A landmark former orphanage site in Surrey Hills could be transformed into a new residential community under plans lodged by <a href="https://www.apartments.com.au/developers/antipodean-land-developments">Antipodean Land Developments</a> that would deliver 76 apartments and townhouses while restoring some of the suburb's most significant heritage buildings.

The burgeoninng Melbourne-based developer has submitted plans for the 9,158 sqm site at 1 Kent Road and 24 Durham Road, home to the former St Joseph's Home for Destitute Children, a historic institutional complex dating back to the late 19th century. The proposal seeks to adaptively reuse several heritage buildings while introducing two new four-storey residential buildings set within extensive landscaped grounds.

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> and Kerstin Thompson Architects, the project has been conceived as a contemporary residential village embedded within a restored heritage precinct. The development team describes the design approach as "The Village in the Garden," with new buildings positioned among mature landscaping by OCULUS and significant heritage structures.

<img alt="First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills" data-entity-type="file" data-entity-uuid="44ec8c1b-c0b6-44ae-859e-5811b3e6a023" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Untitled%20design%20%281%29.png?VersionId=p.p1_KFh4iQoV4nisdnPfQBAsWNi7m79" />

The proposal would deliver 76 dwellings comprising a mix of apartments and duplex-style residences, significantly increasing housing supply on one of the largest privately held residential landholdings in Surrey Hills. The development includes 127 car spaces, 24 bicycle spaces and more than 1,000 sqm of communal amenity, with the existing chapel building earmarked for conversion into resident facilities.

According to the planning submission, the project centres on the restoration and adaptive reuse of the site's most significant heritage assets, including the original c.1889 St Joseph's building, the chapel designed by architect Augustus Andrew Fritsch, and the historic brick perimeter walls and entry gates. The proposal also incorporates the retention of other contributory buildings including the former infirmary and school building.

Tract Consultants, in the planning report accompanying the application, said the scheme had been shaped through extensive heritage analysis and design development.

"The shared vision for the Site by the project team has culminated in a scheme which successfully breathes life back into a historic site while delivering upon the objectives of Victoria's Housing Statement in a carefully curated and contextually responsive manner."

<img alt="First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills" data-entity-type="file" data-entity-uuid="7263b7d8-95ea-400f-9531-6ca7d22c3c33" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Untitled%20design%20%282%29.png?VersionId=4cR1tiWOsDpgxEOwZi5vVFcyvvOsYkIE" />

The proposal is being assessed under Victoria's Significant Residential Development with Affordable Housing pathway. As part of the application, three per cent of the project's residential development cost would be contributed to the Social Housing Growth Fund. The development would also provide a diverse mix of one, two and three-bedroom residences targeting a broader range of buyers than typically found in Surrey Hills' detached housing market.

Sustainability initiatives include an anticipated 66 per cent BESS score, natural cross-ventilation to 80 per cent of apartments, 28 per cent deep soil landscaping and a canopy cover outcome exceeding local planning requirements. The proposal also sets aside more than 1,083 sqm for communal indoor and outdoor resident amenity spaces.

<img alt="First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills" data-entity-type="file" data-entity-uuid="33fad46f-fe26-4d0a-acfd-6b776e1c6a3d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Untitled%20design.png?VersionId=D9F6WVSyYCtGvSUmith35LRp6R7PQkw_" />

Planning documents describe the property as one of the largest underutilised residential sites in Surrey Hills, arguing it presents a rare opportunity to introduce "missing middle" housing in an established inner-eastern suburb while preserving and revitalising a significant heritage precinct.

Antipodean Land Developments has built a reputation for design-focused residential projects across Melbourne, particularly in the medium-density sector. Previous developments include Neighbourhood in Brunswick East, delivered with Breathe Architecture, and Balfe Park Lane, designed by Kerstin Thompson Architects.

They've been very active in site acquisition as they build out their future development pipeline. They recently launched Thornubury House, 45 apartments above a mix of commercial, retail, and food and beverage tenancies, and have plans for a boutique project in Fitzroy and another <a href="https://www.apartments.com.au/news/vic/antipodean-plan-apartments-for-deepdenes-missing-middle-on-whitehorse-road">"missing middle" project</a> on Deepdene's Whitehorse Road.

Joel Robinson

First look: Antipodean Land Developments plans heritage-led apartment community in Surrey Hills

Developer <a href="https://www.apartments.com.au/developers/auyin-property-development">Auyin</a> is the latest to turn to the Victorian Government's Development Facilitation Program in an effort to secure approval for its long-planned, mixed-use project in Elsternwick.

In 2018, Auyin lodged plans with Glen Eira City Council for a 14-storey building, however Council approved a reduced eight-storey scheme. A subsequent VCAT appeal in 2019 upheld the eight-storey height limit.

The project was later amended to nine storeys, but Auyin is now seeking to revive something closer to its original vision. The developer argues that the planning context has evolved significantly over the past decade, particularly within the Elsternwick Activity Centre, where higher-density development has increasingly been encouraged along Glen Huntly Road.

The proposal would transform the 1,239 sqm site at <a href="https://www.apartments.com.au/new-apartments/7-12-horne-street-elsternwick-vic-3185">7-15 Horne Street</a>, opposite Elsternwick Railway Station, into a 13-storey residential and retail development designed by CBG Architects, with 40 apartments

The site currently comprises three commercial properties.

<img alt="First look: 13-storey mixed-use tower planned for Elsternwick activity centre" data-entity-type="file" data-entity-uuid="5f465dd4-509b-4082-a669-0253b313914b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/elsternwick%20podium.png?VersionId=72frWi0SmQ5AVJ3ARRhX5ILUYObhTm7x" />

The proposed apartment mix comprises 25 two-bedroom and 15 three-bedroom residences above 200 sqm of retail space at ground level. Residents would have access to a 90 sqm wellness facility, a 351 sqm communal indoor and outdoor terrace on the third level, and extensive landscaped areas throughout the development. A publicly accessible 135 sqm plaza would be created on the north-east corner of the site, providing seating, landscaping, and a new gathering space adjoining Horne Street.

The design adopts a four-storey podium that references the finer-grain character of the surrounding streetscape, with the upper tower recessed behind generous setbacks on all boundaries.

<img alt="First look: 13-storey mixed-use tower planned for Elsternwick activity centre" data-entity-type="file" data-entity-uuid="e637e763-2abc-4c34-a0aa-5c7ad36fae18" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/elsternwick%20open.png?VersionId=J1AoOpZgTyaF.KeeFSX6lMjEScX8KKRi" />

A key element of the proposal is the reconfiguration and widening of the surrounding laneways. Vehicle access would be retained from Lois Lane, with upgraded pedestrian connections linking Ross Street and Horne Street. The development would provide 58 residential car spaces, two retail car spaces, and 52 bicycle spaces across two basement levels and ground-floor facilities.

Architecturally, the building draws inspiration from the established character of Elsternwick Village. The façade combines dark charcoal brickwork, textured concrete, bronze-toned metal detailing, and extensive planting integrated into podium and tower levels. The design also incorporates a chamfered corner treatment and publicly accessible plaza intended to strengthen pedestrian activity around the station precinct.

Elsternwick's last new development completion was&nbsp;EVA Elsternwick by Pitard late last year. <a href="https://www.apartments.com.au/developers/milieu-property">Milieu</a> is working away on its nature-led neighbourhood, <a href="https://www.apartments.com.au/new-apartments/elsternwick-gardens-by-milieu-8-gordon-street-elsternwick-vic-3185">Elsternwick Gardens</a>, on Gordon Street, with its first stage expected to complete next year.

First look: Auyin seeks mixed-use apartment project in growing Elsternwick Activity Centre

<a href="https://www.apartments.com.au/new-apartments/otium-parkdale-123-125-como-parade-east-parkdale-vic-3195">Otium Parkdale</a>, the 13-residence boutique development by&nbsp;<a href="https://www.apartments.com.au/developers/huxtable-property">Huxtable Property</a>, has entered its final stages of delivery, with completion expected within the coming month and more than half of the residences sold.

The Como Parade East project is nearing the finish line at a time when opportunities to purchase new apartments in <a href="https://www.apartments.com.au/developments/parkdale-vic-3195">Parkdale</a> remain exceptionally limited. Fewer than 10 per cent of dwellings in the bayside suburb are apartments, making developments like Otium a relatively rare addition to a market traditionally dominated by detached housing.

[smartcode_project:default project_id=134974 project_image_fid=5427]

The three-level development comprises 13 residences, including ten two-bedroom apartments and three larger three-bedroom homes, all positioned above a secure basement car park.

Designed by <a href="https://www.apartments.com.au/architects/almeida-architects">Almeida Architects</a> with a strong connection to its coastal surroundings, Otium combines red brick, exposed concrete and dark metal detailing with integrated landscaping and greenery. Expansive glazing, generous balconies and terraces have been incorporated throughout the design to maximise natural light and reinforce indoor-outdoor living.

Inside, the residences feature engineered European oak flooring, natural and reconstituted stone benchtops, Bosch kitchen appliances, ducted heating and cooling, lift access and secure entry systems. The larger three-bedroom residences on the upper level have been designed with house-like proportions, while the two-bedroom apartments prioritise functionality, flexibility and low-maintenance living.

[smartcode_project:default project_id=134974 project_image_fid=5421]

The project is now in its final stages, with <a href="https://www.apartments.com.au/builders/labco">Labco</a> completing the remaining landscaping and external finishing works following the completion of the residences' interiors.

Otium's location within the heart of Parkdale continues to underpin its appeal. Residents will be just steps from local cafés, restaurants, shops and the newly elevated Parkdale Station, while the beach is less than a kilometre away.

With the project tracking ahead of schedule, buyers can currently secure a residence with a five per cent deposit and benefit from settlement terms of up to eight months. The advanced stage of construction also provides buyers with the opportunity to walk through the near-complete residences and experience the quality and finishes firsthand ahead of completion.

[smartcode_project_cta:default project_id=134974]

Otium Parkdale enters final month before completion as rare apartment opportunity nears sellout

A new boutique apartment development is entering the market in <a href="https://www.apartments.com.au/developments/chermside-qld-4032">Chermside</a>, with Brisbane-based developer <a href="https://www.apartments.com.au/developers/ausdev">Ausdev</a> bringing 33 residences to a well-connected pocket of Brisbane's north.

<a href="https://www.apartments.com.au/new-apartments/parkdrive-apartments-chermside-25-sammells-drive-chermside-qld-4032">Parkdrive Apartments</a>, at 25 Sammells Drive, will comprise a mix of one- and two-bedroom residences positioned within walking distance of Westfield Chermside, The Prince Charles Hospital, and Bradbury Park.

Established in 1989, Ausdev has a long-standing presence across both development and construction, with Parkdrive Apartments representing its latest residential project in Brisbane's northern suburbs.

[smartcode_project:default project_id=152125 project_image_fid=363778]

The development has been designed around open-plan living and natural light, with residences featuring stone benchtops, timber cabinetry, BOSCH appliances, and private balconies that extend the living areas outdoors.

Kitchens are positioned as the centrepiece of the homes, incorporating natural material palettes and integrated appliances, while bathrooms have been designed with a focus on functionality and understated finishes.

Residents will have access to a communal barbecue and entertaining area on Level 3, providing shared outdoor space within the development. Secure parking and lift access are also incorporated into the building.

The project will deliver a limited collection of 33 apartments, with one-bedroom residences priced from $749,000.

[smartcode_project:default project_id=152125 project_image_fid=363782]

Beyond the building itself, the location places residents within easy reach of several of Chermside's key amenities. Bradbury Park is around 350 metres away, while Westfield Chermside is approximately 1.3 kilometres from the site. The Prince Charles Hospital is located within 750 metres, and the Chermside Bus Interchange is around 1.5 kilometres away, providing connections across Brisbane.

Parkdrive Apartments adds to the growing residential pipeline in Chermside, a suburb that continues to evolve as a major retail, healthcare, and transport hub for Brisbane's north.

[smartcode_project_cta:default project_id=152125]

Ausdev introduces boutique Parkdrive Apartments to Chermside's growing centre

<a href="https://www.apartments.com.au/developers/skymark-group">Skymark</a>'s boutique Cronulla development Solis has secured a 10-year Latent Defects Insurance policy through Resilience Insurance, providing buyers of the 16-residence building on Ewos Parade with structural and waterproofing protection that extends a decade beyond the building's completion.

Currently under construction and due for completion in late 2027, <a href="https://www.apartments.com.au/new-apartments/solis-cronulla-8-ewos-parade-cronulla-nsw-2230">Solis</a> is one of a small number of new developments in the Sutherland Shire to carry Resilience LDI coverage, a distinction that carries increasing weight as buyer confidence in the off-the-plan sector continues to be shaped by how developers stand behind their product.

Latent Defects Insurance, which entered the Australian market in 2022 when Resilience Insurance was approved to offer the cover, protects buyers against major structural or waterproofing defects for ten years post-completion. Unlike traditional statutory warranties, it operates as a first-resort policy, if a covered defect arises, the insurer responds directly, without the buyer needing to pursue the builder or developer through a lengthy claims process.

Resilience Insurance CEO Corey Nugent has noted that the product addresses something fundamental to the new apartment market.

"The overarching feedback from prospective buyers in the new development space is that they want more confidence and assurances around the quality of the build," Nugent says.

"Resilience Insurance Latent Defects Insurance not only gives them complete peace of mind for 10 years, but it shows the developer they are buying from is standing by their product."

[smartcode_project:default project_id=150499 project_image_fid=370898]

For Solis, the Resilience LDI policy adds a meaningful layer of accountability to an already considered project. The development comprises nine two-bedroom and seven three-bedroom residences, including one dual-level three-bedroom apartment, across a five-storey building on Ewos Parade, positioned between Shelly Beach and South Cronulla.

Garden apartments connect directly to private landscaped courtyards, while upper-level homes capture beach views to the east from level four and above.&nbsp;

All 16 residences include at least one balcony or courtyard, and select apartments on the upper floors feature bar areas and secondary flexible living spaces.

Hiba Sander, Managing Director of Skymark, says Solis offers a rare balance, nestled between the quiet beauty of secluded beaches and the lively charm of South Cronulla's esplanade.

"It's a place to choose your pace and live gracefully, seaside'," Sander says.

[smartcode_project:default project_id=150499 project_image_fid=370900]

The architecture, designed by <a href="https://www.apartments.com.au/architects/ida-design-group">IDA Design Group</a>'s Michael Trinh, draws from the natural erosion patterns of <a href="https://www.apartments.com.au/developments/cronulla-nsw-2230">Cronulla</a>'s sandstone headlands, translating the organic forms of the coastline into soft curves, pavilion-style massing, and a material palette chosen for longevity in a salt-tinged environment.&nbsp;

Textured natural stone, soft renders, and timber-look battens reference the tones of the surrounding cliffs, while the building has been oriented to maximise natural light and passive ventilation, with primary living spaces facing north and east to capture morning sun and sea breezes.

"At Solis, our aim was to create architecture that feels quietly confident, grounded in natural materials like stone and timber, and elevated by light and landscape," Trinh says.&nbsp;

"The buildings are designed to sit gently within their coastal surrounds, with expansive glazing and abundant greenery creating a seamless dialogue between inside and out."

[smartcode_project:default project_id=150499 project_image_fid=370897]

Interiors by <a href="https://www.apartments.com.au/architects/hot-black">Hot Black</a> carry the same material language through to every room. Kitchens feature integrated Gaggenau appliances, sculpted stone benchtops, and Lo &amp; Co joinery, while bathrooms feature natural stone, timber, and brushed metal finishes.&nbsp;

Hot Black Founder and Design Director Sophie Safrin describes the intent as one of considered restraint: "At Solis, every detail has been thoughtfully considered to create a timeless coastal retreat, calm, refined, and effortlessly liveable. From natural finishes to seamless indoor-outdoor flow, Solis offers a quiet elegance that's deeply connected to its surroundings.

The landscape, designed by Julian Brady of <a href="https://www.apartments.com.au/landscape-architect/sitedesignstudios">Site Design Studios</a>, treats green space as an integral part of the resident experience rather than an afterthought.&nbsp;

"Gentle curves and layered native plantings mirror the ebb and flow of the ocean," Julian Brady says, "creating a serene connection between architecture and place."&nbsp;

Coco Republic has provided bespoke furniture packages tailored to the project's coastal palette.

[smartcode_project:default project_id=150499 project_image_fid=370899]

Skymark has an established track record in the Sutherland Shire, with a portfolio spanning Cronulla, Woolooware and Burraneer that includes Isla, Sylva, Bask, Shells, Sula and Mist. Securing LDI on Solis reflects a broader shift in how the developer is positioning its buildings to buyers, at a time when Resilience Insurance expects the policy to become mandatory in New South Wales by 2028.

Sales at Solis are launching soon through Ray White Projects, with an official event scheduled for 11 June. Enquire for more information.

[smartcode_project_cta:default project_id=150499]

Skymark takes out 10-year Resilience Insurance LDI at Solis Cronulla

West Melbourne

When&nbsp;you have the option of buying a dated one-bedroom unit with no outlook for&nbsp;circa $600,000, or a brand new apartment with views spanning the CBD, resort-style amenities&nbsp;and a 7-day concierge service for as little as $479,000 – it can be a&nbsp;good idea to&nbsp;weigh up your options, as apartment living can come with many benefits.&nbsp;

A great example of an affordable brand-new apartment building with the added bonus of on-site&nbsp;amenities, is Central Equity's latest development, Parkhill Apartments. The project is selling now at a very competitive pricepoint compared to properties&nbsp;akin to Parkhill in the West Melbourne area. And if that's not enticing enough, for a limited time, owner-occupier buyers can save up to&nbsp;$73,000 thanks to the HomeBuilder Grant, stamp duty savings and developer incentives. All you have to do is check you meet the eligibility criteria.

[smartcode_project:default project_id=27406]

Let's take a look at some of the amenities available to residents at Parkhill:

1. Opulent&nbsp;lobby with a 7-day concierge service and 24/7 video security

2. Tranquil, landscaped rooftop garden with dedicated seating areas and mature planting

<a href="/buildings/parkhill-apartments-west-melbourne-408-spencer-street-west-melbourne"><img alt="" data-entity-type="" data-entity-uuid="" height="1331" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/parkhill-apartments-408-spencer-street-west-melbourne-01a89cf09633c53bf8f950ea26d51dcd.jpg" width="2000" /></a>

3. Barbeque facilities perfect for hosting friends and family for an alfresco meal

4. Rooftop gymnasium with views of&nbsp;Melbourne's skyline&nbsp;– exercise while enjoying the panoramic city vistas

<a href="/buildings/parkhill-apartments-west-melbourne-408-spencer-street-west-melbourne"><img alt="" data-entity-type="" data-entity-uuid="" height="1331" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/parkhill-apartments-408-spencer-street-west-melbourne-7f0b0e94fd5a91a245f4570f7748c613.jpg" width="2000" /></a>

5. Two levels of secure garage basement parking&nbsp;with plenty of bicycle storage

One and two-bedroom apartments are selling now at Parkhill, all of which feature exquisite&nbsp;2.7 metre high ceilings,&nbsp;Miele appliances, private balconies&nbsp;and double glazed windows. To secure your new home today, request a call from a Central Equity sales consultant via Urban.&nbsp;

Olivia Round

From a 7-day concierge service to a rooftop gym - here's what Parkhill Apartments have to offer residents

Volaire is West Melbourne’s newest luxury development, offering a collection of 152 one and two-bedroom apartments,

Urban has taken&nbsp;a look at eight reasons why you should buy an apartment in the Dryburgh Street project. 
&nbsp;

1. Cbus Property is delivering&nbsp;the project

[smartcode_project:default project_id=2407]

One of Australia’s most recognisable property developers, Cbus Property has a history of delivering high-quality, luxurious urban developments.

With a portfolio exceeding $5 billion across investments and developments in the commercial, residential and retail sectors, Cbus has established themselves as a responsible and sustainable group. 
&nbsp;

2. Located in an undiscovered pocket of Melbourne

Formerly a rugged industrial area, Melbourne’s inner-northwest has emerged into a cultural precinct, conveniently located on the edge of the CBD.

Independent shops, cafés and restaurants pepper the nearby streets and the area’s distinctive character make Volaire the ideal home for first home buyers or investors. 
&nbsp;

3. Set your roots in a trendy neighbourhood

<a href="/buildings/volaire-9-dryburgh-street-west-melbourne"><img alt="" data-entity-type="" data-entity-uuid="" height="1697" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/volaire-9-dryburgh-street-west-melbourne-a2cfb08b77c5fac70bf4a2af5fe3ac95.jpg" width="3000" /></a>

With trendy coffee shops and wine bars nearby, Volaire caters to every Melbournians’ love for food, coffee and craft beer.

Located in close proximity to the University of Melbourne campus and amongst renovated warehouses and former factories, the local surrounds boast a university-town vibe. The suburb’s industrial atmosphere complements the sheer coolness of the surrounding shops and people. 
&nbsp;

4. Designed by award-winning architects

Designed by Hayball, an award winning Australasian architectural practice, Volaire offers smartly-designed one and two-bedroom apartments with neutral interior tones and light-filled living spaces.

The sleek and slender 10-storey mid-rise utilises space to provide residents with the ultimate in comfort and convenience. 
&nbsp;

5. Ground floor retail and a modern lobby

<a href="/buildings/volaire-9-dryburgh-street-west-melbourne"><img alt="" data-entity-type="" data-entity-uuid="" height="1545" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/volaire-9-dryburgh-street-west-melbourne-004a7eec0bdeec1c372e1de93085c30c.jpg" width="2872" /></a>

Located at 9 Dryburgh Street, Cbus Property’s development is set to sit atop ground-floor retail and café spaces.

At the northern building entrance, a landscaped courtyard provides an inviting entry to the triple-height, glazed lobby, conveying luxury to passers-by. &nbsp; 
&nbsp;

6. Generous private balconies

Delivering seamless integration of the indoor and outdoor areas of each residence, generous private balconies feature floor-to-ceiling sliding doors and offer views of the bay, city and distant-ranges.

<a href="/buildings/volaire-9-dryburgh-street-west-melbourne"><img alt="" data-entity-type="" data-entity-uuid="" height="1333" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/volaire-9-dryburgh-street-west-melbourne-c225a8d571460b0daf47a9c58e38cfce.jpg" width="2000" /></a>

The alfresco areas present residents with the “space to relax, unwind and savour the joy of just being at home”, according to the project’s marketing.

&nbsp;

7. A full-floor residents’ lounge

<a href="/buildings/volaire-9-dryburgh-street-west-melbourne"><img alt="" data-entity-type="" data-entity-uuid="" height="1518" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/volaire-9-dryburgh-street-west-melbourne-727a4a7b1e149bf99c0a9e5f3c80b787_0.jpg" width="3000" /></a>

Situated on the sixth floor and dubbed “Sky Podium”, a dramatic residents’ lounge provides indoor and outdoor community space to socialise with neighbours or relax in privacy.

A fully equipped alfresco barbecue and built-in dining space is included within the space, as well as landscaped garden beds, a sun-deck, intimate seating arrangements and green spaces.

&nbsp;

8. Its located on the doorstep of North Melbourne Station

This development stands out for its connectivity, located 100-metres from the entrance to the busy North Melbourne station and one stop from the state’s principal transport hub.

Located a 20-minute walk from the Melbourne CBD or Docklands, this well-connected development is bound to suit everyone.

Urban takes a look at eight reasons why you should buy an apartment in Cbus Property's Dryburgh Street project.

max.kwok_55688

Find out the #1 thing that first home buyers love about West Melbourne apartment development Volaire

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Owner-occupiers can stand to save up to $73,000 in the Parkhill apartment development in West Melbourne.

The project developer Central Equity are matching the VIC government's $15,000 HomeBuilder grant to save Parkhill buyers $30,000.

That, combined with the potential to save up to $43,000 in stamp duty for owner-occupiers, totals $73,000 of savings. 

[smartcode_project:default project_id=27406]

Investors will benefit from the $24,500 in stamp duty concessions, and Central Equity are offering a rental guarantee for investor purchasers.

One bedroom apartments in the block start from $479,000, or closer to $400,000 for owner-occupiers after the savings boost.

Two bedroom apartments start from $619,000, up to $819,000 when including an extra bathroom and a parking space.

<a href="/buildings/parkhill-apartments-west-melbourne-408-spencer-street-west-melbourne"><img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/parkhill_melbourne_render_2.jpg" width="1202"></a>

The apartments, many spanning more than 70 sqm, have been designed by Central Equity's inhouse design team. They all have up to 2.7 metre high ceilings, a gourmet kitchen with stone benchtops and Miele appliances and bathrooms with German tapware.

The development has a 6.5 star energy rating, with apartments fitted with double glazed windows.

Residents in the building will have access to a seven day concierge, a rooftop gym and a rooftop garden, complete with barbecues and outdoor seating.
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Owner-occupiers can stand to save up to $73,000 in the Parkhill apartment development in West Melbourne.

Buyers could save up to $73,000* on a brand new home at West Melbourne's Parkhill thanks to developer Central Equity matching the government grants

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Western Melbourne’s higher end property can be found right in the heart of its inner western suburbs such as Moonee Ponds, Essendon, Ascot Vale, Altona North, Yarraville and Williamstown, according to the Novemeber report from Herron Todd White
They found the housing market for high end property has seen a decrease in volume this year compared to 2019 with COVID being a major factor.
The majority of sales for prestige properties in this area occurred at the start of the year prior to the start of the pandemic and any form of restrictions being put in place. With a crippled economy and very uncertain times for many people, the demand or desire for lavish homes from both investors and owner-occupiers took a decline. This was combined with a limited number of buyers as no overseas investors were allowed into the country due to the heavy travel restrictions in place since March.
Supply for high end property has not been as prevalent this year as in the past however we may see more properties being listed in the coming months. One reason is that people cannot physically inspect properties at this point in time so sellers have held off placing their properties on the market until restrictions are lifted and potential buyers are allowed to physically inspect again in an attempt to achieve a higher sale price.
Another reason could be that if people are now finding that they can no longer afford to pay their mortgage due to the pandemic’s effect, there will be a flood of supply of higher end properties in an effort to avoid the bank taking the property as a mortgagee in possession. Overall there has been little change in value for this type of property as there has been no volume.
The market is dominated by owner-occupiers leaving very little rental spaces available. With no investors the market for high entry real estate has been devoured by homeowners. One sale that stands out in this area is 9 Forbes Street in Essendon (pictured) which sold for $3.61 million in June this year. The four-bedroom, three-bathroom, four-car garage house was originally built in the 1920s. Keeping its original facade, an extension took place in 2016. The house features a pool, large open living areas and American oak floorboards.
On the market for a price of $2.99 million is 5 Morton Street in Essendon. Among the fourbedroom, three-bathroom luxurious home’s features are an underground garage for six cars, large fitting room and master ensuite, indoor and outdoor entertaining area, home theatre, pool and elevator. The home was listed in August this year.
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Western Melbourne prestige property volume decreases: HTW

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Melbourne’s western suburbs have rapidly evolved over the past ten years, according to the July Herron Todd White (HTW) residential report. 
The valuation firm took a look at how a budget of $700,000 could be invested in property markets across the nation. 
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The report suggests Melbourne’s housing market has always seemed somewhat unattainable for many, however figures released have shown that Melton and Wyndham are affordable and desirable options with larger blocks of land and bigger homes.
The city of Melton is proving a popular choice according to realestate.com.au. It is also the cheapest suburb in Melbourne, with a median price of $390,000.
Those looking for large blocks and new modern houses could consider Rockbank, Caroline Springs and Plumpton at a median price of $700,000, which is an attractive choice for first home buyers and families, the report noted. 
"Melbourne’s western area is spoilt for choice around the $700,000 mark compared to that of more expensive inner Melbourne suburbs where purchasing a nice home in that range is simply not possible," the valuation firm said. 
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The report suggests the Australian dream of a big home and backyard is attainable in the western suburbs.
 It is an area that is affordable and ever developing which is why it has attracted so many first home buyers and investors looking to break into the property market. 
The convenience of being close to the city combined with the benefits of not actually being in the heart of the city has rapidly increased its population growth.
Some examples of what you can expect around the $700,000 mark are as follows, the report noted. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/8/14/taylors%20hill.jpg" alt="">
The five bedroom, three bathroom house at<a href="https://m.realestate.com.au/sold/property-house-vic-taylors+hill-133332806" target="_blank"> 37 Nicholson Terrace</a> (pictured above) has been sold for $768,000.
It comes with three living zones, functional kitchen, pergola area and oversized double garage. 
It is located within close primality to schools, transport and shops. 
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Compare this to a well-established, higher socio economic region within Melbourne’s west such as Williamstown. 
It is considered much more difficult to obtain a nice house for the $700,000 price bracket within this region as the median house price is $1.35 million.
"Realistically, only small units and apartments in Williamstown can be purchased for this price," the valuation firm said. 
The report noted an example of what you could expect is as follows.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/8/14/williamstown.jpg" alt="">
A two bedroom apartment at <a href="https://www.realestate.com.au/property-apartment-vic-williamstown-133618502" target="_blank">105/133 Railway Place, Williamstown</a> (pictured above) has been sold for $675,000.
The apartment comprises two large bedrooms, one bathroom, internal balcony, and secure car space with storage. 
It is set within the top Williamstown school zones. 
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What a lazy $700,000 can buy in Melbourne's western suburbs: HTW Residential 

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Some areas in Melbourne’s West that Herron Todd White has seen a jump in renovation ‘As If Complete’ reports is the inner Williamstown and Newport region, according to the latest Herron Todd White (HTW) report. 
The valuation firm suggest in locations across the nation, the downtime delivered by isolation has spurned on owners looking to improve their assets through maintenance and upgrade. This month’s HTW report highlights where renovations are on the rise and the price points and outcomes those markets can expect.
"During these unprecedented times we’re seeing a concentration on the concept of improving your home or investment through renovation projects," the valuation firm said. 
Williamstown and Newport are much older and more established regions than most of Melbourne’s West which consists of newly developed housing estates.
 Because of this, older dwellings within these more established regions are far more likely to conduct a renovation or extension project due to owners wanting to revamp the older styled dwellings, the report noted. 
Renovations can be a costly process which can fluctuate in price due to a number of reasons. The scale of the renovation, materials used and chosen builder all play a massive part into how much a project might cost. 
"Homeowners within Williamstown in general have a much higher household income compared to homeowners living within Melbourne’s Western growth corridors and therefore they are able to put more money toward larger scaled and higher quality renovations. This can be anywhere from $100,000 to $600,000 depending on the works being done," the valuation firm said. 
A renovated Victorian home in Newport has recently been sold for over $1.1 million.
The Hawthorn brick house at <a href="https://www.realestate.com.au/sold/property-house-vic-newport-133547998" target="_blank">274 Melbourne Road</a> (pictured below) comprises three bedrooms, formal lounge, kitchen/meals area, and large deck.
It is situated close to shops, cafes and eateries. 
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A current listing is a renovated family home in Williamstown priced at $1.64 million to $1.69 million.
The<a href="https://www.realestate.com.au/property-house-vic-williamstown-133494918" target="_blank"> 185 Cecil Street </a>home (pictured below) comprises three bedrooms, three bathrooms, and pool.
Additional features include gas fireplace, designer appliances, solar system and alarm.
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The report notes housing within Wyndham and Melton in general are new to near new dwellings having only been built within the past five years. 
Because of this, the need from renovations and extensions are not as rife compared to that of the older and more established regions that have been around for decades. 
Smaller scaled housing projects such as pergolas, working sheds and landscaping is a common trend for home owners within these newly developed housing estates as it simply isn’t necessary for them to upgrade or extend on their newly constructed homes. 
Another factor is the size of the land generally being smaller in these high density urban growth zones and therefore there is an inability to extend any further on the dwelling that already takes up the majority of space on the land.
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Melbourne's inner Williamstown and Newport region sees jump in renovation: HTW residential 

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Melbourne’s west has been the nation’s strongest growing region over the past five years, according to a recent Herron Todd White (HTW) residential report. 
The current COVID-19 epidemic is going to have a negative impact on key drivers, so it will be interesting to see what impact this may have on the property market in the short to medium term, the valuation firm said.
Data shows that seven of the top ten best performing regions in Victoria are from the west.
The HTW report suggests population growth and relative affordability are the main driving forces which have caused this strong growth throughout the west.
"More businesses moving to the area has created many different employment opportunities. There is new infrastructure and new schools and transport options have increased and are improving. These things are only going to keep pushing people to these areas," the valuation firm said. 
Two years ago, families were being beaten out by developers, but times have since changed and it is evident that family buyers have returned to the market. It was becoming unaffordable and now prices have dropped back to an affordable level and buyers are back.
Families and first home buyers are taking over the market. Young families are coming in and demanding more local schools and people are starting to view the area as affordable and one that has potential.
"Affordability is obviously a huge factor driving people west. There is a lot of urban revitalisation happening in the inner west," the valuation firm said. 
A two bedroom apartment in Melbourne's inner west suburb Footscray has recently been sold for $352,800.
The <a href="https://www.realestate.com.au/sold/property-apartment-vic-footscray-132998038" target="_blank">2/250 Gordon Street </a>home (pictured below) offers two bedrooms spacious lounge, separate kitchen and meals area and fully tiled bathroom. 
It's within close proximity to public transport, shops and restaurants. 
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A current listing is a three bedroom Yarraville house priced at $900,000 to $990,000.
The <a href="https://www.realestate.com.au/property-house-vic-yarraville-133393258" target="_blank">63 Benbow Street</a> home (pictured below) comprises modern kitchen, family living room, large alfresco and rear yard plus double carport. 
The location is close to primary school, shops, park and freeway. 
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Housing quality in Melbourne’s west has also improved as there are some nice new homes that are lifting the value, the report noted. 
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While there was a stigma attached to parts of the west, the schools, transport and new infrastructure on offer are great drawcards.
"With this all said, it’s difficult to know what lies ahead for Melbourne’s property market in its entirety. It’s still too early to predict the full scale of the long term impact of the Coronavirus, given that the Australian outbreak is in its early stages, but there are two unknowns that could compound any fall in prices: unemployment and the prospect of a looming recession.
"Although the threat of Coronavirus is omnipresent, there’s reason to suggest the housing market could be relatively insulated, compared to financial markets." 
<div>Notes regards COVID-19</div>
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This edition of Month In Review had its topic defined in late February with submissions from our offices collated through to late March. During this period, shifts in the social and economic landscape due to COVID-19 became increasingly dramatic, as demonstrated by the varied information provided by offices over the course of three weeks. 
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<div>This month’s residential theme on baseline property market drivers remains a common thread, and provides an indication of what influences to monitor as the property sector recovers post-crisis.</div>
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Affordability drives strong growth in West Melbourne property market: HTW residential

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An office building, currently owner-occupied by Netball Victoria, has come onto the market. 
The two-level building a is located 150 metres from Melbourne’s historic Flagstaff Gardens.
It features a 10-car basement. 
Following 23 years of occupation, Netball Victoria is relocating to the State Netball &amp; Hockey Centre in Parkville, which is expected to be completed early-mid 2021. 
Savills have listed the property, being sold via an expressions of interest closing April 1.
An anticipated sale price of at least $4.75 million is expected.
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Netball Victoria's west-Melbourne office building listed for sale

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Melbourne’s west has been a story of growth in recent years, according to the latest Herron Todd White (HTW) residential report. 
The valuation firm took a look at what's bringing new residents to different residential markets or, conversely, driving them away. 
The report suggests new greenfield offerings in the cities of Wyndham and Melton stimulated a large population influx, emerging new community centres and population centroids further out of traditional demographic hubs of metropolitan Melbourne.
<a href="https://www.propertyobserver.com.au/images/2019/9/26/mel%20west%201.jpg" target="_blank">Click here</a> to enlarge: 
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"Affordability is a key factor attracting home buyers to the developing suburbs of Melbourne," the valuation firm stated. 
With metropolitan Melbourne’s median house price recording $785,000, there are still several suburbs in the west where buyers can get a foot in the door for under $400,000.
New developing areas such as the cities of Brimbank and Wyndham show a large share of emerging cultural communities including those from India, the Philippines, Iraq and Sri-Lanka.
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According to census data, Indians show a definite preference for housing projects located in the suburbs of Point Cook, Tarneit, Truganina and Rockbank.
"The choice of the location is a practical and pragmatic housing decision as the greenfield offerings remain one of the most affordable across Melbourne," the valuation firm said. 
A three bedroom house in Tarneit has recently been sold for $590,000.
The Victorian family home at <a href="https://www.realestate.com.au/sold/property-house-vic-tarneit-131847562" target="_blank">88 Sunset Views Boulevard</a> (pictured below) comprises four bedrooms, timber kitchen, family/dining area and outdoor entertaining area. 
It's located within walking distance to Tarneit Railway Station, Tarneit Central Shopping, Early Learning Centre. 
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A new listing in Point Cook is a four bedroom renovated home priced between $620,000 to $625,000.
Set on a 425 square metre block, the family home at <a href="https://www.realestate.com.au/property-house-vic-point+cook-132058562" target="_blank">12 Island Way </a>(pictured below) comprises four bedrooms, kitchen, dining area, and open space.
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There are specific locations in the developing western suburbs considered desirable for housing, being Ashley Gardens Estate in Hoppers Crossing and Wyndham Waters in Williams Landing.
The report notes the proximity to transport, easy access to freeways and proximity to shopping, educational and leisure centres attract buyers who look for functional neighborhoods.
"The high demand has impacted prices, moving prices paid above the median house price for the locality," the valuation firm added. 
Major western region infrastructure upgrades, including transport projects and roads upgrade, construction of pedestrian overpasses and paths for cyclists, are underway and due for completion in 2021.
The much-anticipated upgrade of the western road network gives local businesses opportunities for growth and access to places of employment.
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Affordability the key factor attracting home buyers to Melbourne's west: HTW residential

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A new apartment development in Melbourne’s western suburb of Williams Landing has been completed.
ASX-listed developer Cedar Woods Properties’ Lancaster Apartments, which was designed by Designed by DKO Architecture, has settled.
Lancaster is Cedar Woods’ third development in the area after the sold-out Newton and Oxford Apartments, with a fourth, Lincoln Apartments, on the way.
According to a recent Urbis report, the median price for an apartment in the area has nudged over $400,000 - an increase of 15.4% over three years.
Weekly rents have increased by 5.4% in the past year, with vacancy rates sitting at 5.5%, the Urbis report said.
Williams Landing benefits from transport, amenity and infrastructure links, Cedar Woods’ state manager for Victoria, Lloyd Collins, said.
 “Rental demand is, of course, one of the key indicators of the financial health of investment properties, so we are pleased to see that newly completed apartments are achieving low rental vacancies,” says Collins.
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Ela Caglayan, a 23-year-old buyer’s assistant at Target Australia – which relocated its headquarters to Williams Landing at the end of 2018 – has recently moved into Lancaster as a first home buyer.
“I’ve always wanted to live in an apartment,” said Caglayan.
“Once Target relocated from Geelong to Williams Landing, I saw the opportunity to finally invest in my first property, which not only suited my lifestyle but was also affordable and allowed me to take advantage of the first home owners grant.”
“Now I’m able to live close to work, which is definitely a bonus, but I also saw strong growth prospects for Williams Landing – the investment was too good to pass on. I’m looking forward to watching the suburb develop.
“A few of my family and Target colleagues have already moved to the area, and I think more are interested in buying into the community.”
 
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