Repeat buyers are one of the strongest measures of confidence in any apartment development.

At <a href="https://www.apartments.com.au/new-apartments/era-newcastle-west-124-126-bull-street-newcastle-west-nsw-2302">ERA</a> in Newcastle West, some purchasers are returning to <a href="https://www.apartments.com.au/developers/gwh">GWH</a> after living at the developer's One Apartments. Their decision to purchase again was driven by the quality of life they found after moving into their first GWH home.

Keith Wilton had spent years living in a house in East Maitland before deciding it was time for a change. Apartment living had always been on his radar, but he was selective about what he wanted.

<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/FH_1EzB-1vs?si=XScVlP1ERsTDJoME" title="YouTube video player" width="560"></iframe>

"I had some boxes I wanted to tick," he says.

Keith points to the open-plan design, generous outdoor areas and considered inclusions as key reasons One Apartments worked for him.

“One of those things was a nice indoor open plan area, but also I wanted a nice outdoor open area that I could entertain on in summer or Christmases or birthdays,” he says.

He also found value in the smaller details, from integrated appliances to shared resident spaces including the pool, cinema and rooftop areas.

[smartcode_project:default project_id=135096 project_image_fid=356818]

After comparing several developments, he chose One Apartments because of GWH's longstanding local reputation and his own experience working with the developer on a commercial project more than a decade earlier.

"I knew that they were local, that the quality of the build was going to be up there. I'd looked at other apartment complexes around and close by, and I just knew that here was a better decision location wise."

Today, Keith says the move has completely changed how he experiences Newcastle.

"I enjoy living in this location because it's more of a lifestyle change. That Newcastle city living where you can walk to restaurants and bars and even beaches and parks and even shopping across the road."

[smartcode_project:default project_id=135096 project_image_fid=356828]

Beyond the location, he says it's the sense of community that has surprised him most.

"Everyone loves living here because they chose to live here, but everyone looks out for each other. It's a real great community feel here."

For Aimee and Lyle Goodman, the journey started almost by chance.

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The couple happened to be having coffee in Newcastle when they noticed the site where One Apartments was about to begin construction.

"We were aware GWH was planning a development," Aimee says. "We made one phone call and things moved pretty quickly after that."

As busy business owners, they initially thought apartment living would simply reduce the maintenance that came with larger homes. Instead, it fundamentally changed how they spent time together.

"We actually catch up more as a family now," Aimee says.

"We've had homes with big yards and lots of space, but everyone ended up in different rooms. Here we'll have dinner together, the kids can play, and we spend far more quality time together."

[smartcode_project:default project_id=135096 project_image_fid=356829]

Lyle says their confidence came from GWH's reputation within Newcastle's building industry.

"I know people who've worked across different apartment projects, and whenever GWH came up the feedback was always the same. They're rock solid. They're quality."

That confidence only grew throughout the buying process.

"One of the things that really impressed us with GWH was the whole process, was the communication," Lyle says. "It was consistent, it was regular, there was no problem if we had some weird questions, there was no problems in getting answers."

[smartcode_project:default project_id=135096 project_image_fid=351104]

Aimee says one moment stood out.

"The project actually finished on time. We realised we needed to hurry up and sell our house because everything was happening exactly when they said it would."

The positive experience at One Apartments ultimately gave all three buyers the confidence to purchase again with GWH, this time at ERA.

Their confidence reflects what many buyers are seeking in today's apartment market. Location remains important, but so too does certainty around delivery, quality and long-term liveability.

[smartcode_project:default project_id=135096 project_image_fid=356822]

ERA builds on those foundations with 280 one, two and three-bedroom apartments across two landmark towers in <a href="https://www.apartments.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/fk-australia">Fender Katsalidis</a>, the project will include more than 2,000 square metres of resident amenities, including a resort-style pool, gym, sauna, private cinema and rooftop entertaining spaces overlooking the harbour and coastline.&nbsp;

The development is also within walking distance of the Newcastle Interchange, Honeysuckle, Darby Street, the harbour foreshore, restaurants, retail and the city’s beaches, continuing the walkable lifestyle that existing GWH buyers say has transformed how they live.

[smartcode_project:default project_id=135096 project_image_fid=356826]

For Keith, the appeal remains straightforward.

"You feel at home even before you've moved into your home."

For Aimee, the change is measured in time.

“I just felt like I had more time,” she says.

[smartcode_project:default project_id=135096 project_image_fid=351102]

Construction at ERA is now underway, with more than half of the residences already sold and limited two and three-bedroom apartments remaining in the East Tower release. Priced from $980,000 for two-bedroom residences and $1.46 million for three-bedroom residences, buyers can secure an apartment with a 10 per cent deposit, with premium homes offering ocean views from Level 8 and harbour views from Level 10.

ERA is also backed by Resilience Insurance's 10-year Latent Defects Insurance policy, providing protection against structural or waterproofing defects for 10 years after completion. The project is anticipated to be completed in early 2028.

[smartcode_project_cta:default project_id=135096]

Joel Robinson

From ONE to ERA: Why buyers are choosing GWH again in Newcastle West

Virgate Property Group is preparing to commence construction of Verdé, its new apartment development in Melbourne's Arts Precinct at Southbank, following a strong run of sales that has seen more than half of the project's 173 apartments secured.

Verdé has attracted a broad mix of first home buyers, owner-occupiers upgrading from nearby inner-city suburbs and investors, with younger owner-occupier couples aged between 28 and 45 accounting for the strongest enquiry. Many are already living in Southbank, South Melbourne, Albert Park, Port Melbourne, South Yarra and the CBD.

"Verdé is located in one of the most desirable pockets of southern Melbourne," Blair Property Group Director Darren Blair, who is managing sales at Verdé, said.

"It's within walking distance of the Arts Centre, Royal Botanic Gardens, Albert Park Lake, and Southbank's restaurants and retail. It's a great lifestyle location with strong amenity and liveability, which made it a very attractive choice for the project."

[smartcode_project:default project_id=4661 project_image_fid=372549]

Virgate was already familiar with the precinct, having previously delivered the successful Domain House development in neighbouring South Melbourne. That experience gave the developer confidence to acquire the Coventry Street site and continue expanding its presence in Melbourne's inner south.

"We had been keeping an eye on the site and the broader precinct for a few months before deciding to move forward with the acquisition," Virgate said.

The project was ultimately secured in 2020 following feasibility studies, planning assessments and due diligence, with the brief centred on delivering "a high-quality, considered design that feels both refined and fit for purpose."

[smartcode_project:default project_id=4661 project_image_fid=314259]

Designed by <a href="https://www.apartments.com.au/architects/bruce-henderson-architects">Bruce Henderson Architects</a>, Verdé comprises 173 one, two and three-bedroom apartments priced from $599,000. The architecture is distinguished by a faceted glass façade that responds to both the site's outlook and Melbourne's changing light conditions.

According to Bruce Henderson Architects, the coloured glazing gives the building a distinctive identity while also providing privacy and solar shading, with residences oriented to capture views across the bay, city skyline and surrounding parklands.

Inside, <a href="https://www.apartments.com.au/interior-designers/designoffice">DesignOffice</a> has created interiors focused on natural light, efficient planning and enduring materials. Apartments feature engineered oak flooring, natural stone benchtops, floor-to-ceiling glazing and SMEG appliances, while a restrained material palette aims to complement the expansive outlooks rather than compete with them.

[smartcode_project:default project_id=4661 project_image_fid=372550]

Resident amenity has also been designed around everyday functionality rather than occasional use. Facilities include a concierge-serviced lobby, residents' lounge with fireplace, library and co-working space, gym, terrace garden with barbecue facilities, ground-floor café, and package delivery management.

The project's location continues to be one of its strongest drawcards. Positioned on Coventry Street, Verdé sits within walking distance of the National Gallery of Victoria, Arts Centre Melbourne, Royal Botanic Gardens and Albert Park Lake, while Southbank's dining precinct, Sturt Street trams and the new ANZAC Station are all nearby. The surrounding education catchment also includes Melbourne Grammar, Melbourne Girls Grammar, Mac.Robertson Girls' High School and several major university campuses.

The sales team says buyers have responded particularly well to the combination of location, design quality and long-term liveability.

"They're responding really positively to the quality of the design, premium resident amenities and the uninterrupted views. Many also appreciate the location and how connected it is to everything they need."

The ability to secure stamp duty savings before completion has also been a key factor for purchasers, alongside the opportunity to personalise finishes ahead of settlement.

With construction set to commence soon and more than half the apartments already sold, Verdé enters its next phase as one of the Arts Precinct's more established apartment developments, offering remaining buyers an opportunity to secure a residence before construction advances further. Expected completion is scheduled for late 2027.

[smartcode_project_cta:default project_id=4661]

Virgate's Verdé Southbank moves toward construction as sales fly past halfway stage

Downsizer-focused apartment development Kooyongkoot in Hawthorn has been recognised at the 2026 Better Future Melbourne Design Awards, taking home Gold and Silver awards in two categories.

<a href="https://www.apartments.com.au/new-apartments/kooyongkoot-hawthorn-1-kooyongkoot-road-hawthorn-vic-3122">Kooyongkoot</a>, currently being delivered by developer PQD and designed by Cera Stribley, received Gold in the Interior Design – Proposed category and Silver in the Architecture – Proposed category.

The dual recognition reflects the design approach behind the boutique development on prestigious Kooyongkoot Road, where the focus has been on creating homes for downsizers seeking the space, quality and functionality of a detached house within a low-rise apartment building.

Rather than maximising apartment numbers, <a href="https://www.apartments.com.au/developers/pqd">PQD</a> and <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a> limited the development to just 18 residences, allowing for larger floorplans, greater privacy, generous landscaping and expansive communal spaces.&nbsp;The majority of the apartments also benefit from corner aspects, allowing for dual sources of natural light.

Now around 70 per cent complete and on track for completion in November 2026, Kooyongkoot will comprise a mix of garden residences, ter​race apartments, sub-penthouses, and is crowned by two half-floor penthouses with direct lift access and private rooftop terraces.

[smartcode_project:default project_id=102717 project_image_fid=355297]

The Silver Award for Architecture recognised the way the building responds to its prominent corner position at the ent​rance to Hawthorn's Scotch Hill precinct, one of Melbourne's most established residential neighbourhoods.

Rather than competing with the grand homes that line Kooyongkoot Road, the architectural approach focused on restraint and longevity, using curved brickwork, generous landscaping and carefully considered proportions to integrate with the existing streetscape.

"The form feels fluid and timeless, as though shaped by the landscape itself – architecture that belongs, rather than competes," said Chris Stribley, Co-Founder and Managing Principal of Cera Stribley.

The judging submission also highlighted practical innovations throughout the building, including lift cores servicing only nine homes each, a central landscaped lightcourt designed to bring daylight and ventilation into the building, and fully enclosed private storage rooms with lighting, power and shelving to better accommodate residents transitioning from larger family homes.

[smartcode_project:default project_id=102717 project_image_fid=355293]

The Gold Award for Interior Design recognised the project's focus on long-term liveability rather than display-home aesthetics.

According to the awards submission, the interiors were designed from the inside out, prioritising how homes would function over decades of daily use through generous proportions, practical storage, durable natural materials and flexible layouts.

The specification includes natural stone throughout, upgraded acoustic glazing, V-ZUG appliances and fully enclosed storage rooms, alongside an amenity offering focused on wellness, entertainment and everyday convenience.&nbsp;

Residents will have access to a gym and yoga studio, a wellness centre featuring traditional and infrared saunas, a cold therapy shower and treatment room, as well as a residents' lounge and golf simulator/cinema room for entertainment.&nbsp;Kooyongkoot has also considered the everyday convenience of its residents by offering a private carwash and pet wash facilities on site as well as dedicated parcel lockers and oversized fully enclosed storage rooms.&nbsp;

[smartcode_project:default project_id=102717 project_image_fid=355303]

The project's attention to detail has already resonated with buyers. Earlier this year, Kooyongkoot recorded one of Boroondara's highest apartment sales when an $8 million penthouse was purchased by a Melbourne CEO downsizing from a nearby family home.

"Every detail feels deliberate, from the overall design down to the smallest touches," the purchaser said.

"The level of quality and refinement is exceptional, but what really sold it was how liveable it felt... It felt like a place where everything had been considered, not just a luxury building."

[smartcode_project:default project_id=102717 project_image_fid=355304]

Sustainability also formed a key part of both award submissions. Kooyongkoot is targeting a minimum 7.5-star NatHERS rating across all residences, supported by passive design principles, high-performance glazing, EV charging infrastructure, water reuse systems and a wellness model focused on lower-energy dry facilities rather than pools and large wet areas.

Located within walking distance of Scotch College, Methodist Ladies' College, Koo​yong Lawn Tennis Club, Aubur​n Village and Camberwell Junction, Kooyongkoot continues to target owner-occupiers looking to remain in Melbourne's inner east without compromising on space or quality. A limited selection of two, three and four-bedroom residences remains available, with prices starting from $1.9 million.

[smartcode_project_cta:default project_id=102717]

Kooyongkoot wins Gold and Silver at Better Future Melbourne Design Awards

New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

Richmond

The Tigers were outplayed by an inform Melbourne Demons under the lights&nbsp;at the MCG on Saturday night.

At Urban we thought we&#39;d take a look at the property stakes between the two suburbs.

The MCG conveniently sits between the two, with Richmond coming from the east and residents in the Melbourne CBD heading west, both less than four kilometres from the iconic venue.

Richmond&rsquo;s apartment price has jumped nearly two per cent, in Q1 2021, according to Jellis Craig. The median unit price now stands at $610,000.

As many markets, Melbourne CBD has seen lower volumes of interest from investor in 2021 than past years given the closed borders, now focusing offers and incentives on owner occupiers.

Still, apartments there are down around 1.4 per cent over the same period.

We&#39;ve rounded up the best apartments for sale in Richmond and Melbourne.

<h2>Richmond</h2>

One of Richmond&#39;s most sought-after developments&nbsp;is Two51 Swan, set on Richmond&#39;s prized Swan Street.

Delivered by&nbsp;Blueprint Projects, TWO51 features a collection of 25 apartments over seven levels, including 18 serviced apartments and a top-floor penthouse.

[smartcode_project:default project_id=3298 project_image_fid=30548]

Pitched at&nbsp;second-home buyers and downsizers, the residences are likely to house high net worth individuals seeking modern living amongst Richmond&rsquo;s rich heritage.

Designed by&nbsp;Watson Young&nbsp;Architects, the project includes ground floor retail space and a grand lobby, rich with gold detailing and art deco opulence.

Prices at Two51 Swan start from $1.03 million.

Appealing more to the first home buyer is&nbsp;Light Edge, the BPM developed block of 31 apartments designed&nbsp;by DKO.

One bedroom apartments in the six level complex start from $400,000, which includes a parking space, and sit just over one kilometre from The G.

[smartcode_project:default project_id=2439 project_image_fid=95045]

<h2>Melbourne</h2>

One of Melbourne&#39;s most recently completed towers is the $470 million Melbourne Grand, developed by Central Equity.

[smartcode_project:default project_id=3490 project_image_fid=92417]

They had Multiplex deliver the 58 level high-rise apartment building which won the 2020 HIA Victorian Apartment Complex of the Year award.

High-profile architects Guilford Bell + Graham Fisher designed the 646 apartment block at 560 Lonsdale Street, standing some 200 metres above street level.

Apartments are still available in the completed building. One bedroom apartments are priced from $489,000, two beds from $569,000 and three bedroom apartments from $869,000.

Around 800 metres away on Collins Street is Collins House, the Bates Smart-designed tower.

[smartcode_project:default project_id=755 project_image_fid=95068]

One of Melbourne&#39;s&nbsp;thinnest skyscrapers, the Deague Group&#39;s slender tower floats atop the grand heritage facade of the Maker&rsquo;s Mark building.

It homes&nbsp;259 spacious apartments across 60 floors with panoramic city views and floor to ceiling double glazed windows.

There are two levels of amenity with the level three&nbsp;Collins Terrace featuring indoor and outdoor dining and lounge spaces, a gourmet chef&rsquo;s kitchen for resident&rsquo;s use and an open terrace surrounded by lush greenery atop the heritage facade.

The level 27 St James Club has a state of the art gym, an outdoor deck and private bar and lounge areas.

The Tigers were dealt a blow by Melbourne Demons under the lights at the MCG on Saturday night.

Melbourne Demons v Richmond Tigers: How the two suburbs stack up in the property stakes

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At TWO51 on Swan, residents are welcomed home to a grand lobby, which is rich with gold detailing and art deco opulence, set back off Richmond's bustling Swan Street. The Blueprint Projects development has been architecturally designed by Watson Young Architects, with civil works being led by Buxton Construction.

Boasting a collection of 28 two, three and four bedroom residences the project provides lively luxury living on one of Richmond's most popular streets.

Just a short walk down the road and you can access the Coppin Street/Swan Street train station, as well as buses and trams, which will have you across town in minutes. Spend your weekends enjoying brunch at one of the many famous eateries along Swan Street, or take a tram down the road to peruse the retail boutiques at Chapel Street.

[smartcode_project:default project_id=3298]

A few hundred metres down Swan St is the pub Union House and the Swan Hotel and Public House, with its own roof terrace.

With two and three bedroom apartments starting at $1 million and $1.285 million respectively the deluxe, a four bedroom, three bathroom affair is priced at $3.5 million

Set for completion in August later this year, TWO51 on Swan remains a short drive from the Burnley gardens and golf course as well as the Richmond Recreation Centre, and a number of shopping options. Plus the nearby Richmond Fitness First.

 
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Boasting a collection of 28 two, three and four bedroom residences the project provides lively luxury living on one of Richmond's most popular streets

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Get to know Melbourne's Richmond: What's within walking distance from Two51 Swan?

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With construction works well underway on Richmond’s latest luxury development, TWO51, Urban takes a look at the stylish development which is expected to reach completion in August.

Delivered by Blueprint Projects, TWO51 boasts a collection of 25 apartments over seven levels, including 18 serviced apartments and a top-floor penthouse.

Marketed to second-home buyers and downsizers, the residences are likely to house high net worth individuals seeking modern living amongst Richmond’s rich heritage.

Designed by Watson Young Architects, the project includes ground floor retail space and a grand lobby, rich with gold detailing and art deco opulence.

<a href="/buildings/two51-on-swan-245-251-swan-street-richmond"><img alt="" height="4385" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/two51-on-swan-245-251-swan-street-richmond-ed3cbfdea626db06bcfcf70165277f1b.jpg" width="5298"></a>

Every dwelling offers its own luxury features, with winter garden-style terraces included in apartments on levels one and two, and spacious terraces increasing in size across the remaining residences as the façade tiers back off Richmond’s bustling Swan Street.

“The combination of brickwork and exposed steel on the lower levels reflects the industrial culture of this inner Melbourne suburb,” Watson Young associate Tas Tzoulis said. “While the upper levels boldly utilise a collection of more lavish and refined materials to create an aesthetically pleasing juxtaposition of styles.”

The interiors feature spacious, open-plan layouts with stone benchtops, panelled joinery and an abundance of natural light, carefully designed in-house by Watson Young’s interior division.

<a href="/buildings/two51-on-swan-245-251-swan-street-richmond"><img alt="" height="4616" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/two51-on-swan-245-251-swan-street-richmond-2a910f1ec2ca946514093404753ee8ab.jpg" width="6000"></a>

Similarly, each bathroom boasts the finest fixtures and fittings, with wall mounted lighting, walk-showers and satin chrome tapware. The bathrooms are also fully-tiled with ample storage, concealed cisterns and duaal wall-hung vanities.

Just a stone’s throw from Melbourne’s CBD, Swan Street train station and Chapel Street retail offerings, the stylish development will provide convenience and amenity to its future residents.

[smartcode_project:default project_id=3298]
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Delivered by Blueprint Projects, TWO51 boasts a collection of 25 apartments over seven levels

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TWO51 on Swan: Architect-designed homes in Melbourne’s Richmond

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Development has been approved for a $80 million mixed-use building in Richmond, on the fringe of Melbourne’s CBD.
Located at 2 Brighton Street and named The Richmond, the project is 10 storeys high and will encompass 78 apartments and a ground-floor retail tenancy.
The site comprises 1,300 square metres, and will features a mix of one, two, and three-bedroom apartments and penthouses.
<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/2020/2/24/RICHMOND%20THE%202.jpg" alt="">
Georgina Goldsworthy, the senior development manager at ICON Developments, who are delivering the project, says The Richmond ‘has a timeless design inspired by modernist principles and will enhance the surrounding streetscape through its simple grid format, raw materiality, use of greenery and café offering.’
Construction of the complex is set to commence early 2021.
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Richmond $80 million complex approved for development

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The MAB Corporation is now selling offices in their Yarraberg Workspaces - A yet-to-be-built six-storey commercial strata development in Richmond. 
Located just 4km from Melbourne’s CBD, the project on Blazey Street was was designed by award winning Plus Architecture, with landscaping by Tract Consultants. 
It will include five floors of office space, with ground level retail, secure basement parking and a rooftop terrace. 
“This is a unique opportuntity to provide premium and innovative strata office product in a pocket of Richmond undergoing rapid transformation. Yarraberg Workspaces offers a level of quality and creative workplace design not currently seen in this part of Richmond,” said MAB General Manager Commercial, Mike Martin. 
The company will start construction on the $40 million project late this year, with completion set for 2021.
 
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Richmond's Yarraberg Workspaces come onto market

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<a href="/new-apartments/island-house-richmond-23-29-bridge-road-richmond">Island House</a>, as the name suggests, is a boutique development on a highly coveted island section which borders the prestigious neighbourhood of East Melbourne and Melbourne’s vibrant suburb of <a href="/new-apartments/richmond-vic-3121">Richmond</a>. The limited collection of homes features seven luxury residences and three full-floor penthouses, all of which boast stunning vistas of the surrounding parklands and a bird’s eye view of Melbourne’s iconic cityscape. Situated within a low-rise heritage precinct means that residents can enjoy uninterrupted views year-round.

The development, to be delivered by <a href="/developers/volume-projects">Volume Projects</a>, has been designed by the talented team at <a href="/architects/pitch-architecture-developments">Pitch Architecture</a> and features carefully considered interiors by award-winning designer, Fiona Lynch. Meticulously crafted interiors bring to life the vision of encompassing all aspects of a calming, tranquil oasis and include soft, organic timber and natural stone textures. All apartments offer plenty of built-in storage and floor-to-ceiling windows for ample light flow throughout every home. 

<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/island-house-inset-3.jpg" rel="gallery-all" title="Island House apartment bedroom. Image supplied."><img alt="" class="image-article-full-width-580px" height="248" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/island-house-inset-3.jpg?itok=A5Vt0ZuN" title="Island House apartment bedroom. Image supplied." width="580"></a>

<figcaption>Island House residence bedroom. Image supplied.</figcaption></figure><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/island-house-inset-2.jpg" rel="gallery-all" title="Island House apartment kitchen. Image supplied."><img alt="" class="image-article-full-width-580px" height="248" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/island-house-inset-2.jpg?itok=AaHiqjS4" title="Island House apartment kitchen. Image supplied." width="580"></a>

<figcaption>Island House residence kitchen. Image supplied.</figcaption></figure><h2>PENTHOUSES</h2>

The penthouses of Island House bring a new vision of statement living to East Melbourne, which is evident from the moment buyers step into their private lobby. Each of the three hyper-luxury homes contains a double-sided feature fireplace, a sophisticated bar area, dedicated wine fridge, 360º panoramic views and opulent vaulted ceilings. Buyers will also be invited to customise their apartments to suit their requirements and personal style.

<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/int_u5-1_kitchen_final.jpg" rel="gallery-all" title="Island House Penthouse kitchen. Image supplied."><img alt="" class="image-article-full-width-580px" height="181" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/int_u5-1_kitchen_final.jpg?itok=_9QMeLRT" title="Island House Penthouse kitchen. Image supplied." width="580"></a>

<figcaption>Island House penthouse kitchen. Image supplied.</figcaption></figure><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/int_u5-1_ensuite_final_1.jpg" rel="gallery-all" title="Island House Penthouse bathroom. Image supplied."><img alt="" class="image-article-full-width-580px" height="580" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/int_u5-1_ensuite_final_1.jpg?itok=evarVsC-" title="Island House Penthouse bathroom. Image supplied." width="580"></a>

<figcaption>Island House penthouse bathroom. Image supplied.</figcaption></figure><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/int_u5-1_living_final.jpg" rel="gallery-all" title="Island House penthouse living room"><img alt="" class="image-article-full-width-580px" height="145" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/int_u5-1_living_final.jpg?itok=KZyfh4u1" title="Island House penthouse living room" width="580"></a>

<figcaption>Island House penthouse living room</figcaption></figure><h2>LOCATION</h2>

Just 1.5 kilometres from Melbourne’s CBD, Island House provides the perfect retreat from city life, while being centrally located for effortless accessibility. Situated within walking distance to Melbourne’s landmark sporting and entertainment precinct, residents will love exploring all that the neighbourhood has to offer, as well as enjoying sports games and concerts at the MCG and Rod Laver Arena. 

In addition to Island House’s excellent walkability, residents will also be able to access multiple pockets of the city via the world-class tram and train network right at Island House’s doorstep. 

<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/island-house-slider-1-1.jpg" rel="gallery-all" title="Island House location. Image supplied."><img alt="" class="image-article-full-width-580px" height="300" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/island-house-slider-1-1.jpg?itok=dCr36Hpu" title="Island House location. Image supplied." width="580"></a>

<figcaption>Island House location. Image supplied.</figcaption></figure><h2>THE DETAILS</h2>

On offer is a selection of 1, 2 and 3-bedroom apartments, available by private sale from $570,000. Entire-floor luxury penthouses are currently available from $5 million. 

Viewings are now available to interested buyers upon appointment. 

Would you like to learn more about Island House or book a display suite tour? <a href="/new-apartments/island-house-richmond-23-29-bridge-road-richmond">Reach out to the sales agent here</a>.
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Olivia Round

Introducing Island House: Customisable bespoke apartments in a sought after East Melbourne locale

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Three tenants have signed new long term leases totalling more than $1 million in rents on nearly 2000 square metres of showroom space in Church Street, Richmond.
The deals, which have exhausted vacancy on the strip, were struck at undisclosed rents and include furniture stores, Plush and BoConcept, and rugs dealer, Jenny Jones.
Teska Carson’s Jack Kelliher, who brokered the deals with Michael Taylor, Michael Ludski and Fergus Evans, said demand was always strong on Church Street.
"This is a market which seemingly operates in a virtual economic vacuum unaffected it would seem by the headwinds impacting the retail market generally. That is not to say that these business are necessarily making as handsome a profit as they might have done in better times but that they are acutely aware of the value of location in an extremely competitive market,’’ Mr Kelliher said.
Mr Kelliher said the fact that the three quality tenants agreed to strong per square metre rents for the strip, and at incentives well under the 15 per cent average, underlined the strength of demand and the lack of stock. Average rents on the strip are generally over $550 a square metre.
``Church Street is always strong in the showroom market, in fact it is arguably Melbourne’s best inner-city showroom strip and that is exemplified by the fact that there is absolutely nothing available at the moment and plenty of enquiry for any opportunity that comes to market,’’ Mr Kelliher said.
The leases include:
1. Plush - 658 Church Street (pictured in title) - 902 square metres 2. Jenny Jones - 620 Church Street (pictured below) - 560 square metres 3. BoConcept - 527-531 Church Street - 472 square metres
<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/2019/10/22/Church%20st.jpg" alt="">
Mr Taylor said the availability of parking, wide street frontages, and exposure to a very popular furniture precinct had been significant considerations for all tenants.
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Latest three leases leave Church Street strip completely occupied

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Richmond is an inner suburb of Melbourne, Victoria, 3 km east of Melbourne's Central Business District, located within the City of Yarra.
The median unit price in Richmond fell roughly from $560,000 to $541,250 between 2017 and 2018. 
Since then, its median unit price have risen by more than 6 per cent. 
<a href="https://www.propertyobserver.com.au/images/2019/10/14/richmond%20unit.jpg" target="_blank">Click here</a> to enlarge: 
<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/2019/10/14/richmond%20unit.jpg" alt="">
Median house price in Richmond shows an opposite pattern compared to its median unit price, according to the <a href="/developments/richmond-vic-3121">latest CoreLogic data</a>.
With a large number of small homes in its narrow streets, Residential Richmond consists of some Melbourne's best examples of residential architecture from most periods.
To learn all you need to know about Richmond, from median asking rents to household composition, <a href="/developments/richmond-vic-3121">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 Richmond apartment prices have jumped since the 2017 downturn

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A two store commercial strip investment at Richmond is set for an october auction 
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Located at 142 Bridge Road between Lennox Street and Wustemenn Place, the property comprises a 135 sqm, two level, Edwardian style building. 
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Previously operated as a restaurant, the ground floor comprises a dining area and commercial kitchen and on the first floor mezzanine, a function area.
It also benefits from first floor storage/office space and a rear courtyard. 
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The Commercial 1 zoned site has just under five metres frontage to Bridge Road and secondary access via a laneway at the rear to parking. 
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Teska Carson’s Fergus Evans and Adrian Boutsakis have the listing.  
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"This property will have enormous appeal to investors and owner-occupiers with its close proximity to the $350 million Epworth Hospital redevelopment along with several new developments due for completion in 2020/2021, and on one of Melbourne’s best known and most popular retail strips,’’ Mr Evans said.  
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Mr Boutsakis said the area had enjoyed commercial and residential development in recent years driven by population growth and the first rate amenity in close proximity to the CBD.  
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He said the location also benefitted from excellent public transport, recreational facilities and close proximity to major arterial routes.
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The property will be auctioned on Friday, October 11. 
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Edwardian style Richmond Hill retail building on market

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The Richmond-Tweed region has seen sales activity fall over the last couple of years, with dwelling sales down 14 per cent over the year to February 2019, according to the latest CoreLogic Regional Report.
The report reveals challenging property market performance across Australia’s regions, with falling sales activity in the twelve months to February 2019.
<a href="https://www.propertyobserver.com.au/images/2019/6/4/richmond%201.jpg" target="_blank">Click here</a> to enlarge:
<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/2019/6/4/richmond%201.jpg" alt="">
Source: CoreLogic
Home values are lower year-on-year with house values down -1.3 per cent per cent over the year to March 2019, while unit values are -1.9 per cent lower over the same period.
<a href="https://www.propertyobserver.com.au/images/2019/6/4/richmond%202.jpg" target="_blank">Click here</a> to enlarge:
<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/2019/6/4/richmond%202.jpg" alt="">
 
Source: CoreLogic
 
Looking at the Richmond-Tweed rental market, the advertised rental rate for houses and units increased by $20/week and $10/week respectively over the 12 months to March. 
The average time it takes to sell a home across the region has increased by 7 days for houses and 2 days for units, while the average vendor discount has also increased for both houses and units when compared to February 2018.
<a href="https://www.propertyobserver.com.au/images/2019/6/4/richmond%203.png" target="_blank">Click here</a> to enlarge: 
<img src="https://www.urban.com.au/images/2019/6/4/richmond%203.png" alt="">
 
Source: CoreLogic
<a href="https://www.propertyobserver.com.au/images/2019/6/4/richmond%204.jpg" target="_blank">Click here</a> to enlarge: 
 
<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/2019/6/4/richmond%204.jpg" alt="">
Source: CoreLogic
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