<a href="https://www.apartments.com.au/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">AURA</a>&nbsp;doesn’t just rise over North Sydney, it redefines it. Now in its final release, <a href="https://www.apartments.com.au/developers/aqualand-australia">Aqualand</a>’s $1 billion architectural statement is not just complete, but already reshaping the way people live, connect and dine in this rapidly evolving harbourside CBD.

Positioned beside the new Victoria Cross Metro Station and boasting panoramic views across Sydney Harbour, Aura’s 386 residences crown a mixed-use precinct designed with unapologetic ambition. The curvaceous sandstone-inspired form by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, paired with <a href="https://www.apartments.com.au/interior-designers/richards-stanisich">Richard Stanisich</a>’s understated interiors, sets a design tone that’s both monumental and intimate.

At its peak, literally, the two penthouses so spectacular they command their own names; La Davina and Il Magnate. The residents are spread across the&nbsp;entire top floor, offering what many consider the most refined residences ever built in North Sydney. Designed by Richard and Kirsten Stanisich, each four-bedroom home is meticulously crafted to evoke calm, space, and permanence.&nbsp;

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/VB70993aG-I?si=adRBlXQliYmYvaSz" title="YouTube video player" width="560"></iframe>

The kitchens are fully wrapped in natural stone, with integrated Gaggenau appliances, Sub-Zero fridges, concealed sculleries, and even a zip hydro tap delivering boiling, chilled and sparkling water on demand. A linear stone fireplace anchors the open-plan living space, dividing lounge and dining zones with quiet sophistication.&nbsp;

[smartcode_project:default project_id=30959 project_image_fid=292861]

The master suite, meanwhile, feels more like a private retreat, complete with a custom stone makeup vanity, walk-through dressing area, and spa-inspired ensuite with heated stone floors, a freestanding Villeroy &amp; Boch tub, and timber veneer joinery throughout.

Kirsten Stanisich, Director of Richards Stanisich, said the penthouses offer incredible scale reflective of a single residence.&nbsp;

“We sought inspiration for these remarkable residences from the classic top-floor Parisian apartment," Stanisich said.

"We looked at what made these French apartments so elegant and found it really came down to their scale. It was ultimately this generosity of space that we used for the AURA penthouses, where we’ve designed considered rooms with deep large-scale proportions."

[smartcode_project:default project_id=30959 project_image_fid=310337]

Everyday living at Aura feels no less elevated. A dedicated 24-hour concierge, Technogym fitness centre, sky dining terraces, and a resort-style pool serve a lifestyle designed to rival luxury hotels.

At street level, Aqualand’s own hospitality arm, Etymon Projects, curates a precinct of LA-style bistros, Japanese fine dining, and local wine bars, all seamlessly integrated into the building’s sculptural podium.

[smartcode_project:default project_id=30959 project_image_fid=310337]

This final chapter, aptly dubbed The Finale, is more than a sales phase, it’s an invitation to two of the most exclusive apartments ever to be built in North Sydney.

With limited residences remaining, buyers can access curated incentives including stamp duty rebates, rental guarantees, legal fee coverage, and even $20,000 towards dining within the precinct.

From generous one-bedders to The Icons, two singular penthouses priced well into prestige territory, Aura’s offerings reflect a scale and calibre rarely seen in urban Sydney. And with move-in now immediate, this is no longer a promise of future luxury. It’s happening.

[smartcode_project_cta:default project_id=30959]

Staff Writer

Aqualand unveils penthouse collection at AURA By Aqualand in North Sydney

There’s no sign of the development wave that began several years ago slowing along Old Burleigh Road.

Around 10 new apartment developments are either underway or preparing to launch along the 800-metre strip stretching from the southern edge of Surfers Paradise towards the heart of Broadbeach, collectively adding just shy of 1,000 new apartments to the beachfront corridor.

The latest plans propose a further 30 apartments to replace an original six-unit walk-up on a 658 sqm site at <a href="https://www.apartments.com.au/new-apartments/20a-old-burleigh-road-surfers-paradise-qld-4217">20A Old Burleigh Road</a>. The 14-storey building has been designed by Ferro Chow Architecture, which recently joined the Elevation Architecture Group.

The developer behind the project is Geoffrey Booth, whose Future Liv In has focused on delivering rental accommodation across regional Australia.

<img alt="Old Burleigh Road" data-entity-type="file" data-entity-uuid="99d393e7-d404-43bc-80cb-6255c39b83d6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-01-05%20at%2012.28.44%E2%80%AFPM.png?VersionId=ZFT8F3mOny4M4ut.kFF3woC9WH9oR5gT" />

The Old Burleigh Road development will comprise 18 two-bedroom apartments, 10 three-bedroom apartments, and a single four-bedroom residence occupying the entirety of level 12. Above, the building will be crowned by a two-storey penthouse with its own private lift, several multi-purpose rooms, and two rooftop terraces — one featuring a puppy lawn and spa, the other offering a private swimming pool, sunset deck, and built-in barbecue.

Resident amenities will be located on the second level and include a pool with adjoining spa, cabana, and pool deck, along with an indoor residents’ lounge featuring a bar and an alfresco barbecue kitchen.

In the architectural statement submitted by Elevation Architecture, the project is referred to as “UMI”, which the firm says has been “inspired by the majestic hinterlands and shaped by the coastal climate”.

“It is an exemplar of how community living can still feel at one with nature, breathable, and deeply connected in place,” the architects noted.

They added that the site benefits from established building separation to adjoining towers, helping to maintain privacy, sunlight, and residential amenity, while still offering direct beach access within an urban setting.

“Drawing inspiration from the Gold Coast hinterlands and the region’s natural landscape, the podium and tower detail highlights the contrasting elements of treetop green and cliff-face peach. The vibrant texture and materiality shaped by time has a richness in depth and character.”

<img alt="Old Burleigh Road" data-entity-type="file" data-entity-uuid="b3d6c923-a0ab-4d74-86da-177313447e8e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-01-05%20at%2012.28.38%E2%80%AFPM.png?VersionId=i2fygmoVQM6hWpbATTAW_yTitoMTrnI1" />

Old Burleigh Road has become a hotspot for developers, with the three-tower Jewel development kickstarting a wave of projects up and down the strip when it was completed in 2020.

Currently under construction and approaching completion is <a href="https://www.apartments.com.au/new-apartments/faro-broadbeach-123-old-burleigh-road-broadbeach-qld-4218">FARO Broadbeach</a> by 5Point and Bottega, 21 large-scale half- and full-floor apartments. 5Point is also behind the recently launched <a href="https://www.apartments.com.au/new-apartments/lumara-108-old-burleigh-road-broadbeach-qld-4218">Lumara</a>, another 37 apartments to add to the pipeline.

Luxury builder GRAYA is progressing construction on <a href="https://www.apartments.com.au/new-apartments/enclave-by-graya-118-old-burleigh-road-broadbeach-qld-4218">Enclave</a>, its first Gold Coast tower, while Polycell remains the most active developer on the street. They are preparing to launch <a href="https://www.apartments.com.au/new-apartments/sandpiper-broadbeach-155-old-burleigh-road-broadbeach-qld-4218">Sandpiper</a>, a 50-storey redevelopment of the former Sandpiper Holiday Resort that will deliver around 200 apartments alongside extensive resident amenity. The group also has another 130-apartment project approved nearby, as does <a href="https://www.apartments.com.au/news/qld/dvb-approved-for-second-broadbeach-apartment-development">Dean Gallagher’s DVB Projects</a>.

Joel Robinson

First look: Old Burleigh Road apartment development wave continues

Sunshine Coast developer Habitat Development Group continues to position itself as one of the region’s largest new apartment developers.

Its latest project is in Maroochydore, where it is currently delivering <a href="https://www.apartments.com.au/new-apartments/the-millwell-2-millwell-road-east-maroochydore-qld-4558">The Millwell</a>. Adjacent to the new 53-hectare Maroochydore City Centre project, Habitat is planning a further 180 apartments on a 3,468 sqm site at <a href="https://www.apartments.com.au/new-apartments/132-136-aerodrome-road-maroochydore-qld-4558">132–136 Aerodrome Road</a>. The site was purchased with approval for a smaller 13-storey, 103-unit building.

Habitat will demolish the two existing retail centres, currently home to the Salvation Army Family Store and Neighbours Aid, and replace them with an 18-storey building featuring the significant rooftop amenities that have become a hallmark of Habitat developments in recent years. The rooftop will include both indoor and outdoor spaces, anchored by an infinity swimming pool.

<img alt="Maroochydore" data-entity-type="file" data-entity-uuid="ad434d07-666b-4614-b33e-530ad6a2d261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-01-05%20at%2010.12.33%E2%80%AFAM.png?VersionId=7pyLsPWKQuwv0us3_v.9DmbzEc2VZe9Z" />

There will be a mix of one- to four-bedroom apartments.

The Development Assessment Report, submitted to the Sunshine Coast Council, says the proposal&nbsp;is not speculative, but a response to both zoning intent and demonstrated housing need.

“The proposed development represents an appropriate and logical intensification of the site, consistent with the planning framework and the intended urban outcomes for the locality.”

Across the Sunshine Coast, councils are increasingly scrutinising not just height or yield, but whether new projects genuinely align with the long-term structure plans underpinning growth corridors. The&nbsp;ASTP Planning Report&nbsp;reinforces the approach, noting that the project has been shaped around site responsiveness rather than generic typology.

“The development has been designed to respond to the physical constraints and opportunities of the site, while delivering a high-quality residential outcome that integrates with the existing and emerging urban context.”

<img alt="Habitat" data-entity-type="file" data-entity-uuid="3a03fc54-4ca5-4868-88d0-eeced70604e2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-01-05%20at%2010.12.28%E2%80%AFAM.png?VersionId=1pkK3lJrrZjkghTLBReM2zatcas4Nc4B" />

In mid-2025, Habitat, a developer that also builds its own projects, commenced construction on The Millwell, located just over one kilometre from the new proposal. The Millwell will comprise more than 200 apartments across two eight-storey buildings.

Habitat also has two projects on Lake Kawana in Birtinya: <a href="https://www.apartments.com.au/new-apartments/st-clair-birtinya-930-931-waterside-retreat-birtinya-qld-4575">St Clair</a>, a 200-unit, two-building development launched last year and set to welcome buyers this year; and Esperance, a 175-apartment project currently progressing through the development approval process.

First look: Habitat continues to bolster Sunshine Coast apartment pipeline with Maroochydore development plans

John Camilleri, the breeder of legendary racehorse Winx, is set to deliver a landmark two-tower beachfront development that would redefine the Surfers Paradise skyline.

Camilleri, who spent around $100 million acquiring development sites across the Gold Coast in 2025, has lodged plans for two new towers on the dress-circle stretch of Garfield Terrace, just two days before Christmas.

In assembling the site, Camilleri's Celestino Developments has effectively acquired the 71 Garfield project by Iris Capital and AALTO by Weiya Holdings, creating an unrivalled <a href="https://www.apartments.com.au/new-apartments/63-79-garfield-terrace-surfers-paradise-qld-4217">4,000 sqm beachfront holding along Garfield Terrace</a>.

The proposal comprises two residential towers of 55 and 48 storeys, linked by a dramatic skybridge which will home “exclusive VIP and wellness amenities.”

In total, the development would deliver 275 two-, three- and four-bedroom apartments across the two towers, rising above a shared landscaped podium that incorporates a central green space and a beachfront swimming pool stretching more than 90 metres.

<img alt="DBI" data-entity-type="file" data-entity-uuid="097900f3-6bef-4919-b168-b08f2f762876" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-30%20at%209.37.58%E2%80%AFAM.png?VersionId=et0SpmcvaPPVrexI_zWi46BVFtZBxAzx" />

Architecture firm DBI, in documents submitted to Gold Coast City Council, said the project at 63–79 Garfield Terrace would “establish a new benchmark for beachfront residential living on the Gold Coast.”

"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. Together, the 48-storey North Tower and 55-storey South Tower form a distinctive twin-tower composition whose dynamic silhouette will make a significant contribution to the Surfers Paradise skyline."

DBI said the architectural language draws inspiration from the fluidity and movement of the coastal landscape.

"Each tower is defined by organic, curving forms and continuous balcony ribbons that wrap the buildings, providing deep shading, enhancing environmental performance, and reinforcing the rhythmic, sculptural expression of the façade. These balcony forms also reduce the apparent mass of the towers while maintaining strong visual continuity from podium to summit. Sculpted reflective downturns run along the western spine of both towers, shifting and lifting as they extend upwards to frame service zones and open eastward to maximise ocean views."

<img alt="Garfield" data-entity-type="file" data-entity-uuid="a2a00ce3-a0e9-45d6-b4b5-b7baed592ac5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-30%20at%209.53.40%E2%80%AFAM.png?VersionId=DnruWV1dhLrtXOeElwekyd7vPq2gw55t" />

The project’s most striking feature is the skybridge at level 45, which will house executive lounges, formal dining spaces, wellness facilities and panoramic ocean-facing views.

“The skybridge enhances the identity of the development, promotes social interaction, and delivers a lifestyle experience not found elsewhere on the Gold Coast,” DBI added.

The podium will host an extensive suite of recreational amenities, including resident lounges, private dining rooms, a large open green lawn, and the signature 90-metre pool stretching along the beachfront. The pool is divided into lap, lounge and children’s zones.

The southern end of the podium will accommodate additional wellness facilities, including a gymnasium, plunge pools, treatment rooms and a dedicated yoga lawn.

<img alt="Garfield" data-entity-type="file" data-entity-uuid="ee1b4f25-231f-4804-83b1-a573a1481962" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-30%20at%209.55.47%E2%80%AFAM.png?VersionId=zObzIA3D5w7EwqPsHjr2pKrA4vbB28zL" />

There will be 127 apartments in the North Tower and 148 in the South Tower, including multiple penthouses, while the Enderley Avenue and Oceanway frontages will be activated by a series of food and beverage tenancies.

Camilleri emerged as the most active site acquirer on the Gold Coast in 2025. He spent just over $30 million acquiring Pacific Point, a 10-level Surfers Paradise apartment block and an adjoining three-level duplex, from fellow racing identity and Aquis billionaire Tony Fung. Plans are now underway for a 93-apartment, 40-storey tower on the 1,682 sqm site.

He also paid $53.65 million for the 1,500 sqm Garfield Terrace site previously marketed as AALTO by Weiya Holdings, before acquiring the adjoining parcel from hotel billionaire Sam Arnaout’s Iris Capital, the developer behind V&amp;A Broadbeach.

First look exclusive: Billionaire Winx breeder’s bold two-tower Surfers Paradise play with 45th-storey skybridge

The Melbourne-based HLA Group is the latest developer to expand into South East Queensland, lodging plans for a unique mixed-use short-term accomodation and apartment building in Taringa, with the building design inspired by the Glasswing Butterfly.

The development application for 10 Morrow Street seeks approval for a total of 232 dwellings, comprising 116 residential apartments and 116 short-stay accommodation units. The build-to-sell residential component is made up of 31 one-bedroom apartments, 67 two-bedroom apartments, 17 three-bedroom apartments, and a single four-bedroom apartment, offering a diverse mix aimed at singles, couples, families, and downsizers.

<img alt="Taringa" data-entity-type="file" data-entity-uuid="33913cd4-9839-4456-b325-d35b3f8b4694" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.40.26%E2%80%AFPM.png?VersionId=sLvc7jUrYzDwqPDZBPrXTosKHDSp.qrt" />

Designed by Ellivo Architects, the tower takes strong inspiration from nature, with the architectural language driven by one of Queensland’s most delicate species. As described in the planning documents submitted to Brisbane City Council, Ellivo Architects state the design is “inspired by the elegance of the Glasswing butterfly," and mirrors the graceful sweep of its wings, a form that feels light, fluid, and alive.

“Lush subtropical greenery is throughtfull woven throughout, transforming the building into a sanctuary in the heart of the city.”

The proposal positions the building as more than a conventional residential tower, with Ellivo Architects describing 10 Morrow Street as “an urban oasis that blends short term accomodation with residential living. A destination for rest, relaxation, and renewal.”

<img alt="Taringa" data-entity-type="file" data-entity-uuid="84e9a0ff-464e-4973-bffe-5d5a8fe9f087" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.40.32%E2%80%AFPM.png?VersionId=dhX9eVgUaQE2TvCzJPhF8N8_hzYSKpyK" />

Formally, the building’s massing and floorplate are directly shaped by its butterfly inspiration. Ellivo explain that, “adopting the wings of the Glasswing Butterfly, the tower's plan is divided into four distinct quadrants, each shaped to mirror the wing's segmented geometry and taking the slender ‘veins’ up the facade of the tower.”

"This approach results in a sculpted tower form with articulated façades and a strong vertical expression."

<img alt="Taringa" data-entity-type="file" data-entity-uuid="5947011d-ff6c-4a57-bdc1-9072a472a79c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.40.29%E2%80%AFPM.png?VersionId=nnGqd4WCZM8AOJZY.c3u49BO4LurKRhb" />

The Assessment Report by Human Habitats said the 19-storey tower capitalises on its strategic connectivity and prominence at the entrance of Taringa Village and adjoining the Taringa Station.

"The proposal offers a significant revitalisation of the subject site that integrates architectural excellence, innovation, and sustainable design to directly address long-standing connectivity and safety challenges, housing supply , and diversity together with enhanced streetscape activation and convenient access to major transport corridors."

HLA Group Australia is registered to South Yarra and is currently delivering Adamson No.5, just 15 luxury apartments that start from around $2 million.&nbsp;

The Butterfly Effect: Glasswing butterfly inspires Taringa apartment development

Orchard Piper

The luxury apartment developer, Orchard Piper, has paid $67 million for the Mercedes Benz dealership in Toorak, with a view to create a new mixed-use precinct.

The sprawling 3,600 sqm&nbsp;site at 7-11A and&nbsp;17-19 Carters Avenue, in the heart of Toorak&#39;s retail and commercial precinct, will see&nbsp;$150 million worth of luxury apartments developed, as well as offices and shops, to revamp the village as a vibrant and modern-day high street.

It&#39;s been a three years process for Orchard Piper to secure&nbsp;the 10 individual titles. In addition to the recent purchase, Orchard Piper spent $28&nbsp;million on a 1,400 sqm holding on the corner of Toorak and Mathoura Road, taking their spending in the affluent Melbourne suburb to just under $100 million. The end value across the two projects is expected to be $550 million.

Primed as the last remaining site in Toorak Village, earmarked as a Key Development Site under the Stonnington Council&rsquo;s planning scheme, Orchard Piper is set to submit plans for the site&rsquo;s reformation as a $400 million mixed-use precinct featuring a &lsquo;super-premium&rsquo; residential offering with class leading lifestyle amenities, complemented by high-end retail and commercial suites for boutique family office style owner-occupiers.

Orchard Piper, led by Luke McKie and Rick Gronow, secured the sites from the Hagen family, who had pieced the landholding together since 1932.

&ldquo;Having a close and trusting relationship with the Hagen family allowed us to shape this deal to suit the vendors, they were interested in a high quality outcome for the site, given their longstanding ownership and history,&rdquo; Gronow says.

&ldquo;We have great respect and admiration for the long-standing partnership John Worrell and Karl Hagen shared. The Worrell family began piecing this land together in 1932, following World War I, which eventuated in this un-repeatable parcel on the doorstep of Toorak Village.&quot;

This latest acquisition made by Orchard Piper takes the developer&rsquo;s pipeline to more than $1.1 billion of addresses in Melbourne&rsquo;s most blue-chip locations.

Regarded as Melbourne&rsquo;s leading luxury developer in the residential sector, Orchard Piper&rsquo;s recent Stonnington project Huntingtower Road was last month awarded the National Winner of the Master Builders Associated for best Medium Density building over five dwellings.

[smartcode_project:default project_id=9033 project_image_fid=28445]

Designs for the revamping of the Mercedes Benz location are set to be unveiled in 2023, with construction to commence the following year in-line with Mercedes&rsquo; lease ending. Construction on the Mathoura and Toorak Road corner site is on track to commence early next year.

McKie says the architectural response to the 3,600 sqm site should reflect the significance of its location.

&quot;We&rsquo;ve been actively involved in the area for over thirteen years, having developed six previous projects within minutes of this site,&rdquo; McKie says.

&ldquo;It is now widely acknowledged that Toorak Village is coming into a new era. This combined with our two new sites and Stonnington Council&rsquo;s recent street art and furniture investment will ensure the Village lifts to new heights.&quot;

Orchard Piper, led by Luke McKie and Rick Gronow, secured the sites from the Hagen family, who had pieced the landholding together since 1932

Orchard Piper secure Toorak's Mercedes Benz dealership, plot mixed-use precinct

The Melbourne-based developer&nbsp;Orchard Piper has secured a rare development site fronting Fitzroy Gardens.

The 1,200 sqm site at 364-370 Albert Street, East Melbourne was an amalgamation of three adjoining park-front sites which had been held by the same family for over four decades.

A grand three storey Victorian townhouse will be restored and offered as a townhouse.&nbsp;There will be&nbsp;a further&nbsp;six residential levels comprising 14 apartments and two levels of private offices.

Each apartment will take in views of Melbourne&#39;s CBD or Fitzroy Gardens.

Orchard Piper&nbsp;have had their go-to architect Jolson Architects, who were behind the famous Pt Leo Estate down on the Mornington Peninsula, draw up the plans. It&#39;s the sixth collaboration&nbsp;between the two.

Orchard Piper director Luke McKie said the strategic site acquisition and planning permit represented a significant step forward for the brand, and the next phase of the Orchard Piper story.

&ldquo;We have been actively acquiring sites through COVID with a view to significantly bolstering our pipeline as we move into more substantial projects in Melbourne&rsquo;s best locations.&rdquo;

<img alt="" height="2401" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/orchard_directors.jpg" width="1600" /> 
Orchard Piper directors Luke McKie, left, and Rick Gronow, right. Image supplied 
 
&ldquo;This East Melbourne project has been designed in direct response to more than 13 years of market feedback from our local owner occupiers. Living spaces will be ample, with home offices and master suites just as you would expect in a detached house&rdquo; adds McKie.

&ldquo;This is our sixth project with our long term design partners, Jolson. The collective knowledge from this partnership places our projects in rare territory where historic feedback from our residents continues to shape our future offerings.&rdquo;

Orchard Piper co-founder and director Rick Gronow said they have&nbsp;continuous demand from their buyers and repeated enquiries for an Orchard Piper offering in East Melbourne.

&quot;This site is as good as it gets, and we are excited to be able to soon offer these properties to the market.&rdquo;

Orchard Piper is set to&nbsp;launch the project in the second half of 2021.

Each apartment will take in views of Melbourne's CBD or Fitzroy Gardens

Orchard Piper to build mixed-use development on Fitzroy Gardens

<html><body>
For almost ten years, Melbourne-based Orchard Piper has been developing boutique projects targeted at a very niche owner-occupier market. Working exclusively with Jolson Architecture, their projects are generally comprised of around 10 residences, all with a gross realisation of around $40 million in tightly held inner-ring suburbs.

With the now sustained trend in the property market toward the owner occupier and drop off of international investors, Orchard Piper Director Luke McKie notes that, “if you are not willing to adapt to the demands of the owner occupier, you won’t be able to service this swing in the market."

Orchard Piper's most recent project - Huntingtower Road - is a boutique two-level project of just 10 apartment surrounded by gardens on a 2,000 square metre site on Huntingtower Road, tailored specifically for people considering a move from large homes in Melbourne’s inner eastern suburbs.

Located between High Street and Malvern Road, 35 Huntingtower Road sees Orchard Piper once again engage Melbourne Architect Stephen Jolson, alongside acclaimed horticulturist Myles Baldwin, to the design team to maximise and enhance the project's garden setting.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/1729_orchard_piper_ext-hero.jpg" rel="gallery-all" title="Orchard Piper's Huntingtower Road Project sits within a garden designed by Myles Baldwin. Image : Gabriel Saunders"><img alt="" class="image-article-full-width-580px" height="348" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/1729_orchard_piper_ext-hero.jpg?itok=mgmsKI3m" title="Orchard Piper's Huntingtower Road Project sits within a garden designed by Myles Baldwin. Image : Gabriel Saunders" width="580"></a>

<figcaption>Orchard Piper's Huntingtower Road Project sits within a garden designed by Myles Baldwin. Image : Gabriel Saunders</figcaption></figure><blockquote>
We entrusted this incredibly rare 2000-square metre site to our highly experienced and talented design team to deliver a project with integrity and substance. They created Huntingtower Road – a property far beyond anything Armadale has seen before in this section of the market.

- Luke McKie, Director, Orchard Piper
</blockquote>

Urban.com.au asked McKie for his thoughts on the shift in the market and how Orchard Piper might be best positioned to respond greater demand for service and customisation

Urban.com.au : Orchard Piper have always had a predisposition towards the higher end of the owner-occupier market and a development model which generally results in a speedy town planning process. What was the key driver behind these decisions?

Luke McKie : The two points you’ve raised are critically linked. When Owner Occupiers are your primary buyer, there’s little compassion for a drawn out planning process causing delays to a project.

Our clients typically want to sell their family home, plan their move and get on with their lives. One of our strengths is our ability to identify and acquire premium addresses that can be developed within the Council's objectives resulting in a much quicker planning outcome.

UM : Are you surprised that there are few other developers taking this approach? Or is it still a very niche market, particularly when considering the locations of previous Orchard Piper developments?

LM : It’s a very time consuming and inefficient process, but highly rewarding for us. The ability to engage with our clients, neighbours and Council regularly allows us to continually evolve and improve our product.

We have a very good understanding of our market and community expectations.

There is an ever growing number of developers in our market space, particularly following the slow down of the overseas / investor buyer. I’ll be curious to see how developers new to the owner-occupier space adjust to the demands of this sector, it’s certainly not straight-forward.

UM : What is an ideal development size for Orchard Piper in terms of number of dwellings and also scale?

LM : Historically between 5 and15 properties per project, but we really have no ideal. So long as our buildings and properties within have a strong sense of identity and clients can maintain the balance of privacy and ownership over the building, we are happy to proceed.

UM : Any observations re: the last 6 months and impact of new stamp duty regulations?

LM : Not directly on us, but in speaking with peers, the effect seems to be dramatic. Most developers I speak with, who were in the “stamp duty sensitive space” say that sales have slowed to a trickle or have stopped completely.

I’m sure there’s a lot of pain out there, but it can take time to filter through in an otherwise strong economy. It will start from financiers looking for loan paybacks, when projects get to that point.

UM : What are your expectations for the year ahead?

LM : A continued focus toward the underlying demand of the local buyer and the ongoing exposure of those with poor fundamentals. If your outlook and business model remain macro and disciplined these bumps will create opportunities in the year ahead.

UM : What are some of the fundamentals of Orchard Piper projects and responding to the demands of owner-occupiers? What does Orchard Piper do differently?

LM : The never ending loop of offering a product to market, listening to feedback and integrating that into your next project; this ensures we’re always in touch with our market. We always work as if we’re developing the property for someone in our own family.

Our design intuition, attention to detail, uncompromising standards and ability to source un-repeatable sites sets us apart. We also maintain a deep respect for our clients and our creative team.

We have a wonderful sense of pride and ownership in our project team which we feel is embodied in our projects and ultimately passed through to our clients in their new home. We are also open to change, which in the property development world, immediately sets us apart.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gabrielsaunders_orchardpiper_apt1-living-courtyard.jpg" rel="gallery-all" title="Apartments within Huntingtower all take advantage of a verdant garden aspect. Image : Gabriel Saunders"><img alt="" class="image-article-full-width-580px" height="357" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/gabrielsaunders_orchardpiper_apt1-living-courtyard.jpg?itok=XqrVlbKR" title="Apartments within Huntingtower all take advantage of a verdant garden aspect. Image : Gabriel Saunders" width="580"></a>

<figcaption>Apartments within Huntingtower all take advantage of a verdant garden aspect. Image : Gabriel Saunders</figcaption></figure>
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Laurence Dragomir

Orchard Piper's Luke McKie discusses the shift to the owner-occupier market

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Apartments of this ilk are not a common occurrence across Melbourne.

Offered the opportunity to visit Orchard Piper's freshly completed penthouse atop their Washington Street development in Toorak, Apartments.com.au jumped at the chance to view what is now Melbourne's newest entrant in the ultra-luxury apartment living stakes. Apartments.com.au was guided through the development by Orchard Piper's Luke McKie, who along with Rick Gronow spearhead the development firm.

Whilst the other five dwellings that constitute Washington Street have been sold, the 1,000sqm penthouse has been held back by the development team with the expectation that the final product would effectively speak for itself.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image6wash.jpg" rel="gallery-all" title="Living area and outdoor terrace"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image6wash.jpg?itok=0fB2Ydd3" title="Living area and outdoor terrace" width="580"></a>

<figcaption>Living area and outdoor terrace</figcaption></figure>Washington Street's penthouse is split between 580sqm of internal living and 420sqm across multiple external terrace spaces. It may not have reached such ample proportions if not for Luke McKie moving into the existing property and befriending the neighbouring land owner.

Far from the stories of internationally-backed developers swooping on prime sites and developing almost immediately, Orchard Piper initially secured two adjoining properties and played a long game whereby a third adjoining site was eventually added to the development plot over the course of a year.

The then larger site encapsulating 27-31 Washington Street was taken to planning, reflecting Orchard Piper's penchant for high-end developments in blue-chip locations.

Enter Melbourne-based studio Jolson. Washington Street is the fourth collaboration between architect and developer.

It's a successful relationship that Luke McKie describes as being based on a gentlemen's agreement in that despite there being no format agreement, the two choose to utilise one another almost exclusively. This is the case as both parties have a near identical ethos to quality design and project delivery.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image4wash.jpg" rel="gallery-all" title="A bathroom like no other"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image4wash.jpg?itok=k8nXf3O9" title="A bathroom like no other" width="580"></a>

<figcaption>A bathroom like no other</figcaption></figure>Upon touring the finished penthouse it becomes apparent that the attention to detail is (and needs to be) astounding for a project of this nature. 

From computer generated programs that modelled a sole aspect of the dwelling countless times until the entire team found consensus, to the depth of research undertaken both domestically and overseas, or simply sitting in the shell pondering vistas and orientations, it is a process of analysing every aspect of the design and build to the enth degree.

Far away from the repetitive towers that dot the skyline, it's the immense attention to detail in this one penthouse that fosters a feeling of craftsmanship in the finished product which for all intensive purposes is an elevated home. Coupled with underlying themes such as space and proportion, security, natural light and amenity, Washington Street does deserve a ‘one of a kind’ status.

Having previously had experience with the likes of Mirvac and working on such projects as The Melburnian, Luke McKie explains that the detailing within the Washington Street penthouse simply has no peer. For the record, the penthouse is split into two wings by a central gallery hall, and includes a gymnasium, pool, sauna, exercise studio, private garage with separate lobby, dedicated lift access, a 1,300 bottle wine room and cigar bar.

Surrounded on all four sides by gardens, Washington Street's penthouse interior features travertine stone, timber floors, polished plaster walls and bronzed metal detailing. Eckersley Garden Architecture account for the landscape design whilst custom touches are added by New York's Lindsey Adelman Studio and Murano glass maker Venini.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image3wash.jpg" rel="gallery-all" title="Washington Street's penthouse pool with city views"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image3wash.jpg?itok=u-Mp3AWW" title="Washington Street's penthouse pool with city views" width="580"></a>

<figcaption>Washington Street's penthouse pool with city views</figcaption></figure>Luke McKie has flagged an existing Toorak resident as the likely buyer of Washington Street's penthouse. He believes the 1,000sqm penthouse will meet the expected sale price of $20 million, or $20,000 per square metre, which is not uncommon in Toorak.

Beyond successfully completing Washington Street, Orchard Piper's nous for high-end projects will shift to Armadale, where a 2,000sqm land plot at 35 Huntingtower Road is in their sights.

Simply dubbed Huntingtower, the project will consist of 10 Jolson-designed oversized residences across two levels. Two and three-bedroom dwellings are in the offing; internal areas ranging between 160 to 370sqm whilst private outdoor spaces peak at 215sqm. 

Once more Orchard Piper hopes to tap into buyers from suburbs immediately surrounding Armadale.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image1htto.jpg" rel="gallery-all" title="Huntingtower is Orchard Piper's next project"><img alt="" class="image-article-full-width-580px" height="603" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image1htto.jpg?itok=T_LyU75k" title="Huntingtower is Orchard Piper's next project" width="580"></a>

<figcaption>Huntingtower is Orchard Piper's next project</figcaption></figure>Apartments.com.au utilised the images provided by Orchard Piper.
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silvermb

What it takes to deliver Melbourne's latest $20 million penthouse

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Melbourne architectural developer <a href="/developers/orchard-piper">Orchard Piper</a> is about to commence demolition on the site for their Washington Street project, which would see the creation of one of <a href="/new-apartments/toorak-vic-3142">Toorak’s</a> most luxurious apartment developments featuring a $15 million Penthouse <a href="/news/return-of-the-luxury-penthouse">covered last year</a> on Apartments.com.au.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/140908_-_washington_street_-_r001_-_elevation_2000_0.jpg" rel="gallery-all" title="Washington Street. Image courtesy Orchard Piper"><img alt="" class="image-article-full-width-580px" height="278" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/140908_-_washington_street_-_r001_-_elevation_2000_0.jpg?itok=BpfFLsxY" title="Washington Street. Image courtesy Orchard Piper" width="580"></a>

<figcaption>Washington Street. Image courtesy Orchard Piper</figcaption></figure>Washington Street presents as a unique apartment offering, a project that for Orchard Piper represents a commitment to contemporary design and sets a benchmark for collaboration on a global scale. Unlike the traditional property ‘developer’ model, design is very much at the forefront of Orchard Piper's projects with very aspect of the developments beginning and ending with meticulous design and exceptional attention to detail. Washington Street this commitment.

Washington Street consolidates three residential blocks into one site located at <a href="/buildings/washington-street-27-washington-street-toorak">27-31 Washington Street, Toorak</a>. Comprising six spaciously proportioned residences over three floors the project also features a penthouse that Orchard Piper believes "will sit comfortably amongst the best in Australia, if not the world."

With architecture by regular collaborator Stephen Jolson of <a href="/architects/jolson">Jolson Architecture</a> and seasonal landscaping by Eckersley Garden Architecture, Washington Street includes two ground floor 'Garden Residences' with expansive north facing gardens and three first floor residences, known as 'The Terraces', sitting comfortably within their green surrounds.

To crown the building, one 1,000sqm penthouse, conceived as a whole floor pavilion sunken into a garden surround, the ‘one of a kind’ penthouse will include a gymnasium, pool, a private garage with separate lobby with dedicated lift access opening onto the gallery hall, in addition to a 1,300 bottle wine room and bar. The Washington Street penthouse will feature expansive city views and comes with a price tag in excess of $15 million.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/140908_-_washington_-_r010_-_study_2000.jpg" rel="gallery-all" title="Washington Street rooftop. Image courtesy Orchard Piper."><img alt="" class="image-article-full-width-580px" height="326" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/140908_-_washington_-_r010_-_study_2000.jpg?itok=AYTOz1J9" title="Washington Street rooftop. Image courtesy Orchard Piper." width="580"></a>

<figcaption>Washington Street rooftop. Image courtesy Orchard Piper.</figcaption></figure>Internally, Jolson has sought to create a sensory experience: Washington Street homes have been designed to allow maximum natural light to filter through into free-flowing, flexible spaces where attention to detail is paramount. The interiors draw on the rich collaborations with international artisans who have been commissioned to make one-of-a-kind fixtures and fittings for the building. Notably, New York based lighting designer Lindsey Adelmen was commissioned by Orchard Piper to design a custom fitting for the entry lobby, and eminent Venetian glass house Venini will be undertaking their first Australian collaboration, creating glass spheres that will identify the apartments.

Every material has been scrutinised for its aesthetic, functionality and contextual relationship, creating interiors that are simple, considered and lasting. Lindsey Adelmen’s organic and industrial forms will add a further graceful dimension to the project, while the bespoke glassware of Venini will further accentuate the residences' majestic features.

Based on their experience with clientele at Davis Avenue, where almost every buyer engaged their own interior designer, Orchard Piper have responded to this desire at Washington Street by engaging Jolson Interiors to curate custom furniture packages to suit every unique apartment layout in the building. The furniture packages are hand picked by Jolson Interiors from Melbourne’s best contemporary furniture suppliers including, Cult, Space, Hub &amp; Poliform.

Orchard Piper have also engaged the sound engineers of Bang and Olufsen to tailor AV packages for each residence which will also be equipped with state-of-the-art Rimadescio walk-in wardrobes

Architect, Stephen Jolson, has used architectural principals of perspective and proportion to create a "perfect sense of place". Washington Street is very much about luxury that is instinctively sensed upon arrival.

<blockquote>
Washington Street represents everything Orchard Piper stands for, a building of understated elegance with considered and thoughtful interiors, where luxury is provided in light, space and proportion. This project will present Toorak with an unrepeatable offering and a beautiful addition. Our projects are built to our own standards, as we would want them finished for ourselves to live in.
<cite>Luke McKie, Director, Orchard Piper</cite>
</blockquote>

Around the corner in Hawksburn, on a site located adjacent to Hawksburn Village, Orchard Piper's St John Lane project is progressing on site with completion penciled in for November this year. A clever, considered architectural solution on a very awkward site, the building has seen Orchard Piper once again engage Stephen Jolson to conceive a design that draws on the simplicity and inventiveness of Japanese architecture, with interlocking forms over three levels.

St Johns Lane unlocks a residential opportunity that captures views over Toorak towards the South Yarra and Melbourne skylines,limited to just four residences. The upper storey is recessed and spills with landscape tracery, creating a notion of a secluded urban retreat. The entire structure is configured to capture maximum light and views, while providing privacy within an inner-city environment and activating the laneway in tandem with Orchard Piper's upcoming project on Mathoura Road.

The entrance is a subtle metal portal with integrated address signage piercing the façade. Internal spaces slowly reveal themselves, using natural tones of oak and stone to transition from the laneway backdrop to private and spacious havens.

<h2>About Orchard Piper</h2>

A lifestyle brand for contemporary property development, Orchard Piper is a partnership of two Directors, Luke McKie and Rick Gronow. Both have a desire to deliver unparalleled contemporary homes of beauty and integrity to owner occupiers in Melbourne. Their starting point and philosophy when it comes to design and property is simple: would they and their friends or family live in the homes? On the back of a handful of projects Orchard Piper has quickly developed a reputation as one of the more architecturally minded developers in Melbourne, with an understanding that excellent outcomes come from collaborations with highly talented individuals.

To this end, Orchard Piper commit to working with leaders in Architecture, Design, Landscape and Construction, delivering projects of some of the highest design integrity and attention to detail you can find. Orchard Piper’s portfolio has quickly built to be valued in excess of $110 million and its attention is now focused on three residential developments: St Johns Lane, Washington Street and Mathoura Road, following completion of the Davis Avenue, <a href="/new-apartments/south-yarra-vic-3141">South Yarra</a> project.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/orchard_piper_mathoura_rd_external_reduced.jpg" rel="gallery-all" title="Mathoura Road. Image courtesy Orchard Piper"><img alt="" class="image-article-full-width-580px" height="357" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/orchard_piper_mathoura_rd_external_reduced.jpg?itok=txOgz1Tb" title="Mathoura Road. Image courtesy Orchard Piper" width="580"></a>

<figcaption>Mathoura Road. Image courtesy Orchard Piper</figcaption></figure><blockquote>
Architectural craftsmanship is at the heart of every Orchard Piper project. Each property is developed through collaboration with design leaders, resulting in a portfolio of expressive, refined properties of enduring integrity.
<cite>Orchard Piper</cite>
</blockquote>

With a unique commitment to contemporary architectural craftsmanship, Orchard Piper properties are textured, refined and livable. Orchard Piper residential collections can be found in Melbourne’s most sought after and tightly held locales including Toorak, South Yarra with more to follow.

Orchard Piper differentiate themselves as developers and ‘design’ is the touchstone for every decision they make in the development process. Teaming up with Stephen Jolson they have developed a formula for success which sees them employ a typical 2-3 storey podium of apartments, topped with a recessed penthouse apartment. This strategy towards built form ensures a smooth town planning process as the developments adhere to strict town planning guidelines with relation to built form, adequate setbacks, privacy and overlooking of neighbouring properties.
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Orchard Piper in focus

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Some pizazz has re-entered the top end of the Melbourne apartment market with a handful of penthouse offerings jostling to take centre stage. Far from the investor-driven stock of Melbourne's CBD towers, two current projects are showing their wares in the pedigree stakes.

Perhaps a sign of South Yarra's still exceptional pulling power, the two current projects are located within the locality maintaining differing but spectacular penthouses on offer for.

<h2>Washington Street</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/140908_-_washington_street_-_r001_-_elevation_2000.jpg" rel="gallery-all" title="Looking to set a new benchmark. Image courtesy Orchard Piper"><img alt="" class="image-article-full-width-580px" height="278" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/140908_-_washington_street_-_r001_-_elevation_2000.jpg?itok=Sb8Skl-G" title="Looking to set a new benchmark. Image courtesy Orchard Piper" width="580"></a>

<figcaption>Looking to set a new benchmark. Image courtesy Orchard Piper</figcaption></figure>Jolson Architecture have conceived a fresh project for developer Orchard Piper titled Washington Street. Six oversize dwellings will be located within the three level complex, including a 'super penthouse' expected to fetch in excess of $15 million. A breakdown of internal area size speaks toward the luxury status of Washington Street.

Dual ground floor residences range between 589sqm and 648sqm, including large external terrace/gardens in excess 200sqm. Three first floor abodes average 260sqm of internal living while the 'super penthouse' is precisely that: 570sqm of internal space complimented by a 372sqm external terrace. A total of 942sqm ranks Washington Street's penthouse as one of the largest penthouse apartments available in Melbourne.

<blockquote>
Luxury to us is about making the most of the intangibles, such as light, proportion and aspect, not just the combination of the most expensive items available. We achieve a greater outcome by focusing on creating value through relentless and obsessive design.

Saving money through value management is a fruitless task when compared to the benefit of a truly design led outcome. It’s very rare to find a site where you can completely take the brakes of your design team. Washington Street is a true expression of the collaborative talents we have employed on this project.
<cite>Luke McKie, Orchard Piper</cite>
</blockquote>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/140908_-_washington_-_r013_-_bed_20001.jpg" rel="gallery-all" title="An extended bedroom goes toward Washington Street's prowess. Image courtesy Orchard Piper"><img alt="" class="image-article-full-width-580px" height="363" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/140908_-_washington_-_r013_-_bed_20001.jpg?itok=r9Mbngzy" title="An extended bedroom goes toward Washington Street's prowess. Image courtesy Orchard Piper" width="580"></a>

<figcaption>An extended bedroom goes toward Washington Street's grandeur. Image courtesy Orchard Piper</figcaption></figure><h2>Yarra House</h2>

On a smaller land plot yet with height and never-to-be-built-out views to burn, the under construction Yarra House aims to bring dual penthouses to the South Yarra's Forrest Hill precinct. Designed by Scott Walker of Hassell Studio, the ‘North East Penthouse’ and ‘North West Penthouse’ together act as the crowning glory for the 26 level tower.

Refined stone benchtops, bespoke ensuites, fireplaces, floor-to-ceiling glazing, extensive walk-in robes, designated studies, kitchen walk-in pantries and entertaining space are included in the either three or four-bedroom residences, depending upon the buyers preference. At up to $3.995 million the penthouses represent a departure from the norm in Forrest Hill.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/yate8000_yarra_hp_v19_penthouse_01_to_view.jpg" rel="gallery-all" title="The best of Yarra House. Image courtesy Michael Yates &amp; Co"><img alt="" class="image-article-full-width-580px" height="322" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/yate8000_yarra_hp_v19_penthouse_01_to_view.jpg?itok=I9jZVw5X" title="The best of Yarra House. Image courtesy Michael Yates &amp; Co" width="580"></a>

<figcaption>The best of Yarra House. Image courtesy Michael Yates &amp; Co</figcaption></figure>Closer to the CBD a number of other prestige penthouse apartments and developments have appeared on the radar. Apartments.com.au highlighted what will likely be Melbourne's most exclusive development at <a href="/news/is-this-melbournes-most-exclusive-and-expensive-apartment-development">502 Albert Street, East Melbourne</a> with its massive sky homes, each of which could be considered a penthouse in its own right.

That a handful of luxury penthouses have been released to market loosely around the same time tends to suggest that the top end of the apartment market is still quite healthy with perceived underlying demand; the proof is in the penthouse (so to speak).
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