Nature Based Cities (NBC), the not-for-profit organisation focused on improving biodiversity and nature outcomes in urban development, has launched its latest industry design guidelines and accreditation framework, this time targeting precinct-scale residential communities.

The move extends NBC’s influence beyond its initial focus on medium and high-density residential developments. Several projects have already achieved NBC accreditation since the launch of its Medium &amp; High-Density Residential Guidelines in early 2025.

The expansion into masterplanned communities and new residential precincts reflects the growing need for stronger nature-positive benchmarks as Australia’s outer suburban growth corridors continue to expand at pace.

Paul Hameister OAM, NBC Founder and the Executive Chairman of Melbourne developer Hamton who itself leans heavily into nature and biodiversity in its developments, says the&nbsp;nature-first approach to mitigate the effects of climate change has become standard in other parts of the world such as the UK, but Australia is lagging.&nbsp;Australia’s environmentally sustainable design (ESD) rating tools have no minimum mandatory requirements for living landscapes.

“We’ve always wanted to do more, and we know other developers who want to do more, but the ESD rating tools just aren’t there,” Hameister says. “In Australia, you can have a five-green-star rated building that’s concrete and glass with not a blade of grass. 
 
“The focus is on reducing emissions, which is laudable, but there hasn’t been enough attention paid to protecting and re-establishing nature. We need both for the health of the environment and for communities.”

He says that having now&nbsp;made good progress in supporting developers of medium and high-density residential projects, NBC is now looking to bolster better nature-based decision-making and recognise developers of greenfield projects in the outer ring and large inner-ring brownfield precincts, who want to champion nature and living landscape as a defining feature.

Since 2022, the not-for-profit has sought to remove the roadblocks preventing developers from incorporating nature and living landscapes into their projects, shifting the conversation from the reduction of emissions and grey infrastructure, toward recognising nature as an essential infrastructure.

The New Communities Design Guidelines and Scorecard arm developers with the tools needed to deliver a nature positive outcome for their new communities. Intended to be adopted at the outset of the planning process, the guidelines are designed to help create communities that are cooler, healthier and more resilient while also enhancing social wellbeing and long-term economic value.&nbsp;

New Communities developers seeking accreditation will be independently assessed across a range of key criteria including ecology, tree canopy, biodiversity, and walkability. Once the masterplan is complete and submitted for approval, the scorecard is formalised based on proposed outcomes. Projects that meet the NBC criteria will receive either Commended or Exemplary accreditation outcomes, creating a clear benchmark for nature-positive new communities in Australia.&nbsp;

Janis Fischer, Director at Tract and NBC Advisory Council member, said the development of new communities in our suburbs can have a substantial impact on nature and biodiversity.

"By incorporating nature-based design principles at the inception of a project, developers and their design teams can achieve nature positive outcomes that are good for both people and the planet.’’&nbsp;

NBC accredited New Community projects will gain access to NBC branding and marketing tools to help communicate their nature-based credentials to purchasers and the broader market.&nbsp;

Joel Robinson

Nature Based Cities: A new Australian benchmark for developing nature-positive new communities

Apartment buildings are increasingly being designed around how people actually live day to day, not just how they want a building to look.

For buyers, that shift is showing up in practical inclusions that respond to changing habits. Work-from-home spaces, EV charging, wellness amenities, secure bike storage and parcel management are becoming part of the broader apartment conversation, reflecting a move toward buildings that reduce friction in everyday life.

Online shopping has become one of the clearest examples of that change.

Australians spent a record $82.6 billion online in 2025, with nearly one in four retail dollars now spent online. That has made parcel delivery a regular part of apartment living, rather than an occasional inconvenience.

For apartment residents, however, the delivery process can be less straightforward than it is for detached homes. Parcels may be left in lobbies, redirected to Post Offices, missed entirely, or placed under the responsibility of building managers and concierge teams.

That is why secure parcel infrastructure is increasingly being considered alongside more familiar apartment amenities.

<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/-VjjLwoViX0?si=A3k7ws9NX35Uac7_" title="YouTube video player" width="560"></iframe>

Australia Post Parcel Lockers offer one way to address the issue. When a parcel arrives, residents receive a notification through the AusPost app or SMS, then collect it using a QR code or one-time PIN. The parcel is kept secure, accessible and removed from common areas.

The broader Parcel Locker network now includes more than 1,500 locations across Australia, positioned at Post Offices, shopping centres, supermarkets, transport hubs and other accessible locations.

For new apartment projects, the relevance is clear. A building’s amenity offering is no longer only about lifestyle spaces, but also about convenience, security and functionality.

As buyer expectations evolve, secure parcel delivery is becoming part of the same design conversation as flexible working, sustainable transport and resident wellbeing.

It is one less thing for residents to worry about, and another example of apartment design adapting to the way Australians now live.

Apartment design is adapting to the way Australians shop

While school holidays and trips to Europe tend to define the winter property market, there's been no cold snap at <a href="https://www.apartments.com.au/new-apartments/the-walden-north-sydney-177-walker-street-north-sydney-nsw-2060">The Walden</a> in North Sydney.

Developer-builder&nbsp;<a href="https://www.apartments.com.au/developers/aland">ALAND</a> sold more than $35 million worth of apartments throughout June, including a $6.8 million apartment that now ranks among the highest apartment sales ever recorded in North Sydney.

SRM Residential agent Ben Stewart said buyer demand throughout June reflected a mix of improving market confidence and longer-term thinking from owner-occupiers.

"We're seeing strong demand from owner-occupiers who are taking a longer-term view," Stewart said.

"Many recognise the opportunity to secure an apartment in an iconic building and premium location while values remain attractive. They may initially lease the property, but the intention is to eventually move in themselves, rather than purchasing purely as an investment."

[smartcode_project:default project_id=134323 project_image_fid=367129]

Located at 177 Walker Street, The Walden will deliver 161 one, two, three and four-bedroom residences across a 30-storey tower designed by Rothelowman. Every apartment occupies a corner position, maximising natural light, cross ventilation and views across Sydney Harbour, the Opera House, Sydney Heads and the northern districts.

Rather than a traditional balcony, the residences feature winter gardens that seamlessly extend the open plan living areas, creating versatile spaces for relaxing or entertaining throughout the year. Floor-to-ceiling glazing draws in natural light while showcasing sweeping views from the building's elevated Walker Street position.

Every apartment features high-end Calacatta marble, bespoke joinery, and fully integrated appliances.

The larger residences have been planned with distinct entertaining and private zones, with many master suites positioned on corners to capture natural light and harbour views. Walk-in dressing rooms, freestanding baths and refined stone finishes reinforce the house-like feel that has resonated with downsizers and owner-occupiers.

[smartcode_project:default project_id=134323 project_image_fid=6393]

Rothelowman Principal Ben Pomroy said the project was designed to make the most of its unique position overlooking the harbour.

"The Walden is a celebration of all things beautiful, curated for those who expect nothing less than exceptional," Pomroy says.

"Meticulously designed entertaining spaces and light-filled living areas that capitalise on capturing the natural beauty of Sydney's iconic harbour."

Residents will also have exclusive access to The Pavilion, a dedicated amenity building featuring a rooftop pool, wellness studio, gymnasium, sauna, concierge service, residents' lounge, private dining spaces and work-from-home facilities.

[smartcode_project:default project_id=134323 project_image_fid=6402]

The project marks ALAND's first major luxury apartment development in Sydney's inner-city market after more than two decades delivering residential communities across Greater Sydney.

Founder and CEO Andrew Hrsto previously said the rarity of the Walker Street site made it an opportunity the company could not overlook.

"This is a rare opportunity to bring a truly exceptional project to life in one of Sydney's most iconic locations, and to showcase our craftsmanship and design expertise at a world-class level," Hrsto said.

[smartcode_project:default project_id=134323 project_image_fid=6383]

The Walden has been introduced to the market at a time when demand for living in North Sydney is at an all-time high. Billions of dollars have been invested in infrastructure, including the recently opened Victoria Cross Metro station, located just 300 metres from The Walden, providing residents with direct access to the Sydney CBD in just minutes.

Private investment has also transformed the area through the arrival of new retail and dining destinations, elevating the lifestyle offering in what was once considered primarily a commercial precinct rather than an aspirational residential address.

The Walden is currently under construction and is scheduled for completion in 2028.

[smartcode_project_cta:default project_id=134323]

ALAND records $35 million in sales in North Sydney as The Walden bucks quiet winter selling season

The long-awaited redevelopment of the former Eastlakes Shopping Centre site has reached a major milestone, with Conquest's plans for a new mixed-use precinct officially placed on public exhibition.

The State Significant Development Application would transform the 1.7-hectare site at <a href="https://www.apartments.com.au/new-apartments/19a-evans-avenue-eastlakes-nsw-2018">19A Evans Avenue</a> into one of Sydney's largest urban renewal projects, delivering 736 apartments above a new shopping centre anchored by Woolworths, alongside specialty retail, dining, commercial space and new public open spaces.

The public exhibition marks the next chapter for the project after <a href="https://www.apartments.com.au/developers/conquest">Conquest</a> acquired the stalled Stage Two development from Crown Group, who completed the first stage across the road prior to their voluntary liquidation.

<img alt="First look: Conquest unveils plans for 736-home Eastlakes Shopping Centre redevelopment" data-entity-type="file" data-entity-uuid="5fca22c5-d1ed-4e2c-8801-03f7df1eafc8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/eastland%20podium.png?VersionId=uomwr41nF8CmLUZRDcu3mHQechlbxucS" />

&nbsp;

Designed by DKO Architecture, the proposal comprises four residential buildings ranging from 14 to 18 storeys above a two-level retail podium. The development would deliver 736 apartments, including 74 affordable homes, 215 Build-to-Rent apartments and 521 market residences. Provision has also been made for dual-key apartments, which could increase the total number of dwellings to 877.

At ground level, the shopping centre has been designed as the suburb's new meeting place, anchored by a full-line Woolworths and complemented by a curated mix of fresh food retailers, cafés, restaurants, health services and everyday convenience shopping. Generous pedestrian links and landscaped public spaces will connect the retail precinct through to Jack Mundey Reserve, creating a more walkable and connected neighbourhood.

Conquest CEO Michael Akkawi said the redevelopment was about far more than replacing a shopping centre.

"Eastlakes has been overlooked for too long, and this is the community’s moment. We are building a shopping centre and homes, a genuine heart for the suburb, and we genuinely want locals to help shape it."

"We enrich communities through the creation of homes, places, and experiences designed for life, built to last, and owner for generations. That starts with listening, so we warmly encourage everyone with a connection to Eastlakes to view the plans and share their thoughts."

<img alt="First look: Conquest unveils plans for 736-home Eastlakes Shopping Centre redevelopment" data-entity-type="file" data-entity-uuid="22f6fb20-54fb-4bd7-8a92-48fafdd00608" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/eastland.png?VersionId=cugp7s9hrMHGJJdYzkeAkrFoQgnF4GXf" />

DKO said the design had been shaped by the site's landscape setting and surrounding open space.

"Our vision for the site embraces its unique Bidjigal identity by blending the residential living with generous landscaping and a material palette inspired by the Bidjigal locality, and celebrating the panoramic views to Botany Bay and the wetlands reserves."

"Taking cues from Country, we seek to harmonise built form with the landscape and lightly touch the earth. By reconnecting, retaining and regenerating existing ecology, and weaving in natural elements, we can deepen our connection to Country."

The landscape strategy extends across the podium and rooftops, incorporating communal gardens, children's play areas, lawns, community gardens, family gathering spaces and extensive tree planting. New landscaped links will also strengthen the connection between the precinct and Jack Mundey Reserve, while publicly accessible open spaces have been integrated throughout the development.

The proposal builds on Conquest's broader placemaking strategy for the site. Through an ongoing partnership, local artist Joe Rashbrook has been appointed Urban Art Curator, working alongside young residents to transform the project's site hoardings into a public art gallery that allows the community to engage with the redevelopment before construction is complete.

Conquest has rapidly expanded its development pipeline since acquiring the Eastlakes site, with more than $6 billion worth of mixed-use projects now in planning across Sydney, including Stanmore, Castlecrag and Waterloo.

Conquest CEO Michael Akkawi said the redevelopment was about far more than replacing a shopping centre.

First look: ‘Far more than replacing a shopping centre’ as Conquest unveils 736-home Eastlakes redevelopment

Abadeen has lodged a State Significant Development Application (SSDA) for one of Mosman's largest apartment developments in recent years, seeking approval to transform the former Honeysuckle Garden and Midas site on Military Road into a 100-apartment mixed-use development.

The SSDA, lodged with investment partner Phoenix Property Investors, proposes around $230 million worth of new housing on the prominent <a href="https://www.apartments.com.au/new-apartments/494-516-military-road-mosman-nsw-2088">494-516 Military Road</a> site.

The proposal comes as Mosman Council continues to progress its recently endorsed Masterplan, which identifies the precinct for increased housing density while maintaining the suburb's established character.

Designed by DKO Architecture, the development would comprise 100 apartments above ground-floor retail, with a rooftop wellness precinct including a gym, sauna, entertaining areas and landscaped communal spaces.

Rather than pushing to the full 12-storey height identified in Council's Masterplan, the proposal ranges between five and nine storeys, stepping down towards Hale Road. A tenth level would accommodate resident amenities rather than additional apartments.

The project has been designed to appeal to a broad range of buyers, from first home buyers and young professionals through to families and local downsizers looking to remain on the Lower North Shore.

<img alt="Mosman" data-entity-type="file" data-entity-uuid="5dada03f-5b4c-43ba-ba62-2868add31440" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-27%20at%209.57.55%E2%80%AFAM.png?VersionId=7LBy0B.Jo8_iWAFJsClcV7Q3UnXrv49r" />

Abadeen Executive Chairman Justin Brown said the apartments had been designed as genuine long-term homes rather than investor-focused stock.

"The apartments have been designed as genuine long-term homes, with efficient floorplans that maximise usable living areas, generous storage, natural light and strong connections between indoor and outdoor spaces," Brown says."

"We've focused on creating homes for a broad range of buyers, from first home buyers and growing families through to downsizers who want to remain in Mosman."

The rooftop wellness offering forms a key part of the proposal, with residents set to have access to a gym, sauna, outdoor entertaining spaces, communal dining areas, landscaped gardens and a multi-use recreation court overlooking Sydney Harbour.

<img alt="Mosman" data-entity-type="file" data-entity-uuid="d37c2d6b-583a-4a0f-b7a9-9f46b893d2f4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-27%20at%209.58.06%E2%80%AFAM.png?VersionId=FPoa5FCm2RtzjhAh2w5FTWJbV6GHfY8D" />

DKO drew heavily on the site's natural and cultural history, undertaking a Connecting with Country process with local Aboriginal Elders to inform the architectural and landscape design.

Senior Associate Matthew Ritchard said the design sought to create a building that responded to both the site's landscape and its cultural significance.

"The architectural language of the project is a deep expression of Connecting with Country, where the materiality and colour palette serve as a bridge between the site's geological history and its future as a residential sanctuary."

The proposal also retains the site's established blue gum tree as the centrepiece of the communal landscaped gardens, while introducing activated retail fronting Military Road to strengthen the connection between Mosman and Cremorne villages.

If approved, the project would deliver 100 new homes within walking distance of shops, public transport, schools and local amenities, adding to the limited pipeline of new apartments on the Lower North Shore.

<h2>Project Snapshot</h2>

Project: Honeysuckle Garden Redevelopment

Address: 494-516 Military Road, Mosman

Developer: Abadeen and Phoenix Property Investors

Architect: DKO Architecture

Lead Architect: Matthew Ritchard

Value: $230 million

Residences: 100 apartments

Key features:

<ul>
	<li>
	Ground-floor retail
	</li>
	<li>
	Rooftop wellness precinct
	</li>
	<li>
	Gym and sauna
	</li>
	<li>
	Outdoor entertaining and BBQ areas
	</li>
	<li>
	Landscaped communal gardens
	</li>
	<li>
	Multi-use recreation court
	</li>
	<li>
	Retained mature blue gum tree
	</li>
	<li>
	Connecting with Country design process
	</li>
	<li>
	Harbour, CBD and Balmoral views from upper-level apartments
	</li>
</ul>

Abadeen Executive Chairman Justin Brown said the apartments had been designed as genuine long-term homes rather than investor-focused stock

First look: Abadeen plans 100 apartments on former Honeysuckle Garden site in Mosman

Surrey Hills

Luxe is a new residential offering in Melbourne’s Surrey Hills, boasting an exclusive collection of 25 residences.

Developed by the Continental Group, the two and three-bedroom offerings feature an impressive catalogue of quality inclusions on Middlesex Road.

[smartcode_project:default project_id=5814 project_image_fid=175473]

Thoughtfully designed by Sgourakis Architects, Luxe features spacious floorplans with a clever orientation that caters to the discerning owner-occupier.

Residents can be reassured by the inclusion of premium Miele kitchen appliances, reconstituted stone benchtops and carefully-selected engineered European oak floors.

[smartcode_project:default project_id=5814 project_image_fid=175464]

The development also includes remote control access to your own basement parking spot and video security.

Surrey Hills is one of the most sought-after locations of the leafy eastern suburbs of Melbourne.

[smartcode_project:default project_id=5814 project_image_fid=175466]

Its peaceful residential streets lined are lined with ornamental pin oaks and plane trees and dotted with a diverse range of cafés and boutique retail stores.

Luxe is located a short three-minute walk from Chatham station, and six minutes from Maling Road.

A selection of preschools, primary and secondary schools, and Swinburne University are easily accessible.

[smartcode_project_cta: project_id=5814]

Luxe is a new residential offering in Melbourne’s Surrey Hills, boasting an exclusive collection of 25 residences. 

max.kwok_55688

Surrey Hills set for new contemporary apartment development, Luxe

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A dainty five-bedroom, three-bathroom Surrey Hills hpouse, just off tree-lined, sold recently at auction.
The Wells Street property, with weatherboard facade, was sold by Woodards estate agents Maria Xu and Richard Kurz for $2.95 million. 
The 780 sqm home with architecturally designed renovations and extensions, features landscaped gardens at the front.
Insidxe there's wide Woodcut engineered flooring and grand entry hall with a clay beaded chandelier. 
The split level home has a front formal lounge with colonial windows which can be used as a sitting room, a kids' play area, or even a fifth bedroom. 
The central living zone with northern orientation spills into the family room that has a gas stone fireplace, and dining zone with four-metre hight ceilings. 
The kitchen is the centrepiece of the home which is fitted with Calacatta Ors porcelain bench tops, Franke dual sink, and premium stainless steel appliances including double AEG ovens and an Asko dishwasher. 
The master ensuite bedroom is situated on the top floor and has a dressing room and private balcony. Meanwhile, the spacious guest bedroom is on the lower level with easy access to a sleek bathroom. The other two bedrooms come with built-in robes, double vanity central bathroom which has floor-to-ceiling tiling, a freestanding bath, standout laundry with a drying room, ducted heating, refrigerated cooling, plush carpet and Calacatta marble.
There are three dedicated outdoor areas including a large garden at the rear with grass space and bluestone paving, an entertaining area accessed via stacker doors from the living zone, and the sizeable front porch and garden.
The property was last sold in 2016 for $1,850,000, and first bought in 1979 for £37,000. 
The most recent five-bedroom house sold on Queen Street was for $3,720,000 in November 2019. 
 
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j.ballantyne1990-6AQqhLzZaK

Dainty Victorian family home in Surrey Hills sold

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The 410 sqm Surrey Hills block, occupied by a scout hall, failed to raise any interest at its weekend auction.
<a href="https://fletchers.net.au/24154/7-robinson-road-surrey-hills" target="_blank">The 7 Robinson Road holding</a> has been listed now at $1.38 million.
It had been listed by David Taylor and John Taylor from Fletchers Canterbury with a price guide of $1.3 million to $1.4 million. 
Scouts Victoria bought the property in 1955 and built the hall. 
The wide frontage block at 7 Robinson Road offers the potential to create a low maintenance home on its own title. 
<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/2019/6/13/scout%20hall%202.jpg" alt="">
Situated between Chatham and Surrey Hills Stations, it's within walking distance to Surrey Hills Village shops, supermarket, cafes plus nearby Canterbury Sports Ground and Chatham Primary School. 
 
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1st Boroondara Scout Hall, Surrey Hills fails to sell

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A 410 square metre Surrey Hills block, occupied by a scout hall, will go under the hammer on June 22.
It has been listed by David Taylor and John Taylor from Fletchers Canterbury with a price guide of $1.3 million to $1.4 million. 
The wide frontage block at 7 Robinson Road offers the potential to create a low maintenance home on its own title. 
<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/2019/6/13/scout%20hall%202.jpg" alt="">
Situated between Chatham and Surrey Hills Stations, it's within walking distance to Surrey Hills Village shops, supermarket, cafes plus nearby Canterbury Sports Ground and Chatham Primary School. 
Scouts Victoria bought the property in 1955 and built the hall. 
<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/2019/6/13/scout%20hall%203.jpg" alt="">
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Surrey Hills scout hall to go under the hammer

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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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A freehold property which in Surrey Hills in Melbourne's east is being marketed towards investors and owner-occupiers.
It has been the home to a GP for over 40 years. The current rental is $50,000 per annum on a monthly term.
The 180 sqm, two storey property at <a href="https://www.realcommercial.com.au/property-retail-vic-surrey+hills-502774046" target="_blank">922 Riversdale Road</a> last traded for $60,000 in 1980.
It sits on a 252 sqm site zoned commercial 1.
Teksa Carson agents Fergus Evans and Michael Ludski are marketing the property for a May 23 auction.
Evans says the property is being offered an excellent investment or owner occupier opportunity in a tightly held precinct featuring a wide range of commercial office buildings, retail boutiques and restaurants.
"The property would suit a range of buyers and uses under the Commercial 1 zoning, including prior use rights, with excellent potential for capital growth in a prime location in one of Melbourne’s most popular and tightly held retail precinct."
"The property benefits from ample amenity in the immediate vicinity and outstanding educational institutions nearby, as well as access to major arterial routes including Riversdale Road and Warrigal Road,’’ Mr Evans said.
Ludski said he expected a high level of enquiry given recent strong interest in similar properties in the inner east.
"Well located properties in the inner east are very much in demand from small investors and owner-occupiers looking for strong market fundamentals,’’ Mr Ludski said.
He said the property’s close proximity to the CBD, freeways and public transport were additional attributes that would prove advantageous to any purchaser.
 
 
 
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jrobinson-rf4aSBido9

Surrey Hills freehold property for sale

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Teska Carson is marketing a securely leased dental surgery investment at Surrey Hills in Melbourne’s eastern suburbs.
The property will be auctioned on March 29 with expectations it will fetch more than $1.2 million.
The suite 2, 109 Union Road (corner of Windsor Crescent) property comprises a 187 square metre premises.
Zoned Commercial 2, it comes with six car spaces including three underground.
The property is located directly opposite Surrey Hills Railway Station in a modern commercial complex, within the sought after and well-established Surrey Hills shopping village.
Teska Carson’s Tom Maule and Mathew Feld have the listing.
The surgery consists of a spacious reception/waiting room, two surgeries, a sterilisation area.
Two offices, a large storage area, lab area and kitchen/staffroom breakout area are also featured in the property.
The property is currently leased to a longstanding tenant on a five year term with a five year option at $76,784 per annum.
Mr Maule said the property represented an outstanding medical investment in a tightly held location which would continue to see strong capital growth.
"This exceptional investment is positioned in the heart of this inner-eastern, blue chip, location just metres from public transport and within the popular Surrey Hills retail precinct.
It will attract quite a deal of interest based on the location, the secure lease to a well-established, long standing tenant, and the strong potential for capital growth in a much sought after and highly regarded suburb,’’ Mr Maule said.
Mr Feld said the property was an ideal investment for the passive investor looking for an opportunity to add a retail asset to their portfolio.
"Surrey Hills lies within Melbourne’s demographic centre, an area which continues to attract strong residential growth which in turn drives retail and commercial returns.
"The precinct has an excellent tenancy history with little to no vacancy and that is a reflection of the strong demand from the surrounding residential catchment,’’ Mr Feld said.
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Dental surgery investment at Surrey Hills

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Melbourne's five bedroom trophy home Zermatt, in Surrey Hills, has sold for $5,655,000 at private auction.
The home, 16 Tower St Surrey Hills, was built in 1914 and features northern views to the ranges, a resort-style tennis court and pool over 1515sqm.
It also features two study areas, a games room with cathedral ceilings, butler's pantry and rooftop terrace.
It sold through Kay &amp; Burton's Judy Balloch and Scott Patterson.
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Surrey Hills, Melbourne trophy home Zermatt sold

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A securely leased retail property in Melbourne’s Surrey Hills was recently snapped up by a local investor on a tight yield of 4.16 percent. 
The 540 Whitehorse Road property comprises a 210 square metre building over two levels on a 217 square metre site. 
Located within a well-established retail strip, which includes a number of restaurants and cafes, the property sold $300,000 above expectations. The transaction price wasn’t disclosed.
The property was sold subject to a five-year lease with a five-year option to long-standing tenant, Triple King Chinese Restaurant, at $62,400 per annum.
The selling agents were Teska Carson’s Anthony Choi and Michael Taylor.
According to the agents, the expressions of interest campaign attracted strong interest from both local and offshore investors. 
“This was clearly an attractive property which ultimately sold at a 30 per cent premium over the last comparable transaction in the vicinity - a great result for the vendor and a great result for property values in the area,” said Choi.
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Shop leased to Chinese food outlet in Melbourne's Surrey Hills sells on tight yield

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A 19th century building in Melbourne’s Surry Hills has two new corporate tenants.
The corner building at 613 Canterbury Road, Surrey Hills (above) will house Melbourne start-up and financial services provider Selfwealth, and 51 Pay.
Selfwealth will occupy 330 square metres on level 1, while 51 Pay will move into level 2, also 330 sqm. 
Both have rented the spaces at $250 per sqm with $50 per sqm on outgoings. Car spaces are leased at $120 per space per month.
Fitzroys agents Martin Huang and Michael Ryan negotiated the deals in the three-level building.
The building was constructed in 1888 as the Surrey Family Hotel, “Surrey Lodge”, and was closed by a poll in 1920. It was renovated in 1939 and made into shops and a guest house, which was followed by another makeover in the 1990s.
 
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