The residential transformation of St Kilda Road is set to continue into with more new apartment plans for the sought-after boulevard.

Wing Tai Asia has lodged plans for a major residential tower at 464-466 St Kilda Road, replacing the former VACC House with an 18-storey mixed-use development designed around a retained heritage podium and a sculpted contemporary tower.

The proposal, prepared under Victoria’s Significant Residential Development with Affordable Housing pathway, would deliver 325 apartments and ground-floor retail across the prominent 4,653 sqm boulevard site in Melbourne’s St Kilda Road North Precinct.

The project centres on the adaptive reuse of the site’s heritage-listed VACC Building, an eight-storey office designed by Bernard Evans that has occupied the address for decades. Planning documents state the development would involve “carefully dismantling and conserving off-site the original metal fabric of the podium visible from St Kilda Road,” before reinstating it as the defining frontage of the new scheme.

Above the restored podium, Wing Tai is proposing a curvilinear residential tower. The scheme includes 172 one-bedroom apartments, 63 two-bedroom apartments, 66 three-bedroom apartments, and 24 four-bedroom apartments, alongside two ground-floor food and beverage tenancies fronting St Kilda Road.

The tower has been designed with substantial articulation and variable setbacks to minimise perceived bulk and maintain view corridors along the boulevard. Urbis, which prepared the planning report, said the design “has been significantly articulated through a curvilinear design” with “an interplay with materials, façade expression and depth” to create visual separation and visual interest.

The proposal also includes 254 basement car spaces, landscaped pedestrian links connecting St Kilda Road and Queens Lane, and a biophilic landscape strategy featuring canopy trees, raised planters, cascading greenery and a glass oculus pool overlooking the eastern frontage.

Planning documents confirm the $270.1 million development will contribute 3 per cent of project costs to the Social Housing Growth Fund as part of the application process.

Wing Tai acquired the St Kilda Road property in 2018 alongside Abacus Property Group for $95.38 million, before later consolidating ownership of the site. The property previously served as the Victorian Automobile Chamber of Commerce headquarters for around 60 years.

The transformation of the St Kilda Rd boulevard is already beginning to materialise, with a number of high-profile projects recently completed, launched, or approaching launch as developers continue to back the long-term appeal of the precinct.

Among the most notable recent completions is Louise by Samuel Property Group, just off the strip on Queens Lane, the same pocket Hirsch &amp; Faigen recently launched The Queensbury. Mirvac is too on the same street with The Albertine, which is approaching completion.

Dexus recently secured approval for its slice of St Kilda Road, while Gurner also has approved plans for the precinct.

Joel Robinson

Wing Tai unveils 325-apartment St Kilda Road tower on former VACC House site

Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

<section data-scroll-anchor="false" data-testid="conversation-turn-6" data-turn="assistant" data-turn-id="request-WEB:84a2af5e-d7cf-4ddf-922a-f4d44d6c6caa-2" data-turn-id-container="request-WEB:84a2af5e-d7cf-4ddf-922a-f4d44d6c6caa-2" dir="auto">
<section data-scroll-anchor="false" data-testid="conversation-turn-2" data-turn="assistant" data-turn-id="request-WEB:5a5ab36c-8dd3-454c-b456-c501f22f0eb4-0" data-turn-id-container="request-WEB:5a5ab36c-8dd3-454c-b456-c501f22f0eb4-0" dir="auto">
The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
</section>
</section>

[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Melbourne

<html><body>
Melbourne's west holds a preliminary auction clearance rate of 75.2% for the week ending 15 November, according to CoreLogic RP Data.
CoreLogic RP Data found only four regions exceeded clearance rates of above 70%, with the Inner region at 70.1%, Inner South at 70.7%, Outer East with 70.9% and West at 75.2%. 
The Mornington Peninsula recorded a preliminary a clearance rate of 64.8%.
<a href="/images/2015/11/16/Screen%20Shot%202015-11-16%20at%206.57.06%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/11/16/Screen%20Shot%202015-11-16%20at%206.57.06%20PM.png" alt="">
</body></html>

mick.cee-iDmgDDAmu8

At a sold 64%, the Mornington Peninsula records Melbourne's lowest clearance rate: CoreLogic RP Data

<html><body>
Melbourne's weekend auction clearance rate of 71% was up on the 68% of the prior weekend and 66% the same weekend last year.
There were 1243 auctions reported to the REIV this weekend. 
The cheapest apartment (above) was <a href="https://www.realestateview.com.au/Real-Estate/8-85-buckley-street-noble-park/Property-Details-buy-residential-9709126" target="_blank">$188,000 at Noble Park</a> with a one bedroom villa that was offered as an investment.
It was leased to July 2016 with monthly rent of $210 per week, reflecting 5.8% gross rental yield. It was last advertised for rent at $200 a week in 2012, and at $120 a week in 2005.
Ray White's marketing sought $150,000 plus buyers.
The cheapest house sold for <a href="https://www.realestateview.com.au/Real-Estate/3-carnarvon-place-melton-west/Property-Details-buy-residential-9637904" target="_blank">$212,000 at Melton West</a> having last sold in 1990 at $100,000.
There were about 11,800 residential sales in the month of October - up eight per cent from the same time last year.
TOP 5 HOUSES
1. 520 Barkers Road, Hawthorn East $4,361,000
2. 38 Richmond Terrace, Richmond $4,320,000
3. 23 Widford Street, Hawthorn East $4.300,000
4. 7 Maysbury Avenue, Brighton $3,750,000
5. 16 Tollington Avenue, Malvern East $3,565,000
 
TOP 5 BARGAIN HOUSES
1. 3 Carnarvon Place, Melton West $212,000
2. 22 Washington Street, St Albans $330,000
3. 222 Eastbourne Road, Rosebud $330,000
4. 26 Jade Crescent, Wyndham Vale $331,000
5. 2 Tawny Court, Truganina $335,000
 
TOP 5 APARTMENTS
1. 2A Collins Street, Ormond $1,825,000
2. 10/1 Monaro Road, Kooyong $1,820,000
3. 5A Edgar Street, Brighton,$1,770,000
4. 62A Bulleen Road, Balwyn North $1,550,000
5. 2/2 Hilda Street, Balwyn $1,450,000
 
TOP 5 BARGAIN APARTMENTS
1. 8/85 Buckley Street, Noble Park $188,000
2. 3/88 Corrigan Road, Noble Park $233,000
3. 4/552 Moreland Road, Brunswick West $250,000
4. 3/1152 Heatherton Road, Noble Park $264,000
5. 14/2 Berry Street, Essendon North $285,000
Source <a href="/news">REIV</a>
</body></html>

jchancellor-FAypfDUnLy

5.8% Noble Park villa rental yield offering Melbourne's cheapest property: REIV

<html><body>
A residential property with a permit for 10 apartments at Hampton, one of Melbourne's sandbelt locations, will go under the hammer on November 27.
The <a href="https://www.realcommercial.com.au/property-land+development-vic-hampton-501744534" target="_blank">22 Railway Crescent</a> property is expected to fetch more than $1.8 million.
It is a four-bedroom, two-storey home on a 420 square metre site zoned General Residential 2 with frontage to Railway Crescent.
An approved permit allows for the development of a three-storey building containing 10 apartments with roof decks and basement car parking.
The property is located within walking distance of Hampton Village strip shops and railway station, as well as numerous other local amenities, including the Hampton Beach.
It is being sold through Teska Carson’s Adrian Boutsakis and Fergus Evans.
"With a permit in place for an apartment development the property will obviously appeal to developers in what is a highly sought after residential area, but it will also appeal to a family looking for an exceptional home in a prime location within easy commuting distance of the CBD," said Boutsakis.
Evans said an upsurge in the area’s popularity, with its easy access to Melbourne’s CBD and the beach, had driven the development of new, high-profile, residential and commercial projects there.
</body></html>

j.ballantyne1990-6AQqhLzZaK

Beach site in Melbourne's Hampton with apartment permit to go under the hammer

<html><body>
A 500 square metre Port Melbourne full-floor penthouse has been listed by Jane Parker, who played a major role in the early years of the iconic Australian fashion brand Country Road alongside her brother, Stephen Bennett.
<a href="https://www.realestateview.com.au/Real-Estate/124-1-graham-street-port-melbourne/Property-Details-buy-residential-9712043" target="_blank">The Portside apartment at 124/1 Graham Street</a> is being marketed to sell for more than $3.75 million at its November 21 auction.
It last traded at $2.9 million in 2005 having sold at $1.8 million in 2001. It was briefly listed in late 2010 with $4.5 million hopes.
The apartment offers four bedrooms, two living areas and an enormous terrace looking to the city skyline. It has three basement car spaces.
In 1974, Bennett was working for Thomas Wardle, a Flinders Lane fashion identity, when he borrowed $20,000 from his father-in-law.
He launched a range of shirts designed to cash in on the jeans boom. 
Country Road's original team consisted of Bennett, his former wife, Pam, and her sister (also a designer) Margaret McQueen.
They set up shop in Burwood Road, Hawthorn.
Designer Jane Parker joined a year later in 1975.
 
</body></html>

Country Road pioneer Jane Parker lists Port Melbourne penthouse

<html><body>
Melbourne now has its limited edition Monopoly board, but locals can secure some of the addresses in their own right.
We looked up <a href="https://www.realestateview.com.au/" target="_blank">realestateview.com.au</a> to see what it costs to call some of the landmark localities home.
The most sought after obvious opportunities will be within Eureka tower, under the skydeck, which features as a light blue property on the board.
A level 77, three bedroom, two bathroom apartment in the Eureka Tower was sold in October for just under $2 million. 
Robert Mitchelson of Icon Property was the selling agent of <a href="https://www.realestateview.com.au/Real-Estate/eureka-7-riverside-quay-southbank/Property-Details-sold-residential-9207262" target="_blank">7701/7 Riverside Quay</a>.
<img src="/images/2015/11/10/eureka.jpg" alt="" width="533" height="355">
A two bedroom, two bathroom property is listed on the market by Lillian Law and Melissa Teo from MICM Real Estate at $1.15 million. 
The apartment is at <a href="https://www.realestateview.com.au/Real-Estate/5805-7-riverside-quay-southbank/Property-Details-buy-residential-8661154" target="_blank">5805/7 Riverside Quay</a>.
<img src="/images/2015/11/10/quay.jpg" alt="" width="414" height="314">
An apartment on the brown square Hardware Lane has too recently been sold.
It is a low density warehouse style in a neometro designed block located above the strip's vibrant cafes and restaurants.
The two bedroom property at <a href="https://www.realestateview.com.au/Real-Estate/5-117-hardware-street-melbourne/Property-Details-sold-residential-9211858" target="_blank">5/117 Hardware Lane</a> (below) was sold for $645,000 by Galldon Real Estate in August. 
<img src="/images/2015/11/10/hardware.jpg" alt="" width="461" height="307">
The Bianca complex apartment was last traded in 2010 for $540,000. It was Neometro's first city apartment complex development in 2001.
If you want escape Melbourne for the beaches, Bells Beach secured a square on the yellow section of the board.
There has just been a recent sale in Bells Beach, a two bedroom, two bathroom beach house has just been sold for an undisclosed price.
The beach house at <a href="https://www.realestateview.com.au/Real-Estate/110-jarosite-road-bells-beach/Property-Details-sold-residential-9379916" target="_blank">110 Jarosite Road</a> (below) was sold by Lisa Wiggins of Great Ocean Road Real Estate.
<img src="/images/2015/11/10/jarosite.jpg" alt="" width="407" height="265">
There are however two properties still available in the sought after Bells Beach surfing location.
A four bedroom, two bathroom at <a href="https://www.realestateview.com.au/Real-Estate/90-bones-road-bells-beach/Property-Details-buy-residential-8240518" target="_blank">90 Bones Road</a> (below) has been listed by Tim Carson and John McMahon who have $1.6 million plus hopes.
<img src="/images/2015/11/10/bones.jpg" alt="" width="459" height="306">
A three bedroom, two bathroom property is also available down the road at <a href="https://www.realestateview.com.au/Real-Estate/90-bones-road-bells-beach/Property-Details-buy-residential-8240518" target="_blank">95 Bones Road</a> (below).
<img src="/images/2015/11/10/95_bones.jpg" alt="" width="499" height="374">
Glenn Hardman of Barry Plant Real Estate has listed the property and hopes for over $1.2 million.
If you're lucky enough to own a property in Brighton (not on the board!) then you are within your rights to buy a bathing box on the beach. 
Box number <a href="https://www.realestateview.com.au/Real-Estate/bathing-box-6-dendy-street-beach-brighton/Property-Details-buy-residential-8489600" target="_blank">6 Denby Beach</a> (below) sold for a record $246,000 at auction in March this year, and there hasn't been any offered since.
<img src="/images/2015/11/10/700_box.jpg" alt="" width="567" height="396">
The selling agent John Clarkson of hockingstuart had hopes of $150,000 and said "it was a stunning result."
</body></html>

jrobinson-rf4aSBido9

How to buy for real on the Melbourne Monopoly property board

<html><body>
The Melbourne Cricket Ground has secured the most expensive square on the board in the launch of the limited edition Melbourne Monopoly.
The hub of Melbourne, the MCG has been partnered with Federation Square as the other most expensive property.
<img src="/images/2015/11/10/mon4.jpg" alt="" width="531" height="531">
Lord Mayor Robert Doyle unveiled the game at Federation Square today.
"Being named the World’s Most Liveable City for five years in a row, it makes sense for Melbourne to have its own version of the world’s most famous board game,” he said. 
Reid Herbert from Winning Moves Australia, the game’s manufacturers advised it was the public who resoundingly favoured the ‘G in their voting. 
<img src="/images/2015/11/10/700_monopoly.jpg" alt="" width="509" height="309">
"Fed Square was a popular second choice reflecting its standing as the pulsing heart of Melbourne.” 
In all, 22 Melbourne and greater Melbourne property landmarks were selected to replace the famous London streets from the original 1935 board after the public was invited to offer up their suggestions via email and Facebook earlier in the year.
The yellow section of the board showcases the most popular and famous beaches, Bells and St Kilda as well as Brighton Bathing Boxes.  
<img src="/images/2015/11/10/mon2.jpg" alt="" width="512" height="384">
Indicative of Melbournians passion for sports, the orange properties are where the three sporting hot spots the Etihad Stadium, Rod Laver Arena and Flemington Racecourse are located.
The light blue locations boast the regions’ best tourist destinations Great Ocean Road and Dandenong Ranges alongside Eureka Skydeck.
The red properties targets were assigned to the arts and culture of Melbourne. The National Gallery of Victoria, Arts Centre Melbourne and Royal Exhibition Building all feature. 
The Emporium Melbourne takes the traditional Pall Mall spot and is partnered with other shopping hotspots Queen Vic Market and Chapel Street Precinct.
Green is the most eclectic portfolio representing University of Melbourne, Shrine of Remembrance and the Melbourne Zoo.
The brown squares reflect the CBD’s vibrant heart, with street art filled Hosier Lane taking the traditional Whitechapel position and Hardware Lane for food on the other.
The traditional railway spots have been claimed by Flinders Street Station, Southern Cross Station, Parliament Station and Melbourne Central Station. 
The Melbourne edition will available at all good toy stores for RRP $49.95 from November 10.
The special edition will also feature tokens iconic of Melbourne. A tram, take away coffee cup and a Sherrin AFL football are a few that replace the traditional race car, dog and thimble.
</body></html>

MCG secures coveted Mayfair spot on Melbourne Monopoly board

<html><body>
Increases in median house price for three and four bedroom family homes across Mebourne's inner suburbs have bested all price brackets in the three months to September 30, according to the REIV.
The REIV said the median price for three bedders is up 5.8% to just over $1.1 million and four bedders within 10km of the city up 3.8% over the quarter to nearly $1.7 million.
REIV chief executive officer Enzo Raimondo said across metropolitan Melbourne the median house price for three-bedroom homes rose 3.6% over the September quarter to $603,000 while four-bedroom homes were up 3% to a city-wide median of $752,000.
"Demand for larger family homes has boosted the median house price for three and four-bedroom homes across the city," he said.
“Melbourne’s outer suburbs have also seen price growth this year as buyers have sought value further from the city, with larger blocks attracting high buyer interest as the city’s middle suburbs have increased in price."
Three-bedroom apartments saw a 2% over the quarter to a median of $660,000.
</body></html>

Family home demand boosts three, four bedroom median: REIV

<html><body><div class="page" title="Page 10">
<div class="section">
<div class="layoutArea">
<div class="column">
The latest Secret Agent report has confirmed an early November spring listings surge for inner city Melbourne houses, with supply increasing by 22%.
Secret Agent's Paul Osborne said Melbourne clearance rates have also come under pressure with a general trend in the downward direction over the month of October.
"There is no doubt that investor activity is slowing while the owner occupier market still seems robust," he said.
"Local markets are also performing differently. The median for the inner south is now less than it was a year ago due to declining apartment prices in South Melbourne and Port Melbourne. The inner East has been the best performer over the past 12 months with a 21.43% increase for this period.
"The ABS has released a snapshot on property owners and renters which is a nice indication of the spread between ownership of Australian properties. Owners with a mortgage make up the highest proportion of households, which helps us understand why any discussions on interest rates is able to generate a huge response in the media. 
"Also released by the ABS is the fertility rates within Australian cities. The expense of owning a property within the inner city and the preference to live close to work may be responsible for keeping fertility rates down in these inner city areas. Accommodation remains difficult to secure for large families as previous generations moved out while the present demographics are less likely to make this same shift. This year, we have noticed a substantial premium that families are willing to pay in order to secure the right accommodation. "
<a href="/images/2015/11/5/Screen%20Shot%202015-11-05%20at%208.32.34%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2015/11/5/Screen%20Shot%202015-11-05%20at%208.32.34%20AM.png" alt=""> 
 
 
 
 <a href="/images/2015/11/5/700_agent.jpg" target="_blank" style="line-height: 1.3em;">Click to enlarge</a>
</div>
<div class="column">
<img src="/images/2015/11/5/700_agent.jpg" alt="">
 
 
</div>
</div>
</div>
</div></body></html>

Melbourne stock numbers lift for the year's finale: Secret Agent

<html><body>
It’s only a matter of time before Melbourne overtakes Sydney as the price growth leader in capital city Australia.
Pretty much everyone now accepts that Sydney is subsiding, as every available statistic confirms what Hotspotting research has been telling us all year – that Sydney activity peaked late in 2014 and has been on a slow fade right throughout 2015.
Melbourne, however, continues to rise.
In the latest price data from CoreLogic, up to the end of October, the annual price growth gap between Sydney and Melbourne has closed considerably. In the past three months, Melbourne’s home value index has increased 3.1%, easily the biggest among the capital cities, while Sydney’s rose only 1.5%.
In annual terms, Sydney is up 15.6% and Melbourne 12.8%. In a month or two, those positions will be reversed.
The reason Sydney is still above Melbourne at the moment, despite Sydney fading while Melbourne is rising, is that the price data is many months behind the game. 
On ABC TV yesterday business commentator Alan Kohler displayed a graph which suggested a correlation between auction clearance rates and median price movements, but with a time lag of several months in the reaction of prices.
(Kohler, incidentally, made the mistake of placing great emphasis on the monthly movement in the city price indexes – he should know that month-to-month changes in statistics are often meaningless aberrations. Many of the monthly movements are contradicted by the quarterly changes, which are far more significant.)
It’s taken quite a long time for Sydney prices to respond to the slowdown in activity, but history shows this is quite normal. It also shows that median prices are rather a blunt instrument for measuring the state of markets. Sales volumes are far more revealing and can put you ahead of the game in terms of likely price movements.
The latest sales data shows that Melbourne has been rising steadily throughout this calendar year, quite the opposite to Sydney. 
Each quarter has shown an uptick in sales activity, with the greatest momentum occurring away from the millionaire suburbs close to the CBD. This may explain why Melbourne clearance rates are dropping at a time when overall sales activity is rising and the overall city median is rising – the busiest markets are those less likely to use auctions.
There are still plenty of strong middle market areas – notably the municipalities of Whitehorse (Box Hill, Nunuwading, Blackburn), Monash (Oakleigh, Mt Waverley, Clayton) and Knox (Wantirna, Boronia, Bayswater) – but the greatest momentum is now the outer ring precincts. Locations likely to attract first time buyers and others on smaller budgets are really pumping in Melbourne. 
The LGAs of Whittlesea (Epping, Thomastown, Mill Park) and Hume (Sunbury, Roxborough Park, Gladstone Park) in the north of the metropolitan area are among the market leaders on activity.
In the far south-east, the Casey LGA (Cranbourne, Doveton, Endeavour Hills) has numerous strong markets, while Brimbank (Sunshine, Deer Park, Cairnlea) in the western suburbs is being greatly boosted by infrastructure spending and urban renewal projects.
Wyndham City LGA in the south-west has surged. In Point Cook, for example, sales numbers in the past six quarters have been 289, 313, 350, 396, 395 and 420. Other suburbs in this LGA, such as Werribee, Hoppers Crossing and Wyndham Vale, have similar patterns.
When sales volumes surge like that, prices follow – with a time lag.
 
Terry Ryder is the founder of <a href="https://www.hotspotting.com.au/" target="_blank">hotspotting.com.au</a>. You can <a href="https://mailto:ryder@hotspotting.com.au" target="_blank">email him</a> or follow him on <a href="https://twitter.com/hotspotting" target="_blank">Twitter.</a>
</body></html>

terryryder-YECXbqmri2

When sales volumes surge, prices follow: Terry Ryder on Melbourne's outer ring

<html><body>
A clearance rate of 67 per cent was recorded in Melbourne on the weekend compared to the revised 69 per cent last weekend and 67 per cent on the same weekend last year. There were 433 auctions reported to the REIV, the last Saturday in October.
The REIV had been expecting about 620 auctions in 262 suburbs.
The busiest auction locations were Reservoir with 19 auctions, followed by Glen Waverley and Keysborough with 10 auctions in each.
The scheduled 620 auctions ranked as the highest ever for any Melbourne Cup Day weekend and more than double the number of auctions held last year.
More than 5,000 auctions are scheduled for November and expected to be the biggest auction month of the year, the REIV chief Enzo Raimondo said.
TOP 5 HOUSES
1. 13 Boston Road, Balwyn $3,258,000 2. 406 &amp; 408 Riversdale Road, Hawthorn East $3,055,000 3. 11 Peel Street, Newport $1,960,000 4. 22 Dundee Avenue, Chadstone $1,890,000 5. 5 Valley Road, Mount Waverley $1,850,000
 TOP 5 BARGAIN HOUSES
1. 8 Orville Street, Coolaroo $283,000 2. 28 Koroit Avenue, Dallas $325,000 3. 19 Second Avenue, Craigieburn $335,000 4. 13 Myhaven Circuit, Carrum Downs $367,000 5. 15 Koonalda Grove, Dandenong North $380,000
TOP 5 APARTMENTS
1. 14 Teddington Road, Hampton $1,560,000 2. 2/2 Lindsay Street, Brighton $1,250,000 3. 1/7 Bebs Court, Templestowe $1,062,500 4. 2/3-5 Omar Street, Templestowe Lower $865,000 5. 2/635 Hampton Street, Brighton $865,000 TOP 5 BARGAIN APARTMENTS
1. 13/12 Schofield Street, Essendon $285,000 2. 11 Johnson Street, Moonee Ponds $293,500 3. 1/9 Asquith Street, Reservoir $303,000 4. 10/61 Wests Road, Maribyrnong $330,000 5. 7/108 Murrumbeena Road, Murrumbeena $333,500
Source <a href="/news">REIV</a>
 
</body></html>

Melbourne

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Melbourne

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News