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

Joel Robinson

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

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

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

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

Billbergia, Metrics, approved for $3.5 billion Sydney skyscrapers

International developer&nbsp;<a href="https://www.apartments.com.au/developers/spg-land">SPG Land</a> is preparing to re-launch its long-awaited $1.5 billion <a href="https://www.apartments.com.au/new-apartments/paradiso-place-surfers-paradise-103-ferny-avenue-surfers-paradise-qld-4217">Paradiso Place</a> development at Budds Beach, bringing a new price point to the Surfers Paradise apartment market.

The developer will release one-bedroom apartments from $825,000 and two-bedroom apartments from $1.24 million in the three-tower development.

According to Urbis, the starting price for the two-bedroom apartments is more than $400,000 below the weighted average sale price for comparable two-bedroom apartments in Surfers Paradise during 2025, which was pinned at $1.7 million.

&nbsp;

Urbis reported quarterly average sale prices for new two-bedroom, two-bathroom apartments ranged from around $1.2 million to $1.7 million throughout 2025, peaking in the December quarter.

[smartcode_project:default project_id=106566 project_image_fid=185853]

Paradiso Place is now moving into its formal sales campaign, with a limited early-release opportunity available ahead of the public launch.

The development will comprise 845 apartments across three towers rising 40, 41 and 44 storeys from a 1.15-hectare site spanning an entire city block. The towers will sit above a new retail precinct.

"Paradiso Place represents a rare opportunity in today's market, offering premium apartments at a price point that is significantly more competitive than anything else currently available," SPG Land Sales Director Brad McMahon said.

"When you look at comparable new developments across Surfers Paradise, Main Beach and the Southern Beaches precinct, buyers are typically paying hundreds of thousands more for a similar product.

"The scale of this project and the developer-builder construction model allows us to unlock efficiencies that smaller developments simply cannot achieve. We are passing those benefits directly to buyers, while still delivering a five-star residential experience with an unmatched lifestyle."

[smartcode_project:default project_id=106566 project_image_fid=374280]

Each of the three towers designed by Rothelowman will have its own podium, connected by an elevated skybridge network to create a beachside village for residents. The resident amenity has been designed to rival a five-star hotel, with private dining rooms, resident lounges and entertainment spaces.

McMahon said the pricing strategy was a deliberate response to the current market.

"What Paradiso Place offers is a unique balance, genuine value within a premium market. Buyers are not compromising on quality, design or amenity, they are gaining access to it at a more competitive price point at a time when prices across the Gold Coast continue to reach new highs."

[smartcode_project:default project_id=106566 project_image_fid=362498]

Located around 100 metres from the beach and within walking distance of the Surfers Paradise North light rail station, Paradiso Place occupies one of the Gold Coast's most tightly held beachfront precincts.

Construction is continuing to progress, with eight of the project's 112 foundation piles now complete. Excavation has also commenced on the first diaphragm wall panel, with the first concrete poured on 15 June, marking a key milestone in the project's early works program.

[smartcode_project_cta:default project_id=106566]

SPG Land launches $1.5 billion Paradiso Place at attractive price point

Luxury developer-builder <a href="https://www.apartments.com.au/developers/lowe-living">Lowe Living</a> has achieved a new Victorian benchmark for an off-the-plan apartment, with the sale of two penthouses at its ultra-exclusive Maison Savoy development in Brighton.

The two penthouses achieved a combined sale rate of $49,926 per sqm. Both transactions eclipsed the previous identified Victorian off-the-plan price-per-square-metre benchmark, set by the 449 sqm apartment at Como Toorak, which sold at $46,659 per sqm.

[smartcode_project:default project_id=140818 project_image_fid=366473]

<a href="https://www.apartments.com.au/new-apartments/maison-savoy-brighton-150-esplanade-brighton-vic-3186">Maison Savoy</a>, Lowe Living's redevelopment of the former Brighton Savoy Hotel on absolute beachfront land at 150 The Esplanade, Brighton, has gained significant momentum since launching just eight weeks ago. Around 30 per cent of the project's 19 residences have already been secured, generating approximately $45 million in sales.

"Securing two of the three penthouse sales at this stage, within eight weeks of launching to market speaks to the confidence our clients place in Lowe Living," Lowe Living co-founder Emma Lowe said.

"They know we'll be with them through every stage of the journey, and that assurance is something we've worked hard to earn and never take for granted."

[smartcode_project:default project_id=140818 project_image_fid=366474]

Lowe said Maison Savoy was conceived as a genuine alternative to a prestige Brighton home, combining house-scale proportions with the convenience, security and lock-up-and-leave appeal of apartment living.

Lowe Living co-founder Tim Lowe said the early sales success demonstrated the resilience of Melbourne's prestige market and highlighted the growing demand for house-sized apartments among ultra-high-net-worth buyers.

"The Melbourne market has definitely been tested in recent years, with interest rates and global economic factors all creating a period of uncertainty across the real estate sector. The sales success at Maison Savoy however demonstrates that confidence remains exceptionally strong at the top end of the market.

"The prestige market is being driven by long-term lifestyle decisions rather than short-term market sentiment, which continues to create a level of certainty that befits an absolute beachfront property in a blue-chip location like Brighton.

"Brighton's fundamentals remain among the strongest in Melbourne, with limited new supply, enduring demand from an overwhelmingly local owner-occupier market, and a rare combination of beachfront amenity and proximity to the CBD."

[smartcode_project:default project_id=140818 project_image_fid=374378]

According to Cotality, Brighton remains one of Melbourne's most tightly held prestige suburbs, with an average ownership tenure of 15.3 years for houses and 12.3 years for units, while more than 73 per cent of homes are owner-occupied.

Tim Lowe said selling two of the project's three penthouses so early in the campaign was an uncommon result.

"This sales result is a reflection of quality and understanding the local market. It's incredibly rare to transact the penthouses so early in a sales campaign in any project so to have sold two of the three penthouses at Maison Savoy so soon after launch, all in-house without any external sales agency appointed, is reflective of our careful consideration of our buyers' needs and lifestyle.

"This is knowledge that is accumulated not just from data and demographic analysis, but via a deeply embedded understanding of how this type of buyer wants to live and feel in their home. We pride ourselves on getting to know our clients personally, and over the last 10 years we have been able to refine our product offering by talking one-on-one with our clients about their design and floorplan preferences.

"Being a fully integrated developer-builder with an in-house design and sales team allows us to lead every part of the process and ensure the highest quality of product and service at every touchpoint. It's a really important part of our DNA and the recent sales success at Maison Savoy indicates that our clients and purchasers are resonating with this point of difference.

"It reinforces that demand remains strong for thoughtfully designed residences that offer rarity, lifestyle and long-term value in tightly held locations, which ultimately validates Maison Savoy's positioning as creating a new benchmark for house-scale, wellness-led apartment living on Brighton's beachfront."

&nbsp;

[smartcode_project:default project_id=140818 project_image_fid=366480]

The residences at Maison Savoy start from 295 sqm, with most enjoying uninterrupted views across Port Phillip Bay. The project sits moments from the Brighton Bathing Boxes, Royal Brighton Yacht Club, Middle Brighton Baths and Church Street's retail and dining precinct.

A key feature of the development is its private residents-only bathhouse, curated by the founder of Aurora Spa &amp; Bathhouse and modelled on traditional European bathing rituals and the award-winning Sorrento bathhouse.

The wellness offering includes a hydrotherapy pool, salt room, sauna, steam room, cold plunge pool, foot activation zone and a Vichy rainfall bed, one of only a handful in Australia. Residents will also have access to a Technogym studio, lounge spaces and a dedicated concierge service offering everything from morning coffee delivery and restaurant bookings to dry cleaning and home coordination.

"Wellness-led design has become a defining factor for luxury buyers," Emma Lowe said.

"Purchasers increasingly value homes that enhance wellbeing through thoughtful design, private amenity, privacy and liveability."

The penthouse purchasers are now undertaking a bespoke customisation process curated personally by architect Pete Kennon and the Lowe Living team, one of the developer's signature service offerings.

Construction on the $160 million transformation of the former Brighton Savoy Hotel site commenced last month, with completion expected in early 2028. The project has secured funding from NAB alongside development partner Monark.

Just one penthouse remains available, along with a limited number of two and three-bedroom residences starting from $3.75 million.

Lowe Living currently has eight projects on the market across Melbourne and recently celebrated its 10th anniversary, having grown a $1 billion development pipeline alongside a $350 million construction pipeline.

&nbsp;

[smartcode_project_cta:default project_id=140818]

Lowe Living set new Melbourne off the plan apartment record

Melbourne

<html><body>
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.
</body></html>

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

<html><body>
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]
</body></html>

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

<html><body>
<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]
</body></html>

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

<html><body>
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. 
 
</body></html>

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

<html><body>
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>
</body></html>

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

<html><body>
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.
</body></html>

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

<html><body>
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.
</body></html>

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

<html><body>
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.
</body></html>

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

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