<a href="https://www.apartments.com.au/developers/draycon">Draycon Building</a> is nearing completion of Boutique Chevron Island, a 42-apartment development on the northern end of Chevron Island at 17–19 Parneno Street, with a limited-time offer of fully furnished apartments available.

Now more than 90 per cent complete, <a href="https://www.apartments.com.au/buildings/boutique-chevron-island-17-19-parneno-chevron-island-qld-4217">Boutique</a> has been shaped by one of the Gold Coast’s most tightly held island addresses, where riverfront outlooks and walkable access to Surfers Paradise converge.

For Draycon Building Managing Director Howard Dabit, the appeal of the site was immediate.

“I knew it was a good site as soon as I saw it,” Dabit said.

“The position and location on the north end of <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>, the way the river swirls around the site basically from the north to the east, it feels like the site is surrounded by the water. The height that we’ve got and the aspect looking north is beautiful. Eighty per cent of the apartments are looking north so they get that drenching sunlight coming in.”

[smartcode_project:default project_id=89709 project_image_fid=360922]

That northern orientation places the development within a stretch of Chevron Island defined by open river aspects and skyline views, while remaining embedded in the suburb’s established village setting.

Chevron Island has increasingly drawn owner-occupiers seeking centrality without the intensity of high-rise beachfront living. Positioned at the geographical centre of the Gold Coast, the island offers direct access to both the beach and key cultural infrastructure while retaining a neighbourhood-scale character.

Connected by bridge to Surfers Paradise, Chevron Island offers walkable access to beaches, riverfront parklands and a revitalised foreshore boulevard animated by walkers and cyclists throughout the day. The Pacific Ocean is only minutes away, reinforcing the suburb’s dual river-and-surf identity.

At the same time, Thomas Drive forms the spine of the island’s village life, delivering cafés, wine bars, casual dining and everyday services within easy reach. Independent grocers, wellness operators and neighbourhood retailers contribute to a community atmosphere that remains distinct from the vertical scale of the beachfront.

[smartcode_project:default project_id=89709 project_image_fid=360915]

In the opposite direction, the Green Bridge links directly to HOTA – Home of the Arts – placing galleries, performance venues and parklands within walking distance. Weekly markets and major exhibitions draw visitors from across the region, while residents return to a quieter residential pocket at day’s end.

Public transport, including nearby bus routes and the G:link light rail corridor along the coastal spine, strengthens connectivity north and south. Griffith University, the Gold Coast University Hospital precinct and established private schools such as The Southport School are all within a short drive.

Ongoing investment across Surfers Paradise, HOTA and the broader Southport corridor has elevated amenity while preserving Chevron Island’s comparatively low-rise residential character. It is this balance, walkable village atmosphere paired with metropolitan-scale infrastructure, that continues to differentiate the suburb from higher-density beachfront precincts.

Boutique comprises just 42 residences, designed to maximise river and skyline outlooks within this tightly held island setting.

Boutique Chevron Island is slated for completion in April 2026, with prices starting from $1,220,000.

[smartcode_project_cta:default project_id=89709]

Joel Robinson

Draycon Building’s Boutique Chevron Island places 42 residences at the heart of the Gold Coast

Sydney developer <a href="https://www.apartments.com.au/developers/deicorp">Deicorp</a> has secured planning approval for a $300 million residential development in Lindfield, marking the company’s second project on Sydney’s North Shore and its first on the Upper North Shore.

Located on Beaconsfield Parade and designed by DKO Architecture, the state significant development comprises three buildings of up to 10 storeys and will include 399 residences, including 59 affordable homes and 40 adaptable homes.

Residences will range in size from one, two and three bedrooms, with two-bedroom apartments accounting for over 60 per cent of the product make-up. Residents will have access to a broad suite of amenities, including a wellness area, indoor and outdoor recreational spaces, a pool, a gym, a community room and a golf simulator.

In line with Deicorp’s long-standing focus on creating transit-oriented communities, the project is located just 260 metres from the Lindfield Train Station, reinforcing its role in delivering well-connected housing close to established infrastructure, retail and local services.

The inclusion of affordable and adaptable housing supports greater diversity within the local market, while the mix of apartment types responds to demand from downsizers, young professionals and families seeking access to the Upper North Shore.

Deicorp Founder Fouad Deiri OAM said the approval represents an important milestone for both the company and the suburb

“This approval allows us to deliver well-designed homes in a location that is already supported by strong transport and community infrastructure," Deiri said.

"Our focus is on creating places that integrate into their surroundings and provide long-term value for residents, and the broader Lindfield community. Being within walking distance of the station ensures this project supports sustainable growth in the right locations."

Across its portfolio, Deicorp currently has 4,703 apartments under construction, playing a leading role in shaping connected, liveable communities across Sydney.

Its expanding portfolio of Metro-linked developments includes Tallawong Village, <a href="https://www.apartments.com.au/new-apartments/kings-bay-village-five-dock-53-75-queens-road-five-dock-nsw-2046">Kings Bay Village</a> in Five Dock, <a href="https://www.apartments.com.au/new-apartments/hyde-metropolitan-sydney-133-141-liverpool-street-sydney-nsw-2000">Hyde Metropolitan</a> in Sydney CBD, <a href="https://www.apartments.com.au/new-apartments/falcon-alexander-crows-nest-8-alexander-street-crows-nest-nsw-2065">Falcon &amp; Alexander</a> in Crows Nest and Showground Village, Castle Hill.

Deicorp purchased the Beaconsfield Paradise site last year. Construction is scheduled to commence in Q2 of 2026 and will be completed in 2029.

Deicorp expands portfolio to nearly 5,000 apartments with Lindfield project

In a joint venture with The Trump Organization, Australia developer Altus Property Group has announced plans to bring a Trump International Hotel &amp; Tower to the Gold Coast, marking the first Trump-branded project in Australia.

&nbsp;

"Trump International Hotel &amp; Tower, Gold Coast is our first official project in Australia and reflects our unwavering commitment to delivering world-class luxury experiences in iconic locations around the world," Eric Trump, Executive Vice President of The Trump Organization, said.

"This development exemplifies the Trump brand’s dedication to quality, sophistication, and unmatched service, and we are thrilled to bring this vision to the vibrant Gold Coast community."

The 91-storey building, which will become the tallest in Australia at 335 metres, will feature a&nbsp;285-room luxury hotel bearing the trademark Trump logo. It will also include 272 luxury residential apartments, a three-level podium with an exclusive Beach Club, and over 3,400 sqm of premium commercial, retail, and dining space, revitalizing the central Surfers Paradise precinct.

“Trump International Hotel &amp; Tower, Gold Coast will be a truly unique offering in the Australian market, bringing the prestige and allure of a world-class luxury brand,"&nbsp;Altus founder and chief executive David Young said.

"Altus Property Group is proud of its track record in delivering landmark developments across Australia, and our expertise ensures this project will be an outstanding success."

Trump Hotel heads for the Gold Coast to become Australia's tallest building

More than a century after the Corrimal Coke Works first opened in 1912, the industrial landmark that helped shape the suburb is being reinterpreted as a walkable residential neighbourhood, with Stage One of <a href="https://www.apartments.com.au/new-apartments/the-works-stage-one-27-railway-street-corrimal-nsw-2518">The Works</a> now underway at 27 Railway Street.

For 102 years, the site was central to <a href="https://www.apartments.com.au/developments/corrimal-nsw-2518">Corrimal</a>’s economic and social identity before operations ceased in 2014. Rather than erasing that legacy, developer Legacy Property has embedded it into the masterplan, retaining and reinterpreting elements such as the iconic 1912 brick chimney and sections of the original C1 Coke Oven Battery, alongside the adaptive reuse of the former powerhouse building.

Stage One will introduce 181 apartments across low-rise buildings, offering predominantly two and three-bedroom residences with completion targeted for mid-2027. The scale and configuration reflect a deliberate focus on owner-occupiers, targeting those seeking a lower-maintenance home in a prime location within the northern suburbs of Wollongong.

[smartcode_project:default project_id=143415 project_image_fid=359833]

Apartments have been designed to maximise natural light and cross-ventilation, with floor-to-ceiling glazing extending living areas onto generous balconies. Engineered timber flooring, induction cooktops and 900mm ovens in larger residences support everyday functionality, while two interior palettes allow buyers to tailor finishes to their preferences. The material selection draws on a restrained coastal language, intended to connect homes to their surroundings rather than compete with them.

The Works forms part of a broader 18-hectare masterplan that will ultimately deliver around 550 dwellings, new parks, and a heritage precinct celebrating the site’s past. More than seven hectares are dedicated to open space, including Southern Park and a Village Green with community gardens and recreation areas. The creek corridor is being rehabilitated with 150,000 native plantings, restoring biodiversity to the site and softening landscape.

[smartcode_project:default project_id=143415 project_image_fid=359841]

Positioned adjacent to Corrimal Station and within walking distance of Corrimal Town Centre, the precinct places daily essentials, rail connections and local retail within easy reach. Wollongong CBD, including the hospital, university and entertainment venues, sits approximately 6.5 kilometres to the south.

For buyers more familiar with North Wollongong, Corrimal offers a different proposition: a well-established coastal suburb framed by beaches to the east and the escarpment to the west, with a strong sense of local identity shaped in part by the former Coke Works. The Works seeks to reinforce that identity by creating a connected, walkable neighbourhood between coast and escarpment, rather than a standalone apartment complex.

Sustainability underpins the development approach. The Works is targeting Wollongong’s first 5-Star Green Star-rated community, with water-sensitive urban design, recycled materials and energy-efficient buildings integrated across the masterplan. For residents, these measures provide not only environmental benefits but also reduced operational costs and future resilience.

[smartcode_project:default project_id=143415 project_image_fid=359842]

With construction commenced and display materials available to view, prospective buyers can now engage more directly with the project’s vision, reviewing floorplans, material selections and the broader masterplan in detail. For many local homeowners weighing a move, the opportunity to experience how heritage, landscape and contemporary design intersect may help bridge the gap between familiarity and the next chapter.

As Stage One progresses toward its mid-2027 completion, The Works represents a significant chapter in Corrimal’s evolution, transforming a site that once powered local industry into a walkable residential precinct designed for its next generation of residents.

[smartcode_project_cta:default project_id=143415]

Legacy Property’s The Works reimagines Corrimal’s century-old Coke Works

When it comes to developing in Melb​ourne's Bayside region, <a href="https://www.apartments.com.au/developers/lowe-living">Lowe Living</a> knows exactly what buyers want.

With a longstanding presence in the area and a string of sell-out projects, Lowe Living consistently delivers developments that are as sought-after as their predecessors.

Their latest instalment is in <a href="https://www.apartments.com.au/developments/hampton-vic-3188">Hampton</a><a href="https://www.apartments.com.au/developments/hampton-east-vic-3188">&nbsp;East,</a> the same postcode where they have previously delivered Hampton Hill and Oceano. The developer-builder recently commenced construction on its newest project,&nbsp;<a href="https://www.apartments.com.au/new-apartments/marella-hampton-31-35-alicia-street-hampton-east-vic-3188">Marella</a>, a collection of 32 apartments just five minutes from the beach.

Site acquisition is paramount to success. Lowe Living rarely brings a building to market that isn’t within walking distance of essential amenities, whether it be the beach, a prominent retail strip, or a train station. Marella is no exception, located at its Alicia Street address, less than a kilometre from the retail heart of Hampton Street and Hampton Station.

[smartcode_project:default project_id=146197 project_image_fid=358495]

Equally important to Lowe Living is the architecture.

For Marella, they appointed <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>, who explains that the architectural vision was to create a contemporary reinterpretation of the Californian bungalow, a style that’s iconic to Hampton’s heritage.

"By borrowing, abstracting, and reinterpreting elements of this quintessential style, such as strong datum lines, articulated columns, exposed structures, and roof tiles, our design strikes a balance between modernity and familiarity," says Cera Stribley.

"This approach ensures that the development is not only visually appealing but also contextually sensitive, resonating with Hampton's existing architectural landscape."

[smartcode_project:default project_id=146197 project_image_fid=358499]

The building features terracotta brick, soft cream masonry, and exposed metal detailing, giving it a tactile presence that is intended to weather gently over time.

Internally, the focus on lasting quality continues, with two and three-bedroom residences anchored by sculptural stone kitchen islands, natural light, and clearly defined transitions between living, dining, and outdoor spaces.

The layouts have been carefully designed. Open-plan zones extend to private balconies, with light-filled interiors and generous kitchen proportions, supported by Miele wall ovens, induction cooktops, and integrated fridge-freezers. These are not small apartments rebranded as luxury; they have been designed at scale, with ample storage, hotel-style entry access, and secure basement parking provided as standard.

[smartcode_project:default project_id=146197 project_image_fid=358492]

At the uppermost level, Marella’s Signature Collection penthouses offer city or bay views, large entertaining terraces (some with outdoor spas), and elevated finishes, including fully wrapped stone kitchen benches and a Liebherr wine fridge.

Flexible room arrangements allow for a fourth bedroom or secondary living space, sought-after by both empty nesters who want the space when family visits and families with older children.

[smartcode_project:default project_id=146197 project_image_fid=358498]

A residents’ lounge on the ground floor reinforces the project’s small-community feel. With a fireplace, private dining area, and adjoining terrace, it’s one of several shared spaces that balance amenity with privacy and scale.

Construction has commenced, with completion expected in early 2027.

[smartcode_project_cta:default project_id=146197]

Lowe Living continues Bayside legacy as Marella rises in Hampton

Ringwood

A 111-residence residential project across two buildings in Ringwood, Nelson Bourke, was recently presented their second award from the 2021 Design Matters National building design awards, following a win the previous year.

The project&rsquo;s second stage at 8 Bourke Street was awarded the &lsquo;Multi-Residential Over $6M Award&rsquo; by the leading professional body for building designers.

Delivered by Orion International Group and designed by renowned CK Architecture, the award-winning project also received a commendation for the &lsquo;Medium Density Development Award&rsquo; from the 2019 UDIA awards for excellence for their first stage.

[smartcode_project:default project_id=3313 project_image_fid=20488]

Nelson Bourke and the designs&#39;&nbsp;forward-thinking has been met with a positive reception from buyers, as well as the Maroondah City Council, evidenced in the successful sell-out of the first stage in 10 months.

The 8 Bourke Street mid-rise integrates sophisticated luxury and peaceful sanctuary living, providing 49 one, two and four-bedroom apartments over four levels.

Just metres from the bustling Eastland Shopping Centre, the project brings the sleek and contemporary architecture of the inner city to the suburbs.

[smartcode_project:default project_id=3313 project_image_fid=39028]

Designed to attract with eye-catching street appeal, the signature &lsquo;8OURKE&rsquo; lit sign gives the building a strong presence and sense of identity.

Design cues were taken from the leafy Ringwood area and surrounds, offering a consistent look and field to other properties in the area and replicating the stylish, large homes on a smaller scale.

The fa&ccedil;ade features premium fa&ccedil;ade cladding and stone that elevate the concept of luxury design, but also impart a welcoming and homely feel.

[smartcode_project:default project_id=3313 project_image_fid=39024]

Bespoke, light-filled apartments see stone flowing seamlessly through to the interior, creating a sense of refinement.

[smartcode_project_cta: project_id=3313]

8 Bourke Street was awarded the ‘Multi-Residential Over $6M Award’ at the 2021 Design Matters National building awards

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Back-to-back award win for Ringwood apartment development, Nelson Bourke

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A vast property, described as a ‘car lover’s dream’, has come onto the market in Ringwood East. 
Located on Angus Avenue, the six-bedroom home sits on a 5,000 sqm block and features a purpose built 13-car garage. 
Seller, Barry Misurek, says he has loved cars since he was young and couldn’t give up the opportunity to build a garage good enough to store his collection. 
“The garage was built under the footprint of the house and it was built at a huge expense in order to provide an environment for a workshop and also classic cars,” Mr Misurek said. 
The impressive residence also features an indoor pool, tennis court, commercial grade cooling system, shed, courtyard pond, and acoustically designed music room. 
Selling agent Peter Munt, from Ray White Bayswater, has listed the property. 
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wdavis-8cCN98p7xp

Ringwood mansion listed for sale

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A Ringwood, Victoria mortgagee home has been sold for $772,000, $43,000 less than what is last traded for.
The property last sold for $815,000 in 2017.
Micheal Hill and Brett Freeman of Noel Jones marketed the property at <a href="https://www.realestate.com.au/sold/property-house-vic-ringwood-132664414" target="_blank">142 Watirna Road</a>.
The three bedroom, two bathroom house sold during an auction in late January.
Built in 1988, the home sits on a 688 sqm block.
Situated within walking distance of Ringwood Station, local buses, open green spaces and Ringwood Golf Club, its also near schools and shopping centres.
<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 price for a house in <a href="/news">Ringwood</a> is $800,000, according to CoreLogic data.<a href="/news"> </a>
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j.ballantyne1990-6AQqhLzZaK

Ringwood, Victoria mortgagee home sold for minor loss

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A new 200-room hotel has been announced for the Melbourne suburb of Ringwood.
Marriott International announced the project, which will become part of company’s signature AC hotel chain.
“We are thrilled to be Sunstone Projects’ partner of choice for their first hotel development, under our distinctive AC Hotels by Marriott brand,” said Richard Crawford, Senior Director of Hotel Development, Australia, New Zealand and Pacific, Marriott International.
“The AC Hotels by Marriott brand is renowned globally for its refined approach to design and its European-inspired touches, and we know it will be an exciting addition to the East End development and Ringwood area.”   The complex will house 200 guest rooms (including five suites), casual all-day-dining, a bar, and an indoor heated pool and gym.
The venue will span a total of 354 square metres.
The hotel is projected to be completed, and opened, in 2024.
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New AC Hotel announced for Ringwood in 2024

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In terms of the best growth suburbs to invest in Melbourne, valuer John Costanzo believes there is still plenty of value to be had in Ringwood and Croydon, according to the latest Herron Todd White (HTW) residential report. 
"While the property market started 2019 on a positive note with more interest from buyers, auction clearance rates rising and banks chasing more business, another hurdle has been put in our way," the valuation firm said. 
"While the current slump in property values resembles those in 2008 during the global financial crisis, this time around, our economy is sound with interest rates at an all-time low." 
A four bedroom house positioned within a highly coveted cul-de-sac in Ringwood with views of Dandenong Ranges has recently been sold for $796,000.
Nestled on a 559 square metre allotment, the brick house at<a href="https://www.realestate.com.au/sold/property-house-vic-ringwood-129317002" target="_blank"> 4 Gibson Court</a> (pictured below) comprises master with built-children's playroom, three additional bedrooms, living and dining room with views, and sleek stone kitchen.
It has easy access to schools, shops and public 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/2019/6/27/ringwood%20.jpg" alt="">
Another pick is Wantirna, according to the HTW report. 
"While Wantirna South’s median entered the $1 million club in 2018, its sister suburb Wantirna is inevitably next in line," the valuation firm commented. 
With a median house price of $960,600, it offers excellent transport links, schools and proximity to Westfield Knox Shopping Centre, which will undergo a long- awaited major redevelopment from November 2019.
A current listing is a three bedroom single level house priced between $880,000 to $960,000.
Situated at <a href="https://www.realestate.com.au/property-house-vic-wantirna-131232658" target="_blank">2 Fortescue Court, Wantirna</a> (pictured below), the house comes with master bedroom, two additional robed bedrooms, living and dining spaced with porcelain tiles, smart kitchen and family area. 
Additional features include ducted heating, split-system heating/cooling, salt-chlorinated in-ground pool with deck surround and double garage.
<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/2019/6/27/wantirna%20.jpg" alt="">
<a href="https://www.propertyobserver.com.au/images/2019/6/27/east%20mel.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/2019/6/27/east%20mel.jpg" alt=""> 
"Investors should start thinking about suburbs where infrastructure upgrades, particularly with links to transport, could put them at the top of the next boom.
"Buyers are still being cautious and with tighter lending conditions still in place, it’s likely the eastern Melbourne market will tread water in the latter half of 2019, although this will vary depending on local market conditions and demand. Only time will tell."
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Ringwood, Croydon and Wantirna - best suburbs to invest in Melbourne: HTW residential 

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Located 23km east of Melbourne’s CBD, Ringwood is beginning to fulfil its potential as a state government-designated development area. Considered fringe suburbia until 15 years ago, Ringwood has enjoyed a substantial growth in recent years, with Apartments.com.au currently tracking 19 projects at various stages of their respective life cycles within the Ringwood Metropolitan Activity Centre, reinforcing its status as a burgeoning satellite city.

With a population of 17,471* and rising, a range of factors have contributed to Ringwood becoming a key property hot spot with investment from both the private and public sectors. The major catalysts has been the $66 million redevelopment of Ringwood Station and the $665 million expansion of Eastland Shopping Centre, which also included a Sage Hotel - the first to be developed above a shopping centre in Melbourne.

Additionally, as Melbourne seeks to decentralise into a series of 20 minute neighbourhoods, Ringwood is capitalising on its proximity to schools, freeways, public transport and major shopping destinations such as Eastland. 

<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/ringwood_development.png" rel="gallery-all" title="Ringwood's development pipeline"><img alt="" class="image-article-full-width-580px" height="322" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/ringwood_development.png?itok=2O9d1-rI" title="Ringwood's development pipeline" width="580"></a>

<figcaption>Ringwood's development pipeline</figcaption></figure>More recently hotel operator IHG announced it had signed an agreement to operate a Holiday Inn-branded mixed-use development, signalling its confidence in Ringwood. The development will feature 82 apartments and a 164-room hotel offering all day dining and bar, conference and meeting facilities, a gym and a swimming pool, along with on-site parking.

Opening in 2020, the Holiday Inn &amp; Suites Melbourne Ringwood is being developed by Ninety Four Feet and Omni Property Group who recently signed Hamilton Marino to build the CHT Architects-designed complex.

<blockquote>
We are thrilled to sign our second hotel with IHG, and our first hotel in Australia. Ringwood is an exciting destination, with a vibrant community and growing business investment that has included a $66 million upgrade to Ringwood Train Station and a $665 million expansion of Eastland Shopping Centre. We are confident that, with the world’s largest brand family behind it, Holiday Inn &amp; Suites Ringwood will be a huge success

- Dean Rzechta, Managing Director at Ninety Four Feet Property Development (via <a href="https://www.propertyobserver.com.au/https://www.thehotelconversation.com.au/news/2018/10/08/holiday-inn-hotel-announced-melbourne-suburb-ringwood/1538950503">The Hotel Conversation</a>)
</blockquote>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/holiday_inn_-_ringwood_2.jpg" rel="gallery-all" title="The Holiday Inn &amp; Suites Melbourne Ringwood. Image: IHG via The Hotel Conversation"><img alt="" class="image-article-full-width-580px" height="372" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/holiday_inn_-_ringwood_2.jpg?itok=3YiuxK2e" title="The Holiday Inn &amp; Suites Melbourne Ringwood. Image: IHG via The Hotel Conversation" width="580"></a>

<figcaption>The Holiday Inn &amp; Suites Melbourne Ringwood. Image: IHG via The Hotel Conversation</figcaption></figure>Developer OzProperty has also found recent success with its Highwood residential development designed by DKO Architecture, which delivered record-breaking capital appreciation for Ringwood on a challenging site. Completed in late 2017, the master planned development comprises 36 town houses,with an emphasis on maximising light to interiors and providing a variety of architectural typologies along the streetscape.

<blockquote>
DKO has designed Highwood with a range of streetscape typologies to reflect families who make up a large proportion of the local area. It is no surprise that one of the homes at Highwood has broken the record for capital appreciation because Ringwood is an exciting area for everyday people who are looking to get onto the property market. It’s one of several government identified growth zones, where infrastructure and industry will be leveraged for capital growth.

- Koos de Keijzer
</blockquote>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/ebp_ozproperty_highwood_ringwood-6298.jpg" rel="gallery-all" title="OzProperty's Highwood development has experienced substantial capital growth in a short time. Images: OzProperty"><img alt="" class="image-article-full-width-580px" height="202" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/ebp_ozproperty_highwood_ringwood-6298.jpg?itok=xOYrAVO_" title="OzProperty's Highwood development has experienced substantial capital growth in a short time. Images: OzProperty" width="580"></a>

<figcaption>OzProperty's Highwood development has experienced substantial capital growth in a short time. Images: OzProperty</figcaption></figure>Purchasers Lu Dongyan &amp; Duan Hongbo purchased Highwood’s Lot 26 off the plan in 2015 for $549,000 and settled the property on 6th November 2017. They decided to sell their home a few months later in April 2018 for $702,500. They making a profit of $153,500 in 5 months.

Highwood has demonstrated that demand for highly considered, architecturally designed medium density homes with multiple typologies, and close to amenity and transport are still highly sought after.

<blockquote>
The overall Melbourne market is generally challenging, however areas such as Ringwood are still maintaining strong interest from buyers. The primary reason is the recent infrastructure and private development spending has now been delivered, making Ringwood a great place to be, but another part of the story is price attainability and affordability. You can still get a 4 BR townhouse, suitable for a family, under $1m. We’re all aware the challenge in the current market is the limited liquidity and credit due to the main banks’ lending policy changes, so affordability is critical. 

Ringwood was a suburb in transition. The central Ringwood area was earmarked for over $1b in developments including the Eastland expansion, new Costco, Ringwood train station upgrade and a series of mixed use developments. Furthermore, the supply of large parcels of land was limited, so we had a unique opportunity to offer a high quality medium density solution in the backdrop of all the other higher density development activity.

With most of the infrastructure and developments now complete, Ringwood today offers a much higher level of liveability than other suburbs. It’s surprisingly walkable and the green, leafy outlook is just wonderful.

- Raghav Goel, Director, Oz Property
</blockquote>

Established in 2007, Oz Property Group is focused on delivering sustainable, considered developments around key activity zones in response to a rapidly evolving and growing Melbourne market.

* 2016 Australian census data
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Laurence Dragomir

Ringwood's development scene and property market remain strong

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One of the latest planning applications to be advertised via City of Boroondara underlines the growing ambitions of Balwyn-based developer Melstone.

352-358 Canterbury Road is Melstone's latest endeavour, having enlisted Elenberg Fraser to deliver a design that will capitalise upon Melstone's confidence in Melbourne's local apartment market. The Surrey Hills project intends to replace a permit for a more modest Neil Architecture-designed scheme of 29 predominantly townhouse dwellings.

Conversely Melstone hopes to yield 42 apartments across the 5 level proposal which has a development cost of $20 million. Asked by Apartments.com.au, Melstone says the Surrey Hills project will squarely be aimed at local downsizers and owner occupiers.

<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/image86_6.jpg" rel="gallery-all" title="Wide pan view of 352-358 Canterbury Road. Image: Melstone"><img alt="" class="image-article-full-width-580px" height="280" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image86_6.jpg?itok=AvNG0ezA" title="Wide pan view of 352-358 Canterbury Road. Image: Melstone" width="580"></a>

<figcaption>Wide pan view of 352-358 Canterbury Road. Image: Melstone</figcaption></figure>352-358 Canterbury Road has been positioned to become the area's premier apartment development, as described by urban planning agency proUrban:

<blockquote>
The proposed development presents an elegant, mid-rise, mixed-use building of architectural excellence on an underutilised inner-urban landholding. The building proposes to reinforce an emerging character of mid-rise buildings, as emphasised within planning policy and evidenced through recent planning approvals in the area for buildings of increased scale.
</blockquote>

As a result the Surrey Hills proposal's apartment split sees 4 single, 25 double and 13 triple bedroom apartments.

Surrey Hills though is not the only apartment development on Melstone's agenda. A display suite sits at the ready at 33-35 Ringwood Street, after the DKO Architecture-designed application gained approval during April.

<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/image87_3.jpg" rel="gallery-all" title="33-35 Ringwood Street. Image: DKO Architecture"><img alt="" class="image-article-full-width-580px" height="327" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image87_3.jpg?itok=kURsXIkk" title="33-35 Ringwood Street. Image: DKO Architecture" width="580"></a>

<figcaption>33-35 Ringwood Street. Image: DKO Architecture</figcaption></figure>The Ringwood development is a seven storey mixed use project consisting of a basement car park, ground floor retail spaces and apartments above. Apartments.com.au <a href="/news/ringwoods-has-600-apartments-under-construction-as-a-new-project-nears-launch">recently highlighted</a> the currently robust Ringwood apartment market, with 600 apartments now under construction.

Melstone expect 33-35 Ringwood Street to launch in coming months, and will be aimed at capitalise upon the underlying demand for apartments in the suburb.

Melstone's largest project was a Box Hill apartment development which they successfully sold during 2017 with a permit in place. 16-22 Wellington Road includes approximately 130 apartments over 14 levels in another design conceived by Elenberg Fraser.

The Box Hill project entered planning during early 2016 under the guidance of Melstone and found approval late in the same year.

Melstone's rise to prominence is reflective of many Melbourne developers who began with small-scale apartment or townhouse pursuits and have progressed to more robust developments, mirroring the growing appetite for apartments across wider Melbourne.

<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/image84_10.jpg" rel="gallery-all" title="Box Hill's 16-22 Wellington Road. Image: Elenberg Fraser"><img alt="" class="image-article-full-width-580px" height="539" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image84_10.jpg?itok=rBSxb3Jn" title="Box Hill's 16-22 Wellington Road. Image: Elenberg Fraser" width="580"></a>

<figcaption>Box Hill's 16-22 Wellington Road. Image: Elenberg Fraser</figcaption></figure>
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silvermb

Melstone moves on Melbourne's eastern suburbs

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The erection of a tower crane for 233 East has seen the overall number of apartments under construction within Ringwood surge to approximately 600.

These 600 apartments are spread across seven separate apartment developments of varying sizes, yet the overall figure is representative of the underlying demand for apartment living in the outer eastern suburb. 233 East is at this stage the highest profile development to begin construction owing to its height and location.

Opposite Eastland and fronting Maroondah Highway, the LSA Architects-designed project will add just shy of 100 new apartments. At 10 levels it will also be the area's tallest apartment building upon completion.

<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/image105_0.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="302" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image105_0.jpg?itok=4_7fFuTv" width="580"></a>

<figcaption>233 East is at construction</figcaption></figure>The balance of projects at construction is located well back from Maroondah Highway in a pocket bound by Bond Street, Ringwood Street and the Ringwood Bypass.

Largest at construction is the tri-building Eden Square project; Head contractor Hamilton Marino is well into the build phase with the eventual outcome some 200 plus apartments adjacent to the Mullum Mullum Creek. Eden Square is noteworthy in that its premier residences managed to sell for $2.55m and $2.5m respectively.

Next in terms of size is Nelson Bourke Apartments at 1-7 Nelson Street. Builder Buxton has taken the floor plate above ground for the dual building development that will result in 111 apartments.

The balance of developments at construction adding to the 600 apartment figure includes Venus Apartments, Ark Apartments and The Edge Apartments.

<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/img_2525.jpg" rel="gallery-all" title="Nelson Bourke Apartments progress"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/img_2525.jpg?itok=O0hkrzfz" title="Nelson Bourke Apartments progress" width="580"></a>

<figcaption>Nelson Bourke Apartments progress</figcaption></figure>Another development due for a construction start is The Selection with Method Constructions signage up across the site. The builder is set to begin works on the Embrace Architects-designed project which includes 49 apartments and two ground floor retail tenancies.

The project's marketing campaign billed it as Ringwood's premier apartment development, which includes seven levels of living above two basement levels. The Selection's facade will predominantly consist of exposed concrete, charcoal steel frames, perforated metal screens and shaded glazing wraps.

Whilst the number of apartments under construction within Ringwood is at an all-time high, a newly assembled display suite has appeared at 33-35 Ringwood Street.

The display suite's arrival may well signify the signifying the imminent launch of the DKO Architecture-designed seven level apartment development that hit planning with 38 apartments in tow.

<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/rwdko.jpg" rel="gallery-all" title="33-35 Ringwood Street. Planning image: DKO"><img alt="" class="image-article-full-width-580px" height="363" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/rwdko.jpg?itok=suHxqfRQ" title="33-35 Ringwood Street. Planning image: DKO" width="580"></a>

<figcaption>33-35 Ringwood Street. Planning image: DKO</figcaption></figure>
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Ringwood's has 600 apartments under construction, as a new project nears launch

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Sage Hotel Ringwood, located at Eastland Shopping Centre opened its doors on Tuesday 10 October becoming the first hotel in Victoria to be developed atop a shopping centre.

The new 120-room, full-service hotel spans five floors above the shopping centre and includes a restaurant, bar, conference and co-working facilities comprising of a boardroom, function room and a co-working space with a capacity of 80 people.

The hotel was delivered under a design and construct contract for QIC, following Probuild’s completion of the $500M+ Eastland Shopping Centre Redevelopment in 2016.

<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/eastland_hotel.jpg" rel="gallery-all" title="The Sage Hotel bar at Eastland. Image: Probuild"><img alt="" class="image-article-full-width-580px" height="435" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/eastland_hotel.jpg?itok=hnl3XLFz" title="The Sage Hotel bar at Eastland. Image: Probuild" width="580"></a>

<figcaption>The Sage Hotel bar at Eastland. Image: Probuild</figcaption></figure>Probuild’s September handover allowed Next Story Group four weeks of preparation to ensure a smooth opening day and first-class experience for guests. 

<blockquote>
We’re incredibly proud to have delivered Victoria’s first retail destination hotel. We’re building a number of large-scale luxury hotels around the country, including The Ritz Carlton in Melbourne and Perth and The Star Gold Coast. It’s been fantastic to combine this and our mixed-use experience with a project such as Sage Hotel Ringwood.

- Probuild Victorian Managing Director, Luke Stambolis.
</blockquote>

QIC GRE and Next Story Group will be teaming up once again on the $800 million 80 Collins Street project which will feature a 300-room NEXT hotel and is currently under construction. This presents Next Story's second foray into the Melbourne hotel scene following on from Sage.

Meanwhile, Probuild will be keeping busy having recently been awarded the contract for the first stage of Far East Consortium's West Side Place project at 250 Spencer Street, the site of the former Age building.

The first stage of the $1bn project will deliver 1376 apartments across two towers, as well as the tallest hotel in the southern hemisphere - the 263 room Ritz-Carlton hotel which will rise to a height of 270m.

<blockquote>
This Victorian project is one of unprecedented scale and ambition, not just for Probuild but for Melbourne. West Side Place will be an exemplary project for generations to come.

-  Luke Stamboulis
</blockquote>

Probuild will commence preparatory works on West Side Place immediately, with construction anticipated to commence in November this year. West Side Place is scheduled for completion in 2022. 
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Eastland's Sage Hotel officially opens, contract awarded for Ritz Carlton

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Ringwood's apartment market is displaying a new-found degree of depth and maturity of late.

Whilst Apartments.com.au has in the past placed the spotlight on a handful of pending high-rise projects that will physically redefine the suburb, <a href="/new-apartments/ringwood-vic-3134">Ringwood's</a> current apartment charge is most definitely due to a squadron of low and mid-rise projects that have propelled the suburb to the fore as an apartment market of choice.

A sign of Ringwood's progression is news that has filtered through in the last week regarding the sale of a penthouse within the Eden Square project. Located across the top floor within Stage Two of the development, the 288sqm dwelling has just sold off the plan for a sizeable $2.42 million.

This follows on from the news that five apartments within the development were sold for over $1 million, whilst selling agen Marshall White Projects also oversaw the sale of all 10 apartments containing three bedrooms sold with a matter of hours during project launch.

Pushing apartment prices within the suburb to new highs, the success of the Eden Square project is very much symptomatic of Ringwood's success of late.

<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/image84_6.jpg" rel="gallery-all" title="Eden Square. Image: Marshall White Projects"><img alt="" class="image-article-full-width-580px" height="266" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image84_6.jpg?itok=evTw1sb3" title="Eden Square. Image: Marshall White Projects" width="580"></a>

<figcaption>Eden Square. Image: Marshall White Projects</figcaption></figure>Ringwood's progression is backed by data released by RPM Real Estate during March which translates the suburb's success into raw numbers.

The outer east's designated Metropolitan Activity Centre, Ringwood has and will continue to be the beneficiary of an investment pipeline which equates to $1.213 billion. According to RPM Real Estate, that investment will span 148,527sqm of non–residential floor space and 1,392 residential dwellings.

Hand in hand with these figures are the increased employment opportunities across the area; 2.8% per annum over the two years to September 2016, thus providing 8,500 plus additional jobs. RPM Real Estate data also shows that Ringwood's median house price has increased by a sizeable average of 15.6% per annum to $860,000, while its median unit price has increased by 8.9% per annum on average to $530,125.

With this increased development and employment activity, and the rise of respective median prices, Ringwood's Metropolitan Activity Centre's resident population is forecast to increase by 58% over the five years to 2021.

<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/image68_8.jpg" rel="gallery-all" title="The Selection is coming to Ringwood"><img alt="" class="image-article-full-width-580px" height="340" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image68_8.jpg?itok=KFAjDYLA" title="The Selection is coming to Ringwood" width="580"></a>

<figcaption>The Selection is coming to Ringwood</figcaption></figure>In light of the above figures, it would then come as no surprise that Ringwood's apartment market has reached a stage where pending releases are seeking to distinguish themselves from the pack. No longer a one-dimensional apartment market, this new level of differentiation where one project trumpets its superiority relative to others demonstrates an expanding degree of market depth.

Put quite simply Ringwood's apartment market is now large enough to offer genuine choice for prospective buyers.

<a href="/buildings/the-selection-8-bond-street-ringwood">The Selection</a> is the latest project looking to capitalise on the emerging and increasingly diverse Ringwood apartment buyer. Located at 8 Bond Street and diagonally opposite Eastland, the project which has yet to formally launch, has positioned itself as a cut above in terms of quality.

In terms of current and future projects, Apartments.com.au is tracking 16 major developments within Ringwood; the majority are dedicated apartment projects with Sage Hotel Eastland and Quest Maroondah Highway the notable exceptions. The overall number of 16 projects will invariably increase as new developments come online.

During March a revised application was submitted for <a href="/new-apartments/bond-central-48-bond-st-ringwood">48-52 Bond Street</a>. In a sign of confidence in the market, its proponents have sought to expand the development from three to seven levels, with the new plans expected to yield 90 dwellings onsite.

<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/img_0967.jpg" rel="gallery-all" title="Sage Hotel atop Eastland "><img alt="" class="image-article-full-width-580px" height="435" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/img_0967.jpg?itok=HyxWjBtv" title="Sage Hotel atop Eastland " width="580"></a>

<figcaption>Sage Hotel atop Eastland</figcaption></figure>
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