Lewis Land's latest apartment release within its <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan is targeting one of the Gold Coast's fastest-growing buyer groups, with almost a third of apartments at Solis priced below $1 million.

The seven-storey building at Biggera Waters will comprise 91 apartments, including 24 one-bedroom residences starting from $778,000, a price point Lewis Land says is aimed squarely at first home buyers struggling to enter the Gold Coast market.

<img alt="Harbour Shires" data-entity-type="file" data-entity-uuid="e7486e37-22f6-4c92-b212-9b0622070b8f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.34%E2%80%AFAM.png?VersionId=W8MJwJUCf6HkIyl_EVSksnd.QI6MZryY" />

<a href="https://www.apartments.com.au/developers/lewis-land-group">Lewis Land</a> Head of Development Michael Long said the developer deliberately allocated a significant proportion of the project to more affordable apartment types.

"First home buyers have been priced out of many parts of the Gold Coast, and we saw a clear opportunity to address this and play our part in a longer-term housing solution," Long said.

"That's why 24 of the 91 apartments being delivered at Solis have been designed and priced for the city's next generation of homeowners, quality one-bedroom apartments, half of which include an additional multipurpose room to maximise space and flexibility.

"This approach places 30 per cent of apartments in Solis under $1 million, and with close proximity to Harbour Town's future light rail extension connecting residents to the city's major employment and knowledge hubs, it's a win for buyers looking to secure their first property."

<img alt="Sores" data-entity-type="file" data-entity-uuid="550526d3-73ba-4710-9739-c5f4294a30ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.29%E2%80%AFAM.png?VersionId=cQQdXHt9wS0UXwZEm5Py5bH_3kAmzyhu" />

Designed by BDA Architecture, Solis will deliver a mix of one, two and three-bedroom apartments, with residences ranging up to 232 sqm. Apartments feature generous balconies and contemporary finishes, while residents will have access to Harbour Shores' lagoon pool, clubhouse, tennis court, gym, yoga studio and sauna.

The focus on first home buyers resonated with purchaser Holly Humphreys, who said she and her boyfriend spent more than a year searching for their first property before shifting their attention from houses to apartments.

"We fell in love with the first house we bid on and got our hopes up, but after repeated knockbacks we learned not to get too attached," Humphreys said.

"We offered at the high end of price guides, but sales kept going even higher. That's where we really struggled and we needed to re-evaluate our budget and our expectations. Standalone houses were off the table, and we pivoted to apartments and townhouses."

Humphreys said it was encouraging to see developers recognising the growing demand from first home buyers.

"There's a growing number of young buyers looking to enter the market earlier because they understand that getting in now can make a real difference as prices continue to rise," she said.

"It's fantastic to see a developer recognise this and then actively take measures to deliver an apartment with us in mind."

Solis is the first development planned within the second stage of the Harbour Shores masterplan, with early works expected to commence in September 2026.

[smartcode_project_cta:default project_id=113271]

Joel Robinson

Lewis Land targets first home buyers at latest Harbour Shores release, Solis

Luxury apartment developer Abadeen has recorded $19.25 million in apartment sales across two of its Lower North Shore developments in the lead-up to the end of the financial year, headlined by the sale of a $6.75 million penthouse at <a href="https://www.apartments.com.au/buildings/koyo-crows-nest-5-rodborough-avenue-crows-nest-nsw-2065">KOYO in Crows Nest.</a>

The transactions also included the sale of a newly completed three-bedroom apartment at <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences in Cremorne</a> for $6.35 million, with the residence selling shortly after the project's first public inspections following completion.

The sales come as completed, owner-occupier-focused apartments continue to attract strong demand across Sydney's Lower North Shore, particularly from buyers looking for certainty and immediate occupancy.

The penthouse at KOYO spans 491 sqm across a single level and was designed by architect Koichi Takada. The development is one of Abadeen's flagship boutique projects in Crows Nest.

[smartcode_project:default project_id=108800 project_image_fid=370093]

Abadeen Executive Chairman and Founder Justin Brown said buyer activity lifted noticeably in the lead-up to the end of the financial year.

"We saw a clear increase in enquiry levels, inspection numbers and buyer engagement across our completed projects leading into the end of the financial year," Brown said.

"Buyers have become far more decisive over the past six months. The combination of improving confidence, limited supply and the ability to physically inspect completed residences is creating strong competition for premium apartments in the best locations."

Brown says the&nbsp;response to Park Residences following completion has been particularly strong.

"Buyers want certainty and are responding positively to the opportunity to walk through a finished product, inspect the quality firsthand and move in immediately," Brown suggested.

"Projects such as Park Residences and KOYO demonstrate that when the product is exceptional and the location is irreplaceable, buyers are prepared to act quickly."

[smartcode_project:default project_id=114246 project_image_fid=370116]

Abadeen CEO Joe Tack said quality continued to differentiate projects in the current market.

"Today's buyers are incredibly discerning," Tack said.

"They are seeking larger floorplans, premium finishes, walkability, lifestyle amenity and confidence in the developer delivering the project. Well-designed boutique developments continue to outperform because they offer something genuinely difficult to replace.

"The enquiry we are seeing across our completed and recently completed Lower North Shore portfolio is very encouraging, and we expect this momentum to continue into spring."

The sales follow increased enquiry across Abadeen's Lower North Shore portfolio which also includes <a href="https://www.apartments.com.au/buildings/northcote-collective-naremburn-2-northcote-street-naremburn-nsw-2065">Northcote Collective in Naremburn</a> which also completed recently.

KOYO penthouse headlines Abadeen's $19.25 million EOFY sales flurry

The City of Sydney has approved plans for <a href="https://www.apartments.com.au/developers/billbergia">Billbergia Group</a> and Metrics Credit Partners’ $3.5 billion Castlereagh Place project in the heart of the Sydney CBD

The towers will be among the tallest in <a href="https://www.apartments.com.au/developments/sydney-nsw-2000">Sydney</a>'s CBD, with more floors than any other residential tower in the city.&nbsp;

The 6,000 sqm site was acquired by the joint venture partners in 2024. It is the largest amalgamated land parcel in the Sydney CBD and comprises eight individual sites fronting Castlereagh, Pitt and Liverpool Streets.&nbsp;

<a href="https://www.apartments.com.au/new-apartments/castlereagh-place-sydney-324-348-pitt-street-sydney-nsw-2000">Castlereagh Place</a> will transform an underutilised city block into a landmark mixed-use destination, anchored by two 82-storey towers comprising 607 luxury residences above an 8-level podium housing a 209-room luxury hotel. A 1,000 square metre civic park on ground level features a curated mix of food, beverage and retail.

The plans have been refined over the past year to rebalance the residential and hotel offering, and reconfigure the retail footprint to create a stronger, more dynamic dining experience.

A three-level flagship building on the prominent corner of Pitt and Liverpool Streets will be the gateway to the Castlereagh Place lifestyle precinct. Set to become a Sydney icon, the building is capable of housing multiple hospitality venues.

“Castlereagh Place is designed to be the City's next great urban oasis - an energetic mixed-use precinct that pulses with life, day and night,"&nbsp;said Joseph Kinsella, Group Director of Billbergia.

"It will bring the vibrancy of places like Barangaroo and Darling Quarter into a more accessible, central destination at the very heart of Sydney."

Kinsella said the project will build on&nbsp;Sydney’s growing laneway culture with the City’s largest network of new activated lanes - an expanded, next-generation take on precincts like Angel Place, Palings Lane and Ash Street in Wynyard.

[smartcode_project:default project_id=134477 project_image_fid=374401]

Castlereagh Place has been designed by architects <a href="https://www.apartments.com.au/architects/fjc-studio">fjcstudio</a> in collaboration with Trias Studio, Aileen Sage and Polly Harbison Design, joint winners of an international design competition in 2018.&nbsp;

Signature design elements from the original scheme remain unchanged, while the public domain has been significantly enhanced, delivering 60 per cent more open-to-sky space.

Pedestrian access will also be enhanced through new laneways linking Pitt, Liverpool and Castlereagh Streets, drawing people into a new civic park with outdoor seating, landscaping and integrated public art.

With activated laneways supported by strong hospitality offerings, Castlereagh Place is tipped to become a vibrant new dining destination in the heart of Sydney’s CBD.

It marks the largest undertaking to date for the Billbergia and Metrics Credit Partners partnership. Together they are developing other underutilised Sydney sites into mixed-use precincts, including the $2.2 billion Concord Central and the $1.3 billion Chatswood Grand Residences.

Metrics Managing Partner and Group CEO Andrew Lockhart said Castlereagh Place is a landmark project that will redefine Sydney’s skyline.

"As the tallest residential high-rise development, the revitalised site will offer panoramic views across the CBD and surrounds. We are excited to partner with Billbergia to reinvigorate an underutilised site and create a sophisticated and contemporary mixed-use offering situated in the heart of Sydney.”

Total apartments within the towers have increased to 607 dwellings, with a focus on larger floorplans. Aligned to growing market demand, Castlereagh Place now comprises 299 three-plus-bedroom apartments, 198 two-bedroom units and 110 one-bedroom configurations.

[smartcode_project:default project_id=134477 project_image_fid=374402]

Resident amenities will include an exclusive residents club containing a gym, rooftop pool, dining rooms, co-working spaces, library, golf simulator, games room, cinema room, and access to an exclusive concierge service. There will be around 500 basement car spaces below the towers.

The development will also include a state-of-the-art wellness centre, set to feature a bathhouse with magnesium pools, hot/cold plunge pools and premium amenities.

&nbsp;

According to fjcstudio, the towers will feature distinctive yet elegant architectural design reflecting Sydney’s geometry and urban character, with a network of through-site links and intimate public spaces activating the streetscape.

"Castlereagh Place is a city-making project of significant scale and ambition," said Richard Francis-Jones, Design Director at fjcstudio.

"It will create a rich urban complex of public open spaces, landscaped gardens, and vibrant laneways. Defining these new public spaces and the important streetscape of Castlereagh Street is a sequence of fine-grained, diverse retail and hotel architecture designed in collaboration with Aileen Sage, Polly Harbison Design and Trias.

“Rising above the tree-lined, human-scale streetscape are two slender residential towers that will transform the city skyline and look towards the Harbour, Hyde Park, and the Royal Botanic Garden.”

Demolition and early construction works have commenced onsite at Castlereagh Place.

[smartcode_project_cta:default project_id=134477]

Billbergia, Metrics, approved for $3.5 billion Sydney skyscrapers

International developer&nbsp;<a href="https://www.apartments.com.au/developers/spg-land">SPG Land</a> is preparing to re-launch its long-awaited $1.5 billion <a href="https://www.apartments.com.au/new-apartments/paradiso-place-surfers-paradise-103-ferny-avenue-surfers-paradise-qld-4217">Paradiso Place</a> development at Budds Beach, bringing a new price point to the Surfers Paradise apartment market.

The developer will release one-bedroom apartments from $825,000 and two-bedroom apartments from $1.24 million in the three-tower development.

According to Urbis, the starting price for the two-bedroom apartments is more than $400,000 below the weighted average sale price for comparable two-bedroom apartments in Surfers Paradise during 2025, which was pinned at $1.7 million.

&nbsp;

Urbis reported quarterly average sale prices for new two-bedroom, two-bathroom apartments ranged from around $1.2 million to $1.7 million throughout 2025, peaking in the December quarter.

[smartcode_project:default project_id=106566 project_image_fid=185853]

Paradiso Place is now moving into its formal sales campaign, with a limited early-release opportunity available ahead of the public launch.

The development will comprise 845 apartments across three towers rising 40, 41 and 44 storeys from a 1.15-hectare site spanning an entire city block. The towers will sit above a new retail precinct.

"Paradiso Place represents a rare opportunity in today's market, offering premium apartments at a price point that is significantly more competitive than anything else currently available," SPG Land Sales Director Brad McMahon said.

"When you look at comparable new developments across Surfers Paradise, Main Beach and the Southern Beaches precinct, buyers are typically paying hundreds of thousands more for a similar product.

"The scale of this project and the developer-builder construction model allows us to unlock efficiencies that smaller developments simply cannot achieve. We are passing those benefits directly to buyers, while still delivering a five-star residential experience with an unmatched lifestyle."

[smartcode_project:default project_id=106566 project_image_fid=374280]

Each of the three towers designed by Rothelowman will have its own podium, connected by an elevated skybridge network to create a beachside village for residents. The resident amenity has been designed to rival a five-star hotel, with private dining rooms, resident lounges and entertainment spaces.

McMahon said the pricing strategy was a deliberate response to the current market.

"What Paradiso Place offers is a unique balance, genuine value within a premium market. Buyers are not compromising on quality, design or amenity, they are gaining access to it at a more competitive price point at a time when prices across the Gold Coast continue to reach new highs."

[smartcode_project:default project_id=106566 project_image_fid=362498]

Located around 100 metres from the beach and within walking distance of the Surfers Paradise North light rail station, Paradiso Place occupies one of the Gold Coast's most tightly held beachfront precincts.

Construction is continuing to progress, with eight of the project's 112 foundation piles now complete. Excavation has also commenced on the first diaphragm wall panel, with the first concrete poured on 15 June, marking a key milestone in the project's early works program.

[smartcode_project_cta:default project_id=106566]

SPG Land launches $1.5 billion Paradiso Place at attractive price point

Luxury developer-builder <a href="https://www.apartments.com.au/developers/lowe-living">Lowe Living</a> has achieved a new Victorian benchmark for an off-the-plan apartment, with the sale of two penthouses at its ultra-exclusive Maison Savoy development in Brighton.

The two penthouses achieved a combined sale rate of $49,926 per sqm. Both transactions eclipsed the previous identified Victorian off-the-plan price-per-square-metre benchmark, set by the 449 sqm apartment at Como Toorak, which sold at $46,659 per sqm.

[smartcode_project:default project_id=140818 project_image_fid=366473]

<a href="https://www.apartments.com.au/new-apartments/maison-savoy-brighton-150-esplanade-brighton-vic-3186">Maison Savoy</a>, Lowe Living's redevelopment of the former Brighton Savoy Hotel on absolute beachfront land at 150 The Esplanade, Brighton, has gained significant momentum since launching just eight weeks ago. Around 30 per cent of the project's 19 residences have already been secured, generating approximately $45 million in sales.

"Securing two of the three penthouse sales at this stage, within eight weeks of launching to market speaks to the confidence our clients place in Lowe Living," Lowe Living co-founder Emma Lowe said.

"They know we'll be with them through every stage of the journey, and that assurance is something we've worked hard to earn and never take for granted."

[smartcode_project:default project_id=140818 project_image_fid=366474]

Lowe said Maison Savoy was conceived as a genuine alternative to a prestige Brighton home, combining house-scale proportions with the convenience, security and lock-up-and-leave appeal of apartment living.

Lowe Living co-founder Tim Lowe said the early sales success demonstrated the resilience of Melbourne's prestige market and highlighted the growing demand for house-sized apartments among ultra-high-net-worth buyers.

"The Melbourne market has definitely been tested in recent years, with interest rates and global economic factors all creating a period of uncertainty across the real estate sector. The sales success at Maison Savoy however demonstrates that confidence remains exceptionally strong at the top end of the market.

"The prestige market is being driven by long-term lifestyle decisions rather than short-term market sentiment, which continues to create a level of certainty that befits an absolute beachfront property in a blue-chip location like Brighton.

"Brighton's fundamentals remain among the strongest in Melbourne, with limited new supply, enduring demand from an overwhelmingly local owner-occupier market, and a rare combination of beachfront amenity and proximity to the CBD."

[smartcode_project:default project_id=140818 project_image_fid=374378]

According to Cotality, Brighton remains one of Melbourne's most tightly held prestige suburbs, with an average ownership tenure of 15.3 years for houses and 12.3 years for units, while more than 73 per cent of homes are owner-occupied.

Tim Lowe said selling two of the project's three penthouses so early in the campaign was an uncommon result.

"This sales result is a reflection of quality and understanding the local market. It's incredibly rare to transact the penthouses so early in a sales campaign in any project so to have sold two of the three penthouses at Maison Savoy so soon after launch, all in-house without any external sales agency appointed, is reflective of our careful consideration of our buyers' needs and lifestyle.

"This is knowledge that is accumulated not just from data and demographic analysis, but via a deeply embedded understanding of how this type of buyer wants to live and feel in their home. We pride ourselves on getting to know our clients personally, and over the last 10 years we have been able to refine our product offering by talking one-on-one with our clients about their design and floorplan preferences.

"Being a fully integrated developer-builder with an in-house design and sales team allows us to lead every part of the process and ensure the highest quality of product and service at every touchpoint. It's a really important part of our DNA and the recent sales success at Maison Savoy indicates that our clients and purchasers are resonating with this point of difference.

"It reinforces that demand remains strong for thoughtfully designed residences that offer rarity, lifestyle and long-term value in tightly held locations, which ultimately validates Maison Savoy's positioning as creating a new benchmark for house-scale, wellness-led apartment living on Brighton's beachfront."

&nbsp;

[smartcode_project:default project_id=140818 project_image_fid=366480]

The residences at Maison Savoy start from 295 sqm, with most enjoying uninterrupted views across Port Phillip Bay. The project sits moments from the Brighton Bathing Boxes, Royal Brighton Yacht Club, Middle Brighton Baths and Church Street's retail and dining precinct.

A key feature of the development is its private residents-only bathhouse, curated by the founder of Aurora Spa &amp; Bathhouse and modelled on traditional European bathing rituals and the award-winning Sorrento bathhouse.

The wellness offering includes a hydrotherapy pool, salt room, sauna, steam room, cold plunge pool, foot activation zone and a Vichy rainfall bed, one of only a handful in Australia. Residents will also have access to a Technogym studio, lounge spaces and a dedicated concierge service offering everything from morning coffee delivery and restaurant bookings to dry cleaning and home coordination.

"Wellness-led design has become a defining factor for luxury buyers," Emma Lowe said.

"Purchasers increasingly value homes that enhance wellbeing through thoughtful design, private amenity, privacy and liveability."

The penthouse purchasers are now undertaking a bespoke customisation process curated personally by architect Pete Kennon and the Lowe Living team, one of the developer's signature service offerings.

Construction on the $160 million transformation of the former Brighton Savoy Hotel site commenced last month, with completion expected in early 2028. The project has secured funding from NAB alongside development partner Monark.

Just one penthouse remains available, along with a limited number of two and three-bedroom residences starting from $3.75 million.

Lowe Living currently has eight projects on the market across Melbourne and recently celebrated its 10th anniversary, having grown a $1 billion development pipeline alongside a $350 million construction pipeline.

&nbsp;

[smartcode_project_cta:default project_id=140818]

Lowe Living set new Melbourne off the plan apartment record

Melbourne off the plan apartments

<a href="/developers/monolith-projects">Monolith Projects</a> has officially appointed Sinjen as the builder for their highly anticipated Sculpt apartment development in Hawthorn, marking a significant milestone with construction set to commence soon.&nbsp;

<a href="/new-apartments/sculpt-hawthorn-43-riversdale-road-hawthorn-vic-3122">Sculpt</a>, located on Riversdale Road, stands out as a unique offering in <a href="/developments/hawthorn-vic-3122">Hawthorn</a>'s tight off the plan apartment market, being the only development currently available in the area.

Sculpt, designed in collaboration with the renowned <a href="/interior-designers/mim-design">Mim Design</a>, <a href="/architects/parallel-workshop-architecture">Parallel Workshop</a>, and landscape architect <a href="/landscape-architect/jack-merlo">Jack Merlo</a>, will comprise 18 two, three, and four-bedroom apartments.&nbsp;

[smartcode_project:default project_id=144271 project_image_fid=279494]

The architectural design of the low-rise building is characterised by its curved, sculptural form, with a palette of neutral brick and bronze detailing that seamlessly integrates with the surrounding streetscape.&nbsp;

The development draws inspiration from the natural beauty and heritage of Hawthorn, incorporating artistic elements that aim to blend luxury with nature.

[smartcode_project:default project_id=144271 project_image_fid=279489]

The interior design, led by Mim Design, emphasises spaciousness and refinement, with materials such as marble, timber, and bronze accents used throughout.&nbsp;

The apartments are fitted with high-end fixtures and premium Miele appliances, while open-plan living spaces are enhanced by floor-to-ceiling windows that allow natural light to flood in.&nbsp;

Residents will enjoy features such as bespoke integrated bars, electric fireplaces, and expansive terraces with lush landscaping designed by Jack Merlo.

[smartcode_project:default project_id=144271 project_image_fid=279497]

Sustainability is a core principle of Sculpt's design, with passive features integrated to optimise natural heating and cooling.&nbsp;

A 10 kW rooftop solar PV system, electric vehicle charging infrastructure, and an in-ground rainwater tank are among the environmentally conscious features that align with the project’s commitment to reducing its carbon footprint.

Sculpt’s location at 43 Riversdale Road offers residents convenient access to Hawthorn’s amenities like the retail strip of Glenferrie Road, just a short walk away.&nbsp;

Jellis Craig Projects Director Stephen Bowtell is marketing Sculpt.

[smartcode_project_cta:default project_id=144271]

Sculpt’s location at 43 Riversdale Road offers residents convenient access to Hawthorn’s amenities like the retail strip of Glenferrie Road, just a short walk away.

Monolith Projects appoint Sinjen to build Sculpt Hawthorn apartments

<a href="/developers/sma-projects">SMA Projects</a> is bringing a piece of Fitzroy's storied past back to life with The Regent, a new apartment development that reimagines the former site of the iconic Regent Theatre.&nbsp;

Once a place where Melbourne's residents gathered to be swept away by the glamour of the silver screen, the theatre's legacy now lives on in a new form—this time as a collection of apartments designed by award-winning architectural practice <a href="/architects/hayball">Hayball</a>.

<a href="/new-apartments/the-regent-fitzroy-340-fitzroy-street-fitzroy-vic-3065">The Regent</a>&nbsp;will comprise 64 one, two, and three-bedroom apartments starting from $725,000.

[smartcode_project:default project_id=24824 project_image_fid=304611]

The architecture and interiors of the building reintroduce elements of glamour that nod to the Regent Theatre’s former grandeur.

From the arched ceilings and art deco details of the foyer to the rooftop terrace with views of the city, every detail of the building reflects a blend of old and new, allowing The Regent to contribute to the rich history of its location.

Each apartment is available in two distinct design options by Studio Tate, offering buyers a choice between the light, Nordic-inspired Classic Collection and the richer, darker Arthouse Collection.

Among its amenities, The Regent offers a 315 sqm rooftop terrace with barbeque facilities and dining areas with panoramic views of Fitzroy and the city skyline.

A unique offering is a guest suite that can be booked by residents for their friends and family. There's&nbsp;also a workshop space and a dog wash for the pet-friendly building.

[smartcode_project:default project_id=24824 project_image_fid=304613]

The strategic location on the corner of&nbsp;<a href="/developments/fitzroy-vic-3065">Fitzroy</a>&nbsp;and Johnston Street will put residents within walking distance of an abundance of&nbsp;cafes, bars, restaurants and parks, as well as transport connections on the adjacent Brunswick and Nicholson Streets.

[smartcode_project_cta:default project_id=24824]

The architecture and interiors of the building reintroduce elements of glamour that nod to the Regent Theatre’s former grandeur

SMA bring back The Regent Theatre heritage in Fitzroy with latest apartment development

Maleela Rise, a Bawlyn apartment development that counts billionaire James Packer as one of its interested parties, has been approved.

Packer's name features in a long list of company directorships that tie him to a <a href="/new-apartments/maleela-rise-balwyn-23-maleela-street-balwyn">new $32 million apartment development</a> in one of Melbourne's leafiest suburbs, a suburb where new apartment developments are a dime a dozen.

A tangled web of investors shows Packer's Consolidated Press International Holdings Limited investment vehicle as the ultimate holding company for Sharland Holdings, which shows an interest in the entity NPG MALEELA PTY LTD, the name on the development application.

The project will be developed by Chapter Group, with the Lefkos family name in the directorships of the main company, in a joint venture with&nbsp;Gersh Investment Partners.

The VCAT approval, secured in 10 days, paves the way for a three-level, Cera Stribley-designed building on a prime&nbsp;3,862 sqm site at 23 Maleela Avenue, just set back from Whitehorse Road between Balwyn and Deepdene.

The design, submitted to the Boroondara Council, aims to reflect the character of Balwyn, a suburb known for its architectural diversity.&nbsp;

The building will include two and three-bedroom apartments, with 18 different floorplans across the 31 residences.&nbsp;

The two-bedroom apartments will range in size from 114 sqm to 140 sqm, while the three-bedroom apartments start at 150 sqm.&nbsp;

At the top end, three penthouses will span between 310 sqm and 361 sqm, each featuring three master suite bedrooms and two living rooms.

Cera Stribley Architects stated that the design takes inspiration from the surrounding area, referencing Balwyn's eclectic mix of architectural styles, including Georgian Revival, Moderne, and Tudor Revival homes.&nbsp;

The articulation of the building will respond directly to the adjacent residential architecture, with the southern portion of the building grounded on the highest point of the site and horizontal planes flowing northward.&nbsp;

Landscaping by Jack Merlo will further integrate the development with its surroundings.

The development reflects the growing demand for diverse housing in established premium suburbs like Balwyn, which has seen an influx of new and emerging apartment projects.&nbsp;

The development aims to offer a range of housing options, particularly for families seeking access to this coveted area.&nbsp;

The project continues Chapter Group’s recent successes, including their <a href="/news/vic/confidence-in-melbournes-off-the-plan-apartment-market-soars-with-record-10-million-fitzroy-sale">record-setting sale of a penthouse</a> in Fitzroy for over $10 million.

First look: Balwyn apartment development with links to billionaire James Packer approved

Kooyong doesn't often get many new apartment developments.

The last launch in <a href="/developments/kooyong-vic-3144">the affluent suburb</a> was in 2022 when <a href="/buildings/mansard-kooyong-709-713-toorak-road-kooyong">Mansard</a>, the development of 16 apartments inspired by French architecture, hit the market. Now that's approaching completion mid next year, there is set to be a new choice for off the plan buyers.

The new development, submitted to the Stonnington Council this week, will be smaller, just nine apartments across a four-level buuilding designed by the busy Cera Strbiley at 449 Glenferrie Road.

The building will replace an existing two-level block of flats and outbuildings.

<img alt="449 Glenferrie Rd, Kooyong VIC 3144" data-entity-type="file" data-entity-uuid="6e5949a7-4525-4de4-a8f3-3813ba134a9f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/449%20Glenferrie%20Rd%2C%20Kooyong%20VIC%203144.png?VersionId=0jc6Jkxh2Hiz8cU1IbVywI7TRzKihTJL" />

Proposed is a mix of three two-bedroom apartments, four three-bedrooms, and two four-bedroom units.&nbsp;The mix is intended to address the high demand for two and three-bedroom apartments in Kooyong, particularly among buyers seeking housing options beyond the prevalent low-rise and single-residential houses in the area.

In response to feedback from the local council, several modifications have been made to the initial design.&nbsp;

The brick façade has been extended into the mansard roof to reduce the perceived bulk of the roof level and to enhance the building's recession from the street. The height and width of the roof dormers have been reduced to minimise their visual impact.&nbsp;

The pedestrian entry now includes an arbour structure to improve the sense of address and a similar structure has been added over the vehicle basement entrance to enhance the visual appeal of the northern façade.

To address privacy concerns, south and west-facing windows have been modified with 1,200mm fluted glass to prevent overlooking neighbouring properties.&nbsp;<img alt="449 Glenferrie Rd, Kooyong" data-entity-type="file" data-entity-uuid="1269fc3a-67c6-47a9-a7cf-976f3ae13d16" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/449%20Glenferrie%20Rd%2C%20Kooyong.png?VersionId=MRKiPCCsFeZ6qgpYGfhvrlt_U0QEzXKJ" />

Landscaping plans have been adjusted by realigning tree planting in the southwest corner to avoid interference with existing drainage infrastructure.

The site is situated in an established residential area with convenient access to a range of services and facilities. Kooyong Train Station is located 450 metres away, providing easy public transport options.&nbsp;

Educational institutions such as Scotch College and Auburn South Primary School are within proximity, as are recreational facilities like Kooyong Gardens and the Kooyong Tennis Centre.&nbsp;

Nearby shopping options include Woolworths Toorak and Woolworths Hawthorn East.

<img alt="​​​​ 449 Glenferrie Rd Kooyong DA" data-entity-type="file" data-entity-uuid="7bcd4632-8a35-4f9a-b296-011ba11f0156" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/449%20Glenferrie%20Rd%20Kooyong.png?VersionId=BJfZaVgFrGYXv4ZJ2uk2z_rHodHDZxvz" />

Architectural firm Cera Stribley emphasised in the support documents that the development seeks to meet the demographic needs of the area by offering housing options that are currently in high demand.&nbsp;

The project's design focuses on integrating with the adjacent parkland, featuring floor-to-ceiling windows to frame views of the surrounding greenery.&nbsp;

The building's exterior includes a marble shroud around the windows and metal finishes, aiming for a contemporary aesthetic that complements the natural environment.

The apartment mix is intended to address the high demand for two and three-bedroom apartments in Kooyong

First look: Boutique apartment development set for Kooyong

Is now the best time to purchase an off the plan apartment?

Recent data released from CBRE suggests new apartments are set to get more expensive, with CBRE forecasting prices could jump by as much as 20 per cent by the end of 2026.

CBRE is forecasting build prices are forecast to grow 23 per cent by 2026, as supply tightens to around 45 per cent below pre-pandemic completion rates over the next five years.

CBRE’s Pacific Head of Research Sameer Chopra said newly built apartments are commanding a premium price compared to older stock.&nbsp;

“These premiums are justified by changing consumer expectations around amenities, like building security, lift access, flooring to rooftop gardens and gyms, which typically come with newer builds,” Chopra said.

New one-bedroom apartments are delivering a 16 per cent premium compared to older apartments, new two-bedroom apartments are at a 30 per cent premium, and it’s 45 per cent increase for newly built three-bedroom apartments.&nbsp;

Urban.com.au CEO, Mike Bird, says we are seeing the gap between off the plan and established units continue to grow.

"Historically there hasn't been much backwards movement in the cost structure that drives new apartment pricing, so that suggests the only way the market can unlock the supply is by the price of established growing through increase lending capacity driven by the upcoming rate cut cycle."

<img alt="Premium for new build apartments" data-entity-type="file" data-entity-uuid="65399013-dea0-4b8c-b2a3-180126e3701d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Chart%20-%20premium%20for%20new%20built%20apartments.jpg?VersionId=6oTGh4Z4BAskXgYCJa1jRWZ7_Zu1ip64" />

The report forecasts rents will grow by 25 per cent ($170 per week) between 2024 and 2029 across 59 suburbs in Australian capital cities. By 2029 it’s predicted the rent for a two-bedroom apartment will exceed $600 per week across 90 per cent of precincts.

<h2>The Supply Factor</h2>

CBRE’s Apartment Vacancy and Rent Outlook 2H 2024 estimates over the next 10 years, demand for housing is expected to benefit from a combination of population growth (+3.9 million), employment growth (+2.6 million) and rising income (+$36,000).

In terms of supply, delivery of new apartments is expected to be around 50,000 per year from 2025 to 2029, but population growth is expected to require an apartment supply of approximately 75,000 per year to avoid further falls in vacancy.&nbsp;

In Sydney, apartment delivery is expected to average 12,100 per year from 2025 to 2029, well below the 30,000 average demand for housing stock per year. In the next three years, city-wide vacancy is expected to fall from 2.2 per cent to 1.5 per cent.

Apartment delivery in Melbourne is expected to average 8,700 per annum over 2025-2029, nearly 35 per cent below Sydney, however demand for housing stock is likely to average 37,000 per year over the next five years. The supply and demand inbalance should continue to drive down city-wide vacancy rates from 1.8 per cent to 1.4 per cent, CBRE suggests.

Brisbane's demand for housing stock is likely to average 18,000 per year, but apartment delivery is only expected to be 4,200 per year which should drive vacancy rates from 1.5 per cent to 0.9 per cent.

<h2>The Demand Factor</h2>

CBRE's Q3 2024 Residential Valuer Insights revealed that 43 per cent expect apartment value growth over the next 12 months, with the highest conviction in Perth and Brisbane metro.

<img alt="Demand" data-entity-type="file" data-entity-uuid="87b363ed-083e-468e-968b-5970e70a9fb4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-10%20at%209.51.23%E2%80%AFAM.png?VersionId=RUJC0rPMEnFYZ2U7USz83Uh.6k9hqAPq" />

CBRE's forecast suggest 60 per cent of new supply purchases will be from owner-occupiers. Over the past 25 years, the demographic has comprised 64 per cent of all purchases.

They say that of the investor market, they see a growing share moving across to institutional build-to-rent sector, which will comprises around 22 per cent of new apartment supply, or 11,000 per year, by 2029.

Urban.com.au CEO, Mike Bird, says we are seeing the gap between off the plan and established units continue to grow, but a the rate cut cycle will change that


New apartment prices could jump 20 per cent by 2026 as supply forecasts tighten - is now the time to invest off the plan?

Local downsizers are approaching settlement stage at the soon-to-be-completed luxury Toorak apartment development, ADA Toorak by&nbsp;<a href="/developers/buxton-projects">Buxton Projects</a>.

Construction firm Manresa is finalizing the build of the 22 three-bedroom apartments, with buyers expected to be moving in before Christmas.

Located at 1093-1099 Malvern Road, the $22 million ADA Toorak is one of few apartment buildings designed by Conrad Architects, led by sought-after architect Paul Conrad.

Conrad has created some of the best homes in the&nbsp;<a href="/developments/toorak-vic-3142">Toorak</a>&nbsp;and wider Stonnington area, while also carrying an enviable workbook overseas. He's designed mansions in Los Angeles and New York, while also lending his interior eye to the Dubai Hotel.

[smartcode_project:default project_id=92806 project_image_fid=175567]

The architecture of ADA Toorak features a modest, contemporary design, and sits in landscaping planned by Jack Merlo to include private botanical terraces and courtyards, ensuring that each apartment benefits from green surroundings.

The apartments at ADA Toorak are certainly "house-sized", with floorplans ranging from 183 sqm to 289 sqm.

Each residence is designed with expansive living areas, featuring floor-to-ceiling double-glazed windows and doors that maximize natural light.&nbsp;

High-end finishes such as travertine stone and limestone are used throughout, and the kitchens are equipped with Miele and Barazza appliances, including a butler's pantry for added convenience.&nbsp;

&nbsp;

[smartcode_project:default project_id=92806 project_image_fid=175568]

Ground-floor apartments will feature large outdoor living spaces, some as large as 205 sqm, complete with built-in barbecues, offering ample space for outdoor entertainment.&nbsp;

The apartments on higher levels will have private terraces, maintaining a strong connection to the outdoors.

The carefully designed landscape includes the retention of existing trees, as well as new plantings of Pin Oaks, shrubs, and hedges to ensure privacy and blend with the surrounding streetscape.

Situated in one of Melbourne’s most prestigious suburbs, <a href="/buildings/ada-toorak-1093-1099-malvern-road-toorak">ADA Toorak</a> places residents within walking distance of High Street and Glenferrie Road, providing easy access to a range of shopping, dining, and entertainment options.

[smartcode_project_cta:default project_id=92806]

Situated in one of Melbourne’s most prestigious suburbs, ADA Toorak places residents within walking distance of High Street and Glenferrie Road, providing easy access to a range of shopping, dining, and entertainment options

ADA Toorak apartments approach completion

Sunkin Property Group has revealed the next phase of its game-changing Highett community, Highett Common, following the success of the first two stages of the net-zero masterplan.

Currently building Highett Common's stage one and two, the former of which is 85 per cent sold, Sunkin is set to launch The Mews Collection, a trio of buildings with 185 one, two and three-bedroom apartments.

[smartcode_project:default project_id=108019 project_image_fid=300057]

The apartments will feature&nbsp;floor-to-ceiling glazed windows, to take advantage of the views of the surrounding parklands, as well as all-electric kitchens with stone surfaces, Bosch appliances, and induction cooktops.

Several apartments in the collection feature wrap-around terraces.

[smartcode_project:default project_id=108019 project_image_fid=300054]

The Mews Collection also includes the first luxury apartments within the precinct.

The 12 apartments, dubbed the Luxury Collection are a step up in design, with&nbsp;Gaggenau appliances, herringbone timber flooring, marble benchtops, and advanced home automation systems that are integrated with the Highett Common Connect app.&nbsp;

Buyers in the Luxury Collection will also receive a $12,000 styling&nbsp;consultation from <a href="/interior-designers/coco-republic-interior-design">Coco Republic</a> to further customise their interiors.

[smartcode_project:default project_id=108019 project_image_fid=300048]

The Mews Collection also introduces the first neighbourhood facilities that will be accessible to the wider Highett community.

There will be a new two-level public library, part of the Bayside Community Facility, which will have study areas, rooms for community classes and meetings, and an adjacent café.&nbsp;

The Northern Residents’ Amenity is part of the Mews Collection stage and will comprise&nbsp;a lap&nbsp;indoor pool, a gym with a wellness area, and a bookable private dining room.

The Southern Residents’ Amenity will bring another gym with green views, an outdoor swimming pool, wellness hubs and a cinema.

[smartcode_project:default project_id=108019 project_image_fid=300074]

<a href="/new-apartments/highett-common-37-graham-road-highett-vic-3190">Highett Common</a> is part of an ambitious project to create Victoria’s first medium-density, net-zero community, located on a 9.3-hectare site in the heart of Highett, ideally position to take advantage of Highett Road's lively bar and restaurant scene. Future residents will also be in close proximity to Sandringham Beach, Highett Shopping Centre and Highett Train Station.

SK Construction has already been appointed to deliver the whole project, which will be home over 1,000 apartments and townhouses when complete in 2029.

[smartcode_project_cta:default project_id=108019]

The Mews Collection also includes the first luxury apartments within the precinct

Sunkin reveal The Mews Collection, Highett Common's latest release

Melbourne's soft property market continued over September, but there's better news for units than their is for houses.

Unit values did grow, a modest 0.1 per cent in contrast to house values, which declined -0.2 per cent, CoreLogic's Monthly Index showed.

Unit values are however -0.5 per cent down over the September quarter and -1.6 per cent down so far in 2024.

Units generally are performing better than houses across the country, with six of the eight capitals seeing unit values rise by more than house values over the quarter.

The median value of units in Melbourne now sits at $612,000.

<h2>What happened in Melbourne's off the plan apartment market in September</h2>

Confidence is building Melbourne's off the plan apartment market, with September being marked with several exciting developments and project launches from&nbsp;<a href="/developments/hawthorn-vic-3122">Hawthorn</a>&nbsp;and&nbsp;<a href="/developments/south-melbourne-vic-3205">South Melbourne</a>&nbsp;and&nbsp;as far as Safety Beach on the Mornington Peninsula.

Milieu announced it saw a strong response at Elsternwick Gardens, its new garden-centric community on the site of the former ABC Studios in Elsternwick.

Their&nbsp;VIP open saw a huge uptake of apartment reservations, to a broad range of buyers.&nbsp;<a href="/developers/milieu-property" target="">Milieu</a>&nbsp;also had some repeat purchasers attend the opening of the display suite.

[smartcode_project:default project_id=136535 project_image_fid=288414]

<a href="/new-apartments/elsternwick-gardens-by-milieu-8-gordon-street-elsternwick-vic-3185">Elsternwick Gardens</a>&nbsp;has attracted strong interest due to several unrepeatable components, none more obvious than the location of the prime 11,740 sqm site which neighbours the historic Rippon Lea Estate.

Read more:&nbsp;<a href="/news/vic/milieus-elsternwick-gardens-development-gains-momentum-following-successful-vip-launch">Milieu's Elsternwick Gardens development gains momentum following successful VIP launch</a>

In keeping with new nature-focused neighbourhoods, <a href="/developers/hamton">Hamton Property Group</a>&nbsp;secured approval for their latest precinct-style&nbsp;residential project in Hawthorn.&nbsp;

Located on a former University of Melbourne site, the development will feature a new garden community comprising 365 residences across six low-rise buildings.

<img alt="Hamton given green light for $550 million masterplan on former University of Melbourne site in Hawthorn" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-09-17%20at%2011.49.20%E2%80%AFAM.png?VersionId=EqNeBmCmWGGH9ZC.m.hDEWFKAqm7ku44" />

The development includes a mix of apartments and townhouses, along with 5,500 sqm of publicly accessible green space and a new retail village.&nbsp;

The project is set to significantly transform the Hawthorn landscape and is one of the largest to be approved under the Allan government’s accelerated Development Facilitation Program.

Read more: <a href="/news/vic/hamton-given-green-light-for-550-million-masterplan-on-former-university-of-melbourne-site-in-hawthorn">Hamton given green light for $550 million masterplan on former University of Melbourne site in Hawthorn</a>

Golden Age Group also saw their luxury Bayside townhouse development approved, located on the site of the former&nbsp;Xavier Junior School site at 47 South Road, Brighton.

This 3.3-hectare site will be subdivided into 14 individual lots, with plans to deliver 84 new homes.&nbsp;

<img alt="Victorian Planning Minister approves Golden Age townhouse development in Brighton" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-09-02%20at%207.14.13%E2%80%AFPM.png?VersionId=5yrzKwa4OkgQTkTzldccdS_fw7rr.LYP" />

The development is expected to provide much-needed housing in the area, contributing to both economic growth and community development.&nbsp;

<a href="/developers/golden-age-group" target="">Golden Age Group</a>'s director, Damien Hehir, emphasised the importance of this project in the continued expansion of Brighton's housing market.

Read more:&nbsp;<a href="/news/vic/victorian-planning-minister-approves-golden-age-townhouse-development-in-brighton">Victorian Planning Minister approves Golden Age townhouse development in Brighton</a>

There was further movement in Brighton in September as developer&nbsp;<a href="/developers/primeland">Primeland</a>&nbsp;revealed its plans for&nbsp;the former Brighton Savoy Hotel at 150 Esplanade.

The $25 million plans are for a luxury apartment development that will replace the 1900s-built hotel that was first a private residence before becoming a hotel in 1959.

<img alt="First look exclusive: Former Savoy Hotel, Brighton apartment redevelopment revealed" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/150%20Esplanade%20Brighton%20proposal.png?VersionId=IJQdVGfSaap7OybfEXpoM3SWNnJmfMC5" />

The 3,386 sqm corner site at <a href="/new-apartments/savoy-hotel-150-esplanade-brighton">150 Esplanade</a>, opposite the famous beach, had been owned by the Lee family for 55 years before it was acquired by Primeland as part of its growing $1 billion portfolio which includes assets across hotel, residential, and mixed-use sectors.

The plans by Toorak-based Kennon Architects are for two separate three-level buildings with 14 luxury apartments.

Read more:&nbsp;<a href="/news/vic/first-look-exclusive-former-savoy-hotel-brighton-apartment-redevelopment-revealed">First look exclusive: Former Savoy Hotel, Brighton apartment redevelopment revealed</a>

Luxury developments and releases too were timed for September.

Developer <a href="/developers/dcf-property" target="">DCF Property</a> launched First Light, just 30 apartments lcoated in South Melbourne's popular Domain Precinct.

The new tower at 28 Albert Road will be a mixed-use building with luxury apartments sharing the building with an 88-room Nu by YOO Hotel, the brainchild of property entrepreneur John Hitchcox and&nbsp;French industrial architect and designer Philippe Starck.

[smartcode_project:default project_id=2556 project_image_fid=299333]

The collaboration continues in the two ground-floor restaurants. One will be run by acclaimed chef Scott Pickett, from Chancery Lane and Estelle, and the other by restaurateur Jason Lau.

The apartments have been designed by&nbsp;French architect Léo Terrando, whose approach was to blend global design principles with Melbourne's charm, using materials like brushed nickel, charcoal oak and travertine flooring.

Read more:&nbsp;<a href="/news/vic/inside-first-light-south-melbournes-newest-apartment-development-shaped-by-french-architects-and-celebrated-restaurateurs">Inside First Light: South Melbourne's newest apartment development shaped by French architects and celebrated restaurateurs</a>

Penthouse collections were released in two of Melbourne's newest landmark towers.

<a href="/developers/osk-property" target="">OSK Property</a>&nbsp;revealed their&nbsp;Penthouse Collection at <a href="/new-apartments/blvd-at-melbourne-square-19-hoff-boulevard-southbank">BLVD</a>, the latest stage of the massive $3 billion <a href="/buildings/melbourne-square-93-119-kavanagh-street-southbank">Melbourne Square precinct</a> in <a href="/developments/southbank-vic-3006">Southbank</a>.&nbsp;

[smartcode_project:default project_id=107714 project_image_fid=211866]

Designed by renowned interior designer David Hicks, the eight penthouses range from 180 sqm to 471 sqm and start at $4.46 million, with one already sold for $6 million.&nbsp;

Hicks' 'East meets West' design theme merges Eastern minimalism with Western luxury, offering unique, high-end living spaces.

Read more:&nbsp;<a href="/news/vic/luxury-penthouse-collection-by-david-hicks-revealed-at-blvd-southbank">Luxury penthouse collection by David Hicks revealed at BLVD Southbank</a>

R.Corporation also released its penthouses atop&nbsp;<a href="/buildings/r-iconic-south-melbourne-259-normanby-road-south-melbourne">R.Iconic</a> in South Melbourne. We took a tour of the recently completed building, its significant amenities, and the penthouses on offer.

The open-plan penthouse collection flows seamlessly from the kitchen—featuring Gaggenau appliances, a butler’s pantry, and a stunning marble island bench—into a spacious living area that opens up to a generously-sized balcony with expansive views.

[smartcode_project:default project_id=5234 project_image_fid=298022]

Exclusive to sub-penthouses, penthouses, and townhouses is The Horizon Lounge, offers breathtaking bayside views and a communal kitchen for private gatherings.

&nbsp;

Read more:&nbsp;<a href="/news/vic/urbans-video-tour-of-r-iconics-luxury-penthouse-collection-in-south-melbourne">Urban's video tour of R.Iconic's luxury penthouse collection in South Melbourne</a>

A rare opportunity also presented itself down on the Mornington Peninsula with the launch of <a href="/buildings/osprey-safety-beach-15-martha-cove-boulevard-safety-beach-vic-3936">Osprey Safety Beach</a>, and award-winning development by Figurehead Constructions.

Osprey Safety Beach&nbsp;comprises just 18 two and three-bedroom apartments, and are as competitively priced as any new apartment in the burgeoning community.

[smartcode_project:default project_id=138447 project_image_fid=290648]

Projects by Buxton Director Heath Thompson is already seeing demand from several buyer camps.

"Where Osprey is located and the configurations it has on offer, it can suit several uses, which is attracting several different buyer types," Thompson says.

[smartcode_project:default project_id=138447 project_image_fid=290744]

"Local downsizers who either live in the immediate area or those who have large landholdings in some more remote areas of the Mornington Peninsula who want to be closer to the water, have been the most active buyers so far.

"Then there's those from Melbourne who want a lock up and leave, low-maintenance weekender that they can use themselves or lease as a holiday let when not in use."

Confidence is building Melbourne's off the plan apartment market, with September being marked with several exciting developments and project launches from Hawthorn and South Melbourne and as far as Safety Beach on the Mornington Peninsula

City Beat October 2024: Units fare better than houses in soft Melbourne property market

Salter Brothers’ latest apartment development, Candela Ivanhoe, is a pivotal development that marks a new chapter for Upper Heidelberg Road and the gateway to Ivanhoe.&nbsp;

The mix of accessibility, modern design, and community integration places <a href="/new-apartments/candela-ivanhoe-40-upper-heidelberg-road-ivanhoe">Candela Ivanhoe</a> at the forefront of Ivanhoe’s urban evolution.

After years of vacancy, and an earlier attempt at a smaller project, the triangular site at 40 Upper Heidelberg Road is undergoing a significant transformation.&nbsp;

[smartcode_project:default project_id=342 project_image_fid=206559]

Candela will offer a range of living options, from one-bedroom apartments to larger house-sized apartments, in a six-level mid-rise structure — a range of options tailored to meet modern family needs, including multi-generational living.

As the availability of larger family homes diminishes, developments like Candela are increasingly essential in providing ample living spaces for families seeking the convenience of apartment life without sacrificing comfort.&nbsp;

The design, by John Demos, features a modern façade of balconies and windows adorned with a distinctive brass veil, bringing a modern touch to a suburb known for its historical significance.&nbsp;

[smartcode_project:default project_id=342 project_image_fid=169543]

Positioned at the entrance to Ivanhoe Village, Candela is not only adding 62 new apartments, but is also helping reshape the area’s community feel through a mix of public spaces and commercial offerings that integrate contemporary architecture with the suburb’s rich heritage.

The development includes a public piazza, designed to activate the ground level with a cafe, wine bar, and commercial spaces, fostering community interaction and providing amenities for residents and locals.&nbsp;

This focus on community integration creates a vibrant space that enhances Ivanhoe’s already well-established sense of neighbourhood connectivity.

[smartcode_project:default project_id=342 project_image_fid=169539]

Candela’s location is a crucial factor in its impact on the area. With a Walk Score of 90, residents can easily access a variety of lifestyle perks, from Ivanhoe Station, which is a six-minute walk away, to the nearby parks, cafes, restaurants, and schools that line Upper Heidelberg Road.

Residents can enjoy the benefits of a connected, car-optional lifestyle, as everyday needs can be met within a short walk.

Ivanhoe Village offers a range of dining options, from the popular café Pinkie to the local wine bar Vino Central and Italian eatery Woodfire Pizza e Cucina.

Residents will also find themselves close to <a href="/developments/ivanhoe-vic-3079">Ivanhoe</a>’s prestigious schools, including Ivanhoe Grammar and Ivanhoe Girls’ Grammar, as well as recreational facilities such as the Ivanhoe Tennis Club and Ivanhoe Golf Course.&nbsp;

[smartcode_project_cta:default project_id=342]

The development includes a public piazza, designed to activate the ground level with a cafe, wine bar, and commercial spaces, fostering community interaction and providing amenities for residents and locals

How Candela Ivanhoe is shaping the gateway to the exclusive north-east suburb

The leafy Glen Iris, regarded as the geographical center of Melbourne, is a suburb that, once you live there, you will never want to leave.

The 3146 postcode offers a perfect blend of suburban charm and connectivity to greater Melbourne. It boasts some of the best schools in the city, as well as easy access to the central business district.

Heath Thompson, Director at Projects by Buxton, has sold out several new apartment developments over the years and notes that <a href="/developments/glen-iris-vic-3146">Glen Iris</a> has long been regarded as one of Melbourne’s top suburbs for families and downsizers.

"You find that those who move to Glen Iris often stay for generations," Thompson says.

"Generally speaking, young families move to Glen Iris to enjoy a family-friendly lifestyle, with some of the best schools and parks in Melbourne. As they approach the empty-nesting phase, these parents often look to downsize locally because soon enough they’ll be grandparents, and their children will likely raise their families in Glen Iris as well. This creates a generational knock-on effect, making Glen Iris a really tight-knit community," Thompson explains.

<a data-entity-type="file" data-entity-uuid="fc441f24-48db-4778-ac6b-b2b4050ce5b8" href="/developments/glen-iris-vic-3146"><img alt="Glen Iris" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-30%20at%204.29.50%E2%80%AFPM_0.png?VersionId=yn6wKFb35oHupVxV4e.2q6aVGZGdd02z" /></a>

Thompson emphasizes the beauty of Glen Iris as one of Melbourne's established suburbs, with its leafy, tree-lined streets and excellent amenities, while also being one of the most connected areas.

"When you are at that young family stage, there is still great access to the city, whether it be through Glen Iris Station, Gardiner Station, or the extensive tram connections on High Street. You're in close proximity to the city but can feel completely disconnected on weekends, allowing you to immerse yourself in a more family-friendly lifestyle."

Thompson says Glen Iris sits in a prime pocket that enables its residents to enjoy several of the neighbouring suburbs.

"You're on the fringe of <a href="/developments/malvern-vic-3144">Malvern</a> and <a href="/developments/armadale-vic-3143">Armadale</a> to the west, <a href="/developments/camberwell-vic-3124">Camberwell</a> to the north, and <a href="/developments/ashburton-vic-3147">Ashburton</a> to the east. You can take advantage of all the amenities these areas offer."

Leaning into the trend of downsizing in the suburb, developers in recent years have been gearing their new projects to offer large apartments that can cater for both young and established families, as well as the empty nester.

Thompson has just one apartment remaining in <a href="/buildings/galerie-glen-iris-1538-1540-high-street-glen-iris-vic-3146">GALERIE</a>, the newest apartment development in Glen Iris which is slated for completion in the coming months.

[smartcode_project:default project_id=112375 project_image_fid=250355]

While the majority of buyers have been downsizers, several are couples looking to upsize as they plan the next phase of their lives.

"The building represents everything that Glen Iris is about."

The penthouse atop GALERIE set a price record for the suburb in 2023, selling for <a href="/news/vic/glen-iris-apartment-price-record-smashed-with-galerie-penthouse-sale-just-shy-of-4-million">nearly $4 million to a local couple looking to downsize</a>.

[smartcode_project:default project_id=112375 project_image_fid=250358]

Thompson believes Glen Iris is an excellent suburb for downsizing due to its proximity to some of Melbourne’s best neighborhoods and the Monash Freeway.

"There are generally two types of retirees: those who want to travel internationally and can be at the airport in 35 minutes, and those with a weekender on the Mornington Peninsula who can be on the freeway in minutes."

Downsizers are expected to make up the majority of purchases in the latest apartment development launching in Glen Iris.

<a href="/new-apartments/avery-glen-iris-1542-1544-high-street-glen-iris-vic-3146">Avery</a>, located next to GALERIE on High Street, comprises just 24 apartments in a boutique low-rise building designed by Alta Architecture. Alta embraced the principles of wabi-sabi, a Japanese design philosophy that emphasizes natural simplicity and strength.

[smartcode_project:default project_id=22546 project_image_fid=288305]

Alvin Xu of Alta Architecture explained, “I’ve been exploring the idea of wabi-sabi for years. With Avery, I aimed to create tranquillity within an increasingly busy city and instill calm into every aspect of the design. I wanted to sustainably connect nature and gardens to the indoor living spaces."

"Ultimately, I tried to make a place where I would want to spend time, that feels like home as soon as you step inside."

The apartments are designed to maximize natural light with floor-to-ceiling windows and winter gardens that serve as versatile balconies for year-round enjoyment. A central fireplace adds warmth to the living area.

[smartcode_project:default project_id=22546 project_image_fid=288318]

High Street has become one of the most popular streets for new developments in Glen Iris. The seven-kilometer stretch is well serviced by trams to and from the city and runs to the bottom of Albert Park to the east to Ashburton and Malvern to the west.

Downsizers have driven rare Glen Iris townhouse development, Lori, to a near sell-out. Just two of the eight townhouses remain as they approach completion.

The three-bedroom townhouses have been designed by Megowan Architecture to spark some creative flair into Glen Iris.

The townhouses are situated on a sloping block, which allows for expansive views of the surrounding treescape through large picture windows. They&nbsp;feature high ceilings and full-length windows to maximise natural light and provide views of the preserved 100-year-old trees on the site.

[smartcode_project:default project_id=114100 project_image_fid=246532]

There will be even more local amenity for Glen Iris residents if Time &amp; Place's joint venture with Woolworths is approved at 173 Burke Road, on the border of Malvern East.

They've scaled back their&nbsp;shop-top housing development plans by Cera Stribley, now proposing 64 larger apartments above a full-line Woolworths with incresed setbacks and additional affordable housing options.

Melbourne off the plan apartments

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Melbourne off the plan apartments

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News