New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

Joel Robinson

The apartment price gap drawing Sydney buyers west

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>.

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

Melbourne off the plan apartments

Melbourne has continued to see growth in its unit market, albeit slower than previous months.

CoreLogic's Monthly Hedonic Home Value Index found that&nbsp;value of&nbsp;<a href="/developments/melbourne-vic">Melbourne units</a>&nbsp;grew by 0.3 per cent across August, slightly softer than the 0.4 per cent gains in July and one per cent in June.

It was the first time in three months unit growth didn't outstrip house value growth. House values in Melbourne grew 0.6 per cent in August.

Unit values are now 1.6 per cent up over the rolling quarter, and 1.7 per cent year to date. The median value for units in&nbsp;<a href="/developments/melbourne-vic">Melbourne</a>&nbsp;is now $603,000.

Read more:&nbsp;<a href="/news/vic/city-beat-august-2023-melbourne-units-outperform-houses-again-as-supply-problems-persist">City Beat August 2023: Melbourne units outperform houses again as supply problems persist</a>

<h1>What's happening in the Melbourne off the plan market?</h1>

It's taken a bit of time, but agents are reporting that buyers are starting to come into the market.&nbsp;

That's what&nbsp;Stephen Bowtell, Director at Jellis Craig Projects, is seeing across a number of his projects.&nbsp;

"It's a good sign for the market that new buyers are beginning their search," Bowtell says.&nbsp;He adds however that most are new buyers only just starting their journey, and they're not ready to transact.

"That slows down the sales process because those buyers need time to assess all options and spend some time researching the market," Bowtell says.&nbsp;

But due to the supply crunch in Melbourne, because of the difficult construction environment, there's not a lot of other options on the market, or even coming to the market.

He says when there even a hint of a rate cut, there will be a flurry of both enquiry and transactions.

Bowtell has just launched Kindred, in Bayside Mentone, a collection of just 10 architecturally-designed villas on the park and near the beach.

[smartcode_project:default project_id=138768 project_image_fid=214857]

"This one ticks a lot of boxes," Bowtell says.

"Kindred Mentone stands out from anything that's been done in Mentone before from an architectural standpoint, but it's also one of few residential sites that faces the park, which makes it difficult to repeat."

Read more:&nbsp;<a href="/news/vic/sloane-launch-one-of-a-kind-townhouse-development-in-melbournes-mentone-bayside">Sloane launch 'one of a kind' townhouse development in Melbourne's Mentone Bayside</a>

[smartcode_project:default project_id=138768 project_image_fid=214862]

Colliers National Director Project Marketing Ben Gearing says it's this undersupply of apartments which has driven sales at their two projects in Melbourne currently, Park Quarter on St Kilda's Road by SIDG, and Lendlease's newest tower in their $1.5 billion Collins What redevelopment, Regatta.

Park Quarter has raced to 50 per cent sold having only launched in March, while Regatta hit the market last month and has had "overwhelming interest".

"We are entering a period where there are going to be fewer apartment development completions," Gearing says.

[smartcode_project:default project_id=134959 project_image_fid=210773]

"This lack of supply in and around the CBD and city fringe of Melbourne will add further pressure on rents in an already tight rental market, bringing astute investors out in large numbers."

Gearing has also seen demand however from first time apartment buyers, whether it be downsizers or first home buyers.

"There has been consistent strong interest from owner occupiers searching for quality, liveable residences which includes your first time apartment residents such as downsizers and first homeowners. As the Melbourne apartment market matures we can see increased interest from residents choosing to upgrade from their current apartments and seeking enhanced design, amenity, quality of build and location."

RT Edgar Projects Director Nihal Peter says there's a few factors at play in the off the plan market in Melbourne. Starting from the bottom up, he says first home buyers have no incentive to buy off the plan.

"They’re renting and don’t want to rent, but they don’t want to be buying something which is over 12 months or so away from completion, they want to move now. They need the 10 per cent deposit now because of rising inflation and rising rents. They’re not buying off the plan and they’re buying completed, well priced stock."

Peter says on the flip side, ageing downsizers are always buying off the plan.

"They don’t have mortgages, they’re buying and future proofing, settling at that price, then selling their home when the market is a bit better.

"There’s a big disparity between the bottom end and the higher end of the market. Supply is going down, demand is going up, the Chinese are coming back. We predict the apartments that sell now will be worth more at settlement.

Peter's newest projects in market are Mimosa Row in Carnegie and EIRA Apartments in Bentleigh East, both being developed by ITUM.

[smartcode_project:default project_id=139888 project_image_fid=212587]

Mimosa Row comprises just 40 two and three-bedroom apartments, while EIRA Apartments offers 18 one, two and three-bedroom units.

Tomassi &amp; Co Founder and Director Alby Tomassi says there's&nbsp;plenty of positives to look at in Melbourne’s off the plan property market.

"Forecasts are for 160,000 people to migrate to VIC in the next 12 months, which is 30 per cent of the whole of the country and double pre-COVID levels. The recent interest rate pauses have seen confidence come back into the market.

Tomassi says when we approach the first cut, then it will be game on.

"The new RBA Governor will signal a change in direction at the Central Bank. Whenever there’s a change in leadership in government, it’s generally because the direction wants to change. So I suspect the change of direction will see us go from a rate hiking, inflation controlling RBA to one who will seek to cut rates at the first opportunity.

"As soon as the media start reporting on first rate cuts, demand will far surpass supply, which is worse in Melbourne than in any other capital city."

Tomassi is preparing to launch a boutique project on Fitzroy's Smith Street, and a townhouse project in Mordialloc.

Chad Arbid at Chad Arbid Projects says the RBA's second consecutive decision to hold rates steady in August has sparked increased activity within the market.

"We are now receiving more qualified enquiries as people are able to engage in more effective financial planning. Confidence is reemerging within the market, and individuals are realising that we are either at the pinnacle or very nearly so, within the interest rate cycle."

Arbid is marketing Casa Tranquila in Hampton East, which he says is attracting buyers who want everything that Bayside has to offer.

[smartcode_project:default project_id=113441 project_image_fid=208731]

"It's a true Bayside suburb," Arbid says.

"It shares the Hampton postcode, it's in an area known for parks, the beach, the best schools, restaurants and cafes, all within three or four hundred metres of the front door."

Local downsizers have made up the bulk of enquiry and purchases. There were some first home buyer purchases earlier in the year, but they're not even enquiring now as interest rates have further restricted budgets.

It's taken a bit of time, but agents are reporting that buyers are starting to come into the market

City Beat August 2023: Buyers start to emerge in Melbourne's off the plan market

South Yarra House might be the most beautifully crafted apartment development South Yarra has ever seen.

Developer Wattletree has had SJB mix architecture with density to create something that hasn't been previously available before.

The 58-apartment project, inspired by simple, brutalist, art-deco New York architecture, has been a hit with downsizers in particular so far, who want to stay close to the action of South Yarra without the effort of maintaining a home.

Read more:&nbsp;<a href="/news/vic/a-return-to-south-yarra-grandeur-and-refinement-how-sjb-designed-south-yarra-house">"A return to South Yarra grandeur and refinement": How SJB designed South Yarra House</a>

[smartcode_project:default project_id=112970 project_image_fid=214711]

They're getting an equally high level of finish that they could ever get in a home at South Yarra House, with renowned Hecker Guthrie handling the interiors of the project.

We recently took a tour of the South Yarra House display suite which features the centrepiece of the home, the kitchen, lined with marble benchtops and Gaggenau appliances.

<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/tE-YpmoY-u0?si=ftosIX9qIteuAIsO" title="YouTube video player" width="560"></iframe>

South Yarra House comprises just three and four-bedroom apartments, a maximum of five apartments per floor. They will sit above a commercial and retail podium.

Each apartment features intuitive configurations, ensuring a seamless flow that resonates with the needs of modern living. Enveloped by an uninterrupted north-facing panorama overlooking the Yarra River, these homes effortlessly capture the essence of serene luxury.

Another key stand out of the apartments is the ceiling heights, which range between 2.8 metres and 3.3 metres high, far above the Australian standard of 2.4 metres. High ceilings create a sense of space, and allow for more natural light to flood the apartment through equally high floor to ceiling windows.

[smartcode_project:default project_id=112970 project_image_fid=214705]

Every facet of South Yarra House showcases a commitment to quality. From the Gaggenau in the kitchen to&nbsp;custom veneer joinery, meticulously handcrafted bricks and brushed nickel tapware, every fixture and finish has been considered.

Communal spaces take shape in the form of a rooftop haven with a swimming pool, alfresco dining space with a barbecue kitchen, and an indoor dining area.

[smartcode_project_cta:default project_id=112970]

Developer Wattletree has had SJB mix architecture with density to create something that hasn't been previously available before

Staff Writer

Capturing what inner-city downsizers are after: Inside the South Yarra House display suite

Merchant Apartments is the final residential apartment development in AVJennings' Williamstown masterplan, Waterline Place.

Merchant will deliver 125 apartments across two seven-storey buildings when it's completed in mid-2024. It sits in the heart of the masterplan, which, when AVJennings started to develop over 10 years, wanted to become 'a village within a village'.

It's a vision which is quickly coming to fruition with Waterline Place already home to a number of apartment buildings and striking architecturally-designed townhouses.

[smartcode_project:default project_id=112774 project_image_fid=197060]

Renowned architecture firm Elenberg Fraser designed Merchant Apartments with the community in mind. The project comprises one, two, and three-bedroom apartments, as well as an exclusive Sky Home collection occupying the upper floors of the two buildings.&nbsp;

Elenberg Fraser Interior Designer Kate Shaw said Merchant’s fluid undulant-shaped façade reflects light in a way that is reminiscent of the reflection of the sun off rippling water.

“Textural concrete walls intentionally bound the building to the east and west, angled to direct view lines towards the horizon,” Shaw says.

[smartcode_project:default project_id=112774 project_image_fid=199291]

The building also homes a ground floor retail space and is crowned by a communal rooftop with&nbsp;sweeping views of the city and Hobsons Bay.

The inclusion of a variety of Indigenous and exotic vegetation complements the architectural design and thrives within the climate.

Location is a key highlight of Waterline Place, situated 12 kilometres from the CBD and a short walk from Williamstown Train Station, making it an excellent choice for those who work in the city but prefer a more suburban lifestyle.

Investors have started to show an interest in the building as it approaches completion. CoreLogic data shows units have from 6.31 per cent in the 12 months to July.

[smartcode_project_cta:default project_id=112774]

Merchant will deliver 125 apartments across two seven-storey buildings when it's completed in mid-2024

alisonwarters@gmail.com

Buyer Handbook: A buyer's guide to AVJenning's Williamstown apartment development, Merchant Apartments

The record-breaking Queensland developer Spyre Group is set to launch its first Melbourne apartment development, in the Bayside suburb of Hampton.

The boutique project, Hampton Ltd, will see just 20 apartments and three townhouses developed across three three-level buildings on the corner of Thomas Street and Deakin Street, near Hampton Beach and Bayside's entertainment capital Church Street in nearby Brighton.

Spyre Managing Director Daniel Laruccia, who hails from Victoria, said the company's ambition has been to extend&nbsp;the same level of design and innovation down south.

He said the key factor was the location.

“In our pursuit to offer an unmatched living experience for those who desire the extraordinary, we discovered Hampton is the ideal canvas to bring this vision to life - a prime bayside location brimming with untapped potential," Laruccia said.

The two and three-bedroom apartments are expected to be popular among empty nester downsizers and young professionals.

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Architects MLD Studio designed the project, with the interiors crafted by Studio Brent Lee.

Jellis Craig Bayside&nbsp;agent Melina Scriva, who is marketing the project, said Hampton Ltd represented a unique proposition in the area.

“Spyre brings a genuine passion to their projects and an unwavering dedication to exceptional quality," Scriva says.

"Hampton Ltd introduces a bespoke offering that the Bayside community hasn’t seen before.”

Interior layouts are designed around focal points such as the open plan kitchens and master bedrooms, spaces where people spend most of their time. The living area flows around the entertainer’s kitchen where a sculptural island bench, crafted from Vanilish Pearl marble, stands as a statement piece.

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The master bedrooms offer generosity of space and abundant natural light. They feature lush wool carpets, and an expansive walk-in wardrobe with feature timber-look joinery.

Spyre has more than $750 million of luxury developments under their belt in South East Queensland, across Brisbane and the Gold Coast.

Laruccia said the company was regarded in Queensland for having the foresight, and ability to conceive projects that enhance the “lifestyle wealth’’ of their residents and Spyre wanted to bring that vision to Melbourne.

“Spyre has identified a genuine demand in the market for aspirational properties that inspire through their design and innovation,’’ Laruccia said.

Spyre’s Moray House development on the New Farm reach of the Brisbane River broke the record for Brisbane’s most expensive apartment sale, when its two-level 800 square metre penthouse <a href="/news/qld/spyre-secure-15-75-million-brisbane-apartment-record-at-moray-house-new-farm-riverfront-development">sold off the plan for $15.75 million in January</a>.

In March last year, the penthouse of Spyre’s Glasshouse development at <a href="/news/qld/spyre-group-smash-queensland-apartment-record-with-20-million-burleigh-heads-penthouse-sale">Burleigh Heads on the Gold Coast sold for $20 million</a>, giving it the title of Queensland’s most expensive off-the-plan penthouse.

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Spyre Managing Director Daniel Laruccia, who hails from Victoria, said the company's ambition has been to extend the same level of design and innovation down south.



Spyre Group unveil first Melbourne apartment development, Hampton Ltd

Nestled in the vibrant heart of the south-east suburb of Carnegie, Pitard Group has captured the essence of modern living with their completed apartment project, Carnegie Place.

Carnegie, celebrated for its diverse and connected atmosphere, has long been a favoured destination for those seeking a dynamic lifestyle. From its bustling main strip adorned with cafes and eateries, to the abundance of amenities and lush green spaces, the suburb has long brought in a diverse array of residents.

Comprising a collection of 47 one, two and three-bedroom apartments, Carnegie Place stretches across four levels, perched above ground-floor retail and dining spaces. Convenience takes centre stage at Carnegie Place, given its prime, connected location on Neerim Road.

&nbsp;

Carnegie Place is just 450 metres from Carnegie Train Station. Bus and tram links are even closer on Neerim Road and Carnegie Road.

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The neighbourhood community vibe of Carnegie is a magnet for residents of all demographics. Culinary enthusiasts will find themselves spoiled for choice with a plethora of dining options on the doorstep, from Japanese to Malaysian, Thai to French, and Greek to classic Australian.

Carnegie's practicality shines through with its array of grocery stores, bakeries, beauty salons, and fitness facilities along the bustling Koornang Road, while for those who seek retail therapy, the renowned Chadstone Shopping Centre is a 10-minute drive from Carnegie Place.

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The interiors, thoughtfully designed by Ewert Leaf, feature open-plan layouts illuminated by an abundance of natural light.

The soft, neutral colour palette serves as a versatile canvas for residents to infuse their unique style, coupled with engineered timber flooring, high ceilings, and natural textures throughout.

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The kitchens feature white quartz stone benches offset by sleek white cabinetry adorned with woodgrain feature panels and mosaic tile splashbacks. State-of-the-art ILVE appliances have been incorporated throughout, along with ample storage solutions, and built-in dishwashers.

The bedrooms have been designed with functionality in mind. Plush wool carpets, dual block-out roller blinds, and considered soundproofing combine with walk-in or built-in robes which feature innovative storage solutions like shoe racks, jewellry drawers, and hydraulic hangers.

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Carnegie Place is just 450 metres from Carnegie Train Station. Bus and tram links are even closer on Neerim Road and Carnegie Road

The heart of Carnegie: Inside Pitard's completed Carnegie Place apartment development

Platinum Constructions took to the leafy Caulfield North for their apartment and townhouse development, The Prince.

Completed in 2020, The Prince comprises just 14 dwellings, designed by Taylor + Reynolds to blend into the established surroundings.

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Attention to detail is evident throughout the three-level development, starting from the secure basement carpark entry that ensures a seamless arrival for residents. Inside, the living spaces are adorned with curated timber flooring, providing a warm and inviting ambiance.

The kitchens within The Prince residences exude elegance and functionality, featuring thick, grey stone island feature benches complemented by stone benchtops and Miele appliances. In contrast, the bathrooms and bedrooms are adorned in a white decor that complements the light-filled interiors, with tiling and rustic grey carpeting add a touch of sophistication.

Beyond The Prince, residents can immerse themselves in the vibrant lifestyle opportunities offered by Melbourne's inner south-east.

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Luxury shopping awaits just a short distance away at Chadstone Shopping Centre, boasting a plethora of upmarket retail stores for indulgent retail therapy, while open green spaces and parks are also aplenty, with Caulfield Park less than four-minutes away.&nbsp;The sprawling park provides an array of recreational activities, including sporting clubs, barbecue facilities, children's play areas, off-leash dog areas, and walking tracks.

The famed Albert Park Lake and some of Melbourne's best beaches are also nearby, both accessible within a 10-minute drive.&nbsp;

Caulfield North's reputation as a family-friendly haven has also contributed to its enduring appeal, with 38 schools situated nearby. As a result, property values in the desirable suburb continue to soar.

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Platinum delivers a limited collection of luxury to Melbourne's inner south-east

Investors are scrambling to get a piece of the recently completed $1 billion, four-tower Melbourne development, West Side Place.

The majority of investors are seeing double-digit rental yields in the Spencer Street project on short-stay accomodation platforms, given the prime location&nbsp;opposite Southern Cross Station, Spencer Outlet Centre, and Marvel Stadium.

Investors likely won't have any trouble leasing long-term either in the sought-after development, and will be securing yields they haven't seen in a number of years. Melbourne rents have jumped 12.9 per cent over the year to July 2023, the second best performing capital only behind Perth (13.9 per cent). The REIV have Metro Melbourne's vacancy rates at just 2.2 per cent.

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Nest Projects Director Nick Marinakis, who is marketing West Side Place on behalf of developer Far East Consortium, says the rental yields being achieved at West Side Place are being driven both by what the building offers just as much as the current rental crisis.

"There are two reasons why investors are securing such a good return at West Side Place. First is the current rental crisis which is driving prices, and the second is the location of West Side Place, which is second to none in the city."

The amenity, both in and out of the building, has been a major driver at West Side Place. Within the development there's a swimming pool with 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 amenity on offer at West Side Place means investors can reasonably have considerably higher returns than they would in other CBD buildings," Marinakis says.

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Prices start at $550,600 for the one-bedroom, 60 sqm plus apartments, which have a study space and secure parking for one car.

Two-bedroom apartments, which start from over 70 sqm, are priced from $708,000.

It was a decade ago that Far East Consortium signalled their intentions for the $2 billion plus West Side Place development, securing a prime Spencer Street site in 2013. They spent the next three years in the development an design phase with Cottee Parker before launching in 2016. It still stands as one of the largest developments in Melbourne's history.

Completed apartments in the Melbourne CBD have proven popular on Apartments.com.au over July and August, with investors keen on taking advantage straight away of the high rental demand and forecasted population boom in the Victorian capital.

First home buyers have also looked to completed, inner-city apartments to try and get out of the rental market. They offer great value, and despite interest rates being higher than we've seen in the last few years, first home buyers are still able to pay down a mortgage for less than what they're paying renting a similar apartment.

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Nest Projects Director Nick Marinakis says the rental yields being achieved at West Side Place are being driven both by what the building offers just as much as the current rental crisis

Why Melbourne apartment development West Side Place is attracting investors

When Brady Group set about designing their Melbourne CBD apartment towers 380 Melbourne, they made sure they featured a handful of luxury apartments toward the top of one of the buildings.

The Diamond Collection, the largest on offer in the Elenberg Fraser-designed development, is spread across the upper levels of the south tower on Timothy Lane. The development is named 380 Melbourne after its prime site position fronting 380 Londsale Street.

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"As with all Elenberg Fraser projects, the architecture and interior design of 380 Melbourne are sensory—an expression of unique identity that residents will feel, as well as see," Brady Group advise.

"It will be evident in the synthesis of colour and texture throughout the exclusive Diamond Collection lobby, and the grand sense of arrival it creates.

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"You’ll experience it in the considered modernism of your generously proportioned, light-filled residence: its intelligent layout, clean lines, flowing spaces, sophisticated palette of materials, and distinctive touches."

The three-bedroom apartments at 380 Melbourne span a generous 125 sqm, with three bathrooms and one car space.

<img alt="380 Melbourne" data-entity-type="file" data-entity-uuid="95e134b0-77c8-4f23-96b4-9d9a79bedc91" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-30%20at%208.45.10%20am.png?VersionId=Yy463UH.Aj_V3lJastfMHgDdYsB4pT82" />

The dual towers of 380 Melbourne grace the mid-town cityscape with their striking presence. The towers, resembling a cascade of shimmering silver ripples, establish a distinctive vertical rhythm.

This effect is achieved through the incorporation of elegantly moulded bay windows on the building's facades. Not only do these bay windows add character to the towers, but they also enhance the views and floor spaces of the Diamond Collection residences they house.

One of the standout features of the building is the rooftop garden that graces the crown of the southern tower. A green oasis in the midst of the city's hustle and bustle, the rooftop garden offers a serene escape for the residents of the Diamond Collection, while private dining rooms provide the perfect setting for hosting friends in indulgent luxury.&nbsp;

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"As with all Elenberg Fraser projects, the architecture and interior design of 380 Melbourne are sensory—an expression of unique identity that residents will feel, as well as see."


Luxury living above Melbourne CBD: Inside the Diamond Residences at Brady Group's 380 Melbourne

In the heart of Glen Iris, a new residential development is taking shape, offering residents a living experience that is woven into the tapestry of the changing seasons.

Developer Pasino's aptly named Highpark Seasons was designed by Rothelowman to harmonise with nature's ever-shifting moods. The apartments are oriented to&nbsp;blend with the lush parklands that overlook Gardiners Creek, with each a testament to how living spaces can be integrated with the world outside.

From the inception of Highpark, the focus has been on how each passing season would influence the lives of its residents and how they could seamlessly immerse themselves in the evolving environment that surrounds them.

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The development is ideally situated to cater to a variety of activities that define the season of Spring. Whether it's a leisurely brunch at the nearby Mr. Tucci café, a flower-filled shopping excursion, or a ride along the Gardiners Creek Trail, Highpark Seasons offers a myriad of experiences to suit individual preferences.

With the arrival of summer, Highpark Seasons transforms into a hub of energy and enjoyment. Residents can recharge with runs through nearby parks or take a swim at the Harold Holt Swim Centre. The vibrant High Street in Armadale becomes the perfect backdrop for convivial lunches with friends, while leisurely walks in the parklands create memorable balmy nights.

As the leaves turn and nature's palette changes, Highpark Seasons mirrors the very essence of autumn. The fluid design of the development mirrors the shifting seasons, with the glass façade reflecting the warm hues of the surrounding landscape. The integration of design and nature lends each apartment a unique atmosphere that mirrors the serene flow of the adjacent creek.

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As winter's chill sets in, Highpark Seasons envelops its residents in warmth and comfort. The central courtyard becomes an oasis of tranquility, adorned with blooms that add a touch of colour to the cozy setting. For those seeking solace indoors, the residents' lounge with its fireplace offers a space to unwind and relish the charm of winter.

Prices begin from $480,000 in Highpark, with the project currently under construction.&nbsp;

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Developer Pasino's aptly named Highpark Seasons was designed by Rothelowman to harmonise with nature's ever-shifting moods

Embracing nature's rhythms in Glen Iris: How Highpark has been inspired by the seasons

AVJennings is writing a new script for sustainable living in Brunswick West.

At the core of their newest apartment and townhouse precinct, Harvest Square, is a conscious effort to protect the environment.

Harvest Square presents a unique blend of quality homes, lush green spaces, and a well-connected neighbourhood brimming with amenities. The community's commitment to sustainable design is evident from the moment residents set foot in the Kitchener Street development, with a seamless integration of green pathways, gardens, and landscaped thoroughfares binding the neighbourhood together.

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The sustainability shines through its achievement of a 5-Star Green Star rating, a recognition that exemplifies Australia's excellence in sustainability practices. Each building within the development adheres to this standard, ensuring that the ecological impact remains minimal, while simultaneously enriching the health and overall quality of life for its residents.

All the homes in Harvest Square also achieve a minimum 7-star NatHERS rating. This achievement translates into a comfortable abode that not only provides an ideal living environment but also contributes to reduced energy bills.

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Beyond individual homes, Harvest Square demonstrates a commitment to responsible waste management and environmental care. Effective waste and recycling systems are in place to minimise landfill, further underlining the development's dedication to sustainability.

Urban ecology takes centre stage throughout Harvest Square, with increased landscaping and the incorporation of native vegetation. The positioning of buildings amidst a thoughtfully landscaped precinct not only enhances the aesthetics but also contributes to a reduction in heating and cooling costs.&nbsp;

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Community engagement and shared experiences are at the heart of the project. Communal corridors, play areas, bicycle parking, and productive gardens foster a sense of togetherness among residents. This community-driven approach not only promotes social cohesion but also ensures that sustainable practices extend beyond individual households.

The sustainable precinct design of Harvest Square isn't just about buildings, it's about creating purposeful spaces that seamlessly integrate with their surroundings. The architecture stands as a testament to the commitment to preserving the natural beauty of the area while offering residents a contemporary, forward-looking lifestyle.

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The sustainability shines through its achievement of a 5-Star Green Star rating, a recognition that exemplifies Australia's excellence in sustainability practices

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