A new chapter in Sydney’s urban renewal story begins today as NSW Premier Chris Minns officially turns the sod for Dawn, the fifth stage of Sekisui House Australia’s $5 billion <a href="https://www.apartments.com.au/developments/melrose-park-nsw-2114">Melrose Park</a> masterplanned community.

Developed in partnership with Hankyu Hanshin Properties and built by <a href="https://www.apartments.com.au/builders/decode">Decode</a>, <a href="https://www.apartments.com.au/new-apartments/dawn-melrose-park-bundil-boulevard-melrose-park-nsw-2114">Dawn</a> will deliver 368 parkside residences, forming part of one of NSW’s largest privately owned urban renewal projects.&nbsp;

The milestone marks the start of the next phase in transforming Melrose Park into a new community delivering over 5,500 homes, a mixed-use town centre, 50,000 sqm of open green spaces and several future schools.

[smartcode_project:default project_id=145496 project_image_fid=352993]

Kazunori Ito, Group CEO and Managing Director at <a href="https://www.apartments.com.au/developers/sekisui-house-australia">Sekisui House Australia</a>, said the milestone symbolises the company’s ongoing commitment to job creation, housing supply and sustainable community building.

“This moment represents more than just the start of construction," Ito said.

"It is about building a new urban heart for Sydney’s geographic centre. Dawn and the wider Melrose Park masterplan will generate thousands of jobs, deliver quality homes for families and help more people realise the dream of home ownership.

“We are proud to be supporting the NSW government’s housing targets and expanded Home Guarantee Scheme, which came into effect on 1 October. The program is already opening doors for more first home buyers at Melrose Park, many of whom are using the scheme to purchase with a five per cent deposit and no Lenders’ Mortgage Insurance.”

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Since its introduction, the enhanced federal government’s Home Guarantee Scheme has given first home buyers greater access to the property market. With value thresholds in New South Wales now lifted to $1.5 million, buyers can secure a new apartment in Melrose Park sooner, reducing the burden of saving a 20 per cent deposit and removing costly mortgage insurance premiums.&nbsp;

The Dawn precinct, designed by <a href="https://www.apartments.com.au/architects/group-gsa">Group GSA</a> embodies Sekisui House’s global “Love of Humanity” philosophy, integrating sustainability, technology and liveability into every design detail. Residents will enjoy abundant green space, energy efficient features and a direct connection to the future Parramatta Light Rail Stage 2 and Melrose Park Town Centre set to open in 2026.

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As part of the NSW government’s long-term commitment to the local community, work recently commenced on the new Melrose Park High School, a state-of-the-art education facility designed to accommodate more than 1,000 students. The school will be within walking distance to Dawn and will become a cornerstone of the precinct’s family friendly environment.

Melrose Park’s smart community vision includes EV charging stations, environmental monitoring systems with Western Sydney University and NBN node to residence connectivity. With over $216 million in planning contributions committed to local and state infrastructure, this project supports NSW’s 30-minute city goal, ensuring residents can live, work and play within easy reach of key employment and lifestyle hubs.

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Dawn’s contemporary residences all have secure basement parking and start at $649,000 for a one-bedroom apartment and $1.259 million for three-bedrooms.&nbsp;

The project will also overlook Central Park which spans nearly two hectares and features barbeque and picnic areas, children’s play zones and walking tracks ideal for active residents and pets.

Residents will enjoy exclusive rooftop community facilities including private rooftop gardens, beautifully landscaped podium parks and internal courtyard gardens.

Construction of Dawn, which is being led by regarded builder Decode, will be completed by Q1 2028, adding to Sekisui House’s pipeline of more than 9,000 homes and apartments under development across Australia.

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Staff Writer

Premier Chris Minns turns sod at Dawn Melrose Park as construction commences

Southport is set for one of its tallest new apartment developments in recent years with the approval of Malua, a 32-level tower just one row back from Broadwater.

The <a href="https://www.apartments.com.au/new-apartments/malua-18-22-norman-street-southport-qld-4215">Norman St tower</a> will comprise 151 apartments within the Southport Priority Development Area. The three adjoining lots, totalling 1,215 sqm, are currently occupied by three two-storey buildings, one a house, and two duplexes.

The majority of the apartments will be two-bedders (126), with just five one-bedroom apartments and 20 three-bedrooms. There will be three basement levels, three podium levels, and a rooftop communal space with a pool, gym, private dining areas and business hub facilities.

<img alt="Malua" data-entity-type="file" data-entity-uuid="21ab3437-de39-432c-b991-f33227b606dd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-11-06%20at%208.41.37%E2%80%AFAM.png?VersionId=_dOcjcvmSMyn6utzzviBVCAgDp5ZCo_N" />

There had been prior approval for a 14-storey building, however those plans became financially unviable.

“The proposed development seeks to resolve financial viability issues of the existing development approval by providing a higher density development with a more favourable unit mix and streamlined design,” the planning report submitted to the Gold Coast City Council noted.

Plus Studio designed the tower which "aims to contribute positively to the evolving Southport skyline, with vertical relief elements, sculpted facades, and rooftop crowning features."

“When stepping into the lobby from Norman Street, pedestrians and residents pass through a sculpted podium of lush green foliage in an earthy entry experience,” Plus wrote in its design report, emphasising the landscape-led approach to the podium and ground plane.

<img alt="Malua" data-entity-type="file" data-entity-uuid="694202c2-be8f-4cde-be26-a494293058a6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-11-06%20at%208.42.15%E2%80%AFAM.png?VersionId=NOIFuolMkoE8vNerov63rnbFRk_TnYUy" />

There is renewed confidence in the development market in Southport. Buyers have jumped at the chance to buy at <a href="https://www.apartments.com.au/new-apartments/maris-southport-20-queen-street-southport-qld-4215">Maris</a>, the latest local Gold Coast development by MRCB. Over 75 per cent of the 192 apartments have been snapped up prior to launching to the market.&nbsp;

The last notable launch in the suburb was in late 2023 when <a href="https://www.apartments.com.au/new-apartments/eden-garden-residences-20-bauer-street-southport">Eden Garden Residences</a> hit the market. The 54 apartments, on the corner of Bauer Street and Chester Terrace, are under construction and due to complete in mid-2026.

Joel Robinson

First look: Southport tower Malua to rise 32 levels in latest Gold Coast approval

Woolworths Group’s development arm, <a href="https://www.apartments.com.au/developers/fabcot">Fabcot</a>, has unveiled its latest mixed-use development.

They are seeking to reshape a prominent site in Gladesville, on the northern edge of the town centre. They've filed a&nbsp;State Significant Development Application for the amalgamated 5,623 sqm block with street frontages to Victoria Road and Eltham Street that will see <a href="https://www.apartments.com.au/new-apartments/363-victoria-road-gladesville-nsw-2111">two buildings with 171 apartments</a> sit above an activated retail ground plane.

The tallest tower, at 13 storeys, will face Victoria Road and home 115 dwellings. A smaller nine-sytorey tower, stepping down to Eltham Street, will have the remaining 56 apartments.

The towers will rise above a podium containing a full-line 3,800 sqm Woolworths supermarket and cafe, activating along the Westminster and Eltham Street frontages.

<img alt="Fabcot" data-entity-type="file" data-entity-uuid="da042a40-288e-41b8-becc-080f235a3717" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-11-06%20at%208.13.26%E2%80%AFAM.png?VersionId=n99ay71Clcy6WLP4Uajw2ph6BA61wboV" />

The residential offering will include 19 one-bedroom, 118 two-bedroom, and 34 three-bedroom apartments. Residents will have access to rooftop communal terraces on both buildings, as well as a podium-level garden, contributing a total of 1,411 sqm of communal open space.

According to the Urban Design Report by <a href="https://www.apartments.com.au/architects/clarke-hopkins-clarke">ClarkeHopkinsClarke</a>, “The massing places height and density along Victoria Road, reinforcing its role as the commercial spine, while stepping down towards neighbouring areas to ensure appropriate scale transitions.”&nbsp;

The design draws inspiration from the local geology and waterways, with curving tower forms and a warm, tactile material palette referencing Hawkesbury sandstone and nearby riverine landscapes.

The proposal also includes basement parking across three to four levels, accommodating 392 car spaces - 190 for retail and 202 for residents.

<img alt="Fabcot" data-entity-type="file" data-entity-uuid="f1a01073-9a13-4ba7-9c14-43c84a751e26" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-11-06%20at%208.13.51%E2%80%AFAM.png?VersionId=KSImA_iSQiIgSRMswm7.5Sg.WRZ0fZjg" />

Fabcot is aiming to deliver a “landmark building with civic presence,” leveraging the prominent corner site to anchor the precinct’s urban renewal.

“The building’s corner location and carefully sculpted form establish it as a landmark for North Gladesville,” the Urban Design Report notes.

ClarkeHopkinsClarke has previously collaborated on other Woolworths mixed-use projects, and here again deploys stepped setbacks, articulation, and extensive landscaping to manage bulk and enhance street-level engagement. A colonnaded brick base provides texture and rhythm to the podium, while upper levels curve softly to maximise views and cross-ventilation.

The development sits within the North Gladesville Precinct, an area earmarked for transformation under Ryde’s local planning strategy. It is well-served by bus connections along Victoria Road and within proximity to community infrastructure, schools, and riverside parkland.

Gladesville is set for a full transformation with developer Third.i also planning a major mixed-use development in the area. They are seeking to redevelop the Gladesville Village Shopping Centre into an&nbsp;integrated precinct with more than 500 apartments, a new supermarket, and significant public domain upgrades.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-third-i-plots-500-unit-redevelopment-of-gladesville-village-shopping-centre">First look: Third.i plots 500-unit redevelopment of Gladesville Village Shopping Centre</a>

Fabcot reveals mixed-use plans for Gladesville town centre

<a href="https://www.apartments.com.au/developers/omaya">Omaya</a> has brought to market a boutique collection of completed, two-storey terraces on Telopea Avenue in <a href="https://www.apartments.com.au/developments/homebush-west-nsw-2140">Homebush West</a>, offering buyers the opportunity to move straight into brand-new homes in a connected inner-west location.

<a href="https://www.apartments.com.au/buildings/telopea-avenue-homebush-west-24-36-telopea-avenue-homebush-west-nsw-2140">Telopea Avenue</a> comprises four-bedroom terraces with internal basement parking, designed to balance functionality with contemporary interiors.

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Each residence is arranged across two levels, with layouts tailored to families seeking more space or downsizers wanting low-maintenance living without compromise. Skylights and large windows maximise natural light throughout the interiors, while private terraces and balconies extend living outdoors.

Inside, hybrid timber flooring flows through living and bedroom spaces, complemented by built-in wardrobes with polyurethane finishes and melamine shelving.&nbsp;

Kitchens feature Bianco Imperial Granite benchtops and splashbacks, paired with Smeg appliances including a five-burner gas cooktop, oven, rangehood, and integrated dishwasher.&nbsp;

Bathrooms continue the refined detailing with porcelain tiling, granite accents, gun metal tapware, and integrated LED lighting.

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Landscaped surrounds create a sense of greenery within the community, while individual home designs ensure each terrace retains its own character.

Positioned within a quiet residential pocket, the project sits only minutes from the activity centres of Strathfield, North Strathfield, Homebush, and Lidcombe, as well as the broader lifestyle and employment precinct of Sydney Olympic Park.

Residents also benefit from the project’s proximity to transport and amenity. Homebush and Flemington stations provide direct rail access to the Sydney CBD, with major road connections including Parramatta Road and the M4 close by.&nbsp;

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Local shops, Sydney Markets, and Strathfield Plaza cater to daily needs, while the area is well-serviced by schools, childcare centres, and universities.&nbsp;

Nearby Sydney Olympic Park and Bicentennial Park add further lifestyle appeal, offering walking trails, sports facilities, and year-round cultural events.

The terraces are delivered by Omaya, a family-run Sydney developer and builder with more than 35 years of experience and over 1,000 dwellings in its pipeline.

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Omaya delivers complete and move-in ready terraces on Telopea Avenue, Homebush West

Melbourne-based developer&nbsp;<a href="https://www.apartments.com.au/developers/las-group">LAS Group</a> has this month received planning approval for two adjoining sites, 101 Clarendon Street and 38 Clarke Street in Southbank, that will add around $700 million to the developer’s pipeline on completion.

The two sites were purchased from Crown in 2023 and occupy the same city block as the iconic Casino complex, acquired in an on-market transaction, consisting of multiple titles that were being used as warehouses and low-rise office space.

The resulting permits will see the delivery of two towers consisting of 52 and 25 levels, both to be designed by Fender Katsalidis.

LAS Group’s successful planning approvals are among only a select few new development sites in Southbank to receive a permit in the last three years, as appropriate sites become even more scarce in the popular city-side location.

The projects will enjoy immediate walking access to Crown Casino, South Wharf, the Aquarium, Southbank and the wider Yarra River walk precinct that features a plethora of restaurants, bars and other hospitality and entertainment offerings.

The Fender Katsalidis-designed towers will feature intricate brick masonry and arched windows at street level that will add character to the Southbank streetscape, with sleek towers rising above each podium.

The larger of the two towers, <a href="https://www.apartments.com.au/new-apartments/101-clarendon-street-southbank-vic-3006">101 Clarendon Street</a>, will have 509 apartments across a 52-level building that wuill also include a resident&nbsp;lounge, private dining room, podcast room, golf simulator, co-working spaces, pet care facilities, and an outdoor terrace.

That is expected to complete in 2029.

<img alt="Clarendon" data-entity-type="file" data-entity-uuid="9d8595a7-d225-4532-86a9-d3c5ca7407d4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-11-05%20at%208.28.51%E2%80%AFAM.png?VersionId=quwbfnhk5Vf6yR1Qj0GQtt0EjeIsKMci" /> 
The podium at 101 Clarendon Street. Image supplied

The smaller tower at <a href="https://www.apartments.com.au/new-apartments/36-42-clarke-street-southbank-vic-3006">38 Clarke Street</a> will be around half the size at 25 levels and home 188 apartments, a pool, gym, cold plunge, and sauna. That is expected to complete in 2028.

&nbsp;

LAS Group has a long history of developing key sites across Australia, including The Fawkner on St Kilda Road and Guild Apartments in Southbank, as well as holding significant interests in retail, mixed-use and storage facilities across Australia.

<img alt="38 Clarke" data-entity-type="file" data-entity-uuid="d871b034-d2a4-490f-b9eb-b9d4b99a04c5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-11-05%20at%208.28.44%E2%80%AFAM.png?VersionId=J3fWfemsLPQzXekl_h0QlsXoWFnRbfRF" /> 
38 Clarke Street, Southbank. Image supplied

LAS Group director and founder Les Smith said the planning approvals had come at a time when confidence was returning to the market and the need to deliver quality apartment stock in Melbourne’s inner suburbs was becoming critical to help ease the housing and affordability crisis.

“These planning approvals are the outcome of a collaborative process with multiple stakeholders and we are grateful for the involvement and support of Melbourne Water, the Department of Transport and Planning, Melbourne City Council and Property Council of Australia along the way," Smith said.

“We have a huge affinity for Melbourne believe the macro and micro economic factors that underpin long-term growth mean it is currently undervalued compared to other capital cities around Australia.

“Confidence is starting to return given the recent interest rate drops and the buoyancy in the economic climate, so we believe the time is right to bring these two new projects to market in the coming months."

LAS Group General Manager, Mia Smith said the design intent was to bring a sense of place to Southbank from the ground level and contribute positively to the thriving entertainment precinct, while delivering good quality, affordable stock to the market.

“These projects will deliver product that is affordable and accessible, while delivering a beautiful building with luxury appointments, in a wonderful location that’s next door to Crown Casino and the Southbank entertainment precinct, and on the doorstep to the CBD," Smith said.

“We are incredibly pleased with the designs that Fender Katsalidis have proposed and we are excited to make a positive impact to the urban design of this important pocket of Southbank with these exceptional design outcomes.”

LAS Group to build 700 apartments across two towers on Crown Casino’s former Southbank sites

Greensborough

Just 17-kilometres from Melbourne’s city centre, <a href="/developments/greensborough-vic-3088">Greensborough</a> has developed into a suburb for everyone.&nbsp;

Combining lush greenery, convenient amenity and a lively entertainment hub, the leafy suburb is a suburban haven afforded with efficient public transport, easily <a href="/developments/greensborough-vic-3088">connecting the neighbourhood</a> to the wider <a href="/developments/melbourne-vic">Melbourne</a> region. &nbsp;

Home to sprawling parklands and scenic walking tracks, it is also a place to reconnect with nature and find time for serenity. With <a href="/developments/greensborough-vic-3088">Greensborough</a> Plaza, Hoyts cinema, and bustling Main Street also at hand, the <a href="/developments/greensborough-vic-3088">Greensborough community</a> enjoys a well-balanced and vibrant lifestyle.

Developer Citinova is one of few developers who has pinpointed the suburb as having the potential for future growth. Their apartment development, Albero, is soon to complete and stand as the only new apartment development in the suburb.

Read more:&nbsp;<a href="/news/vic/why-investors-are-looking-for-value-in-greensborough">Why investors are looking for value in Greensborough</a>

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Residents of Albero will be within close proximity to Greensborough’s generous transport offerings, with the newly developed Greensborough Station located just a short stroll away for residents needing to commute to the CBD.

The recent upgrades have not only improved connectivity to the city but also within the community, with a new covered pedestrian bridge improving connectivity to Para Road, the Plenty River Trail, as well as the local Greensborough shopping precinct.&nbsp;

Read more:&nbsp;<a href="/news/vic/the-downsizer-appeal-at-albero-greensborough">The downsizer appeal at Albero, Greensborough</a>

Greensborough Road and the Metropolitan Ring Road are also just moments away, providing greater connectivity to the city and the airport.&nbsp;

The new links will see residents access Greensborough Plaza in just a five-minutes walk, with the precinct home to a range of retailers, eateries, supermarkets and shopping outlets, as well as a Hoyts, and a number of banks and medical services.&nbsp;

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While offering the convenience of being close to local amenity, Albero is also afforded with the balance of being within walking distance to several walking trails, and green open spaces.&nbsp;

Poulter Reserve is adjacent to the site, while the Plenty River and its combined trail are also nearby, offering plenty of outlooks throughout.

Read more:&nbsp;<a href="/news/vic/the-team-behind-the-new-greensborough-apartment-development-albero">The team behind the new Greensborough apartment development, Albero</a>

Greensborough Park is a seven-minute walk away, with the park home to a number of reserves, as well as Greensborough Skatepark, Diamond Valley United Soccer Club, St Marys Tennis Club and Kalparrin Gardens, which has its own associated lake in Kalparrin Lake.&nbsp;

Families are also afforded plenty of educational opportunities within Greensborough, with Briar Hill Primary School and Montmorency Secondary College just down the road, while Greensborough College is a short five-minutes drive away.&nbsp;

Albero is slated for completion in Q4 2023, with buyers moving in shortly after.

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Developer Citinova is one of few developers who has pinpointed the suburb as having the potential for future growth

alisonwarters@gmail.com

“Futureproofing for generations to come”: Why Albero Greensborough apartments present a unique offering

Albero Apartments in Greensborough have been capturing the attention of local buyers, signalling a successful venture for developers Citinova.

The residential development, a collaboration between InvoDesign, Point Architects, and Biasol, is set to provide contemporary and elevated living in a serene environment, surrounded by lush greenery and sprawling tree scapes.

Notably, downsizers have emerged as a significant portion of the buyers, drawn to the appeal of Albero.

One such local buyer, Kathy, recently made the decision to downsize from her family home and opt for a two-bedroom, two-bathroom apartment at Albero.

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Despite being new to the concept of purchasing off the plan, Kathy expressed her satisfaction with the process thus far.

"I signed a contract for a two-bedroom, two-bathroom apartment at Albero back in August 2021," Kathy revealed.

"The apartments met all my requirements, boasting two bathrooms, a spacious balcony, and delightful views, while still being conveniently located near trains, bus stops, shops, a pool and gym, and restaurants."

When asked about her decision to choose Albero, Kathy explained, "I opted for Albero as I believe it had a good design, with nice finishes, and it just seemed like a quality product."

Initially uncertain about purchasing off the plan, Kathy discovered that once construction commenced, everything fell seamlessly into place.

"I was a bit hesitant to buy off the plan, but once construction started, it was all systems go," she said.

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For Kathy, the choice to invest in Albero was primarily motivated by its location and the development's commitment to quality. As a local resident, she desired to downsize within a familiar area and found that Albero offered precisely what she was seeking in terms of design, location, and overall excellence.

Prospective buyers still have the opportunity to acquire one or two-bedroom apartments within the development, with the first residents expected to move in during the upcoming spring season.

The one-bedroom apartments are priced from $470,000, featuring 63 sqm of space, one bathroom, and one car space.

The two-bedroom apartments start at $630,000, spanning from 83 through to 89 sqm, and encompassing two bathrooms and one car space.

&nbsp;

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The downsizer appeal at Albero, Greensborough

It's the last chance to buy at CitiNova's Albero Greensborough at the lowest price, with increases of between $20,000 to $35,000 per apartment set to come into effect on April 25.

Albero, in the heart of Greensborough, 17 kilometres north-east of Melbourne, has been popular among both owner-occupiers and investors given the rarity of a new apartments in the small nature-filled suburb.

At the moment prices for one-bed apartments start from $460,000, and two-beds from $625,000.

<a href="/news/vic/why-investors-are-looking-for-value-in-greensborough">Read more:&nbsp;Why investors are looking for value in Greensborough</a>

&nbsp;

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Citnova engaged&nbsp;InvoDesign, Point Architects and Biasol to design the 45-apartment project, which is set to welcome residents by Spring.&nbsp;

Albero promises to offer contemporary, elevated living in a serene setting, surrounded by breathtaking greenery and sprawling treescapes. The residences have been designed with a keen focus on the finer details and high-quality finishes to provide maximum comfort and functionality to its residents.

Biasol, an interior design firm, was responsible for the interiors of Albero, creating a sense of home within the locality of Greensborough.

&nbsp;

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The design of the apartments was guided by the surrounding landscape, rich in Australian natives and character, to provide a sustainable and timeless design.

Each residence at Albero features energy efficient appliances, use of recycled rainwater, and expansive double-glazed windows that allow for an abundance of natural light to flood in and illuminate the interior spaces.

The result is an environmentally friendly and luxurious living space that promises to cater to the needs of modern-day residents.

[smartcode_project_cta:default project_id=4722]

At the moment prices for one-bed apartments start from $460,000, and two-beds from $625,000

Last chance to buy before price increase at Albero Greensborough apartments

Infrastructure and population growth are the two key factors when property investors look at suburbs to invest their money.

Of course there are a number of other drivers, such as rental yield and vacancy rate, but population and its growth forecast somewhat drives those two numbers.

Greensborough, in the City of Banyule in Melbourne's East, falls into a Victorian Government high priority precinct, which is attracting investors to the suburb.

There's expected to be a seven per cent increase in population by 2027 in the City of Banyule, and 12 per cent by 2036. As population grows, housing demand intensifies.

Seeking to take advantage of the forecasted population growth is property developer Citinova, whose Albero apartment development is the only project on the market in the area.

&nbsp;

The 45-apartment development is slated for completion in Spring 2023, and investors are looking at Greensborough's strong vacancy rates, under one per cent in the local area.

Greensborough's median rental price for a two-bedroom apartment is $411, according to SQM Research.

Albero apartments start from $460,000 for the one-bedroom product, and $625,000 for the two-bed apartments.&nbsp;

[smartcode_project:default project_id=4722 project_image_fid=192840]

Given Greensborough is a Victorian Government high priority precinct, there are a number of government-led infrastructure projects, namely increased transport links.

Work is set to begin on Greensborough's new modern station, which will see services run from the new station every seven minutes. The track will be duplicated between&nbsp;Greensborough and Montmorency and between Diamond Creek and Wattle Glen, to allow more trains to run more often.

Victoria's Big Build worked with local&nbsp;Greensborough residents to talk through the design of the station. They wanted a modern station with natural and earthy tones, as well as native vegetation. There will be 130 solar panels and a rainwater tank as part of the new station building to improve sustainability.

While maintaining a leafy suburb-vibe, Greensborough has a robust local economy. Nearly half of the population earn over $1000 a week and are looking for a home close to work, Citinova suggest.

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The City of Banyule’s economy has consistently grown over the past decade, from a Gross Regional Product (GRP) of $4.7 billion in 2007 to $5.7 billion in 2017.

Greensborough itself is home to a range of businesses and industries, including healthcare, retail, and hospitality, all of which contribute to a strong and stable local economy.&nbsp;

The area has several shopping centres, including Greensborough Plaza, which is home to over 180 specialty stores and major retailers such as Coles and Target.

It's also home to a number of local cafes and restaurants, parks, and recreational facilities such as the Greensborough Football Club and the Greensborough Tennis Club, making it an attractive location for families.

[smartcode_project_cta:default project_id=4722]

Seeking to take advantage of the forecasted population growth is property developer Citinova, whose Albero apartment development is the only project on the market in the area

Why investors are looking for value in Greensborough

CitiNova has brought together quite a team to deliver their latest residential development.&nbsp;

The Greensborough project, Albero has been designed by InvoDesign, Point Architects and Biasol, delivering a collection of 45 residences, set amongst verdant surroundings in addition to a suit of enviable amenity.

Each of the residences have been conceived to maximise on space, with a focus on the finer details and high-quality finishes.&nbsp;

[smartcode_project:default project_id=4722 project_image_fid=205519]

Biasol handled the interiors of Albero, who encapsulated a sense of home within the locality of Greensborough, with the design of the apartments guided by the surrounding landscape, rich in Australian natives and character.&nbsp;

The modern palette exudes warmth and achieves visual distinction with a focus on balance and serenity. Finer details found in the subtle terracotta or olive-green accents bring a sense of nature into the spaces, weaving the overarching inspiration of Albero in every detail.

Offering a sustainable and timeless design, each residence at Albero features energy efficient appliances, use of recycled rainwater and expansive double-glazed windows that allow for an abundance of natural light to flood in and illuminate the interior spaces.&nbsp;

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Generously sized balconies act as an extension of the homes and allow for exceptional indoor-outdoor living, along with dedicated communal spaces specific to the top two levels and an additional shared terrace for all to enjoy.

Designed with functionality in mind, the kitchens feature ample storage making hosting dinners effortless and enjoyable, while expansive balconies offer an al fresco dining experience in each home.&nbsp;

The master suites have been designed as a retreat, with built-in wardrobes, expansive windows allowing an abundance of natural light, as well as generously-sized ensuites.&nbsp;

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The bathrooms incorporate floor-to-ceiling tiles, with buyers able to select between a dark or light colour scheme. Each combines satin nickel or matte black fixtures, along with ample storage and frameless glass, forming an aesthetically pleasing space while still being functional. &nbsp;

The development is currently under construction by DCS Built, with completion slated for Spring 2023.

Buyers also only have a limited amount of time remaining to select the colour finishes in their apartment, with the ability to customise ending on January 23.&nbsp;

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Inside the Albero apartments: How Biasol created a connection to the Greensborough locale

The collaboration of four Australian firms, Citinova, InvoDesign, Point Architects, and Biasol, has brought the latest residential development to Greensborough.

Created as “more than just a home”, but rather a sanctuary, Albero presents a collection of 45 one, two and three-bedroom apartments to the leafy Melbourne suburb.

Citinova have long specialised in the residential development space, while also developing hotels, commercial, and industrial buildings to be a major player in the diversified property space.&nbsp;

&nbsp;

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The group has a&nbsp;number of projects in the pipeline, including two commercial office projects planned for&nbsp;Werribee. Citinova has developed the&nbsp;Richmond townhouse project, Glassworks, the masterplanned West Pines, the Brooklyn Interchange,&nbsp;as well as&nbsp;the revitalisation of the Ford Cambellfield employment hub.&nbsp;

“We were inspired to undertake this project because we saw it as the perfect opportunity to create not just a home, but a home that inspires a strong sense of place, embracing all that the location has to offer,” they say about Albero.

“We understand what home is, so we put together a team that genuinely cares about liveability and creating a lasting impression, to of fer homeowners something special that truly embraces its surroundings and the convenience of its location.”

&nbsp;

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Albero has been designed in&nbsp;collaboration between Melbourne locals, Point Architects and Invo Design.

Established in 2000, the Melbourne Architects Point are a multi-disciplined practice, who say Albero was designed with the understanding of residents’ needs, a thoughtful design concept, and a consideration of construction within the Greensborough locale.

“This process allowed us to create a building that sits harmoniously within the surroundings and will stand the test of time,” they said.

Invo Design are a boutique full-service architecture firm, who have designed a number of projects across Melbourne, as well as interstate, including the multi-residential, Parkside Apartments and the masterplanned, Largs North.

&nbsp;

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“The intent for Albero was to create a landmark building that still responded to its outer-city urban context and setting,” Invo say. &nbsp;

“Careful consideration was given to the existing streetscape and it’s surroundings to create a unique and tasteful vision as to what the new benchmark in Multi residential design for the municipality should aspire to be.”

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Created as “more than just a home”, but rather a sanctuary, Albero presents a collection of 45 one, two and three-bedroom apartments to the leafy suburb.



The team behind the new Greensborough apartment development, Albero

Construction is underway at the new Greensborough apartment development, Albero, in the leafy suburb north-east of Melbourne.

Albero will comprise 45 contemporary residences developed by Citinova, with the design a collaboration between prominent architecture firm Point Architects and designers InvoDesign and Biasol.

The development, 17 kilometres from Melbourne and set in the growing suburb which blends greenery, amenity and a lively entertainment hub, was designed to connect to its wider surroundings.

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“Albero is conceived through a deep understanding of its local context, we wanted to encapsulate a sense of place within the interior design with a strong connection to the abundant parklands of Greensborough and design a life with all the necessities to live simply, in comfort and style,” Biasol said when discussing the vision for the residences.

Comprising a sculpted façade, forming the illusion of a floating exterior, Alberto displays a silhouette form, with bold linework that frames the development amongst the setting. &nbsp;

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Soft timber accents and natural finishes have also been incorporated to complement the leafy surrounds and bring a sense of nature to the residences.

With sustainability at the forefront of the design, each residence at Albero features energy efficient appliances, use of recycled rainwater and expansive double-glazed windows that allow for an abundance of natural light to flood the interior spaces.

Green landscaping cascades down the façade, providing a visual connection to the surrounding parklands, while the generously sized balconies act as an extension of the homes, allowing for indoor-outdoor living.

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The top two levels of Albero will be dedicated to open communal spaces.

One, two and three-bedroom apartments are available at Albero, which is expected to be completed by mid-2023.

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The development, 17 kilometres from Melbourne and set in the growing suburb which blends greenery, amenity and a lively entertainment hub, was designed to connect to its wider surroundings


Construction commences on Greensborough's Albero apartment development

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A Chinese investor has paid $2.95 million on a tight 4.4 per cent yield for a fully leased property in Melbourne’s Greensborough with development potential, in a deal brokered by Savills. 
The <a href="https://www.realcommercial.com.au/property-retail-vic-greensborough-502077854" target="_blank">86-90 Main Street</a> property comprises three shops on a single level totalling 350 square metres on a 682 square metre site with ten car parks.
The property resides in the Main Street retail precinct and Greensborough Activity Centre redevelopment, and is directly opposite Greensborough Plaza.  
It was sold with a current net rental of $130,240, and at a land rate of $4,325 a square metre.
The selling agents were Nick Peden and Jesse Radisich of Savills.
“This property offered secure income from three longstanding tenants with excellent main street exposure in a fantastic location,” said Peden.
“It is also in the centre of a major retail and commercial precinct in Greensborough’s central activity centre and as such offered excellent potential development upside.’’ 
The Greensborough centre has already seen the completion of a $50 million aquatic centre and several commercial/retail projects, while development plans in the pipeline include approved mixed-use projects in Main Street of up to seven levels. 
Public transport such as Greensborough Railway Station and bus services were within easy distance.
"This was the perfect retail investment and land banking opportunity in one of Melbourne's most active retail hot-spots and the price reflected that,’’ Radisich said.
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