Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

Joel Robinson

First look at MAYD's North Kirra mixed-use precinct

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

[smartcode_project_cta:default project_id=152737]

<h3 data-end="3697" data-section-id="q3n5ak" data-start="3672">&nbsp;</h3>
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Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

A collection of just 25 large-format apartments and penthouses overlooking Goodwin Park is entering the Coolangatta market, with <a href="https://www.apartments.com.au/new-apartments/marea-residences-coolangatta-27-27a-dixon-street-coolangatta-qld-4225">Maréa Residences</a> combining a low-density, residential-only approach with uninterrupted park and Pacific Ocean outlooks.

Located at 27 Dixon Street, Maréa comprises three and four-bedroom residences alongside a limited number of dual-level penthouses, with the project positioned between Goodwin Park and <a href="https://www.apartments.com.au/developments/coolangatta-qld-4225">Coolangatta</a>’s coastal precinct.

Construction has commenced, with completion currently estimated for late 2027. Three-bedroom residences are priced from $1.8 million.

[smartcode_project:default project_id=150999 project_image_fid=374005]

The project has been designed around its northern outlook across the park, with the building’s architecture, landscaping and material palette intended to establish a connection with the neighbouring green space. The residences have been configured to maximise natural light and views across Goodwin Park towards the ocean.

Inside, the material palette incorporates timber, stone and brushed brass, complemented by curved detailing and ambient lighting. Kitchens and bathrooms carry the same natural material approach, while residences also include basement parking, storage and lift access.

Maréa’s penthouses are arranged over two levels and include private pools, adding another layer to the project’s focus on larger-format apartment living. Across the development, residences are configured with three or four bedrooms rather than the broader mix of smaller apartment types commonly found in larger projects.

[smartcode_project:default project_id=150999 project_image_fid=374010]

Resident amenity is concentrated at rooftop level, where landscaped entertaining terraces and pools take advantage of elevated views across Coolangatta and the Pacific Ocean.

The project has so far been particularly well received by local owner-occupiers and downsizers, according to Urban Activation Property Sales and Marketing Director Matt George, with the residential-only format, construction quality and northern park outlook among the features resonating with purchasers.

“The uninterrupted northern aspect overlooking Goodwin Park has been a key point of difference, with buyers attracted to the sense of serenity and open space the park provides, while still enjoying easy access to the ocean and being within walking distance of the lifestyle and amenities Coolangatta has to offer,” George said.

[smartcode_project:default project_id=150999 project_image_fid=374002]

“The combination of high-quality construction, a residential-only building, park outlook and proximity to the beach has resonated strongly with the local downsizer market.”

The Dixon Street address is within walking distance of Coolangatta Beach and the broader southern Gold Coast coastline, including the surf breaks at Snapper Rocks and Kirra. Coolangatta’s cafés, restaurants and retail are nearby, while Gold Coast Airport is also within close proximity.

[smartcode_project_cta:default project_id=150999]

Maréa Residences brings parkside apartments to Coolangatta

Melbourne developer PDG has secured Victorian Government approval for its $1.5 billion Southbank development <a href="https://www.apartments.com.au/new-apartments/the-one-1-queens-bridge-street-southbank-vic-3006">The One</a>, clearing the way for the long-dormant riverfront site opposite Crown to finally be developed.

The Minister for Planning has approved the project at 1-29 Queens Bridge Street, with the Department of Transport and Planning issuing the planning permit following its assessment.

The approval will allow PDG to develop the prominent 5,059 sqm site with a major mixed-use tower comprising premium apartments, including branded residences, a luxury hotel and boutique office space.

PDG acquired the site in late 2024, with its position directly opposite Crown's main entrance and near Melbourne's Arts Precinct making it one of Southbank's most significant remaining development opportunities.

<img alt="PDG" data-entity-type="file" data-entity-uuid="3933013e-6332-4386-b9be-089df05caf17" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.22%E2%80%AFAM.png?VersionId=sITIgBqDL0N3VNSMwWEmF5UA.uvcsRyu" />

Designed by COX in collaboration with ODO and PDG, the tower's architecture draws on the movement of the Yarra River, with six vertical pleats running the height of the sculpted facade.

The project will also see the heritage-listed Queens Bridge Hotel restored and incorporated into the development&nbsp;with new hospitality and public uses, including a rooftop venue.

A significant component of The One will be its residential amenity.

More than 5,000 sqm of resident facilities will be delivered across a single level, making it one of the largest consolidated residential amenity offerings proposed in an Australian apartment development.

The planning approval also incorporates a major upgrade of Queensbridge Square, which PDG will deliver in partnership with the City of Melbourne.

<img alt="PDG" data-entity-type="file" data-entity-uuid="73167fcd-1031-4b6f-a408-a064cfe45ed1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.17%E2%80%AFAM.png?VersionId=Pf1AEWxw6SNmBqR0zQW5lyEze.MtxgFp" />

The existing square will be revitalised as a new civic and pedestrian space along the Yarra River, strengthening the connection between the project, Southbank and the riverfront.

PDG Founder and Managing Director Vince Giuliano said the approval represented a major milestone for a site which has remained largely underutilised for more than 15 years.

“This is the most significant Planning Permit approval Melbourne has seen in recent years,” Giuliano said.

“For more than 15 years, this site has remained underutilised. This approval enables us to deliver a project that will contribute meaningfully to the revitalisation of Southbank, restore and reactivate an important heritage building, and create a new civic and hospitality destination for Melbourne.”

The latest approval follows an earlier planning permit issued by the City of Melbourne covering demolition works across part of the site at 9-29 Queens Bridge Street. Those demolition and early works are already underway.

PDG has also started generating early interest in the residential component from owner-occupiers ahead of a planned public launch in early 2027.

PDG secures approval for $1.5bn Southbank apartment development, The One

Local developer Harridan is seeking to turn its Woolloongabba apartment project into the first stage of a broader transformation of Burke Street, using a new 16-storey mixed-use building to establish a greener pedestrian connection toward the rapidly evolving Boggo Road transport and knowledge precinct.

The South East Queensland developer has filed plans for 154 apartments on the <a href="https://www.apartments.com.au/new-apartments/4-burke-street-woolloongabba-qld-4102">southern side of Burke Street</a>, where its proposal has been designed alongside a wider vision by LatStudios for the street.

That vision positions the southern side of Burke Street for buildings of 15 storeys and above, while envisaging lower-rise development of up to five storeys on the northern side to transition into Woolloongabba's existing character housing. It also proposes wider pedestrian verges, deep planting, new street trees and upgrades to the pedestrian approach to Boggo Road Station.

The Harridan development itself has been designed by Brisbane-based Arqus Design and will comprise 154 apartments across 16 storeys. The mix is weighted heavily toward two-bedroom apartments, with 121 proposed alongside 10 one-bedroom and 23 three-bedroom residences. There will typically be around 14 units per floor.

A lower-ground car park and three podium levels will accommodate 156 resident parking spaces, along with visitor and commercial parking. There will also be 154 resident bicycle spaces and 40 visitor bicycle parks.

&nbsp;

Harridan is a family-owned developer and part of the Holmwood Highgate Group, with more than three decades of development activity across South East Queensland. Its portfolio spans residential, commercial and industrial property, with current residential projects including Riverbank on Byron in Bulimba, Esperance Residences in Carina and The Precinct at Kinross Road in Thornlands.

Wooloongabba has been popular for apartment developers, particularly since the announcement of the 2032 Summer Olympics games in Brisbane.

While there have been a lot of development applications, it has failed to materialize into real supply.&nbsp;

Sarazin has been the major player in the area. They are under construction at Murcia Residences, on the fringe of East Brisbane and Woolloongabba. They have just launched <a href="https://www.apartments.com.au/new-apartments/the-stanley-residences-woolloongabba-8-trafalgar-street-woolloongabba-qld-4102">The Stanley Residences</a>, in Woolloongabba on Trafalagar Street. They also have Nuage coming soon on the nearby <a href="https://www.apartments.com.au/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba-qld-4102">Wellington Road</a>.

First look: Harridan plans Burke Street transformation beside Boggo Road transport hub

Prahran

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Kew is an inner suburb of Melbourne, Victoira, 5 km east from Melbourne's Central Business District in the City of Booroondara.

In the recent 2017 property market downturn, median house values in Kew fell roughly $450,000 peak to trough.

That's just the fall observable since prices started falling in early 2018, slightly later than the downturn.

Median unit prices in Kew have remained stabler with little overall change from mid 2017 to current day.

However, since climbing to a new peak in early 2019 median apartment prices have fallen $40,000 to where they currently reside, according to the <a href="/news">latest CoreLogic data</a>.

<img alt="" src="https://www.urban.com.au/images/2019/10/14/KEW%20median%20prices%202.JPG">

Kew has grown steadily since the early Bridge Road crossing development and is cited as one of the most prestigious suburbs in Melbourne.

Streets in the Sackville Ward (bounded by Barkers, Burke, Cotham and Glenferrie Roads), such as Alfred, Rowland, Wellington, Grange and Sackville, have numerous examples of Edwardian, Victorian and contemporary architecture.

To learn all you need to know about Kew, from median asking rents to household composition, <a href="/news">click here</a>. 

As a landlord it is important to check the asking rent trend regularly to ensure you are getting the most value out of your investment.
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How Kew house prices have fallen since the 2017 downturn

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Prahran is an inner suburb of Melbourne, Victoria, 5 km south-east of Melbourne's Central Business District, located within the City of Stonnington.
In the recent 2017 property market downturn, median unit values in Prahran fell roughly $125,000 peak to trough.
They have made a moderate recovery since then recovering over 50% of the loss.
House prices in Prahran have seen larger fall in value however they have yet to see a similar trend of recovery, according to the <a href="/developments/st-albans-vic-3021">latest CoreLogic data</a>.
<img src="https://www.urban.com.au/images/2019/10/11/Prahran%20Values.JPG" alt="">
Residential Prahran consists of mostly single storey Victorian and Edwardian terrace houses, with some larger double storey terraces closer to the main shopping strips.
To learn all you need to know about Prahran, from median asking rents to household composition, <a href="/developments/st-albans-vic-3021">click here</a>. 
As a landlord it is important to check the asking rent trend regularly to ensure you are getting the most value out of your investment.
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How Prahran apartment prices have jumped since the 2017 downturn

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An 1897 Victorian residence in Prahran, Victoria has hit the market with a price guide between $3.1 million to $3.3 million.
It has been listed via expressions of interest by Tim Brown from Castran Gilbert South Yarra and Andrew Smith from Kay &amp; Burton. 
Perched high on its original bluestone foundations, the double storey home at <a href="https://www.realestate.com.au/property-house-vic-prahran-132058986" target="_blank">29 Woodfull Street </a>comes with two levels.
The ground level comprises a central hallway leading to formal dining room, separate family zone opening to garden, Miele kitchen, study, and wine cellar.
<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/2019/10/9/prahran%202.jpg" alt="">
The upstairs features master bedroom with ensuite, two further bedrooms and central family bathroom.
Other highlights include designer Articolo lights, open fireplaces, established landscaped gardens and off-street parking.
<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/2019/10/9/prahran%203.jpg" alt="">
The home is located just moments from Orrong Park. 
The expressions of interest campaign for the property closes October 29.
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Prahran 1897 trophy home hits the market 

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A Prahran, Victoria mortgagee apartment has been sold for $300,000.
The one bedroom, one bathroom apartment was marketed by Richard Crane of Cocoon.
Situated at <a href="https://www.realestate.com.au/sold/property-apartment-vic-prahran-131935266" target="_blank">606/15 Clifton Street</a>, communal facilities include gym, garden courtyard, two rooftop sky decks, theatre room, BBQ facilities, and a private entertaining space/wet room.
The property also has a storage cage on title.
It was previously listed from 2015 to 2017 seeking $420,000.
In the latest marketing campaign the home which started in July of this year, saw the property originally seeking $329,500 before being reduced to $309,000.
The abode features 52 square metres of internal space plus a balcony.
Last sold for $445,000, the 2013 built apartment was purchased off the plan in 2011.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><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/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
The median sale price for an apartment in <a href="/developments/prahran-vic-3181">Prahran</a> is $520,500 according to the latest CoreLogic data.
An earlier version of the article wrongly named the eventual developer.
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Prahran mortgagee apartment sold for $150,000 loss 

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The heritage-listed former home of Prahran’s renowned Jacques Reymond restaurant has been listed for sale.
Reymond, who owns <a href="https://www.commercialrealestate.com.au/property/78-williams-road-prahran-vic-3181-2015612121" target="_blank">the Victorian mansion at 78 Williams Road</a>, closed the doors of his restaurant in 2013 after a number of decades.
He entertained the likes of Elton John, Kylie and Danni Minogue, Michael Schumacher and Cliff Richard.
It became Woodland House, the two-hatted fine dining restaurant ran by Thomas Woods and Hayden McFarland, in 2014.
They bought out Reymond, who was their mentor, but were forced to appoint liquidators earlier this year.
In the 1980s it was home to highly regarded restaurant Allison's.
<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/2019/9/11/Jacques%20Reymond%20PRAHRAN%202.jpg" alt="">
Colliers International’s Guy Wells, Ben Baines and Alex Browne are marketing the 1,010 sqm property with a $4.1 million to $4.51 million guide.
The grand gold-rush era property was originally constructed as one of two identical residences in the 1880s as a wedding gift to the owner's daughter. The Reymond family paid $1 million back in 1993.
The neighbouring property is a four bedroom home with formal dining room, living room and ground floor kitchen area.
“Offering rich history and endless charm, this is a rare opportunity to acquire one of Melbourne’s most recognizable buildings and influence the next chapter of this iconic property’s outstanding story," Wells said.
“The property, with its heritage façade, expansive rooms, abundant natural light and high quality improvements, offers a wide range of potential future uses.
<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/2019/9/11/Jacques%20Reymond%20PRAHRAN%201.jpg" alt="">
Wells suggested 78 Williams would suit a conversion back to a grand residential property with its high ceilings, large land holding and surrounding proximity to prestigious schools, major arterials, parklands and retail amenity.
Wells also suggested the building could suit medical offices, as well as having the potential to be converted in to heritage apartments within the existing envelope.
 
 
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jrobinson-rf4aSBido9

Former Prahran home of award-winning Jacques Reymond restaurant hits the market

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A Prahran townhouse designed by Travis Walton Architecture is set to go under the hammer on June 15.
It has been offered by Nicole Gleeson and Nicky Rowe with $2.1 million to $2.31 million hopes. 
Designed for a low-maintenance lifestyle, the north-facing townhouse at 1/12 Chatsworth Road has an open plan living and dining zone, kitchen with dolomite benchtops and breakfast bar, and landscaped garden with dining deck. 
<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/2019/6/5/prahran%202.jpg" alt="">
The upstairs comes with main bedroom with a dressing room and covered balcony, two other light-filled fitted bedrooms and main bathroom.
<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/2019/6/5/prahran%204.jpg" alt="">
Additional highlights include ground-floor powder room, European Oak Chevron flooring, track lighting, concrete media unit, and air conditioning plus heating.
Positioned between Hawksburn and Prahran East Villages, it is within a few minutes’ walk to cafes and shops, trams, train stations and other Prahran, Armadale and Hawksburn amenities.
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Travis Walton-designed Prahran trophy home set for auction

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A four bedroom Melbourne inner city townhouse has hit the market with a price guide between $1.88 to $1.98 million. 
It has been offered by Nikki McCarthy and Kathy Purcell from RT Edgar Hawthorn.
The townhouse at <a href="https://www.rtedgar.com.au/property/774724/22-macquarie-street-prahran/" target="_blank">22 Macquarie Street</a>, Prahran features oversized proportions through a four-level layout including a rooftop terrace with horizon 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/2019/4/19/prahran%202.jpg" alt="">
It comes with three king-sized bedrooms, a private fourth bedroom or office on the ground floor, private balcony, kitchen, and courtyard.
With the advantage garage parking for two cars, the home is within close proximity from transport, parklands and recreation.
<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/2019/4/19/prahran%203.jpg" alt="">
The property last sold in 2015 for $1.53 million.
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Four-level Prahran townhouse with rooftop terrace on the market

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A converted Prahran warehouse belonging to design and communications agency Grenade founder Ben Buxton has hit the market.
Buxton’s father is Melbourne property developer and Rich Lister Michael Buxton.
The two storey property at 2 Macquarie Street is on a 306 square metre site and has 473 square metres of office space.
Features include five car spaces, polished concrete floors, exposed steel trusses and beams, and strategically positioned skylights which, paired with the steel framed windows, provide all around natural light.
The property currently has short term leases generating $119,051 per annum with scope for improvement, according to marketing agents, Teska Carson’s Jack Kelliher and Matthew Feld.
“This is a proven commercial and residential location that’s underpinned by arguably the best lifestyle amenity Melbourne has to offer and that is going to attract a broad range of buyers,” Kelliher said.
“The combination of short term income with the flexible Activity Centre 1 Zoning provides fertile ground for a variety of mixed-use development options to be explored, but the property also has much to offer owner-occupiers and investors especially in terms of the location.”
The proximity to the Chapel Street retail strip is advantageous, Kelliher said.
“The area is also well served by public transport with Prahran and Windsor railway stations, both within walking distance, and tram lines along High and Chapel streets, while Dandenong Road and Punt Road provide access to Melbourne’s freeway network.
Kelliher said the area’s popularity had been underlined by the significant residential and commercial development within the immediate vicinity in recent years. 
“The local area has seen continuous development in recent years due to the first rate amenity, the close proximity to the centre of Melbourne, and Melbourne’s strong population growth.
“These factors, along with historically low interest rates, will continue to drive demand, development and investment in this area for the foreseeable future.”
The property will be auctioned on Friday, May 24 at 1pm on site.
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Converted Prahran warehouse listed by Ben Buxton

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Melbourne gallery owner and art consultant Anna Pappas is selling her striking Prahran home.
Pappas, who runs her own eponymous gallery nearby, paid $360,000 for the timber cottage in 1998.
She commissioned Toby Reed of Nervegna Reed to create The White House, an ultra contemporary residence with polished concrete, black steel, sold timber and natural Brazilian tiles.
The White House has four bedrooms, three bathrooms, a courtyard and a rear garden on its 285 square metre parcel.
Marshall White Armadale agents Dean Gilbert and James McCormack have a $2.7 million to $2.9 million guide for its December 1 auction.
Pappas is the head of the Australian Commercial Galleries Association and is chair of the Melbourne Art Foundation.
This article was first published in the Weekend Australian.
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Art dealer Anna Pappas lists Prahran home

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Chris Hume, the boss of Champion Data who produce the statistics for the AFL and NRL, has bought in Prahran.
Hume is believed to have paid around $6.68 million for St Remy, the Prahran trophy on 1,260 sqm.
He outbid three others to secure the five bedroom grand Victorian. 
Its private gardens feature a pool.
It last traded for $827,500 in 1996.
Kay &amp; Burton agents Michael Armstrong and Robyn Feigen sold the home after having a $6 million to $6.6 million guide.
The house is down the road from AFL chief executive Gillon McLachlan.
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