Preliminary data by research giant Charter Keck Cramer reveals a 54 per cent decline in Build to Sell apartments across Australia's capital cities, while the Build to Rent boom continues with a 378 per cent increase over the last five years.

Charter Keck Cramer's upcoming National State of the Market Report - Key Metropolitan Areas, scheduled for release in September, will reveal&nbsp;a dramatic transformation in apartment supply patterns across Australia's capital cities between FY2016-2020 and FY2021-2025.

The Build to Sell (BTS) apartment sector has experienced a substantial contraction, with total supply falling by 54 per cent compared to the previous five-year period. The decline represents a reduction of 149,200 apartments across all capital cities.

<img alt="BTS Charter Keck Cramer" data-entity-type="file" data-entity-uuid="3db2ddf3-e7c0-481f-b8b9-63efb365cb80" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-20%20at%2011.26.34%E2%80%AFAM.png?VersionId=bsQl8inhZA7FeiPamnGvw1tse0obBdSd" />

Sydney led the downturn with a decrease of 73,600 apartments, followed by Melbourne (-42,800) and Brisbane (-26,800). Perth and Adelaide also recorded significant declines of 6,400 and 2,400 apartments respectively. Only Gold Coast and Canberra bucked the trend, with modest increases of 500 and 2,300 apartments.

In stark contrast, the Build to Rent (BTR) sector has emerged as a major force in the apartment market, recording a remarkable 378% increase in supply. This growth added 8,590 apartments across the capital cities during FY2021-2025. Melbourne dominated BTR growth with 6,160 additional apartments, while Sydney contributed 2,100 units. Brisbane and Canberra also recorded growth of 800 and 330 apartments respectively. Gold Coast and Perth recorded minor declines, while Adelaide maintained steady levels.

<img alt="BTR CKC" data-entity-type="file" data-entity-uuid="ca13ffd4-ab93-4828-afd2-4c3dccbd2b51" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-20%20at%2011.28.54%E2%80%AFAM.png?VersionId=SXNnpcJuFD36ViWOwF6izBBqcQc3NWao" />

“These preliminary findings indicate a fundamental shift in Australia's apartment development landscape, with traditional Build to Sell models giving way to institutional Build to Rent developments,” said Richard Temlett, Charter Keck Cramer’s National Executive Director of Research.

"This transition reflects changing investor preferences, regulatory environments and housing affordability challenges across major metropolitan areas.”

The complete Charter Keck Cramer National State of the Market Report – Key Metropolitan Areas will provide comprehensive analysis of these trends, their underlying drivers and implications for developers, investors and policymakers when released in September.

Joel Robinson

Build to Sell apartment supply drops 54% in five years across Australian capital cities

Verso Development Group is seeking to bring over 1,100 apartments to the heart of Brisbane's Toowong, with plans filed for a $1 billion, triple tower development known as Toowong Central.

The landmark urban regeneration project "aims to reshape the core of Brisbane’s inner-west riverside suburb."

Covering over 1.4-hectares across&nbsp;Sherwood Road, High Street, and Jephson Street, Toowong Central has been designed by KHA and will comprise three towers rising 49, 55, and 58 levels.

<img alt="Toowong Central" data-entity-type="file" data-entity-uuid="48611e3d-7123-4b99-b2cb-bfa4bc98024f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenities.png?VersionId=yKBexB.BgCkq4OET8fHDkWs0d3DjxOKJ" />

According to the Urban Context Report prepared by Urbis, Toowong Central is positioned as a “city-defining precinct reclaiming Toowong as ‘the best destination in the west’,” with a vision to deliver density differently, strengthen Toowong’s identity, and lead subtropical urban design.

There will be a wide range of apartment configurations, from one-bedrooms to five-bedroom penthouses, as well as short-term accomodation offerings. The design prioritises pedestrian permeability, with an activated public realm featuring a central civic plaza, laneways, and street-level retail and dining.

“The central square’s structure, programming, scale and location creates a social anchor - shaped by its edges, flexible for use, and animated by a diversity of experiences throughout the day and into the evening,” the Urban Context Report noted, reinforcing the project's ambition to become a vibrant community destination.

Design excellence was pursued through an international design competition, attracting entries from renowned practices such as UNStudio and BIG. KHA’s winning design distinguished itself with a ceremonial approach to the public realm, integrating terraces, tiered seating, and green infrastructure to promote social interaction and resilience.

The development builds upon two existing approvals: the 25- and 20-storey towers of the Aviary Toowong proposal, and a separate 25- and 24-storey approval at 88 Jephson Street. Consolidation of these fragmented landholdings under a precinct-wide approach allows for increased community value and cohesive urban integration.

Urbis Director Nicholas Stevenson said Toowong Central will bridge the gap in Toowong's current experience, unlocking the potential of the wider precinct.

"Overcoming experiential constraints and leveraging contextual advantages – Toowong Central will redefine Brisbane's inner west.”

<img alt="Toowong Central" data-entity-type="file" data-entity-uuid="73f7a702-625d-452d-9df2-30a0863ac1e8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/master.png?VersionId=TZdh6wxGC_8IIroXpdkZfuhlS8mFZnea" />

Toowong Central’s ambition extends beyond residential and commercial outcomes. Uses under consideration include a world-class hotel, university facilities, a museum, and health and wellness services, reflecting its role as a western gateway to Brisbane’s growing innovation corridor between the CBD and the University of Queensland.

Urbis Managing Partner James Tuma said Brisbane has no greater opportunity to showcase the future of urban living than Toowong – a sustainable, economically vibrant, and people-centric place that embodies the best of Brisbane.

[The plans] gives us a glimpse into our future as a globally relevant, youthful, entrepreneurial, and distinctly subtropical city.”

$1 billion Toowong Central to deliver 1,100 apartments to undersupplied Brisbane market

In <a href="https://www.apartments.com.au/developments/runaway-bay-qld-4216">Runaway Bay</a>, new townhouse-scale waterfront residences are rare - but ones built to the standards found on Sovereign Island are almost unheard of.

<a href="https://www.apartments.com.au/new-townhouses/ocean-suites-on-jennifer-10-12-jennifer-avenue-runaway-bay-qld-4216">Ocean Suites on Jennifer</a>&nbsp;changes that, delivering a calibre of construction and detailing that places its seven villas well above the typical market offering in this northern Gold Coast pocket.

Ocean Suites on Jennifer will be move-in ready before Christmas this year, giving buyers the chance to spend the summer on the water in one of Runaway Bay’s rare new waterfront residences.&nbsp;

[smartcode_project:default project_id=138718 project_image_fid=214444]

The development is a collaboration between <a href="https://www.apartments.com.au/architects/stuart-osman">Stuart Osman Design</a> and <a href="https://www.apartments.com.au/developers/sand-side-developments">Sand Side Developments</a>, with construction by <a href="https://www.apartments.com.au/builders/alroe-constructions">Alroe Constructions</a>.

Architect Stuart Osman says the intent from the outset was to create a home people would be drawn to. “When you build anything, the design is to make you want to go hang out in this house,” he says.&nbsp;

Ocean Suites on Jennifer’s design features a front façade softened with planter boxes, rear pool areas, and rooftop decks looking over the water.&nbsp;

Inside, voids and high skylights bring daylight deep into the centre of each home, while ceiling heights of 2.85 metres maintain a strong sense of volume.

Each four-level residence spans 345 to 388 sqm, with layouts accommodating multi-generational living - a ground-floor bedroom suite for older family members and upper levels for the rest of the household. A lift connects all floors.

[smartcode_project:default project_id=138718 project_image_fid=214435]

For Andrew Erwin, Director at NPA, the project’s appeal lies in both its location and the detail in execution.&nbsp;

"At Ocean Suites, you’ve got a canal-front setting with direct Broadwater access and a level of finish you’d normally only see in the city’s most prestigious addresses. The four-level layouts, the glass-framed living areas, the private pools, even the extended kitchens, every part of it has been designed with the buyer in mind,” he says.

Those buyers have so far been a mix of Gold Coast locals and interstate purchasers, many seeking a lock-up-and-leave holiday home or a downsized residence without sacrificing space for visiting family.&nbsp;

Older households with teenage children are a recurring profile, drawn to layouts that support multi-generational living and the ability to host extended stays.

[smartcode_project:default project_id=138718 project_image_fid=214432]

Material selection reinforces the project’s quality-first ethos, with every home appointed to a premium standard. Kitchens and ensuites feature engineered stone surfaces, complemented by prestige oak engineered timber floors, Victorian ash hardwood staircases, and soft loop-pile carpet.

Premium lighting, statement pendants, ceiling fans, and Fujitsu ducted air conditioning elevate both comfort and design. Each residence also includes a suite of high-end appliances as standard - Fisher &amp; Paykel integrated fridges, Bosch ovens, induction cooktops and dishwashers, Vintec wine fridges, and Franke sinks.

Beyond the interiors, residents enjoy an enviable lifestyle with rooftop terraces, private plunge pools, fire pit areas, outdoor showers, smart home automation, laundry chutes, and private pontoons.

[smartcode_project:default project_id=138718 project_image_fid=214452]

With no additional upgrade costs, Sand Side Developments underscores its no-shortcuts approach, delivering homes where luxury and amenity come as standard.

Osman adds that the kitchen has been designed as “the main hub of the house” with six metres high skylights above a galley-style layout that “makes it feel bigger, brighter, whiter” and “brings light into the centre of the home.”

Both architect and builder emphasise a shared commitment to delivering the intended design without compromise. “Working with Alroe’s structural team and their construction team, it’s been great to make sure that the look and feel that was originally intended is the result achieved at the end of the project,” Osman says.&nbsp;

[smartcode_project:default project_id=138718 project_image_fid=214453]

Outdoor living has been given equal consideration, with rooftop terraces designed for entertaining with a fire pit and bar, and spacious undercover patios featuring private plunge pools.

The marine access is as carefully executed as the homes themselves. An eight-metre gangway leads to a six-metre private pontoon capable of mooring vessels up to 30 feet, just 300 metres by water from the Broadwater.&nbsp;

Even the orientation of each villa has been optimised to capture long views down the canal, across the Broadwater, and south to Main Beach.

With construction in its final stages, just three of the seven villas remain, priced from $3.365 million to $3.695 million.

[smartcode_project_cta:default project_id=138718]

Sovereign Island standards come to Runaway Bay with Ocean Suites on Jennifer

Without local developer <a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a>, it could be argued that the small suburb of <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> would be left behind when it comes to both new housing and retail opportunities.

Gardner Vaughan, one of South East Queensland’s most reputable builder-developers, has been based in <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> for the last decade. They plan to maintain their presence in the northern <a href="https://www.apartments.com.au/developments/brisbane-qld">Brisbane</a> suburb, just seven kilometres from Brisbane Airport and nine kilometres from the city, with the development of <a href="https://www.apartments.com.au/new-apartments/danby-lane-nundah-village-5-danby-lane-nundah-qld-4012">Danby Lane</a>, the first major project in several years in the heart of the town centre.

GVG will retain one of the commercial spaces in the new mixed-use building for their office headquarters. It will be located in the commercial podium, alongside several other new office spaces. Below will be a street-level retail precinct designed to reinvigorate the local economy, and above, 84 brand-new apartments.

[smartcode_project:default project_id=112531 project_image_fid=320114]

Over 60 percent of the apartments have already been snapped up, with buyers eager to secure one of the rare new apartments in <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a>, as well as to benefit from Gardner Vaughan’s solid reputation and long-standing presence in the local community.

[smartcode_project:default project_id=112531 project_image_fid=320117]

Gardner Vaughan identified the site at the corner of Buckland Road and Danby Lane for its proximity to key amenities. Within 400 metres of the development, <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> Village offers a variety of cafes, restaurants, and pubs. <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> Train Station, just 400 metres away, provides a quick 20-minute train ride into Roma Street.

The development has also attracted young families, drawn to the proximity of not one, but twelve parks, with Boyd Park and Oxenham Park being the most notable. Established families have shown interest due to the close proximity of <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> State School and Mary MacKillop College.

The one- and two-bedroom apartments in the building have already been snapped up, while the larger three- and four-bedroom apartments—ranging from a generous 117 sqm to nearly 200 sqm—remain highly sought after. There are also just three exclusive luxury penthouses left to sell.

With its in-house construction capability, Gardner Vaughan has already commenced construction on-site and expects to complete the building by March 2027. It's hard to see another opportunity to buy brand new in <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a>, where creating a site anywhere near the scale of the Danby Lane is becoming more and more difficult.

[smartcode_project_cta:default project_id=112531]

Why Danby Lane is the focal point for change in Brisbane's Nundah

<a href="https://www.apartments.com.au/developers/metro-property-group">Metro Property Group</a>’s flagship townhouse development, Citrine Townhomes in <a href="https://www.apartments.com.au/developments/rochedale-qld-4123">Rochedale</a>, has reached another key construction milestone, with the first stage of townhouses now in the defects phase.

All building works for Stage 1 are complete, with the internal roads asphalted, line marking finished, and the bin store slab poured.&nbsp;All essential services, including permanent power, sewer, gas, and water, are now connected and operational.

The defects process is expected to continue until late-August.

<img alt="Citrine Townhomes, Rochedale" data-entity-type="file" data-entity-uuid="f48ad1d8-7bb2-424a-a378-2caa4d34c27d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/017%20-%20%20ROLLEY%20PHOTO%20MEDIA%20%20%20-24072025.jpg?VersionId=o5BC3LgYTwxcufsjldO8mkPww3gix1NC" />

Stage 2 is also moving forward steadily, with all townhouses sheeted, the first coat of paint applied, and joinery installed throughout. Tiling has been completed on six of the seven blocks, and the pool is scheduled to be pebblecreted by the end of August.

Stage 3 continues to gather momentum, with external cladding completed on three of the eight blocks. All townhouses have been fully roughed-in for electrical, plumbing, and air conditioning, and the first two blocks have now progressed to internal sheeting.

Stage 1 and 2 are 100 per cent sold and there are now just 10 four-bedroom townhomes left in Stage 3, priced from $1,125,000.

[smartcode_project:default project_id=136295 project_image_fid=211]

Residents at <a href="https://www.apartments.com.au/new-townhouses/citrine-townhomes-rochedale-311-gardner-road-rochedale-qld-4123">Citrine Townhomes</a> can also look forward to high-quality shared amenities. The residents' facility will feature a pool, landscaped areas, and a BBQ space, contributing to a lifestyle-focused community environment.

Metro’s fully furnished display home has generated strong interest locally, reinforcing the market’s confidence in the project. Stage 1 and 2 are completely sold out and Stage 3 has officially launched and is selling fast. Just 10 townhouses remain for sale in the development.

[smartcode_project:default project_id=136295 project_image_fid=273134]

The broader Citrine development comprises 90 three and four-bedroom townhomes designed across two to three levels, offering a contemporary contrast to Rochedale’s surrounding single-family homes.

Located just 17 km from Brisbane CBD, Citrine is within walking distance to schools, parks, and the popular Rochedale Village, home to Coles, medical services, and dining options.

Metro Property Group remains on track for project completion, with settlements forecast for Stage 1 in October/November 2025, Stage 2 in November/December 2025, and Stage 3 in January/February 2026.

[smartcode_project_cta:default project_id=136295]

First stage of townhouses at Citrine Rochedale reaches completion milestone

Prahran

Prominent developer Bensons has launched its latest Melbourne project, Ten Cecil, just 11 apartments in the heart of Prahran.

Starting from $1,999,000, the 11-level tower at 10-16 Cecil Place has been inspired by the unique cosmopolitan suburb, with renowned architecture firm Fender Katsalidis designing the facade of the building.

[smartcode_project:default project_id=4667 project_image_fid=207542]

SORA Interior Design have handled the interiors of the apartments, which each featuring Miele appliances, stone benchtops, European Oak flooring, and even gas fireplaces by&nbsp;ESCEA.

There are 10 two and three-bedroom apartments across the building, which will be part of the wider Anchor &amp; Cecil development which is expected to be fully launched next year. There's also one four-bedroom apartment, which has an $8 million price tag.

Common areas will feature their own curated art collection, incorporating 22 pieces by prominent Australasian artists such as David Bromley, Freddie Timms, Mark Schaller, and Jasper Knight. Bensons has a long association with the art world. Their chairman Elias Jreissati is an avid art collector and believes&nbsp;art&nbsp;is a vital form of communication and expression and belongs to a community.

[smartcode_project:default project_id=4667 project_image_fid=207536]

The discreet entrance from the quiet Cecil Place street front immediately greets residents with a private lobby clad in marble and ceramic feature walls.&nbsp;

Prahran delights with its mix of boho charm, innovative foodie scene and high street fashion, while sitting just five kilometres from Melbourne’s CBD.

Home to Australia’s oldest food market, Prahran Market is only a stroll away, while the spiritual hub of the suburb, Greville Street provides an array of cafes, eateries and retailers.&nbsp;

[smartcode_project_cta:default project_id=4667]

alisonwarters@gmail.com

Bensons launch Prahran apartments, Ten Cecil

Melbourne's inner-city has a new cutting-edge apartment project.

Plus Architecture, who leveraged computational and engineering technology to realise the vision for the complex angular tiled façade, created the designs for developer Little Projects at their recently completed Prahran apartment development, Viridi.

Located at 17-22 Grattan Street, the new-age apartments are a new visual landmark in the heart of Prahran, Melbourne, characterised by a wide-pitched, ‘hill-like’ roof.&nbsp;

<img alt="Render of the nature-inspired design" data-entity-type="file" data-entity-uuid="dd99c715-c5b0-4028-8beb-4dc846a10c4c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/PlusArchitecture_Viridi_Photography_TomRoe_Exterior.jpeg?VersionId=PRrHl3Z.rdj5ue1HL9.bhuVAjQy1iLUF" />

Viridi comprises 43 one, two and three-bedroom apartments across seven levels, alongside ground floor retail and 500 sqm of office space.&nbsp;

Little Projects worked with the land owner, whose two children will take up residence in the top-level apartments.

Little Projects Director Paris Lechte said their 10-year collaborative relationship with Plus Architecture provided a strong foundation of trust in their experience and ability to successfully navigate the complexities of the project.&nbsp;

“From the outset, we knew Plus Architecture had the capability to deliver an outstanding design on this challenging and quirky site. It’s been fantastic to collaborate once again to deliver the Viridi project,” Lechte said.&nbsp;

Designed to reflect and complement the adjacent Grattan Gardens, the facade is clad in a mosaic-like tessellation of over 15,000 terracotta roof tiles, glazed in shades of lush green.&nbsp;

Honouring local heritage hotels and mimicking the colours of the gardens, the tile design was brought to life with the help of a custom computer script, written by the architects, to map the colour ratios and pattern sequences via a 3D model.&nbsp;

Not seen before on an Australian apartment building of this scale, the raked nature of the tiled facade responded to council requirements not to overshadow the gardens or pedestrian pathways.&nbsp;

<img alt="An aerial of Viridi" data-entity-type="file" data-entity-uuid="c03e20ed-50d7-4066-98de-4cc9b7df1f8e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-08-25%20at%208.13.21%20am.png?VersionId=oHGnbdQ3QhmaLNuPGLbYvL.t6rq9vFft" />

Plus Architecture Director Ian Briggs said the strict requirements of the site were harnessed as an opportunity, rather than a restriction, inspiring an innovative response that pushes the boundaries of the use of material, colour and shape.

“Initially, using the tiles seemed an obvious choice as a lightweight flexible solution for what seems like basically a big roof, but as we explored this further it became apparent that we needed to develop new design and construction technology in order to deliver a design that’s unique to Australia,” Briggs said.&nbsp;

“Despite extensive experimentation, prototyping and quality testing, executed over several stages in close collaboration with our project partners, we were remarkably able to deliver the Viridi apartments within the original project budget, which was set out before we envisioned the ambitious roof design.

“It’s really exciting to be able to showcase a building that draws on methodologies that weren’t available to us before, and expresses colour so confidently to our clients and the community.”&nbsp;

In a process similar to painting by numbers, Plus Architecture designed the placement and sequencing of the coloured tiles using the 3D model, with the program further helping to predict how the colours would appear in changing light conditions and producing an accurate map that was expertly realised by tilers TLG Roofing Melbourne.&nbsp;

<img alt="The Viridi apartments" data-entity-type="file" data-entity-uuid="9571b426-a82e-4f5f-a936-a859686abc6d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-08-25%20at%208.13.31%20am.png?VersionId=Fc1KeZ9ISRDy7fLe.FrxFz8GLdunYq6x" />

Further tying the project to the community, the three shades of forest green tiles were selected from leaves sampled in the park, with each of the custom terracotta tiles hand-crafted in Spain – a process made possible through close collaboration with Cobild and constant adaptation to the ever-changing challenges of the pandemic to deliver the dynamic roof design as intended.

Plus also collaborated with engineers Inhabit on the roof design, with the plans requiring the development of new technology and waterproofing approaches specific for the project.&nbsp;

The project’s custom-built blue steel truss system, developed by Bolt Blue Constructions and Dynamic Steel Frame, ensured adequate stability for both the thousands of tiles and large windows – some reaching over 500 kilograms – while also allowing for immersive views of the skyline.&nbsp;

Compared to what a standard vertical wall would allow, the angled roof form also allows for increased natural light within the generously-sized apartments.&nbsp;

In line with the latest environmental standards, Viridi is accredited with a 7-star apartment ESD rating and features sustainable elements embedded within the design, from the double-glazed windows to the thermal insulation that results from the façade itself.

The project also included the revitalisation of the street interface in connection to the site through to the adjacent parkland, ground floor retail and increased pedestrian amenity, setting a tone for a welcoming neighbourhood environment.&nbsp;

Reaching beyond standard multi-residential design, Viridi is Plus Architecture’s latest multi-residential development, part of a pipeline of $1.5 billion in the state of Victoria alone.

Viridi comprises 43 one, two and three-bedroom apartments across seven levels, alongside ground floor retail and 500 sqm of office space. 

Behind Plus Architecture's nature-inspired facade design for Little Projects' Prahran apartments

Multi-billion-dollar&nbsp;developer GURNERTM has been given the green light&nbsp;for the redevelopment for its first private residences and club concept, Club Maison.

The permit comes for the reinvigoration of a historic former bluestone church and former Sunday school hall at 145–151 High Street in Prahran 12 months after&nbsp;GURNERTM filed the plans to create 45 luxury apartments across six levels.

Also part of the plans, which was signed off by the City of Stonnington Council, is&nbsp;a 324 sqm food and beverage tenancy at ground level, and a 262 sqm rooftop bar, infinity pool and lounge with extensive views of Melbourne.

Long-time collaborators Warren and Mahoney Architects have designed the project with John Patrick Landscapes designing the lush greenery and exterior amenity.

The design is both sympathetic to the historical significance of both heritage buildings which date back to the 1870s, and representative of the new use as a high-end club-style offering designed for the discerning clientele.

GURNERTM general manager of boutique, Brooke Formosa said that to have enjoyed such a collaborative and supportive process with council underpins and reinforces their vision for this site which will reinvigorate this historic Gothic Revival building and inject new life into the site.

"We are incredibly happy that Council shares our affinity for this site and our plans to breathe it back to life as part of the vibrant Chapel Street precinct," Formosa said.

Formosa said Club Maison is a new asset class they are investing heavily into over the next 2 – 5 years, with aspirations to acquire, develop and hold a number of accommodation assets in Victoria, New South Wales and Queensland.

“This Club Maison project will bring everything for which GURNERTM is so well known – amenity, service, concierge, impeccable design and quality – together and recreate it for a new market.

“We have a passion and proven track record for reinvigorating heritage sites and this project will be no different."

Warren and Mahoney Principal Architect, Barrington Gohns said the Club Maison designs really evoke a fuller lifestyle offering.

"The striking geometry of the gothic design has strongly informed our design for the residences, which take on a more contemporary feel and boast all the luxuries and amenities today’s discerning professional aspires to,"&nbsp;Gohns said.

“Like many of the projects we’re collaborating with GURNER on, the design challenge has been a trifecta of respecting and honouring the past, creating aspirational dwellings and, importantly, designing a lived experience that goes well beyond the aesthetic and function of the building.

&nbsp;

Long-time collaborators Warren and Mahoney Architects have designed the project with John Patrick Landscapes designing the lush greenery and exterior amenity

Gurner gets sign off for first Club Maison project in Prahran

The multi-award-winning Melbourne property developer Beulah has secured its next mixed-use development site.

The developer, headed by managing director Jiaheng Chan, has secured a corner site in Prahran, paying $11.4 million for the 1,132 sqm site at&nbsp;&nbsp;182-194 Commercial Road, opposite the well known Prahran Market.

They have plans to activate the community through a sustainable mixed-use development.

The site, on the corner of Izett Street, comprises six adjoining addresses near the recently completed $60 million Prahran Square project.

On the block is a multi-tenanted 1,087 sqm building with potential for future retail activation.

<a href="/news/vic/check-out-beulahs-best-melbourne-residential-projects">Read more:&nbsp;Check out Beulah&#39;s best Melbourne residential projects</a>

Jiaheng Chan said the team is excited to be able to contribute to the urban streetscape of Prahran as it continues to gentrify and evolve over time.

&ldquo;Prahran is currently going through an exciting evolution that is seeing a new generation of businesses set up shop, from forward-thinking restaurants and lifestyle-focused hotel chains,&quot; Chan said.

&ldquo;We&rsquo;re looking forward to offering a product that will add immense value to this inner-city pocket and will complement the renowned Prahran Market via retail, dining and public amenity, coupled with a residential offering not yet explored in this area.

&ldquo;This site will complement our growing boutique portfolio, which sits alongside the other growing arm of our business and that is large-scale, urban renewal precincts, such as that in Southbank.&rdquo;

Beulah are developing STH Bnk by Beulah, a mixed-use development on the current BMW showroom site on Southbank&#39;s&nbsp;City Road. It will comprise nearly 500 apartments and around 390 hotel rooms, as well as retail and office space.

[smartcode_project:default project_id=8804 project_image_fid=27929]

Beulah also recently announced the imminent release of its newest and most innovative residential project, The Wilds. The development features a collection of 15 carbon-neutral homes designed by leading design firm, Edition Office.

&ldquo;The global changes experienced in 2020 saw consumers prioritising health, wellbeing and sustainability, which closely informed our approach to The Wilds.

&quot;Similarly, we intend to draw on this research and approach in creating a thoughtful, sustainable and wellness-inspired design for Prahran,&rdquo; Chan said.

They have plans to activate the community through a sustainable mixed-use development.



Beulah secure Prahran site for mixed-use development

The high-end developer GURNERTM, is set for its second luxury apartment development as part of their new Club Maison strategy.

They&#39;ve secured a&nbsp;historic former bluestone church&nbsp;and former Sunday school hall site&nbsp;at 145 &ndash; 151 High Street, Prahran, and have submitted plans for a $40 million, 45 apartment development above the retained heritage building.

&ldquo;The heritage significance of the sites is what really excited us about the opportunity to be able to create something that embraces its past and re-invigorates it for the future,&rdquo; GURNERTM boss Tim Gurner.

&ldquo;It is no secret I am drawn to heritage sites especially where we can integrate the heritage components into our projects and bring these incredible buildings back to life.

The former Gothic Revival church and Sunday school hall building was constructed in 1891, later altered in 1936 to include shop fronts which are still in use today.

There will be a level of&nbsp;club commercial space behind the fa&ccedil;ade and an exciting ground floor restaurant and bar.

<a href="/developments/melbourne-vic?source_news_article_id=105008&amp;ref=news_body_link"><img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/template_photoshop_melbournecbd_8.jpg" width="1200" /></a>

The proposed design will also feature a private rooftop club with city views, a clear-edged infinity pool, outdoor kitchen and dining spaces, and a sun deck designed by landscape architect John Patrick.

GURNERTM have appointed their go-to design partner Warren and Mahoney, who specialise in heritage restoration, to handle the design.

&quot;We really wanted the heritage to be treated with the love and respect it deserves,&quot; Gurner added.

The Prahran development will be the second Club Maison concept project for GURNERTM, who&nbsp;announced&nbsp;their first site in St Kilda after the acquisition of the former Cushion Lounge on Fitzroy Street late last year.

Gurner says there&#39;s a major boom coming, and they&nbsp;want to be sure they&#39;re ready for it.

&quot;I&rsquo;m cautiously optimistic on the market this year and think both the residential and hotel markets will present significant opportunities in the coming years so we are aiming to acquire another 10-15 sites across our portfolio in the next one to two years.

[smartcode_project:default project_id=5615 project_image_fid=166290]

&ldquo;The short term effects of the pandemic are hard to predict, however I am extremely confident in the future of Melbourne and Australia as the world comes out of this hiatus and people seek a safe, beautiful and free life and Australia offers this more than anywhere else in the world.&quot;

GURNERTM general manager of boutique, Brooke Formosa, said the site is an ideal location

&ldquo;Being so close to Prahran&rsquo;s vibrant Chapel Street precinct and amenity like Fawkner Park, St Kilda Road and the CBD, this site is the ideal location for both a residential component and our new Club Maison accommodation concept,&rdquo; she said.

&ldquo;Building our private club, hotel and boutique accommodation portfolio will be a major focus for us into 2021 and beyond, to complement our luxury residential pipeline as we expand into new asset classes, particularly where we can retain ownership and management long-term.

"I am extremely confident in the future of Melbourne and Australia as the world comes out of this hiatus and people seek a safe, beautiful and free life," Gurner said.

Boom coming to Melbourne says Tim Gurner, who plans second Club Maison apartment development in Prahran

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The Prahran apartment renovated on The Block in 2014 by contestants Darren and Dea Jolly has been resold at $2.2 million.

The apartment from the Glasshouse season of The Block fetched $820,000 more than its $1.38 million sale on the show’s finale.

The three-bedroom apartment at 6/125 High Street fetched above its $1.9 million price guide at its mid-February auction given four bidders.

“I think Prahran is a bit of an iffy suburb,’’ Dea said after its 2014 result.

“It was a bizarre result,’’ she told the Herald Sun.

“You have two apartments who kill it, and three just die, it’s just not what nobody would have guessed.

“One apartment that did well was facing the south with all that noise, and the other had no external windows.”
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The apartment from the Glasshouse season of The Block fetched $820,000 more than its $1.38 million sale on the show’s finale

jchancellor

Prahran apartment from The Block 2014 resold for a profit

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The Prahran apartment renovated by Darren and Dee Jolly on the 2014 series of The Block has hit the market for the first time.

The two-level warehouse conversion last sold for $1.38 million in 2014.

It has just been listed again through Marshall White Fraser Cahill with a price range of $1.65 million to $1.75 million.

The three bedroom, two bathroom space at 6/125 High Street was one of the five residences in a building known as The Glasshouse.

It comes with a gourmet kitchen with four Bosch ovens, including a steamer, and a butler’s pantry.

It was previously office space.

Offers are due February 23.

The marketing advises the addresses of recently sold comparable property as:

<ol>
<li>14/7 Gordon Street Toorak 3142 - $1,800,000</li>
	<li>1901/572 St Kilda Road Melbourne 3004 - $1,800,000</li>
	<li>1003/454 St Kilda Road Melbourne 3004 - $1,690,000</li>
</ol>
There was a resale of 5/125 High Street in 2019 with its 232 sqm space fetching $2,275,000 having fetched $1,724,000 at its 2014 auction.
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The Prahran apartment renovated by Darren and Dee Jolly on the 2014 series of The Block has hit the market for the first time

Darren and Dee Jolly's 2014 The Block unit offered for the first time

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Prahran had the top Melbourne auction result on the weekend with a mooted development site selling at $3.6 million.
<a href="https://www.realestate.com.au/sold/property-house-vic-prahran-128438542" target="_blank">The 76 Williams Road offering</a> (pictured above) was listed through RT Edgar inconjunction Gross Waddell.
It was a block of five, two bedroom apartments, on separate titles returning $98,016 p.a.
The total land area of 975m2 featured two street frontages, with access via Russell Street.
It was within a short walk to the High Street shops and restaurants, nearby parklands and transport.
Each apartment comprises two bedrooms, open plan kitchen/living room, one bathroom and one car space.
It came with four monthly tenancies and one lease terminating February next year.
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j.ballantyne1990-6AQqhLzZaK

Block of five Prahran apartments sells for $3.6 million.

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The Chapter Group have commenced construction on their Prahran project, Ukiyo.
Located at <a href="/buildings/ukiyo-2-porter-street-prahran">2 Porter Street, Ukiyo</a> offers twelve half or full-floor configurations with prices beginning at $2.1 million for a three-bedroom apartment.
Designed by K2LD Architects, Ukiyo is inspired by the Japanese Ukiyo-e art movement, offering carved qualities and “living walls”, the marketing reads.
The project’s offering include full floors bathed in natural light, 270 degree views and custom detailed wardrobes.
The home’s interiors use vertical fluted timbers and horizontal black lines to contrast materials.
Only two apartments remain in the project, with Chapter Group sales representative Lucas Burton holding the listing. 
<a href="/architects/k2ld-architects?utm_source=PropertyObserver" target="_blank">Other projects by K2LD</a> include Nest at the Hill in Doncaster, developed by Sin Heng Chan.
The project offers 253 residences spread across 12 floors.
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wdavis-8cCN98p7xp

Japanese-inspired Prahan project, Ukiyo, almost sold out

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A contemporary family home over three levels in Prahran, Victoria has been sold for r $6.46 million by online auction. 
It was sold by Anthony Grimwade and Jack Edgar of RT Edgar Toorak. 
The resort-style home at <a href="https://www.realestate.com.au/sold/property-house-vic-prahran-134007806" target="_blank">52 Murray Street </a>is situated on 620sqm of land, positioned in one of Prahran's wide tree-lined streets next to Victoria Gardens. 
The ground floor comprises multiple living and dining zones opening to outdoor entertaining. 
The first level comes with four bedrooms including one with ensuite, plus a further central bathroom and rumpus or media room. 
The whole upper level is occupied by the master bedroom with ensuite, parent's retreat and balcony with city and garden views. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/8/3/prahran%202.jpg" alt="">
The home also features CBUS system, security intercom, alarm and garaging for three cars. 
It is situated within a short stroll to Hawksburn Village shops, restaurants and transport. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/8/3/prahran%203.jpg" alt="">
The property was only on the market for 10 days, according to Anthony. 
It was last sold in 2007 for $500,000. 
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