Around 400 additional homes could be built at Southwark Grounds on Port Road, lifting total site capacity from 1300 to around 1700 dwellings.

A recently approved code amendment would allow apartment towers of up to 14 storeys in some areas of Renewal SA’s redevelopment of the former West End Brewery.

Renewal SA Acting Chief Executive Shane Wingard said he welcomed the code amendment, with the increase in heights and homes making a positive impact on the supply of high-quality, well-connected housing close to the city.

“By going higher across some parts of Southwark Grounds, we are adding a substantial number of very well-located homes with little impact on project delivery time or planned open space,” Mr Wingard said.

Since the project officially launched in 2025, Mr Wingard said more than 12,000 enquiries had been received about living at Southwark Grounds.

“The very strong early interest we’ve seen since homes were first released in the precinct reinforces our plans to create more housing opportunities,” he said.

The Southwark Grounds code amendment was launched in December last year, with community engagement undertaken over five weeks from January.

It proposed increasing maximum building heights from eight to 14 storeys on the eastern section of Southwark Grounds, and to 12 storeys across the remainder of the site, with minimum building heights ranging from two to four storeys.

The code amendment was implemented through an Early Commencement policy in late January, allowing developers to quickly explore the viability of increased height and housing yield while other planning processes continue.

One of the first developers delivering apartment sites have already finalised redesigns to increase the number of apartments following the code amendment.

Samaras’ development adjacent to the future Colonel Light Park is now planning to deliver 125 apartments across 11 storeys, significantly greater than original plans of around 50 apartments across four storeys.

The developer is also exploring the potential for additional affordable housing outcomes.

Most of the apartments at Southwark Grounds will be delivered within a master-planned precinct on a large parcel of land on the eastern portion of the site, covering around two-thirds of its 8.4 hectares.

Wingard said detailed precinct planning over the coming months may identify further opportunities to increase yield further that could see total apartment numbers at Southwark Grounds, exceed this number.

Affordable homes at Southwark Grounds will also see a net increase, with Renewal SA maintaining its commitment to a minimum of 20 per cent affordable housing across the development.

&nbsp;

&nbsp;

Civil works have begun across the site, with construction under way on the first new roads surrounding a townhouse precinct in the south‑west corner of Southwark Grounds. This includes Renewal SA’s 17 Founder’s Row homes, which are on track for completion by Christmas.

“We expect to have people living at Southwark Grounds by the end of the year, so delivering roads and public spaces for those residents is among our highest priorities.”

Construction of 40 townhouses off Anderson Street, known as West Village and being delivered by Contour, is forecast to begin in mid‑2026. Kolabb’s Anderson Lane development will follow shortly after, delivering a further 26 townhouses.

Southwark Grounds is a state government‑led urban renewal project now set to deliver around 1,700 homes over the next decade.

Homes will be supported by a supermarket, a range of retail and hospitality offerings anchored by a revitalised Walkerville Brew Tower, a childcare centre, car parking and well‑connected public spaces.

Joel Robinson

400 new homes planned for Adelaide's former West End Brewery site

Brisbane developer&nbsp;<a href="https://www.apartments.com.au/developers/cavcorp">Cavcorp</a> has lodged plans for a new mixed-use residential development at <a href="https://www.apartments.com.au/new-apartments/55-wyandra-street-teneriffe-qld-4005">55 Wyandra Street</a>, Teneriffe, anchored by an 85-metre public laneway designed to reconnect the suburb’s riverfront with the Gasworks precinct.

The buildings, known as Teneriffe House and Teneriffe Lane, would replace the existing Queensland Cotton head office site with a 15-storey residential tower transitioning to eight storeys toward Helen Street. The project has been designed by Plazibat Architects and lodged as a code assessable development application for 93 apartments across a 3,401 sqm mixed-use site within the Newstead and Teneriffe Waterfront neighbourhood plan.

Central to the scheme is the transformation of an existing service easement into a publicly accessible cross-block connection linking Wyandra and Helen Streets. Cavcorp says the new laneway will act as both a pedestrian shortcut and a landscaped civic space between the Teneriffe Riverwalk, ferry terminal, and Gasworks precinct.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="26e7f058-b065-4de8-b13d-a2b8cb64dfcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bldg.png?VersionId=sELS0ZKYi361oYipUa1BIKfe_.DLZoFV" />

“The revised proposal delivers a legacy public-realm cross-block link, permanently secured for community use, transforming an existing private easement into a safe, high-quality pedestrian connection between the Teneriffe heritage riverwalk and the Gasworks–Long Island precinct,” the planning report states.

The laneway will sit beneath a large subtropical loggia integrated into the podium levels of the development. The design incorporates deep landscaping, water gardens, lobby spaces, business lounges, and ground-floor apartments to create what Cavcorp describes as a climate-responsive “urban verandah.”

The tower itself has been designed as a slender form with recessed floorplates and curved translucent corners inspired by contemporary Japanese architecture. The building height aligns with the Commercial Road precinct controls, which permit towers up to 15 storeys within proximity to Longland Street.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="a8a17d40-43b6-4718-b3fd-67676fcbb485" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%202_1.png?VersionId=i3VwDtp5AmL_8InW7w4qRbDFEpb744Jt" />

The project will comprise a mix of larger-format apartments aimed at owner-occupiers, downsizers, and families. The proposed apartment mix includes 11 loggia apartments across the lower levels, 50 four-bedroom Sky-Terrace apartments from levels three to seven, and 32 Sky-Pool Homes occupying the upper tower levels. The Sky-Pool Homes will feature private thermal plunge pools integrated into oversized balconies.

According to the application, the apartments are intended to reinterpret the scale and character of Teneriffe’s woolstore conversions and Queensland homes within a vertical residential format.

“The sky-pool homes build on Cavcorp’s previous projects and introduce a distinct apartment typology to Teneriffe, informed by both local and international precedent and responding to an identified market demand for enhanced safety, space and amenity,” the planning submission notes.

A major focus of the proposal is its five-level wellness and lifestyle offering, extending from the basement through to the rooftop.

Amenities proposed include a rooftop Swim &amp; Racquet Club with a 25-metre Olympic lap pool and tennis court, coworking spaces and libraries, golf simulators, wine storage, concierge facilities, business lounges, pet wash areas, and rooftop longevity-focused wellness spaces with spas, outdoor fitness zones, and landscaped terraces.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="944b352c-49b9-4247-a4c6-5967b4b69fda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenity.png?VersionId=Ed_qKjAtMwFT.5gfl3jiA9QwdWxSMsaX" />

All parking will be concealed within basement levels accessed from Wyandra and Helen Streets. Cavcorp says the deep-basement engineering approach allows the entire ground plane to prioritise landscaping, pedestrian movement, and active frontage rather than vehicle infrastructure.

The development continues Cavcorp’s concentration in Newstead and Teneriffe, where the Brisbane developer has delivered a number of apartment projects including Lucent, Le Bain, and Luminare, as well as the Long Island Wellness Precinct nearby. Several of those projects have received national design and architecture awards, including recognition under Brisbane’s “Buildings that Breathe” program.

Cavcorp unveils wellness-focused Teneriffe House and Teneriffe Lane apartment buildings

Focus Group Investments has lodged plans for a new apartment development at <a href="https://www.apartments.com.au/new-apartments/64-70-hanover-street-fitzroy-vic-3065">64–70 Hanover Street</a> in Fitzroy, seeking to utilise the Victorian Government’s recently introduced Great Design Fast Track pathway to accelerate approvals for the project.

The proposal is among the latest developments to emerge through the state-led initiative, which was established to fast-track well-designed residential projects in activity centres and transport-connected inner-city locations. The pathway allows qualifying developments that meet elevated design and housing benchmarks to bypass traditional council planning timeframes and instead be assessed directly by the Department of Transport and Planning.

Designed by SJB, the development will comprise a mix of apartments above activated lower levels, with a strong focus on architectural articulation, landscaping, and communal amenity. The design response seeks to balance the industrial character of Richmond’s former warehouse precincts with a more contemporary residential form.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="abea51cc-d85b-479e-9aef-a589f3b37ca7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ground.png?VersionId=e1Kf8EyPWwyiVumtqQ4rM5S4GpOR3CCz" />

Proposed are 63 new dwellings, a wide ranging mix of studio, one-, two-, and three-bedroom apartments, and townhouses and duplexes. They will be spread across a part-three, part-eight storey building.

The Planning and Urban Context Report by Tract says the development is of an "exemplary architectural standard" and has been carefully crafted by SJB Architects.

"Dwellings&nbsp;will benefit from excellent access to natural light, cross-ventilation opportunities and extensive communal space," the report noted.

The architectural material highlights the project’s integration of landscaped elements and communal spaces throughout the building. The proposal also incorporates sustainability initiatives aligned with the Victorian Government’s push for higher-performing apartment developments under the fast-track program.

The Great Design Fast Track was unveiled by the Victorian Government in 2024 as part of a broader housing supply strategy aimed at accelerating the delivery of new homes. Projects assessed through the pathway must demonstrate high-quality architecture, sustainability outcomes, and housing diversity while being located close to public transport and existing infrastructure.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="afdbe834-8dc4-4a77-a943-ba07bc927348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_11.png?VersionId=0J657j.TaChAZfp93wqJYBTqSsnREJx2" />

Focus Group, founder and led by Paul De Lutiis, is increasingly active across Melbourne’s inner suburbs, targeting well-connected urban renewal locations suited to medium and higher-density residential development. The Fitzroy proposal continues that strategy, leveraging the area’s strong transport links, established retail amenity, and proximity to the CBD.

Fitzroy has been one of the most popular spots for developers and buyers in recent years. The likes of PACE Development Group, SMA Projects, Crema Group and Chapter Group, currently selling projects in the suburb.

First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Fitzroy apartments

The Gold Coast Planning Committee has supported the preliminary approval for the Benowa Gardens Urban Village project following an extensive community consultation and assessment process.

The proposal will now proceed to a full council vote on June 2.

The application sought approval for a masterplanned urban village on the existing Benowa Gardens Shopping Centre site, combining new housing, retail, dining, health and lifestyle amenities within a walkable, integrated precinct.&nbsp;

The proposed redevelopment includes around 413 apartments integrated above a revitalised mixed-use centre featuring a full-line supermarket of 4,000 sqm, 6,000 sqm of specialty retail and dining space across around 30 retailers, a 7,000 sqm health and wellness precinct, and roughly 9,630 sqm of office and medical suites.&nbsp;

<img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="fb36ae47-80bc-45f0-9914-31b0c7b6007d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/PR26576%20Ashmore%20Road%20C4%201121%20FI.jpg?VersionId=6mRKk2uU4r67TmTt39DKGUlvFRbTVqWa" />

The broader masterplan also includes very significant traffic and transport improvements, wide pedestrian walkways, upgraded pedestrian and cycle connections, and enhanced public areas designed to create a more connected and walkable community environment.&nbsp;

Centre owner Patrick Lu said the milestone reflected months of detailed planning, technical assessment and ongoing communication with local residents, businesses, schools and stakeholders.

“We appreciate the time, consideration and care Council officers and the Planning Committee have given this proposal throughout the assessment process,” Lu said.

“We also sincerely thank the local community for engaging with us, sharing feedback and participating in the consultation process over many months.

<img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="32fd1fc3-d0e6-485f-ac57-9916c9bcb818" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/PR26576%20Ashmore%20Road%20C5%201121%20FI_2.jpg?VersionId=fz8qQKDBLQ7MyFRc856Zccfbh9nFwLOe" />

“We understand projects of this scale bring questions and concerns, which is why we have worked hard to listen carefully, provide information transparently and continue refining elements of the proposal where possible.

“Our vision has always been to create a well-designed, community-focused urban village that responds to the changing needs of the Gold Coast, while delivering improved amenity, housing diversity, healthcare access and local lifestyle benefits.

“This proposal is about creating a genuine live-work-play environment where residents can access everyday services, schools, healthcare, dining, shopping and green space within walking distance, while also supporting local jobs and economic activity.”

<img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="50dfbd04-590e-4fc6-983b-766880947867" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Dining%20Day%20Time%20-%20High%20Resolution.jpg?VersionId=BP7ZoKJ0DdL_8iRkkC8VVx99moICV6kg" />

Lu said the proposal had evolved significantly through consultation and technical review, particularly around traffic, pedestrian and student safety and neighbourhood connectivity.&nbsp;

Melissa Griffin, Director at Urbis, said the recommendation recognised the strategic importance of delivering more housing and services within established urban areas already supported by infrastructure.

“This proposal represents the type of thoughtful, integrated growth that planning frameworks across South-East Queensland are encouraging,” Ms Griffin said.

“The project seeks to place housing, retail, healthcare and employment opportunities together in a highly accessible location close to schools, transport and existing services.

“Importantly, the process has involved significant technical assessment and community engagement to ensure local issues and feedback were properly considered throughout the planning pathway.”

$1 billion Benowa Gardens Urban Village heads to council vote following Planning Committee support

Surfers Paradise is officially set for its first new residential development with a 45-storey skybridge connecting the two towers.

John Camilleri’s Celestino Developments has been given the green light by the Gold Coast City Council to develop its major beachfront precinct across its huge 4,000 sqm oceanfront site at <a href="https://www.apartments.com.au/new-apartments/63-79-garfield-terrace-surfers-paradise-qld-4217">63–79 Garfield Terrace</a>, just five months after its <a href="https://www.apartments.com.au/news/qld/first-look-exclusive-billionaire-winx-breeder-s-bold-two-tower-surfers-paradise-play-with-45th-storey-skybridge">submission in late 2025</a>.

The approved scheme will deliver two towers rising 55 and 48 storeys, connected by a skybridge positioned on level 45 that will house a range of resident-only wellness and entertainment spaces.

In its notice of approval, the Gold Coast City Council said the&nbsp;proposed overall built form has been designed to complement the scale, intensity and protect the adjacent amenity and surrounding streets through the use of varied setbacks, site cover and architectural elements.

<img alt="First look exclusive: Billionaire Winx breeder’s bold two-tower Surfers Paradise play with 45th-storey skybridge" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-30%20at%209.53.48%E2%80%AFAM.png?VersionId=ADyPJ_TFbJvSU9wZFOiCBnlPtgF7VWqW" />

Designed by <a href="https://www.apartments.com.au/architects/dbi">DBI</a>, the development will comprise 275 apartments across the two towers, including a mix of two-, three-, and four-bedroom residences, as well as several penthouses. The apartments will sit above a landscaped podium featuring more than 90 metres of beachfront pool frontage, private resident lawns, lounges, and wellness spaces.

DBI said the design draws heavily from the movement and form of the coastal environment, with curving balcony lines and sculpted façades intended to soften the scale of the towers while maximising ocean outlooks and passive shading outcomes.

“The project occupies a rare, uninterrupted oceanfront site and has been shaped by a design philosophy that merges architectural elegance with environmental responsiveness and a carefully curated lifestyle experience,” DBI said in planning documents submitted to the Gold Coast City Council.

The most distinctive element of the approved project is the skybridge linking the two towers at level 45. The elevated communal space is planned to include executive lounges, formal dining areas, wellness facilities, and panoramic ocean-facing outlooks.

“The skybridge enhances the identity of the development, promotes social interaction, and delivers a lifestyle experience not found elsewhere on the Gold Coast,” DBI said.

At podium level, residents will have access to a suite of resort-style amenities, including resident lounges, private dining rooms, a yoga lawn, gymnasium, plunge pools, and treatment spaces. The beachfront pool has been designed with separate lap, lounge, and children’s areas extending across the width of the site.

The project will also introduce new food and beverage offerings along the Enderley Avenue and Oceanway frontages, contributing additional activation to the beachfront precinct.

First look: Winx billionaire’s beachfront Surfers Paradise apartment development greenlit

Melbourne

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Listings are up 2.2 percent in Melbourne on this time last year, which is the only capital city to have more stock for sale than last April.

Darwin sees the biggest drop in overall listings, down by 35.9 percent according to CoreLogic.

Other cities aren't too far behind with Canberra, Brisbane, Adelaide and Hobart all down more than 30 percent in stock levels of private treaty listings.

Related article: <a href="/news/urbans-top-five-melbourne-apartments-with-5-star-hotel-amenities-for-sale-in-april-2021">Urban's top five Melbourne apartments with 5-star hotel amenities for sale in April 2021</a>

Perth is down 22 percent.

Sydney has the lowest stock dip, at 16 percent.

The chart includes house and apartment resale listings.

<img alt="" height="379" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/cl_2021_cc_listings.jpg" width="644">

There are currently 83,000 property listings across the nation, which is 17 percent down on the same time last year.

The level of new stock, ie fresh offerings over the past four weeks, is not a consistent between the capitals.

[smartcode_project:default project_id=2772]

Related article: <a href="/news/vic/april-2021-the-top-5-two-bedroom-apartments-for-investors-in-melbourne-under-800-000">The top 5 two-bedroom apartments for investors in Melbourne under $800,000</a>

Perth sees a 64 percent jump in vendors arriving in the market.

Melbourne, Darwin and Adelaide have also seen a spike in fresh listings.

Hobart has seen a contraction in vendors.
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April 2021 sees far fewer overall listings than the same time in 2020

jchancellor

Melbourne is the only capital city with more listings than last April: CoreLogic

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Braybrook will be the suburb where the new lowrise social housing apartments are constructed in what Housing Minister Richard Wynne says will be a game-changer for social housing.

The apartments, to be built at 293-295 Ballarat Road, have been designed by Architects LIAN, in ­association with Kerstin Thompson Architects.

The government has committed to construction of more than 12,000 homes by June 2024 as part of its “big housing build.’’

The government has sought a new model for social housing that moves away from high-rise towers to ­accommodate families in low-rise apartments.

At least 12 new developments will be constructed around Braybrook before being rolled out to other parts of the city and state.

The homes will be a mix of one, two and three-bedroom apartments.

Melbourne's current ­social housing towers, built in the 1960s and 1970s, are now expected to be used for at least 85 years, according to the Herald Sun.

[smartcode_project:default project_id=25382]
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Braybrook is set to lead the Victorian state government pivot to a new lowrise model for social housing

Braybrook to lead Melbourne's pivot to lowrise social housing apartments

Developers are seeing increased interest in townhomes as homebuyers in the inner-city area seek convenient, spacious living.

Urban spoke with ICON Developments’ commercial director Scott Jarzynka, who noted that he’d seen an increase in both interest and sales post-COVID-19.

“People in the area are realising they need more space than they can find in an apartment offering locally”, he said.

<blockquote>
One thing we have noticed is purchasers are more certain of their decision, they understand the benefits of townhome living and are ready to make the commitment.
</blockquote>

According to Jarzynka, young families are making up the majority of buyers in townhouse developments, including their Balaclava project Inkerman &amp; Nelson.

[smartcode_project:default project_id=25572]

“[Young families] are the ones interested in maintaining the inner-city lifestyle and not having to compromise on local amenity”, he said.

Townhomes are typically the next step from apartment living, offering the extra space a growing family needs.

However, Jarzynka did not only emphasise a home’s design but their location, as a crucial factor when purchasing any property.

“Access to things like transport, dining, green space and good schools are important not just for living in a home but especially for the resale value.

“Secondly, size matters; townhomes offer the best value for those wanting space and location without the multi-million-dollar budgets.”

Urban takes a look at four townhomes perfect for families in Melbourne’s inner-city suburbs. 
&nbsp;

1. Port Lane, Port Melbourne 
Address: 201 Williamstown Road, Port Melbourne VIC 3207 
Three-bedroom townhomes from $1,025,000

[smartcode_project:default project_id=89720]

Boasting 122 three-bedroom residences, Port Lane offers a quality selection of townhomes in Port Melbourne.

The coastal community has been developed by ID_Lands alongside architects Rothelowman and interior designers Hecker Guthrie.

Curated landscaping by Tract frame the townhomes, sitting in harmony with their coastal environment and the Port Melbourne community. 
&nbsp;

2. The Lincoln Collection, Essendon 
Address: 8-10 Lincoln Road, Essendon VIC 3040 
Three-bedroom townhomes from $1,245,000

[smartcode_project:default project_id=84629]

The Lincoln Collection features just 14 limited edition townhomes in two, three and four-bedroom configurations in Melbourne’s inner-city suburb of Essendon.

Designed by DKO Architecture, the development features timeless appeal with versatile floorplans and exceptional spaces. 
&nbsp;

3. Attica, St Kilda East 
Address: 47 Lansdowne Road, St Kilda East VIC 3183 
Three-bedroom townhomes from $1,548,250

[smartcode_project:default project_id=23328]

Designed by Melbourne-based Perkins Architects, Attica delivers a series of seven townhouses that challenge the perceived boundaries of modern design.&nbsp;

The development offers seven residences in two and three-bedroom configurations, featuring natural stone, oak timber and warm greys.

Attica is surrounded by the abundant offerings that form two of Melbourne’s liveliest suburbs, St Kilda East and Windsor.

 
4. Inkerman &amp; Nelson, Balaclava 
Address: 283-297 Inkerman Street, Balaclava VIC 3183 
Three-bedroom townhomes from $1,285,000

<a href="/buildings/inkerman-nelson-283-297-inkerman-street-balaclava"><img alt="" data-entity-type="" data-entity-uuid="" height="2000" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/inkerman-nelson-283-297-inkerman-street-balaclava-b8797277fb61a4b739e26617a27132ac.jpg" width="2762" /></a>

Each of the Inkerman &amp; Nelson townhomes so far have been sold to owner-occupiers and only four homes remaining in the development.

ICON is focused on creating flexible and customisable residences,

Designed by MAArchitects, the homes are considered for the customer and how they live, particularly young families who need a space that will be able to adapt as they grow.&nbsp;

Urban spoke with ICON Developments’ commercial director Scott Jarzynka, who noted that he’d seen an increase in both interest and sales for townhomes post-COVID-19

max.kwok_55688

Townhome insights: Family residences you can secure in inner-city Melbourne

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<h2>OPINION</h2>

Melbourne dwelling values have surpassed their earlier April 2020 peak by 0.2%, according to CoreLogic’s daily hedonic home value index.

Tim Lawless, CoreLogic’s Executive Research Director, says it had only been a matter of time before the recent strong capital gains in housing values led Australia’s second largest city to move to new record highs. 

“Reflecting what we saw in Sydney earlier this month, Melbourne dwelling values have now surpassed their previous peak to notch up a new record high. Following a decline of -6.1% through COVID-19, values have since grown by 6.7%, and are now sitting 0.2% above their recent high recorded by CoreLogic’s hedonic daily home value index on 6 April 2020.”

This brings Melbourne’s dwelling values to 13.8% above their recent low in mid-2019, and the median value for all dwellings to $736,478.

<h2>Recently listed properties:</h2>

[smartcode_project:default project_id=22699]

[smartcode_project:default project_id=27321]

[smartcode_project:default project_id=24733]
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Melbourne dwelling values have surpassed their earlier April 2020 peak by 0.2%, according to CoreLogic’s daily hedonic home value index

tlawless

Melbourne property values regain COVID loss and surpass previous record: Tim Lawless

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Beulah executive Adelene Teh has said her group’s focus on downsizers and owner occupiers saw its Melbourne projects largely protected from the drop-off in foreign buyers.

“Australia has shown great resilience throughout the pandemic and this will be attractive to people who are looking to move,’’ Teh told a round table forum attended by some of the nation’s top developers hosted by The Australian for The List— Australia’s Richest 250.

William Deague, the chief executive of the Melbourne-based Deague family, William Deague, noted the apartment market had been transformed by policy changes before COVID, now followed by the loss of Chinese investment and immigration.

“I don’t think the future is just punching these little towers straight up, 500 or 600 (units) at a time. “It’s got to be more thought out than that,’’ he told the forum.

[smartcode_project:default project_id=27728]

Melbourne developer Tim Gurner suggested developers were “kidding themselves” if they launched apartment projects of 300 units or more in Melbourne.

Gurner not only expressed concern about the collapse in immigration caused by the COVID-19 pandemic, but had fears about the Chinese government taking capital away from Australia, which would mean a “complete systemic change to our market”.

“It doesn’t matter if you’re selling high end in Toorak or wherever you are, it still affects you. 

“The big difference we’re seeing is the investment apartment, the 300 apartment stuff. I mean, you’d be kidding yourself to try to get something off the ground today.”

Sam Tarascio, managing director of the Salta Properties group, said there was a rental shortage before the onset of COVID, but it had “vanished”.

[smartcode_project:default project_id=5559]

“We’ve got a huge oversupply of apartments available to rent. Rents have gone down — 30 to 40 per cent in some cases.”

Tarascio also noted apartment construction costs were rising 5 per cent a year.

“And we can‘t do anything about it." he said.

Last month it was reported Melbourne’s 2040 population will have half a million fewer people than forecast as the coronavirus pandemic closed the door on migrants.

A special feature from the developer roundtable event will be published in The List in The Weekend Australian on Saturday. 
 
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Beulah executive Adelene Teh said her group’s focus on downsizers and owner occupiers saw its projects largely protected from the drop-off in foreign buyers

Downsizers and owner occupiers the key to Melbourne apartment sales

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It's house-size apartment living for residents at Melbourne's newest luxury development K1 Residences.

The boutique development delivered by the rapidly growing Optimus Developments is made up of 13 whole floor, four bedroom apartments with gun-barrel views across Albert Park.

Completion has been slated for April.

Urban has taken a look at its favourite seven features of K1 Residences. 

[smartcode_project:default project_id=2772]

1. The Developer

Optimus Development Group was established in 2014 and have quickly expanded their reach across three capital cities, Melbourne, Sydney and Canberra.

Optimus, headed by Alex Windsor, were behind Melbourne's 200 metre EQ Tower, as well as the boutique Preston apartment development Nine High Residences.

They've also completed projects elsewhere across the country, with the luxury Gold Coast development 31 Broadbeach.

[smartcode_project:default project_id=2772]

2. The Design

With architecture by award winning DE atelier Architect, design details include include spacious garden balconies, floor-to-ceiling windows doors and oversized bathrooms.

The landscaped facade, designed in collaboration with Aspect Studios, gives the building a unique look and feel.

3. The Amenities

Residents at K1 will have access to a luxury swimming pool, complete with waterfalls and views back to the city. The area is accompanied by outdoor seating.

K1 has also been specifically designed with living and co-working office spaces in mind providing a healthy and flexible working from home lifestyle.

<a href="/buildings/k1-residences-melbourne-1-union-street-melbourne"><img alt="" height="904" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/k1_pool.jpg" width="1600"></a>

4. The Aspect

Designed by the landscape architects, Aspect Studios, K1’s gardens are a defining element of the building.

Balconies and gardens flourish with lush planting and trees, whilst creepers climb the external walls plus evocative branch-like sculptures from Kavellaris Urban Design.

Just across from Albert Park K1 layers foliage upon foliage, a vertical neighbourhood enveloped by lush greenery and panoramic city skyline views. 

<a href="/buildings/k1-residences-melbourne-1-union-street-melbourne"><img alt="" height="902" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/k1_view.jpg" width="1600"></a>

5. The Finishes

Interior design is from Bergman and Co, masters of high-end design and finishes, who have crafted exquisite interiors with strong attention to detail.

The selection of materials and fixtures from highly regarded Rogerseller showcases a premium offering. 

The kitchens, created by Poliform, and the quality of the cabinetry all add value to the home plus V-ZUG appliances are paired with natural stone bench tops.

<a href="/buildings/k1-residences-melbourne-1-union-street-melbourne"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/k1_bathroom.jpg"></a>

Extra large bathrooms offer a sense of space, supremely fitted out with copper-toned tapware and shower head in the large frameless shower,

Amenities including a sky garden to embody Melbourne’s best-loved suburbs and an infinity-edge pool for the penthouse apartment.

6. The Location

K1’s Union Street address places it in Melbourne’s ‘green lungs’ 3004 postcode.

It sits just one road back from the busy Queens Road at the south end of Albert Park. 

To the west of the development is the cool Prahran and Windsor area, with the resurgent St Kilda area to the south.

7. The Space

The 175 sqm apartments come in a variety of four bedroom configurations which is attractive for the downsizer market who are taking advantage of the soaring housing market by cashing in.

There are a number of curved balconies in each apartment which make for a striking facade.

<a href="/buildings/k1-residences-melbourne-1-union-street-melbourne"><img alt="" height="977" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/k1_residences.jpg" width="1200"></a>
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Set for completion in April there's so much to love about K1, check it out before all the residences get snatched up

Seven things you'll love about living at Melbourne's luxury K1 Residences

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Townhouses provide an affordable alternative to freestanding homes in Victoria, ideal for families who want space and a strong sense of community.

As townhouse developments increasingly feature masterplanned parklands, open space and retail offerings, these homes provide the convenience of city living at incredible value.

Urban takes a look at four three-bedroom townhomes you can secure in Victoria for under $585,000. 

1. Marshal Place, Williams Landing 
Address: 1 Griffiths Street, St Albans VIC 3021 
Four-bedroom townhomes from $569,000

[smartcode_project:default project_id=29660]

Cedar Woods’ Marshal Place is a collection of beautiful three and four-bedroom townhomes, located just 20-kilometres from the Melbourne CBD and surrounded by parklands.

The four-bedroom townhouses start from an affordable $569,000 boasting contemporary design, light-filled living rooms and an engineered stone benchtop.

Just seven of the homes remain, which offer turn-key and hassle-free options and are backed with a 25-year structural guarantee.

The homes are located in close proximity to Williams Landing town centre, Altona Beach and countless educational facilities from early learning centres to university campuses.   
 

2. Trilogy Place, Mill Park 
Address: 24 Oleander Drive, Mill Park VIC 3082 
Four-bedroom townhomes from $547,000

[smartcode_project:default project_id=7545]

Gibson Property’s Whittlesea development, Trilogy Place, is a true vision of quality, with stunning parkland views and solar power integration.

Designed by Rothelowman, the homes are meticulously crafted with flexible floorplans, large windows and abundant light.

Ideal for families, the homes are located within walking distance to Westfield, and close to a variety of primary and secondary schools. 
 

3. The Grove Estate, Tarneit 
Address: 180 Davis Road, Tarneit VIC 3029 
Four-bedroom townhomes from $583,755

[smartcode_project:default project_id=28210]

The picturesque Grove Estate offers the ideal family-friend lifestyle, bordered by both the Davis Creek and Werribee River waterways.

Delivered by Frasers Property, the development is located in the heart of Melbourne’s fast-growing Western corridor, connected to leading schools, growing town centres and highly walkable parkland.

The project includes front and rear landscaping, LED downlights throughout and 20mm stone benchtops. 
 

4. Parklife, Doveton 
Address: 64-70 Box Street, Doveton VIC 3177 
Four-bedroom townhomes from $540,800

[smartcode_project:default project_id=27478]

Boasting modern homes set in elegantly landscaped surrounds, Parklife is the latest Doveton development by the Goldfield Group.

The homes provide abundant space, with crisp modern lines and materials, close to the centre of the Dandenong area.

Doveton, a rapidly developing suburban area favoured by growing families, is surrounded by quality kindergartens and primary schools, secondary schools and parklands. 
 

5. Valley Park, Westmeadows 
Address: 7 Valley Park Boulevard, Westmeadows VIC 3049 
Four-bedroom townhomes from $580,000

[smartcode_project:default project_id=25591]

Also delivered by leading developer, Frasers Property, is the Westmeadows development, Valley Park.

Offering a collection of three, four and five-bedroom residences, the spacious townhomes will boast private backyards, decks and balcony space.

Surrounded by parklands and greenery, families can enjoy the abundant open spaces nearby and benefit from the close proximity of leading schools.
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As townhouse developments increasingly feature masterplanned parklands, open space and retail offerings, these homes provide the convenience of city living at incredible value

There's room for the family: 5 four-bedroom townhomes in Victoria you can secure under $585,000

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Although some student apartment markets are currently impacted by a lack of demand due to the fall in international students, investors can still secure a strong performing long-term investment.

Apartments in student markets more affordable than ever, and according to the Demographics Group’s Simon Kuestenmacher, international students will likely drive a correction in prices for student-focused apartments in the longer term.

“Sooner or later, international students will come back to Melbourne because the demand for a high quality, English-speaking, in-person university experience is not going to shrink while we’ve got those growth economies in Asia,” Kuestenmacher told Domain.

As one of Victoria’s best performing universities, Monash hosts more than 85,000 students at its various campuses around Melbourne.

Urban takes a look at five apartments perfect for students nearby Monash, ideal for scholars and academics, high-income postgraduates and investors.

<h2>Apartments close to the Monash Parkville Campus</h2>

Home to the university’s Faculty of Pharmacy and Pharmaceutical Sciences, the Parkville campus is made up of five buildings on Royal Parade and is close-by Monash Law’s city campus.

Property investors with investments in the surrounding suburbs benefit from the campus, which enrols around 1,100 undergrad and postgrad students, which attracts international students, part-time students and professional researchers.

1. Melbourne Grand, Melbourne 
Address: 560 Lonsdale Street, Melbourne VIC 3000 
One-bedroom apartments from $498,000

[smartcode_project:default project_id=3490]

Winner of the HIA ‘Victorian apartment complex of the year 2020,’ Central Equity’s Melbourne Grant provides an outstanding living experience.

Less than a kilometre away from Monash University’s Parkville campus, postgraduate students and investors alike will enjoy the residence’s ideal location.

The residence features various amenities, including resort-style facilities, residents’ lounge, 17-seat theatre and coffee bar.

2. Parkhill Apartments, West Melbourne 
Address: 408 Spencer Street, West Melbourne VIC 3003 
One-bedroom apartments from $479,000

[smartcode_project:default project_id=27406]

Although a bit further from the campus, three kilometres south, the well-connected Parkhill Apartments offers stylish residences on the fringe of the Melbourne CBD.

Delivered by Central Equity, the project benefits from bright apartments with up to 2.7-metre-high ceilings, spacious balconies and seven-day concierge service.

Located minutes from Queen Victoria Market, transport links and Flagstaff Gardens, this project is one to consider.

<h2>Apartments close to the Monash Clayton Campus</h2>

Clayton campus, the university’s main campus, boasts a student population exceeding 41,000.

The 1.1 sqkm site also hosts the majority of Monash’s 9,000 academic staff, as well as visiting researchers, scholars and doctoral students.

1. Aster Apartments, Clayton South 
Address: 456 Haughton Road, Clayton South VIC 3169 
One-bedroom apartments from $396,800

[smartcode_project:default project_id=4124]

Delivered by Cedar Woods and designed by DKO Architecture, Aster Apartments boasts affordable apartments in the award-winning masterplanned community, Jackson Green.

With over 4,700 sqm of public open space, residents at Aster can enjoy plenty of social spaces to connect with neighbours, just 1.8 kilometres from Monash’s main campus.

Clayton’s South is a hub for healthcare and education, connecting residents to employment opportunities, countless amenities and developed infrastructure.

2. M-City, Clayton 
Address: 2107 Dandenong Road, Clayton VIC 3168 
One-bedroom apartments from $371,300

[smartcode_project:default project_id=528]

Just 700 metres from the Clayton campus, M-City provides a sophisticated ‘mini-city’ in Clayton, within walking distance to grocery stores, restaurants, bars and more.

Shiavello’s development is situated in the lively Clayton, which has had an average annual growth of 12 per cent over the last three years.

Each apartment contains floor-to-ceiling glazing, spacious, private balconies and luxury resort-style facilities, including a heated pool, landscaped gardens and barbeque zones.

<h2>Apartments close to the Monash Caulfield Campus</h2>

Comprising over 13,000 students, the Monash Caulfield campus is the university’s second-largest.

Located within the Glen Eira City Council, Caulfield boasts good infrastructure, an excellent community feel and great schools.

1. 1060 Carnegie 
Address: 1060 Dandenong Road, Carnegie VIC 3163 
One-bedroom apartments from $459,000

[smartcode_project:default project_id=2882]

Located only 1.3 kilometres from the Caulfield campus, 1060 Carnegie enjoys the convenience of two train stations, four train lines and a dedicated tram route.

Beautiful parks, gardens and sport facilities provide vast amenity to students, homeowners and visiting scholars.

Delivered by Fortune Property Group and designed by Peddle Thorp Architects, the apartments feature landscaped lawns, rooftop garden and integrated storage space.

2. Equus, Glen Huntly 
Address: 28 Watson Grove, Glen Huntly VIC 3163 
One-bedroom apartments from $470,000

[smartcode_project:default project_id=28063]

Placed in the intimate suburb of Glen Huntly, Equus affords a superior quality of life in an exceptional location, just 11 kilometres south-east of the CBD and 1.2 kilometres from the Caulfield campus.

Owner-occupiers and investors will enjoy the area’s relaxed energy and family-friendly neighbourhood.

Equus comprises 39 apartments and offers outdoor entertaining areas, considered space and bright open space.
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According to the Demographics Group’s Simon Kuestenmacher, international students will likely drive a correction in prices for student-focused apartments in the longer term

Student apartments for under $500k close to Monash University campuses

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As ME Bank records buoyed positive sentiment amongst Aussie property investors and Westpac forecasts Melbourne dwelling values to rise 10 per cent in 2021, now may be the ideal time for investors to secure a new apartment.

Although Melbourne’s property market still has some way to go before it returns to pre-COVID levels, the current circumstances provide a unique opportunity for buyers to secure an apartment before investors return to the market in full force.

For those hoping to get ahead of the anticipated increase in activity, Urban takes a look at five two-bedroom apartments in Melbourne for under $800,000. 
 

1. 661 Chapel Street, South Yarra 
Address: 661 Chapel Street, South Yarra VIC 3141 
Two-bedroom apartments from $798,000

[smartcode_project:default project_id=600]

Located just three-kilometres south-east of the Melbourne CBD, 661 Chapel Street provides investors with great opportunities to capitalise on high-income professionals who are renting in Melbourne.

Although South Yarra has an average rental yield of 3.7 per cent, according to REIV, one two-bedroom apartment in the 661 Chapel Street complex was listed for rent at $950 per week in 2020.

Based on the current two-bedroom apartment price, this reflects a rental yield of almost 6.2 per cent, which is no surprise when you take a look inside the luxury development.

A four-level private lobby, 25-metre pool, grand library and winter garden are among the hotel-like amenities available to residents. 
 

2. Voyager, Docklands 
Address: 103 South Wharf Drive, Docklands VIC 3008 
Two-bedroom apartments from $706,500

[smartcode_project:default project_id=3494]

Research conducted by independent property consulting firm Urbis found that Melbourne’s Docklands residential population is expected to grow at an annual rate of 7.0 per cent per annum over the next five years, providing great opportunities for investors.

The rental market for Docklands is strong with median rents for two-bedroom apartments higher than Greater Melbourne.

Voyager’s large selection of versatile floorplans are designed to suit all homebuyers with luxury homes, inspirational artist apartments and flexi-apartments still available. 
 

3. Hawthorn Park, Hawthorn East 
Address: 33-53 Camberwell Road, Hawthorn East VIC 3123 
Two-bedroom apartments from $670,000

[smartcode_project:default project_id=3730]

Hawthorn Park, located in the small inner-east suburb of Hawthorn East, offers owner-occupiers and investors alike with a luxury residence with a community feel.

The development’s two-bedroom apartments, priced from $670,000, are on par with the suburb’s median two-bedroom unit price of $669,000.

According to the Department of Human Services, two-bedroom apartments in Hawthorn East registered median rental growth of 5.3 per cent per annum in the ten-year period to June 2016.

Offering a very high walk score of 90, large floor plans and an incredible sky bridge pool, homebuyers who purchase an apartment at Hawthorn Park will unlikely be led astray. 
 

4. Hurstmon, Malvern East 
Address: 3 Hurstmon Street, Malvern East VIC 3145 
Two-bedroom apartments from $795,000

[smartcode_project:default project_id=4807]

Marketed towards young professionals and downsizers in Melbourne’s Malvern East, Hurstmon is a stylish home defined by rich layers of experience and character.

Catering to Malvern East’s dominant type of buyer and renter, this home has the potential to become a profitable investment due to its contemporary architecture and great location.

Set amongst beautiful parks, historic gardens and tree-lined streets, Hurstmon provides landscaped green spaces, premium finishes and floorplans responsive to changes and requests by homebuyers.

According to REIV, the average rental yield of units in Malvern East sits at 3.0 per cent. 
 

5. Normanby, Southbank 
Address: 199-201 Normanby Road, Southbank VIC 3006 
Two-bedroom apartments from $726,300

[smartcode_project:default project_id=1487]

Southbank and other CBD suburbs are highly prized for their employment opportunities, well-established communities, great public transport offerings and cultural landmarks.

Normanby’s sophisticated form and elevated amenities create a luxe environment that is sure to deliver the needs of its residents, from investors to owner-occupiers.

The development boasts uninterrupted city views, an elevated infinity pool and hotel services and amenities, thanks to the adjoining AC Hotel by Marriott.
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Current conditions in the Melbourne property markets provide a unique opportunity for buyers to secure an apartment before investors return in full force

April 2021: The top 5 two-bedroom apartments for investors in Melbourne under $800,000

<html><body>Australian home prices are likely to rise another 5% to 10% this year and next, according to Shane Oliver at AMP Capital.

"Prices were being boosted by record low mortgage rates, government home buyer incentives and the recovery in the jobs market.

"But the stop to immigration and weak rental markets will likely weigh on inner city areas and units in Melbourne and Sydney. 

"Outer suburbs, houses, smaller cities and regional areas will see relatively stronger gains in 2021," he forecast.

His comments came after housing finance rose to a new record; and house prices rose at their fastest pace in nearly 18 years. 

"While home building approvals fell sharply this reflects volatility driven by the HomeBuilder incentive scheme with dwelling construction still on track for strong growth.

"There was some other good news too with the share of housing and small business loans in payment deferrals collapsing further to just 1.8% and 1% respectively in January," he added.</body></html>

The stop to immigration and weak rental markets will likely weigh on inner city areas and units in Melbourne and Sydney

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