=7211 project_image_fid=144443]

Bramich says a wide variety of demographics&nbsp;represent the off the plan market, with&nbsp;sales and anecdotal evidence strongly suggesting that first home buyers&nbsp;are coming back to the off the plan arena,&nbsp;as it starts to represent great value compared to the strong established market.

He says downsizers from an ageing population, as well as lifestyle/Covid factors, are driving strong demand for spacious owner occupier size apartments, preferably in boutique buildings with strong lifestyle/community and rich amenity.

&quot;Many are using left over proceeds and driving price gains in holiday hot spots, especially in Queensland and warmer climate markets.&quot;

Growland CEO Ronald Chan says the housing market is definitely warming up as we approach the release from lockdown.

[smartcode_project:default project_id=1187 project_image_fid=80711]

&quot;Our enquiries for Victoria Square and Neue Grand increased by 30\ per cent&nbsp;over the last two weeks,&quot; Chan noted.

&quot;Buyers expressed strong interest to inspect our display suite once one-on-one inspection is allowed.&quot;

Sales and anecdotal evidence is strongly suggesting that first home buyers are coming back to off the plan market, as it starts to represent great value compared to the strong established market.



Buyer demand expected to spike in count down from Spring to Christmas 2021

The Melbourne property developer and construction firm BCentral are rubber-stamping their reputation of delivering what they promised when selling their off the plan apartment developments.

They recently completed&nbsp;ALIA in the bayside McKinnon area, and the development, particularly the kitchen, look identical to the renders offered to buyers when the sales launched last year.

Below is an example of how alike the render and finished product of the kitchen are,&nbsp;created by the interior design studio ZUNICA.

<figure><img alt="" class="image-article-full-width-580px" height="580" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/alia-kitchen.jpg?itok=b-B33IPG" width="580" />

<figcaption>Top Image - Render of kitchen. Bottom Image - Finished product of kitchen.</figcaption>
</figure>

ALIA was a collaborative effort by ZUNICA, Perkins Architects, and Bruce Henderson Architects.&nbsp;

Prior to the launch of the apartments last year, the full-floor penthouse sold for nearly $2 million, setting a suburb record for an apartment. A number of the sub-penthouses sold for over $1 million.

BCentral founder Tal Goldman told Urban when sales launched that ALIA was perfect for anyone searching for a premium home&nbsp;with&nbsp;world-class amenity.

<figure><img alt="" class="image-article-full-width-580px" height="580" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/aliarender-vs-reality-portraitstack.jpg?itok=eT5nvRiF" width="580" /> 
Top Image - Render of Alia exterior. Bottom Image - Finished Alia exterior.</figure>

&ldquo;This project is so special when it comes to multi-residential living - we have ensured each floor plan is expansive and light-filled, offering that perfect balance of comfort and functionality,&quot; Goldman said.

&quot;Our mantra from day one, was to create the very best residential project McKinnon has been presented with. We focus on doing things right and the results have followed. It is extremely satisfying for the whole development team to have achieved such a lofty goal.&rdquo;

<figure><img alt="" class="image-article-full-width-580px" height="580" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/alia-bathroom.jpg?itok=_cNeA7_Y" width="580" /> 
Left Image - Render of bathroom. Right Image - Finished bathroom product.</figure>

ALIA is now McKinnon&#39;s tallest multi-residential building, with a&nbsp;northerly aspect and views of the city skyline, bay and Dandenong Ranges.

There are only three-bedroom apartments left in ALIA, priced from $1.24 million.

[smartcode_project:default project_id=24686 project_image_fid=50138]

Another of BCENTRAL&#39;s latest developments, their equally boutique Bayside apartment project Southbay in Cheltenham, recently completed construction.

<figure><img alt="" class="image-article-full-width-580px" height="580" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/render-vs-reality-exterior-street-portraitstack.png?itok=x-NYo0gJ" width="580" />

<figcaption>Top Image: Render of Southbay Exterior. Bottom Image: Finished Southbay Exterior.</figcaption>
</figure>

The sold-out development, designed by the architect Mould Murray, comprises 28 one, two and three-bedroom apartments, including penthouse-style apartments and&nbsp;oversized outdoor courtyards and terraces.&nbsp;

<figure><img alt="" class="image-article-full-width-580px" height="327" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/render-vs-reality-southbay-entrance-landscape.png?itok=zvR6QvZH" width="580" />

<figcaption>Left Image: Render of Southbay Entrance. Right Image: Finished Southbay Entrance.</figcaption>
</figure>

BCENTRAL&#39;s&nbsp;latest development is Cascade in Bentleigh at 27 Bent Street, a boutique collection of 31 two and three-bedroom apartments starting from $630,000.

[smartcode_project:default project_id=4592 project_image_fid=45162]

The Bent Street project, slated for completion around April 2022, has been designed&nbsp;by the awarded&nbsp;CBG Architects.

Spanning four levels, Cascade is set to have a&nbsp;6-star energy rating and open plan living spaces that flow out to private balconies or gardens

[smartcode_project:default project_id=3744]

ALIA is now McKinnon's tallest multi-residential building, with a northerly aspect and views of the city skyline, bay and Dandenong Ranges

Render v reality: How BCENTRAL's finished apartments stack up against its plans

There's no slowing down the&nbsp;rapidly active apartment developer GURNERTM, who is continuing to bolster its $7 billion pipeline.

Their latest play, following the announcement of the <a href="/news/qld/first-look-exclusive-gurner-reveals-1-25-billion-four-tower-surfers-paradise-apartment-development-la-pelago">$1.25 billion plans in Surfers Paradise</a>, is back on their home patch of Melbourne.

GURNER, led by the renowned developer Tim Gurner, has secured a site at 334 City Road in Southbank, and plans a $250 million, 40-level tower, which will have 400 apartments, ground-level retail, and a gym.

The joint venture with the Catalfamo family will feature&nbsp;what Tim Gurner refers to as ‘Melbourne’s hottest new rooftop venue’ in a celebration of the building’s past.

“This site is strategically located in the heart of the southern entertainment precinct within proximity to Crown Casino, South Melbourne and the Arts Precinct," Gurner said.

<a href="/news/qld/first-look-exclusive-gurner-reveals-1-25-billion-four-tower-surfers-paradise-apartment-development-la-pelago">Read more:&nbsp;First look exclusive: Gurner reveals $1.25 billion, four-tower Surfers Paradise apartment development La Pelago</a>

“We are increasingly building a portfolio of larger mixed-use projects where we can incorporate our wellness and concierge services as a longer-term play, and this project perfectly fits that model.

“Southbank is going through a renaissance of sorts with an increasing number of restaurants, bars and entertainment precincts while offering proximity to the best parts of Melbourne’s CBD, it allows us to do something special that will add to the flavour of the area while bringing our signature luxury approach to residential living.

<img alt="" data-entity-type="" data-entity-uuid="" height="1242" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gurner_city_road_2.jpg" width="1200" />

The 1652 sqm site was once the home of the infamous Eve Nightclub, and more recently operated as a hostel, already has an existing permit in place.

GURNERTM has appointed its go-to architect collaborators Warren and Mahoney to redesign the scheme within the existing envelope, which has been re-submitted for council approval with plans for 400 one, two and three-bedroom residential apartments over 40 levels, along with a ground floor retail provision.

As has become the developer’s signature, the project has proposed plans for a unique amenity offering including a health and wellness precinct, a two-storey gym, a communal dining, cinema and entertainment precinct, dog wash and dog run, along with rooftop 
facilities.

<a href="/news/vic/why-tim-gurner-chose-collingwoods-smith-street-the-worlds-coolest-street">Read more:&nbsp;Why Tim Gurner chose Collingwood's Smith Street, the world's coolest street</a>

The project will form one of the developer’s landmark mixed-use developments as it increasingly looks to add more projects of scale to its pipeline in line with GURNERTM’s strategic outlook across a multi-faceted build-to-sell, build-to-rent, hospitality, wellness and lifestyle portfolio.

Gurner is hoping demolition will be able to start this year.

<img alt="" data-entity-type="" data-entity-uuid="" height="3479" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gurner_city_road_3.jpg" width="1200" />

Gurner says he has been&nbsp;planning and preparing for this very deliberate growth period methodically over the past 36 months, and the business has never been in a better position to support this acquisition phase.

“I believe this next property cycle will move quickly and it will be critical to swiftly capitalise\ on the economic recovery period we are currently experiencing, underpinned by what I am forecasting will be significant movement and migration from overseas from 2022 onwards.

“Over the past eight years we have added a huge amount of experience within our team and our strategic finance partners, and we are now looking to deliver approximately 10 projects per annum across our boutique, mixed-use and multi-tower divisions,” he said.

Warren and Mahoney principal Nick Deans said 344 City Road’s architectural design deliberately sets out to establish a new level of luxury living in the Southbank precinct.

“Warren and Mahoney was pleased to be awarded this prestigious project following a highly competitive pitch and to further deepen our relationship with the team at Gurner. We’ve been collaborating for close to ten years and this incredible tower is just another great chapter in our strong and evolving relationship.

“The external façade of the building makes a bold statement, designed ‘in the round’ to ensure it delivers appeal from all aspects.

“With its defined crown structure atop of the building, the tower is a symbolic piece of architecture that will be highly visible on the skyline of Southbank and contribute to Melbourne’s broader city-scape. And those living there will enjoy uninterrupted views of the CBD and back to Port Philip Bay.

“ We’ve also worked closely with the Gurner team to prototype and implement the ‘Greener by Gurner’ sustainability aspirations for a carbon neutral development – a standard we’d like to see across the board.”

Their latest play, following the announcement of the $1.25 billion plans in Surfers Paradise, is back on their home patch of Melbourne.



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