A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Joel Robinson

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

The long-planned transformation of Brisbane's historic Shafston Estate has taken another major step, with Capella Hotel Group announced as the luxury hospitality partner behind what will become Brisbane's first branded residences.

The project, to be known as Capella Residences Brisbane, is being delivered by Verso Projects at the landmark Kangaroo Point riverfront estate, with completion targeted for 2029.

The announcement follows a series of planning changes to the project over recent years. The site was originally approved in 2023 for a 15-level, 37-apartment development designed by Rothelowman for Burgundy Group before Verso Projects took over the 10,070 sqm riverfront holding and lodged revised plans with Kerry Hill Architects to increase the development to a 25-level tower with 51 apartments.

The latest announcement confirms Capella Hotel Group will bring its branded residential offering to the project, marking just the second Capella Residences development globally after Seoul, and the group's first branded residential project in Australia.

The <a href="https://www.apartments.com.au/new-apartments/23-castlebar-street-kangaroo-point-qld-4169">Castlebar Street development</a> will centre around the restoration of the heritage-listed Shafston House, one of Brisbane's oldest residences, originally constructed in 1851 by Reverend Robert Creyke as a single-storey cottage known as Ravenscott.

<img alt="Capella" data-entity-type="file" data-entity-uuid="2b9f4ce5-638f-4d6b-8082-3ca7e4b75fca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-09%20at%207.20.41%E2%80%AFAM.png?VersionId=f7aeqsW_DzOJI4FymWb3lD8NptSfsP7q" />

Capella said the project aligns with its focus on heritage-led developments, with the Brisbane estate combining the restored historic residence with a new luxury apartment tower and hospitality-inspired resident amenities.

Residents will have access to the Capella Living Room, a concierge-led communal space inspired by the group's luxury hotels, alongside landscaped gardens, six swimming pools, wellness and recreation facilities.

The broader estate will also include two riverfront homes, a six-berth private marina, porte cochère arrival experience, secure basement parking and a new section of public riverwalk along the Brisbane River frontage.

The heritage Postal Depot Building will also be retained and repurposed as a guest house, in line with the revised development plans.

The project represents another evolution for the site, which Kerry Hill Architects previously described as a rare opportunity to restore one of Brisbane's most significant heritage estates while creating a new benchmark for apartment living.

"The Shafston Estate provides a once-in-a-generation opportunity to restore one of Brisbane's finest heritage precincts and to reinstate residential use as a unique site perched on the edge of Kangaroo Point," Kerry Hill Architects said in its Urban Context Report accompanying the planning submission.

"The project will celebrate excellence in sub-tropical residential design, setting a new benchmark for vertical living in Brisbane."

Verso Projects, which now has an $8.5 billion development pipeline spanning more than 6,000 dwellings across apartments, townhouses, retail and commercial projects, said the partnership with Capella would elevate the development beyond a traditional residential project.

"We feel honoured to be restoring Shafston Estate to its former glory, elevating it to new heights of luxury and excellence underpinned by Capella's distinctive service ethos and design philosophy, and making it a standout landmark in Brisbane," Verso Projects CEO Steve Laffey said.

"By partnering with Capella, globally recognised for its refined approach to luxury hospitality and deep respect for cultural and historical context, we will elevate this project beyond a residential offering into a world-class destination."

Capella Hotel Group President Roland Fasel said Brisbane's emergence as a global city made it the right location for the company's Australian residential debut.

"Brisbane is a city on the cusp of something remarkable, and Capella Residences is our commitment to being part of that story," Fasel said.

"The Capella residential experience is more than luxury. It is about a sense of belonging to a place with deep meaning."

Private appointments have now opened for the project, with a display suite expected to open in late 2026 ahead of the planned 2029 completion.

Capella to launch Brisbane's first branded residences at Shafston House, Kangaroo Point

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]

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

Melbourne off the plan apartments

What makes a new apartment project stand out?

Many say location is everything, and Mirvac's latest apartment development, <a href="/new-apartments/prince-parade-by-mirvac-brunswick-701-park-street-brunswick">Prince &amp; Parade</a>, has one of the best locations in Melbourne's inner ring.

It's just on the fringe of the liveliness and convenience of Brunswick, while being positioned closer to the nearby Carlton North and Princes Hill, directly opposite the 39-hectare Princes Park.

We recently had a wander around the area and wrapped up some of the best spots around the project.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/d-ar7pZc4Ug?si=3D38a0WVGPm4aIM3" title="YouTube video player" width="560"></iframe>

Prince &amp; Parade provides the ultimate in nature, convenience and connectivity.&nbsp;

The iconic Princes Park is not only home to the Carlton Football Club but also offers a range of leisure activities for residents to enjoy, including the Princes Park Bowls Club, Royal Park Tennis Club, and the nine-hole Royal Park Golf Course.

[smartcode_project:default project_id=4802 project_image_fid=220673]

There's a number of local hospitality venues like&nbsp;the auropean-style wine bar WasFlower, and Italian Ciao Mamma!, as well as Old Palm Liquor, Mamma's Boy Trattoria, and Brunswick Wine Shop, ensuring there's something to please every palate. And for those seeking a diverse array of international cuisines, Little Andorra, Kent Hotel, Florian, La Luna Bistro, Matteo's Restaurant, Capitano, and Di Stasio Carlton offer a number of options.

Art enthusiasts will appreciate the creative collections at Beinart Gallery and the immersive experience at 1280, while the nearby Brunswick Baths provide a refreshing escape for residents.&nbsp;

[smartcode_project:default project_id=4802 project_image_fid=217137]

The nearby Jewell and Royal Park Train Stations ensure that the city and its surroundings are easily accessible, granting residents the freedom to explore Melbourne's vibrant neighbourhoods effortlessly. Buses and trams are also an integral part of the area, with numerous transport links connecting Prince &amp; Parade residents to the greater Melbourne region.&nbsp;

The building, designed by&nbsp;<a href="/architects/bates-smart" target="">Bates Smart</a>&nbsp;in collaboration with&nbsp;<a href="/developers/mirvac" target="">Mirvac</a>&nbsp;Design and in landscaping by&nbsp;<a href="/news/jack-merlo-sheds-light-on-the-landscape-design-for-hawthorn-park" target="">Jack Merlo</a>, comprises 166 one, two three and four-bedroom apartments.

The striking project is targeting the owner-occupier, particularly local downsizers who currently live in houses or terraces and are starting to see equity build back up in their homes. It's also expected to be popular with affluent young professionals.

[smartcode_project_cta:default project_id=4802]

Prince & Parade provides the ultimate in nature, convenience and connectivity

Brunswick location tour: What's within walking distance from Mirvac's Prince & Parade apartment development

Brunswick is set for a brand new apartment development with buyers expected to move into&nbsp;<a href="/buildings/themeda-brunswick-19-wilkinson-street-brunswick">Themeda Apartments</a>&nbsp;in March.

Developed by&nbsp;<a href="/developers/3ps-property-group">3P's Property Group</a> and constructed by the reputable <a href="/builders/concrete-construction-systems">Concrete Construction Group</a>, Themeda Apartments comprises just 11 one, two, and three-bedroom apartments ranging from 55 sqm to 136 sqm across five levels. The apartments will sit above two ground-level commercial spaces.

There are just two apartments per floor, providing residents with both privacy and a sense of community.&nbsp;

Designed by <a href="/architects/telha-clarke-architects">Telha Clarke Architects</a>, Themeda features a low-rise design with open-canopy balconies that take advantage of the building’s northern orientation, cross-flow ventilation and an abundance of lush greenery.

Each apartment features a well-appointed kitchen equipped with integrated European appliances and a butler's pantry.&nbsp;

<img alt="Themeda Move in March" data-entity-type="file" data-entity-uuid="b1af9eaa-7d21-4dc0-a79b-b74b3af0e85a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Themeda%20Brunswick%20Kitchen.jpg?VersionId=oUH2Cl.7wMUxz4zLjdbkQOuySbOR6vk2" />

The open-plan living and dining areas seamlessly connect to spacious terraces, providing an ideal space for entertainment and relaxation.

Bedrooms at Themeda are resplendent with natural light and offer ample space, featuring large built-in robes.&nbsp;

The inclusion of a full laundry, abundant storage options, and two secure car spaces completes the picture of convenience and comfort.

Residents of Themeda Apartments will also enjoy exclusive access to a rooftop garden, offering panoramic views of the local area, planters for home-grown produce, and bespoke mosaic artwork, adding a touch of artistry to the communal spaces.

<img alt="Themeda Move in March" data-entity-type="file" data-entity-uuid="6f856d0c-0510-45e3-889a-687e7da3f6bf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Themeda%20Brunswick%20Rooftop.jpg?VersionId=7l5LOSxr7OVoE5iyK1Umar3JZteS9fDL" />

Themeda is only 140 metres from <a href="/new-apartments/brunswick-vic-3056">Brunswick</a> Train Station and 160 metres from the bustling <a href="/new-apartments/sydney-nsw">Sydney</a> Road Precinct, ensuring residents have easy access to public transportation and a myriad of amenities.

Eight apartments remain in Themeda.

[smartcode_project_cta:default project_id=22786]

Themeda is only 140 metres from Brunswick Train Station and 160 metres from the bustling Sydney Road Precinct

Staff Writer

Brunswick's Themeda apartments ready for March move in

Malvern's latest apartment development, Plant Street, has some of the biggest names in the off the plan development industry behind it.

The boutique project of just 21 apartments near <a href="/developments/malvern-vic-3144">Malvern</a> and Glenferrrie roads is being developed by forward-thinking, off the plan development specialists Milieu, who have a long reputation of creating design-driven projects across Melbourne since 2010.

They're developing the project in partnership with development partner Penfold and financier giant Maxcap, creating an enviable trio who have significant experience in crafting quality projects.

The years of development experience doesn't stop there. They've had the cool local architecture studio RITZ&amp;GHOUGASSIAN champion the striking building's design.

[smartcode_project:default project_id=139856 project_image_fid=217344]

A development characterised by a balance of solid architectural elements and greenery, Plant Street features bush-hammered concrete panels and smooth slab edges, creating depth and variety.

Interior design practice Georgina Jeffries has handled the interiors of the one, two, three and four-bedroom apartments,&nbsp;focus on nurturing, light-filled spaces with a material palette of honey timber joinery, brown ash brick, terrazzo, and natural stone.

Custom-made lighting by Volker Haug Studio complements the design, reflecting a refined approach that values local craftsmanship and lasting comfort.

[smartcode_project:default project_id=139856 project_image_fid=217347]

Every space in the home features a natural stone and warm neutral palette, from the modern, sleek integrated galley kitchen with a large island-breakfast bar to the open-plan living and dining areas with wooden and textured furniture facing borderless floor-to-ceiling glazing that seamlessly connects the indoors with the outdoors.

The bedrooms are simple and well-proportioned, exuding a sense of calm and retreat with floor-to-ceiling windows overlooking the rich landscaping outside.

[smartcode_project:default project_id=139856 project_image_fid=217346]

The bathrooms are minimalist and practical, featuring his and her vanity with long, wood-framed mirrors, floating cabinets, and silver tapware.

The building is enveloped in landscaping by the renowned landscape architecture firm Acre. An&nbsp;internal open-air atrium softens the structure and blending architecture, interiors, and the neighbourhood. The greenery includes a dynamic mix of deciduous plants and trees that change with the seasons.

Ground-floor apartments boast well-landscaped gardens, while upper-level dwellings feature planters and creepers on their terraces.

&nbsp;

[smartcode_project:default project_id=139856 project_image_fid=217345]

Progressive, sustainable design is also central to the development. Plant Street combines enduring materials with thoughtful architecture and adaptable interiors, incorporating cross-flow ventilation, solar power, carbon-neutral energy supplies, and EV charging stations. The property is designed to favour passive design principles, reducing dependence on artificial heating and cooling and collectively minimising each resident's environmental impact over the long term.

Milieu has appointed Manresa Construction as the builder for Plant Street by Milieu. The construction will be commencing soon and is expected to be complete in mid-2025.

For the past 14 years, Milieu has primarily focused its efforts in Melbourne's cooler northern suburbs, such as Brunswick East and Collingwood.

[smartcode_project_cta:default project_id=139856]

The expert development team behind Malvern's Plant Street apartment development

Flagstaff Gardens, located in the north-west corner of the Melbourne's CBD before moving into North Melbourne, is one of the city's oldest and most significant public parks. Its history is closely tied to the early development of Melbourne.

The gardens were established in 1862, making them one of the city's earliest public spaces. However, the area that now comprises Flagstaff Gardens has a longer history.&nbsp;

When European settlers arrived in the 1830s, the area around Flagstaff Gardens became part of the rapidly growing city of Melbourne.

The gardens were named after the flagstaff erected on the highest point of the site in the 19th century. The flagstaff was used for signalling shipping activity in the Port of Melbourne. Today, a replica flagstaff stands in the gardens as a historical reminder.

Over the years, Flagstaff Gardens has undergone several transformations. In the late 19th and early 20th centuries, the gardens were enhanced with pathways, ornamental plantings, and recreational facilities. The park's design evolved to reflect changing trends in landscape architecture.&nbsp;The park features walking paths, open lawns, and various mature trees, creating a serene atmosphere.

Flagstaff Gardens is a sought-after park for those who either live, or work, or both, in the city. There's only been a few occasions over the last decade that apartments have been available to those looking at living both in the city and near a park.

We've looked at the best apartment projects near Flagstaff Gardens.

<h2>Project: Parkhill Apartments</h2>

<h3>Address: 408 Spencer Street, West Melbourne VIC 3003</h3>

<h3>Developer: Central Equity</h3>

<a href="/architects/central-equity">Central Equity</a>'s completed <a href="/buildings/parkhill-apartments-west-melbourne-408-spencer-street-west-melbourne">Parkhill Apartments</a>&nbsp;is just up the road from Flagstaff Gardens, toward the northern end of Spencer Street near Festival Hall.

One and two-bedroom apartments remain in the building which the Urban Community has said, above all other features of the development, is in a great location.

The 20-level tower has attracted both first-home buyers and investors. Central Equity Marketing Manager Jeremy Vile says the location is one of the key drivers in buyer demand.

[smartcode_project:default project_id=27406 project_image_fid=218723]

"While we're a CBD address, we're at the north end of Spencer Street, next to Flagstaff Gardens, which brings with it a quieter lifestyle than being in the heart of the city."

Residents are just a three-minute walk from Flagstaff Gardens. The famous Queen Victoria Market is also located within a short stroll, allowing residents to indulge in a variety of fresh produce.

The spacious homes include long-lasting features, such as the Miele cookware in the kitchen and tapware with a 15-year warranty.

[smartcode_project:default project_id=27406 project_image_fid=214773]

There was even consideration to make the balconies as useful as possible. Every apartment has an expansive balcony, located off the living space, which can fit a table and chairs enabling alfresco dining.

A prominent feature of Parkhill is the resident rooftop terrace, which has a walking track that weaves around the whole roof. There is also a gym, barbecue facilities, seating, and stunning views toward the Bay, Docklands, and back to the city.

<h2>Project: Aspire Melbourne</h2>

<h3>Address: 295-309 King Street, Melbourne VIC 3000</h3>

<h3>Developer: ICD Property</h3>

Offering some of the city's most sought-after views, <a href="/developers/icd-property">ICD Property</a>'s completed <a href="/buildings/aspire-melbourne-301-king-st-melbourne">Aspire Melbourne</a> soars 208 metres above Flagstaff Gardens, one of the closest apartment towers to the green space.

It features&nbsp;uninterrupted views of Flagstaff Gardens, the Docklands waterfront, and the Melbourne CBD.&nbsp;

[smartcode_project:default project_id=2575 project_image_fid=79447]

The <a href="/architects/fraser-partners-0">Elenberg Fraser</a>-designed tower brought a much-needed supply of 565 apartments to the Melbourne market.

Crowning Aspire are a collection of three-bedroom penthouses, known as the Aspire Residences, a creation of the internationally renowned architect <a href="/architects/david-hicks">David Hicks</a>.

[smartcode_project:default project_id=2575 project_image_fid=79454]

The apartments feature natural material selections with light and restrained colour palettes, which allow residents to connect with the delicate forms and textures.

At its core, Aspire Melbourne is a haven of world-class amenities, offering residents an indoor pool, spas, a gym, multiple private dining and lounge areas, a library, meeting rooms, and co-working spaces.

[smartcode_project:default project_id=2575 project_image_fid=208454]

Only a handful of one, two and three-bedroom residences are remaining in the development, with prices starting from $564,500.

The three-bedroom apartments at Aspire are the only offering to include a car space. They start from $1.675 million.

<h2>Project: West Side Place</h2>

<h3>Address: 250 Spencer Street, Melbourne VIC 3000</h3>

<h3>Developer: Far East Consortium</h3>

It was a decade ago that <a href="/developers/far-east-consortium">Far East Consortium</a> signalled their intentions for the $2 billion-plus <a href="/buildings/west-side-place-melbourne-250-spencer-street-melbourne-vic-3000">West Side Place</a> development, securing a prime Spencer Street site in 2013.&nbsp;

Slightly further down Spencer Street than Parkhill, West Side Place, designed by&nbsp;<a href="/architects/cottee-parker-architects">Cottee Parker</a>, encompasses four residential towers and the prestigious Ritz-Carlton and Dorsett Hotels, all interconnected by a vibrant central laneway.&nbsp;

[smartcode_project:default project_id=1270 project_image_fid=141273]

Located within the coveted University High School Zone, the development is just a short walk from Flagstaff Gardens, Southern Cross Station, and the Free Tram Zone. This translates to the ultimate city living experience, where everything the residents need is right at their doorstep.

Towers one and two combine thoughtful, lifestyle-focused design with breathtaking views across the Docklands and Port Phillip Bay, while towers three and four offer spectacular views across the CBD and Flagstaff Gardens.

Inside West Side Place, residents can choose from a one-bedroom, one-bedroom plus study, and multiple two-bedroom configurations. The apartments start at $550,600 for the 60 sqm one-bedroom and $708,000 for the over 70 sqm two-bedroom apartments.

[smartcode_project:default project_id=1270 project_image_fid=240786]

The amenity, both in and out of the building, has been a major driver at West Side Place.&nbsp;

Within the development, there's a swimming pool with a steam room and sauna, a gymnasium with an open terrace, function and meeting rooms, open terraces with seating and BBQ facilities, a private cinema, and even karaoke and virtual golf facilities.

The on-site retail arcades at West Side Place also offer convenience and a diversity of shops and services at the residents' doorstep.

Flagstaff Gardens is a sought-after park for those who either live, or work, or both, in the city

The best apartments on Melbourne's Flagstaff Gardens

Melbourne's Bayside has long been one of the most attractive places to live in the Victoria capital.

It gained significant attention and growth as a knock on effect in the mid to late 20th century as Melbourne expanded and urbanized. The unrepeatable coastal suburbs, a premium in Melbourne compared to other capital cities across the country, meant it had a unique selling point which would never go away.

As transport to Bayside from the city improved, the property market grew and grew. Then came further investment within the suburbs themselves. Brighton's Church Street is now one of the most popular retail strips in Melbourne, and prices surrounding the street reflect that.

Some of Melbourne's best schools are also in Bayside, such as Melbourne Grammar School and St Leonard's College, while the Victoria Golf Club, one of the oldest and most prestigious golf courses in Australia, is located in Cheltenham.

There's only nine suburbs which make up the exclusive local government area on Port Phillip Bay. It's anchored by the main suburbs of <a href="/developments/brighton-vic-3186">Brighton</a>, <a href="/developments/hampton-vic-3188">Hampton</a> and <a href="/developments/sandringham-vic-3191">Sandringham</a> which run along the coast to <a href="/developments/beaumaris-vic-3193">Beaumaris</a> through <a href="/developments/black-rock-vic-3193">Black Rock</a>, while <a href="/developments/cheltenham-vic-3192">Cheltenham</a>, <a href="/developments/highett-vic-3190">Highett</a>, Hampton East and <a href="/developments/brighton-east-vic-3187">Brighton East</a> sit one suburb from the water.&nbsp;

We've looked at the top off the plan apartment for sale in Melbourne's Bayside in 2024, a mix bag which cater for a number of different demographics, not just the wealthy.

<h2>Project: 448 Brighton</h2>

<h3>Location: 448 St Kilda Street, Brighton VIC 3186</h3>

<h3>Developer: Sunkin Property Group</h3>

In the heart of one of Melbourne's most coveted neighbourhoods lies <a href="/buildings/448-brighton-448-st-kilda-street-brighton">448 Brighton</a>, a boutique collection of just 17 apartments and three penthouses.

Completed in 2021, 448 Brighton has swiftly established itself as a coveted addition to the neighbourhood.

A team of experts in their own right came together for the development, led by <a href="/developers/sunkin-property-group">Sunkin</a>, who collaborated with renowned architects <a href="/architects/sjb-architects">SJB</a> and landscape architect <a href="/architects/jack-merlo">Jack Merlo</a>, designing a residence that caters to the discerning needs of homeowners and individuals seeking to downsize.&nbsp;

[smartcode_project:default project_id=31946 project_image_fid=212460]

It's down to the location, says Sunkin's Group Sales Manager Sophie Dobson, given it is adjacent to <a href="/developments/elsternwick-vic-3185">Elsternwick</a> Park and <a href="/developments/elwood-vic-3184">Elwood</a> Beach.

The 17 apartments also offer floor plans that generously accommodate various lifestyles, ranging from a comfortable 111 sqm to an expansive 693 sqm.

“Buyers need more space when working from home and that trend is evident with Melburnians fleeing to the seaside or country to get more space and fresh air," Dobson says.

[smartcode_project:default project_id=31946 project_image_fid=212487]

"These homes offer larger living spaces for people to enjoy and more space for those working from home."

While demand has been high, a selection of two and three-bedroom apartments remains available in this development.

<h2>Project: Martin</h2>

<h3>Location: 133 Martin Street, Brighton VIC 3186</h3>

<h3>Developer: EBG Developments</h3>

<a href="/developers/ebg-developments">EBG Developments</a>' luxury downsizer project, <a href="/buildings/martin-brighton-133-martin-street-brighton">Martin</a> in <a href="/developments/brighton-vic-3186">Brighton</a>, has been popular with both local downsizers and those from Bayside looking to get into the Brighton market.

The developer is approaching the completion of the striking Martin Street building of just 11 two and three-bedroom apartments, ranging from 104 sqm to 141 sqm.

[smartcode_project:default project_id=5495 project_image_fid=210547]

Buchan Group Architects designed Martin Brighton, with the interiors meticulously crafted by Miriam Fanning's <a href="/architects/mim-design">MIM Design</a>.&nbsp;

The two and three-bedroom residences feature natural finishes, such as stone, with the detailing resonating a timeless sensibility, which is evident throughout the master bedrooms and living zones.&nbsp;

Downsizers have shown a keen interest in Martin Brighton, appreciating the development's location and the lifestyle it offers.

[smartcode_project:default project_id=5495 project_image_fid=190763]

Situated on Martin Street, the project provides residents with the coveted Brighton lifestyle without the hustle and bustle typically associated with the area. The Martin Street Village is also just a short stroll away and is home to a variety of fashion boutiques, cafes, and restaurants.

Nature enthusiasts will also delight in the proximity to the Bay Trail and Elwood Beach, both just over a kilometre away.

<h2>Project: Willow</h2>

<h3>Location: 74-78 Well Street, Brighton VIC 3186</h3>

<h3>Developer: Samuel Property</h3>

<a href="/buildings/willow-brighton-74-78-well-street-brighton">Willow</a>, the recently completed Brighton apartment development by <a href="/developers/samuel-property">Samuel Property</a>, is the newest addition to the luxury Brighton apartment market.

Willow comprises 14 two, three, and four-bedroom apartments designed by <a href="/architects/bayley-ward">Bayley Ward</a>.&nbsp;

The striking curved facade creates a street presence on the tree-lined Well Street while remaining quietly shielded by a generous setback and extensive landscaping.

[smartcode_project:default project_id=27554 project_image_fid=214552]

The residences are flooded with natural light, thanks to three-metre, floor-to-ceiling windows in each space.

"We wanted each owner to experience a home that’s truly a step above," says Romy Jackson, Development Director at Samuel Property.

Beyond the incredible design and layout of each home, Willow also exceeded expectations by delivering luxury finishes and appliances, with Liebherr and Vzug featuring in the kitchens.&nbsp;

[smartcode_project:default project_id=27554 project_image_fid=214531]

Willow residents also have access to a communal wine space, a large temperature-controlled wine room with allocated storage for each residence.

The development has also garnered attention for its exceptional landscaping, showcasing a biophilic design by <a href="/landscape-architect/acre">Acre</a> that prioritises the health and well-being of its residents.

Willow is close to Church Street, a bustling hub known for its wide variety of shops and restaurants, and just a short train ride to Melbourne's CBD.

<h2>Project: Highett Common</h2>

<h3>Location: 37 Graham Road, Highett VIC 3190</h3>

<h3>Developer: Sunkin Property Group</h3>

Sunkin feature again in Bayside with their latest development, one of the largest even seen in Bayside.

Their recently launched&nbsp;<a href="/new-apartments/highett-common-37-graham-road-highett-vic-3190">Highett Common</a>, a masterplan in the heart of <a href="/developments/highett-vic-3190">Highett</a>, will home more than 1,000 residents across a 9.3-hectare site when it's completed.

The collaboration between <a href="/architects/clarke-hopkins-clarke-0">ClarkeHopkinsClarke Architects</a> and <a href="/landscape-architect/tract-landscape-architects">Tract Landscape Architects</a> ensures that each neighbourhood within Highett Common will have its own distinct character and residential landscape.

[smartcode_project:default project_id=108019 project_image_fid=212658]

The first release, Park House, already 70 per cent sold, offers one, two, and three-bedroom residences designed to harmonise with the surrounding environment.

Making sure residents have significant amenities when they move into Park House in mid to late 2025, part of the first stage will incorporate numerous health and well-being facilities.

The state-of-the-art amenities include gyms and wellness areas, swimming pools and sun-drenched decks, providing residents with a resort-like living experience.

[smartcode_project:default project_id=108019 project_image_fid=213940]

Meanwhile, residents can host celebrations with family and friends in a private dining room and expansive indoor and outdoor lounge areas.&nbsp;

The development also incorporates dedicated spaces for work and study, workshops, and community meetings at the new public Highett Library.

Sunkin recently released the first collection of <a href="/new-apartments/highett-common-37-graham-road-highett-vic-3190">townhomes at Highett Common</a>. They start at just over $1.6 million.

<h2>Project: Hampton Ltd by Spyre</h2>

<h3>Location: 36 Deakin Street North, Hampton VIC 3188</h3>

<h3>Developer: Spyre Group</h3>

Record-breaking Queensland developer <a href="/developers/spyre-group">Spyre Group</a> branched out into the Melbourne apartment market last year in&nbsp;<a href="/developments/hampton-vic-3188">Hampton</a>.

Their boutique project, <a href="/new-apartments/hampton-ltd-24-thomas-street-hampton-vic-3188">Hampton Ltd</a>, will see just 20 apartments and three townhouses developed across three three-level buildings on the corner of Thomas Street and Deakin Street.

Architects <a href="/architects/mld-studio">MLD Studio</a> designed the project, with the interiors crafted by <a href="/interior-designers/studio-brent-lee">Studio Brent Lee</a>.

[smartcode_project:default project_id=134801 project_image_fid=220067]

Interior layouts are designed around focal points such as the open plan kitchens and master bedrooms, spaces where people spend most of their time.&nbsp;

The living area flows around the entertainer’s kitchen where a sculptural island bench, crafted from Vanillish Pearl marble, stands as a statement piece.

[smartcode_project:default project_id=134801 project_image_fid=228034]

The master bedrooms offer a generosity of space and abundant natural light. They feature lush wool carpets, and an expansive walk-in wardrobe with feature timber-look joinery.

The two and three-bedroom apartments are expected to be popular among empty nester downsizers and young professionals.

Hampton Ltd is located near Hampton Beach and Bayside's entertainment capital Church Street in nearby Brighton.

<h2>Project: Southpoint Highett</h2>

<h3>Location: 1233-1237 Nepean Highway, Highett VIC 3190</h3>

<h3>Developer: H1Land Group</h3>

Multi-residential apartment developer <a href="/developers/h1land-group">H1Land</a> grabbed one of the most connected blocks of land in the whole of Highett, where their <a href="/architects/rothelowman">Rothelowman</a>-designed <a href="/new-apartments/southpoint-highett-1233-nepean-highway-highett">Southpoint</a> will stand once completed in early 2026.

The two apartment buildings will be on the huge 4,330 sqm site at 1233-1237 Nepean Highway, one a rare 12 levels with views over Bayside, the other just four levels.

[smartcode_project:default project_id=3844 project_image_fid=224757]

Southpoint will home a mix of one, two and three-bedroom apartments when completed in early 2026.

It's the taller 12-level building that offers rooftop amenities with sweeping views across Bayside. It has a plunge pool, communal well being spaces, barbecue facilities, and a bar space, &nbsp;strategically positioned to offer views over the bay, CBD, and Dandenong Ranges.

Southpoint's prime location also positions residents across the road from Westfield Southland, one of the biggest shopping centres in the country.

[smartcode_project:default project_id=3844 project_image_fid=179016]

Melbourne's bay beaches are a quick 10-minute car ride, providing long kilometres of swimming, strolling, riding, or running alongside pets.

Southpoint is also within the catchment zone of some of Melbourne's finest educational institutions. Families will appreciate the proximity to prestigious schools such as Firbank Grammar, Mentone Grammar, and Cheltenham Secondary College.

Bayside Melbourne's best off the plan apartment developments on the market in 2024

There's a lot going for the Melbourne off the plan apartment market.&nbsp;

The sheer statistics of the imbalance between dwelling approvals, construction of dwellings, and population growth, shows a frightening landscape for the Victoria capital.&nbsp;

Not so much for those however who have a foot on the property ladder. Investors are, and will continue to reap the rewards of a high migration numbers, pushing rents up, while owner-occupiers, generally, will see the value of their property rise with demand, again both local and international, outstripping supply.

With that in mind we've taken a look back at what piqued our readers interest in 2023.

<h3>Richmond's Victoria Shopping Centre redevelopment to create new urban village with over 1,600 new apartments</h3>

In February it was revealed&nbsp;<a href="/developments/richmond-vic-3121">Richmond</a>'s Victoria Gardens Shopping Centre will undergo a significant transformation with a $900 million redevelopment, led by co-owners Vicinity Centres and Salta Properties.&nbsp;

The ambitious project aims to convert the landmark site into a vibrant urban village, seamlessly integrating residential, commercial, retail, lifestyle, and entertainment spaces.&nbsp;

<img alt="Urban's top five most read in 2023 in VIC" data-entity-type="file" data-entity-uuid="5078cc50-dc2e-4a18-978a-b79db249ce5e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20Victoria%20Gardens%20Shopping%20Centre%20redevelopment.png?VersionId=nxYDSnEN6_npBQvx_nEae2xJYcIlY6Xh" />

Divided into two key precincts, the Doonside Precinct and River Boulevard Precinct, the redevelopment includes 1,679 new homes, a fresh food Market Hall, extensive open spaces, bike facilities, and parking.&nbsp;

The project, which is expected to create 680 construction jobs annually and over 3,300 ongoing jobs, is currently seeking planning approvals through the Victorian Government's Development Facilitation Program.

Read more: <a href="/news/vic/richmonds-victoria-shopping-centre-redevelopment-to-create-new-urban-village-with-over-1-600-new-apartments">Richmond's Victoria Shopping Centre redevelopment to create new urban village with over 1,600 new apartments</a>

<h3>Multiplex to build $2 billion STH BNK By Beulah towers</h3>

Beulah had a huge build up to the announcement of their construction partner for their $2 billion, twin-tower <a href="/new-apartments/sth-bnk-by-beulah-southbank-60-southbank-boulevard-southbank">STH BNK by Beulah</a> development back in August.

They chose&nbsp;<a href="/builders/multiplex">Multiplex</a> as the builder of the two intertwining towers which are set to become the tallest skyscrapers in the southern hemisphere upon completion in 2029.&nbsp;

The five-year construction timeline will commence in late 2023 or early 2024.&nbsp;

[smartcode_project:default project_id=8804 project_image_fid=221202]

With a height of 365 metres, Multiplex will bring to life Australia's first 5-minute vertical city, featuring two twisting towers, a world-class retail precinct, wellness facilities, a childcare centre, a Four Seasons Hotel, a cultural centre in partnership with Centre Pompidou, commercial office space, residential offerings, and the world's tallest vertical garden.&nbsp;

The project has already garnered significant attention with high-profile sales of its 691 apartments, including transactions ranging from $30 million to $38 million.

Read more: <a href="/news/vic/multiplex-to-build-2-billion-sth-bnk-by-beulah-towers">Multiplex to build $2 billion STH BNK By Beulah towers</a>

<h3>First look: South Yarra House apartments set to launch</h3>

Due to the scarcity of new development in Melbourne's sought-after South Yarra,&nbsp;<a href="/developers/wattletree-property-group">Wattletree</a> and Dorman Capital's release of&nbsp;<a href="/new-apartments/south-yarra-house-49-55-claremont-street-south-yarra">South Yarra House</a>, a $190 million project set on one of <a href="/developments/south-yarra-vic-3141">South Yarra</a>'s last remaining riverside sites, was a popular read.

The joint venture marks Wattletree's fifth project and its first collaboration with Dorman Capital. South Yarra House, now over 60 per cent sold, will feature around 60 apartments across 20 levels, with architecture firm SJB drawing inspiration from the simple, brutalist, art-deco architecture of New York. &nbsp;

[smartcode_project:default project_id=112970 project_image_fid=214722]

Initially intended for a commercial office project, the collaboration between Wattletree and Dorman Capital evolved into a residential development that addresses the growing market demand for quality owner-occupier and downsizer apartment products.&nbsp;

Read more: <a href="/news/vic/first-look-south-yarra-house-apartments-set-to-launch">First look: South Yarra House apartments set to launch</a>

<h3>STH BNK by Beulah breaks Melbourne apartment record</h3>

People always love reading about records being broken, and it was no different in 2023 when the aforementioned Beulah set the new Melbourne apartment record with a $38 million sale.

It topped the $35 million record, set in the same building in 2022.

The record sub-penthouse above level 75 offers a customisable floor plan, allowing the transcontinental business owner buyer to personalise the design to suit their lifestyle.&nbsp;

[smartcode_project:default project_id=8804 project_image_fid=221169]

The apartment, with its 360-degree city view, resort-style concierge services, and world-class amenities, is among the highest in Melbourne.&nbsp;

The project, achieving over $600 million in sales within four months, reflects the robust demand for luxury apartments near Melbourne's gardens and cultural landmarks and the convenience of hotel living.&nbsp;

Despite challenges in the market, the prestige sector remains active, attracting diverse buyers who value tailor-made configurations and services, such as Beulah's 'Tailored Living' option.&nbsp;

Read more: <a href="/news/vic/sth-bnk-by-beulah-breaks-melbourne-apartment-record-again">STH BNK by Beulah breaks Melbourne apartment record</a>

<h2>Andrews Labor Government to ramp up apartment approvals across Melbourne</h2>

In September it was announced the then Andrews Labor Government was working on reforms to clear&nbsp;the backlog of approvals and build more homes, faster.

Over the last year to September, the number of dwellings approved across the state fell by 26.1 per cent.

At a council level, there’s a backlog of around 1,400 planning permit applications for multi-unit housing that have been sitting with councils for more than six months waiting for a decision. Some 550 of those applications have been waiting for more than a year.

Of these, 78 projects have a development cost of more than $10 million – and would deliver around 4,900 new homes.

Premier Daniel Andrews said "building, buying, renovating or renting shouldn't be this hard."

"We need to build more homes, with the best design standards, where people want to live. And that means going up and out – not just out," Mr Andrews said.

Minister for Planning Sonya Kilkenny said&nbsp;Victorians deserve a planning system that works with them – not against them.

"It should be a clear, transparent and accountable system – because Victorians deserve to know who is planning our city and state.”

Read more:&nbsp;<a href="/news/vic/andrews-labor-government-to-ramp-up-apartment-approvals-across-melbourne">Andrews Labor Government to ramp up apartment approvals across Melbourne</a>

Urban's top five most read articles in Melbourne in 2023

Downsizers and rightsizers were the most active buying demographic in the Melbourne off the plan market in 2023.

Anecdotal feedback, as well as research of <a href="/" target="">Apartments.com.au</a>&nbsp;data, showed over two thirds of enquiry in 2023 was to the next home buyer, as first home buyers and investors keep an eye on both the RBA's interest rate movement and potential buyer incentives offered by developers.

Some suburbs were more preferred by the next home buyer. We've taken a look at the most popular on Urban in 2023.

<h2>Southbank</h2>

Southbank's varied mix of apartment types, and its cultural vibrancy, make it one of the most sought-after suburbs across every buyer demographic.

Across the river from the CBD and home to some of Melbourne's most iconic apartment towers, Southbank always draws a crowd.

The Arts Precinct, Crown Entertainment Complex, and many dining options contribute to Southbank's allure for those looking to downsize without sacrificing proximity to urban amenities.

A number of projects have stood out in Southbank in 2023.

OSK Property's $2.8 billion Melbourne Square precinct has been particularly attractive, with both newly completed and off the plan opportunities. OSK has the final apartments in the completed East and West Towers on Kavanagh Street, as well as the recently launched BLVD which is slated for completion in 2026.

[smartcode_project:default project_id=2929 project_image_fid=200839]

Central Equity's completed FOCUS Melbourne is also proving popular with downsizers, no doubt aided by the fact it won the Victoria Apartment Complex of the Year (over $25 million) award at the 2023 HIA Awards.

&nbsp;

&nbsp;

The 50-level building features one, two, and three-bedroom apartments and offers extensive resort-style facilities, including a theatre, heated pool, sauna, gym, and landscaped terraces.&nbsp;

[smartcode_project:default project_id=3260 project_image_fid=206134]

Innovative features like resident-only keyless entry, 24/7 concierge service, and secure parcel lockers add to the appeal for discerning downsizers and rightsizers.

Of course there's STH BNK by Beulah, the Southbank Boulevard twin-tower skyscraper development which has rocketed to over 80 per cent sold in less than 12 months.

&nbsp;

[smartcode_project:default project_id=8804 project_image_fid=221153]

The game changing $2 billion landmark, which is soon to start its build, will home nearly&nbsp;700 apartments, as well significant health, wellness, and social facilities for residents, a Four Seasons Hotel Melbourne, and the country’s first innovative cultural centre for young people.

<h2>Armadale</h2>

With its leafy streets and heritage charm, Armadale remains a timeless choice for downsizers.&nbsp;

This suburb, known for its grand Victorian and Edwardian residences, offers a sense of refinement and boutique shopping along the High Street.&nbsp;

With easy access to public transport and green spaces like Union Street Gardens, Armadale provides an ideal balance between tranquillity and urban convenience.

Most new apartment developments coming onto the market in Toorak generally start at $2 million, targeting either the local downsizer or a downsizer from another neighbouring affluent suburb.

Given the suburb is dominated by families (over 60 per cent according to the latest census), there's been a minimal opportunity to secure new, or even near new, apartments built on this side, which makes Lendlease Development completed Toorak Park a rare proposition for those trying to enter the Toorak market.

[smartcode_project:default project_id=377 project_image_fid=211677]

Topping as the most popular Armadale development with key strengths identified by the Urban Community as its floor plan designs, great location, and resident amenities, the 2.5-hectare project was designed in collaboration between Denton Corker Marshall and Carr Design Group.

A small number of one, two, three and four-bedroom apartments starting from $520,000 have hit the retail market, having been secured by an investment fund when the project was complete.

The $500 million masterplanned 16-building project features extensive landscaping by landscape architecture by Tract. Open space makes up about a third of the development, which also features a bluestone plaza with a convenience store, cafe, and communal gardens.

There are extensive resident facilities, including a swimming pool and a gym.

<h2>Brighton</h2>

A perennial favourite for those seeking a beachside haven, Brighton continues to hold its ground as an appealing destination for affluent downsizers and rightsizers.&nbsp;

With its iconic bathing boxes, beachside cafes, and proximity to quality schools, Brighton offers a relaxed coastal lifestyle without compromising on amenities.

&nbsp;

Approaching completion is Martin Brighton, the luxury downsizer project by EBG Developments.

The striking Martin Street building of just 11 apartments has been popular with both local downsizers and those from Bayside looking to get into the Brighton market.

The architectural design of&nbsp;<a href="/buildings/martin-brighton-133-martin-street-brighton">Martin Brighton</a>&nbsp;is a testament to the expertise of the&nbsp;<a href="/architects/the-buchan-group" target="">Buchan Group</a>&nbsp;Architects, while the interiors have been curated by the renowned Miriam Fanning's MIM Design.

[smartcode_project:default project_id=5495 project_image_fid=190763]

Boutique townhouse developer Sloane recently launched 111 Carpenter, their price-conscious collection of townhouses near the station.

Sloane, led by longtime developer Adam Sloane, says the project is all about the location.

&nbsp;

"Brighton offers one of the best lifestyle offerings in Melbourne. There’s the beach, the parks, the café culture, cinemas, retail… it has it all.

[smartcode_project:default project_id=7517 project_image_fid=229014]

"I knew 111 Carpenter was a fantastic, central site for a townhouse project based on the tree lined streets, shops, schools and transport which are all at your door. It is the ideal spot to base your family and explore all that bayside has to offer."

Prices at 111 Carpenter start from under $2 million.

<h2>Brunswick</h2>

Brunswick's eclectic charm and artistic vibe make it a standout choice for downsizers looking for a more bohemian atmosphere.&nbsp;

This inner-city suburb is celebrated for its diverse cultural scene, boutique shops, and many eateries.&nbsp;

With a mix of traditional and modern residences, Brunswick appeals to those seeking a dynamic and inclusive community near the Melbourne CBD.

Mirvac's Prince &amp; Parade, strategically located on the fringe of Princes Park, has been popular since its launch in mid-2023, with both local downsizers and affluent young professionals showing interest.

[smartcode_project:default project_id=4802 project_image_fid=217134]

Prince &amp; Parade, designed by Bates Smart in collaboration with Mirvac Design and landscaping by Jack Merlo, features 166 one to four-bedroom apartments.&nbsp;

The fully electric building features a residents' lounge and dining room and a rooftop terrace with extensive panoramic views of Melbourne. A library and a wellness studio complete the private amenity spaces.

Positioned on Park Street, just four kilometres from the CBD and within walking distance of vibrant inner-north suburbs, Prince &amp; Parade is also conveniently close to Jewell and Royal Park Train Stations. Construction is slated to commence in early 2024.

<h2>Glen Iris</h2>

Tucked away in Melbourne's southeast, Glen Iris stands out as a peaceful oasis for rightsizers. Known for its tree-lined streets, parklands, and quality schools, Glen Iris offers a suburban retreat while maintaining accessibility to the city.&nbsp;

The Camberwell Junction shopping precinct and easy access to public transport contribute to the suburb's appeal for those seeking a laid-back yet well-connected lifestyle.

The latest apartment development in Glen Iris, GALERIE by LDS Property, has received positive feedback from the Urban community for its various floor plan designs, quality finishes, prime location, and value for money.&nbsp;

[smartcode_project:default project_id=112375 project_image_fid=213650]

The development features 29 one, two, and three-bedroom luxury residences, attracting downsizers and rightsizers with a limited-time offer of only a five percent deposit.

GALERIE is close to a thriving hospitality scene, eclectic cafes, and boutiques along Malvern Road and Glenferrie Road. The project has succeeded, with penthouses sold off-the-plan to a local downsizer who appreciated the high-end design and worked with the team to add bespoke features.

Two-bedroom residences at GALERIE cost $849,000, and three-bedroom apartments are priced at $1,159,000.&nbsp;

[smartcode_project:default project_id=112375 project_image_fid=213649]

Glen Iris has also seen the completion of a boutique development by Werden Property Group, 225 Burke Road.

Another boutique development with just 16 apartments, 225 Burke Road has three-bedroom apartments starting from $1.2 million, presenting an ideal downsizer opportunity. The two-bedroom apartments were snapped up pre-completion.

[smartcode_project:default project_id=5016 project_image_fid=225961]

Melbourne-based C.&nbsp;<a href="/architects/ckairouz-architects" target="">Kairouz</a>&nbsp;Architects designed the building with a robust façade, which gives way to warm, inviting, and minimalist apartments designed to cater to the needs of modern living with contemporary fixtures and finishes.

225 Burke Road boasts an enviable location within walking distance of High Street trams, shops, cafes, esteemed schools,&nbsp;<a href="/buildings/accolade-1532-1536-high-street-glen-iris">Glen Iris</a>&nbsp;station, and the M1 Freeway, which offers easy access to the rest of Melbourne.

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Downsizers and rightsizers were the main purchasers last year

Melbourne's top five suburbs for rightsizers and downsizers in 2023

A sanctuary for residents and guests alike, STH BNK by Beulah is offering its future occupants residences complemented by science-based diagnostics, medi-wellness amenities, and various elite health services.

At the core of STH BNK by Beulah stands the world's tallest 'greenscraper', promising a dynamic urban environment featuring retail innovation, personalised hospitality, fresh food choices, cultural experiences, and a wellness focus.

Occupying an entire podium level, STH BNK by Beulah's Wellness Precinct offers a carefully curated selection of medical, beauty, and wellness services aligned with leading practices in science and medicine. This precinct aims to establish itself as the city's premier all-in-one health and wellness destination.

[smartcode_project:default project_id=8804 project_image_fid=221156]

VIP Resident membership grants access to light medical treatment at the medical wellness centre, where a dedicated doctor is available for consultations, and access to a gym with professional-level equipment and diverse training and fitness classes.

Residents can choose between high-intensity activities like the pool and gym or more relaxed pursuits such as yoga and pilates.

[smartcode_project:default project_id=8804 project_image_fid=221164]

The Nutrition Centre within the Wellness Precinct complements personalised training regimens with healthy meals, drinks, and programmes tailored to individual biodata and wellness goals. Residents can collaborate with specialists to co-create diet plans, with fresh deliveries from the STH BNK by Beulah Market Hall.

Cutting-edge services, ranging from hair and makeup and facials to dermatology, detox treatments and anti-aging therapies, are also conveniently available on-site.

[smartcode_project:default project_id=8804 project_image_fid=221162]

STH BNK by Beulah will also be home to the renowned Four Seasons hotel–the first Four Seasons hotel to open in Melbourne, which is set to bring its world-class hospitality and lifestyle services to STH BNK by Beulah.

"Four Seasons will provide an uber-luxurious lifestyle offering to Melbourne's residents and visitors alike, one that fuses wellness, sustainability, art and culture, and innovation, providing guests with everything they need within the one destination," Executive Director of Beulah, Adelene Teh says.

[smartcode_project:default project_id=8804 project_image_fid=221154]

Four Seasons is designed to be an urban resort offering health and fitness amenities and luxury spa services, including a salt room, aroma lab, and apothecary.

"We are incredibly proud to partner with Beulah and to be a part of the leading-edge STH BNK by Beulah development,"&nbsp;Bart Carnahan, President of Global Business Development and Portfolio Management Four Seasons Hotels and Resorts says.

"This project will set a new standard for luxury in Melbourne, offering guests an exceptional Four Seasons experience set within an environment that will be unmatched in this market,"&nbsp;

Builder Multiplex is due to commence early works in early 2024 and will take around five years to complete STH BNK By Beulah.

[smartcode_project_cta:default project_id=8804]

Occupying an entire podium level, STH BNK by Beulah's Wellness Precinct offers a carefully curated selection of medical, beauty, and wellness services

Inside STH BNK by Beulah's wellness precinct

A year after launching their Coburg apartment development, longtime developer Pace has released its final stage.

<a href="/buildings/pace-3058-coburg-9s-wardens-walk-coburg">PACE 3058</a>, designed by <a href="/architects/sjb-architects">SJB Architect</a>, comprises over 300 apartments and a handful of townhouses, which are expected to be completed half way through this year.

Located on Wardens Walk, once the exercise yard for Her Majesty’s Prison Pentridge which was established in 1851 and closed at the end of the twentieth century, is ideally located half way between Coburg and Batman train stations.

[smartcode_project:default project_id=24822 project_image_fid=254449]

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Pace has collaborated with Studio Wonder for interiors of the one, two, and three-bedroom apartments, with ASPECT Studios handling the landscape design.

Each residence is thoughtfully designed to embrace materiality through contemporary fittings and considered textures.

The homes have warm, practical features to accentuate the open and functional living, dining and kitchen areas. Large windows and balconies ensure indoor-outdoor connection and abundant natural light through the apartments.

[smartcode_project:default project_id=24822 project_image_fid=254332]

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Residents can expect sophisticated quartz benchtops, glazed splashback tiles and Italian-made speckled terrazzo floors in the kitchens.

This all-electric development will feature solar panels, double-glazed and Low-E windows, and abundant green spaces to reduce the heat-island effect.&nbsp;

Pace 3058 also features exclusive amenities like a 25-metre lap pool, luscious rooftop gardens and residents' lounge, 500 bike parking spots, a repair workspace, and 20 EV charging stations.

[smartcode_project:default project_id=24822 project_image_fid=254324]

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The development is <a href="/new-apartments/coburg-vic-3058">nestled just behind Sydney Road</a> and surrounded by wide-open parklands, bike trails, and eclectic restaurants and cafes.

<a href="/developers/pace-development-group">Pace's</a> in house construction arm, Pace Building Group, is well underway, with a Q2 2024 completion date slated.

Over 60 per cent of its Pace 3058 has sold.

[smartcode_project_cta:default project_id=24822]

Pace has collaborated with Studio Wonder for interiors of the one, two, and three-bedroom apartments, with ASPECT Studios handling the landscape design

Pace release final stage of Pace 3058 apartments in Coburg

<a href="/developers/dm-property">DM Property</a> and <a href="/developers/icon-developments">Icon Kajima</a>'s debut Geelong apartment development, Motif, has already sold 60 per cent of its 129 apartments.&nbsp;

This comes on the heels of a successful launch last November, marking <a href="/new-apartments/geelong-vic-3220">Geelong</a>'s first apartment launch in several years.

MOTIF offers a mix of one, two, and three-bedroom apartments across a five-level building.&nbsp;

[smartcode_project:default project_id=136615 project_image_fid=241453]

The location's rarity for new apartment developments in Geelong played a significant role in achieving such remarkable sales figures.

"Motif is situated in an ideal location, and its progressive design credentials led by <a href="/architects/rothelowman">Rothelowman</a> have positioned the development to address the sustained undersupply of apartments within the Victorian housing market,” Nick Sestak, Senior Development Manager of Icon Kajima, said.

The development is strategically positioned at 1 York Street, on the fringe of the CBD, a stone's throw from Pakington Street's vibrant cafes, restaurants, and bars, as well as the Little Malop Street precinct, home to the impressive Geelong Library and Heritage Centre.

Following on from their relationship born in Sandringham, DM Property has had renowned architecture firm Rothelowman handle the architecture of Motif.

Each apartment features an open-plan kitchen integrated into the dining and living spaces, providing views overlooking Keera Street.

[smartcode_project:default project_id=136615 project_image_fid=241456]

Motif's south-facing one-bedroom layout offers a picturesque view of Keera Street through the windows.

For those looking for more space, the open-plan, two-bedroom design strategically places bedrooms on opposite sides for enhanced privacy.

Meanwhile, the grand three-bedroom layout caters to families or those seeking ample space. Two balconies overlooking bay views are accessible from the living area and as private extensions of bedrooms.

Two large bedrooms boast private ensuites, while the third room is adjacent to the communal third bathroom.

The ground floor hosts a generously sized plaza-like space landscaped by ACRE, providing a communal area for residents to gather and enjoy.

[smartcode_project:default project_id=136615 project_image_fid=241461]

In a nod to sustainability, MOTIF is fossil fuel-free, with significant solar panelling offsetting electricity consumption, resulting in a 7-star NAThers-rated building.

The various configurations on offer and price points will appeal to everyone, from first home buyers, young professionals, downsizers, and investors, both local and interstate.

Apartments at <a href="/new-apartments/motif-geelong-1-york-street-geelong-vic-3220">Motif</a> start from $480,000. Construction is expected to commence early this year.

[smartcode_project_cta:default project_id=136615]

The development is strategically positioned at 1 York Street, on the fringe of the CBD, a stone's throw from Pakington Street's vibrant cafe culture

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